Topic: Buy Litecoin Inmediately. - page 3. (Read 10485 times)

Get On Board. That's all I have to say.

@iamnotback, do you think ltc rise happens also because of bugs in bitcoin's POW protocol that are curently exploited ? ? They are exploiting it from all sides https://www.reddit.com/r/ethereum/comments/63pitn/new_exploit_in_bitcoins_pow_leads_to/

Also antpools mines empty blocks ( not sure to what end ).

The SegWit signaling has fallen back to 68 - 69%. One could postulate that all spare capacity for mining LTC was already brought onboard with the recent price increase. And that Bitmain will gradually eat away at that by producing more L3s which they keep for themselves to mine on LTC and block SegWit. The competitors may not have much resources as Bitmain, or just the fact that the L3 is twice as efficient as the A4 competition. I am not sure if that is the only scenario though. Maybe BTCC hasn't yet unleashed their GPU farm on LTC because perhaps they want to wait for a higher price. Maybe they want to stimulate one more price pump before making their move. There have been hacking attacks that have moved hashrate to different pools. So I don't know if a similar attack has been employed on LTC pools. I noticed some significant change in the LTC pool distribution compared to yesterday.

https://web.archive.org/web/20170406082911/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

I had the thought that even if SegWit doesn't get activated, Litecoin has 4X more capacity in its blocks than Bitcoin, so it will have lower transaction fees. Yet I don't know if that would be compelling enough without real scaling.

Edit: Okay I was mistaken in thinking the activation period was only 24 hours. It is 2 weeks:

https://www.reddit.com/r/litecoin/comments/63nb70/how_long_does_it_need_to_be_over_75_before/

Edit#2: Ah I see it must be a specific retarget period!

Bitcoin can rise to $2500 in that time, especially if Litecoin has resolved the scaling problem for our ecosystem.

Why is LTC at 0.1 BTC implausible if LTC is the scaling solution for Bitcoin supporters?

That's a good point, also another thing to consider is the possibility that long term bag holders will let this rise...I mean, why not?

I thought about doing the same recently. The price is about as low I I think it will be.

Litecoin price in dollars is more or less stable above 11.65, but Bitcoin is increasing, so the ltc/btc ratio is decreasing, from 0.011+ to 0.01 and lower only today.

Buy in the event(and not in the news, as recommemded) and while BTC price is recovering might not be advisable

Also the LTC dumps are really big when they happen

^^ I never thought DASH would have hit .12 either. I wouldnt say LTC at $250 is impossible...just not this month.

We can't get 95% to activate SegWit on Bitcoin without Bitmain's approval. They have every right to protect their patent's value. Those who think Bitcoiners will rally to fight him are socialists and communists, who deny capitalism, game theory, and economic reality.

We can't lower the 95% threshold for Bitcoin, because it will cause too much risk and wild price swings.

Also we shouldn't be putting such experimental shit on Bitcoin. Bitcoin is supposed to remain reliable.

Sorry Bitcoin will remain unmodified, as Satoshi (aka Nash) intended its equilibrium game theory to be a clusterfuck of politics insuring the immutability of the protocol which is what gives Bitcoin its trust and value.



Got LTC yet? 

And now finally we understand that indeed scaling can only happen on Litecoin:

I traded the high 0.0113 and re-entered at 0.01. I am and have been 100% in LTC since $6.50. I invest based on fundamentals and my conviction. I am not really a trader.

I think it may push higher from here, but even if it dips to 0.009, I am happy holding this position, because all BTC holders who want to pay for goods & services have to come to LTC over the next year or so, else they won't be able to afford to transact. Speculation in BTC can of course continue on exchanges at low transaction fees because these aren't blockchain transactions, but if you hold your balances always on exchanges, eventually you will lose your money due to hacks and thefts.

LTC should rise over the next year or so to at least 0.05. It will likely overshoot to something ridiculous such as 0.2, due to way greater fool mass manias and speculation play out.

So 0.01 or 0.009 is splitting hairs. You run the risk of chasing it and never getting on board.

Bitcoin will never get SegWit, Lightning Networks, nor larger blocks. Anyone still talking/writing about that are wasting their breath/fingertips.

Right now we are in the attitude readjustment phase where Bitcoiners slowly pour cold water on their face and wake up to reality.

It even hit 13.5$ on kraken, so it seems the next 2-3 weeks untill segwit's activates the price will further increase. Apparently some people are also selling btc for ltc.

LTC's creator Charlie lee seems to think that the LTC price can increase up to 50$ and he casted a vote https://twitter.com/SatoshiLite/status/849695527268564992

I opened a long at the low 700's and added to it at 880. Happy dance!

It makes me happy that iamnotback loves the LTC.

👍

My prediction that BTC would remain range bound until LTC catches up, is so far proving to be true.

The simple reason for this is that the market is not stupid. The market knows that Bitcoin can't ever get any scaling improvements to its protocol. Bitcoin will forever be relegated to small blocks, because it was intended that Bitcoin be the most reliable (i.e. no experimental shit) settlement layer for the power brokers of finance. As the fee per transaction rises to $10 on Bitcoin over this year (and let's guess $100 per transaction by 2019), then most of us will not transact on Bitcoin any more. We will transact on Litecoin. And Blockstream will transfer its efforts to Litecoin, which will give Litecoin legitimacy.

So Bitcoin can't move higher until it is assured that Litecoin will provide the scaling solutions that our ecosystem needs so that blockchains can begin to invade the mainstream world of payments systems and fractional reserve banking. Upthread I explained why Ripple is dogshit, so I expect once it becomes clear that Litecoin will have Lightning Networks coming, then Ripple will collapse. So the smart money should be moving from Ripple to Litecoin.

Note the current jump to $12 looks like it might be overheated and too fast, so I'd be cautious about buying too much too fast. Average in your buys in case we get a dip, but do get some now (nibble) if you don't have any because price can run higher yet. Yet I remain adamant that Litecoin is easily going to exceed $30 and probably $100 before the end of this year, unless somehow SegWit activation is defeated. At the moment SegWit signaling is at 70.8% for those blocks in the last 21 hours. We are very close.

Some myopic people haven't realized that Litecoin needs scaling because it will be receiving all the excess volume from Bitcoin that can't fit in Bitcoin's small blocks, and because the volume will increase exponentially with Lightning Networks enabling private fractional reserve banking and the banks will evangelize Litecoin ecoins to the masses. Litecoin either grabs this opportunity, else Ethereum will take this role with its coming Raiden clone of Lightning Networks. But Blockstream is not going to let that happen. Bobby Lee of BTCC is the brother of Charlie Lee the creator of Litecoin. BTCC will push SegWit activation over the 75% threshold with its GPU farm that is mining Ethereum, if need be.

Also myopic people don't realize that block size increases can't scale because due to the equation on orphan rate, orphan rates increases exponentially as block size increases. Exponential worsening is the antithesis of scaling for anyone who understands math and computer science. I also explained why Xthin is no solution to this dilemma.

Unless you like margin trading, then by all means profit at the exhange.

Looks like you fucked up. Price is going up convincingly and already past 12 dollars at BTC-E, and 0.0108 right now in Poloniex.

Im hoping for a further dip because I missed my latest buy order by a small amount fuuuck. I thin I stil can get in if the FOMO doesn't continue at this ridiculous rate.

I should also point out to users new to Litecoin that there is an Electrum wallet (https://electrum-ltc.org) available so that you needn't download the entire blockchain and one of the best ways to get started. Don't leave your coins on an exchange any longer than necessary.

Good post. Ethereum never had a chance after exhibiting all it's flaws. 

This is like watching the good guy get knocked to the ground. Looks like he's out for the count but miraculously gets up and lays a beating on the bad guy.

LTC actually has a few benefits to Bitcoin:

Better initial distribution, less Roger Ver types

Less hacks, most hacks 2011-2016 were for Bitcoin creating some shady bagholders, also the US Government

People new to cryptocurrency have a natural affinity to Litecoin as it is the underdog

Lead developer is Chinese and has political muscle

With Segwit+LN, there is literally no reason to be using Bitcoin for the short term as most places that accept Bitcoin also accept Litecoin. Because Bitcoin requires 95% to activate Segwit, then Litecoin will most likely be running Segwit+LN alone for most of 2017 or at least unless the Bitcoin price tanks and miners wake up.

The flippening could happen, but not with Ethereum as previously thought, but with Litecoin.

People love an underdog! Watch out...