Topic: Is anyone still holding LITECOIN? (LTC) (Read 2128 times)

Personally I converted all my LTC to DOGE.

Technically (scrypt algo) both are the same, but DOGE has 2 big advantages: a) fast growing community with a friendly attitude towards newbies, resulting in a credible and friendly face of DOGE crypto to an average joe user; b) large number of coins, which makes users of DOGE spend them easier than LTC, which in turn puts DOGEs into the hands of even more users, who generate more useful services and websites that accept DOGEs and this cycle repeats again and again, as a result community on reddit will soon reach the number of bitcoin reddit users.

One thing you should keep in mind, in 2014 cryptos' development and adoption rate is becoming X times faster, what took 2-3 years for LTC to develop in terms of network and community DOGE did in 2-3 months.

5% inflation rate after all 100 bln DOGEs are mined is nothing, because adoption rate can generate too much demand to care about that modest inflation. Just look at the price appreciation now, when DOGE has 5% a week inflation rate! Besides, if you check the inflation rates for LTC and BTC for the next few years, those are comparable to DOGE.

LTC was a buying opportunity while the going was good back in October-November, but now DOGE is the new scrypt coin in terms of maximum appreciation potential. DOGE could be replaced by something else, who knows, can't predict anything in cryptos for more than a few weeks, months at most, just look at what happened to BTC in the past week with all the FUD going on, can't make plans for years, it's all new technology and leaders become losers very quickly.

Oh, and emotional attachment to any investment leads to losses. So if you hold an investment and it has lost 50%, it's time to re-assess your initial decision to invest in it.

With all of the alt-coin auto-profit changing pools that shouldn't surprise anyone. 

I still see LTC as more of a long-term contender than DOGE, but I might be wrong... as such I am considering adding DOGE to my portfolio.

7100 ltc?? i'm trying to get 1 4 weeks now, but my dumb ass i3 is too slow to get me any, I would ask for a small donation but....

i sold a lot of mine at 9.90.... still sad. It cuts both ways. Still waiting for it to come down lol

i bought in to ltc @ 2.00 and still hold

The numbers on bitinfocharts are 24hr averages. They take into account fluctuations in hash rate between individual blocks.


Maybe the fact that it doesn't take itself quite as seriously as most other altcoins is one of the reasons it's been so successful

Coblee, the creator of Litecoin, was at one of the big New York hearings just a couple of weeks ago. Litecoin is currently more traded than Bitcoin, having almost twice the trading volume according to http://www.cryptocoincharts.info/v2/coins/info

Litecoin has a huge community at https://litecointalk.org/ 



 

This is what I've been starting to think too. It's not like LTC has features that surpass other alt coins. And more importantly I'm not hearing anything about the dev involvement, for all I know they may ditched the coin.

This is awesome!!!! These arguments were exactly what LTC advocates would post about bitcoin a year ago.  Too funny.  ROFL!!!

why do you think litecoin will rise again and have any future?

it is SLOW as HELL, it gets killed as soon as asic miners for scrypt are out  and its a real boring coin..

the only reason why alot people hold litecoins is because they bought for $20-40 and don't want sell it now for <$20, or they are prisoners of scientology and believe in a x20 rise 

The key was 'continuous' hashrate. A huge chunk of doge's hashrate comes from auto-switchers that are only mining on probably 30% of doge blocks.  This would be at least 30GH/s.  When the block reward halving comes soon, all that hashing power will stop targeting doge.  Compare that to LTC which goes thru much smaller variance and over much longer time periods. Doge is a joke, albeit a profitable one for the time being until interest dies off.

Doge halving comes in about 3k blocks... AKA 50hr from now.

Where have you been? DOGE and LTC have had roughly the same hashrate for the past three weeks. See for yourself: http://bitinfocharts.com/comparison/hashrate-ltc-doge.html

Not sure where you get those numbers lol, but the continuous doge hashrate is definitely not that high.  Doge has around 1/3 the network strength of LTC.  Doge is a hillarious and profitable (for now) joke.  But the chances of it appreciating in value seem pretty slim.  The variable reward blocks are attracting a lot of profit-switching pools like middlecoin to rape the high reward blocks, but then almost nobody mines the low reward blocks.  Only accurate metric for doge hashrate is difficulty (this is why coinchoose shows ? ? ? for network hashrate).

HODLING them from 1 year, will hold them for next 1-2 years.

If a coins value can be determined by its network hashrate then maybe you should sell ltc and buy something else 
LTC: 77.93 GH/s, DOGE: 103.84 GH/s
Im not saying doge is a better long term investment, but it will go through a couple of block halvings this year and if its popularity stays on the same level the value should increase by quite a lot.

me, still holding until it hit $50 again..

once the price of bitcoin rise, other important altcoins also rise. LTC is second to bitcoin so don't worry.

Price of bitcoin goes down, people buy bitcoin, not much of the alts.

Price of bitcoin goes up, people put their money/bitcoin into altcoins.

Poor folk like myself cannot afford to play the bitcoin market. Best we can do is buy it when its down and take our chances on altcoins the rest of the time.

I own some litcoin and I feel its the most secure of them all right now. 

The prices will rebound. Don't worry so much.

Just my 2 cents.

Why do you think alt cryptos can't go down? Even if Bitcoin becomes 'the' supported digital currency?

Of course I am holding I be a fool not to. Its cheap right now. We have seen what it CAN do. You just need to ignore the fud going on... and if it does get to you just walk away.