Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31690.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Nemesis on November 26, 2013, 03:03:43 PM

Quote from: ?? on ??

Quote from: UnDerDoG81 on November 26, 2013, 02:58:45 PM

Quote from: ?? on ??

i told you about the ltc train, who got on?

Missed that one, wish I would have invested all in litecoin at 9$ so it would have been doubled.

half a cent each was a better time to get on Wink

Damn.... i thought my $50 for 8000btc was good.

Did you get 500k ltc? lol

Do you still have 8k BTC? Tongue

And nice going Goat. You guys make me feel piss poor.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: rpietila on November 26, 2013, 03:22:48 PM

Quote from: Rampion on November 26, 2013, 03:07:20 PM

Pretty mind blowing stuff. That real-life stories are a good example of how you play this game: you invest what you can afford to lose, and you go for the long run, holding to the majority of your coins. The potential and growth are so huge that by gradually cashing out you can live OK while holding to the vast majority of your coins.

I have developed the concept of "rake", which in this context means the (average) percent of your holdings that you sell, every time the price doubles. This is applicable in the situation where you are unloading the coins. If you are still accumulating, it naturally does not hold.

According to the virgin-money-flow-model, the average rake is 17%, which means that each 1000x increase (consisting of 10 succeeding doublings) dilutes your holdings by 84%, formula: 1-(1-17%)^10.

If you want to play tigher, choose 10% rake for 65% dilution.
If you are OK to play looser, 30% rake dilutes 97% of your coins away, but the remaining 3% are still worth 30x more than all the coins in the beginning.

More about it.

I have to say that my "exit" strategy is very similar to your "rake" concept. It worked well so far, I still have the vast majority of my coins but I will live quite better in 2014.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: ablewasiereisawelba on November 26, 2013, 03:27:02 PM

Quote from: lucas.sev on November 26, 2013, 03:17:40 PM

Quote from: pandaisftw on November 26, 2013, 03:13:46 PM

Quote from: OrangeP on November 26, 2013, 03:10:51 PM

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

just like bitcoin to 99% of people.

False equivalency. LTC does not even have 10% of the acceptance of BTC.

I know, what I mean it's not important at all because its a speculative vehicle (store of value) and nothing more.

OldGeek

sr. member

Activity: 266

Merit: 250

Blitz:The price affects the perception of the news

Quote from: Davyd05 on November 26, 2013, 03:22:55 PM

. . . . 10-20% in price differential at times.

All in all..I would chalk it up to caution

Ok, but 60 bucks seems outa line to me.

ablewasiereisawelba

full member

Activity: 133

Merit: 100

Quote from: lucas.sev on November 26, 2013, 03:17:40 PM

Quote from: pandaisftw on November 26, 2013, 03:13:46 PM

Quote from: OrangeP on November 26, 2013, 03:10:51 PM

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

just like bitcoin to 99% of people.

False equivalency. LTC does not even have 10% of the acceptance of BTC.

UnDerDoG81

legendary

Activity: 2186

Merit: 1213

Looks like it will take a while till we see 4 digits Cheesy

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: OldGeek on November 26, 2013, 03:17:55 PM

Someone please tell me why Bitstamp is holding back.

My guess is they don't trust the whales at gox. But in general its been one leader.. followed by the other exchanges that allow for 10-20% in price differential at times.

All in all..I would chalk it up to caution

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Rampion on November 26, 2013, 03:07:20 PM

Pretty mind blowing stuff. That real-life stories are a good example of how you play this game: you invest what you can afford to lose, and you go for the long run, holding to the majority of your coins. The potential and growth are so huge that by gradually cashing out you can live OK while holding to the vast majority of your coins.

I have developed the concept of "rake", which in this context means the (average) percent of your holdings that you sell, every time the price doubles. This is applicable in the situation where you are unloading the coins. If you are still accumulating, it naturally does not hold.

According to the virgin-money-flow-model, the average rake is 17%, which means that each 1000x increase (consisting of 10 succeeding doublings) dilutes your holdings by 84%, formula: 1-(1-17%)^10.

If you want to play tigher, choose 10% rake for 65% dilution.
If you are OK to play looser, 30% rake dilutes 97% of your coins away, but the remaining 3% are still worth 30x more than all the coins in the beginning.

More about it.

EuroTrash

hero member

Activity: 728

Merit: 500

Quote from: Nemesis on November 26, 2013, 02:48:10 PM

A single picture at the right time is worth a thousand laughs.
Thank you! Cheesy

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: pandaisftw on November 26, 2013, 03:13:46 PM

Quote from: OrangeP on November 26, 2013, 03:10:51 PM

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

only reason I've heard of is that it can be used to anonymize your bitcoins. Sell btc for litecoin, buy back later. While bitcoin provides compelling reasons (beyond paypal and CC) for vendor adoption, litecoin does not (beyond bitcoin). All the same, I've been mining CPU LTC when my computers are on :-)

UnDerDoG81

legendary

Activity: 2186

Merit: 1213

Quote from: pandaisftw on November 26, 2013, 03:13:46 PM

Quote from: OrangeP on November 26, 2013, 03:10:51 PM

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

Because people think that it will follow the same way as bitcoin did so they are buying cheap in on 2 digits and hope it will be flying high as BTC. As you said, only speculation. But everybody who bought in 2 days ago at 9$ doubled their money already.

OrangeP

sr. member

Activity: 358

Merit: 250

Quote from: lucas.sev on November 26, 2013, 03:17:40 PM

Quote from: pandaisftw on November 26, 2013, 03:13:46 PM

Quote from: OrangeP on November 26, 2013, 03:10:51 PM

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

just like bitcoin to 99% of people.

Thats why I pegged my statement to Bitcoin. And you can trade LTC to BTC.. and BTC to Amazon Gift cards.

Lets just all start a new hype on this -> Profit!

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: proudhon on November 26, 2013, 03:13:33 PM

Quote from: thetopham on November 26, 2013, 03:12:09 PM

Quote from: Spaceman_Spiff on November 26, 2013, 03:07:11 PM

Quote from: Spaceman_Spiff on November 25, 2013, 12:18:45 PM

*Ladies and gentleman, this is your captain speaking. Prepare for lift-off ! *

*Ladies and gentleman, this is your captain speaking.
We had some delays because there were bears loose on the runway.
They have been taken care of, so relax and enjoy the flight.
We hope you will fly with bitcoin airways again*

We're flying Virgin, I assume.

Same thing nowadays.

OldGeek

sr. member

Activity: 266

Merit: 250

Blitz:The price affects the perception of the news

Someone please tell me why Bitstamp is holding back.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: pandaisftw on November 26, 2013, 03:13:46 PM

Quote from: OrangeP on November 26, 2013, 03:10:51 PM

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

just like bitcoin to 99% of people.

philip2000uk

sr. member

Activity: 276

Merit: 250

Quote from: Spaceman_Spiff on November 26, 2013, 03:07:11 PM

Quote from: Spaceman_Spiff on November 25, 2013, 12:18:45 PM

*Ladies and gentleman, this is your captain speaking. Prepare for lift-off ! *

*Ladies and gentleman, this is your captain speaking.
We had some delays because there were bears loose on the runway.
They have been taken care of, so relax and enjoy the flight.
We hope you will fly with bitcoin airways again*

A Fox on the runway i filmed
https://www.youtube.com/watch?v=qUFiiBeorbU

pandaisftw

full member

Activity: 224

Merit: 100

Quote from: OrangeP on November 26, 2013, 03:10:51 PM

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: OrangeP on November 26, 2013, 03:10:51 PM

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

Never, total number is 4x higher as first argument. No time to give more.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: thetopham on November 26, 2013, 03:12:09 PM

Quote from: Spaceman_Spiff on November 26, 2013, 03:07:11 PM

Quote from: Spaceman_Spiff on November 25, 2013, 12:18:45 PM

*Ladies and gentleman, this is your captain speaking. Prepare for lift-off ! *

*Ladies and gentleman, this is your captain speaking.
We had some delays because there were bears loose on the runway.
They have been taken care of, so relax and enjoy the flight.
We hope you will fly with bitcoin airways again*

We're flying Virgin, I assume.

Okurkabinladin

hero member

Activity: 574

Merit: 506

We still need Chinese to wake up Kiss

guess, I am not sleeping tonight.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31690. (Read 26723970 times)