I don't see how Litecoin will not jump in price once it's on BTCChina or I am missing something ?
You're right it should increase in value.
Topic: litecoin dead ? - page 21. (Read 49319 times)
I don't see how Litecoin will not jump in price once it's on BTCChina or I am missing something ?
I agree. How much BTC do you thing USA goverment owns?!
All from Dread, they took it from him. And they will dump it just to crush BTC
Except it simply won't work. A few problems with your hypothesis:
1. The FED's can't sell these coins until after trail, which could be a year or more.
2. This assumes they would sell them on an exchange, as apposed to a public auction.
3. People would welcome the dump and buy up cheap coins with joy. Millionaires would be made off this single rebound.
I agree. How much BTC do you thing USA goverment owns?!
All from Dread, they took it from him. And they will dump it just to crush BTC
Except it simply won't work. A few problems with your hypothesis:
1. The FED's can't sell these coins until after trial, which could be a year or more.
2. This assumes they would sell them on an exchange, as apposed to a public auction.
3. People would welcome the dump and buy up cheap coins with joy. Millionaires would be made off this single rebound.
The main LTC advantage I see is that theirs not ASIC induced difficulty spiral and that's creating a more stable valuation similar to what we saw in the 2012 time frame for BTC in which Hash rates were growing at a stable Moore's law pace. Stability has been held up as a holy-grail for long-term adoption so logically LTC has an advantage now. Oddly though people seem to forget all about stability when their becoming 'rich' from a bubble.
The exact same advantage is provided by FTC, DGC, WDC and a lot of others including XPM, PPC, NVC. Litecoin now is nothing special. The best thing to do now is not keep everything in LTC but to spread out.
The last time the litecoin price spiked a few months ago, we saws huge influx of alt coins, Was this a organised effort to simply dilute altcoins into oblivion......maybe, maybe not........ Many litecoin clones don't make litecoin any less special just like many altcoins don't make Bitcoin any less special.
Very bad website.
Litecoinlocal the name doesn't sound right.
Litecoinlocal the name doesn't sound right.
Litecoin is alive and going to the moon.....
Wrong in every possible way. Litecoin is alive and going to the moon.....
Yep, and all trolls here can bite their elbows afterwards
Litecoin is alive and going to the moon.....
LTC joined in the BTC mania but there is one problem. LTC mining difficulty isn't rising as fast as BTC so I think there is a bubble in LTC. Even so, LTC isn't going to die as long as it has GPU mining.
The main LTC advantage I see is that theirs not ASIC induced difficulty spiral and that's creating a more stable valuation similar to what we saw in the 2012 time frame for BTC in which Hash rates were growing at a stable Moore's law pace. Stability has been held up as a holy-grail for long-term adoption so logically LTC has an advantage now. Oddly though people seem to forget all about stability when their becoming 'rich' from a bubble.
The exact same advantage is provided by FTC, DGC, WDC and a lot of others including XPM, PPC, NVC. Litecoin now is nothing special. The best thing to do now is not keep everything in LTC but to spread out.
As I write this, LTC Cap has doubled to $107,000,000 = not dead.
There is not a single good reason to put 2 times more money into LTC miners' pockets. Did LTC difficulty followed the trend, e.g. did miners
went out and bought enough hardware to double their LTC hashrates? No! So it is all, as said few times earlier, about speculation which as
an side-effect makes current LTC miners richer. They make 2 times more money than before and that's it. In a same way (speculation) LTC
market cap could be increased to $10+ billions but without real use of LTC the only ones profiting are smart speculators and miners. Pretty
much like mining UNO while difficulty is 10k or less and dumping it on exchange, or buying it for cheap and then putting sale orders at 200%
of buying price. One can make nice profits there ... and?
LTC is nowhere near dead but it is becoming less and less useful every week. That is what matters. At some point, if LTC usefulness drops
even lower, other altcoins will come to light as a way better alternatives to BTC. PrimeCoin = 1 minute block time, neither SHA nor Scrypt,
mining it actualy produces useful side-effects, actively developed by known dev. All in all, when compared with XPM, LTC is an old tech. All
aces LTC community were pulling all this years (different algo, faster, more coins total) are no longer important. There are much better deals.
Less and less useful? Compared to which alt coin exactly? Bitcoin and Litecoin are actually the only coins I ever used to pay things with. Never had the option to pay with any other coin. You expect to see Primecoin next month on all major exchanges, payment processors build for it and merchants accepting it? Litecoin is on it's way for all that but you think that magically out of the blue people will think "nah, old tech lets switch to another coin". I guess I better also sell all my Bitcoins before the others realize it is old tech.
Bitcoin is a highly centralized, ultra-volatile commodity with a very low velocity...
Monopolized by early adopters, rich miners, and hoarders.
If you just look at volatilty...
It would be like running the US economy on sugar or gas futures.
SO IT'S NEVER GONNA HAPPEN.
That means Bitcoin has no real advantage over any of the Alts...
And the Gen 2.0 Crypto that will change the world probably has not been launched yet.
Keep your eye on those launches. Look for innovation.
I agree. How much BTC do you thing USA goverment owns?!
All from Dread, they took it from him. And they will dump it just to crush BTC
The main LTC advantage I see is that theirs not ASIC induced difficulty spiral and that's creating a more stable valuation similar to what we saw in the 2012 time frame for BTC in which Hash rates were growing at a stable Moore's law pace. Stability has been held up as a holy-grail for long-term adoption so logically LTC has an advantage now. Oddly though people seem to forget all about stability when their becoming 'rich' from a bubble.
The exact same advantage is provided by FTC, DGC, WDC and a lot of others including XPM, PPC, NVC. Litecoin now is nothing special. The best thing to do now is not keep everything in LTC but to spread out.
The main LTC advantage I see is that theirs not ASIC induced difficulty spiral and that's creating a more stable valuation similar to what we saw in the 2012 time frame for BTC in which Hash rates were growing at a stable Moore's law pace. Stability has been held up as a holy-grail for long-term adoption so logically LTC has an advantage now. Oddly though people seem to forget all about stability when their becoming 'rich' from a bubble.
What would those innovations include?
QuantPlus will be an early adopters and thus it will be good, as opposed to existing coins where he isn't and they are bad.
Wealth envy is always a sad thing to watch, cryptocurrency doesn't make that any different.
As I write this, LTC Cap has doubled to $107,000,000 = not dead.
There is not a single good reason to put 2 times more money into LTC miners' pockets. Did LTC difficulty followed the trend, e.g. did miners
went out and bought enough hardware to double their LTC hashrates? No! So it is all, as said few times earlier, about speculation which as
an side-effect makes current LTC miners richer. They make 2 times more money than before and that's it. In a same way (speculation) LTC
market cap could be increased to $10+ billions but without real use of LTC the only ones profiting are smart speculators and miners. Pretty
much like mining UNO while difficulty is 10k or less and dumping it on exchange, or buying it for cheap and then putting sale orders at 200%
of buying price. One can make nice profits there ... and?
LTC is nowhere near dead but it is becoming less and less useful every week. That is what matters. At some point, if LTC usefulness drops
even lower, other altcoins will come to light as a way better alternatives to BTC. PrimeCoin = 1 minute block time, neither SHA nor Scrypt,
mining it actualy produces useful side-effects, actively developed by known dev. All in all, when compared with XPM, LTC is an old tech. All
aces LTC community were pulling all this years (different algo, faster, more coins total) are no longer important. There are much better deals.
Less and less useful? Compared to which alt coin exactly? Bitcoin and Litecoin are actually the only coins I ever used to pay things with. Never had the option to pay with any other coin. You expect to see Primecoin next month on all major exchanges, payment processors build for it and merchants accepting it? Litecoin is on it's way for all that but you think that magically out of the blue people will think "nah, old tech lets switch to another coin". I guess I better also sell all my Bitcoins before the others realize it is old tech.
Bitcoin is a highly centralized, ultra-volatile commodity with a very low velocity...
Monopolized by early adopters, rich miners, and hoarders.
If you just look at volatilty...
It would be like running the US economy on sugar or gas futures.
SO IT'S NEVER GONNA HAPPEN.
That means Bitcoin has no real advantage over any of the Alts...
And the Gen 2.0 Crypto that will change the world probably has not been launched yet.
Keep your eye on those launches. Look for innovation.
What would those innovations include?
I still don't see the reasoning behind why you think if BTC takes off, that all other alts will be suddenly crushed. In my mind it's going to be the other way around. Actually having a crypto-currency take off, and having thousands of additional users will mean only good things for alts. A few might make it into more places of business, and if the price of BTC did spike, a lot of the population will be annoyed dealing with 0.00002 of a currency unit. Sure there is the Satoshi to deal with it, but it will open it up for some other alts for day to day purchases.
And NO Vlad, not every non-technical person is going to run out and purchase an ASIC miner, and start using BTC. Since ASIC's have arrived, mining BTC is slowly slipping more and more out of the individual hands and it's going big business. Another reason a lot of people are behind the smaller alts. It's kind of funny watching something that was created to shut down big business controlling them/their money, only to watch the same people bow down to the dollar when money starts coming in.
And NO Vlad, not every non-technical person is going to run out and purchase an ASIC miner, and start using BTC. Since ASIC's have arrived, mining BTC is slowly slipping more and more out of the individual hands and it's going big business. Another reason a lot of people are behind the smaller alts. It's kind of funny watching something that was created to shut down big business controlling them/their money, only to watch the same people bow down to the dollar when money starts coming in.
Actually the LTC difficulty has more than doubled in the last 3 months or so, as 500 was the norm for the longest time, now it bounces between 1000-1200. The price was just really slow to catch up, as there were a few hick-ups along the way, not that BTC didn't have the same problems. Difficulty went up from 11 mil to 300 mil, yet the price had dropped to the $80 mark for a while. Now both currencies have gotten over loosing their biggest drug trading sites, and the prices are both going up finally.
This Litecoin bounce is temporary. As Bitcoin blows past $500 and higher most alt coins will get slaughtered, but especially Scrypts, including Litecoin.
There will be another crypto rising up next year but it won't be Litecoin. I bet it will be a coin most least expect and thus most will miss the boat.
How fitting...
Dead as a doornail. Now hop on btc quick!
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