Topic: Speculation Rule: buy when others are irrationally pessimistic or too cautious - page 11. (Read 36049 times)

Friends this isn't a joke...

Very strong circumstantial evidence that John Nash was Satoshi Nakamoto!

Read this!

He is dead, and to me it appears they firebombed his taxi.  

Does anyone intend to see LTC 50$ before the end of the year ? Most of site i read about ltc talk about 13$ bottom.

I take the ltc train late (10$), seeing it at the same price year after year..

Zero usage is not accurate at all. There are lots of sites that accept LTC and its listed on far more exchanges than numerous other tokens.

https://litecoin.info/Category:Services

Yeah I decided to offload my bag on that final weak push up to .0091, I will probably refill if there's a sell off by speculators to chase the next coin of the week.

Thanks for the link, I've been saying forever that a global currency must be tied to time and apparently he thinks so as well.

Exhausted... but it can fund your project and others (not necessarily crypto-related).


Good, no sense getting stuck and having to hold for months until price crosses your threshold again. The second break of the channel at 0.0089 was my partial sell point. It looks like 0.0078-0.008 is the initial buy target and I've picked up most of what was sold.

Keep an eye on XMR and ZEC as well.

I moved my small ltc value into ETH. Think it's quite cheap atm, considering the 3 big news that will follow in the next 30 days. I consider these POW projects with centralized mining extremely risky, one lying tweet and they can double their stash while halving yours. Especially those that can be mined asics, like bitcoin, litecoin, dash, etc.

Edit: Also it is foolish to say "but don't panic" because you can't just hold and risk. LTC's value is backed by nothing since it has 0 usage except speculation. It's as good as doge in that regard. It's only value comes from the hope that one day it might be accepted.

Dumped my entire LTC stack by panic selling at 0.009 to watch and see from the sidelines. The good news is I didn't lose any money, in fact I made a decent amount.I decide to stay away from this for the entire weekend, let's see if I can catch the next wave. LTC's segwit still remains closer to getting activated so the speculation-hype is still alive and I think there's money to be made in the next round.

Of course, we are all subjected to unexpected tweets by mining moguls tho so gotta pay attention to those.

Who else is tired of this shit?

This is also one of the many reasons why POW sucks. In POS miners are also investors.

It's insane to see how that chink is blatantly manipulating the market and doing insider trading with an obvious short coupled with that tweet. Then "hey, just joking, segwit continues". And now this?

https://twitter.com/f2pool_wangchun/status/850070006830292992

This guy is a troll playing with people's money. He can crash the market one tweet at a time and keep making millions from the shorts. This is a dangerous game to play when you have to show up IRL and meet investors that get fucked by your tweets.

Anyway, we can't do much follow along. Looks like segwit hype will continue with that remaining 5%, but if they do this again confidence will be destroyed. Too much of a joke to gamble anymore. As of now i'll hold and see what happens, leaving some BTC out of the game just in case.

Probably. I'm not arguing against the fundamentals that provide direction over months and years. It's good to hold all of the majors.


BlockStream?

They can only manipulate for so long - there's still old world capital flow to consider.

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.

I do rely on fundamentals, and ltc's grow was mostly caused by segwit's chance of success. Now that is a bit further away.

About ETH's curent price, the downtrend is caused by people moving funds to catch btc's upside trend and not fundamentals. ETH's rumors are too close to become news so i'd rather not play chasing tail with LTC's segwit.

Channels are important and to me the market says this is not an issue. The thick blue line in the LTCBTC chart is the long-term downtrend from the 2013-2015 highs. This run should go to 0.015 at a minimum. I also consider this to be a stair-step advance where the decline is not enough to allow solid entry points, but sufficient to force weak holders into panic selling.

Additionally, markets like to fill the gaps seen on the downward move in the LTCBTC chart, so we should come back up to at least close those.

We have until April 10th for the long-term downtrend and the bottom of the current channel to force a direction. There is likely to be a decisive move over the weekend, which I expect to be positive.

I would sell some if 0.00855-0.00865 is broken, and most if 0.00775 is breached.






Noise. Rely more on fundamentals for long-term trends. For shorter-term uncertainty, let the market tell you what's happening.

ETHBTC is falling to 0.035 and if that fails, 0.0275 is next followed by 0.021. ETHUSD seems to be holding up better, but that can still fall to around 32. I would start accumulating at those lows unless activity clearly shifts.

Edit: On that same time frame as Litecoin of April 10th, Bitcoin needs to exceed 1207 for a continued rise. Otherwise, a correction or consolidation is in the cards. Of note is how BTC and LTC are taking turns climbing - the interplay is obvious and ratchet-like. If Litecoin gets SW then that will probably be the point where they separate for a while, with Bitcoin range-bound as @iamnotback has stated.

At the current pace, LTC could hit 50 by late May to early June, while BTC approaches 2000 by mid-May. These are already unstable trajectories, and any upward acceleration has the potential to blow past those targets.

Huge uncertainty in LTC. Would rather take partial profits.

I sold my ltc after i've seen that BW won't signal for segwit. Because these pools that don't signal have about ~25% of the hashrate, and then there are 4-5 more smaller pools that haven't announced anything. Therefore, segwit might be anywhere between 2 and 8 weeks away from the 75% target.

So i will move these funds into ETH to be ready for raiden's implementation, EEA announcement and alphabay's officially accepting eth.

Edit: bought back eth, i don't trust segwit's 75% can be achieved before ETH's rumors become news.

Edit2: f2pool reconsiders segwit, so they might stop signaling https://twitter.com/SatoshiLite/status/850058511199248384

ETH will recover the volume first and back to 0.04. 

I think it's incredibly difficult to speculate in these volatile markets on so short time frames. I doubt it's +EV. Much prefer your stance of picking a spot that feels fundamentally in your favour and perhaps adding in some TA but on a longer time frame. At least that's basically only what's made me money trading in crypto last 4 years or so.

Trading on short time frames lets the feelings come into motion so much more. Greed vs Fear. It often just results in buying back into your position higher or selling lower.

A good measurment for me is to never be over exposed in such a way that you feel uncomfortable not looking at the price for a while. Then at least I feel to much fear and end up making bad calls.

I was expecting we might have to have a large dip in the price in order to shock miners into switching pools:

https://twitter.com/SatoshiLite/status/850048867160662016

I think also these Chinese are manipulating the market.

I didn't sell any LTC.

What do you guys think?