Is Litecoin really really cheap right now? Or is it dying? - page 8.

nameface

sr. member

Activity: 406

Merit: 250

Quote from: meebs on March 02, 2013, 09:33:53 PM

umm.. the price of litecoins has remained pretty constant at around 6-7 cents USD each..

its BTC that has catapulted up in value, while LTC has stayed put

LTC price is up 5 cents to over $0.11, outpacing bitcoin massively over the past few days.

neotrix

sr. member

Activity: 428

Merit: 250

Quote from: Monster Tent on March 03, 2013, 01:32:55 AM

Quote from: neotrix on March 02, 2013, 01:25:35 PM

Quote from: imanikin on February 28, 2013, 06:53:27 PM

Quote from: iCEBREAKER on February 28, 2013, 06:33:25 PM

BTC-E is by far the largest Litecoin exchange.

But several vocal Litecoin groupies have decided to boycott BTC-E as a result of their hissy fit over their support for a second scrypt-based altcoin.

ASICs should recharge Litecoin's batteries once they drive difficulty out of sight for GPU miners.

I think what's needed is more uses for LTC. Using it as an cheap arbitrage pipeline between exchanges would increase its usefulness.

Maybe the LTC community should lobby the other B xchanges to do that..

One could probably come out of BTC-E to ripple in LTC, xchange to BTC there, and arrive at another xchange in BTC. Huh

But it would be more useful to leave one xchange in something other than B or fiat and arrive at another in something other than B or fiat, such as in LTC.

A new exchange coming soon to offer new alternative to btc-e, Mtgox... More infos (the demo)coming in next days.

If you can setup a LTC to XRP gateway you would kick btc-e ass.

Noted anyway this exchange will be owned at end I think at 50% by communauty and a thread will be opened to get all idea from future users. Demo will be announced tomorrow

Monster Tent

full member

Activity: 238

Merit: 100

Quote from: neotrix on March 02, 2013, 01:25:35 PM

Quote from: imanikin on February 28, 2013, 06:53:27 PM

Quote from: iCEBREAKER on February 28, 2013, 06:33:25 PM

BTC-E is by far the largest Litecoin exchange.

But several vocal Litecoin groupies have decided to boycott BTC-E as a result of their hissy fit over their support for a second scrypt-based altcoin.

ASICs should recharge Litecoin's batteries once they drive difficulty out of sight for GPU miners.

I think what's needed is more uses for LTC. Using it as an cheap arbitrage pipeline between exchanges would increase its usefulness.

Maybe the LTC community should lobby the other B xchanges to do that..

One could probably come out of BTC-E to ripple in LTC, xchange to BTC there, and arrive at another xchange in BTC. Huh

But it would be more useful to leave one xchange in something other than B or fiat and arrive at another in something other than B or fiat, such as in LTC.

A new exchange coming soon to offer new alternative to btc-e, Mtgox... More infos (the demo)coming in next days.

If you can setup a LTC to XRP gateway you would kick btc-e ass.

meebs

hero member

Activity: 616

Merit: 500

umm.. the price of litecoins has remained pretty constant at around 6-7 cents USD each..

its BTC that has catapulted up in value, while LTC has stayed put

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: neotrix on March 02, 2013, 01:25:35 PM

Quote from: imanikin on February 28, 2013, 06:53:27 PM

Quote from: iCEBREAKER on February 28, 2013, 06:33:25 PM

BTC-E is by far the largest Litecoin exchange.

But several vocal Litecoin groupies have decided to boycott BTC-E as a result of their hissy fit over their support for a second scrypt-based altcoin.

ASICs should recharge Litecoin's batteries once they drive difficulty out of sight for GPU miners.

I think what's needed is more uses for LTC. Using it as an cheap arbitrage pipeline between exchanges would increase its usefulness.

Maybe the LTC community should lobby the other B xchanges to do that..

One could probably come out of BTC-E to ripple in LTC, xchange to BTC there, and arrive at another xchange in BTC. Huh

But it would be more useful to leave one xchange in something other than B or fiat and arrive at another in something other than B or fiat, such as in LTC.

A new exchange coming soon to offer new alternative to btc-e, Mtgox... More infos (the demo)coming in next days.

Awesome, can't wait!

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: neotrix on March 02, 2013, 01:25:35 PM

Quote from: imanikin on February 28, 2013, 06:53:27 PM

Quote from: iCEBREAKER on February 28, 2013, 06:33:25 PM

BTC-E is by far the largest Litecoin exchange.

But several vocal Litecoin groupies have decided to boycott BTC-E as a result of their hissy fit over their support for a second scrypt-based altcoin.

ASICs should recharge Litecoin's batteries once they drive difficulty out of sight for GPU miners.

I think what's needed is more uses for LTC. Using it as an cheap arbitrage pipeline between exchanges would increase its usefulness.

Maybe the LTC community should lobby the other B xchanges to do that..

One could probably come out of BTC-E to ripple in LTC, xchange to BTC there, and arrive at another xchange in BTC. Huh

But it would be more useful to leave one xchange in something other than B or fiat and arrive at another in something other than B or fiat, such as in LTC.

A new exchange coming soon to offer new alternative to btc-e, Mtgox... More infos (the demo)coming in next days.

looking forward!

imanikin

hero member

Activity: 702

Merit: 503

Quote from: imanikin on February 28, 2013, 06:53:27 PM

One could probably come out of BTC-E to ripple in LTC, xchange to BTC there, and arrive at another xchange in BTC. Huh

No, actually one can't do that, unless BTC-E becomes a ripple LTC gateway. Do any of you the BTC-E regulars know whether there is any talk or plans of that at BTC-E?

neotrix

sr. member

Activity: 428

Merit: 250

Quote from: imanikin on February 28, 2013, 06:53:27 PM

Quote from: iCEBREAKER on February 28, 2013, 06:33:25 PM

BTC-E is by far the largest Litecoin exchange.

But several vocal Litecoin groupies have decided to boycott BTC-E as a result of their hissy fit over their support for a second scrypt-based altcoin.

ASICs should recharge Litecoin's batteries once they drive difficulty out of sight for GPU miners.

I think what's needed is more uses for LTC. Using it as an cheap arbitrage pipeline between exchanges would increase its usefulness.

Maybe the LTC community should lobby the other B xchanges to do that..

One could probably come out of BTC-E to ripple in LTC, xchange to BTC there, and arrive at another xchange in BTC. Huh

But it would be more useful to leave one xchange in something other than B or fiat and arrive at another in something other than B or fiat, such as in LTC.

A new exchange coming soon to offer new alternative to btc-e, Mtgox... More infos (the demo)coming in next days.

msm595

full member

Activity: 185

Merit: 100

Now a new question: is litecoin difficulty really going to spike, and will that bring the price back up?

nameface

sr. member

Activity: 406

Merit: 250

Quote from: bitcool on February 28, 2013, 07:32:59 PM

For quite some time now, speculative interest has been flowing out of LTC to BTC and newer shiner stuff, this outflow seems to be drying up.

Looks like it's ready to catch a fire, just need a little sparkle ...

+1

imanikin

hero member

Activity: 702

Merit: 503

Quote from: Peter Lambert on February 28, 2013, 07:37:10 PM

Quote from: imanikin on February 28, 2013, 04:56:41 PM

...
Seems that if more xchanges besides BTC-E offered LTC funding, that would help arbitrage traders, and all xchanges also.
Maybe i am missing some reason why the xchange operators are not doing that? Huh

Take a look at Ripple. When it gets more wide spread you will be able to use it to send USD from one exchange to another as easily almost as sending bitcoin.

Right. I mentioned that earlier. That would be a 2-hop process though, with all the accompanying rules when moving USD, so that the US.gov doesn't come after them.

I am hoping the whole trade can just happen on ripple, or OpenTransaction servers eventually. Until then, it would be useful for arbitrage to be able to move funds in 1 hop from 1 xchange to another with LTC.

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Quote from: imanikin on February 28, 2013, 04:56:41 PM

Quote from: cdog on February 28, 2013, 11:11:18 AM

Overall Im very bullish on LTC, because the value right now is so good and the upside is so so big.
...

I think LTC would be perfect for arbitrage traders to jump funds from one xchange to another.

Sometimes one needs to do that in something other than B, and doing it in fiat is a slow, expensive hassle...

Seems that if more xchanges besides BTC-E offered LTC funding, that would help arbitrage traders, and all xchanges also.

Maybe i am missing some reason why the xchange operators are not doing that? Huh

Take a look at Ripple. When it gets more wide spread you will be able to use it to send USD from one exchange to another as easily almost as sending bitcoin.

bitcool

legendary

Activity: 1441

Merit: 1000

Live and enjoy experiments

For quite some time now, speculative interest has been flowing out of LTC to BTC and newer shiner stuff, this outflow seems to be drying up.

Looks like it's ready to catch a fire, just need a little sparkle ...

imanikin

hero member

Activity: 702

Merit: 503

Quote from: iCEBREAKER on February 28, 2013, 06:33:25 PM

BTC-E is by far the largest Litecoin exchange.

But several vocal Litecoin groupies have decided to boycott BTC-E as a result of their hissy fit over their support for a second scrypt-based altcoin.

ASICs should recharge Litecoin's batteries once they drive difficulty out of sight for GPU miners.

I think what's needed is more uses for LTC. Using it as an cheap arbitrage pipeline between exchanges would increase its usefulness.

Maybe the LTC community should lobby the other B xchanges to do that..

One could probably come out of BTC-E to ripple in LTC, xchange to BTC there, and arrive at another xchange in BTC. Huh

But it would be more useful to leave one xchange in something other than B or fiat and arrive at another in something other than B or fiat, such as in LTC.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

BTC-E is by far the largest Litecoin exchange.

But several vocal Litecoin groupies have decided to boycott BTC-E as a result of their hissy fit over their support for a second scrypt-based altcoin.

ASICs should recharge Litecoin's batteries once they drive difficulty out of sight for GPU miners.

weex

legendary

Activity: 1102

Merit: 1014

Quote from: nameface on February 28, 2013, 11:46:04 AM

Quote from: weex on February 28, 2013, 11:26:26 AM

The http://litecoin.org page has been updated.

good work on coindl.com weex, sweet site

Thanks nameface. Epicly derailed thread is epicly derailed.

imanikin

hero member

Activity: 702

Merit: 503

Quote from: Walter Rothbard on February 28, 2013, 05:44:22 PM

Quote from: imanikin on February 28, 2013, 04:56:41 PM

...
Seems that if more xchanges besides BTC-E offered LTC funding, that would help arbitrage traders, and all xchanges also.

Maybe i am missing some reason why the xchange operators are not doing that? Huh

I'm pretty sure you can deposit and withdraw LTC on all of the major altcoin exchanges. I haven't done it, but I have done it with Terracoin.

Perhaps, but the ones that really matter are the top 5-10 B xchanges. Of those, i think only BTC-E works with LTC, right?

In any case, i hope they all get replaced soon with ripple, or a dark p2p xchange.

I criticized and disagreed with jed on the way he envisions a good xchange, both when he owned MtGox and afterwards, but i think he was wise to unload MtG. He is smart enough to see that MtG and the like is the past of xchanges, and the future is with the ripple p2p model he is developing now. I am grateful for that, and wish him well!

Walter Rothbard

sr. member

Activity: 476

Merit: 250

Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

Quote from: imanikin on February 28, 2013, 04:56:41 PM

Quote from: cdog on February 28, 2013, 11:11:18 AM

Overall Im very bullish on LTC, because the value right now is so good and the upside is so so big.
...

I think LTC would be perfect for arbitrage traders to jump funds from one xchange to another.

Sometimes one needs to do that in something other than B, and doing it in fiat is a slow, expensive hassle...

Seems that if more xchanges besides BTC-E offered LTC funding, that would help arbitrage traders, and all xchanges also.

Maybe i am missing some reason why the xchange operators are not doing that? Huh

I'm pretty sure you can deposit and withdraw LTC on all of the major altcoin exchanges. I haven't done it, but I have done it with Terracoin.

imanikin

hero member

Activity: 702

Merit: 503

Quote from: mubit on February 28, 2013, 05:05:36 PM

perhaps if vircurex can get their act together

I actually hope none of the current xchanges get their act together, and all the B trading moves to a cheaper, distributed, p2p platform, such as Ripple, once they build up the trading infrastructure, or a dark xchange, if necessary. Cool

The centralized xchanges are really part of the old Wall-Street-middlemen trading model, which is kind of annoying, and should go away with the banks asap, with all its insiders, KYC, AML, self-serving regulations favoring the largest traders, too-big-to-fail, etcetera.

As it stands right now, we simply traded the old, expensive, centralized, banking/brokerage middlemen for cheaper ones... Sad

mubit

newbie

Activity: 43

Merit: 0

Quote from: imanikin on February 28, 2013, 04:56:41 PM

Quote from: cdog on February 28, 2013, 11:11:18 AM

Overall Im very bullish on LTC, because the value right now is so good and the upside is so so big.
...

I think LTC would be perfect for arbitrage traders to jump funds from one xchange to another.

Sometimes one needs to do that in something other than B, and doing it in fiat is a slow, expensive hassle...

Seems that if more xchanges besides BTC-E offered LTC funding, that would help arbitrage traders, and all xchanges also.

Maybe i am missing some reason why the xchange operators are not doing that? Huh

perhaps if vircurex can get their act together

Topic: Is Litecoin really really cheap right now? Or is it dying? - page 8. (Read 25744 times)