Author Topic: Why is Litecoin going insane?  (Read 18253 times)

0 Members and 1 Guest are viewing this topic.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Now THAT is a dumping :D

I know exactly why I do not day-trade ..

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Down goes the litecoin. 

As soon as BTC finally starts moving up. 



Hopefully we ill see a reversal in which coinds are going up.  BTS and BTC up, stupid coins with no future down. :P  Instead of the reverse.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander

MLM crypto schemes?

They are supported by ads and gambling I think. :P
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
and LTC has the same volume as BTC right now !  :o


i know, cuh-razy!!!

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
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.

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=04212f5ec4d8
BTC:
http://bitcoinker.com/faucet?ref=07a233f2a083
http://bitcoinzebra.com/?ref=e296364bccce
http://moonbit.co.in/?ref=4ee2143afd79
http://freebitco.in/?r=1110390
DOGE:
http://freedoge.co.in/?r=196140
http://moondoge.co.in/?ref=16b39ab7ad9d


They'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. :P

MLM crypto schemes?

Offline liondani

  • Hero Member
  • *****
  • Posts: 3737
  • Inch by inch, play by play
    • View Profile
    • My detailed info
  • BitShares: liondani
  • GitHub: liondani
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.

interesting...

BTC volume is about 3x what i remember it to be a couple months ago, so there's definitely something going on.

and LTC has the same volume as BTC right now !  :o

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
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.

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=04212f5ec4d8
BTC:
http://bitcoinker.com/faucet?ref=07a233f2a083
http://bitcoinzebra.com/?ref=e296364bccce
http://moonbit.co.in/?ref=4ee2143afd79
http://freebitco.in/?r=1110390
DOGE:
http://freedoge.co.in/?r=196140
http://moondoge.co.in/?ref=16b39ab7ad9d


They'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. :P
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
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!

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!

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
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.

what do you mean by 'faucets'? like blockshares or shapeshift.io?

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
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.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline masterofmyself

  • Jr. Member
  • **
  • Posts: 46
    • View Profile
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!

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
how would a market manipulator be able to suppress BTC price? i get it in the gold and silver markets it's possible to write contacts on physical and sell those contracts as if they were physical, but what equivalent mechanism exists in crypto? crypto derivatives are still way too immature to do that.

Offline Empirical1.2

  • Hero Member
  • *****
  • Posts: 1366
    • View Profile
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.


I've had similar thoughts myself and it would certainly make sense to strategically suppress BTC much the same way as is done with gold and silver during a crisis & they may indeed have much less control over LTC. Unfortunately I don't have any evidence to back that up.

I've even speculated (incredibly unlikely) that if China viewed the rise of crypto-currency as inevitable that they would let the West corner BTC while they cornered LTC. Then when they unleash LTC the West either loses by giving up the BTC suppression game or loses market leader position to LTC which the West have no controlling stake & dominant partnerships in.   (It's far more likely though that China would prefer to limit the use of crypto-currency in general though.)
« Last Edit: July 09, 2015, 03:14:43 pm by Empirical1.2 »
If you want to take the island burn the boats

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
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.

interesting...

BTC volume is about 3x what i remember it to be a couple months ago, so there's definitely something going on.

Offline oldman

  • Hero Member
  • *****
  • Posts: 556
    • View Profile
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.