The Litepresence Report on Cryptocurrency

[nayjevin]

Haven't been following the latest mood swings in particular but seems to me the speculation driving the market is very short sighted. I see no reason litecoin wouldn't have the same long term staying power of bitcoin, even if that is zero.

[PaulConventionWV]

Haven't been following the latest mood swings in particular but seems to me the speculation driving the market is very short sighted. I see no reason litecoin wouldn't have the same long term staying power of bitcoin, even if that is zero.

The primary reason is that bitcoin has already been more or less widely (widely being the operative word) adopted in society, whereas litecoin is not widely adopted at all. It also does not offer enough unique advantages over bitcoin in order to make it a superior form of currency. When choosing between two basically equal currencies as time goes on, society will favor the one with more infrastructure in society, bitcoin. There is simply no good reason or motivation for people to adopt litecoin when we already have bitcoin infrastructure. Litecoin's value is being held up mainly by speculation and a few residual believers that think it will eventually overtake bitcoin for reasons they deem adequate.

[nayjevin]

The primary reason is that bitcoin has already been more or less widely (widely being the operative word) adopted in society, whereas litecoin is not widely adopted at all. It also does not offer enough unique advantages over bitcoin in order to make it a superior form of currency. When choosing between two basically equal currencies as time goes on, society will favor the one with more infrastructure in society, bitcoin. There is simply no good reason or motivation for people to adopt litecoin when we already have bitcoin infrastructure. Litecoin's value is being held up mainly by speculation and a few residual believers that think it will eventually overtake bitcoin for reasons they deem adequate.

That makes sense, thanks. I was sort of viewing it as inevitable that if bitcoin is accepted widely, litecoin will be the other viable option. Greater supply meaning psychologically more affordable seeming investment and increased ability to facilitate trade. Is it possible that a substantial portion of the market will accept bitcoin but not litecoin? It never occurred to me that a retailer might do that.

[PaulConventionWV]

That makes sense, thanks. I was sort of viewing it as inevitable that if bitcoin is accepted widely, litecoin will be the other viable option. Greater supply meaning psychologically more affordable seeming investment and increased ability to facilitate trade. Is it possible that a substantial portion of the market will accept bitcoin but not litecoin? It never occurred to me that a retailer might do that.

It could happen that way. I wouldn't completely dismiss that possibility, but it depends on if people think bitcoin can be useful for all forms of transactions. If that is the case, then litecoin will be seen as unnecessary and will fade from public use as the speculators begin to see the writing on the wall. In fact, I see it as likely that a substantial portion of the market will accept bitcoin but not litecoin because bitcoin would be all they would need to accept if litecoin were to fade away, which I think will happen, eventually. It may take awhile, but it really depends on how far bitcoin itself progresses since it is the trailblazer.

[muh_roads]

I wonder if pres is using his bots...

[presence]

I wonder if pres is using his bots...

For the exit last night yes... my bot dumped me (small beans) out at $19 and my big beans friend was running two offset instances:

2014-03-19 01:25 Setting the tick offset to 17 min.
2014-03-19 01:25 Trader initialized successfully. Starting balance: 3200 LTC 0 USD
2014-03-19 01:43 Currency: $0/66000.61 Assets: 3200/3200
2014-03-19 01:43 E0: 1 E1: 3 E2: 0.598 E3: 0.413 E4: 0.957
2014-03-19 02:13 Currency: $0/64474.87 Assets: 3200/3200
2014-03-19 02:13 E0: 0 E1: 0 E2: 0.026 E3: 0.858 E4: 0.424
2014-03-19 02:43 Currency: $0/62664.96 Assets: 3200/3200
2014-03-19 02:43 E0: 1 E1: 8 E2: 0.953 E3: 0.466 E4: 0.813
2014-03-19 03:13 Currency: $0/61912.32 Assets: 3200/3200
2014-03-19 03:13 E0: 0 E1: 6 E2: 0.732 E3: 0.792 E4: 0.619
2014-03-19 03:43 Currency: $0/60744.11 Assets: 3200/3200
2014-03-19 03:43 E0: 0 E1: 1 E2: 0.85 E3: 0.948 E4: 0.194
2014-03-19 03:43 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 03:43 SELL order #178504925 amount: 476 LTC @ 18.9
2014-03-19 04:12 Canceling order #178504925 as it was inactive for 1776 seconds.
2014-03-19 04:12 SELL order #178537064 amount: 530.88 LTC @ 18.89
2014-03-19 04:13 Currency: $0/49042.89 Assets: 2669.12/2669.12
2014-03-19 04:13 E0: 1 E1: 5 E2: 0.99 E3: 0.668 E4: 0.247
2014-03-19 04:13 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 04:42 Canceling order #178537064 as it was inactive for 1776 seconds.
2014-03-19 04:43 Currency: $0/58643.39 Assets: 3200/3200
2014-03-19 04:43 E0: 0 E1: 2 E2: 0.471 E3: 0.246 E4: 0.477
2014-03-19 04:43 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 04:43 SELL order amount: 263.75 LTC @ 18.28
2014-03-19 04:43 SELL order traded. Balance: 2936.24 LTC (53880 USD) 4826.33 USD
2014-03-19 04:43 SELL order #178568705 amount: 137.76 LTC @ 18.3
2014-03-19 05:12 SELL order #178568705 traded. Balance: 2798.48 LTC (51352.1 USD) 7345.85 USD
2014-03-19 05:12 SELL order #178594075 amount: 267.12 LTC @ 18.28
2014-03-19 05:13 Currency: $7345.86/53354.22 Assets: 2531.36/2935.53
2014-03-19 05:13 E0: 1 E1: 2 E2: 0.772 E3: 0.109 E4: 0.152
2014-03-19 05:13 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 05:42 SELL order #178594075 traded. Balance: 2531.36 LTC (45665.73 USD) 12219.67 USD
2014-03-19 05:42 SELL order amount: 232.39 LTC @ 18.28
2014-03-19 05:42 SELL order traded. Balance: 2298.96 LTC (41473.23 USD) 16466.13 USD
2014-03-19 05:42 SELL order #178617608 amount: 265.44 LTC @ 18.28
2014-03-19 05:43 Currency: $21312.69/58418.03 Assets: 2033.52/3201.54
2014-03-19 05:43 E0: 1 E1: 1 E2: 0.755 E3: 0.852 E4: 0.016
2014-03-19 05:43 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 06:11 SELL order #178617608 traded. Balance: 2033.52 LTC (37178.15 USD) 21312.69 USD
2014-03-19 06:11 SELL order #178639993 amount: 235.75 LTC @ 18.28
2014-03-19 06:13 Currency: $23571.67/56423.85 Assets: 1797.76/3087.67
2014-03-19 06:13 E0: 0 E1: 4 E2: 0.677 E3: 0.947 E4: 0.534
2014-03-19 06:13 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 06:41 SELL order #178639993 traded. Balance: 1797.76 LTC (32756.21 USD) 25615.52 USD
2014-03-19 06:41 SELL order amount: 428.96 LTC @ 18.25
2014-03-19 06:41 SELL order traded. Balance: 1368.8 LTC (24940.31 USD) 33552.54 USD
2014-03-19 06:41 SELL order amount: 323.11 LTC @ 18.27
2014-03-19 06:41 SELL order traded. Balance: 1045.68 LTC (19052.88 USD) 39515.81 USD
2014-03-19 06:41 SELL order amount: 506.24 LTC @ 18.24
2014-03-19 06:41 SELL order traded. Balance: 539.44 LTC (9828.9 USD) 48824.09 USD
2014-03-19 06:41 SELL order amount: 444.64 LTC @ 18.25
2014-03-19 06:41 SELL order traded. Balance: 94.8 LTC (1727.31 USD) 56994.84 USD
2014-03-19 06:43 Currency: $56994.84/58743.22 Assets: 94.8/3185.16
2014-03-19 06:43 E0: 1 E1: 1 E2: 0.983 E3: 0.326 E4: 0.005
2014-03-19 06:43 Overbought - Less than 100 LTC - Dumping Final Assets
2014-03-19 06:43 SELL order amount: 94.8 LTC @ 18.49
2014-03-19 06:43 SELL order traded. Balance: 0 LTC (0 USD) 58744.19 USD
2014-03-19 06:43 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 06:43 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:13 Currency: $58744.2/58744.2 Assets: 0/3184.38
2014-03-19 07:13 E0: 0 E1: 7 E2: 0.782 E3: 0.326 E4: 0.174
2014-03-19 07:43 Currency: $58744.2/58744.2 Assets: 0/3194.74
2014-03-19 07:43 E0: 0 E1: 5 E2: 0.038 E3: 0.687 E4: 0.898
2014-03-19 08:06 Trader stopped. Balance: 0 LTC (0 USD) 58744.19 USD




2014-03-19 01:16 Setting the tick offset to 2 min.
2014-03-19 01:16 Trader initialized successfully. Starting balance: 3200 LTC 0 USD
2014-03-19 01:28 Currency: $0/66469.52 Assets: 3200/3200
2014-03-19 01:28 E0: 0 E1: 6 E2: 0.019 E3: 0.142 E4: 0.435
2014-03-19 01:58 Currency: $0/66316.51 Assets: 3200/3200
2014-03-19 01:58 E0: 0 E1: 2 E2: 0.891 E3: 0.389 E4: 0.149
2014-03-19 02:28 Currency: $0/63944.44 Assets: 3200/3200
2014-03-19 02:28 E0: 1 E1: 4 E2: 0.849 E3: 0.25 E4: 0.189
2014-03-19 02:58 Currency: $0/62285.91 Assets: 3200/3200
2014-03-19 02:58 E0: 1 E1: 7 E2: 0.104 E3: 0.347 E4: 0.25
2014-03-19 03:28 Currency: $0/60441.97 Assets: 3200/3200
2014-03-19 03:28 E0: 0 E1: 0 E2: 0.016 E3: 0.495 E4: 0.551
2014-03-19 03:28 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 03:28 SELL order #178487925 amount: 8.95 LTC @ 18.88
2014-03-19 03:57 SELL order #178487925 traded. Balance: 3191.04 LTC (59225.7 USD) 168.88 USD
2014-03-19 03:57 SELL order #178519523 amount: 277.2 LTC @ 18.84
2014-03-19 03:58 Currency: $168.89/53944.89 Assets: 2913.84/2922.99
2014-03-19 03:58 E0: 0 E1: 7 E2: 0.352 E3: 0.092 E4: 0.787
2014-03-19 03:58 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 04:27 Canceling order #178519523 as it was inactive for 1776 seconds.
2014-03-19 04:28 Currency: $168.89/59028.02 Assets: 3191.04/3200.2
2014-03-19 04:28 E0: 1 E1: 7 E2: 0.808 E3: 0.581 E4: 0.455
2014-03-19 04:28 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 04:28 SELL order amount: 451.21 LTC @ 18.37
2014-03-19 04:28 SELL order traded. Balance: 2739.82 LTC (50522.4 USD) 8469.61 USD
2014-03-19 04:28 SELL order #178553425 amount: 324.44 LTC @ 18.39
2014-03-19 04:57 SELL order #178553425 traded. Balance: 2415.37 LTC (44539.56 USD) 14424.95 USD
2014-03-19 04:57 SELL order #178580921 amount: 254.08 LTC @ 18.4
2014-03-19 04:58 Currency: $14424.95/53965.84 Assets: 2161.29/2949.75
2014-03-19 04:58 E0: 1 E1: 5 E2: 0.63 E3: 0.169 E4: 0.852
2014-03-19 04:58 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 05:27 Canceling order #178580921 as it was inactive for 1776 seconds.
2014-03-19 05:28 Currency: $14424.95/58429.18 Assets: 2415.38/3207.16
2014-03-19 05:28 E0: 0 E1: 4 E2: 0.361 E3: 0.066 E4: 0.129
2014-03-19 05:28 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 05:28 SELL order #178606032 amount: 152.59 LTC @ 18.18
2014-03-19 05:57 SELL order #178606032 traded. Balance: 2262.78 LTC (41001.68 USD) 17194.34 USD
2014-03-19 05:57 SELL order amount: 27.89 LTC @ 18.21
2014-03-19 05:57 SELL order traded. Balance: 2234.88 LTC (40496.18 USD) 17702.74 USD
2014-03-19 05:57 SELL order amount: 54.52 LTC @ 18.2
2014-03-19 05:57 SELL order traded. Balance: 2180.36 LTC (39508.14 USD) 18696.41 USD
2014-03-19 05:57 SELL order amount: 229.94 LTC @ 18.16
2014-03-19 05:57 SELL order traded. Balance: 1950.41 LTC (35341.56 USD) 22884.87 USD
2014-03-19 05:57 SELL order amount: 139.48 LTC @ 18.18
2014-03-19 05:57 SELL order traded. Balance: 1810.92 LTC (32814.03 USD) 25424.58 USD
2014-03-19 05:57 SELL order amount: 137.37 LTC @ 18.18
2014-03-19 05:57 SELL order traded. Balance: 1673.55 LTC (30324.8 USD) 27922.13 USD
2014-03-19 05:57 SELL order amount: 174.14 LTC @ 18.18
2014-03-19 05:57 SELL order traded. Balance: 1499.4 LTC (27169.22 USD) 31085.82 USD
2014-03-19 05:57 SELL order amount: 182.18 LTC @ 18.17
2014-03-19 05:57 SELL order traded. Balance: 1317.22 LTC (23868.12 USD) 34394.87 USD
2014-03-19 05:57 SELL order #178628613 amount: 263.33 LTC @ 18.16
2014-03-19 05:58 Currency: $39176.14/58363.38 Assets: 1053.89/3205.7
2014-03-19 05:58 E0: 0 E1: 4 E2: 0.813 E3: 0.26 E4: 0.502
2014-03-19 05:58 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 06:27 SELL order #178628613 traded. Balance: 1053.88 LTC (19249.9 USD) 39176.14 USD
2014-03-19 06:27 SELL order amount: 326.74 LTC @ 18.14
2014-03-19 06:27 SELL order traded. Balance: 727.14 LTC (13281.79 USD) 45129.11 USD
2014-03-19 06:28 Currency: $45129.11/58408.35 Assets: 727.15/3198.35
2014-03-19 06:28 E0: 1 E1: 5 E2: 0.141 E3: 0.53 E4: 0.534
2014-03-19 06:28 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 06:28 SELL order amount: 17.94 LTC @ 18.24
2014-03-19 06:28 SELL order traded. Balance: 709.2 LTC (12971.37 USD) 45455.93 USD
2014-03-19 06:28 SELL order amount: 67.44 LTC @ 18.21
2014-03-19 06:28 SELL order traded. Balance: 641.76 LTC (11737.83 USD) 46684.37 USD
2014-03-19 06:28 SELL order amount: 67.95 LTC @ 18.21
2014-03-19 06:28 SELL order traded. Balance: 573.81 LTC (10494.99 USD) 47922.04 USD
2014-03-19 06:28 SELL order #178652725 amount: 19.85 LTC @ 18.24
2014-03-19 06:57 SELL order #178652725 traded. Balance: 553.95 LTC (10131.91 USD) 48283.55 USD
2014-03-19 06:57 SELL order amount: 7.76 LTC @ 18.25
2014-03-19 06:57 SELL order traded. Balance: 546.19 LTC (9989.94 USD) 48428.24 USD
2014-03-19 06:57 SELL order amount: 78.64 LTC @ 18.2
2014-03-19 06:57 SELL order traded. Balance: 467.55 LTC (8551.59 USD) 49891.89 USD
2014-03-19 06:57 SELL order amount: 116.18 LTC @ 18.17
2014-03-19 06:57 SELL order traded. Balance: 351.37 LTC (6426.65 USD) 52053.21 USD
2014-03-19 06:57 SELL order amount: 67.57 LTC @ 18.21
2014-03-19 06:57 SELL order traded. Balance: 283.8 LTC (5190.78 USD) 53310.21 USD
2014-03-19 06:57 SELL order amount: 37.03 LTC @ 18.23
2014-03-19 06:57 SELL order traded. Balance: 246.77 LTC (4513.5 USD) 53999.07 USD
2014-03-19 06:57 SELL order amount: 38.42 LTC @ 18.23
2014-03-19 06:57 SELL order traded. Balance: 208.34 LTC (3810.62 USD) 54713.97 USD
2014-03-19 06:58 Currency: $54713.97/58576.32 Assets: 208.34/3159.68
2014-03-19 06:58 E0: 1 E1: 1 E2: 0.85 E3: 0.303 E4: 0.227
2014-03-19 06:58 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 06:58 SELL order amount: 30.99 LTC @ 18.45
2014-03-19 06:58 SELL order traded. Balance: 177.35 LTC (3307.65 USD) 55290.77 USD
2014-03-19 06:58 SELL order amount: 11.04 LTC @ 18.51
2014-03-19 06:58 SELL order traded. Balance: 166.3 LTC (3101.62 USD) 55496.28 USD
2014-03-19 06:58 SELL order amount: 8.27 LTC @ 18.51
2014-03-19 06:58 SELL order traded. Balance: 158.03 LTC (2947.27 USD) 55650.24 USD
2014-03-19 06:58 SELL order amount: 32.23 LTC @ 18.45
2014-03-19 06:58 SELL order traded. Balance: 125.8 LTC (2346.17 USD) 56249.81 USD
2014-03-19 06:58 SELL order amount: 27.78 LTC @ 18.46
2014-03-19 06:58 SELL order traded. Balance: 98.01 LTC (1828.04 USD) 56766.64 USD
2014-03-19 06:58 SELL order amount: 1.34 LTC @ 18.53
2014-03-19 06:58 SELL order traded. Balance: 96.66 LTC (1802.88 USD) 56791.73 USD
2014-03-19 06:58 SELL order amount: 25.63 LTC @ 18.47
2014-03-19 06:58 SELL order traded. Balance: 71.03 LTC (1324.86 USD) 57268.54 USD
2014-03-19 06:58 SELL order amount: 5.5 LTC @ 18.52
2014-03-19 06:58 SELL order traded. Balance: 65.53 LTC (1222.18 USD) 57370.95 USD
2014-03-19 06:58 SELL order amount: 1.75 LTC @ 18.53
2014-03-19 06:58 SELL order traded. Balance: 63.78 LTC (1189.55 USD) 57403.51 USD
2014-03-19 06:58 SELL order amount: 26.65 LTC @ 18.47
2014-03-19 06:58 SELL order traded. Balance: 37.13 LTC (692.49 USD) 57899.05 USD
2014-03-19 07:28 Currency: $57899.06/58585.81 Assets: 37.13/3167.5
2014-03-19 07:28 E0: 1 E1: 6 E2: 0.717 E3: 0.051 E4: 0.466
2014-03-19 07:28 Overbought - Less than 100 LTC - Dumping Final Assets
2014-03-19 07:28 SELL order #178701638 amount: 37.13 LTC @ 18.43
2014-03-19 07:28 SELL order #178701638 traded. Balance: 0 LTC (0 USD) 58582.04 USD
2014-03-19 07:28 Overbought - Selling w/ Randomized Micro Asks
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:28 SELL order wasn't created because the amount is less than minimum order amount.
2014-03-19 07:58 Currency: $58582.05/58582.05 Assets: 0/3180.58
2014-03-19 07:58 E0: 1 E1: 8 E2: 0.997 E3: 0.282 E4: 0.318
2014-03-19 08:06 Trader stopped. Balance: 0 LTC (0 USD) 58582.04 USD

58582 + 58744 = 117,326 / 6400 = 18.33 average exit




manual buy in
117362 / 16.95 (average) = 6923


6923 - (3200+3200) =


523 LTC profit

hows that for cool beans?



I am not leaving my bot running live however... I will turn it on after MA 95x135 cross on 1d again in about 30 days (they're currently crossing right now) I have no backtest data for this phase of the bubble. What I did know was the bot was pretty good at selling off the peak. Closer to 20 would have been nice... but 100k dump @ 18.33 average works too



eta:

shortcut link

http://pastebin.com/xNjp60pB

[nayjevin]

For the exit last night yes... my bot dumped me (small beans) out at $19 and my big beans friend was running two offset instances:





58582 + 58744 = 117,326 / 6400 = 18.33 average exit




manual buy in
117362 / 16.95 (average) = 6923


6923 - (3200+3200) =


523 LTC profit

hows that for cool beans?



I am not leaving my bot running live however... I will turn it on after MA 95x135 cross on 1d again in about 30 days (they're currently crossing right now) I have no backtest data for this phase of the bubble. What I did know was the bot was pretty good at selling off the peak. Closer to 20 would have been nice... but 100k dump @ 18.33 average works too

Totally confused. So the bot works in the bear part of the bubble now?

[amonasro]

Totally confused. So the bot works in the bear part of the bubble now?

Last night was a "buy the rumor sell the news" type situation so it simulated a large exponential run-up except on a smaller scale. Looks like the bot did pretty well. Can't wait to try it out (sent you an email about it, btw pres).

[presence]

Last night was a "buy the rumor sell the news" type situation so it simulated a large exponential run-up except on a smaller scale. Looks like the bot did pretty well. Can't wait to try it out (sent you an email about it, btw pres).

^^yep

So this past 72 hours was a large bullish spike at the end of an otherwise bear market... so once we were well up into the spike we initialed the bot live for testing purposes... each with about 20% of our bank. The goal was "let it make the sale while we sleep and turn it off in the morning". It was a risky proposition because its largely untested in this market and we had 6 figures riding. The drop was very sudden... so a lot was left on the table at the peak... but nonetheless... the bot dumped and dumped well without continuing to push the price down at the mid 18's. This left us in good position to re acquire manually 24 hours later.

[presence]

On "initialzing your dragon slayer"

[PaulConventionWV]

Pres, how do I know which MAs I'm looking at on bitcoinwisdom?

[muh_roads]

For the exit last night yes... my bot dumped me (small beans) out at $19 and my big beans friend was running two offset instances:





58582 + 58744 = 117,326 / 6400 = 18.33 average exit




manual buy in
117362 / 16.95 (average) = 6923


6923 - (3200+3200) =


523 LTC profit

hows that for cool beans?



I am not leaving my bot running live however... I will turn it on after MA 95x135 cross on 1d again in about 30 days (they're currently crossing right now) I have no backtest data for this phase of the bubble. What I did know was the bot was pretty good at selling off the peak. Closer to 20 would have been nice... but 100k dump @ 18.33 average works too

Two accounts with 3200 LTC each...that's a lot. 260 ltc gain for each account. Nice.

[muh_roads]

So now is still a good time to accumulate. We reach marker A in 30 days or so is your guess?

[Suzu]

Does anyone have a clue whether bitcoin will be going up in value anytime soon? Seems like lately it's been going down consistently.

[PaulConventionWV]

Does anyone have a clue whether bitcoin will be going up in value anytime soon? Seems like lately it's been going down consistently.

Are you holding any?

[presence]

IN TODAY's CRYPTO CURRENCY NEWS






Hong Kong Betting Big On Bitcoin
http://dealbook.nytimes.com/2014/03/19/in-hong-kong-betting-big-on-bitcoin/

Bitcoin Gets Security Fixes and New Features
http://www.pcworld.com/article/21102...-features.html

Altcoins - Brave New World Beyond Bitcoin
http://www.foxbusiness.com/personal-...eyond-bitcoin/

Fortress, Benchmark and Ribbit Buy Stake in Pantera Bitcoin
http://dealbook.nytimes.com/2014/03/...ntera-bitcoin/

Facebook Security Director, Amazon BD Director Join Bitcoin Startup Coinbase
http://techcrunch.com/2014/03/19/fac...rtup-coinbase/

SEC inquiry in Bitcoin Gambling Stocks
http://www.bloomberg.com/news/2014-0...c-inquiry.html

Slate Magazine talks IRS and Bitcoins
http://www.slate.com/blogs/business_...ax_return.html

SecondMarket will open Private Bitcoin Fund
http://www.coindesk.com/secondmarket...und-investors/

3 Celebs Jumping on the Bitcoin Bandwagon (and One Who Says She's an 'Idiot' for Missing It)
http://www.entrepreneur.com/article/232359

$500,000 in Bitcoin Just Bought Someone a Villa in Bali
http://www.nbcnews.com/tech/internet...la-bali-n57211

Potential Return for Bitcoin Is Huge: Miller
http://www.bloomberg.com/video/poten...s4FjaFxRw.html

Lawmakers think Japan should be Bitcoin Leader
http://blogs.wsj.com/japanrealtime/2...itcoin-leader/

My business accepts Bitcoins By Parija Kavilanz @CNNMoney
http://money.cnn.com/2014/03/17/smal...itcoin-bitpay/

CNBC: Warren Buffett is wrong on bitcoin
http://www.cnbc.com/id/101504218

Treasury’s Cohen Sees No Widespread Criminal Bitcoin Use
http://www.bloomberg.com/news/2014-0...urrencies.html

Business Times - Enter the bitcoin
http://www.nst.com.my/business/today...tcoin-1.523830

York Revolution to start accepting Bitcoin for ticket purchases
http://www.ydr.com/revolution/ci_253...cket-purchases

Bitcoin remains popular abroad
http://www.al.com/business/index.ssf...ar_abroad.html

Bitcoin Payments Startup Coin.ph Launches with Two Major Filipino Merchants
http://www.coindesk.com/asia-bitcoin...ino-merchants/

Streamin’ Garage Announces World’s First Bitcoin Game Show
http://www.coindesk.com/streamin-gar...oin-game-show/

Bitcoin Hedge Fund Partnership Shows Interest from Pro Investors Rising
http://moneymorning.com/2014/03/19/b...estors-rising/

2nd local bitcoin ATM put in Harvard Square
2nd local bitcoin ATM put in Harvard Square


Bitcoin Exchange Blames Data Center Provider for $100,000 Theft
http://www.datacenterknowledge.com/a...-100000-theft/

Bitcoin Gains Ballast As Investors Continue To Pile In
http://techcrunch.com/2014/03/18/bit...ue-to-pile-in/

Gold vs. bitcoin: An apocalyptic showdown
http://finance.fortune.cnn.com/2014/03/19/gold-bitcoin/

The Bitcoin Bugle: Mike Novogratz Still Thinks Bitcoin Is Great
http://dealbreaker.com/2014/03/the-b...coin-is-great/

Bank troubles boost bitcoin utility, say marketers
http://cyprus-mail.com/2014/03/20/ba...say-marketers/

African banks should innovate around Bitcoin – Kipochi
http://www.humanipo.com/news/41445/a...tcoin-kipochi/

BitBeat: Bitcoin Gets Shakespearean
http://blogs.wsj.com/moneybeat/2014/...shakespearean/

A Guy Who Owns A Bitcoin-Only Electronics Store Is Revealing Everything On Reddit
http://www.businessinsider.com/e-com...bitcoin-2014-3

Space on Columbia’s Main Street can be rented for Bitcoin
http://www.thestate.com/2014/03/18/3...in-street.html

Guest article: Must-know facts about bitcoin
http://timesofindia.indiatimes.com/t...w/32141564.cms

International Business Times Cryptocurrency News Round-Up: Bitcoin Denial
http://www.ibtimes.co.uk/cryptocurrency-news-round-spaincoin-soars-auroracoin-drops-dogecoin-tweet-bitcoin-denial-1440615

Bitcoin: Silicon Valley's new version of real estate?
http://finance.fortune.cnn.com/2014/...f-real-estate/


Underground Vault Offers Bitcoin Protection With Armed Guards, Biometric Scanners
http://abcnews.go.com/blogs/business...tric-scanners/


BitBeat: KnCMiner Flips the Scrypt;
Sells $2 MILLION of New Mining Rigs in FOUR HOURS
http://blogs.wsj.com/moneybeat/2014/...in-four-hours/

California’s First Bitcoin ATM To Be Installed Tomorrow
http://www.valuewalk.com/2014/03/cal...t-bitcoin-atm/

Regulators don’t want to regulate bitcoin, says BitPay’s Gallippi
http://finance.yahoo.com/blogs/daily...161753454.html


Fortune: A Gold vs. Bitcoin Smackdown Could Be a Tie
http://www.moneynews.com/investingan.../19/id/560532/

Mt. Gox Lets Users Log In to Check Bitcoin Balance
http://www.nbcnews.com/business/mark...balance-n55696


Institutional Investors: SURPRISE! You're holding Bitcoin!
http://www.pionline.com/article/2014...utm_medium=rss

Investment in Bitcoin startups hit USD117.5m
https://www.asia-first.com/newslette...usd117.5m.html

Bitcoin Turmoil Hasn't Turned Off Venture Capital Tap
http://blogs.ft.com/tech-blog/2014/0...nvestment-tap/

Bitcoins may be bartered, but they’re not money
http://www.abqjournal.com/371415

Minimum Bitcoin Fees slashed 10X
http://www.forexnews.com/blog/2014/0...ashed-tenfold/

[presence]

Pres, how do I know which MAs I'm looking at on bitcoinwisdom?

SETTINGS >> INDICATOR PARAMETERS

[presence]

So now is still a good time to accumulate. We reach marker A in 30 days or so is your guess?

30 DAYS is a good estimate... but look for the right shoulder resistance and 45x135 1d cross for your confirmation.

[presence]

Does anyone have a clue whether bitcoin will be going up in value anytime soon? Seems like lately it's been going down consistently.

Yes I'm quite bullish looking into April, May and June. Have a look through the charts posted above.

[Suzu]

Yes I'm quite bullish looking into April, May and June. Have a look through the charts posted above.

I couldn't understand any of those charts if my life depended on it. (Please save your time trying to explain them to me -- I just don't have the head for it.)

All I wanted to know is what y'all think will be happening with the price of bitcoin in the near term. I don't even understand "bullish".

[PaulConventionWV]

I couldn't understand any of those charts if my life depended on it. (Please save your time trying to explain them to me -- I just don't have the head for it.)

All I wanted to know is what y'all think will be happening with the price of bitcoin in the near term. I don't even understand "bullish".

If you're holding bitcoin right now, suffice it to say just keep holding a few months and I think you'll like what you see.

[muh_roads]

30 DAYS is a good estimate... but look for the right shoulder resistance and 45x135 1d cross for your confirmation.

I don't think it is unreasonable to assume we could keep dropping to 024 as a new floor before she starts moving again.

What are your thoughts?

[muh_roads]

Any thoughts on PPC? It's really cheap right now.

[presence]

Any thoughts on PPC? It's really cheap right now.

Yes, agreed. 2.7 is a great price for ppc even if you just take it short to 2.9

[xPario]

Hey guys, I've been lurking here for a while and decided to finally create an account and post a little.
Anyways, I bought BTC back in the November bubble, invested ~$10k usd and lost ~$7k. The loss is no problem because I've learned alot and I'm hoping to get atleast half of it back in this next bubble, whenever (or if) it comes. I bought back in (LTC) a few days ago at around $16.8 and then sold incrementally from $17.5-$18.5 with the whole Huobi news thing. I set my sell orders overnight, and when I woke up they had all filled (yay!). Since I'm homeschooling I sit at the computer alot so I always have a tab open with bitcoinwisdoms LTC/USD chart. When I saw it was going back up and the volume looked ok, I thought "what the hell, why not buy back in!"... So I bought back in at about $19.2 and WHOOOP down it went. So what I'm wondering is, what exactly is the best strategy for this kind of trading? As there are obviously a group of people controlling the entire market during these non-"hype" periods, what should I do? Just set sell orders at 0.038/0.04/0.041/0.042, accept my loses and invest in real stock, or are there any sites that have information on market trends and stock trading that are easy to understand and are written in the same format as the "for dummy" series? I've picked up a little from all the posts in here but it's not really something that is learnt overnight.

Sorry for the wall of text but I'm just a little torn on what to do.

[presence]

I don't think it is unreasonable to assume we could keep dropping to 024 as a new floor before she starts moving again.

What are your thoughts?

LTCBTC 4h MA 400 was resistance, it is now support; MA 800 4h just turned hard up and now is rising steady; supporting.

I'm in LTC I essentially held through the whole "thing" this past 3 days except for the 20% I had riding on my bot (sold 19); which I've bought back in with already @ 17.

I'm looking for 26.5 or 0420 or bust.

We took too much too fast and it didn't last; but we're still supported and rising.

0240 is a risky proposition; I'm holding.

[muh_roads]

LTCBTC 4h MA 400 was resistance, it is now support; MA 800 4h just turned hard up and now is rising steady; supporting.

I'm in LTC I essentially held through the whole "thing" this past 3 days except for the 20% I had riding on my bot (sold 19); which I've bought back in with already @ 17.

I'm looking for 26.5 or 0420 or bust.

We took too much too fast and it didn't last; but we're still supported and rising.

0240 is a risky proposition; I'm holding.

Do you think it is a false sense of support because the BTC price has dropped? Keeping the LTC/BTC ratio high?

Thanks for the input. Still can't wrap my head around MA completely.

[presence]

Hey guys, I've been lurking here for a while and decided to finally create an account and post a little.
Anyways, I bought BTC back in the November bubble, invested ~$10k usd and lost ~$7k. The loss is no problem because I've learned alot and I'm hoping to get atleast half of it back in this next bubble, whenever (or if) it comes. I bought back in (LTC) a few days ago at around $16.8 and then sold incrementally from $17.5-$18.5 with the whole Huobi news thing. I set my sell orders overnight, and when I woke up they had all filled (yay!). Since I'm homeschooling I sit at the computer alot so I always have a tab open with bitcoinwisdoms LTC/USD chart. When I saw it was going back up and the volume looked ok, I thought "what the hell, why not buy back in!"... So I bought back in at about $19.2 and WHOOOP down it went. So what I'm wondering is, what exactly is the best strategy for this kind of trading? As there are obviously a group of people controlling the entire market during these non-"hype" periods, what should I do? Just set sell orders at 0.038/0.04/0.041/0.042, accept my loses and invest in real stock, or are there any sites that have information on market trends and stock trading that are easy to understand and are written in the same format as the "for dummy" series? I've picked up a little from all the posts in here but it's not really something that is learnt overnight.

Sorry for the wall of text but I'm just a little torn on what to do.

Learn and Trade the 3d log scale chart with RSI 1st. Look at MtGox and Stamp for older data. Don' try to day trade until you have a firm grasp on 3d log scale and the images on the first post of this thread.

best of luck!

[XTreat]

Hey guys, I've been lurking here for a while and decided to finally create an account and post a little.
Anyways, I bought BTC back in the November bubble, invested ~$10k usd and lost ~$7k. The loss is no problem because I've learned alot and I'm hoping to get atleast half of it back in this next bubble, whenever (or if) it comes. I bought back in (LTC) a few days ago at around $16.8 and then sold incrementally from $17.5-$18.5 with the whole Huobi news thing. I set my sell orders overnight, and when I woke up they had all filled (yay!). Since I'm homeschooling I sit at the computer alot so I always have a tab open with bitcoinwisdoms LTC/USD chart. When I saw it was going back up and the volume looked ok, I thought "what the hell, why not buy back in!"... So I bought back in at about $19.2 and WHOOOP down it went. So what I'm wondering is, what exactly is the best strategy for this kind of trading? As there are obviously a group of people controlling the entire market during these non-"hype" periods, what should I do? Just set sell orders at 0.038/0.04/0.041/0.042, accept my loses and invest in real stock, or are there any sites that have information on market trends and stock trading that are easy to understand and are written in the same format as the "for dummy" series? I've picked up a little from all the posts in here but it's not really something that is learnt overnight.

Sorry for the wall of text but I'm just a little torn on what to do.

Read this whole thread and you will know everything I know.

[presence]

Do you think it is a false sense of support because the BTC price has dropped? Keeping the LTC/BTC ratio high?

Thanks for the input. Still can't wrap my head around MA completely.

Burn figures 1&2 into your retinas; stare until it clicks:

http://www.investopedia.com/universi...gaverages1.asp



I think LTCBTC is still rising. My 0420 ceiling may have been far reaching... but I expect 03600 still before we begin our decline into the next bubble.