Huobi
Whoa!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27588. (Read 26712695 times)
May 26, 2014, 04:27:20 AM
May 26, 2014, 04:25:54 AM
Huobi
Bubble is done
May 26, 2014, 04:25:44 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.
I would never call the end of some alt too early, those little suckers are full of nasty surprises!
This is a fair point.
However, I do wonder whether the remainder of this year will see the alts better sieved for those that have some kind of value. If bitcoin is bubbling again then I guess a lot of money might come out of the alts for a 'sure thing' propped up by better public visibility.
Privacy seems to be a big deal. NXT's platform I think has got a bright future. What has Litecoin got to offer any more? Is there a reason that DRK shouldn't overtake it, for example?
Oh god, enough with this DRK crap for goodness sakes. Yes, there are dozens of reasons DRK will not overtake LTC.
LTC is a behemoth, with massive dispersement of coins and investors and hash power. LTC is ALSO a medium of exchange between other alts.
When DRK becomes the go to 2nd alt for exchange on BTC-E and Finex and Stamp, then maybe you can start this conversation. For now, though, DRK needs to be worried about MRO and Emunie, which have the potential to stomp a big ol hole its in DRKs head and send it down the road of every other pumped coin.
Perhaps DRK was a bad example. My general point was about why LTC is more attractive than the alternatives - which you answer above. Still, I'm not as optimistic about LTC as you are. Would new money go into LTC in sufficient quantities to allow it to keep up? In the short term, yes. Long run, not convinced.
Well, I am pretty damn confident that the next time we enter a bull run anything like a bubble - about half way through that bubble, but probably before then, LTC is going to skyrocket again. It may not go to .052 again, but it might.
I kinda hope it doesn't, as I made a 20 btc bet today that it would stay under $100 for 2014.
Money will ALWAYS flow out of BTC into other alts during bubbles, as people look for profits and coins get pumped.
In fact, here is the best (and one of the most obvious) tip I have ever given on this forum.
Next time we go into a bubble with giant momentum, about a week into the bubble, take 25%+ of your BTC and evenly invest it into the top 20 alt coins on Coinmarketcap.com that have not already gone up 20%.
Hold those until the top of the bubble and cash out your fortune in BTC.
I may delete this post in a few days.
May 26, 2014, 04:25:02 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
Do you not remember way way way way way way back 6 months ago, back when it was the year 2013, long long ago, when LTC was .007 btc? 1/3 of what it is now?
Probably not, that was a long time ago.
Sorry, not sure I follow your point. It's been uncoupled before and survived/caught up just fine, so the same could happen again?
Another fair point, though the landscape is VERY different now.
Darkcoin will never get the mainstream adoption of BTC/LTC
this is all about new coin vitality that you are enjoying now ...if and when it comes on teh radar of any government/political/banking sector it will be firmly stomped on teh head
Enjoy your kiddie fanatsy of smoking cigarettes down the back of the bus Darkcoin coolness... i.e creating a coin that by design is made to launder money & buy drugs is really going to go down well with society & the infrastructural systems that you will need to connect with
Also welcome to teh world of anybody who has/uses DRK are now targets for law enforcement types
It has its place as ppl need to buy drugs and launder money just as hoes need to smoke da crack
but to say LTC or BTC are to be replaced by Darkcoin is a noobs viewpoint as IMHO
DARKCOINS future look really bright to me ...lolz
May 26, 2014, 04:24:55 AM
I would not be surprised to see the market do what it did at 490-495 - consolidate for a day or so before making a move up to 500. This looks like it could become a 560-590 consolidation before the next leg up.
Unless the fiat cannons have fired all the ammo...I think it's more likely we push close to 600-650 and consolidate in there...Also we'll see if there is a steady stream of buyers it might prove that it was the new blood taking a single to hop on a train.
Last Nov I took my single from the market shaking sr1.0 off like it was nothing, I hope this years moment was the Chinese Regulators chilling out
following the ending of leveraged trading and HFT fees. May 26, 2014, 04:23:04 AM
Only ~900 coins to $600 on Stamps... when ppl wake up in the states I think there may be a push.
May 26, 2014, 04:21:20 AM
man i love how there's so much tension now.. everybody is gearing up for some huge explosion. it's time for some excitement.. i'll never forget last year's bull run felt. it was just disbelief after disbelief.. it went from $100 to $1100.. nuts.
I agree about last years run up. I don't think I will ever forget that feeling either. Constant happiness coupled with not being able to do anything without checking charts every few minutes.
i wouldn't call it happiness, not for me at least. excited is more like how i felt. if i were to use the word happiness, i would have to have a feeling of being content. i guess i didn't have enough bitcoins to make me feel content with prices at $1200.
I'm in a position where at the one hand I'm happy when the price increases, but in the other hand it makes me worry because I have no more fiat I can invest, and by the time I do, bitcoin will be much more expensive.
May 26, 2014, 04:19:44 AM
I would not be surprised to see the market do what it did at 490-495 - consolidate for a day or so before making a move up to 500. This looks like it could become a 560-590 consolidation before the next leg up.
May 26, 2014, 04:18:36 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.
I would never call the end of some alt too early, those little suckers are full of nasty surprises!
This is a fair point.
However, I do wonder whether the remainder of this year will see the alts better sieved for those that have some kind of value. If bitcoin is bubbling again then I guess a lot of money might come out of the alts for a 'sure thing' propped up by better public visibility.
Privacy seems to be a big deal. NXT's platform I think has got a bright future. What has Litecoin got to offer any more? Is there a reason that DRK shouldn't overtake it, for example?
Oh god, enough with this DRK crap for goodness sakes. Yes, there are dozens of reasons DRK will not overtake LTC.
LTC is a behemoth, with massive dispersement of coins and investors and hash power. LTC is ALSO a medium of exchange between other alts.
When DRK becomes the go to 2nd alt for exchange on BTC-E and Finex and Stamp, then maybe you can start this conversation. For now, though, DRK needs to be worried about MRO and Emunie, which have the potential to stomp a big ol hole its in DRKs head and send it down the road of every other pumped coin.
Perhaps DRK was a bad example. My general point was about why LTC is more attractive than the alternatives - which you answer above. Still, I'm not as optimistic about LTC as you are. Would new money go into LTC in sufficient quantities to allow it to keep up? In the short term, yes. Long run, not convinced.
May 26, 2014, 04:10:57 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.
I would never call the end of some alt too early, those little suckers are full of nasty surprises!
This is a fair point.
However, I do wonder whether the remainder of this year will see the alts better sieved for those that have some kind of value. If bitcoin is bubbling again then I guess a lot of money might come out of the alts for a 'sure thing' propped up by better public visibility.
Privacy seems to be a big deal. NXT's platform I think has got a bright future. What has Litecoin got to offer any more? Is there a reason that DRK shouldn't overtake it, for example?
Oh god, enough with this DRK crap for goodness sakes. Yes, there are dozens of reasons DRK will not overtake LTC.
LTC is a behemoth, with massive dispersement of coins and investors and hash power. LTC is ALSO a medium of exchange between other alts.
When DRK becomes the go to 2nd alt for exchange on BTC-E and Finex and Stamp, then maybe you can start this conversation. For now, though, DRK needs to be worried about MRO and Emunie, which have the potential to stomp a big ol hole in DRKs head and send it down the road of every other pumped coin.
May 26, 2014, 04:06:36 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
Do you not remember way way way way way way back 6 months ago, back when it was the year 2013, long long ago, when LTC was .007 btc? 1/3 of what it is now?
Probably not, that was a long time ago.
Sorry, not sure I follow your point. It's been uncoupled before and survived/caught up just fine, so the same could happen again?
Another fair point, though the landscape is VERY different now.
May 26, 2014, 04:04:45 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.
I would never call the end of some alt too early, those little suckers are full of nasty surprises!
This is a fair point.
However, I do wonder whether the remainder of this year will see the alts better sieved for those that have some kind of value. If bitcoin is bubbling again then I guess a lot of money might come out of the alts for a 'sure thing' propped up by better public visibility.
Privacy seems to be a big deal. NXT's platform I think has got a bright future. What has Litecoin got to offer any more? Is there a reason that DRK shouldn't overtake it, for example?
May 26, 2014, 04:03:40 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
Do you not remember way way way way way way back 6 months ago, back when it was the year 2013, long long ago, when LTC was .007 btc? 1/3 of what it is now?
Probably not, that was a long time ago.
May 26, 2014, 04:02:50 AM
Look at the 1-day RSI chart. The pattern is repeating. If that's true, we should keep raising to 700-ish, stabilize at 600-ish for a month, and the real bubble begins at July.
everybody goes history does not repeat blah blah blah
But i agree this biatch certainly is doing a very good impression of the same thing ...
Maybe we should say humans repeating their same mistakes or humans not changing their behaviour in the context of (GREED/FEAR)
Further zooming out you will see this pattern has happened 3 times in a row
Nice Chart and very telling. Hope it plays out the same way...
May 26, 2014, 04:00:36 AM
May 26, 2014, 03:59:02 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.
I would never call the end of some alt too early, those little suckers are full of nasty surprises!
May 26, 2014, 03:57:34 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
Yes, of course that happened after i buy back in after 10 months or so.
I could sell then now before it gets worse but then it will go up tomorrow. Guaranteed.
May 26, 2014, 03:55:31 AM
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
May 26, 2014, 03:25:16 AM
man i love how there's so much tension now.. everybody is gearing up for some huge explosion. it's time for some excitement.. i'll never forget last year's bull run felt. it was just disbelief after disbelief.. it went from $100 to $1100.. nuts.
$5 to $260 was actually more fun, in that it took longer but was more methodical with a five or ten dollar rise everyday and was much more unexpected. The problem now is everyone expects fireworks, all the time and for history to repeat itself, only bigger.
Its rather like a good Hollywood movie that embarks upon a run of sequels, each one is bigger and louder yet somehow leaves everyone unsatisfied.
$10 to $260 didn't last very long though.. it peaked and crashed within what, 2 weeks? i don't remember correctly, but it felt something like that. the november $120 to $1,200 lasted what seemed like at least a month. if i recall correctly, it rebounded to $800 by the end of the year.
It actually took three months to get from $10 to $120...it then went vertical for a few weeks before Mark fucked up. But that initial momentum was completely new ground, exhilarating partly because it was less expected.
@Risto, I'm not bored simply trying to point out that not only are the better things in life best savoured but that 'wham bam' action generally leaves people dissatisfied. Ask your wife
The more you gee people up that they'll be overnight millionaires, the more distressed they are going to be when it either takes longer or doesn't happen at all.
oh that's right.. i think i got my coins in february, and then in early april it shot up to $260.. so 2 month period. it was a pretty fun bull run, i just don't remember even paying attention to bitcoin until towards the end of march.
May 26, 2014, 03:22:12 AM
$5 to $260 was actually more fun, in that it took longer but was more methodical with a five or ten dollar rise everyday and was much more unexpected. The problem now is everyone expects fireworks, all the time and for history to repeat itself, only bigger.
Its rather like a good Hollywood movie that embarks upon a run of sequels, each one is bigger and louder yet somehow leaves everyone unsatisfied.
Its rather like a good Hollywood movie that embarks upon a run of sequels, each one is bigger and louder yet somehow leaves everyone unsatisfied.
That's why we have alt-coins: for when 1,000% annual returns just aren't good enough.
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