Topic: Litecoin from 11/1/17 to 5/1/18. What I'm betting on Price/Diff/Accumulation. (Read 463 times)

Yeah ..again my premise...if BTC sticks at say over 6k to 7k or even as low as 5k....and LTC does not pump to at least $100 bucks (pessimistic) I have some doubts

about hardware asic mining of any flavor be it sha-256/scrypt-pow/or x11 ..at least at a level we small guys can buy and afford to run such equip at a profit

Historically, with BTC between 6K and 7k ...pessimistically we should be at least at 150 usd LTC if not 300 usd LTC

Thus my bet....440 to go to hit 1,000 LTC and holding on the above bet.....

I have an OK hoard of BTC so can't see putting all my current mining into that for a 30% to 40% correction like BTC has done in the past...it will come back but likely

outside of my (pessimistic) may 1st 2018 mining deadline to accumulate LTC

this my next hoard bet ( I also have other alts)

just looking at my best use of the next 6 months of mining and the assumption that bitmain will make all my scrypt pow by that time ...space heaters

thus my bet

others w/o other resources or hoards in cypto take this with a grain of salt

the safest mining now of any asic flavor imho due to price/difficulty/etc imho is

ATTIC MINING ...

1) clean out attic sell all junk on eBay...(in my case would be 5k of crap easy..)

2) put in BTC or other crypto and HODL

3) add floor in my case to attic and capet (2k) and paint etc pool table bar etc

4)Attic is now added rec room to house...value of house goes up 10k due to empty attic

5) all crypto tanks to tulips from your attic mining ...you still doubled your money

but really, it is a boring way to get $$$ you don't need to dump into crypto...what I would do BEFORE guessing on any home miners at this point

especially if you are at my 12c kWh rate...it just don't cut it anymore at that elec rate

and again, take my LTC bet with caution..I have mining and $$$ I can afford to lose on such a bet on this thread's premise...so be aware stacked deck

in my favor on this bet.....won't hurt *much* if I'm wrong

SORRY OP FOR GOING A BIT OFFTOPIC

To get some perspective read   https://www.reddit.com/r/ethereumfraud/
https://www.reddit.com/r/ethereumfraud/comments/6bgvqv/faq_what_exactly_is_the_fraud_in_ethereum/
https://bitcointalksearch.org/topic/eth-ethereum-scam-707237

You will not find such topics about coins like BTC or LTC.
Yes ETH has a huge marketcap where everybody hides behind. So Did Enron. ETH is not bitconnect level scam, but it is far from a Saint.
 

I am new to all these, but you are the first person I am reading calling it ETH scam. Being little offtopic, so there is no room for other altcoins (since they are not even coing) for holding strategies ?

What does Pepsi offer over Coca Cola or Silver over Gold?  They are all the same but not that different. They are however a great hedge against each other. LTC  brings a certain Stability since 2011 and currently is the BTC without the drama forking.

ETH is a premined scam, useless apps, Supersized blockchain with beta software , (member the hardfork...member?). It is not even a coin.
Ethereum reminds me of a silver plated coin with color palettes, inserted with zirconia and a usb + wifi connection .
I dont want that I just want my Pure  Silver 1 OZ


Yes LTC all the way!

The old analogy that LTC is silver to BTCs' gold is flawed. As it stands now LTC offers nothing that BTC can't. It's a wonder the price remains where it is, probably because of the huge accumulation in a few wallets.

If you're going for alts, go for something that offers improvement or at least differentiation from BTC. Something that servers a different function, like ETH would be a good place to start.

Yeah...I agree if what I state is true it probably will apply to all cryptos....

2 points

1) I just would like 1,000 LTC again before I mine my miners into doorstops by say May 1st 2018 (again worst case senario they should last longer), because at one time I'd mined
16,000 LTC and of course converted to BTC like 99.99999% of everyone else back in the day

2) LTC also at least historically ....eventually rises when BTC does ..though slow and maybe even weeks later...on the other hand BTC dumps say 1/3 and LTC basically loses little
in variation to other alts (at least historically) so it kinda acts like a savings bond...don't fly up fast ..but does not dump hard like some other cryptos when btc chokes and dumps
again...historically speaking

so anyway, I have a btc hoard ...so as a hedge this is what I'm gonna work with from the miner point of view..I also have a few POS coins and some other stuff...not a lot.but
some diversification

anyway, some of my reasons as you can see from above are simply NOSTALGIC .....lol

Honestly if you look at most of the larger known crypto's right now and the move over the last year you could say the same thing.  You could just as easily have used Dash for this example and come to a similar conclusion. 

It is really is a case of the rising tide for crypto as a whole has lifted everyone.  I don't think we can use this unusual period over the last year as a way to guess what is going to happen because there really isn't any rhyme or reason that actually is useful for analyzing where this goes.

I think if you park money in cryptos and even spread it around a little to hedge your bets then the long term probably looks pretty good.  I just need to get out of this habit of chasing the markets and follow your advice of saving more.  So I am trying to start straddling more and set aside some to save and still trying to grow my mining operations. 

It is a difficult balance, but looking at the past year if I had held what I had invested or mined I would have been far better off than I am today as far as holdings are concerned vs what I have accomplished by recycling my earnings into more mining.  So when I look at it from that perspective I realize there is a lot of truth to what your talking about here in this post.  So I am trying to adjust my strategy now to reflect more holding.

I'll double check ..otherwise just click on your item above in poll...

I reset it and double checked...it should work? Others?

Be sure to post your replies to this thread..it is not like I might not be full of it on this assumption with LTC

How to vote?

(saved for further info as time goes on in this thread..success/failure/wtf etc...)

my strategy...ie I've mined LTC since Nov 2014...I currently have like 7500mh of scrypt pow miners on prohashing paying out in LTC.

Lifetime I made about 15,000 LTC.

Like 99.99999% of everyone back in the day of easy diff and LTC I xfered most of it to BTC and/or expences/elec/equip

thus LTC has not failed me...I failed LTC...

to be fair, it would have been quite the long shot bet on keeping all the LTC and having faith it would pump from 1.80 in 2015 and 4.15 this year to over $50....but there you have it

thus my strategy on BTC civil war/forsks is as follows....I assume (after expenses..knc titans going doorstop out of my hash, elec/rent/etc) that I may manage to get to 1,000 LTC again say by May 1st 2018 with current difficulty climbs. (this is pessmistic view...likely would get more)

IF BTC continues to be at say 6-7k or above....I find it hard to believe LTC will not be at least $100 to $150 (again pessimstic) and/or $300 or more...

IF BTC dumps with a so called NORMAL correction of 30% in price from say 6K .to 4K.than I also would see LTC acting in its historical manner and being $100 to $150 pessimistic....and/or $300 or so....

IF LTC does NOT pump above $100 bucks in the difficulty cycle above from now till say May 1st 2018.with either of the above.....than that means a BTC fork like Bitcoin Cash/and or other BTC forks have basically killed off scrypt pow alt coins and mining and thus
LTC and other ALTS of any flavor are toast anyway...they have been replaced in adoption and use....and ALTS have faded......add pow scrypt difficulty to this and all mining of pow scrypt will die and we will go pow scrypt mining wise to the alt coin graveyard.....the gap in value would be too much ....alts would be dust coin in comparison to bitcoin forks in value and use....anyway all other alts would go tthe way of x11 mining...vs price and difficutly...exactly no where...

(anyone remember scrypt-N?)

So anyway, that is my bet....run my scrypt pow out and save as much LTC as possible...and I can save it ALL w/o tax up to $40k in a solo 401k as my crypto is a home biz.....and or other stuff like elec/equip/rent also can be taken off of gross income mining....Ideally, I can come away next year with 1,000 clear LTC after expenses taxes etc..and see...

As I say "hopefully'?

I have BTC also ...so if it pumps to $10k so at that price you'd surely think that LTC would be ..what...$300 bucks or so?
Surely, $100 to $150 is not too far to hope? $300 even looks do'able...

Anyway, that is my bet to run my scrypt pow on a pessimistic frame of mind with difficulty..no matter the price that will not change and you will get diminishing returns of actual LTC..thus the bet....with coin per day/month made mining LTC
dimishing .this is my run to the goal line...

Again, if BTC pumps ... a person should be OK...if BTC dumps....a person should be OK.....holding LTC....(if the past
is any indication)

You all can come back and beat me up on this post around May 1st 2018......but that is my bet on this from again
a pessimistic view and expectations on price and return and of course Bitmain continuing to dominate 90% of all asic markets being scrypt-pow/sha-256/or x11 into 2018 as a monoply.....and pumping crap out like toasters till my May 1st 2018 guess....destroying difficulty of any ASIC miner flavor above...

(who knows...I have a strategy..it is all about 'ego protection' ..thus my plan)

Later

Searing

Note: previously posted on www.litecointalk.io

Please consider taking the poll on this thread also.

Please also post your strategies on any method you may be using from now to May 1st 2018....we all might learn something outside of our niche....