Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32871.

phoenix1

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Quote from: fr33d0miz3r on June 23, 2013, 02:54:31 PM

Quote from: Frozenlock on June 23, 2013, 02:51:41 PM

The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.

But this problem is not solved yet. And maybe they will solve it by promoting LTC for small transactions.
Right now small BTC transactions are limited by amount, because of this problem.

Right now the number of Bitcoin transactions is limited by slow adoption

Anyway ... aliens Grin

fr33d0miz3r

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Quote from: Frozenlock on June 23, 2013, 02:51:41 PM

The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.

But this problem is not solved yet. And maybe they will solve it by promoting LTC for small transactions.
Right now small BTC transactions are limited by amount, because of this problem.

fr33d0miz3r

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Quote from: lucas.sev on June 23, 2013, 02:50:57 PM

And in short term it is better to hold LTC.

Yep.

Frozenlock

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Quote from: fr33d0miz3r on June 23, 2013, 02:37:58 PM

Don't forget that BTC has a blockchain limit for number of transactions to operate.
LTC will be useful for small transactions to unload BTC. So, BTC+LTC can be a very stable payment system in the future.

No. The blockchain has a limit on the size of blocks.

The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.

And if you want to unload part of transactions from Bitcoin, why would you use LTC?
Pleeeeenty of other choices around. Hell, Namecoin even offers some added value!

I'm tempted to short, but the volume is so low that I'm afraid to be locked in my position. Cry

lucas.sev

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Quote from: fr33d0miz3r on June 23, 2013, 02:49:12 PM

Quote from: lucas.sev on June 23, 2013, 02:47:26 PM

so, as it will go 1:1, it does not really matter if you hold BTC or LTC at that point.

In the long-term yes.

And in short term it is better to hold LTC.

fr33d0miz3r

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Quote from: lucas.sev on June 23, 2013, 02:47:26 PM

so, as it will go 1:1, it does not really matter if you hold BTC or LTC at that point.

In long term yes.

lucas.sev

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Quote from: fr33d0miz3r on June 23, 2013, 02:45:21 PM

Quote from: lucas.sev on June 23, 2013, 02:43:50 PM

From investment point of view, by your beliefs staying in BTC is dumb. Why hold BTC if LTC will appreciate faster.

I say that LTC will appreciate faster in the short-term because of MtGox adopting.
Then LTC will grow 1:1 with BTC.

So, I thnik good investment is both BTC and LTC.

I understand, so assuming what you say is right, it is better to buy fully into LTC now, because it will appreciate faster in short term, and then go 1:1 with BTC, so, as it will go 1:1, it does not really matter if you hold BTC or LTC at that point.

fr33d0miz3r

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Quote from: lucas.sev on June 23, 2013, 02:43:50 PM

From investment point of view, by your beliefs staying in BTC is dumb. Why hold BTC if LTC will appreciate faster.

I say that LTC will appreciate faster in the short-term because of MtGox adopting.
Then LTC will grow 1:1 with BTC (the price will correlate 1:10).

So, I think that a good investment is both BTC and LTC.

lucas.sev

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Quote from: fr33d0miz3r on June 23, 2013, 02:41:36 PM

Quote from: lucas.sev on June 23, 2013, 02:39:21 PM

Quote from: fr33d0miz3r on June 23, 2013, 02:37:58 PM

Quote from: Frozenlock on June 23, 2013, 02:33:47 PM

Quote from: fr33d0miz3r on June 23, 2013, 02:32:47 PM

Quote from: lucas.sev on June 23, 2013, 02:30:47 PM

And bitcoin will be 700$?

If Bitcoin is $700, Litecoin will be $80-90

Because aliens. Roll Eyes

Don't forget that BTC has a blockchain limit for number of transactions to operate.
LTC will be useful for small transactions to unload BTC. So, BTC+LTC will be a very stable payment system in the future.

So what should be stopping me from buying fully into LTC and forgetting about BTC? You obviously believe that if bitcoin appreciates 7 times, LTC will appreciate 40 times.

LTC will appreciate 5 times after Gox starting work with it, and then will corellate with BTC.
Don't forget about BTC Grin

The real future is BTC+LTC.

From investment point of view, by your beliefs staying in BTC is dumb. Why hold BTC if LTC will appreciate faster.

fr33d0miz3r

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Quote from: lucas.sev on June 23, 2013, 02:39:21 PM

Quote from: fr33d0miz3r on June 23, 2013, 02:37:58 PM

Quote from: Frozenlock on June 23, 2013, 02:33:47 PM

Quote from: fr33d0miz3r on June 23, 2013, 02:32:47 PM

Quote from: lucas.sev on June 23, 2013, 02:30:47 PM

And bitcoin will be 700$?

If Bitcoin is $700, Litecoin will be $80-90

Because aliens. Roll Eyes

Don't forget that BTC has a blockchain limit for number of transactions to operate.
LTC will be useful for small transactions to unload BTC. So, BTC+LTC will be a very stable payment system in the future.

So what should be stopping me from buying fully into LTC and forgetting about BTC? You obviously believe that if bitcoin appreciates 7 times, LTC will appreciate 40 times.

LTC will appreciate 5 times after Gox starting work with it, and then will corellate with BTC.
Don't forget about BTC Grin

The real future is BTC+LTC.

lucas.sev

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Quote from: fr33d0miz3r on June 23, 2013, 02:37:58 PM

Quote from: Frozenlock on June 23, 2013, 02:33:47 PM

Quote from: fr33d0miz3r on June 23, 2013, 02:32:47 PM

Quote from: lucas.sev on June 23, 2013, 02:30:47 PM

And bitcoin will be 700$?

If Bitcoin is $700, Litecoin will be $80-90

Because aliens. Roll Eyes

Don't forget that BTC has a blockchain limit for number of transactions to operate.
LTC will be useful for small transactions to unload BTC. So, BTC+LTC will be a very stable payment system in the future.

So what should be stopping me from buying fully into LTC and forgetting about BTC? You obviously believe that if bitcoin appreciates 7 times, LTC will appreciate 40 times.

fr33d0miz3r

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Activity: 518

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Quote from: Frozenlock on June 23, 2013, 02:33:47 PM

Quote from: fr33d0miz3r on June 23, 2013, 02:32:47 PM

Quote from: lucas.sev on June 23, 2013, 02:30:47 PM

And bitcoin will be 700$?

If Bitcoin is $700, Litecoin will be $80-90

Because aliens. Roll Eyes

Don't forget that BTC has a blockchain limit for number of transactions to operate.
LTC will be useful for small transactions to unload BTC. So, BTC+LTC can be a very stable payment system in the future.

Frozenlock

sr. member

Activity: 434

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Quote from: fr33d0miz3r on June 23, 2013, 02:32:47 PM

Quote from: lucas.sev on June 23, 2013, 02:30:47 PM

And bitcoin will be 700$?

If Bitcoin is $700, Litecoin will be $80-90

Because aliens. Roll Eyes

fr33d0miz3r

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Activity: 518

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Quote from: lucas.sev on June 23, 2013, 02:30:47 PM

And bitcoin will be 700$?

If Bitcoin is $700, Litecoin will be $80-90

lucas.sev

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Activity: 252

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Quote from: fr33d0miz3r on June 23, 2013, 02:15:28 PM

By the way, MtGox already has working API for LTC/USD:
http://data.mtgox.com/api/1/LTCUSD/ticker
http://data.mtgox.com/api/1/LTCUSD/depth/fetch
http://data.mtgox.com/api/1/LTCUSD/trades/fetch

My prediction is the price for LTC will be at least $12-15 when Gox starts working with it.

And bitcoin will be 700$?

fr33d0miz3r

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By the way, MtGox already has working API for LTC/USD:
http://data.mtgox.com/api/1/LTCUSD/ticker
http://data.mtgox.com/api/1/LTCUSD/depth/fetch
http://data.mtgox.com/api/1/LTCUSD/trades/fetch

My prediction is the price for LTC will be at least $12-15 when Gox starts working with it.

ShroomsKit

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Quote from: N12 on June 23, 2013, 02:08:10 PM

Quote from: ShroomsKit on June 23, 2013, 02:04:10 PM

You'll be fine. Just don't panic sell before it goes to Gox. People will try to take the price down so they can buy cheap before it goes up again. It WILL go up because of Gox eventually.

Unless MtGox delays further or changes its mind again. Cheesy

Yup, that is a possibility for sure sadly enough.

klee

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Quote from: fr33d0miz3r on June 23, 2013, 02:08:23 PM

Quote from: klee on June 23, 2013, 02:07:56 PM

Quote from: fr33d0miz3r on June 23, 2013, 02:07:00 PM

While Gox doesn't do USD withdrawals, there is a good opportunity to transfer your BTC from Gox to BTC-E and buy LTC.

Maybe it's their only hope to survive.

Agreed.

I edit it but the meaning is the same...

fr33d0miz3r

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Quote from: klee on June 23, 2013, 02:07:56 PM

Quote from: fr33d0miz3r on June 23, 2013, 02:07:00 PM

While Gox doesn't do USD withdrawals, there is a good opportunity to transfer your BTC from Gox to BTC-E and buy LTC.

Maybe it's their only hope to survive.

Agreed.

N12

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Quote from: ShroomsKit on June 23, 2013, 02:04:10 PM

You'll be fine. Just don't panic sell before it goes to Gox. People will try to take the price down so they can buy cheap before it goes up again. It WILL go up because of Gox eventually.

Unless MtGox delays further or changes its mind again. Cheesy

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