Topic: Calling a new rally in 8 or so hours now (Read 2754 times)

who is the current leader in the litecoin exchanges?

Yeah expect a big boom after the weekend.. I mean low increases over a weekend is to be expected as bitchickshusband pointed out.

Also underestimated how much cap all the alts have stolen from BTC! Its insane. Even junkcoin went 3000% in 24hrs...

Just watch Quark especially after China starts trading it. I'm thinking $1 before 2014

Speculation is slowly turning into BTCe's pumpbox.

Price tends to dip on the weekends, regardless of difficulty or anything else (not a bad theory though, I like it).  Because US banks don't send money on the weekends so there is less demand.

Bitcoin breaks all the rules.

Your prediction has failed mate, unfortunately. Come prepared with some R&D next time  

So your call was a fail. (i.e. rally in 12 hours) So what's next? Create a new account and start over again to try to make better out-of-your-ass calls?

Even if it were the case, difficulty is very predictable. So you can use it to great success so if you know the difficulty is going up price is going with it

Of course they are related, you just have it backwards . The higher the price goes the more is invested in mining and difficulty goes up.

Gentlemen (and ladies). The main reason, other than booming demand and popularity (as we are all *well* aware of   ), that I suspect the price will increase as I have outlined is mainly based on the speculation of a correlation between price and mining difficulty.

I have seen this correlation made before on the forums, but if you look at all three of the major rallies/peaks and subsequent crashes over the past month, they line up nigh on exactly with the difficulty increase, and there is also a relationship between the reduction in the mining network total hashrate and the 900-500 correction (in other words, if you see a big drop in the network hashrate, get out or move to an altcoin for a day or two). I poured over the graphs, studying, analysing and overlaying for hours and lately it has proved to be a great indicator for the price increases and times to buy

To some of you this relation may be indeed old hat. Also I have seen on this forum people saying the two are not related. I have found it to be the case. Take it with a grain of salt.

The thing is BTC and all cryptos, I have found, follow rather predictable patterns (I have found so far). I also believe that FTC is about to undergo a massive increase in the next 4-5 days akin to what we saw in LTC recently (akin to LTC @ 10 currently; but that's not to say i think FTC will get to $4...). Even though I hate FTC and I, so far from what I've seen, I think it's a scam coin, I still think it will happen.

There are others that are showing signs of improvement too. Sadly, due to Cryptsy being a piece of S*** (!!!!!) and not depositing my funds quick enough I missed out on a great opportunity yesterday (MEC). Megacoin just went from $0.56 to $2.70. Around 500%. Thankfully a friend of mine got in there. Franko (FRK) also made huge gains overnight and both continue to grow.

Fortunately, I just bought into QRK at 0.000048 BTC/QRK and tripled my BTC holdings in around 10 hours (and it's up another 10% in the time it took to write this EDIT: And now another 100% of my initial investment from 0.00014 to 0.00019 in the time to read through my post... get in while you still can), so honestly, I'm not that upset, especially after seeing Max Keisers' most recent tweet regarding Quark. The same guy that said LTC to $50... What happened? So far 4 week return sitting around 2500% I think, I haven't had time to work it out.

So far I've been right about my predictions and multipied my BTC holdings greatly, and I believe I'm about to again. Call me stupid and say price/difficulty aren't related. Don't take my word, look at the graphs.

I'm not here to brag, only to try and share my findings because I know there is a great community here and I am not comfortable just keeping this to myself.

bit of a self-fulfilling prophecy, right now innit?

It is kind of surprising that the price is going up.  I would think there would be at least some pressure from merchants selling.

I wouldn't expect it to be revealing for you.

Trollsoul

I fail to see how my other post is revealing. I had the same prediction there too. Along with the LTC prediction. Which was close too, given it dropped to 25, and is sitting at 35 now. Made a tidy profit on that.

So far, so good as we've gained over 10%! Only time will tell.

Don't listen to the non-believers MindGrenade. Listen to your heart.

Right now my heart is telling me a similar story. If it doesn't crash down to at least $700 before Monday, and if the price can form solid support above $1000, I think the trip to $2000 will be very quick indeed.

My heart also weeps for those that will inevitably flood in and buy at 5000, 8000, maybe 10,000 or more    and then discover the joys of latency while they try to sell as we crash back down to the 900 range or lower, taking devastating losses along the way.

I can't shake the feeling that many pigs will be slaughtered this holiday season.

Oh please. This kind of BS thread is so common here most people just ignore it.

You are trying to manipulate the market, but will you suceed?

No need to explain, your post from a different thread is revealing enough.

There is evidence but it's more mystical to just claim it.

I'll explain after