Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
I actually find it funny how all the altcoin lovers that preach against Bitcoin being slow and not profitable enough, are now selling their so loved altcoins for BTC in order to benefit from the increase lately. 
Those who want more profits try to trade between BTC and altcoins on a see-saw. After BTC peaks, then the altcoins go on a run up, as BTC runs out to altcoins. Then back to BTC or hold in dollars again. Repeat.
Also taking speculations on ICO and mined launches of best-of-breed altcoins has been a way to accumulate more BTC.
Smart money wants to build their stack of BTC any way they can and doesn't waste time with hands-tied-behind-back perma-bull, uni-asset ideology.
Crypto-curreny is an ecosystem. Not a monotheism. Leave the religion to the losers. Smart money is objective.
LTC (Litecoin) has the similar chart pattern as BTC. It has in the past followed BTC moves on a delay, with much greater percentage gains.
I would guess after BTC hits the peak of this move (probably at the handle of the C&H at ~$800ish), then LTC will blast off, if not before.
i couldn't agree more.
they don't call litecoin as the second to bitcoin (silver) for nothing!
i have been seeing the same patters each time there is a movement in bitcoin price. and this time there has been a big uprise in bitcoin and on litecoin front, it has been stable around 0.006BTC for a long time and it was being accumulated. in other words everything is ready there for a huge rise to 0.01+
Just be aware the wait could be longer than you expected. So only invest in LTC what you don't need for a year.