Topic: Is Litecoin really really cheap right now? Or is it dying? (Read 25754 times)

I hope ltc can return to full glory in the near future. My investment was not at this point a wise one. I have other crypto currency that has helped me weather this storm, but it is sad to see LTC is now viewed as stagnant my many.

Coblee was too concerned with btc but he looks back on the case with LTC. We will see.

Yes. Exactly. People said it is dead years ago! And litecoin is still among the most popular and used in casino business altcoins. It is very similar to bitcoin but everything happens a lot slower with it (perhaps because of the big amount of them), so I think it will rise again and be pretty nice and stable. I think now is the best time to invest in litecoin, because it is really cheap.

yes there is a possibility LTC can wake up again from the dead, but it all depends on how it worked out well, I am sure LTC may die due to stay away by the developer for time or for some reason, we'll see how it might happen.

Litecoin is just fine.. it's the scene that is dying.

I think LTC will rise again. Maybe it takes some time but 10$ shouldnt be a problem.

Looks like Litecoin started dying right after it's creation. Why there are so many people obsessed with spreading FUD against Litecoin? I don't get it. I'm just browsing old topics, and it's always litecoin is dying. For 5 years, no matter what price, already.

That's a really long way to say "I am smarter than the market and I'm here to tell everyone the market is wrong, because I know better."

Endless babbling won't do anything to change the fact Litecoin almost always has the 2nd highest volume after Bitcoin.

I was just pointing out that there are better ways to hedge a Bitcoin investment than to invest in Litecoin (or any other cryptocurrency.) Also, that there are better "backups" to Bitcoin, mainly ones that don't share 95%+ of the same code base as Bitcoin. If a flaw is found in Bitcoin that kills it, then Litecoin would likely be the next to fall due to the amount of code that is shared. If something major happened that killed Bitcoin, it wouldn't make any sense for everyone to switch to a cryptocurrency that is heavily based on Bitcoin so that we can all relive the same scenario several years down the line.

Your "empirical evidence" constitutes of one small and short lived occurrence. I don't think you can call that empirical evidence when you compare the number of days that the Litecoin value followed the Bitcoin value to that one time that lasted a few days a couple years ago (or however long ago it was.. I'm too lazy to look it up, but yes I was around then.) It is because of that that the empirical evidence backing my side of the argument is much stronger. Anyways, anyone that knew anything knew that the Bitcoin fork you speak of was an easy to fix problem, which was in turn fixed very quickly. Its only served purpose was a method of separating weak hands from their Bitcoins.

I also posit that most people that are invested in Litecoin don't truly think that "LTC is the best known-good hedge, safe haven, and hot-swappable BTC-compatible backup." They are simply speculating that the price will go up at least once from where it's at, and that they will be able to sell their Litecoins at a profit. Litecoin really provides no use or utility in the crypto community compared to other coins that actually bring something innovative and useful to the table. It is king of the alts for now because of the network effect, but network effects can be overcome, and I think Litecoin's time in the sun is nearing an end. We will see who is right in a few years I suppose.

My statement is supported by empirical evidence.  IE, when Bitcoin suffered a chain fork Litecoin shot up in value.

Perhaps you are too new here to remember that time.

The market has decided LTC is the best known-good hedge, safe haven, and hot-swappable BTC-compatible backup.

You are dumb for trying to tell the market it is wrong.

Good luck shorting LTC.  Oh wait, you're not actually putting your money where your mouth is?  I'm not surprised.   

This is a dumb statement. The Litecoin price has historically followed the Bitcoin price. Litecoin shares a large percentage of its code base with Bitcoin. To call it a hedge, safe haven or hot-swappable backup is laughable at best. The only hedge to cryptocurrencies are FIAT, stocks, bonds, commodities, etc... not other cryptocurrencies.

The only possible exceptions to this are stable cryptocurrencies backed by smart contracts or a centralized entity a la Smartassets (bitshares), Nubits (Nushares), Tether, etc..

LTC is at *WORST* a known-good hedge, safe haven, and hot-swappable BTC-compatible backup.

At best, in the event of actual widespread crypto use, LTC is first in line to catch overflow excluded from BTC by higher tx fees.

It's really funny how many Bitcoiners laugh at Bitcoin obituaries, then without skipping a beat turn around and write yet another 'LTC is dead/stagnant' shitpost.

Bitcoin Monopolist Maximalist Supremacist:

"I'm so glad BTC is here to destroy central bank fiat and keep commercial finance honest.  God I love competition!"
"ZOMGAWD HOW DARE LITECOIN PRESUME TO COMPETE WITH BITCOIN THE ONE TRUUUUUE CURRENCY!!11!111"

It's far from dying.  But it's not going anywhere as is.  It is a safe haven coin if something goes wrong with BTC at best.

Just to show you Litecoin is not dying and here to stay. 

Really.. why bump this three when there's 2 others discussing the same thing on page 1. 

It is dying. Read this article.

The Death of Litecoin: Boom, Bust and Self-Destruction

The Death of Litecoin: Boom, Bust and Self-Destruction   Litecoin, the world’s third largest cryptocurrency ($ 137,703,781 in marketcap) created in October 2011 by Former Google Engineer and current Coinbase Director of Engineering Charles Lee was popular among digital currency miners due to its implementation of a unique ASIC resistant proof of work algorithm called...

http://www.altcointoday.com/death-litecoin/

Sounds to me like you'll do just fine, smalltimer. Just keep in mind that your target price might prove to be a bit conservative, and use your analysis to find the best cash out window. Because that bubble peak will come and go so fast it'll make your head spin. 

I'll take litecoin's market cap, liquidity, name recognition, and availability on multiple exchanges over any alt coin, regardless of its bells and whistles, EVERY DAY OF THE WEEK (and twice on Sundays). From a business/market perspective, these traits are a thousand times more important than the latest "innovation" of the day.

It's, uh, a metaphor.


I don't think you quite understood that chart, lol. It precisely defines the current relationship between the two coins. They follow each other, but the ratio of relative values changes over time – it's not a simple constant relationship.

It was just a marketing trick.

i know, they go on and say the asic will secure the block chain, what make a less secure ltc block chain than BTC???

IX coi or IO coin is probally more secure than LTC. That does not give them value.

Only the different algo remains

and good dev, if not acerbic