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

[chessnut]

Much pump and dump LTC. Glad I shorted the hell out of it when it was $20. Back to BTC watching now.

that was a nice rally

the money will come back from ltc to btc now, so prepare for increased btc volume soon (on all exchanges trading ltc and btc).

anybody tries to catch the falling ltc knife?

the money will come back to BTC....... and USD. BTCUSD price should not be affected.

[RicePicker]

Much pump and dump LTC. Glad I shorted the hell out of it when it was $20. Back to BTC watching now.

how did you short it?  bitfinex?

300 LTC at $20 on Bitfinex. Just closed my short at $18.4. Bitfinex has such bad LTC liquidity. There is so much slippage when you try to place even a small position.

[Asrael999]

Bloomberg headline from 8.23:  Ukraine Mulls Tax on Deposits over UAH 50,000 Yatsenyuk says.


More potential bitcoin customers ?

[koryu]

Much pump and dump LTC. Glad I shorted the hell out of it when it was $20. Back to BTC watching now.

that was a nice rally

the money will come back from ltc to btc now, so prepare for increased btc volume soon (on all exchanges trading ltc and btc).

anybody tries to catch the falling ltc knife?

the money will come back to BTC....... and USD. BTCUSD price should not be affected.

not sure.
chinese cant trade ltc into btc directly, they have to trade ltc -> fiat -> btc. btc/cny could raise and that could affect btc/usd.
but the volume hasnt moved yet, ltc stil higher than btc.

/edit: sry just see that btcchina has implemented btc/ltc. but okcoin and huobi cant?!

[JayJuanGee]

 Maybe you need to go to re-education so you can get in touch with the norms of your community? 

Are you seriously suggesting sending me to a re-education camp? Are you paying attention to what you are typing?

Yes, there is a context in which I made the  re-education statement. 

First of all, you seem to have some difficulties understanding basic principles and that is we grow up as a product of culture and communities, and some communities are stronger than others.  If for some reason, instead of watching bugs bunny, you grew up watching fox news, then you may need to be educated into social norms... b/c they taught you badly. 

Second, I am paying attention to what I am typing, and their has been a certain level of frustration  in that you have this tendency to continue to want to engage in a conversation in which we have repeated ourselves numerous times.  Can we just agree to disagree and move on, rather than your wanting to continue... ... So I my be expressing some frustration in continuing what seems to be a repetitive conversation

The norms of my community are 1) don't hurt people 2)don't mess with their stuff and 3) keep your promises. These are the norms of your community too. Eliminating the exceptions to these norms would go a long way towards unifying the community and resolving social problems.

I doubt that all of societies issues can be resolved through these principles, yet the extent to which any or all of the three principles would apply would depend on the scenario.. whether it is policing, safety, park use, disabilities, health care, flying car traffic, water service or any other potential public good in question.

[rpietila]

First of all, you seem to have some difficulties understanding basic principles and that is we grow up as a product of culture and communities, and some communities are stronger than others.  If for some reason, instead of watching bugs bunny, you grew up watching fox news, then you may need to be educated into social norms... b/c they taught you badly. 

Some jokes are just not funny.

[TERA]

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

[JayJuanGee]

First of all, you seem to have some difficulties understanding basic principles and that is we grow up as a product of culture and communities, and some communities are stronger than others.  If for some reason, instead of watching bugs bunny, you grew up watching fox news, then you may need to be educated into social norms... b/c they taught you badly. 

Some jokes are just not funny.

That is NOT a joke..  its an assertion that relying on bad information sources is going to be problematic for socializing people to accept varying viewpoints.

[jl2012]

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

see the news

[TERA]

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

see the news

what news?

[ChartBuddy]

Explanation

[ShroomsKit_Disgrace]

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

sELL the news

what news?

FTFY

[mmitech]

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

wasn't this expected ?  this is only the short term reaction, lets see what will happen the next couple of months I didn't sell a single LTC, I saw this coming but I am playing the longer term

[koryu]

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

see the news

what news?

what exactly to you mean with tanking? atm we see just pump and dump as expected.

but many people are bullish on ltc in mid term because scrypt asics will increase the production cost of ltc. https://www.mining-asics-technologies.com/product/excalibur-3-asic-scrypt-miner-200-mhs/

my calculation is that production cost of ltc will be 30$+. And Satoshi told us "The price of any commodity tends to gravitate toward the production cost.".
litecoin is going to stabilize its position as the king of the altcoins.

[billyjoeallen]

If for some reason, instead of watching bugs bunny, you grew up watching fox news, then you may need to be educated into social norms... b/c they taught you badly. 

I don't watch Fox News, but I also don't see them as any more biased than CBS, ABC, NBC, or CNN. They may be biased differently, but not more. They all suck.

Second, I am paying attention to what I am typing, and their has been a certain level of frustration  in that you have this tendency to continue to want to engage in a conversation in which we have repeated ourselves numerous times.  Can we just agree to disagree and move on, rather than your wanting to continue... ... So I my be expressing some frustration in continuing what seems to be a repetitive conversation.

You are advocating coercion. It may be common, widely accepted, perceived as necessary for the greater good, called something else, etc- but it's still coercion. Why can't we agree to disagree about raping your sister and move on? Consent is the central issue. I'm not going to agree to disagree about using/threatening violence to violate people's consent.

[threecats]

http://www.bloomberg.com/news/2013-09-26/secondmarket-starts-first-u-s-trust-for-bitcoin-virtual-money.html

Is this press release new news or old news?

[billyjoeallen]

The funny thing is JJG and I both disagree with the generally held view that monopoly government is a necessary evil. The difference is that he claims it's not evil and I claim it's not necessary.

[Rannasha]

http://www.bloomberg.com/news/2013-09-26/secondmarket-starts-first-u-s-trust-for-bitcoin-virtual-money.html

Is this press release new news or old news?

Look at the date.

[freebit13]

South Africa is trying it's hardest to provide an alternative form of government... perhaps bitcoin will play a big role in it's future: http://www.ubuntuparty.org.za/

[threecats]

Yea, but it was rereleased today in Singapore for some reason. Just wondering.