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Quote from: masterofmyself on July 09, 2015, 08:34:35 pmIMO - and I think it is at least an educated one - LTC is moving up for two reasons. Recently, the block reward halved, and I think we are seeing that knowledge post facto being priced into the market. I also think the lack of an answer to the block size debate in BTC is causing some capital flight into LTC until the BTC stuff gets worked out. It seems almost like a threat - "If you guys don't figure out this mess, we'll just switch to a new coin." It's beautiful, and I love it! BTC must submit to consumer demand!that sounds like a very thoughtful, logical explanation for the LTC rally. i wouldn't be surprised if some of the demand comes through that channel, but i don't imagine that many traders to be so thoughtful!
IMO - and I think it is at least an educated one - LTC is moving up for two reasons. Recently, the block reward halved, and I think we are seeing that knowledge post facto being priced into the market. I also think the lack of an answer to the block size debate in BTC is causing some capital flight into LTC until the BTC stuff gets worked out. It seems almost like a threat - "If you guys don't figure out this mess, we'll just switch to a new coin." It's beautiful, and I love it! BTC must submit to consumer demand!
Quote from: jsidhu on July 10, 2015, 10:39:06 pmi'll wait until its under a dollar.Ouch. Yeah, dumps are brutal arent they. They continue until well past everyone's 'buy the dip' target, until after months of pain, they get enough bagholders to give up so the whales are fully loaded again.
i'll wait until its under a dollar.
Quote from: Ander on July 10, 2015, 10:11:01 pmNow its going up again?nah its done.
Now its going up again?
LTC down more than 50% in less than 12 hours.
Now theyre pumping Dash,
this summer
You own the network, but who pays for development?
MLM crypto schemes?
and LTC has the same volume as BTC right now !
Quote from: cylonmaker2053 on July 09, 2015, 09:03:54 pmQuote from: Ander on July 09, 2015, 08:41:14 pmTime to hit up litecoin faucets and then dump them for BTS. lol. Except than even up 400%, faucets are still a complete waste of time.what do you mean by 'faucets'? like blockshares or shapeshift.io?I mean stuff like these. (And these are the least worthless ones!)LTC:http://moonliteco.in/?ref=04212f5ec4d8BTC:http://bitcoinker.com/faucet?ref=07a233f2a083http://bitcoinzebra.com/?ref=e296364bcccehttp://moonbit.co.in/?ref=4ee2143afd79http://freebitco.in/?r=1110390DOGE:http://freedoge.co.in/?r=196140http://moondoge.co.in/?ref=16b39ab7ad9dThey're a waste of time, but sometimes if youre angry about some other coin going up while BTS is so low, its a way to get some so you can dump it and get a few BTS.
Quote from: Ander on July 09, 2015, 08:41:14 pmTime to hit up litecoin faucets and then dump them for BTS. lol. Except than even up 400%, faucets are still a complete waste of time.what do you mean by 'faucets'? like blockshares or shapeshift.io?
Time to hit up litecoin faucets and then dump them for BTS. lol. Except than even up 400%, faucets are still a complete waste of time.
Quote from: OldMan on July 09, 2015, 02:52:36 pmThere seems to be an extraordinary and coordinated effort to keep BTC from taking off on the next bull run.I have no data to back this up, just many years watching the markets and lately many hours watch the BTC charts.It seems eerily similar to the gold and silver markets.China is crashing terribly, Greece just defaulted, the EU is in shambles, risk is spiking everywhere. And yet safe-haven/risk off assets such as gold and silver are getting slammed. It makes absolutely no sense - unless you're pulling the levers and keeping the crowd in equities by making the alternatives seem worse.I think LTC is the canary in the coal mine. There has been much heavier investment by the big boys in BTC, and they have proportionally more control over the asset. LTC and most other alts I think have been marginalized, so when one goes on a run there's not much the big boys can do about it.As I've said for the past 18 months or so, the big boys are keeping BTC down and steady until they can open the ETF pipeline. At that point, mark my words, we will watch billions, yes billions, flow into BTC very, very quickly. I would say (and have said) BTC will hit $10-50k within six months of the ETF going live. It is going to be insane.interesting...BTC volume is about 3x what i remember it to be a couple months ago, so there's definitely something going on.
There seems to be an extraordinary and coordinated effort to keep BTC from taking off on the next bull run.I have no data to back this up, just many years watching the markets and lately many hours watch the BTC charts.It seems eerily similar to the gold and silver markets.China is crashing terribly, Greece just defaulted, the EU is in shambles, risk is spiking everywhere. And yet safe-haven/risk off assets such as gold and silver are getting slammed. It makes absolutely no sense - unless you're pulling the levers and keeping the crowd in equities by making the alternatives seem worse.I think LTC is the canary in the coal mine. There has been much heavier investment by the big boys in BTC, and they have proportionally more control over the asset. LTC and most other alts I think have been marginalized, so when one goes on a run there's not much the big boys can do about it.As I've said for the past 18 months or so, the big boys are keeping BTC down and steady until they can open the ETF pipeline. At that point, mark my words, we will watch billions, yes billions, flow into BTC very, very quickly. I would say (and have said) BTC will hit $10-50k within six months of the ETF going live. It is going to be insane.
There seems to be an extraordinary and coordinated effort to keep BTC from taking off on the next bull run.I have no data to back this up, just many years watching the markets and lately many hours watch the BTC charts.It seems eerily similar to the gold and silver markets.China is crashing terribly, Greece just defaulted, the EU is in shambles, risk is spiking everywhere. And yet safe-haven/risk off assets such as gold and silver are getting slammed. It makes absolutely no sense - unless you're pulling the levers and keeping the crowd in equities by making the alternatives seem worse.I think LTC is the canary in the coal mine. There has been much heavier investment by the big boys in BTC, and they have proportionally more control over the asset. LTC and most other alts I think have been marginalized, so when one goes on a run there's not much the big boys can do about it.
Yes, click on the 1w time interval: https://bitcoinwisdom.com/markets/btce/ltcusd
Quote from: CLains on July 08, 2015, 10:36:54 pmQuote from: Method-X on July 08, 2015, 05:02:43 pmEither markets are completely irrational or..was that LTC last year?
Quote from: Method-X on July 08, 2015, 05:02:43 pmEither markets are completely irrational or..
Either markets are completely irrational or..
Litecoin is still considered the next crypto-currency should Bitcoin run into problems and is also coming up to a block reward halving which could significantly reduce selling pressure. Combined I wouldn't be surprised to see the LiteCoin rally continue strongly. Capital controls this weekend possibly for Greece could be good for all crypto too if it actually happens this time.
I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off. In terms of percentage gains LTC & DGC could be the big winners, followed by NXT & possibly PPC etc, then Bitcoin itself. The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.
you are now left with the frustrating situation where vastly inferior blockchains will rise rapidly in value when centralised currencies have problems despite having almost no development and being extremely costly while BitShares, who is literally blowing them away from a development standpoint and cost comparison has to get it's valuation up the hard way through blood, sweat and tears.
Quote from: D4vegee on July 08, 2015, 05:57:11 pmWhat goes up. Must come down. This is blatant manipulation by some Chinese group making even more $$$ as a spin off from the Chinese stock 'crash'. I'd be very nervous now if i were buying LTC.yeah i've actually been happy to trade some of my LTC for BTS over the last week. I'm a fan of gradually unwinding positions on the way up; problem is that i tend to miss the big 10x-100x moves that way!
What goes up. Must come down. This is blatant manipulation by some Chinese group making even more $$$ as a spin off from the Chinese stock 'crash'. I'd be very nervous now if i were buying LTC.
It's Goldman playing the markets with their experimental trading strategy. So far it's yielded 500% returns for them. I understand he is working with approximately 10,000 BTC and gets paid peanuts.Upper management is considering promoting him to handle NYSE trades.