Quote from: Kj1 on November 30, 2013, 08:44:28 AM

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...

Gambling with profit doesn't amount to "not risking anything", that's silly.

Anyway, I think the manipulation thing is overblown. If one player could crash the market to get cheap coins, that would have happened already. April happened because we all got goxxed.

The wise trader waits for cheap alts and holds until he can flip them for a profit. Only idiots are piling in right now, it's nothing but gambling - and don't be fooled, there IS a house (BTC-e takes a cut, and so do the algo-traders and manipulators). I'll be taking another look at LTC when it's back below 0.01.