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

[TERA]

LTC/BTC can't seem to keep up with this rally anymore.

[chessnut]

Poor old Billyjoel. Hope he wasnt short.

[Mervyn_Pumpkinhead]

http://www.c[Suspicious link removed]m/id/101583758 Bobby Lee is so full of BS he reminds me of this guy https://www.youtube.com/watch?v=yfAeMtcURg0

I think that BTC will be always plagued with new goxed and bobby lees. It's the unregulated nature of the field and the ability to operate without any transparency, that attracts the unsavory characters with fraudulent intentions. You can only play this game when you have a sharp eye for telling which news are meaningless and which are not. Because there are a lot of meaningless news.
The personal feelings of Bobby Lee, about the subject of China wanting to root out bitcoin, are meaningless for instance

[cbutters]

http://www.cnbc.com/id/101583758 Bobby Lee is so full of BS he reminds me of this guy https://www.youtube.com/watch?v=yfAeMtcURg0

It's funny that I don't even have to open the article/video to know that Bobby Lee said something bullish lol!

I am just wondering why he is saying that everything is business as usual, while Huobi has published news that a few banks are closing their accounts.

Maybe it isn't their bank that has issues with what they are doing. Or maybe they have secured a special relationship with the banks that other exchanges haven't.

[dreamspark]

LTC/BTC can't seem to keep up with this rally anymore.

Its very weird, I know the LTC rally is normally slightly delayed behind BTC but its gone down if anything since BTC started to rally.
 
Worried about sidechains? Or maybe with some of the other innovative alts, the fact that LTC only has a faster confirmation time doesn't really matter?

[jonoiv]

Elliot is waving from a train, yelling CCMF

'pologies for the newb question. But what does CCMF stand for?

CHOO CHOO MOTHER FLUBBER

rofl - Thank you!

but to be honest, from my personal opinion  it could also stand for...

CRash Crash Massive Fail....   The way it's looking.  

 Many bulls will have spent up, and many bears won't buy unless it's goes past 3220 on Huobi and I (again personally) can't see that happening.  

This will either be a small bear trap coming up...  or another sell off.  

[jonoiv]

LTC/BTC can't seem to keep up with this rally anymore.

not a good sign !

[freebit13]

LTC/BTC can't seem to keep up with this rally anymore.

Its very weird, I know the LTC rally is normally slightly delayed behind BTC but its gone down if anything since BTC started to rally.
 
Worried about sidechains? Or maybe with some of the other innovative alts, the fact that LTC only has a faster confirmation time doesn't really matter?

Hopefully people are finally realizing that simply copying bitcoin and making a couple of tweaks is not good enough... bitcoin will just adapt and change to make them irrelevant 

[dreamspark]

Poor old Billyjoel. Hope he wasnt short.

Even though Billy went super bearish im sure he is fine, this may have taken him by suprise and he would have made more money by not closing his long early and trading smaller ranges but he said numerous times that he only sold some as a hedge against his main stash which Im fairly sure is sizable, he will be rather happy that his net worth has rose significantly again.

Plus we're not out of the woods yet all it takes is some bad news and we can go shooting down again.

[chessnut]

LTC/BTC can't seem to keep up with this rally anymore.

not a good sign !

It's a very good sign!

BTC grows at BTC^3 while relatively LTC grows at a rate of LTC^2....... aka the network effect. when BTC is in a genuine bull run, it will grow faster than LTC.

[rudrigorc2]

Have you bought some BTC's already?

I have been doubling my BTC holdings every day since December. 

I LOLD hard.

[aminorex]

LTC/BTC can't seem to keep up with this rally anymore.

Its very weird, I know the LTC rally is normally slightly delayed behind BTC but its gone down if anything since BTC started to rally.
 
Worried about sidechains? Or maybe with some of the other innovative alts, the fact that LTC only has a faster confirmation time doesn't really matter?

The real differentiator for LTC was always scrypt ASIC resistance.  Now that is utterly gone.  

Possibly the proliferation of scrypt ASICs is damaging LTC.  

Possibly the blackcoin pool is damaging LTC.  After all, BC is catching a lot of GPU miners, and the goal and purpose of the pool is to destroy competitor's value.

[Zule]

LOL dat freefall

[TERA]

Who woke up karhu.

[chessnut]

needs to sell 1.3k BTC to pass 485 on stamp.

[p0peji]

needs to sell 1.3k BTC to pass 485 on stamp.

You know how quickly buy orders can be pulled right? You have been paying attention during the last dump?

[JorgeStolfi]

In spite of what the CNBC article says, there has not been, to my knowledge, any denial by PBoC of the Caixin article.  Bobby Lee did not say that (did he?).  If there had been such a denial, it would be in block letters all over the place.  I found no new announcements on the Huobi and OKCoin websites. (Are there any?)

On the contrary, it seems that all major Chinese exchanges except BTC-China have had at least one bank account closed to client deposits, and they remain closed.  However Huobi and OKCoin still have accounts on other banks that (according to the exchanges) have not yet received any orders in this regard.

One of the two banks used by Huobi that did block client deposits has set an April 18 deadline for blocking withdrawals too. So the only part of the Caixin report that was proved wrong, so far, was the date of the final deadline (which Caixin reported as April 15).

The market may be assuming that the bank situation will not get any worse.  If that is the case, all exchanges should be able to function normally.  (As long as they have one bank account open for deposit, the closure of other accounts should not make much difference, should it?)

We'll see.

[p0peji]

If only I followed by own projections of tops that I made, sometimes weeks in advance, I'd make so much profit, but I'm too chicken to sell into a btc rally. Last year's green candles will never be out of my mind.

Well if you dont do it I will, closing longs and shorting at 500$.

[podyx]

[mmitech]

LTC/BTC can't seem to keep up with this rally anymore.

Its very weird, I know the LTC rally is normally slightly delayed behind BTC but its gone down if anything since BTC started to rally.
 
Worried about sidechains? Or maybe with some of the other innovative alts, the fact that LTC only has a faster confirmation time doesn't really matter?

The real differentiator for LTC was always scrypt ASIC resistance.  Now that is utterly gone.  

Possibly the proliferation of scrypt ASICs is damaging LTC.  

Possibly the blackcoin pool is damaging LTC.  After all, BC is catching a lot of GPU miners, and the goal and purpose of the pool is to destroy competitor's value.

investors doesn't give a shit about the mining algorithm or about block re-target and BTW ASICs are only good for the network security, Litecoin is the most successful and original alt and IMO investors are looking at it as an alternative market that can take off soon.