This is depressing.
Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 307. (Read 1467253 times)
I am talking about LTC:fiat exchange rate.
This is depressing.
This is depressing.
Come'on, what is happening to LTC? its been dropping everyday.... time for me to shut down if it hit $1.7.
Buy and hold and see what happens when BTC corrects itself some time in late October. The chikun will rise again... 
It will certainly rise from its present value, but it has been on a steady decline since September.
There may be some doubt on the the BTC correction in October.
Buy and hold and see what happens when BTC corrects itself some time in late October. The chikun will rise again...
It will certainly rise from its present value, but it has been on a steady decline since September.
Buy and hold and see what happens when BTC corrects itself some time in late October. The chikun will rise again...
I guess ppl are very short term focused, just like if/when it starts to shoot up they will all pile in too, the best buys that I've made have been betting against the crowd mind, like buying btc under $2 after it fell from $32 & ppl thinking it was all over, these are the best opportunities one may come across in one's lifetime imo, I've bought ltc every day the last week, just buying & hold, np.
Wise strategy 
I guess ppl are very short term focused, just like if/when it starts to shoot up they will all pile in too, the best buys that I've made have been betting against the crowd mind, like buying btc under $2 after it fell from $32 & ppl thinking it was all over, these are the best opportunities one may come across in one's lifetime imo, I've bought ltc every day the last week, just buying & hold, np.
Cheers! 
But why is it getting hammered so hard?
But why is it getting hammered so hard?
Plenty of positive news in the AMA, lots of developments in the pipeline, plus Charlie saying that he "had plans to persuade Coinbase to adopt Litecoin. Stay tuned... Definitely a possibility. I will do my best to make it happen. No promises and no time frame."
In one year where do you see the price of litecoin (estimate based on your best available knowledges
"Wild guess here... $12 on Litecoin's 3rd birthday. Based on Litecoin being about 2 years behind Bitcoin. Bitcoin price was $12 on 10/13/2012."
"The price of LTC is pretty much all based on speculation right now. This is similar to Bitcoin about 2 years ago. So I wouldn't worry too much about price.
We are working towards keeping the network stable. As Litecoin becomes more popular and grows, there will be more exchange support, more payment processors, and then more merchants. Once we have merchant support, the LTC price will no longer be just controlled by speculation. This might take a couple years or so."
"To be clear, I'm not saying it will take 2 years for exchanges or payment processors to start supporting Litecoin. It's just that it will take at least a year before we have enough merchants accepting Litecoin to make the price not just speculative."
While BTC is gaining a nice few % it's kinda a unique opportunity to snaffle up some more LTC at a good price imo before all the above starts kicking in, plenty of upside & as someone else said a good way to look at LTC is like a .net to BTC's being the .com which for generic names, ie pizza.com the .net are mostly valued at 1/10 of the price.
In one year where do you see the price of litecoin (estimate based on your best available knowledges
"Wild guess here... $12 on Litecoin's 3rd birthday. Based on Litecoin being about 2 years behind Bitcoin. Bitcoin price was $12 on 10/13/2012.
""The price of LTC is pretty much all based on speculation right now. This is similar to Bitcoin about 2 years ago. So I wouldn't worry too much about price.
We are working towards keeping the network stable. As Litecoin becomes more popular and grows, there will be more exchange support, more payment processors, and then more merchants. Once we have merchant support, the LTC price will no longer be just controlled by speculation. This might take a couple years or so."
"To be clear, I'm not saying it will take 2 years for exchanges or payment processors to start supporting Litecoin. It's just that it will take at least a year before we have enough merchants accepting Litecoin to make the price not just speculative."
While BTC is gaining a nice few % it's kinda a unique opportunity to snaffle up some more LTC at a good price imo before all the above starts kicking in, plenty of upside & as someone else said a good way to look at LTC is like a .net to BTC's being the .com which for generic names, ie pizza.com the .net are mostly valued at 1/10 of the price.
Happy birthday to Litecoin. (one day late ?)
Without anything actually accepting it, no LTC-GLOBAL, no Atlantis?
It's now just another altcoin.
Which is kind of a bad timing, now that it is in active development again (making it one of the few coins with actual developers).
It's now just another altcoin.
Which is kind of a bad timing, now that it is in active development again (making it one of the few coins with actual developers).
I guess The Pirate Bay is too small-time to be considered "anything".
I remember mining 5 blocks a day on my Phenom II CPU at 20KH/s
I remember when Coblee tried to get his baby Litecoin some support and he tried collaborating with Pirateat40 (Trendon Shavers) and I warned him that it smelled scammy
How things have changed for the better
I remember when Coblee tried to get his baby Litecoin some support and he tried collaborating with Pirateat40 (Trendon Shavers)
and I warned him that it smelled scammy How things have changed for the better
Without anything actually accepting it, no LTC-GLOBAL, no Atlantis?
It's now just another altcoin.
Which is kind of a bad timing, now that it is in active development again (making it one of the few coins with actual developers).
It's now just another altcoin.
Which is kind of a bad timing, now that it is in active development again (making it one of the few coins with actual developers).
I was at a recent SoCal Bitcoin meetup, where Bitpay, Gyft, and CoinMKT CEOs were present, and I've heard at least a couple of them agree that alt-coin support is needed and that they're looking into it.
Enjoy the Litecoin AMA on reddit: http://www.reddit.com/r/litecoin/comments/1o3fdz/we_are_the_litecoin_dev_team_ama/
Happy two years, everyone!
Happy two years, everyone!
2 YEARS!!
If we only knew there was so much money to be made in the beginning of Litecoin we would all have been rich...
Edit: There will be a crypto gathering in Kansas City Missouri on the evening of the 13th. Let me know if anyone wants to come for cake!
You could try to invite students from the economics department of UMKC. I heard they are big on Keynesianism
We decided to do a reddit AMA with the Litecoin dev team on Litecoin's 2nd anniversary!
http://www.reddit.com/r/litecoin/comments/1o3fdz/we_are_the_litecoin_dev_team_ama/
http://www.reddit.com/r/litecoin/comments/1o3fdz/we_are_the_litecoin_dev_team_ama/
Four more days until the celebrations!
October 7 was when the seeds were planted.
October 13 is the birthday.
October 13 is the birthday.
I don't suppose you're aware of any sweet birthday presents coming up?
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