silver had a bubble, then it corrected itself, now its trying to bottom. silver is very volatile, I think 17.5$ coming relatively soon, silver possibly as low as 13$ for a day in 2014-2015 for

I understood it as an interpretation. I heard 100,000 buying Bitcoin like the statistic was derived from active training.

what's so mystifying is that someone, with his supposed expertise in markets, can make such ludicrous statements about the Bitcoin price and the market place surrounding it. 

his logic is even worse than some of the trolls that populate this forum.  i'd even go as far as to say they are childish in that it's clear he has an agenda and is most offended by the price NOT doing what he wants it to.  i wonder if he's ever traded a stock or bond in his life. 

what's also hypocritical is that he supposedly owns some bitcoin.

sometimes it's worse not to know what you don't know. 

Good time to buy altcoins then.

There's never a good time to buy altcoins.

The only people who profit from altcoins are those who are in on the premine, because they don't have to buy theirs.

Yes, indeed. What I think is happening is that, finally, mercifully, the market is understanding that none of the popular alts today offer anything meaningful over bitcoin. So why not just use bitcoin?

A few dynamics are playing out:

1) The litecoin fanboys' idiotic "ASIC-resistant"/scrypt-is-better rationale is finally empirically false (though those of us with just 1/3 of a brain figured that out in 2012). So that entire family tree of coins is now obviously just clones/tweaks.
2) The new crop of anonymity promising coins is getting even the relatively thick-headed to question why these alts that offer nothing over bitcoin command such value. All the discussion of fungibility has raised the anon issue to the surface, and I think many people have realized that it might be the first meaningful "feature" an alt could actually offer. It looked like the test was going to be Zerocoin, but now we're seeing the CryptoNotes supposedly offer this. Whatever the ultimate reality of whether those coins do what they claim, or what may ultimately win that particular use-case battle, the point is that more would-be lite- nxt- dark- feather- junk- coin fanboys are now asking "why?" just a little more deeply. And that's not a good thing for any coin but bitcoin.

That one I'm not so sure about. The bitcoin blockchain is a fantastic timestamped authority of record. Money is memory, so obviously that's a wonderful use (probably the best use). But there are others.

IIRC, your above assertion was original spawned out of a discussion pertaining to sidechains and Ethereum; I think your assertion is more specifically saying that the blockchain may never be applicable to something that's as functionally unbounded as those ideas.

You should record that in the blockchain  

Only if those who were saying "Litecoin is doing to die blah blah blah" gave a timeframe AND didn't see the potential for a temporary rise due to the then-current ignorance of the community. Being right on the fundamentals often comes with a high-tolerance for waiting until the market catches up with you.



I actually think there is space to have alts as well. But as with the precious-metals market, I think there will only ever be a few that have lasting value, and one that has orders-of-magnitude dominant value.



Litecoin hasn't been faced with the two things I noted above before:
1) Having some of its core misguided thesis irrefutably disproved.
2) The emergence of coins with actual feature-benefits to the ecosystem, not just more me-too clones.

I agree that litecoin will continue to exist, probably with non-trivial value. But if I had to bet at even-money that LTC would be the #2 crypto in 5yrs?...nope.

my favorite one was this one