Topic: litecoin dead ? - page 26. (Read 49319 times)
Naysayers a plenty, even with LTC soaring. Time will tell.
Yes, yes, you're a winner but given Bitcoin is $300 we had to cancel all prizes.
lol.
No, bitcoin is 292$.lol.
You say bitcoin is 300$, and now we accuse you of being a scammer!
Lol. Another "BINGO" for being a funny.
Yes, yes, you're a winner but given Bitcoin is $300 we had to cancel all prizes.
lol.
No, bitcoin is 292$.lol.
You say bitcoin is 300$, and now we accuse you of being a scammer!
and we have a winner?
Yes, yes, you're a winner but given Bitcoin is $300 we had to cancel all prizes.
lol.
and we have a winner?
7 merge mined coins now with Bitcoin and not to mention a sky rocketing Bitcoin price.
I wonder how many new entrants or new buyers or hardware are gonna buy power hungry GPU's to mine a dying Litecoin all by itself (just 1 dying coin) or for the same amount of money buy an ASIC and mine a raging Bitcoin and along with the Bitcoin also get 7 other alt coins for free.
So 8 coins mining for even less electricity cost versus mining 1 shity scrypt coin with a power hungry GPU.
Anybody starting to see the inherent problem with LTC and Scrypt coins yet? Or do we have to get to $1,000 BTC and 24 merge mined coins before even the sheep see it?
In my opinion, the Litecoin spike we're seeing now is nothing than a bull trap. There's no way the smart money isn't seeing this.
There is no future for Litecoin or scrypt, it is DOA!
I wonder how many new entrants or new buyers or hardware are gonna buy power hungry GPU's to mine a dying Litecoin all by itself (just 1 dying coin) or for the same amount of money buy an ASIC and mine a raging Bitcoin and along with the Bitcoin also get 7 other alt coins for free.
So 8 coins mining for even less electricity cost versus mining 1 shity scrypt coin with a power hungry GPU.
Anybody starting to see the inherent problem with LTC and Scrypt coins yet? Or do we have to get to $1,000 BTC and 24 merge mined coins before even the sheep see it?
In my opinion, the Litecoin spike we're seeing now is nothing than a bull trap. There's no way the smart money isn't seeing this.
There is no future for Litecoin or scrypt, it is DOA!
It is slowly dying.
Like it or not, supply and demand is what drives markets
Well supply, demand, geed, fear, and momentum.
The sharp rallies and falls have more to do with geed and fear. That applies equally to Bitcoin.
This is correct. We're far beyond just supply and demand here. Fear and greed will be major contributors.
And then also, since this is a fiat, velocity will greatly increase as the masses come in and more businesses accept the Bitcoin which will lead to a much higher turnover rate which in turn will push the price higher yet.
Lots of unseen forces at work for Bitcoin - this thing is just getting started. That's why I said months ago it will blow past $1,000 within 12 months and next year we'll see 1 ounce of pure gold trade straight across for 1 Bitcoin.
I was called crazy and insane but now I think people are starting to see what I've been talking about.
Like it or not, supply and demand is what drives markets
Well supply, demand, geed, fear, and momentum.
The sharp rallies and falls have more to do with geed and fear. That applies equally to Bitcoin.
Well I'll agree the current 50-100:1 makes no sense, but I hiiiiiiighly doubt it will go over 1:4.... there's some math needs to be done about the circulationary aspects compensating for number of issued coin so could end up being steady at 1:8 or so... but fer now, I think 1:20 would be supportable.
I for one, in the very minority, believe in the possibility of 1:1 (not 4:1) price ratio between BTC and LTC. When cryptocurrency is widely adopted and conversion between LTC and BTC is fully automated, they'll just become one: BLTC. The current 50~100:1 ratio makes no sense.
I am not predicting this will happen with high confidence, but I am willing to pay good BTCBTCBTC for this possibility.
I am not predicting this will happen with high confidence, but I am willing to pay good BTCBTCBTC for this possibility.
Total trading volume has nothing to do with currency usefulness. One could setup machines to increase LTC total trading volume way above BTC
total trading volume but it would not affect the fact that LTC is pretty much useless right now. If something is useless but there is a chance that
something will become useful so you invest in that something than we are speaking about speculation, not true demand.
total trading volume but it would not affect the fact that LTC is pretty much useless right now. If something is useless but there is a chance that
something will become useful so you invest in that something than we are speaking about speculation, not true demand.
well BTC is still not that useful, but I believe in it, this is what real investor do, and you are wrong LTC is more useful than any other ALT out there, and there is a real big journey ahead of us to get to the public adoption that we want.
I will just add this, when both coins go more mainstream and get to our daily life, I would feel more conformable paying for coffee or a meal with Litecoins, I would buy my plane ticket and car, apartment... you know expensive transaction with Bitcoin.
I get the satoshis thing, but I would like to have an alternative , in this case it is called LTC
I get the satoshis thing, but I would like to have an alternative , in this case it is called LTC
Litecoin market cap just breached $100 million. It was about $37 million on October 22nd. Thats what, 2 weeks ago? Like it or not, supply and demand is what drives markets and $100 million market cap means the demand is real and that demand is building.
Nice graph (bookmarked). I still don't believe LTC has enough advancement improvement to overcome BTC network effect but the graph does illustrate at least for the time being LTC is in a different category than the rest of the alt-coins.
Actually you could put it as 4 categories.
I) BTC
II) LTC
III) PPC, NVC, NMC, Worldcoin, Feathercoin.
IV) The hopeless pointless masses.
Actually you could put it as 4 categories.
I) BTC
II) LTC
III) PPC, NVC, NMC, Worldcoin, Feathercoin.
IV) The hopeless pointless masses.
Total trading volume has nothing to do with currency usefulness.
so litecoin does the same job that bitcoin does but faster, the same as my Visa card and Master card and the same as BMW and Mercedes....... got the point ?
Edit: and yea trading volume has a big influence on price, if not is the most important thing, this means that people trust that coin and believe in it, and this is all what matters, if there weren't me and you and users around this board who believed on BItcoin , bitcoin would be worth 0$
https://bitcointalksearch.org/topic/2013-10-16-chinese-internet-giant-baidu-now-accepts-bitcoin-311361
http://www.alexa.com/siteinfo/baidu.com <--- rank in China 1, global rank 5 (do you have any idea how big is that?)
http://www.alexa.com/siteinfo/baidu.com <--- rank in China 1, global rank 5 (do you have any idea how big is that?)
I will explain to you how this market works, there is something called adoption, what happened there is adoption and it has nothing to do directly with the price.
now the price of BTC went up because of a simple reason, demand higher than supply, maybe big investors have more confidence.... you have to know that this market is under the influence of speculation, the same works with LTC, you know that LTC is traded in big volumes I mean really big volumes and as you mentioned china, LTC is already in 3 of the bigest Chinese exchanges.
when they say LTC is next to BTC, they mean something , people just don't talk out of thin air, do your research, look at these bubbles you may understand what I am talking about http://www.cryptocoincharts.info/v2/coins/graphicalComparison
I will save you some clicks :
... so without major price manipulation by BTC-e and some whales LTC would be way bellow 0.01 ...
Sounds like you have a magic formula. Care to enlighten us?
If BTC price goes up 50% but nothing happens with LTC (demand and supply remain constant) than LTC/BTC must go 50% down. There are
more than few reasons we can point at for recent BTC price increase but can you point at one reason why LTC price should follow BTC trend?
I can't. LTC on Gox and similar craps do not hold watter anymore. It is all about speculation of the known LTC players, as many times before.
so why BTC went up, care to point one reason ....
... so without major price manipulation by BTC-e and some whales LTC would be way bellow 0.01 ...
Sounds like you have a magic formula. Care to enlighten us?
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