Topic: Is this Litecoins first bubble? - page 2. (Read 3824 times)

This

I hope you realise how many people have been turned away from Bitcoin by calling Litecoin a pyramid scheme, crypto coins are relatively new I believe Bitcoin itself can be termed experimental still. If you do have lots of money invested in Bitcoin why wouldn't you diversify 10-20% at the very least into Litecoin for one it's an eggs in baskets thing, even bit-pay have said should something disasterous occur to Bitcoin they would switch to the next crypto coin.

Litecoin=Bitcoin hedge=higher prices=media attention=more users=more Dev=more services=higher prices

Or 1 BTC is worth 25 LTC

What I really like about LTC and PPC developers is that they question almost everything that BTC crowd tends to heralds as absolute truth.
Last temporary fork fiasco is a good lesson to all the coins out here. Huge transaction spam and absurdly bloated block chain are also not strengths either.
I reckon PPC and LTC have thought about it and working to resolve this as early as possible.
What about huge energy demands to keep BTC functioning properly? How many nuclear power plants are needed? 1? 5? 10? 
Best thing anyone can do now, is develop real life uses for all the coins. Brainstorm (but first make sure you actually know how to do it correctly!)

Dive Dive Dive....


Too low, pull up.  Too low, pull up.



LTCs first big rollercoaster

All i have to say is LTC & BTC forever 

Personally, my intuition tells me LTC is going to be as big as BTC, and eventually, one LTC will be worth 0.25 BTC

This is the golden question, I sold about 10,000 LTC last night and I'm waiting for a correction right now.

If this correction doesn't come which I think is unlikely then it's very good for LTC.

It was also interesting to see some movement on PPCoin.

more interesting question is what would be the price when LTC pops

I dont believe in LTC, but that wiki paragraph should be edited or removed. You could make the exact same argument against BTC to call it a ponzi scheme;  That bitcoin has "significant potential" whereas LTC might not, regardless of its merrits, is not how you disprove a ponzi. LTC might be grossly overvalued, its no more  a ponzi than BTC is.

Yes but it is driven not by demand of a product or service, but as an "investment" with no real liquidity

If you have been watching. LTC/USD on btc-e.com has had at least 3 consecutive days of over $150,000 volume in 24 hours.

LOL, this this wiki is managed by rabid btc fanatics. What did you expect? Honest and well written description of their biggest competition (for now)?
Screw that wiki. Its content is not what OP asked nor postulated.

LTC massive jump, while there is no new and useful services added, sure looks like a bubble. Same with BTC.
Comparing this to BTC first real bubble is probably a overstatement, unless you are not talking about the 2011 May-July happening.
If you compare it to 2011 Jan - Feb rally, you are probably correct. In this case, the really rally has not even started yet.

LTC and PPC must do everything to make fiat pairs more popular and become less dependent of LTC:BTC pair.
Why? Because this means there is more fresh fiat poring in directly to LTC and PPC "economy" and bypassing BTC.

I honestly hope that people stop talking about PPC and LTC as "new shiny internet currency" and market it as a fast, cheap and secure way to transfer fiat. Yes, it needs much better infrastructure (fiat -> LTC -> fiat) system we have right now.
If you have ever been on the merchants end of CC system (VISA, MC, etc), you know how slow and absurdly expensive those actually are. You also know what a nightmare foreign currencies are unless you live and do business in a country where inflation is high, more stable currencies are welcome at most shops.

Is it a bubble? I think this is just a prelude to a real bubble. But yes, at the moment we can call a bubble because it's driven by greed  and not by the real demand.

So litecoin is a scheme and Bitcoin isnt cause is a biggest market...wow what a statement...Ok let explain this to my small sister : Her reply " Ho but its still exactly same and if bitcoin is biggest market then the scheme is bigger with BTC?" My reply : " Yes but BTC have more lover and LTC have ore hater so he why we can read such debility..."

Hm, look at Google Trends: http://www.google.com/trends/explore#q=litecoin&cmpt=q

Looks like something is happening... Also, all the interest seems to be from the US. The Russians haven't discovered Litecoin yet?

The Vulnerability to mining monopoly has been edited, I was quoting the way it used to be.


This section is still the same; A pretty harsh way to describe your little brother:

 Pyramid Scheme

Since the aforementioned reasons mean Litecoin has no future potential, it effectively functions as a pyramid scheme, rewarding those who get in sooner at the expense of those who adopt it just before it finally fails (and are left with nothing). This is not the case for Bitcoin, since it has significant potential to become a long-term currency and continually be beneficial to adopters no matter when they begin using it.

^^^
How about someone edit that and see what happens? 

The article doesn't mention a weak network.

Diversity is good - Bitcoin was first, yes but LTC also has a lot of potential 

https://en.bitcoin.it/wiki/Litecoin

Can you link to the article for me? Be interested to read it.

Peronally, my intuition tells me LTC is going to be as big as BTC, and eventually, one LTC will be worth 0.25 BTC

Well there is reason, it is the increased speculation and the HUGE influx of miners leaving Btc and going to Ltc as it currently offers higher rewards at it was a much more untapped market.

Regarding security I've read that as well but only time will tell, I hope it can make it as a secondary to Btc but who knows what will happen. After investing with Btc for so long I'm no longer surprised at how quickly things can turn in a single hour.

yeah I feel it will pop too, price raise too fast in a short time with no reason.