Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Kj1
on 30/11/2013, 08:44:28 UTC
noticed a pattern, just before the april correction, there was a huge LTC pump. (from .05 to .5 in 2 days).
Then a steady selloff; like one increased their btc stash significantly.
After huge LTC dumps at higher prices, the selloffs at gox started (like one day later).

Now, LTC was pumped from .08 to .5, now steadily dropping with huge (several times >5K btc) selloffs.
Pattern? Bad sign?  Or just coincidence?

It looks logical to increase your BTC amount by playing altcoins, if you have a decent amount of btc you can really manipulate the altcoin market. Then cash out the profit using btc (gox), causing a drop and hopefully a panic sell.  Then buy back low.  I guess you'd be able to make at least x10 using this in a few days, if you are lucky and have the balls.  Anyway, by only gambling with profit from the altcoins the gambler doens't risk anything...