BitCoin Future Prices

aleks said:
Nice mean reversion in LTC down to $4, the first-ish run up of the mega bubble in november to december 2013, bitcoin was about $200 to $280, litecoin rallies were lagging btc. Sign of things to come for BTC?
Click to expand...

Not sure bitcoin will follow LTC a lot of people were speculating that LTC would take off but if really didn't do much. No innovation, no merge mining and not really a lot of market acceptance. BTC on the other hand has had quite a few major retailers start accepting it since then!
 
brisbanecoin said:
aleks said:
Nice mean reversion in LTC down to $4, the first-ish run up of the mega bubble in november to december 2013, bitcoin was about $200 to $280, litecoin rallies were lagging btc. Sign of things to come for BTC?
Click to expand...

Not sure bitcoin will follow LTC a lot of people were speculating that LTC would take off but if really didn't do much. No innovation, no merge mining and not really a lot of market acceptance. BTC on the other hand has had quite a few major retailers start accepting it since then!
Click to expand...

I don't really pay any attention to digital currencies but do you think people got on board with LTC initially because it was suggested Mt Gox was going to give it attention?
After that was completely ruled out for obvious reasons it didn't really have anywhere to go but down unless I'm missing something?

It's not supported by anyone of note, just seems like a vehicle to trade ratios and now it looks to be done?
 
Aureus said:
brisbanecoin said:
aleks said:
Nice mean reversion in LTC down to $4, the first-ish run up of the mega bubble in november to december 2013, bitcoin was about $200 to $280, litecoin rallies were lagging btc. Sign of things to come for BTC?
Click to expand...

Not sure bitcoin will follow LTC a lot of people were speculating that LTC would take off but if really didn't do much. No innovation, no merge mining and not really a lot of market acceptance. BTC on the other hand has had quite a few major retailers start accepting it since then!
Click to expand...

I don't really pay any attention to digital currencies but do you think people got on board with LTC initially because it was suggested Mt Gox was going to give it attention?
After that was completely ruled out for obvious reasons it didn't really have anywhere to go but down unless I'm missing something?

It's not supported by anyone of note, just seems like a vehicle to trade ratios and now it looks to be done?
Click to expand...


Could be....Also at the time of the run up there wasn't that many semi stable coins that transferred quickly so I think a lot of people used it for arbitrage between exchanges now there is so many ALTs that transfer very quickly and have a bit of volume on them (making them stable enough to buy, send, and exchange) so just my opinion but litecoin has lost a lot of its useability.
 
well no volume even at $4, I hope no one here has a healthy amount of these things.
 
Already recovering on BTC-e to a par with other exchanges - over 7000 BTC were dumped in a matter of minutes. A whole bunch of people with aspirational buy orders would have just made 25% paper profits on their newly acquired bitcoin.
 
Aureus said:
well no volume even at $4, I hope no one here has a healthy amount of these things.
Click to expand...

Take a look at the number of alts on bitcoinwisdom with double digit negative losses for the last 30 days - or now, even 7 days. There's usually only 3 or 4 that at any one time have net growth over 30 days. DRK which was the darling of the traders is now down to 300K satoshi, when only a few months ago it was trading for a few million satoshi. Holding alts for a long period is just a new way to pour money down the internet.
 
sooo how did everyone make out with the cheap coins? thanks to goldpelican for the darkcoin tip, almost a full recovery :)
 
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