Bitcoin scaling: Looks like all roads lead to LTC - page 4.

dwgscale11

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Quote from: dwgscale11 on April 07, 2017, 09:16:24 AM

Quote from: iamnotback on April 06, 2017, 04:10:46 PM

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

Quote from: iamnotback on April 06, 2017, 04:09:22 PM

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.

cellard

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Quote from: buwaytress on April 07, 2017, 04:21:38 AM

Quote from: BillyBobZorton on April 06, 2017, 11:33:16 AM

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

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Quote from: iamnotback on April 06, 2017, 04:10:46 PM

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

Quote from: iamnotback on April 06, 2017, 04:09:22 PM

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.

buwaytress

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Quote from: BillyBobZorton on April 06, 2017, 11:33:16 AM

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!

piloder

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Quote from: thejaytiesto on April 06, 2017, 07:21:32 AM

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.

iamnotback

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Who else is tired of this shit?

iamnotback

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

Quote from: iamnotback on April 06, 2017, 04:09:22 PM

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.

cpfreeplz

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Apparently litecoin miners/users are a hell of a lot more of a community (not) divided than bitcoins. That's the shitty when you get big, there are too many assholes that have terrible opinions that sway people into believing your crap.

I have a few Litecoins and I'm happy with where they're going. I've over doubled my money in what, maybe a week? That's great in my books.

taxmanmt5

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Quote from: Xester on April 06, 2017, 08:41:07 AM

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.

monsanto

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..like bright metal on a sullen ground.

Quote from: thejaytiesto on April 05, 2017, 09:41:56 AM

So the second best outcome looks like BTC should remain immutable hodl coin used as gold, while LTC is a more malleable with actual possible agreements thanks to its 75% activation threshold which is about to deliver us segwit without any clusterfucks and internal war, which means LN would kick in in full force, which means LTC would be used as a coin for minor transactions while BTC remains the gold of crypto.

Discuss.

It's pretty funny how contentious every little change is with the sides in the bitcoin debate, and there over in the corner is neglected LTC pretty much asking for devs to come and screw around with it. It makes a real good argument about why LTC was/is good to have around in the first place. Although if LTC gets popular enough I'm sure we'll eventually run into the same situation as BTC.. with LTC factions fighting for power .. and then everyone will be left with the unthinkable option... doge Tongue

BrewMaster

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Quote from: thejaytiesto on April 06, 2017, 07:21:32 AM

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.

it has always been like this, specially in a big market such as litecoin. people have short term positions in their mind and market is filled with weak hands.
the 0.01134BTC got here so fast and it is always a good idea to dump in times like this to buy back the dip if you are one of the short term traders and when you do, many will follow! you actually see the same pattern of a big dump then buy back up every couple of hours.

Quote

Also notice how the segwit page was lagging because it was filled with people pressing F5.

this was so funny Cheesy

iamnotback

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Probably my last post on LTC:

Quote from: iamnotback on April 06, 2017, 10:39:58 AM

Quote from: WarrEagle on April 06, 2017, 08:37:22 AM

^^ Do you watch buy support? It's been building from a low of 1600 this morning to over 2100 BTC now

Thanks I didn't and I should have. I'm not a professional trader. Otherwise I wouldn't have chickened out and sold. My acumen is on analysis of the technology, economics, and game theory. Also I am reasonably good at identify the major trends.

Any way, I re-entered LTC when it moved back above the bottom of the wedge. I am in a solid HODL stance now. I will stop looking at the chart. I will not trade it any more. To $50 or bust.

Quote from: iamnotback on April 06, 2017, 10:42:46 AM

I posit a reason that Bitmain's surrogate pools will stop blocking SegWit on Litecoin soon.

If you read the entire linked thread, you will catch up on a lot of the details as to why I am nearly certain Bitcoin is going to remain small blocks and never get scaling.

Quote from: RAJSALLIN on April 06, 2017, 07:57:58 AM

Quote from: iamnotback on April 05, 2017, 08:39:12 PM

as Satoshi (aka Nash) intended its equilibrium game theory to be a clusterfuck of politics insuring the immutability of the protocol which is what gives Bitcoin its trust and value.

What did I miss?

Nash?

I can't continue providing links to every thing I write all over the place. But one more time, go read this thread and also this post.

BillyBobZorton

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Quote from: naughty1 on April 06, 2017, 08:51:54 AM

BTC has failed completely with the segwit idea, because it needs a very high rate. However, bitcoin is a very strong currency, so it has grown freely and does not rely on segwit. LTC is different from bitcoin, it is much weaker, although it has been around for a long time, but it has no impact on the market. To improve this, segwit is a good idea, it needs to be done, and the rate given is very reasonable, this can absolutely happen, so investing in LTC now is clever optional. I wait for a nice result from LTC.

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.

naughty1

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BTC has failed completely with the segwit idea, because it needs a very high rate. However, bitcoin is a very strong currency, so it has grown freely and does not rely on segwit. LTC is different from bitcoin, it is much weaker, although it has been around for a long time, but it has no impact on the market. To improve this, segwit is a good idea, it needs to be done, and the rate given is very reasonable, this can absolutely happen, so investing in LTC now is clever optional. I wait for a nice result from LTC.

carlfebz2

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Quote from: iamnotback on April 06, 2017, 06:11:37 AM

Quote from: iamnotback on April 06, 2017, 05:21:03 AM

Please tell me how is LTC not about to have a massive breakout to the upside (or to the downside?) within 6 hours or less?

Odds are better than 50% for a upside breakout but can even be a false downside with a pullback to the upside:

http://thepatternsite.com/st.html

I sold my LTC. It broke down out of the symmetric wedge. Now we have to see if it is a false breakdown with a pullback. Otherwise it is headed back to 0.0075 or below. The market apparently is very doubtful, so maybe we have to pullback and reload.

Most of the case if we saw this pattern (wedge) it does breakout but mostly in forex market it do bullish breakout which means it can possible happen here on LTC but we still cant be assure on which way it would go either bulling or bearish.I have sold my LTC a long time ago and didnt expect that it would happen to increase its price as of these days.

Xester

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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.

Qartada

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Quote from: gentlemand on April 06, 2017, 06:19:04 AM

Quote from: crazyivan on April 06, 2017, 04:30:27 AM

Seeing how smooth stuff goes with LTC and well LTC price reacts to Segwit, I d expect this to increase possibility of BTC taking the same path.

I m sure BTC price will react to this the same way, should this take place.

We now know why Bitmain doesn't like Segwit. They control so much mining power that unless they're appeased or somehow removed then Segwit activation is a cast iron impossibility.

While they control a huge amount of mining power, they're really not strong enough to prevent a consensus if SegWit has overwhelming public support. One hash = one vote, but you have to vote for something which is economically viable, and I'm sure Bitmain know that as much as anyone else. If LTC's SegWit goes through, it'll result in more public support --> potentially Bitmain's grudged support.

buwaytress

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Now that you've put it that way... I do consider BTC my hodl coin. I stash whatever earnings I make in BTC, exchange unwanted alts into BTC, and for payments or transfers I use Doge (don't laugh, at a measly 1 doge fee for virtually instant transacts in a popular alt many people accept) mainly but would not put LTC and ETH out of consideration for the same reasons.

thejaytiesto

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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.

We have a bunch of idiots reacting to block variance thinking it's going up/down because they don't understand block variance so those small variances in the segwit % may also have an impact in market psychology.

Also notice how the segwit page was lagging because it was filled with people pressing F5.

gentlemand

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Quote from: crazyivan on April 06, 2017, 04:30:27 AM

Seeing how smooth stuff goes with LTC and well LTC price reacts to Segwit, I d expect this to increase possibility of BTC taking the same path.

I m sure BTC price will react to this the same way, should this take place.

We now know why Bitmain doesn't like Segwit. They control so much mining power that unless they're appeased or somehow removed then Segwit activation is a cast iron impossibility.

Topic: Bitcoin scaling: Looks like all roads lead to LTC - page 4. (Read 6636 times)