The Litepresence Report on Cryptocurrency

[presence]

yikes. Stamp lost 19,000 BTC in that heist

http://www.coindesk.com/analysis-bitstamp-hacker-stolen-additional-1-75-million/

 

[muh_roads]

yikes. Stamp lost 19,000 BTC in that heist

http://www.coindesk.com/analysis-bitstamp-hacker-stolen-additional-1-75-million/

Which was 2% of the gox loss.

Back online again. Looks like they are now using BitGo for multi-sig wallet security. BTW, Armor Wallet has multi-sig now too. It's called LockBoxes.

 

[Dianne]

Wow, woke up this morning to $1.85 LTC. Does that have anything to do with stamp?

 

[muh_roads]

Wow, woke up this morning to $1.85 LTC. Does that have anything to do with stamp?

If you wanna double your value by rebuying later, I think you should sell the LTC. It's going to follow BTC down till it hits that 200 range. Let a charter maybe plot it out for you better, but pres is saying 80 cents. I read something similar this morning that the bottom will be half of what it is now...not as bleak as pres, but still bleak. I am assuming that will be when BTC is $200'ish.

 

[Dianne]

If you wanna double your value by rebuying later, I think you should sell the LTC. It's going to follow BTC down till it hits that 200 range. Let a charter maybe plot it out for you better, but pres is saying 80 cents. I read something similar this morning that the bottom will be half of what it is now...not as bleak as pres, but still bleak. I am assuming that will be when BTC is $200'ish.

I'm in fiat right now just waiting and watching. Did the article give a time table for the ltc drop? Do you think it will be gradual over time or a flash crash?

 

[presence]

 

[PaulConventionWV]

I still think this may be a good time to go long in BTC. Go to the link for a description:
https://www.tradingview.com/v/sXsRtLOZ/

 

[Dianne]

Are we still looking for LTC around 80 cents?

 

[presence]

I still think this may be a good time to go long in BTC. Go to the link for a description:
https://www.tradingview.com/v/sXsRtLOZ/

I disagree

There is no volume signal.

It will fall through the floor.

Honeybadger is still holding fiat.

Last trades:

SELL 349
BUY 312
SELL 322

High volume bitfinex exchange shown.

Buying 299 long at buy confirmation line break. Else holding fiat short for 220.

 

[muh_roads]

Are we still looking for LTC around 80 cents?

Check your PM

 

[presence]

Are we still looking for LTC around 80 cents?

I wouldn't touch it with a ten foot pole right now.

If you want to "snag the bottom" do it under a dollar on open orders.

If you want to enter LTC long... wait until the 10/90 1 day cross... then wait until the first 12h candle with 50K LTC volume at BTCe with price over 1 day 90 MA. The last such event was Nov 2nd 2013.

...but then again...

Once Gox adds Midas, they will add Litecoin, thats what we're waiting for.

 

[Dianne]

I wouldn't touch it with a ten foot pole right now.

If you want to "snag the bottom" do it under a dollar on open orders.

If you want to enter LTC long... wait until the 10/90 1 day cross... then wait until the first 12h candle with 50K LTC volume at BTCe with price over 1 day 90 MA. The last such event was Nov 2nd 2013.

...but then again...

Once Gox adds Midas, they will add Litecoin, thats what we're waiting for.

Oh thanks, that's really helpful information !! I've been burned by LTC too many times already.

 

[presence]

yikes chikun takin' it

 

[muh_roads]

LOL people are screaming bloody murder on twitter and I'm just sitting here getting a boner watching the "estimated BTC" balance grow...

We're so close to under 220. I think this shit is going to bounce fucking hard. I think it will feel like somewhere between the SR1.0 takedown pump and SR2.0 takedown pump...leaning closer to the 2.0 pump.

I'm expecting a run to 500.

Don't forget to report your 2014 losses on taxes. You get 1/3rd back in real money.

 

[presence]

I disagree

There is no volume signal.

It will fall through the floor.

Honeybadger is still holding fiat.

Last trades:

SELL 349
BUY 312
SELL 322

High volume bitfinex exchange shown.

Buying 299 long at buy confirmation line break. Else holding fiat short for 220.

 

[squarepusher]

get ur'e chaep coinz!!1

 

[squarepusher]

 

[PaulConventionWV]

I disagree

There is no volume signal.

It will fall through the floor.

Honeybadger is still holding fiat.

Last trades:

SELL 349
BUY 312
SELL 322

High volume bitfinex exchange shown.

Buying 299 long at buy confirmation line break. Else holding fiat short for 220.

You were right. I always seem to change my mind when I was right the first time. Back to the drawing board.

 

[muh_roads]

So is it worth clicking "view post" for that niggly tickly shitty little tagnut named squarepusher? I'm going to assume no.

 

[muh_roads]

You were right. I always seem to change my mind when I was right the first time. Back to the drawing board.

Yep your first 200-220 was correct. Now I'm sitting here wondering if we're going to hit it one more time because it barely touched. I sold my limit scoops but not sure if I should get back in...