Re: rpietila Wall Observer - the Quality TA Thread ;)

* The price of LTC is $4.9290
* LTC will have 4 x the supply of BTC
* Thus, the value of LTC should be BTC/4.
* The fair value of BTC could therefore be LTC/USD * 4

4.9290 * 4 = $19.7

My suggestion: Short the rallies, avoid buying back on dips.

OK...in other news:

* Your Ford Pinto is worth $900
* A Ferrari goes about 3x as fast
* Thus, the value of the Ferrari is 3x the value of a Pinto
* The fair value of a Ferrari is $900 * 3 = $2700

I cannot see why ltc would have any long term value.

At the very least, it is beyond ridiculous to:
1) peg the value of BTC to the market price of the lesser LTC
2) assign that value by virtue of nothing other than quantity