Topic: Can Litecoin hold the #2 spot? Doubtful..and here are the coins who will benefit - page 15. (Read 17797 times)

Btc-e market expectations are the Litecoin will go below 0.01.

Open: https://btc-e.com/exchange/ltc_btc

2226.28 BTC in buy orders.
516172.25 LTC in sell orders.

2226.28/516172.25 = 0.00431 ltc/btc is the average price buyers are willing to pay, that's where the price is gravitating.

For LTC/USD it works out to $2.06 at this moment, not very encouraging either.

rofl

silver my ass. litecoin is one of the worst clones of all without any feature whatsoever
its sunken

Łitecoin is forever. It is the silver to Bitcoin's gold.

I think that it can hold it for a while longer, but that litecoin will fall. Darkcoin might be the one to overtake it, if you ask me.

+1. i always look like this when i see ppl endorse litecoin: facepalm

As an old member of the forum, can you make your wild guess predictions in this thread? What we see in Top 10 in 1 year. Would be very interesting to hear your thoughts.
https://bitcointalksearch.org/topic/cryptos-in-1-year-651681

I think it is funny to see so many trying to grasp for the #2 spot.

 

For me LTC is pretty much dead really.

In a logical world a coin with most features and most security would be #1 right now. And it ain't bitcoin or litecoin.

Yes, smart rich people are betting untold millions on LTC network...
The price gap should narrow... which means LTC goes up (in a logical world).

Bytecoin should be listed too...

Does anyone think that once AndroidsTokens are fixed, that they could be implemented on the GooglePlay Market? If so that could turn mainstream in a hurry i would imagine? Im kinda just starting to get my feet wet (finally have over 2btc) and am just wondering what some of you guys think.

One more post and I am gone for a while.

Here are the links.

LTC over all picture. http://www.cryptocoincharts.info/v2/coins/show/ltc
BTC-E breakdown: http://www.cryptocoincharts.info/v2/markets/show/btc-e
BTCChina breakdown: http://www.cryptocoincharts.info/v2/markets/show/btcchina
OkCoin breakdwon: http://www.cryptocoincharts.info/v2/markets/show/okcoin
Bter breakdown: http://www.cryptocoincharts.info/v2/markets/show/bter

You are right that in 3 out of 4 of these exchanges BTC is far and away more traded than LTC.  So generally it would seem that if these are honestly reflecting the market, that Chinese like BTC more.  

But if you look at OKCoin.  They only trade in LTC.  Unfortunately, like 80% of Litecoins assumed volume in the world is coming out of OKCoin.  Why would it be sooooo much bigger and powerful than the other other exchanges that offer even more options, I am not sure.  

So when I see LTC's traded volume for the day of 11,000, I am really thinking like 4,000 once the books are straightened out. I do think that this should have an effect on price if the liquidity of any coin is down 1/2 to 2/3 of what was actually being reported.  

4,000 BTC is still 10 times bigger than the next best thing, so LTC is still in a good position from that stance. 

But again, I think the biggest problem is that one of these big exchanges might pop because it has leveraged against itself, pulling a MT. Gox.  If they did, I think it would hurt the BTC market, but I think it could be much worse on LTC.  

I can respect that as an opinion even if it is not my stance.  You have your reasons and I get that. 

You could be right.  It is possible that Bobby Lee over spoke on the situation to drive traffic to his site as the "safe" option.  I personally don't think it is the case, but I can understand you not being swayed by his argument for this or other reasons. 


Look forward to more debates in the future. 

Thanks for the compliment on the responses .


Ive seen that vid before I think, hence my last statement about agreeing with you about the fake data. Can't honestly say how much, but I doubt it's that much of a factor. At this point who knows. I do want to point out however the same fake volume was mostly referencing Bitcoin. I don't follow Chinese exchanges (because well, I dont speak Chinese), but dont most of them deal with BTC only?


Sorry about that, I was in a bad mood last night. And the other guys on here with the senseless drivel were becoming to much for me (not everyone here, the OP did produce some hard facts which I always appreciate during discussions). I would have replied sooner but you know, day job and family and all of that .



I really hope not! I want to see BTC and Crypto's succeed!




I know you are the author of the article, and you are right, NXT was pretty harsh. I fully admit that when making my original post I lumped you in with the rest of the NXT folks here, my mistake.


Ok.....ill address your instamine issues. As im sure you know, LTC like BTC is governed by difficulty. And difficulty adjustment is every 2016 blocks. During a release, lets assume that there was a ton of people involved with mining it right off the bat. Naturally it would readjust targets accordingly, but because a coin release is an event like no other there are going to be some wild swings. Looking at the block difficulties, we can see some interesting data (I need to figure out how to look at the diff adjustments of the first days)

Block 1
0 diff
Block 2016
0 diff
Block 4032
0.001 diff
Block 6048
0.004 diff
Block 8064
0.016 diff
Block 10080
0.063 diff
Block 12096
0.090 diff

Your claim of 440,000 coins at 50 LTC per block would put us in the range of block 8800. There isn't a significant slowing of the LTC network until block 10080, which would really mean 504000 "instamined".

You may call this instamine, but I call it a great and successful launch. A coins launch is as I mentioned an unprecedented event, and I chalk this instamine to the network trying to figure out what to do with such a influx of new members joining it in such a short period of time. The launch as I mentioned in my previous post was extremely fair, more so then almost every other coin. I would kindly ask you to remove LTC from your "questionable alts section". I would hope that you are a reasonable person and can understand my response to your instamine claims.


Yea sorry, that pesky day job gets in the way .


I'm really not worried at all . Plus at the end of the day its really about utilizing coins and not using them as an investment (I know I know, its a double edged sword now). I've explained the pegging up and down already in my previous post. I expect LTC to start rising again in 1-2 months time (which I have mentioned on numerous occasions). I'm a pragmatic person, I didn't think for a second once we got asics or listed on BTCChina we were going "to da moon" as my fellow LTCers thought. Ive written about the many variables involved with a coins price, and how one singular event is doubtful to change prices that significant (especially considering we are coupled to BTC's price).

The riding statement isn't correct either. I see the word ride and it looks like we are taking advantage of BTC with our price. As I mentioned before, its a coupling, which is a blessing and a curse.


Ive addressed the instamine above. And yes I do support Litecoin in the long haul, I guess you dont know my work with LTC in the community? I figured you would have known that (well by the way you were addressing me).


I know I said it already but....lol

Yes it was very fair, and the instamine was addressed above.

Premines and IPOs are different, actually. But yeah that was a ridiculous IPO by NXT. And you mean to say LTC = 1.5% instamine.

You want to talk "insta-mine" or "pre-mine"?

How about NXT?  All NXT were mined INSTANTLY, and GIVEN to 50 people who were determined to be INFLUENTIAL FORUM members.

NXT better not say shit about fair starts - anyone with a CPU or GPU for two years could get thousands of LTC with it.

LTC = 1.0% pre-mine

NXT = 100% pre-mine

for NXT, 50 people got all of it at once.

And if Litecoin is going to fail WTF wouldn't these shitscams have failed first?  LTC has a growing hashrate!!  Security is increasing!!

If Litecoin is dead DOGE won't be here to benefit!

I wasn't saying fair start = success...I was pointing out that this Litecoin developer is perpetuating a litecoin myth of "the fairest start".

obviously if you read my post i was hinting at the opposite!

You all should keep an eye on NXT...