Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21316. (Read 26714791 times)
July 11, 2015, 07:01:37 PM
July 11, 2015, 07:00:03 PM
Here is a tinfoil hat theory for your amusement: the stress test was part of a pump-and-dump plan for Litecoin.
I have read on /r/bitcoin that some Chinese entity had been pumping Litcoin in China for some time, with ads etc.. Also there I read a testimonial by a BTC day-trader who said he used LTC regularly for arbitrage, to move funds between exchanges -- because of Litecoin's much shorter block interval (2.5 min).
So, perhaps those same Litecoin pumpers contracted the stress test, for the purpose of pushing as much of that inter-exchange traffic to LTC instead fo BTC, driving up its price even futher -- before the final dump.
I have read on /r/bitcoin that some Chinese entity had been pumping Litcoin in China for some time, with ads etc.. Also there I read a testimonial by a BTC day-trader who said he used LTC regularly for arbitrage, to move funds between exchanges -- because of Litecoin's much shorter block interval (2.5 min).
So, perhaps those same Litecoin pumpers contracted the stress test, for the purpose of pushing as much of that inter-exchange traffic to LTC instead fo BTC, driving up its price even futher -- before the final dump.
July 11, 2015, 06:41:16 PM
In case this has not been posted:
Bitcoin Magazine, July 11, 2015
Chinese exchanges claim litecoin volatility driving bitcoin price gains, Chinese stock market has little effect
Bitcoin Magazine, July 11, 2015
Chinese exchanges claim litecoin volatility driving bitcoin price gains, Chinese stock market has little effect
July 11, 2015, 06:38:43 PM
i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme..
yes, everyone should diversificate into gold and silver too. But to be mobile crypto is infinitely better. And there is Darkwallet and a couple of other projects which can help with privacy.
I didn't write this. Please get your quoting right next time.
July 11, 2015, 06:37:43 PM
July 11, 2015, 06:28:56 PM
290-295
steadily sailing the seas of cheese...
steadily sailing the seas of cheese...
July 11, 2015, 06:27:17 PM
News like those below adds to the rumors and panic.
https://www.cryptocoinsnews.com/wtf-just-happened-to-litecoin-and-bitcoin/
https://blog.bitmex.com/chinese-promoter-pumping-litecoin-via-ponzi-scheme/
https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=20
BTW ^ this address has been receiving LTC even before the LTC rise.
https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=8000
Quote
4/20/2015 1:25:02 PM (UTC) 34ya1Bx4MQQnQJEnyG1G914fPTKZnPSrj2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 500 LTC
4/20/2015 12:53:21 PM (UTC) 388R1NB8w28Rid3MBXPbhp7rG5ojdx2Udf, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 3,000 LTC
4/20/2015 12:29:08 PM (UTC) 3FnCGzkGuYTUy8kqEVJLiwcD45HDna3V6n, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 500 LTC
4/20/2015 9:12:56 AM (UTC) 3Nh3pRKbyEi8tWP5DvF43tzb9sLabqHNH2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 1,000 LTC
see tx
+ 500 LTC
4/20/2015 12:53:21 PM (UTC) 388R1NB8w28Rid3MBXPbhp7rG5ojdx2Udf, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 3,000 LTC
4/20/2015 12:29:08 PM (UTC) 3FnCGzkGuYTUy8kqEVJLiwcD45HDna3V6n, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 500 LTC
4/20/2015 9:12:56 AM (UTC) 3Nh3pRKbyEi8tWP5DvF43tzb9sLabqHNH2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 1,000 LTC
9AM EST 2015-07-10
6:28PM EST 2015-07-10
Those that claim that that address is may wish to reevaluate their conclusions as to the caused the LTC/BTC dump.
https://bitinfocharts.com/litecoin/address/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou
tx: f8281149e...d0cb 813259 2015-07-10 04:57:20 -500 LTC 1,068,047.7324 LTC $6,397,658 @ $6 <---- That is when withdraws started on the wallet. After the dump.
July 11, 2015, 06:17:36 PM
We keep tappin' on that $300 resistance (well, not quite 
) and can't seem to break it. I'm seeing a big assortment of Cup-and-Handles being drawn on Tradingview from the $315 spike to now. Is it time to retrace and form that handle?
Any targets?
) and can't seem to break it. I'm seeing a big assortment of Cup-and-Handles being drawn on Tradingview from the $315 spike to now. Is it time to retrace and form that handle?Any targets?
July 11, 2015, 06:01:37 PM
July 11, 2015, 05:48:24 PM
i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme..
yes, everyone should diversificate into gold and silver too. But to be mobile crypto is infinitely better. And there is Darkwallet and a couple of other projects which can help with privacy.
i always have been a metals person..... i did believe crypto was a good idea because i cannot put a gold or silver coin through the internet .. privacy would definitely help with crypto ... there is another problem with bitcoin... imagine a currency system that has the ability to lock out and ban individuals from that system.... bitcoin has serious flaws that need to be exposed to public awareness.
Please explain how you can lock out and ban individuals from using Bitcoin.
July 11, 2015, 05:47:54 PM
I've seen stolfi battling for blocksize increases on Reddit.
and that's another proof that blocksize increase is a bad idea. I like LTC mostly for its fix against spam.
i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme.. i think gold and silver backed dollar is a much better alternative as a replacement currency.. bitcoin should remain the pump and dump scheme of whales that it has become. the constitution of the united states clearly states that only gold and silver is currency .. we are talking about FREEDOM and LIBERTY here.
Gold and silver is more manipulated than Bitcoin is. Where's the freedom and liberty if you put a gun to people's head and insist they only use gold and silver as currency? This term 'cashless society' is just thrown around but do you truly know what it means? BTC actually has all the advantages cash has. With Bitcoin all transactions are recorded yes, but it's really not that hard to make sure the BTC address you transact with can not be linked back to you personally if you want to. Darkwallet and other methods will make sure of that. A gold or silver backed dollar is not better, and it's also not gonna happen ever. What's much sooner going to happen is all cash being banned with all fiat transactions being recorded (and BTC failing because people are afraid of 'cashless society' lol), which believe me is a much much worse scenario than the one you will have with BTC being successful.
yes metals have been manipulated down.. and that is exactly why people should be buying them. because the current usd 'interest to infinity' debt slavery reserve system is FAILING.. with bitcoin people will not be able to trade if they don't have a cell phone, or a pc.. their coins can be forked out of the system.... it's NOT going to work as a replacement currency.. it will fail just as the fiat usd currency is FAILING. The state of texas has created a depository for gold and silver and requested their gold from the fed. they did not do that just for the heck of it.
July 11, 2015, 05:39:23 PM
I personally wouldn't be advising family members to invest in BTC. It's a massively risky investment & just because I believe in it doesn't mean I'd be willing to risk the wrath of family or friends by telling them to invest.
BTC could go either way, I wouldn't want anybody elses financial status riding on advice given by me.
Too much pressure.
BTC could go either way, I wouldn't want anybody elses financial status riding on advice given by me.
Too much pressure.
July 11, 2015, 05:35:57 PM
i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme..
yes, everyone should diversificate into gold and silver too. But to be mobile crypto is infinitely better. And there is Darkwallet and a couple of other projects which can help with privacy.
i always have been a metals person..... i did believe crypto was a good idea because i cannot put a gold or silver coin through the internet .. privacy would definitely help with crypto ... there is another problem with bitcoin... imagine a currency system that has the ability to lock out and ban individuals from that system.... bitcoin has serious flaws that need to be exposed to public awareness.
July 11, 2015, 05:33:16 PM
However, family is tricky.
Yep. My experience is that any financial entanglement with family should be exited as quickly and graciously as possible.
July 11, 2015, 05:31:05 PM
July 11, 2015, 05:27:12 PM
Maybe you are right. We haven't promised her anything yet. I just feel bad about the timing of it all. But patience is a virtue. I wish she could have just been a little more patient. My husband felt bad because when it took a dip the first time around she wanted to bail then and he encouraged her not to worry about it and just ride it out. She said that the next time she wanted to sell he wasn't supposed to argue with her so he didn't this time. I feel like she waited this long, what is another week or two? She is going to feel really stupid in a couple months. I don't want her upset with us. There is a reason some people have a hard time with investments though.
Bear in mind that you could be wrong*. It's her money, just accept her decision.
*I don't think you are but I could be wrong too
July 11, 2015, 05:25:26 PM
I've seen stolfi battling for blocksize increases on Reddit.
and that's another proof that blocksize increase is a bad idea. I like LTC mostly for its fix against spam.
i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme.. i think gold and silver backed dollar is a much better alternative as a replacement currency.. bitcoin should remain the pump and dump scheme of whales that it has become. the constitution of the united states clearly states that only gold and silver is currency .. we are talking about FREEDOM and LIBERTY here.
Gold and silver is more manipulated than Bitcoin is. Where's the freedom and liberty if you put a gun to people's head and insist they only use gold and silver as currency? This term 'cashless society' is just thrown around but do you truly know what it means? BTC actually has all the advantages cash has. With Bitcoin all transactions are recorded yes, but it's really not that hard to make sure the BTC address you transact with can not be linked back to you personally if you want to. Darkwallet and other methods will make sure of that. A gold or silver backed dollar is not better, and it's also not gonna happen ever. What's much sooner going to happen is all cash being banned with all fiat transactions being recorded (and BTC failing because people are afraid of 'cashless society' lol), which believe me is a much much worse scenario than the one you will have with BTC being successful.
July 11, 2015, 05:22:23 PM
i think my days of supporting bitcoin could very well be coming to an end. i have a tendency to turn when i feel wronged. a cashless society is not really a free society.
It's coming anyway. The question is, who will control it?
July 11, 2015, 05:19:12 PM
i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme..
yes, everyone should diversificate into gold and silver too. But to be mobile crypto is infinitely better. And there is Darkwallet and a couple of other projects which can help with privacy.
July 11, 2015, 05:01:33 PM
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