Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
First you speculate in favour towards LTC, than you breaking bad and start new speculation towards ETH, and when all important parts played, you start thinking that you should not do that at all (read speculation). This is so so bad of you. You've got a lot of appreciation in other posts and now you act like guys in Twitter, that manipulate price, the only difference is that they do not write pages of excuses and have bigger audience to be manipulated.
You've panic dude, and you created it for your followers, not a smart move.
Dude, it's up to YOU to have done your own due diligence on anything you invest in. You must have conviction! If you're literally trading off the analysis of one person, then you're fucked anyways. Read what @iamnotback says, as it's highly valuable, but you have to UNDERSTAND what he is saying, form your own opinions, and combine it all with analysis from other knowledgeable people in the industry. We have many... Andreas Antonopoulus, Trace Mayer, Tone Vays, Tuur Demeester, etc.
My message was to point to "double standards", and it was my personal observation, you might see it in different angle.
Make long story short, whole market for a past days were saying that LTC is very easy can be manipulated by Miners (F2Pool especially) and so on and so forth, this dude was showing very strong believe in LTC rise, even in todays posts, and he just breaks bad. This is it. Now his strong confidence in ETH, and he just 180 degree mindset change in LTC, there is not that much in his messages about success of LTC, but a lot about his personal concerns. That is why I do not see any difference between him and LTC miners. Also he speaks about his believes and that it is not about speculation, really? He speaks about value and visions, and believes, really?
My opinion if you speak about vision and believe, you have to think about people as-well that will share and provide support. And his actions does not speak about people care, despite that he really not obliged to.
As of me I stay with LTC on long term and I do not blame this person as he did not impact any of my decisions. I just question his, values.
My dear retardedness, here are some historical posts from this thread for your edification about whether I was ever expressing skepticism about Litecoin:
FYI, I took profits on this surge and wait to buy back again later, because I think actually attain activation is going to take at least 2 weeks and probably longer.
In the meantime, I have bought ETH. It is in a descending wedge pattern that is going to close within 24 hours. It looks like it has to break to the upside. Perhaps Ethereum will make some announcement on the Raiden (LN clone) upgrade coming. Looks like they will beat Litecoin to having a rudimentary beta of off chain scaling.
In the meantime, I have bought ETH. It is in a descending wedge pattern that is going to close within 24 hours. It looks like it has to break to the upside. Perhaps Ethereum will make some announcement on the Raiden (LN clone) upgrade coming. Looks like they will beat Litecoin to having a rudimentary beta of off chain scaling.
What are you proposing the smart money go to? Litecoin and the uncertainty of getting Segwit via miners or UASF?
No. I think we have to trade this manipulation on Litecoin, noting that he will again run the price up and then frustrate everyone to incite a UASF fork attempt. My new speculative theory is he wants us to feel like we are on a yoyo that he controls in order to incite the MOB to break out their pitch forks. Or just stay on the immutable fork of Bitcoin as the safest holding.
Sell any and all forks not approved by Jihan.
It is risk versus reward. I am not going to buy that dogshit PIVX at the top of a recent pump, with only a potential 100% gain.
I'll risk on LTC, because the upside potential is 300+% gain and the downside seems small now, unless the entire SegWit on Litecoin is a mirage.
I have to learn to never second guess my convictions:
I sold my LTC. It broke down out of the symmetric wedge. Now we have to see if it is a false breakdown with a pullback. Otherwise it is headed back to 0.0075 or below. The market apparently is very doubtful, so maybe we have to pullback and reload.
Guys (@iamnotback, @dinofelis),
What are your thoughts on the increased talk of UASF for Litecoin? https://www.reddit.com/r/litecoin/
What are your thoughts on the increased talk of UASF for Litecoin? https://www.reddit.com/r/litecoin/
UASF is very dangerous and subject to manipulation.
How do you know who will sell which fork for sure?
You've got one chance to get SegWit on Litecoin, which is because it is in the miners' vested interest and otherwise Litecoin has no reason to exist. Scaling has to go somewhere since Bitcoin will never get it.
...
I think it makes the value of the coin collapse forever, because investors can't trust a democracy to make sane decisions.
Litecoin needs to become immutable, but it needs to add SegWit for off chain scaling before the marketcap grows and becomes immutable forever after.
https://twitter.com/shaolinfry/status/850995104240336896
A single truth a rumor of Jihan using his power to crush segwit is already crashing the market hard, just like everytime he makes an statement about blocking segwit in BTC and so on.
Im sick of this bullshit, we need to get rid of this idiot. UASF segwit or whatever I don't give a fuck, im sick of a single guy with a ton of mining power crashing markets at will and make millions shorting while doing nothing. This is fucking NUTS.
A single truth a rumor of Jihan using his power to crush segwit is already crashing the market hard, just like everytime he makes an statement about blocking segwit in BTC and so on.
Im sick of this bullshit, we need to get rid of this idiot. UASF segwit or whatever I don't give a fuck, im sick of a single guy with a ton of mining power crashing markets at will and make millions shorting while doing nothing. This is fucking NUTS.
Ah Chinamen are manipulating the price of LTC, shaking out the weak hands and day traders so they can buy some more LTC cheap.
I also read that LTC1BTC was flashing 700 GH/s on their website. It is a lot of BS lies to manipulate the price.
UASF would fuck the coin because nobody wants to trust a democracy with their money.
Just be patient, the Chinamen want higher prices, they just want to extract the most they can on the way up.
I actually love what these miners are doing. Because they will create huge demand for my altcoin which doesn't use PoW. Many pissed off users/investors are going to looking for something better that miners can't fuck with. The day traders love the volatility.
I suppose someone is making a lot of money off of these segwit hopers. If the sheep react so predictably, the wolf can run rings around them.
Yup.
I don't think that markets are crashing because of the non adoption of segwit. The thing is, bitcoin's speculative market would likely benefit gelreatly if consensus was finally reached. So far though, in spite of the lack of agreement among parties with influence, the price reached ATH levels. This is indicative that speculators don't really care.
I think everyone got excited because they thought @Gmaxwell could slay Bitmain. But now the reality is starting to hit people. Bitcoin is NEVER going to get any more significant changes to its protocol.
Looks to me that BTC is topping out again and another ride down awaits.
Should have traded BTC's top for LTC's recent bottom. Trade it like a seesaw.
I was also weighing in my mind posts from others such as this one you should have read in this thread for a balancing set of information (since I did not respond disagreeing with it, so it means I don't disagree with his points):
FYI, I took profits on this surge and wait to buy back again later, because I think actually attain activation is going to take at least 2 weeks and probably longer.
although i think SegWit news is more powerful than the activation itself but i am also a bit scared of getting in now after i took some profit out.
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In the meantime, I have bought ETH. It is in a descending wedge pattern that is going to close within 24 hours. It looks like it has to break to the upside. Perhaps Ethereum will make some announcement on the Raiden (LN clone) upgrade coming. Looks like they will beat Litecoin to having a rudimentary beta of off chain scaling.
haha, to be honest i wouldn't be surprised if they announced it even premature.
Ethereum owners seem to be like showmen who have some tricks or jokes up their sleeves and are keeping it if they get stuck or start losing the audience
let's watch and see what happens. price is currently at 0.0356BTC according to bittrex.