Topic: litecoin dead ? - page 35. (Read 49337 times)

I don't think anything technical  can justify bitcoins price over the other coins. It is just demand/exposure and supply. When there is some demand and a little less supply for the alt coins then perhaps they will rise.  I think too many alts were made also making them seem pretty worthless with no real use of them. Some will survive and go on to have huge price spikes... but which ones is big question.  I still think bitcoin is totally over valued right now and some people will get burned hard in the near future.

uhh, way more than that. bitcoin is worlds apart in terms of exposure. no major exchange (Gox/Stamp) even trades LTC, nothing in the Chinese realm, never heard any major news related to it. so..... way off.

and yeah, LTC is dead. confirmed.

Hah yeah, litecoin is a fail because a couple of thousand less people have heard about it than bitcoin

Okay, so we are in agreement, then? Litecoin is, in fact, dead? Excellent, now I can avert disaster and pull my bid orders for when it fell to < $1.... thanks for the heads up, all! 

You can talk all you want about Litecoin isn't different enough, for some it clearly is. Your opinion doesn't make it a fact, my opinion is completely the opposite and for me Litecoin has enough differences to support it. And as the number 2 cryptocurrency with a marketcap of $ 43,062,060, I'm clearly not the only one.

Your argument is also pretty flawed, lots of people use Chromium and Iceweasel.  

you right, but the point i was trying to make is that at a 30 minute confirmation is hard to use BTC. For example, some hotels in europe are accepting BTC. Do you allow the guest to the room or you force him to wait 30 minutes in the lobby? Lets say a  restaurant, are you going to force the customer to wait 30 minutes until you allow him to leave the facility? As I said, until a central processor that takes the risk is created there's no way BTC can be used as a currency except on the internet where's there's already a delay. On the other end BTC can be used as a crypto gold and that's the way it's being used today.

But how much hashrate these super fast altcoins have ? You need to wait for many confirmations, and even after 30 minutes your not safe if some big hashing network join in, do 51 % attack and invalidate last hour mined blocks. I seen it with some altcoins already...

you think BTC is not a joke LMAO. 99.99% of this planet have not heard of it. And you know why? Because they are not geeks. Some people has been hiding money and others speculating in Bitcoins and that's why BTC is trading at $185. Who wants to wait 30 minutes for confirmation to use it as a currency? On the other end some ALT have confirmations in seconds making them possible to use as a everyday currency, not as a store of value like BTC is now. BTC is only viable as a currency  when a central processor like in credit cards guarantees the transaction on the spot, for a fee of curse. Until then my friend, any BTC or ALT over $.000000 is pure speculation

+1

Still remember all the "Bitcoin is dead" threads, Litecoin follows pretty much the same path as Bitcoin with a 2 year delay. 

just to remind you, that was your answer to if the Litecoin is dead. good night it make no sense arguing with you if you cant use common sense and you cant base any statement on facts

Ok, that's a fair position to take, and it's defensible to a degree (there aren't as many merchants accepting LTC as there are for BTC, etc), but IIRC the "it's useless" argument is one commonly used against Bitcoin. And as far as LTC goes, it's really not useless since there are individuals and merchants who readily accept it, and like Bitcoin, it can be used to transfer money across borders without government intervention. I feel like I'm preaching to the choir here though, and you already know this... but if that's the case, how can you argue that it's useless? It may not have the widespread acceptance that Bitcoin has (ha, I just used "widespread acceptance" and "Bitcoin" in the same sentence), but that should be suffixed with a "yet" somewhere toward the end.

It could apply to any coin, I wont include coins that have checkpoints which can be shutdown any time their developers decided to/or be forced to do it, any premined coins has to be excluded because this is the pure definition of a ponzi scheme, a coin which has asmall network hash rate that can be compromised has to be excluded as well.....

which leaves us with 3 coins BTC/LTC/NMC, would you think that gox are stupid to decide for these 2 alts ? and don't give me the gox is shit thing, because if it wasn't gox bitcoin would never come to what it is at today, despite the problems that they are having and shitty support and.... gox took one for the team and they have some credibility.

Litecoin needs only one step forward to get to mainstream and to get more adoption which will lead to more services, and this is a big exchange as gox or bitstamp adding it, then payment processor can be made and merchants can easily accept it as a payment method, and actually there is a payment processor that is almost done all we need is a big exchange..  

EXACTLY -- it doesn't! Now I think you're getting it Just because a line on a chart goes a certain direction over a period of time does NOT mean it's dead.

Yeah, it's telling that you're not as knowledgeable about Bitcoin history as your reg date would imply. Do you honestly not remember all the "Bitcoin is dead!" talk that when on during this time period:

When btc was 5 cents everyond thought it was dead. Then $6....

This time to $30?

Wait... Now I can't tell if you're being serious or not  

now really you are just talking no sense, you didn't provide any fact to base your statement at, the price of a coin is so important for its success because more important of services around it we have to compare it to fiat to see what purchase value it has, and when it gain more value this means it is gaining success and going mainstream, the price has to go up because there is a limited supply this is...... otherwise it would be the same as Euro or Dollar. I think you do understand that ?

looking to your profile and learning that you are around this community for 2 years makes me wonder of the understanding you have about Bitcoin, satoshi white paper wasn't only about the technical aspect of bitcoin but also about the revolutionary financial freedom it can bring.

when I create a system or a product the only way to judge its successes is the adoption and the volume of its use, this is what I am basing my statements at, the Gox news was a pump for the price that it corrected after few months, LTC was rising before Gox announcement (look at some charts) but it bubbled when gox announced the implementation it went right to $5.9 and it crashed the same time when bitcoin crashed.

for the sake of this argument I will add that I own both of coins BTC/LTC, but in my point of view LTC is undervalued, the same when we speculate about BTC reaching $1000 soon, I will speculate about Litecoin reaching $10, the same rules that apply to Bitcoins apply to Litecoin. ( my point of view if it matters to you)

 there is so much happening around both Bitcoin and Litecoin that you really have to be ignorant to not see it.

GLBSE anybody?

Other than Atlantis (which took both BTC and LTC), what services has LTC lost?

It's not dead. It only stagnate. It could take a while but LTC will strike back.