Bitcoin scaling: Looks like all roads lead to LTC

[piloder]

That was a hell of a dip. Considering peak was 0.01134000 I got back in at a 0.0098 which may be optimistic since we may stagnate for a while on that 68% range.

Still got 50% of the remaining BTCs that im using to play with LTC hoping for a deeper dip, if it doesn't happen then oh well. As of right now its bouncing back up from that 96 ish resistance testing 0.001 again.

I am also doing same but sadly price drop below 0.009 yesterday just after some of my buy orders got filled at 0.0097BTC. But i have left that long position open for whole night and feeling quite positive about the current movement. LTC may soon test 0.01BTC or even around 0.012BTC by tonight. I will close this long position at 0.012BTC.

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[buwaytress]

The key is knowing if this is a fake pullback or an actual breakout is about to happen. I would like to buy a big chunk if it goes back down but nobody can know what's next.

That's key but only if you're a short-term trader. However, if you've already sold for profit-taking now, then you're like most of us: just waiting to get another chunk when it goes back down. To hold for another longview price rise. If it does breakout, then that's difficult to say what to do about!

[dwgscale11]

One last post on LTC, then I have nothing more to say about this piece-of-shit:

Lol, the Chinaman is manipulating the hell out of this. And they've been reading me because you know how many numerous times I used "tail doesn't wag the dog" in my recent thread about how I am going to end PoW mining. No one else has been using that phrase in our ecosystem lately. So I think I got their attention. Look at Charlie Lee's statement:

https://twitter.com/SatoshiLite/status/850058511199248384

I'm not selling. They are clearly playing a game to shake the trees of weak hands.

And they've been monitoring my posts, because they clearly saw me as a leader in their pump.

So from now on, you might want to do the opposite of what ever I write, because I might be writing BS just to confuse them.

But I will say this, PoW must die. Soon. Didn't I just say I would write BS.

Boy did your opinion change quickly.  No longer a LTC fan? I think LTC is still great for the reasons you posted days ago.

[cellard]

The key is knowing if this is a fake pullback or an actual breakout is about to happen. I would like to buy a big chunk if it goes back down but nobody can know what's next.

That's key but only if you're a short-term trader. However, if you've already sold for profit-taking now, then you're like most of us: just waiting to get another chunk when it goes back down. To hold for another longview price rise. If it does breakout, then that's difficult to say what to do about!

How to know when it's the bottom before the next big rise?

0.0085 is the current price, with 0.0084 actually tested.

Is this a good time to buy a good chunk and wait for the next rise? No way to know.

Now people are scared that Wang will throw one of those tweets at any moment again.

[dwgscale11]

One last post on LTC, then I have nothing more to say about this piece-of-shit:

Lol, the Chinaman is manipulating the hell out of this. And they've been reading me because you know how many numerous times I used "tail doesn't wag the dog" in my recent thread about how I am going to end PoW mining. No one else has been using that phrase in our ecosystem lately. So I think I got their attention. Look at Charlie Lee's statement:

https://twitter.com/SatoshiLite/status/850058511199248384

I'm not selling. They are clearly playing a game to shake the trees of weak hands.

And they've been monitoring my posts, because they clearly saw me as a leader in their pump.

So from now on, you might want to do the opposite of what ever I write, because I might be writing BS just to confuse them.

But I will say this, PoW must die. Soon. Didn't I just say I would write BS.

Boy did your opinion change quickly.  No longer a LTC fan? I think LTC is still great for the reasons you posted days ago.

Also, what is stopping BTC from doing a UASF at some point?  You said Bitcoin will NEVER get segwit... but it's possible.

[JeffBrad12]

The key is knowing if this is a fake pullback or an actual breakout is about to happen. I would like to buy a big chunk if it goes back down but nobody can know what's next.

That's key but only if you're a short-term trader. However, if you've already sold for profit-taking now, then you're like most of us: just waiting to get another chunk when it goes back down. To hold for another longview price rise. If it does breakout, then that's difficult to say what to do about!

How to know when it's the bottom before the next big rise?

0.0085 is the current price, with 0.0084 actually tested.

Is this a good time to buy a good chunk and wait for the next rise? No way to know.

Now people are scared that Wang will throw one of those tweets at any moment again.

At least if the Wang Chun finished to troll us about the SegWit signalling on the litecoin.

More people are panic caused by wang's tweet.

Wang Chun is a childish trolling right now, but, his tweet gives massive impacts for the litecoin market and that's really sad. WTF LTC is dying right now caused by Wang Chun.

[numismatist]

At least if the Wang Chun finished to troll us about the SegWit signalling on the litecoin.

More people are panic caused by wang's tweet.

Wang Chun is a childish trolling right now, but, his tweet gives massive impacts for the litecoin market and that's really sad. WTF LTC is dying right now caused by Wang Chun.

Neither twitter nor bitcointalk are any good advisory for hasty tradings. On most of the pumpgroup twitter activities your best bet even is trading the opposite direction of their anouncement.

[BrewMaster]

At least if the Wang Chun finished to troll us about the SegWit signalling on the litecoin.

More people are panic caused by wang's tweet.

Wang Chun is a childish trolling right now, but, his tweet gives massive impacts for the litecoin market and that's really sad. WTF LTC is dying right now caused by Wang Chun.

Neither twitter nor bitcointalk are any good advisory for hasty tradings. On most of the pumpgroup twitter activities your best bet even is trading the opposite direction of their anouncement.

the only thing you ever going to need for trading is what you see on the charts. these groups and what they say is always noise.
news however is good to keep a lookout for.

At least if the Wang Chun finished to troll us about the SegWit signalling on the litecoin.

More people are panic caused by wang's tweet.

Wang Chun is a childish trolling right now, but, his tweet gives massive impacts for the litecoin market and that's really sad. WTF LTC is dying right now caused by Wang Chun.

these dips in altcoin prices are always because of bitcoin price rise and there is no surprise there since bitcoin went up to $1195 today!
and as you can see the couple of minutes ago BTC dip to 1180ish caused a LTC price hike.

[classicsucks]

Last time I checked on Litecoin development a year ago, it had stagnated and Charlie Lee was selling bitcoin memorabilia here on the forum. Segwit certainly gave the team some code to merge, but price and volume-wise Litecoin was DEAD. I'm glad Segfault has given LTC a reason to pump, but I wasn't around for it, and I won't be around for the dump. Segfault may activate on Litecoin, it won't matter much in the long-term. Anyone buying LTC right now, I've got a bridge to sell you...

Personally I hope Segwit does activate on Litecoin, so all of the subtle bugs in Segwit can be found. Then we can do a post-mortem and find the total technical debt it has caused, without killing Bitcoin...

[BitcoinNewsMagazine]

Everyone wants Coinbase to add litecoin trading might be in for a surprise. When GDAX started trading Ether last year price dropped 70% in seven months.

[~Bitcoin~]

Personally I hope Segwit does activate on Litecoin, so all of the subtle bugs in Segwit can be found. Then we can do a post-mortem and find the total technical debt it has caused, without killing Bitcoin...

However the bugs that may not be found with litecoin after segwit activation can still be found in bitcoin because both are based in different consensus Algo and have different daily transaction volume and number of active nodes.

Support for segwit is still struggling to pass 70%.

[talkbitcoin]

Personally I hope Segwit does activate on Litecoin, so all of the subtle bugs in Segwit can be found. Then we can do a post-mortem and find the total technical debt it has caused, without killing Bitcoin...

However the bugs that may not be found with litecoin after segwit activation can still be found in bitcoin because both are based in different consensus Algo and have different daily transaction volume and number of active nodes.

Support for segwit is still struggling to pass 70%.

there is always going to be bugs in every code out that is made and no matter how much you try they will persist. bitcoin had many of them from the start and they were found in early days and fixed hopefully nothing too bad that i am aware of.

and i think litecoin (if activates SegWit) will clarify a lot of things. and litecoin has a lot of transactions too, it is not as small as you think and that much is enough to show how things would work.

[Xester]

Oh my I should have read this topic weeks before the actual pump on LTC has occurred. I have been regretting my decision on not buying ltc when it was just at 500k sats and actually purchased LTC on the last hour when it finally hits 1 million satoshi or 0.01 btc. But anyway I hope the LTC bubble will continue and I can get profit from it.

LTC price is quite high now and people are now in confusion if this is still the right time to buy LTC  or they are late. I can see it can go as high as upto 0.03 to 0.05 in a period of 6 months. Of course there will be dump in between which should not to be afraid of.

I was caught up in the dump and I panicked and so I sold my LTC to bitcoins in a much lower value and that is why I end up losing my capital. Litecoin is hard to analyze compared to ethereum and dash which has many different signs so we can predict if it goes down or high in value. I guess I will not invest in LTC anymore it is very troublesome since I guess I am too late in investing at this moment.

[aardvark15]

Oh my I should have read this topic weeks before the actual pump on LTC has occurred. I have been regretting my decision on not buying ltc when it was just at 500k sats and actually purchased LTC on the last hour when it finally hits 1 million satoshi or 0.01 btc. But anyway I hope the LTC bubble will continue and I can get profit from it.

LTC price is quite high now and people are now in confusion if this is still the right time to buy LTC  or they are late. I can see it can go as high as upto 0.03 to 0.05 in a period of 6 months. Of course there will be dump in between which should not to be afraid of.

I was caught up in the dump and I panicked and so I sold my LTC to bitcoins in a much lower value and that is why I end up losing my capital. Litecoin is hard to analyze compared to ethereum and dash which has many different signs so we can predict if it goes down or high in value. I guess I will not invest in LTC anymore it is very troublesome since I guess I am too late in investing at this moment.

I gave up on Litecoin a couple of years ago but I still have a few. It has underperformed as compared to Etherium and Dash. I hope it can get back to being a valuable altcoin.

[iamnotback]

One transgression.

My vindication always comes later. Such as when I warned about the centralization of mining in China last year and was told I was crying chicken little. Then I was correct and everyone admits it now.

I have a vindication coming soon on a recent altcoin analysis I made.  

Nash designed Bitcoin so that it would be replaced or competed with.

BW.com is considering the support for SegWit (~8% hashpower)
https://twitter.com/www_bw_com/status/850147251972329472

Chandler Gao (co-founder or investor of BW) tweets support of Segwit on Litecoin https://twitter.com/ChandlerGuo/status/850141884425027585

Prohashing (currently 1.4% of hash power) says they can get up to 6% redirected to Litecoin and signal SegWit with it.

Clever mining (1.2% of hash) is signalling segwit.

Litecoin will be coming to OpenBazzar soon.
https://twitter.com/SatoshiLite/status/849828707065671680

Litecoin is being added to Coinbase.
https://status.coinbase.com/

[cpfreeplz]

Oh my I should have read this topic weeks before the actual pump on LTC has occurred. I have been regretting my decision on not buying ltc when it was just at 500k sats and actually purchased LTC on the last hour when it finally hits 1 million satoshi or 0.01 btc. But anyway I hope the LTC bubble will continue and I can get profit from it.

LTC price is quite high now and people are now in confusion if this is still the right time to buy LTC  or they are late. I can see it can go as high as upto 0.03 to 0.05 in a period of 6 months. Of course there will be dump in between which should not to be afraid of.

I was caught up in the dump and I panicked and so I sold my LTC to bitcoins in a much lower value and that is why I end up losing my capital. Litecoin is hard to analyze compared to ethereum and dash which has many different signs so we can predict if it goes down or high in value. I guess I will not invest in LTC anymore it is very troublesome since I guess I am too late in investing at this moment.

Wtf are you talking about lol. If you lost some money you didn't lose everything so stop acting like you did. And what dump lol? Bitcoins are getting back to their ATH and litecoins are doing amazing. I don't understand a clue what the hell you're talking about.

[SONG GEET]

I was caught up in the dump and I panicked and so I sold my LTC to bitcoins in a much lower value and that is why I end up losing my capital.

Panic is the worst feeling you will ever have during trading, i also got trapped in this dump but i have few extra bitcoin out of orders. So that my long position doesn't got liquidated even after that big dump. I will now wait for price to pump over 0.01BTC atleast to close my long position.

Don't panic brother, that was correction on LTC not dump. 

[iamnotback]

@Xester, Charlie Lee was manipulating the price on his Twitter with his Chinese pool owner cohorts.

You need to know what you are doing. You don't sell when they are obviously BShitting.

I'm sorry to hear you lost. But let it be a lesson to you that don't speculate in what you don't understand. I warned that LTC would be very volatile with many shenanigans.

If you re-enter, then make sure you understand your risk tolerance. I was prepared to ride it all the way back down to $7 with strong hands, because I have strong conviction about LTC to $50 (and BTC to $2000 then LTC to $100).

[Coinster]

I gave up on Litecoin a couple of years ago but I still have a few. It has underperformed as compared to Etherium and Dash. I hope it can get back to being a valuable altcoin.

DASH appears to be a coin held in the hands of a few. If they don't sell yet continue marketing the price rises. Number of transactions don't match the price. Litecoin is probably the fairest and most widely spread coin due to how it launched. Also currencies are different than stocks. Stability is what is desirable in the long term.

[iamnotback]

We will eventually get segwit in bitcoin with UASF. What part of this you don't understand?

The crab bucket mentality game theory insures you will not.

What part of game theory can't you understand.