Do you think Litecoin is dead ? - page 2.

devphp

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Quote from: smoothie on July 01, 2014, 05:08:54 AM

So does your statement "LTC is DEAD" general too and not specific?

I was using the bet to get some sort of specific commitment on where you stand. Obviously that is not the case as 1 week is too long for you to claim LTC is "dead".
lol

Where did I say that 'LTC is dead'? The most I could say is 'it's dying, not dead yet'. Which doesn't make its future any more bright, unfortunately.

haploid23

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LTC doesn't really offer anything too innovative compared to bitcoin. Sure it has faster block times, but that's not a big enough difference to warrant new infrastructure that's already established for btc. I also think it's sliding because one factor is that multipools now generally pay out in btc. You could be mining LTC, but they instantly get converted by the pool to get paid by btc.

shanecoins

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Quote from: tao67 on July 01, 2014, 01:58:51 AM

I just have litecoin and i begin to be very afraid... Bitcoin is going up and litecoin doesn't move.

Do you think it is the end of Litecoin, and other altcoins in general ?

no

smoothie

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Quote from: devphp on July 01, 2014, 05:08:01 AM

Quote from: smoothie on July 01, 2014, 05:07:10 AM

To be clear why I asked for a time frame that the price would need to hold below is because when someone says "LTC is DEAD" then they should believe it will not recover even at least for a week since it is dead right?

Oh wait now I can see the back pedaling coming into play on what "dead" really means as you did not define it while using that word.

oops Roll Eyes

Ever heard of a dead-cat bounce? Wink

Yes. But that isn't what you said. lol....try harder... Kiss

smoothie

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Quote from: devphp on July 01, 2014, 05:06:36 AM

Quote from: smoothie on July 01, 2014, 05:03:55 AM

Look at a chart and you will see the price sustenance does exist. Don't make me laugh lol.

When I say it's illusionary, I mean it can disappear and spring out of nowhere very quickly, this market is all about rumors. Now, although I don't believe Litecoin can be resurrected by any rumors now, too late for that, the low price would ensure it wouldn't take a lot of Bitcoins to move the market briefly and even keep it artificially at that elevated level for 1 week. But the general trend would stay the same - down.

So does your statement "LTC is DEAD" general too and not specific?

I was using the bet to get some sort of specific commitment on where you stand. Obviously that is not the case as 1 week is too long for you to claim LTC is "dead".
lol

devphp

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Quote from: smoothie on July 01, 2014, 05:07:10 AM

To be clear why I asked for a time frame that the price would need to hold below is because when someone says "LTC is DEAD" then they should believe it will not recover even at least for a week since it is dead right?

Oh wait now I can see the back pedaling coming into play on what "dead" really means as you did not define it while using that word.

oops Roll Eyes

Ever heard of a dead-cat bounce? Wink

smoothie

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LEALANA Bitcoin Grim Reaper

To be clear why I asked for a time frame that the price would need to hold below is because when someone says "LTC is DEAD" then they should believe it will not recover even at least for a week since it is dead right?

Oh wait now I can see the back pedaling coming into play on what "dead" really means as you did not define it while using that word.

oops Roll Eyes

devphp

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Activity: 336

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Quote from: smoothie on July 01, 2014, 05:03:55 AM

Look at a chart and you will see the price sustenance does exist. Don't make me laugh lol.

When I say it's illusionary, I mean it can disappear and spring out of nowhere very quickly, this market is all about rumors. Now, although I don't believe Litecoin can be resurrected by any rumors now, too late for that, the low price would ensure it wouldn't take a lot of Bitcoins to move the market briefly and even keep it artificially at that elevated level for 1 week. But the general trend would stay the same - down.

smoothie

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Quote from: crazy_rabbit on July 01, 2014, 05:03:00 AM

Quote from: devphp on July 01, 2014, 04:56:07 AM

The price will continue down below 0.008, I stand by that.

I never said it wouldn't have spikes up, but the general trend when it dips below 0.008 will continue to be down.

The general trend is at least a few weeks or months, not days, so it could as well be up for 1 week and then go on down.

I don't accept your terms, as they are in your favor.

I consider my terms fair enough, not to my or your advantage, take it or leave it.

Neither of you had terms specific enough. You could have dumped LTC to drop it below .008 for however short a period of time, just as Smoothing could have bought one ltc at .008 before midnight on Dec 31st.

Basically, it's a silly bet.

My terms were very specific. If you recall you had to remind him what he should include in his terms. Not for me though.

smoothie

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Quote from: devphp on July 01, 2014, 05:01:07 AM

Alright, let's wait.

I thought you were long enough around cryptos to know that price sustenance is a very illusionary thing in these markets. I am sure you do, you just thought I didn't. Well, I do know that too Wink

Look at a BTC or LTC chart and you will see the price sustenance does exist. Don't make me laugh lol.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: devphp on July 01, 2014, 04:56:07 AM

The price will continue down below 0.008, I stand by that.

I never said it wouldn't have spikes up, but the general trend when it dips below 0.008 will continue to be down.

The general trend is at least a few weeks or months, not days, so it could as well be up for 1 week and then go on down.

I don't accept your terms, as they are in your favor.

I consider my terms fair enough, not to my or your advantage, take it or leave it.

Neither of you had terms specific enough. You could have dumped LTC to drop it below .008 for however short a period of time, just as Smoothing could have bought one ltc at .008 before midnight on Dec 31st.

Basically, it's a silly bet.

devphp

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Alright, let's wait.

I thought you were long enough around cryptos to know that price sustenance is a very illusionary thing in these markets. I am sure you do, you just thought I didn't. Well, I do know that too Wink

smoothie

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Quote from: devphp on July 01, 2014, 04:56:07 AM

The price will continue down below 0.008, I stand by that.

I never said it wouldn't have spikes up, but the general trend when it dips below 0.008 will continue to be down.

The general trend is at least a few weeks or months, not days, so it could as well be up for 1 week and then go on down.

I don't accept your terms, as they are in your favor.

I consider my terms fair enough, not to my or your advantage, take it or leave it.

I do not accept your terms either. Cheesy

I think I've proved my point here.

Let's now wait for LTC to "die". Grin

devphp

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The price will continue down below 0.008, I stand by that.

I never said it wouldn't have spikes up, but the general trend when it dips below 0.008 will continue to be down.

The general trend is at least a few weeks or months, not days, so it could as well be up for 1 week and then go on down.

I don't accept your terms, as they are in your favor.

I consider my terms fair enough, not to my or your advantage, take it or leave it.

smoothie

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If the bet is a no go no problem.

I've made my point I think just by the terms of the bet not being accepted. If you feel that is unfair no problem. But I think you backing out on the bet purely based on my reasonable time frame of price sustenance of 1 week shows me you truly don't believe your claim.

smoothie

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Quote from: devphp on July 01, 2014, 04:48:01 AM

Quote from: smoothie on July 01, 2014, 04:42:32 AM

Quote from: devphp on July 01, 2014, 04:37:38 AM

Smoothie,

I set the end date and my terms - on January 1st, 2015 Litecoin will be below 0.008. I bet 1 BTC. Ready to do an escrow.

Please, define your terms of the bet, and I'll see if I am ok with those.

How long will it stay below 0.008? I say it should stay continuously below 0.008BTC/LTC for more than 1 week continuously for you to win the bet.

Time frame would be fine with me if the time it stays below the price of 0.008 is okay with you.

Otherwise the bet is a no go for me.

Remember: I didn't claim that the price would continue below 0.008. You did. Thus that should mean the movement should be at least sustainable to merit being "right".

Escrow I suggest is Saltyspitoon for 1 BTC each.

Exchange price is from BTC-e.com

1 week is a long time, it could spike up briefly since the market is thin and getting thinner and then go down below 0.008 again, especially since the price will be so low. That means technically you would win the bet, but Litecoin would still be dead. I don't accept staying below 0.008 for 1 week terms. Let's think of something else or this is a no go.

My terms stand. You made the claim the price would continue below 0.008. If you care to back out on that claim given my time frame of 1 week then I guess the bet is a no go and I do not believe your claims.

I'm the type of guy that likes to put my money where my mouth is. 1 week shouldn't be too long of a time frame given how the whole claim that "litecoin would still be dead" should apply.

My definition of when LTC would be dead to me is:

1. No one talks about it anymore.

2. No one is mining it anymore.

3. No one accepts it for payment anymore.

Otherwise it is still alive.

devphp

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Activity: 336

Merit: 260

Quote from: smoothie on July 01, 2014, 04:42:32 AM

Quote from: devphp on July 01, 2014, 04:37:38 AM

Smoothie,

I set the end date and my terms - on January 1st, 2015 Litecoin will be below 0.008. I bet 1 BTC. Ready to do an escrow.

Please, define your terms of the bet, and I'll see if I am ok with those.

How long will it stay below 0.008? I say it should stay continuously below 0.008BTC/LTC for more than 1 week continuously for you to win the bet.

Time frame would be fine with me if the time it stays below the price of 0.008 is okay with you.

Otherwise the bet is a no go for me.

Remember: I didn't claim that the price would continue below 0.008. You did. Thus that should mean the movement should be at least sustainable to merit being "right".

Escrow I suggest is Saltyspitoon for 1 BTC each.

Exchange price is from BTC-e.com

1 week is a long time, it could spike up briefly since the market is thin and getting thinner and then go down below 0.008 again, especially since the price will be so low. That means technically you would win the bet, but Litecoin would still be dead. I don't accept staying below 0.008 for 1 week terms. Let's think of something else or this is a no go.

devphp

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Activity: 336

Merit: 260

Quote from: crazy_rabbit on July 01, 2014, 04:41:46 AM

Quote from: devphp on July 01, 2014, 04:37:38 AM

Smoothie,

I set the end date and my terms - on January 1st, 2015 Litecoin will be below 0.008. I bet 1 BTC. Ready to do an escrow.

Please, define your terms of the bet, and I'll see if I am ok with those.

Hmm, I might want to spell out your terms a bit more specifically. You don't mention the exchange, and you don't mention how long Litecoin needs to be below .008. If it takes less then 1btc to move litecoin from .0079 to .008 you would lose at the cost of whatever it takes to move the price. Perhaps you should be more specific?

Closing daily price: the 23:30 candlestick of Dec 31, 2014 at btc-e exchange.

smoothie

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Quote from: devphp on July 01, 2014, 04:39:37 AM

Quote from: smoothie on July 01, 2014, 04:37:20 AM

LOL don't put words in my mouth. I said it was premined and no thanks. Not that it "wasn't fair". lol

It is a personal choice not a complaint about "boo hoo I didn't get to hold the majority of coins".

There is a difference lol.

So why do you care NXT was 'premined' then? (You can't premine something that cannot be mined, but we'll omit this debate for now).

Do you consider NXT unfair or not?

I consider it irrelevant.

I don't know enough about how it launched to consider it fair or not. But thanks for asking...even if only after trying to put words in my mouth. Grin

smoothie

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Quote from: devphp on July 01, 2014, 04:37:38 AM

Smoothie,

I set the end date and my terms - on January 1st, 2015 Litecoin will be below 0.008. I bet 1 BTC. Ready to do an escrow.

Please, define your terms of the bet, and I'll see if I am ok with those.

How long will it stay below 0.008?

I say it should stay continuously below 0.008BTC/LTC for more than 1 week continuously for you to win the bet.

Time frame would be fine with me if the time it stays below the price of 0.008 is okay with you.

Otherwise the bet is a no go for me.

Remember: I didn't claim that the price would continue below 0.008. You did. Thus that should mean the movement should be at least sustainable to merit being "right".

Escrow I suggest is Saltyspitoon for 1 BTC each.

Exchange price is from BTC-e.com

Topic: Do you think Litecoin is dead ? - page 2. (Read 3795 times)