Topic: So where are we on Litecoin? how do we feel? it seems stable around $5 - page 2. (Read 1644 times)
August 27, 2014, 12:17:11 AM
I came from China and i tell you a truth.Most LTC are contrled by Chinese.I won't play with whales.
August 27, 2014, 12:12:10 AM
Quote
this is a respectable forum.
I spewed over my keyboard. ..
August 26, 2014, 11:59:50 PM
I am going to quote my post on this from early August and its response since it is still applicable today. My take on LTC is that we are at or near a low with respect to XBT that has happened twice before as a prelude to a rise in the XBT/USD rate. As for DOGE the timing of its release to coincide with an XBT boom is its biggest problem.
Thank you for your data mining. That pattern jibes with what I've seen in the gold part of the stock market: when gold's well down the bull track, the major producers go up, the juniors go up a lot, and the few exploration-level penny stocks that capture the punters' excitement explode.
Same on the downside, too. '11-'12 saw the majors getting whacked, the juniors getting whomped, and all-out carnage in the exploration-penny subsector.
I'm not kidding about the last. The pennies were hit so hard, the Venture Stock Exchange had to officially suspend a rule that prohibits secondary offerings by its listees whose stock price is below five cents. Yes, five cents.
Had the Venture board not done so, a lot of viable exploration micros would have had to hire bankruptcy lawyers. I'm quite serious about this.
The pattern for those alt-coins that have been around for a while is a sharp spike upwards in price when compared to BTC during a BTC boom. Here are some examples:
Litecoin: LTC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e
Namecoin: NMC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=nmc-btc&market=btc-e
Peercoin: PPC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ppc-btc&market=btc-e
Dogecoin DOGE/BTC is really interesting here since it was launched right in the middle of a BTC boom. http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=doge-btc&market=cryptsy It is hard to see on the chart but this is a brutal bear market since its inception. The moral here is do not launch your alt in the middle of a BTC boom because in a few months it will look really awful.
I would go as far as to say that skyrocketing alt-coin prices in terms of BTC can be an indicator of a BTC/USD top. The trick is finding the right alt-coin since the vast majority are totally worthless and only very few have a chance of doing anything, but there can be a play here.
Litecoin: LTC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e
Namecoin: NMC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=nmc-btc&market=btc-e
Peercoin: PPC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ppc-btc&market=btc-e
Dogecoin DOGE/BTC is really interesting here since it was launched right in the middle of a BTC boom. http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=doge-btc&market=cryptsy It is hard to see on the chart but this is a brutal bear market since its inception. The moral here is do not launch your alt in the middle of a BTC boom because in a few months it will look really awful.
I would go as far as to say that skyrocketing alt-coin prices in terms of BTC can be an indicator of a BTC/USD top. The trick is finding the right alt-coin since the vast majority are totally worthless and only very few have a chance of doing anything, but there can be a play here.
Thank you for your data mining. That pattern jibes with what I've seen in the gold part of the stock market: when gold's well down the bull track, the major producers go up, the juniors go up a lot, and the few exploration-level penny stocks that capture the punters' excitement explode.
Same on the downside, too. '11-'12 saw the majors getting whacked, the juniors getting whomped, and all-out carnage in the exploration-penny subsector.
I'm not kidding about the last. The pennies were hit so hard, the Venture Stock Exchange had to officially suspend a rule that prohibits secondary offerings by its listees whose stock price is below five cents. Yes, five cents.
Had the Venture board not done so, a lot of viable exploration micros would have had to hire bankruptcy lawyers. I'm quite serious about this.
August 26, 2014, 08:21:48 PM
Hasn't the BTC to LTC pretty much always been ~100 to 1~ ?
This is being currently reflected in the $500+ to $5+ ratio... is it not?
edit: good catch... the old farts fingers do not keep up with his thoughts... Thanks for catching it.
This is being currently reflected in the $500+ to $5+ ratio... is it not?
edit: good catch... the old farts fingers do not keep up with his thoughts... Thanks for catching it.
August 24, 2014, 09:40:26 PM
Discuss.
people have lost a lot, are we buying - waiting for a dump?
please don't Troll this topic, no one likes trolls here, this is a respectable forum.
also anyone think Moon will Cross Doge?
people have lost a lot, are we buying - waiting for a dump?
please don't Troll this topic, no one likes trolls here, this is a respectable forum.
also anyone think Moon will Cross Doge?
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