Topic: BTC doing good after this big dump - page 2. (Read 4349 times)

enough talk. when is ur coin coming out?

I just wonder how you will predict the higher levels of bitcoin so that you can start making profits ?
If you do not have any strong analysis to back up yourself then you will get regrets because sometimes a wrong decision will make to miss some good price rally of bitcoins. It would be good if you keep buying at dumps and I'm not suggesting to sell at random high.

As of today's rally, I believe bitcoin is going to get new ATH. Maybe by this weekend, we are going to see new peaks, get yourself ready.

I checked the bitcoin price now, It turned to 1246$. After last month dump bitcoin price is being increased and increasing day by day. I would like to say don't sell the bitcoin you have now. Simply hold that bitcoin till upcoming Christmas and you will see the price 2000$ for sure.

Anyone who sells Bitcoins just for the sake of profits is not a true holder in my view as that's one of the major reasons that I see which stops the growth of the price as everyone who bought before at some few lower point, let's say $1000 would sell back at $1200 and they would repeat it back every other time they get a chance, but this stops the recovery part and what we are doing here is, just playing with the price.

I think that is pretty common in the community of bitcoin and it is not a surprising characteristic of bitcoin even some newbie's would know that if they started in bitcoin in knowing that by switching to bitcoin because that kind of thing in bitcoin is the one that attracts them towards it, the pretty sure tough thing here in the community is if anyone is good at predicting the movement of bitcoin and the right decision that needs to take when the value would surely move in your speculated scenario! 

Yeah, almost, Whenever bitcoin is going to down, than its mean in the coming months, bitcoin would be increased. That's why i like bitcoin. Because when bitcoin price down, than i tell to anyone buy it and when bitcoin price going to up, than its mean it is time to sell bitcoin and make profit.   

Could we already say that this prediction was a failure?

The 19th of april came, and nothing happened. A day after, the price is in fact going up. $1219 bitstamp, $1273 bitfinex. So, those that sold on the 19th expecting a so called "scalepocalypse crash" lost money.

LTC hit 0.0083, now seems to be recovering with 0.0089. Im not holding any.

Sure, every coin that at some point will deal with the amount of usage that Bitcoin experiences, will suffer from the same difficulties - that's a fact. My point was basically; no matter how well Litecoin will function after certain implementations, that it's still up to the people to choose whether or not they will make use of it. People are mostly hype sensitive, and will likely prefer to follow the three afore mentioned coins rather than something that remains stagnant (in terms of its price) for quite a long time.

We actually had some bigger dump of bitcoin around the 14 april, there was a price drop of around 70-80$, which could trigger many people to bail out.
But it was not such a significant move, according to the bitcoin chart. We have seen many times much bigger moves, even like 200$ increases, or 100$ drops.

The price is still pretty stable, it has recovered all points lost previously, and I think we will stay much longer in the area of 1200 USD per one bitcoin.
I think that if we would see bitcoin price over 1300 dollars right now, that would have been simply an overvalued asset. Such a fast increase is not possible, without any price falls.

For others, a dive at around $50 is considered as big dump not considering that it can jump back again at that same level too. After the bitcoin price breached the $1,000 level, we noticed that the movement of price increase and decrease plays at the price $50 - $100 margin or even more. Meaning that the price movement will likely be common to play at that margin considering with the current price rate today.

Just don't be panic but embrace those price decrease as we not know where we can buy again bitcoin on a "sale price".

That's correct, and probably same like you I dont get the incident that OP is talking about, there was no big dump actually, at least I couldnt find any.
The post was made at 13 April, and there is actually some price decrease in the history, but it is the tiny difference, considering it is a bitcoin, and the price of it is one of the highest in the whole history.
Price was around the 1220$ level, when it got back to 1160-1170$, which is nothing special for me, because I have been into bigger downward surges than this one.

I still have faith in bitcoin, and im hope that most of the price drops are just temporary.

that is only true if you assume all the rest of the altcoins are in the same situation as bitcoin which none of them has ever been or even will be in the same situation.
and that situation is first of all a massive number of users, using these coins daily to transfer money for many purposes ranging from small like buying a cheap 5 bucks item to big transactions of millions of dollars worth.
and on top of that being under a constant 2+ years old spam attack on their network, an 8 year old media attack and lots more.

the usage that altcoins have consists of a very small portion of traders transferring coins to their wallets out of exchange and miners transferring coins to exchanges to sell.
in some rare cases like litecoin, Dogecoin and monero, there are some real world usages which means a small portion of transactions are spending it as money.

All of the rest of the coins will end up suffering from the same problems as BTC, so they will need second layer solutions. Lightning Network is the best second layer solution, and LTC is the closest coin to get it with developers easily moving there. XMR and DASH don't have LN and ETH's Raiden is not as good as LN.

Litecoin with or without whatever implementations - it will not change anything in how people use it. It's nothing more than a coin that gets boosted from time to time by whatever entity with certain intentions, that obviously going to play out in their advantage. Bitcoin needs to scale, that's something we all can see (aside from noobs just ignoring everything and play happy user). But the main problem is that pools are playing hard to get, and thus knowingly hold Bitcoin back from growing further. In that regard, it may take a serious amount of time before we are going to see any sort of upgrade in blocksize. Direct result of that is that people will *temporarily* look for cheaper and faster (in terms of confirmations) alternatives.

Litecoin is just one of the plenty of coins that people can choose from. If you ask the majority of the crypto nerds/enthusiasts what they will prefer when it comes to using certain altcoins as payment option, then it's either XMR, DASH or ETH.

It doesn't really matter in this case since there are other coins that can function perfectly fine in terms of being a payment option, that also happens to be a cheap (compared to Bitcoin) option to use. As I said, Litecoin is just one of the plenty of coins that people can choose from. If it is up to the majority of the people, they will give the preference to one of the three afore mentioned coins, so no matter what changes Litecoin goes through, it's up to the end user to decide whether or not he will use it.

This latest drop wasn't very big. I thought we would see the price drop lower possibly below $1000. Instead, the price dropped only into the upper $1100's and went back up.

Hoping for this segwit blocking of Jihan passes soon...thoughts?

What big dump exactly? There wasn't any huge or vwry important change in price, I would call it a smaller correction. That hasn't influenced the price big deal and the price has recovered and back to track very soon. This has also shown that Bitcoin is more stable and resistant then it was ever before.

well to be fair litecoin is neither a dead coin nor a good coin here to save us all.
it is somewhere in the middle.

we can't deny the fact that litecoin is the copy of bitcoin and it really offers nothing special apart from faster blocks at the cost of producing a much bigger number of orphaned blocks and a much bigger blockchain size which is also growing 4x faster than bitcoin blockchain size making it 4 timex harder to run LTC full nodes.

but also we can not deny the  fact that it has a good developers team. developers that unlike many other altcoins haven't just given up on their coin after all this time and are still developing (well mostly importing code from bitcoin and adopting it to litecoin but still working!)

activation of SegWit and LN will not make it replace bitcoin but it will help that coin to grow a little more.
and all the rest about price are just temporary noise to hype it up some more. and as we can see today that is a two sided blade and it cuts both ways. you keep hyping up the price and as some pool slyly stops signalling price tanks.

Well Bitcoin is really doing good recovering and getting stable at around $1900 - $1200.  I never had a doubt that Bitcoin will go lower thatn $ 800 when it dipped its price after several FUD and bad press.  I also hope that Bitcoin will continue to rise and rich its new ATH this coming month.

That is not like that.
It is not a strange thing that he said it is a dead coin, actually a really big part of cryptocurrency community thinks the same.
It is probably because we had some really weird things going on with LTC for some time, however the price become stable and pretty good for trading too, because it was fluctuating enough to harvest decent profits.

The overall fork situation on bitcoin, has revived the LTC, SegWit has given a lot of hype to it, which has attracted many of the btc users back to the LTC.
I think it is actually possible that LTC will still make its growth, and won't stop so quick.