Topic: Good bye LTC? (Read 6696 times)

I think the price is still a little high. Expect it to drop below $2.00 soon. It's good for those who wanna buy, but bad for those who bought at $4+

and bad means high or low?

wtf Litecoin price still bad 

Btc is also about to get around a 25% difficulty spike, which should help alt coin outlooks as far as mining profitability again

The technical specs of a coin aren't that important. It's community support, people driving to get new businesses accepting it, people building services around it, media coverage etc. That is why Bitcoin is number 1 and Litecoin is number 2, even though technically Litecoin is an improvement. And that is the same reason why Litecoin is number 2 and not any of the clone coins. The next coin that will be successful needs to focus on building a core community of vocal supporters as well as having a unique, marketable strength. The coin market is saturated now though so it's difficult to stand out. The problem is a coin which is too innovative has to gain the trust of users (because this is money after all) and PPCoin has shown how difficult that is, and I predict similar issues with Netcoin - it takes years for trust to be gained in a new protocol, as it did with Bitcoin. Yet a coin that is too similar doesn't stand out... and all the obvious parameter tweaks and permutations have been done, it seems.

Litecoin's growth will hit the next gear when a payment processor is released (this will be feasible after it goes on mtgox, btce isn't suitable for many companies imo) and a flood of businesses that accept Bitcoin start accepting Litecoin. The problem with Litecoin at present is that too many miners are hoping to make a quick buck and double up money when it goes on mtgox, without looking at the bigger picture and this has snowballed so now all people talk about with Litecoin is going on Mtgox. The quicker Litecoin goes on mtgox so the community can focus on other things, the better.

litecoin's price will be tied to bitcoin's price, just as it always has been.  price of bitcoins goes down, litecoin value goes down

the bots will make sure of it

Litecoin's price will go up in the coming months, mark my words. If you've been to the Bitcoin Congress you would have seen the massive interest in Litecoins, and there were some badass announcements from the developers aswel as storeholders and the community.

Only fools sell now!

Yes, most of the newer coins are direct copys of Litecoin in its current state which uses Bitcoin v0.6.3

Litecoin is upgrading the code base to Bitcoin's current release of v0.8.2

I doubt the same can be said for most of the copy and paste coins.

Also isn't their code just as old as litecoin's?

Its not as if they took latest bitcoin code and put scrypt in, is it?

So if litecoin is old code they are just copies of old code they didn't even bother to copy the new code...

-MarkM-

DGC and WDC have not a support networks, look at difficulty going up and down based on profitability, the network doesn't really grow.
Also, DGC and WDC are LTC clones so if you are saying LTC is no good because it is a BTC clone your argument is, again, pointless.

+1, and +1

exactly my thought.

Hey Guy,

Good luck with your cafepress site but who the hell are you?  Oh, that's right, you're a nobody.

Have fun being a loser,

Cheers

difficulty going up price down  really bad days for miners

You are taking a huge risk not holding LTC into the summer with Gox slowly getting it's act together.

Comparing crypto-currency to gaming really  Adoption is what drives these coins, just because they are old means nothing and it's not like improvements can't be worked in.

Yesterday, there was a nice little interview with Charles Lee (coblee) about what LTC is, its origins, the team structure to some degree, 1st and 3rd party development, and the future.

Some topics are rather shallowly explored, but it's nice to glean a little bit of dev mentality surrounding the coin.  This was mildly encouraging, imo, rather than being left in the dark to think that devs have put baby in the corner.  Nobody puts baby in a corner!  sry...

Interview starts around 48m in and ends at 1hr8m.

https://soundcloud.com/mindtomatter/e12-you-get-my-bitmessage-lets

if anyone has noticed most coin prices float around btc price or they get dumped to drastically below it until their difficulty lowers from lack of mining.

So what makes people think that litecoin price will surpass bitcoin.  people still don't treat it like a real currency.  most miners still trade it for btc.  it used to be worth more when people were trading their crap coins for ltc but a lot of the exchanges converted straight to btc so ltc was cut out as the middle man.

So where is it going?  BTC is getting a massive difficulty jump very soon.  its going to cripple gpu mining.  not kill it but people are going to get half the profits they used to get.  does that mean that ltc miners will just accept half the profit for mining ltc?

what happens when you cant gpu min btc at all and you are locked out because of the asics.  all that is left are scrypt coins.  and where is the scrypt coin community?

LTC is old. BTC is older. Once upon a time Duke Nukem used to be THE game to play. What was popular last week is often superseded by something better.

Yea, Litecoin is dying... it's only gone up 4000% the past 7 months. What a crappy ROI.... 

ftc has huge market cap too.
and died

due to prof. below 100%
same schema there