Author

Topic: Cryptos vs Fiat. Which will do better BTC or LTC? (Read 956 times)

legendary
Activity: 2940
Merit: 1090
December 04, 2012, 08:12:05 PM
#7
Three to six months might be too short a time to really see this, but now that even bitcoiners have actually felt a reward-halving I suspect that the faster the reward halves the better, as miners dumping coins ridiculously cheap might be a lot of what is keeping bitcoin prices so ridiculously low.

Maybe it is just taking a long time for all the massive hauls of coins from hacks and scams and thefts and ponzis to get cashed out, and for some time I figured ASIC makers dumping coins for fiat to build their ASICs with was doing some of it too, but I do think miners dumping coins does have an impact so for all coins the sooner the block rewards go down the better for the price, provided it does not result in a major exodus of miners.

Coins with no minting did run into the problem of not being able to find miners, but moving away from using a blockchain for the time being to prototect themselves from blockchain attacks does not seem to have hurt them, they seem to indicate that not having any more coins created ever is much more of a factor in price than being a blockchain is. Though whether they will plummet in price drastically come the day that they do move back to the blockchain format, possibly due to perceived danger of attack or even perceived danger of losing coins to hacks, remains to be seen.

-MarkM-
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
Did you guys completely miss the "trollface.jpg" part?
hero member
Activity: 714
Merit: 500
I love how super religious btc supporters don't think that bitcoin price goes up and down in huge gyrations that that is not pump and dump. Yet any other crypto alt that does that is pump and dump. Goes to show how retarded some of the religious ones are. They are the sheep of the bitcoin religion. Lol fucking fail!!! Cheesy Cheesy Cheesy

They a bunch of BTC Thumpers ^^ :trlf:
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
I love how super religious btc supporters don't think that bitcoin price goes up and down in huge gyrations that that is not pump and dump. Yet any other crypto alt that does that is pump and dump. Goes to show how retarded some of the religious ones are. They are the sheep of the bitcoin religion. Lol fucking fail!!! Cheesy Cheesy Cheesy
sr. member
Activity: 434
Merit: 250
I don't really see ltc or nmc for that matter as just pump and dump coins, but thanks for the response.
sr. member
Activity: 253
Merit: 250
Bitcoin. Anything else is just a pump & dump scamcoin trollface.jpg
sr. member
Activity: 434
Merit: 250
As title. Which do you think will do better vs fiat phunny munny in the next 3- 6 months? BTC or LTC? A darkhorse? Why?
Jump to: