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

[magicmexican]

LTC shorters about to be spanked?

[justusranvier]

If you're going to accurately compare Bitcoin and Litecoin, then look at the LTC/BTC exchange rate instead of comparing them both to USD, which is irrelevant to the comparison.

How is this so?

If you want to know if Litecoin was a better investment compared to Bitcoin, then look at that exchange rate.

Watching both of them move against the USD, and then trying to deduce from the two graphs which one moved faster is a process more prone to error compared to just looking at the relevant exchange rate.

The reason no Litecoiners don't display this chart is because it's not nearly as compelling:

http://cryptocoincharts.info/v2/pair/ltc/btc/btc-e/alltime

Litecoin started trading at 0.006 BTC and now, almost two years later, it's trading at... 0.008 BTC.

[adamstgBit]

will we have what we are looking for? will price ever reach 1000$ again?

price will need to find its footing again, we thought we had it and doubled from the low to 680

now longs have been squeezed, shorts are increasing price is tanking and everyone is questioning everything again

this will pass... we may or may not make a new low b4 this passes who knows.

i wouldn't be surprised to see another doubling from the low after the market has found its confidence again, after that hopefully the good news keeps flowing and more importantly new users, and we'll be on our way.

don't expect a smooth ride, and i would think the market would refuse to buy 1000$ bitcoin again untill theres some good news / more usage.

but good news / more usage seems to be what's coming, with things like COIN being listed on the us stock exchange, thats sure to make heads turn, and there are other things to look forward to... once it gets going, things should turn around pretty quickly...

If all this happens and we do reach 1000$ again it will most certainly not stop there, we'll probably do another 10x increase aka "bubble"

[adamstgBit]

thoughs?

anyone disagree with any of that?

[Wekkel]

thoughs?

anyone disagree with any of that?

Bitcoin, Litecoin and all other alts are like a sponge, a money-sponge. Getting worn out now, but will suck in fiat in the future. It will happen again, as it is inevitable....

[ChartBuddy]

Explanation

[adamstgBit]

will we have what we are looking for? will price ever reach 1000$ again?

price will need to find its footing again, we thought we had it and doubled from the low to 680

now longs have been squeezed, shorts are increasing price is tanking and everyone is questioning everything again

this will pass... we may or may not make a new low b4 this passes who knows.

i wouldn't be surprised to see another doubling from the low after the market has found its confidence again, after that hopefully the good news keeps flowing and more importantly new users, and we'll be on our way.

don't expect a smooth ride, and i would think the market would refuse to buy 1000$ bitcoin again untill theres some good news / more usage.

but good news / more usage seems to be what's coming, with things like COIN being listed on the us stock exchange, thats sure to make heads turn, and there are other things to look forward to... once it gets going, things should turn around pretty quickly...

If all this happens and we do reach 1000$ again it will most certainly not stop there, we'll probably do another 10x increase aka "bubble"

so no one disagrees on any of this?

[tarmi]

maybe shorters know something you dont.

[Schickeria]

will we have what we are looking for? will price ever reach 1000$ again?

price will need to find its footing again, we thought we had it and doubled from the low to 680

now longs have been squeezed, shorts are increasing price is tanking and everyone is questioning everything again

this will pass... we may or may not make a new low b4 this passes who knows.

i wouldn't be surprised to see another doubling from the low after the market has found its confidence again, after that hopefully the good news keeps flowing and more importantly new users, and we'll be on our way.

don't expect a smooth ride, and i would think the market would refuse to buy 1000$ bitcoin again untill theres some good news / more usage.

but good news / more usage seems to be what's coming, with things like COIN being listed on the us stock exchange, thats sure to make heads turn, and there are other things to look forward to... once it gets going, things should turn around pretty quickly...

If all this happens and we do reach 1000$ again it will most certainly not stop there, we'll probably do another 10x increase aka "bubble"

so no one disagrees on any of this?

This bear agrees.

But it will need time. I guess 2014 will be a year of consolidation.

[dnaleor]

voted 7...
Maybe a retest of 442 is possible. If we go below we will see capitaluation just below 400 USD I suppose (but we will not stay below 400 for more than 24 hours).

5000 by the end of the year is still possible

[stereotype]

This is Stellar!!! 

lol, people selling the Facebook details for a meagre 100 scam stellars

wtf dose that mean?

https://bitcointalk.org/index.php?topic=719019.0;topicseen

[adamstgBit]

This is Stellar!!! 

lol, people selling the Facebook details for a meagre 100 scam stellars

wtf dose that mean?

https://bitcointalk.org/index.php?topic=719019.0;topicseen

omg so they got people to link there FB and then sold it.

never buy any shitcoin guys not even for fun.

[Spaceman_Spiff]

If you're going to accurately compare Bitcoin and Litecoin, then look at the LTC/BTC exchange rate instead of comparing them both to USD, which is irrelevant to the comparison.

How is this so?

If you want to know if Litecoin was a better investment compared to Bitcoin, then look at that exchange rate.

Watching both of them move against the USD, and then trying to deduce from the two graphs which one moved faster is a process more prone to error compared to just looking at the relevant exchange rate.

The reason no Litecoiners don't display this chart is because it's not nearly as compelling:

http://cryptocoincharts.info/v2/pair/ltc/btc/btc-e/alltime

Litecoin started trading at 0.006 BTC and now, almost two years later, it's trading at... 0.008 BTC.

If you think about it, litecoin and pumpcoins in general help to smoothen out the BTC price curve, providing some extra price stability.  Long live litecoin !

[adamstgBit]

will we have what we are looking for? will price ever reach 1000$ again?

price will need to find its footing again, we thought we had it and doubled from the low to 680

now longs have been squeezed, shorts are increasing price is tanking and everyone is questioning everything again

this will pass... we may or may not make a new low b4 this passes who knows.

i wouldn't be surprised to see another doubling from the low after the market has found its confidence again, after that hopefully the good news keeps flowing and more importantly new users, and we'll be on our way.

don't expect a smooth ride, and i would think the market would refuse to buy 1000$ bitcoin again untill theres some good news / more usage.

but good news / more usage seems to be what's coming, with things like COIN being listed on the us stock exchange, thats sure to make heads turn, and there are other things to look forward to... once it gets going, things should turn around pretty quickly...

If all this happens and we do reach 1000$ again it will most certainly not stop there, we'll probably do another 10x increase aka "bubble"

so no one disagrees on any of this?

This bear agrees.

But it will need time. I guess 2014 will be a year of consolidation.

i think its closer than poeple realize

i'm hoping the irrational dumps stop and we roughly double from this low 440 to 880.
 

[findftp]

maybe shorters know something you dont.

Maybe they think they know something we know for sure it's not?

[adamstgBit]

maybe shorters know something you dont.

no one has a clue

people have plans

plans get fucked

everytime

just HODL

[tarmi]

yeap

choo choo

[2014Bubble]

Just wanted to apologize to everyone of you guys here...  

[findftp]

Ok, people, here we go again. Fasten seatbelts

[justusranvier]

just HODL

...off the exchange, so you can be sure you actually have the coins.