Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?
Look at Darkcoin. +30% last 24h, yeah that's sustainable.
I too have noticed that alts like LTC and DOGE are not following BTC, they are flat or even seeing new lows (DOGE).
I suspect Darkcoin and perhaps a few other alts have something to do with it. Darkcoin has anonymous transactions. Now, ignore Darkcoin and that for a second, my point is really that LTC and DOGE has basically nothing that BTC does not have (LTC has slightly faster transactions, DOGE has MARKETING) and that leaves the door open for any new altcoin that does something which is fundamentally different (more anonymous transactions, for example).
Regardless, it seems BTC has come out #1 and left the challengers in the dust this round.
Darkcoin saved my alt portfolio, but i think other ults will start pumping, when the new crypto proponents enter, this space, (they all dislike bitcoin for some reason and justify using alts, just wait until the feedback loop starts)
At the start of the bitcoin run up from $120 to $1,000 i picked up a fiew LTC at $3 it then outperformed bitcoin i believe for the reason above. I never thought it could take off, but it did. The same thing will happen to a few select alts, not sure how LTC will go though, but it will be something to monitor.