Topic: Litecoin Is NOT Dead (It Is Just Dying A Slow Death) - page 11. (Read 28336 times)

I wished I had a BTC for everytime I hear "X"coin was dead!

Back in December 2011 when BTC fell to right below $2.00 each after hitting the all time high of $36.00 the previous June, all the experts called it dead, very much in the same way those same experts are calling LTC dead.


~BCX~

I wished I had a BTC for everytime I hear "X"coin was dead!

Back in December 2011 when BTC fell to right below $2.00 each after hitting the all time high of $36.00 the previous June, all the experts called it dead, very much in the same way those same experts are calling LTC dead.


~BCX~

My "exit" strategy is to hold long. A very large majority of the LTC I have was acquired when they were worth pennies each, so like a few other long timers here even $2.00 it still represents a huge profit.

The way I look at it is, if I acquired or mined LTC when it was only bringing in $2.50 for a whole block back then and if LTC drops to $2.00 today it is still worth $100 a block, I'm still in the profit at $97.50 a block.

But considering it is worth about $450 per block at the moment, I'm still up an average of $447 per block and I can assure you I still has me a "few" blocks LOL

Strategy is very long, I'm not selling. It will comeback.


~BCX~

@Darkota


I don't know if you're just trolling or being serious but I will pretend it is the latter.

Why is it so hard to believe that anyone would buy LTC at $0.005 and still have them today? Some of us here are serious investors/miners and understand that shaky hands don't make great traders.

I started mining LTC from Block 1 on the day it launched with a fairly large herd since it was originally a cpu only coin. I was able to get a hold of the early scrypt gpu miner and continued to mine steady with a large (at the time) gpu farm for over a year. I mined on and off for the next year or so after that. All of this is documented across several sub forums here since late 2011 if you want to dig it up.

All in all the only LTC I have ever traded was for other alts on Cryptsy and that has been for less than 20,000 LTC over the past 13 months. I never sold at $2.00, $10.00 or $50.00 and still hold a very large amount.

I realize you're in an "Alt currency drama" at the moment but Smoothie has a rock solid history of being an avid LTC trader and investor with a 3 year history here.


Litecoin very well may be in a slump and that much I agree on, but it ain't nowhere near dead.



~BCX~



PS Here's a post in 2011 where I bought 5000 LTC for 1 BTC which was about $16.00 at the time.  Also if you will dig, you will find that Smoothie sold a video card for 25,000 LTC some where back when LTC was considered worthless.

https://bitcointalksearch.org/topic/ann-litecoin-a-lite-version-of-bitcoin-launched-47417

You're just repeatedly picking at my words Smoothie. There is literally nothing I can say to you that you won't have some sort of trollish or mean spirited response for, so I am over it.

You're going back on ignore, I will continue this conversation with the more level headed Litecoin community members such as Coblee and TheMage.

Wanna bet that Litecoin (LTC) will be $2 each or less within 6 months?

We would use the BTC-e price to determine the outcome of this bet.

I'll do an escrowed bet for 2 BTC. Saltyspitton can be our escrow.

To be clear should the price of LTC stay at $2.00 or less for a 48 hour period anytime in the next 6 months you automatically win, otherwise I win.

Bet would end 6 months from now or if the price goes at or below $2.00 and stay there for a continuous 48 hour period.

December 24th 2014 is 6 months from now ...xmas eve.  If you accept this it would be an awesome x-mas present. lol

Chicken?
Put up or shut up.

I'm glad you showed up Coblee, you are much more level headed than Smoothie can ever wish to be. Honestly, most of this thread has been Smoothie and I insulting each other. To learn more about my thought process on Litecoin, I direct you to the OP which you seem to have already read and the following posts:

https://bitcointalksearch.org/topic/m.7476982
https://bitcointalksearch.org/topic/m.7477592
https://bitcointalksearch.org/topic/m.7498464

Thanks for explaining your side of the story, and I have no reason to believe that is not true as you have always been straightforward with everyone. However, that was only a small factor in my reasoning. I would love to hear what you have to say about some of the issues I brought up in the OP and in the above posts. Smoothie is just ignoring those posts and insulting me, and I have a feeling that you can take constructive criticism like a man, which is basically what this thread is meant to be.

I haven't had time to read this whole thread yet. I did skim the first post and would like to quickly address some points.

CoinHoarder, I'm sorry that you felt that I somehow had something against you. There's no club that you aren't part of. Likely, the reason was that since I supported you in person, I didn't see the need to post a reply to your thread. When you decided to stop doing your coin, I think I posted saying that's unfortunate. I don't check the litecoin forum as much as I should, so I must have missed your other posts. Coinographic's post caught my eyes recently, so that's why I posted. I'm not more excited about his coin than smoothie's coin or your coin. In the end, people shouldn't care whether or not they get my support or not. This is a community after all.

As for me not appearing that much for a while, I was busy with real life. I had Greedy help me with a lot of stuff. Turned out, that trust was not well placed. So I had to come back and be more active and try to clean up the mess. And this too should not matter that much. Do you judge Litecoin based on whether or not I'm still active? How about Satoshi and Bitcoin?

Again, you are living in the past. Litecoin only very recently started dying in my opinion, I even gave it a 1 to 2 year lifespan. Things change, people change, cryptos change.

Litecoin is so boring now, and you are in denial.

Actually, I have. I told you to use the word irrelevant instead of dying. You are just picking at my words.

Smoothie, you don't know the truth because I haven't told you. I know how you are trying to ruin me, so I'd rather not give you more ammunition.

You are just mad that I have a point in my arguments against Litecoin.  

See, I can use smileys too in a trollish nature.

Hi again CH,

I saw your reply to mine, i'm sorry i havent addressed it yet. I'm a little tired/drunk at the moment so ill read it and reply either tomorrow or the next day . I skipped a lot of you and smoothie back and fourth (I'm sure you two can understand haha). Depending on how bored I am tomorrow, I might even go and read yours two back and fourth lol.


Hi Coblee, you owe me an answer btw (you should know what I mean lol). 

I haven't had time to read this whole thread yet. I did skim the first post and would like to quickly address some points.

CoinHoarder, I'm sorry that you felt that I somehow had something against you. There's no club that you aren't part of. Likely, the reason was that since I supported you in person, I didn't see the need to post a reply to your thread. When you decided to stop doing your coin, I think I posted saying that's unfortunate. I don't check the litecoin forum as much as I should, so I must have missed your other posts. Coinographic's post caught my eyes recently, so that's why I posted. I'm not more excited about his coin than smoothie's coin or your coin. In the end, people shouldn't care whether or not they get my support or not. This is a community after all.

As for me not appearing that much for a while, I was busy with real life. I had Greedy help me with a lot of stuff. Turned out, that trust was not well placed. So I had to come back and be more active and try to clean up the mess. And this too should not matter that much. Do you judge Litecoin based on whether or not I'm still active? How about Satoshi and Bitcoin?

Smoothie's cumulative definition of the word "dying" in reference to LTC:

Less people are talking about litecoin than 2 years ago.

Merchants are moving away from accepting it.

An extended period of time has passed (~2 years) without anything new happening in the community/news/merchants/development/price.

Less people are using Litecoin than two years ago.

Less miners are mining Litecoin than two years ago.

....I can probably come up with more but I'll stop there.

Yes we been over this, insulting you is telling you the hard truth that you perceive as insulting. But not necessarily was it meant that way, merely pointing out more bullshit of yours.

I've already address your 100th time comment.

Define "dying" lol...which you haven't done yet.