I'm not sure if that has been posted yet...
http://www.theverge.com/2013/9/26/4773902/shuttered-underground-drug-market-atlantis-ran-off-with-customers-money
Topic: I'm sad to say it but the Litecoin pipedream is over. (Read 9718 times)
I think this thread is largely lost among those of us who are still trying to get used to LTC breaking the $.10 barrier 
http://www.cryptocoincharts.info/period-charts.php?period=6-months&resolution=day&pair=ltc-btc&market=btc-e
Do what you want, but I'm selling my LTC as soon as mine them.
Do what you want, but I'm selling my LTC as soon as mine them.
stop dump them in to btc, they'll be fine
OMG LTC is up!!! GOX news!! HURRY
Coblee is on the coinbase team now, and it's his cryptocurrency. I'm guessing it's only a matter of time before it hits there.
Everyone knows that PPC is going to explode before then, though, because PPC block reward is expected to dive below 50 with the introduction of ASICs. Hence the recent shift in the market towards PPC.
Everyone knows that PPC is going to explode before then, though, because PPC block reward is expected to dive below 50 with the introduction of ASICs. Hence the recent shift in the market towards PPC.
The LTC community should focus on litecoin being adopted by Bitpay and not MtGox - that is why it will hit bottom soon!
Bitpay (like Bitstamp I believe) is strongly against Litecoin. Not gonna happen unless LTC explodes first.
I guess they will get what they deserve in the end..
The LTC community should focus on litecoin being adopted by Bitpay and not MtGox - that is why it will hit bottom soon!
Bitpay (like Bitstamp I believe) is strongly against Litecoin. Not gonna happen unless LTC explodes first.
The history of money suggests there will only be one currency and everything else will be worthless. Stores only take one currency.
Wrong on so many levels. Show us one example in the entire monetary history of the world where there was only one currency and everything else was worthless.
The history of money suggests there will only be one currency and everything else will be worthless. Stores only take one currency.
Wrong on so many levels. Show us one example in the entire monetary history of the world where there was only one currency and everything else was worthless.
Guys, LTC started to fall bad, don't know when it will stop.
Maybe it will recover after MT-Gox. Have patience. We might see an LTC < 1$.
Maybe it will recover after MT-Gox. Have patience. We might see an LTC < 1$.
Can you show where it has fallen "badly"
??http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-usd&market=btc-e
~BCX~
Stores only take one currency.
Most shops accept Eastern Caribbean Dollars and US dollars in St. Lucia. I presume they still do, I haven't been in ten years.
The history of money suggests there will only be one currency and everything else will be worthless. Stores only take one currency.
Thanks
Wow, can't remember the last time I saw LTC this low. 
I dissagree with the op Ltc is simply on the decline
Many of the arguments made on this thread about why LTC will die are the same arguments made a couple years ago about why BTC would die. The fact is, the whole cryptocurrency market is still very young, and there is a lot of potential to carry this market upward. Does anyone really think that in the years ahead the market will demand BTC and nothing else? Look at the history of money, there were always multiple tiers of value. Gold > silver > copper being the easiest to compare with. So, in the years ahead, as cryptocurrencies move more and more mainstream, the market will demand a tier of valued currencies to deal in. If BTC continues to move upward, as many of us believe, and becomes more mainstream, as many of us hope, it will appear to be too valuable for smaller transactions. Back in the day, people did not spend gold on small transactions, that's what silver and copper coins were for. In the future, I believe something similar will happen with crypto coins, where people will use BTC for their savings and large purchases, and smaller coins like LTC and who knows what else for everyday purchases.
Im glad you said that, I think you hit the nail on the head.
I seem to recall BTC having huge spikes then plummeting back to the ground - Just look at April, up to 260, then down to under 80 by July.... thats a more drastic drop that LTC has seen, yet wait for it! omg Bitcoin continues.
Many of the arguments made on this thread about why LTC will die are the same arguments made a couple years ago about why BTC would die. The fact is, the whole cryptocurrency market is still very young, and there is a lot of potential to carry this market upward. Does anyone really think that in the years ahead the market will demand BTC and nothing else? Look at the history of money, there were always multiple tiers of value. Gold > silver > copper being the easiest to compare with. So, in the years ahead, as cryptocurrencies move more and more mainstream, the market will demand a tier of valued currencies to deal in. If BTC continues to move upward, as many of us believe, and becomes more mainstream, as many of us hope, it will appear to be too valuable for smaller transactions. Back in the day, people did not spend gold on small transactions, that's what silver and copper coins were for. In the future, I believe something similar will happen with crypto coins, where people will use BTC for their savings and large purchases, and smaller coins like LTC and who knows what else for everyday purchases.
https://bitcointalksearch.org/topic/m.3222593
LTC ASIC
ASICMINER determined LTC ASIC is not viable since a high-speed memory bus is much more useful in other industries and very expensive to make in this regard.
LTC ASIC
ASICMINER determined LTC ASIC is not viable since a high-speed memory bus is much more useful in other industries and very expensive to make in this regard.
More bad news.
Actually that's good news for litecoin. A litecoin asic released at this time would alienate the GPU miner userbase. It would also damage one of litecoin's key differentiating factors. It's better for litecoin if asics come later on, when the currency is more established.
The whole point of this thread was that not only there are no signs for price spike but probably we are going to a steep decline!
Add to this the skyrocketed mining difficulty and you get a nightmare scenario not only for litecoin holders but for all scrypt coins owners!
And I hold large amounts of scrypt based ANC, so I could be biased against the OP but truth is hard to ignore anymore...
I don't understand...
From my point of view (miner) I think that LTC ASIC will mean the same that in BTC, it will only we viable to mine for the big boys....
I don't know if that will help to the coin as a whole or not but I happy to keep it this way slow rise in difficulty because the only hash power comes from GPUs
MC
The LTC community should focus on litecoin being adopted by Bitpay and not MtGox - that is why it will hit bottom soon!
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