Quote from: MirkoIta on April 10, 2017, 09:53:02 AM

Quote from: Mike8 on April 10, 2017, 09:20:09 AM

Quote from: iamnotback on April 10, 2017, 07:19:18 AM

The volume is extremely high but it is not a panic waterfall collapse. That to me is very bullish. It indicates to me the smart money is trying enter at the lowest price they can before the next blast off.

Nearly all the altcoins are down because the market is confused and thinks that Blockstream has defeated Jilian Wu's BU, but I expect BTC is topping out at $1200 (range bound as I predicted many days ago) once the market realizes that this BS about SegWit signaling on Bitcoin gaining momentum is nonsense. Bitcoin will never get scaling. The market will digest this, Bitcoin will stumble and Litecoin will rocket up.

IMHO it was a big pump and the dump is just happening.
Bitcoin is recovering good and the funds will fly back from LTC to BTC.

Let's hope not but this seemed just a big pump and dump on the hype of SegWit implementation. It would be really bad for LTC if this was only a way for the big pools and holders to get rid of their litecoins.

to be fair SegWit has been around for a long time and the rise started before any change taking place in the adoption of it (29 and 30 of March).
then after the initial rise the SegWit adoption by F2pool started and pushed it up to 70%ish the day after the rise.
and this proves it is just a pump like any other altcoin pump.

and no it is not bad, we all know what altcoins are and apart from some small group of people who expect more of them, we see them as what they really are and what they offer. nothing more and nothing less.

the price however is on a roller coaster right now which is so funny to watch when you have nothing at stake.