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$.
Topic: I'm sad to say it but the Litecoin pipedream is over. - page 2. (Read 9718 times)
As I've always said, LTC (and the other scrypt coins) need a REAL MARKET to have any long term value. That means real services and other things to do with them other than dump them for BTC. And no, two shitty gambling sites doesn't count.
Not sure which sites you are talking about, but https://playt.in is certainly not a shitty site 
EDIT: Market in itself is not the answer IMHO flound1129 - you need an alt with really unique features that make it a real alternative to BTC (like Mastercoin, maybe ANC and yes Ripple) PLUS a specialized marketplace that BTC CANNOT reach.
Another good example (regarding gambling) would be this coin: http://qixcoin.com/
As I've always said, LTC (and the other scrypt coins) need a REAL MARKET to have any long term value. That means real services and other things to do with them other than dump them for BTC. And no, two shitty gambling sites doesn't count.
Not sure which sites you are talking about, but https://playt.in is certainly not a shitty site 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...
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.
At least if you cant do a step for ltc, Just don't hold it into your wallet, create transaction's (at least fake one's that transfer your money from one of your account to another account of yourself). Make the coins move in the network. this will help a lot.
Jesus, so this what the Litecoin crew are going to resort to. Try to scam everyone there's more transaction volume than there really is?
All of this could have been said a year ago as well and probably the next few years too. Its simply a gamble, both litecoin and bitcoin. If OP has a time window in mind, I could relate to it. If not, its just taking one of the sides in the long term (highly successful or dead). Just imagine what will have become of bitcoin if litecoin would die.......
The time to speculate on litecoin was prior to the price going up, not during or after it came down from it's $5-$6 highs. People who started buying after March were coming in at the tail end as were people who began mining. I purchased a few thousand at 5c and sold them for $1-$2 during the initial price rise. Some might say, ignorantly I might add, that I sold too early yet they are too shortsighted to see that I made a much bigger return than anyone who purchased after the price rise.
The current price reflects mtgox speculation and hype. You are in denial if you believe litecoin becoming available on gox will do anything positive for the price at this point in time. It might have done so if it had become available much sooner but we're now towards the end of the year, anyone on mtgox has likely heard about litecoin and has had ample time to send bitcoins to one of the various new exchanges to purchase them. This, coupled with the truckload of scrypt coins now available, shows me that litecoin is vastly overvalued and will probably lose 90%+ of it's value if not 99% given more time. They continue to ignore the fact that the gox of 2013/2014 is not the gox of years past.
People never want to hear that they made a bad investment and some people will hold all the way to the bottom, losing everything in the process. If you're still holding with the idea you're going to sell to people on gox, I ask you, who exactly are these people you're going to sell the coins to for a much higher price? Bitcoin is still very niche, we're all still early adopters, there are no mom and pop people to offload your litecoins for bitcoins and that is what current value is predicated on and it's a farce.
I was fortunate enough to stumble upon the altcoin section of this forum in January which lead to me speculating on a small purchase and mining. Despite making a sizable profit, given what I have learned now via the forums and experience, I can say it was a mistake to purchase them and at this point in time, I wouldn't invest $1 into a single altcoin because that's a $1 that can go into my bitcoin holdings. You only have to look at the major strides Bitcoin has made this year to see the end is soon coming for altcoins.
I have no position in litecoin and therefore no bias. If I thought there was still an opportunity to make money, I would be mining/buying them but I can't see any upside at all.
The current price reflects mtgox speculation and hype. You are in denial if you believe litecoin becoming available on gox will do anything positive for the price at this point in time. It might have done so if it had become available much sooner but we're now towards the end of the year, anyone on mtgox has likely heard about litecoin and has had ample time to send bitcoins to one of the various new exchanges to purchase them. This, coupled with the truckload of scrypt coins now available, shows me that litecoin is vastly overvalued and will probably lose 90%+ of it's value if not 99% given more time. They continue to ignore the fact that the gox of 2013/2014 is not the gox of years past.
People never want to hear that they made a bad investment and some people will hold all the way to the bottom, losing everything in the process. If you're still holding with the idea you're going to sell to people on gox, I ask you, who exactly are these people you're going to sell the coins to for a much higher price? Bitcoin is still very niche, we're all still early adopters, there are no mom and pop people to offload your litecoins for bitcoins and that is what current value is predicated on and it's a farce.
I was fortunate enough to stumble upon the altcoin section of this forum in January which lead to me speculating on a small purchase and mining. Despite making a sizable profit, given what I have learned now via the forums and experience, I can say it was a mistake to purchase them and at this point in time, I wouldn't invest $1 into a single altcoin because that's a $1 that can go into my bitcoin holdings. You only have to look at the major strides Bitcoin has made this year to see the end is soon coming for altcoins.
I have no position in litecoin and therefore no bias. If I thought there was still an opportunity to make money, I would be mining/buying them but I can't see any upside at all.
A very well written informative post.
If we all knew exactly what's ahead , we wouldn't be here speculating
The time to speculate on litecoin was prior to the price going up, not during or after it came down from it's $5-$6 highs. People who started buying after March were coming in at the tail end as were people who began mining. I purchased a few thousand at 5c and sold them for $1-$2 during the initial price rise. Some might say, ignorantly I might add, that I sold too early yet they are too shortsighted to see that I made a much bigger return than anyone who purchased after the price rise.
The current price reflects mtgox speculation and hype. You are in denial if you believe litecoin becoming available on gox will do anything positive for the price at this point in time. It might have done so if it had become available much sooner but we're now towards the end of the year, anyone on mtgox has likely heard about litecoin and has had ample time to send bitcoins to one of the various new exchanges to purchase them. This, coupled with the truckload of scrypt coins now available, shows me that litecoin is vastly overvalued and will probably lose 90%+ of it's value if not 99% given more time. They continue to ignore the fact that the gox of 2013/2014 is not the gox of years past.
People never want to hear that they made a bad investment and some people will hold all the way to the bottom, losing everything in the process. If you're still holding with the idea you're going to sell to people on gox, I ask you, who exactly are these people you're going to sell the coins to for a much higher price? Bitcoin is still very niche, we're all still early adopters, there are no mom and pop people to offload your litecoins for bitcoins and that is what current value is predicated on and it's a farce.
I was fortunate enough to stumble upon the altcoin section of this forum in January which lead to me speculating on a small purchase and mining. Despite making a sizable profit, given what I have learned now via the forums and experience, I can say it was a mistake to purchase them and at this point in time, I wouldn't invest $1 into a single altcoin because that's a $1 that can go into my bitcoin holdings. You only have to look at the major strides Bitcoin has made this year to see the end is soon coming for altcoins.
I have no position in litecoin and therefore no bias. If I thought there was still an opportunity to make money, I would be mining/buying them but I can't see any upside at all.
The current price reflects mtgox speculation and hype. You are in denial if you believe litecoin becoming available on gox will do anything positive for the price at this point in time. It might have done so if it had become available much sooner but we're now towards the end of the year, anyone on mtgox has likely heard about litecoin and has had ample time to send bitcoins to one of the various new exchanges to purchase them. This, coupled with the truckload of scrypt coins now available, shows me that litecoin is vastly overvalued and will probably lose 90%+ of it's value if not 99% given more time. They continue to ignore the fact that the gox of 2013/2014 is not the gox of years past.
People never want to hear that they made a bad investment and some people will hold all the way to the bottom, losing everything in the process. If you're still holding with the idea you're going to sell to people on gox, I ask you, who exactly are these people you're going to sell the coins to for a much higher price? Bitcoin is still very niche, we're all still early adopters, there are no mom and pop people to offload your litecoins for bitcoins and that is what current value is predicated on and it's a farce.
I was fortunate enough to stumble upon the altcoin section of this forum in January which lead to me speculating on a small purchase and mining. Despite making a sizable profit, given what I have learned now via the forums and experience, I can say it was a mistake to purchase them and at this point in time, I wouldn't invest $1 into a single altcoin because that's a $1 that can go into my bitcoin holdings. You only have to look at the major strides Bitcoin has made this year to see the end is soon coming for altcoins.
I have no position in litecoin and therefore no bias. If I thought there was still an opportunity to make money, I would be mining/buying them but I can't see any upside at all.
A very well written informative post.
Atlantis gone for good means it's just another Bitcoin clone now, it had real potential for a while but what remains isn't worth the fuss.
The infamous mtgox adoption (which I still think was a april fools joke) becomes less and less relevant as gox is limping towards it's gave. There is a slim chance that they might get back into the land of the living again and continue with their plans. But that's doesn't justify a price of over $2 USD, or even above a Dollar.
The infamous mtgox adoption (which I still think was a april fools joke) becomes less and less relevant as gox is limping towards it's gave. There is a slim chance that they might get back into the land of the living again and continue with their plans. But that's doesn't justify a price of over $2 USD, or even above a Dollar.
I beg to differ. Atlantis going away, imo, will do wonders for Litecoin because that stigma will not be associated with Litecoin anymore. It can be the coin that could be used for everyday things.. and of course you can trade whatever you like for it in private and whatnot, but thats your business.. Just like BTC or USD or anything else! Same goes with the gox adoption. Someday gox will not be the behemoth of crypto that it is now and it won't matter what they do, IMO
So many butthurt ppl here, one dumped at <1$ other bought asic which will never make profit, and now they LIE and FUD 
The point none of them have any LTC and they can not DUMP, all they can do is spread shit and try to make panic
The point none of them have any LTC and they can not DUMP, all they can do is spread shit and try to make panic
At least if you cant do a step for ltc, Just don't hold it into your wallet, create transaction's (at least fake one's that transfer your money from one of your account to another account of yourself). Make the coins move in the network. this will help a lot.
Ok this is the second time you posted that shit. I encourage you to stop.
Literally LOL'd.
MT-Gox will finally add it, doesn't matter when.
I've never understood (even back when the rumour started) why the Litecoin crew get all over excited about the prospect of going on MtGox? Surely they want to avoid MtGox? Baffles me.
Don't know... only time will tell
I believe LTC has bright future, MT-Gox will finally add it, doesn't matter when. It is sure that they will. Also, the developer of LTC left Google. He will help LTC in every way, and I'm sure he is very competent. LTC will never go down. Even if it goes it will be for a while. Then, it will climb up again. Remember the days BTC fell to 2$? Everyone can have a bad day..or two
MtGox is irrelevant - it will be only good for speculators and not people seriously investing in LTC long term.Karpeles will rape it good.
You do know that LTC developer is now in Coinbase full time? I don't think he will be able to seriously contribute anymore - I doubt he is willing to deal with it anyway.
LTC is doomed!
-But it is second!!
Seriously??? SECOND??? THEN WHY NOT BE WITH No1?
-It's fast! Good for merchants!
RIPPLE. Hello?
-It is scrypt.
So what? 99% are. And probably scrypt mining will be dead soon, oh the irony. Trolls screaming at BTC-e that ASICs will kill BTC lol
I believe LTC has bright future, MT-Gox will finally add it, doesn't matter when. It is sure that they will. Also, the developer of LTC left Google. He will help LTC in every way, and I'm sure he is very competent. LTC will never go down. Even if it goes it will be for a while. Then, it will climb up again. Remember the days BTC fell to 2$? Everyone can have a bad day..or two
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.
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.
Qiute a reasonable. Now litecoin are trading at volume like 100k a day and mining at 28800 a day. that's too much for todays price. And all that shit with LTC-global to add. I'll buy LTCs next to block halving time. I think the price will be close to 1$ or so.
At least if you cant do a step for ltc, Just don't hold it into your wallet, create transaction's (at least fake one's that transfer your money from one of your account to another account of yourself). Make the coins move in the network. this will help a lot.
Ok this is the second time you posted that shit. I encourage you to stop.
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