Not dead as long as the network is running but I believe it will go under $1 in 2016.
If Bitcoin continues to keep on struggling then difficult times lie ahead for Litecoin.
Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 286. (Read 1467278 times)
If Bitcoin continues to keep on struggling then difficult times lie ahead for Litecoin.
I've just come across this news.
Critical update Litecoin v0.8.7.5 fixes compatibility with newer versions of openssl.
https://litecoin.org
Critical update Litecoin v0.8.7.5 fixes compatibility with newer versions of openssl.
https://litecoin.org
That's all you get on this thread about Litecoin until summer arrives 
We never get much news.... so true...
Thats because the news is on litecointalk or /r/litecoin. Here is the latest in case you were curious http://bitcoinist.net/litecoin-association-appoints-new-development-team-director/
Litecoin will be the second crypto to be mass adopted after Bitcoin, that is why people are accumulating.
And Peercoin. Alts have more risk but also better reward.
The first crypto hasn't even been massadopted, do peeps even know what MASS adoption means?
Yes,
But, computers needed 25 plus years before they achieved mass adoption amongst those who had electricity and the wealth to own one
Some people refuse to see the future even when it stares at them right in their faces. No problem, you won't be part of the adventure then.
Litecoin will be the second crypto to be mass adopted after Bitcoin, that is why people are accumulating.
And Peercoin. Alts have more risk but also better reward.
The first crypto hasn't even been massadopted, do peeps even know what MASS adoption means?
hahahah very funny!
Looks like, acounts traderman, Wekkel & bitcool were hacked or bought, to pump Litecoin.
Pretty sad.
Pretty sad.
Looks like, acounts traderman, Wekkel & bitcool were hacked or bought, to pump Litecoin.
Pretty sad.
Pretty sad.
How can people say it's dead when many alt markets are using LTC to price other coins, along side BTC and USD.
Litecoin will be the second crypto to be mass adopted after Bitcoin, that is why people are accumulating.
And Peercoin. Alts have more risk but also better reward.
Litecoin will be the second crypto to be mass adopted after Bitcoin, that is why people are accumulating.
Litecoin is not dead at all.
It has 2x more Volume than Ripple. (by the way Ripple is 10x bigger in total marketcap.....Ripple is dead)
It has 2x more Volume than Ripple. (by the way Ripple is 10x bigger in total marketcap.....Ripple is dead)
That's all you get on this thread about Litecoin until summer arrives
We never get much news.... so true...
I actually thought this coin had died already and only bagholders were left keeping it on number 3.
Hmm,
A coin is only dead, when this condition is filled:
When no more investments are made into producing more of it e.g. the item is no longer desirable or it is inherently foolish in making more of it
Litecoin has 95% of scrypt algorithm mining investments. Therefore, everyone wants to make more Litecoins and people want to collect more Litecoins
In terms of price speculation, as an Economic Coin get's older (more accurately, more coins exist) it become more difficult to fictitiously pump up the price and dump it afterwards leaving Newbie Investors as net losers in swaps/trades
This is to say: an economic coin becomes resistant to "major speculators" using baloney and bulsh*t to push up the price
Only new alts allow this, with their ultra low quantities of coins and low valuations.In Fiat Currency Sector, major speculators have resorted to market rigging and debt vehicles to overcome this decline in their opportunities to fleece the Newbie Investor. You can't do this with crypto currencies, because their is no debt system and lot's people are investing for the Long Term.
Upwards movements in price become (over time) pegged to important events or changes in the fundamentals prarameters or new productive outcomes
Litecoin is perfectly alive
That's all you get on this thread about Litecoin until summer arrives
We never get much news.... so true...
I actually thought this coin had died already and only bagholders were left keeping it on number 3.
That's all you get on this thread about Litecoin until summer arrives
We never get much news.... so true...
Thanks, for the link
He is a very polite and a very pleasant man. Someone a woman could take home to meet the parents without worrying
The index between BTC and LTC he identifies is called the "Fiat Currency Exchange shuffle"; it was discovered on exchanges like BTC-E, where knowing when a commercial mining operation is depositing its' LTC or BTC (not forgetting large Fiat Currency deposits from rich investors) allows full time traders to shuffle their funds between Fiat Currency, BTC and LTC to enlarge their holdings of crypto currencies or Fiat Currency without extra investments.
Maybe, it included some inside information e.g. employee at the Fiat currency Exchange would tip his mates off when a large cash deposit had come in or large BTC deposit had come in or large LTC deposit had come in. However, it is possible to spot them without inside information, if you are willing to sit on the exchange 24/7
If, it was a Fiat Currency deposit, the day traders could inflate BTC and LTC prices
If, it was a BTC deposit, the day traders could deflate BTC price
If, it was a LTC deposit, the day traders could deflate LTC price
The added twist, was shuffling between BTC and LTC according to whether the large depositors needed to sell LTC or BTC.
For a laugh, last year using the "Fiat Currency Exchange shuffle" at BTC-E, I turned a deposit of 10 Litecoins in 30 Litecoins in 2-3 weeks during my holidays off work
This kind of shenanigans do not help with crypto currency development. Newbie investors need to be protected as a priority agenda. Secondly, life is full of fun stuff to do and interesting things to discover
Therefore, sitting on an exchange 24/7 ain't my cup of tea and I guess the same applies for Charlie Lee
Nice. Never thought that way about what deposits would inflate/deflate prices, but it sounds reasonable.
Perhaps I should read the market data more closely next time I gonna trade my LTC.
Thanks, for the link
He is a very polite and a very pleasant man. Someone a woman could take home to meet the parents without worrying
The index between BTC and LTC he identifies is called the "Fiat Currency Exchange shuffle"; it was discovered on exchanges like BTC-E, where knowing when a commercial mining operation is depositing its' LTC or BTC (not forgetting large Fiat Currency deposits from rich investors) allows full time traders to shuffle their funds between Fiat Currency, BTC and LTC to enlarge their holdings of crypto currencies or Fiat Currency without extra investments.
Maybe, it included some inside information e.g. employee at the Fiat currency Exchange would tip his mates off when a large cash deposit had come in or large BTC deposit had come in or large LTC deposit had come in. However, it is possible to spot them without inside information, if you are willing to sit on the exchange 24/7
If, it was a Fiat Currency deposit, the day traders could inflate BTC and LTC prices
If, it was a BTC deposit, the day traders could deflate BTC price
If, it was a LTC deposit, the day traders could deflate LTC price
The added twist, was shuffling between BTC and LTC according to whether the large depositors needed to sell LTC or BTC.
For a laugh, last year using the "Fiat Currency Exchange shuffle" at BTC-E, I turned a deposit of 10 Litecoins in 30 Litecoins in 2-3 weeks during my holidays off work
This kind of shenanigans do not help with crypto currency development. Newbie investors need to be protected as a priority agenda. Secondly, life is full of fun stuff to do and interesting things to discover
Therefore, sitting on an exchange 24/7 ain't my cup of tea and I guess the same applies for Charlie Lee
That's all you get on this thread about Litecoin until summer arrives
If's official, it would cost $5 million to develop a 16nm ASIC Chip for scrypt algorithm
From Marco Streng interview (CEO of Genesis Mining):
https://www.youtube.com/watch?v=8ROQZZhjY1c
Yearly, coin production value at $1.80 is $18,921,600
Using this formula, 10% is R&D ($5 million for 16nm), ratio of 10 to 1 on R&D versus Profit, total manufacturing profits must be $50 million. If, profit margin on selling units is 10%, then net sales will need to be $500 million.
Modifying the formula for lower profits:
Using this formula, 10% is R&D ($5 million for 16nm), ratio of 1 to 1 on R&D versus Profit, total manufacturing profits must be $10 million. If, profit margin on selling units is 10%, then net sales will need to be $100 million.
Essentially, you are not going to see a 16nm Scrypt mining ASIC on Litecoin at $1.80
From Marco Streng interview (CEO of Genesis Mining):
https://www.youtube.com/watch?v=8ROQZZhjY1c
Yearly, coin production value at $1.80 is $18,921,600
Using this formula, 10% is R&D ($5 million for 16nm), ratio of 10 to 1 on R&D versus Profit, total manufacturing profits must be $50 million. If, profit margin on selling units is 10%, then net sales will need to be $500 million.
Modifying the formula for lower profits:
Using this formula, 10% is R&D ($5 million for 16nm), ratio of 1 to 1 on R&D versus Profit, total manufacturing profits must be $10 million. If, profit margin on selling units is 10%, then net sales will need to be $100 million.
Essentially, you are not going to see a 16nm Scrypt mining ASIC on Litecoin at $1.80
So whats your point? That we are going up?
Yes, once people have ROI on last years mining equipment, later this year
Of course right now were getting read of weak hands, just hold onto your coins
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