All posts made by wlefever in Bitcointalk.org's Wall Observer thread
1.
Post 11755454 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.19h):
Seems a little strange, but I like it for a change!
2.
Post 11831731 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.20h):
Bitcoin is trading oddly at the moment. Highly volatile in a narrow range.
We may be shedding last few bears and profit takers before the next move.
BTC-e doesn't want to bash through $270. But it keeps trying only to be taken back down to $263. And then it slowly repeats.
Bitcoin is intentionally being suppressed, but in a unique way. The whales are busy pumping the litecoin market. Bitcoins are being sold to the whales in exchange for litecoins, so that noobs can play the litecoin rally. The whales are holding the bitcoin price fairly steady to make it seem unappealing and boring. The whales are also attacking the Bitcoin network with spam to continue to delay things.
Once that is done and LTC maxes out, the whales will then take off the parking brake and Bitcoin will start to rally. The whales will mass dump their remaining litecoin for bitcoin. All the noobs will then rush in from LTC to BTC en masse, forcing the rally even higher. The world will then start reading about bitcoin in the media and join in the Bitcoin party.
When that happens, Katy bar the door.
Agree. Litecoin works as the perfect overflow valve.
I think Litecoin works for a little more than an overflow valve, but what Torque posted above is an interesting theory.
3.
Post 11831934 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.20h):
Bitcoin is trading oddly at the moment. Highly volatile in a narrow range.
We may be shedding last few bears and profit takers before the next move.
BTC-e doesn't want to bash through $270. But it keeps trying only to be taken back down to $263. And then it slowly repeats.
Bitcoin is intentionally being suppressed, but in a unique way. The whales are busy pumping the litecoin market. Bitcoins are being sold to the whales in exchange for litecoins, so that noobs can play the litecoin rally. The whales are holding the bitcoin price fairly steady to make it seem unappealing and boring. The whales are also attacking the Bitcoin network with spam to continue to delay things.
Once that is done and LTC maxes out, the whales will then take off the parking brake and Bitcoin will start to rally. The whales will mass dump their remaining litecoin for bitcoin. All the noobs will then rush in from LTC to BTC en masse, forcing the rally even higher. The world will then start reading about bitcoin in the media and join in the Bitcoin party.
When that happens, Katy bar the door.
Agree. Litecoin works as the perfect overflow valve.
I think Litecoin works for a little more than an overflow valve, but what Torque posted above is an interesting theory.
simple, from its previous ATH, ltc lost 98% (from $50 to $1) whilst btc is at -77% now. ((1200-270)/1200)
at $7, ltc is now at -85% so we may continue the surge to catch up with btc at around $12.
by then all the capital should flow back to btc to "secure" earnings.
First, if you are going to use litecoin low of $1 (lowest I saw was $1.40) then Bitcoin hit a low around $165 so more like -86% for Bitcoin at its lowest. Second, its more about the LTC/BTC rate (low of .0059 now at .02692) then a $USD price argument. Then again i'm not sure what you were getting at with your post.
Litecoin to me has value with Bitcoins success regardless.
4.
Post 11832002 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.20h):
I think Litecoin works for a little more than an overflow valve, but what Torque posted above is an interesting theory.
simple, from its previous ATH, ltc lost 98% (from $50 to $1) whilst btc is at -77% now. ((1200-270)/1200)
at $7, ltc is now at -85% so we may continue the surge to catch up with btc at around $12.
by then all the capital should flow back to btc to "secure" earnings.
First, if you are going to use litecoin low of $1 (lowest I saw was $1.40) then Bitcoin hit a low around $165 so more like -86% for Bitcoin at its lowest. Second, its more about the LTC/BTC rate (low of .0059 now at .02692) then a $USD price argument. Then again i'm not sure what you were getting at with your post.
Litecoin to me has value with Bitcoins success regardless.
ah yea im using large numbers here. jsut to get a quick estimation.
but you can put it the other way around:
comparing ATHs: $50/ltc vs $1200/btc => 50/1200=4,16%
comapring now: $7/ltc vs $270/btc => 7/270=2,6%
hence ltc is still "underpriced" because at the most bullish scenario it reached 4,16% of btc's value.
I'm sorry i had to reread your post. Yes litecoin looks underpriced at this stage, i agree!
5.
Post 11832080 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.20h):
Mr. Market is always right no matter what we think
6.
Post 11835772 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.20h):
Bitcoin is actually fairly boring compared to LTC, PPC, NMC, Chinese stock exchange, NYSE...
Is Bitcoin now the non-volatile investment?
For the last 6 months it appears so! Or, merely the calm before the storm...
7.
Post 11863976 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.21h):
i feel like i should maybe update bit movements, but i'm on vaca... I'll just update it once the market gets TOO HOT, which should be in about a week or two, once i'm back at my computer. fucking nice to see bitcoin finally get some well deserved positive action.... FINALLY!
Amen to that
8.
Post 11874165 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.21h):
So, I'm watching Cramer on CNBC this evening.
http://dealbreaker.com/uploads/2014/12/52-430x323.jpegAnd what's he pulling for?
>Hardcore Chinese economic recovery [after he called em communists, LOL]
>Iran arms deal to open up Iran marketsSRSLY?
Dude has went off the fuggin' deep end.
STICK WITH BITCOIN.Note: last Friday, CNBC was near suicidal over Greece.
What did Jim recommend?
Fuggin' BIOTECH AND HEALTH INSURANCE STOCKS. JFC.
STICK WITH BITCOIN.That dudes a clown. Take what he says with a grain of salt.
9.
Post 11877262 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.21h):
Looks like $286-$295 is going to be where the price is at for a while. Let's see how long it is before we spend time above $300 again.
I hope we do stay in this area for a while.
10.
Post 11897705 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.21h):
Looks like were going to continue this path down. Will it break below $242 on this downtrend?
11.
Post 12086330 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.22h):
Looks like $255 here we come
12.
Post 12184670 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.23h):
I think XT won't be happening given the market uncertainty it caused.
Currently zero percent of the miner vote.
http://xtnodes.com/Grab those those coins boys!
XT supporting nodes have more than doubled in a few days though (810 Bitcoin XT nodes today vs 3xx late Sunday)
I don't think we've bottomed out yet with more core and XT split discussions to come.
13.
Post 12184826 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.23h):
14.
Post 12185112 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.24h):
I'm not sure that block is really an XT block. It was mined by Slush pool, which is still creating all version 3 blocks. That particular block has a bizarre version field for some reason.
That's true. It could be a BIP 101 block...
15.
Post 12233585 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.24h):
jesus fucking christ ... everywhere went under 200 ... we must be rid of all the retarded and scared people by now yes ? ... you all do realize we were at like 275 a week and a half ago and *nothing* has fundamentally changed since then ? ... this piss pants herd mentality is fucking sad ... thanks for the $200 coins
Markets got everybody scared!! I want more coins
16.
Post 12233648 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.24h):
this was the final push down, now it's becoming clear either BIP100 or BIP101 will win and SOON, with block limit raised we will finally stop talking about forking bitcoin and how this will lead to XYZ bad bad bad fud fud fud.
You would think this is true, but I think there is more at play here with the overall fear in global markets led by China.
17.
Post 13162353 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_14.36h):
I'm sure it will sell off Sunday CST or Monday in China like usual, but was a nice run up. Want to buy some more coins before the new year so I wouldn't mind pulling back around the $360 MA.
18.
Post 17359747 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_15.00h):
Happy New Year! Looking forward to the next leg up in 2017! BTC
19.
Post 19224722 (copy this link) (by wlefever) (scraped on 2020-04-04_Sat_15.11h):
I remember my first correction. Here we go!
