Ninjastic
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Board Speculation
Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
by
coinling
on 10/04/2017, 13:35:18 UTC
Quote from: iamnotback on April 10, 2017, 07:26:05 AM
Quote from: Herbert2020 on April 10, 2017, 06:24:32 AM
Quote from: BrainyNetwork on April 10, 2017, 04:47:12 AM
Quote from: iamnotback on April 10, 2017, 03:50:29 AM
The volume on LTC is building. LTC has far too high of volume lately to stay so undervalued. The pressure is building. Also, fiat is coming into LTC via Coinbase, so that in my mind is enough to push LTC's price up regardless of SegWit activation.

The volume is indeed insanely high.
...
I can't see LTC not going up again  Smiley

when price is changing volume goes up too, it doesn't matter if it is changing for the better or for worse (down or up) and it only shows people who are making trades to take advantage of the changing price in short term aka day trading. and you can't say it is positive. and in this case the high volume shows a massive dump in the past 24 hours.

what is positive and shows good signs is when price is stable or with little change but the volume is high which shows accumulation with smart money coming in without anybody noticing.

i am not saying litecoin can not go up again, i am saying your conclusion is wrong.

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 Jihan 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.

The market is stupid because Bitcoin will actually benefit from scaling on Litecoin, but the market has to go through its gyrations. In any case, my thesis is Bitcoin remains range bound until Litecoin catches up, because the charge says "It Is Just Time" and because Bitcoin can't move up until there will be scaling in the Satoshi's PoW ecosystem. Litecoin will get it, Bitcoin won't, but that it is a good thing for Bitcoin. Market doesn't realize any of this yet, but the smart money does.


Why do you think bitcoin can't move up without scaling ?
Besides, i think there will definitely be solutions for bitcoin scaling out in future. Bitcoin will move slowly in this direction and it should take care of its trusted secure network, that's why they can't take fast roads like other coins right now.

What do you mean by that is a good thing for Bitcoin ?
Will bitcoin just switch to Segwit once they see how it runs on litecoin , or will Bitcoin be scalable by using Litecoin as interaction?!?