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Topic: ASIC will crash litecoin - page 5. (Read 13399 times)

hero member
Activity: 560
Merit: 500
January 18, 2013, 01:27:35 AM
#4
will present the best buying opportunity their ever was?



Quite possible. Besides NMC I think LTC is one of the oldest Alt currencies that's still actively traded.

Will keep an eye out.
420
hero member
Activity: 756
Merit: 500
January 18, 2013, 01:07:33 AM
#3
when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?


The same thing was predicted before the bitcoin block reward halved, but litecoin prices went up instead. Why will this be different?


the mass of gpu miners is significantly different. and shortly after block reward halve; miners realized bitcoin was still more profitable to mine
420
hero member
Activity: 756
Merit: 500
January 18, 2013, 12:43:03 AM
#2
20% likely....


m'yah......wats up doc
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
January 18, 2013, 12:33:45 AM
#1
when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?
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