Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21348. (Read 26715440 times)

Coin
Explanation

Honestly I wouldn't mind but this is technically the Bitcoin observer thread
That said Litecoin is going to have quite the bubble pop seeing that rise, as for Bitcoin well its not following litecoins pattern at all so it might just see a slow rise instead.

Can we just change this to the litecoin observer for the next 48 hours?



If this isn't the top, then the top is gonna be something spectacular!

(Fucking tiny pic won't take my images any more, any one have a suggestion?)

Calm before the (bull)storm?

Coin
Explanation

Just give BTC 10 more months. $500, here we come!

If I could short LTC, I imagine I'd be rich. But I hope it's the other way around and my inability to short it saved me from going broke 

I will take the moon anyway it wants to serve itself up. The hard and fast moves up are what drive the fomo and panic buying by the extras that float into the market.

https://www.youtube.com/watch?v=dX25PDBb708

https://www.youtube.com/watch?v=Ug8KiS0W85Y


8Mins Later 11:28PM EST 2015-07-09

Coin
Explanation

Got in on the 29th... I figured a few bucks be fun to play with... so at least for me I got a ways to go before I lose out... Im not gonna flip and buy back o no... once im out i get out lol... and wait.

Than again be nice to see 20+ a coin like the old days. Made some money back then.

i think that what i gonna do too... drop some money into litecoin and watch it crash .

agreed... its boring... that is partly why i quit watching it for months.

The Litecoin bubble has been pretty fun. Might still double, but frankly it's in danger territory. The China volume needs to keep growing to sustain momentum, and it's already higher than ever (the optics of China notwithstanding). Next move for me, buy the flashcrash and sell the bounce.

Here's a thought, I think there is a significant difference between bitcoin and litecoin miners. (random crazy thoughts courtesy of searing from when he said he was making around 500 litecoin per month with his titans. But he's not selling any... while I was only making around 3 btc per month burning about 5000 watts with my Neptunes)

I bought the same deal he did, when originally offered by knc, but I stuck with the Neptune (bitcoin miner) plus the bonus one instead of taking the option of receiving a titan (script miner) like searing did.

Setting aside the decisions of the past, one thing did strike me. Most bitcoin miners sell most of what they mine. I don't think there's any way to keep a large mining operation running if you don't.

Most litecoin miners - or at least a significant portion - are like searing I suspect. The market for scrypt Asics was much smaller than the bitcoin ones and the scrypt miners seem to have less electrical overhead and seem to be more hobbyists who are hoarding rather than selling...

It's just a thought, but there is definitely a different dynamic between bitcoin and litecoin miners. If the distribution of litecoin mining hardware remains more decentralized as the total scrypt hashrate continues to rise, one could even imagine a point where litecoin becomes even more secure against attacks from centralized effects than bitcoin.

I don't know what will happen (nobody does) but if you were to follow this theory to it's conclusion, litecoin should reach at bare minimum a 1/4 valuation to bitcoin, and could conceivably reach parity or surpass bitcoin. (This scenario would require several devs to abandon bitcoin and move to litecoin... doubtful, but not impossible)

Coin
Explanation

You don't need to wonder, just look at his post history, tarmi never loses a trade.

Here's what likely happened...

Coin
Explanation