Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[PoolMinor]

<Tinfoil hat on>

Maybe the large buys/trades for LTC are actually a "laundering" of BTC?

[ChartBuddy]

Explanation

[adamstgBit]

<Tinfoil hat on>

Maybe the large buys/trades for LTC are actually a "laundering" of BTC?

most BTC are laundered through a coin operated air hockey table.

[fonzie]

I´m in the mood for love today ( ) so i´m sharing another private pic  
I have few a other legit arguments why we will see another bull trend soon.
The last words of my father before he died were:
1. GO FUCKIN ALL IN BTC! and that´s what i´m preachin you now!


2. (There is no bubble)

[adamstgBit]

    

[JayJuanGee]

What will happen to btc once ltc explodes?

Define explodes.   LTC at $25?  $40?  $100?  $1000? and when?  day, week, month, 6 months, 6 years?

Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...

I will speculate about LTC hitting an ATH of 0.07-0.09 BTC in 2-3 months

I appreciate when people (or bots - NOT that you are a bot) are fairly specific and committal about their predictions... That is definitely a step in the right direction.  The next step is to explain how they arrive at that prediction... what are the various factors that cause you to predict... and how did you arrive at such specificity...   Surely, no matter what the prediction (especially about the future... hehehe) there is going to be a certain margin of error that would be anticipated for it to be reasonably relied upon.

[PoolMinor]

most BTC are laundered through a coin operated air hockey table.

My air hockey table does not accept BTC only FRK.

[JayJuanGee]

What will happen to btc once ltc explodes?

Define explodes.   LTC at $25?  $40?  $100?  $1000? and when?  day, week, month, 6 months, 6 years?

Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...

If lots of idiots like me bought at the top of the last ATH, it probably won't go much higher than that.
I'm saying that because I will be selling as soon as I can make a profit and believe I won't be the only one to do so.
That's of course my (very) short term position. I'll be ready to buy back in the next dip.

Therefore for an additional price rise, the LTC market is going to need more "idiots."    hehehe... surely, that is possible... and especially possible b/c there continues to be quite a bit of hype in the crypto currency space that more and more people are just learning about.. especially heard about this since November 2013... and then when the crypto prices begin to grow again, everyone will want IN.

[JorgeStolfi]

So as I mentioned, I'm thinking of dropping a volatility index in with ChartBuddy's posts. It's fairly simple so far, it is the base 10 log off the percentage of high-low against closing price ( log(100*(high-low)/price ). This would only be once per day at 3pm (when the NY market closes). Here is a sample with a few arbitrary currencies (price, high, low, index). Prices are from Bitstamp. Thoughts?

Code:

GBPUSD 1.6573 1.6648 1.6547 -0.215079756574918
EURUSD 1.3915 1.3943 1.3880 -0.344142661216467
JPYUSD 0.0099 0.0099 0.0098 0.00436480540245543
UAHUSD 0.1024 0.1041 0.1024 0.22014896473846
BTCUSD 612.72 612.72 591.13 0.546990585818375

Sounds good, but why put the closing price in the formula? You could use  the  geometric mean of L and H
instead, namely m = sqrt(H*L).  Then your indicator would be
   d = log10(H/m) = log10(m/L) = (log10(H)-log10(L))/2 = log10(sqrt(H/L))
That is simply the half-width of the [L,H] interval in log scale. 

To make the number easier to understand you could convert it back from log scale to linear,
namely use D = 100(10^d - 1) = 100(exp(ln(10)*d) - 1).
That is simply he percentual increase of H relative to m (or of m relative to L).

In any case, it would be very interesting to plot your indicator as a function of the time span considered to compute H and L (hour, day, month, year).  The shape of that plot should be related to the fractal dimension of the price plot.

[mmitech]

What will happen to btc once ltc explodes?

Define explodes.   LTC at $25?  $40?  $100?  $1000? and when?  day, week, month, 6 months, 6 years?

Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...

I will speculate about LTC hitting an ATH of 0.07-0.09 BTC in 2-3 months

I appreciate when people (or bots - NOT that you are a bot) are fairly specific and committal about their predictions... That is definitely a step in the right direction.  The next step is to explain how they arrive at that prediction... what are the various factors that cause you to predict... and how did you arrive at such specificity...   Surely, no matter what the prediction (especially about the future... hehehe) there is going to be a certain margin of error that would be anticipated for it to be reasonably relied upon.

I have been following Both BTC and LTC for over a year and a half and I can say this :

1- LTC network is in a transition from GPU to ASIC the dif.factor is going insane (5-10 % each 3 days)
2- LTC is the first an only original alternative currency with a real and legitimate development happening around it.
3- LTC is being add elusively to all big exchanges as one and only Alternative to Bitcoin, bigger audience if you like so...
4- I spotted 10-15 days ago before even huobi announced adding LTC that the 3d MACD is going to cross and the market was going bullish and now it started





5- also LTC will really go mainstream for other reasons, I posted an article about few days ago and the fanatics here trashed me if you want to read here you go http://www.mmitech.info/?p=63   and compare it with this https://bitcointalk.org/index.php?topic=514616.msg5763878#msg5763878
6- there is few other things I believe will push LTC forward but I am not going to share them, at least not yet

[JayJuanGee]

What will happen to btc once ltc explodes?

Define explodes.   LTC at $25?  $40?  $100?  $1000? and when?  day, week, month, 6 months, 6 years?

Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...

I will speculate about LTC hitting an ATH of 0.07-0.09 BTC in 2-3 months

No chance.

It seems that even the most bullish of LTC advocates are NOT really buying the silver to gold analogy anymore.. and in that regard, LTC would be .25 BTC....   And, it seems that the reason why NO one is that bullish on LTC is b/c alt cryptos are likely competing a lot more with LTC rather than with BTC....

I am of the opinion that a few of the alt cryptos are subliminally competing with BTC... but the competition is ssssssssoooooo subliminal that such competition is really difficult to put a finger on it exactly.. b/c NONE of the other alts have really much of a network or as much of a liquidity ability that BTC has (and NOT that BTC's liquidity is anything to write home to mom about).


More like 0.05-0.06... My sell target is 0.05  
There will be alot of asking about ltc, when huobi fully starts with it...

Don't think so, 0.035-0.04 max. Huobi adding it doesn't really mean a lot, BTC-e had huge volume on last big LTC pump, Huobi was/is not needed there when there is enough money around. And there is enough money around only when Bitcoin is bubbling and new players are entering the crypto world.

It's just another news driven pump we've seen zillion times in bitcoin, litecoin and many other altcoins.

[JayJuanGee]

1) buy bitcoin today
2) sell it to someone that wants to speculate on the lastest shitcoin of 2015
3) profit!!!

OH my gosh.. Adam...   Are you becoming less bullish?  YOU are suggesting that we are going to want to sell BTC in 2015, and NOT hoard BTC into eternity in order to maximize the BTC climactical effect?

[KeyserSoze]

Yeah following my predicted correction to $550-590 here: http://www.geekcipher.com/technology/bitcoin-price-prediction-march-2014-through-july-2014/

My prediction thread here: https://bitcointalk.org/index.php?topic=518871

Odd that we don't see you here all the times you guess wrong...

When did I guess wrong? That is my first prediction thread ever as far as I know...It's also the first time I've published my opinion online (GeekCipher).

Perhaps my post wasn't exactly about price prognostication? I think what you're up to is generally obvious but I will reserve a more scathing post, i.e., give you rope. You could just be a burgeoning entrepreneur hoping to support his League Of Legends pastime, right?

[Richy_T]

Yeah I skimmed over and read it wrong.
I wouldnt worry about having your average at $685  we'll be back there before two months, its the people waiting to break even on their $1200 coins that may have to wait a while.

I's imaging most that actually have $1200 coins are mostly just happy that they are out of Gox.

[GameStarter]

When China started to buy BTC the price have risen hard so what should we expect for LTC?

Litecoin over 50$ soon.

[JayJuanGee]

So as I mentioned, I'm thinking of dropping a volatility index in with ChartBuddy's posts. It's fairly simple so far, it is the base 10 log off the percentage of high-low against closing price ( log(100*(high-low)/price ). This would only be once per day at 3pm (when the NY market closes). Here is a sample with a few arbitrary currencies (price, high, low, index). Prices are from Bitstamp. Thoughts?

Code:

GBPUSD 1.6573 1.6648 1.6547 -0.215079756574918
EURUSD 1.3915 1.3943 1.3880 -0.344142661216467
JPYUSD 0.0099 0.0099 0.0098 0.00436480540245543
UAHUSD 0.1024 0.1041 0.1024 0.22014896473846
BTCUSD 612.72 612.72 591.13 0.546990585818375

Gotta put the ruble in there, no?  Especially with all the world events... and also LTC... ... and Doge (just kidding)...

[JayJuanGee]

<Tinfoil hat on>

Maybe the large buys/trades for LTC are actually a "laundering" of BTC?

I LIKE  that theory.... a good way to camouflage stolen BTC woudl be to dilute them into various investment vehicles.

[JorgeStolfi]

I just thought of creating my own coin called UlimateCoin or UltraCoin or UtmostCoin or etc..

Then sit back and enjoy watching the general confusion whenever people use the acronym "UTC". 

[fonzie]

I just thought of creating my own coin called UlimateCoin or UltraCoin or UtmostCoin or etc..

Then sit back and enjoy watching the general confusion whenever people use the acronym "UTC".  

You´re too late:

https://bitcointalk.org/index.php?topic=413978.0

[koryu]

was 100% in ltc and sold at 0.03185 back to 40%ltc 60%btc.

how about you? how much ltc to keep?