Topic: Litecoin Is NOT Dead (It Is Just Dying A Slow Death) - page 20. (Read 28336 times)

You must have edited this in, or I missed it.

Popular coins probably can handle it. That gocoin thingy that supports ltc and gift card purchases, for instance, also accept dogecoin. And I believe they have nxt planned soon too.

So you are right in the sense that no, not every alt will be accepted. But it will be more than just ltc. It already is.

I think since bitcoin is the one crypto that the general public has heard of, if it falls apart in a dump, that there really won't be a safe haven in any crypto at all. For other cryptos to survive if btc dies, I think their overall acceptance will have to be much greater than it currently is. To the general public, they have heard of btc... and, umm.. .maybe that funny looking coin they saw in a nascar race.

But even I'm wrong here, and ltc would thrive if btc got dumped to smithereens, I wouldn't say that's a good reason to invest in ltc. That means you are placing a bet that btc will get knocked not only from the #1 spot, but get killed in a dump. Yeah, sure, it could happen ... but I wouldn't want to bet that it will happen.

I'm not sure I buy that argument. Bitcoin has had many crossroads where consumer confidence was shaken in it and it recovered because people were made aware that it was not a weakness in the protocol or software, but something external. It might be crippling to Bitcoin to have Satoshi knock the price into the dirt by selling off his hoard, but I don't think it means the end of digital currency...it's a technology whose time has come. Just because the stock market has suffered numerous crashes and people have lost a lot of money in it, that hasn't stopped the stock market from continuing to march forward.

I just think anyone who is in crypto in a serious way needs to really look at the fact that Satoshi HAS such a hoard...and to me, Litecoin is the alternative.

As for multi-coin payment processors...the number of coins they accept will be limited by liquidity and almost no other cryptos have sufficient liquidity to support significant commerce.

I'm not entirely sure people are saying that. Bitcoin has its spot due to being first... if it came out today, I expect it'd get passed over for a lack of innovation.

As for widespread adoption, again, multi coin processors probably will handle that in the end. Which means it's a level playing field for all popular coins. And if we all had to be perfectly honest here, one of the reasons btc rose like it did was due to somewhat shady transactions, so I wouldn't rule out anon coins based on that fact alone.

As for the idea that ltc is safer than btc, due to the risk of a dump -- I'd argue that if btc crashes due to Satoshi dumping, that he takes everyone with him. That means ltc, alts, crypto in general. If btc dies, ltc and friends go too. Consumer confidence in cryptos would be gone forever.

Can't afford tesla.  Only place near me taking BTC are tattoo parlours and cannabis shops.

Still very early in cryptos..  only $10 billion versus dot.com which was $7 trillion years ago.  LTC or any alt could replace BTC with ease.

I love how people say Litecoin has a "lack of innovation" and then in the same breath would hail Bitcoin for its innovation. They deride Litecoin for not being accepted very many places, where a year ago Bitcoin could barely be spent anywhere, either.

Are gimmicks what we really want in a coin? Or do we want security, liquidity, adoption and dependability? Because the market is FLOODED with gimmicks that only end up serving as a story for pumpers & dumpers to sell people on, jacking up the price until it gets annihilated by the whales who pumped it. All you need is a good story. Auroracoin had a good story and it attracted the idealists in droves. People were claiming it was going to overtake Bitcoin, when it temporarily exceeded Litecoin's market cap. Then it got slapped into the dirt...as predicted. Right now, the new "story" coin is Darkcoin. Unfortunately, its innovation is something that will prevent it from ever seeing widespread adoption and the fact is, the segment of the population it SHOULD attract - the TOR underground - has no interest in it. So the support is not there for its current price; hence, it's a pump waiting to be dumped.

Litecoin, right now, is almost exactly where Bitcoin was at the beginning of 2013 when the first ASIC hardware started shipping for it. It was at about $14 to start 2013. The only real difference is, Litecoin isn't being used to conduct black market business on TOR. But the fact that we're about to see hundreds of millions of dollars poured into dedicated ASIC hardware infrastructure for Litecoin tells me that it isn't "dying a slow death," but has been given a substantial vote of confidence...one which can potentially attract the kind of attention to it in terms of business development and venture capital in 2015 and beyond, that Bitcoin has begun enjoying this year.

All other digital currencies are fighting for table scraps, right now...and it's going to take more than just gimmicks to change that.

Honestly, haven't we seen Bitcoin declared dead enough times to know better than to do this with Litecoin? Don't be distracted by the fact that there are 200+ altcoins out there scrambling for attention...it hasn't changed Litecoin's position in the market, at all.

Sometimes I think people mistakenly judge a coin's success by how vocal or active the social media "communities" in support of them are...and that's a fallacy. Personally, I care where the money is going...and the money is going into Litecoin, right now.

As ever, for me, the motivation to be in Litecoin 50/50 with Bitcoin is simple...Charles Lee and Warren Togami are public figures who aren't sitting on a million inactive coin that they could potentially demolish the market with on a whim. Nobody really knows who Satoshi is, but he's an eccentric recluse who's got a million Bitcoin to his name and if he decided to end his experiment, he easily could destroy every bit of confidence anyone has in Bitcoin by dumping it all at once. This, to me, is Bitcoin's biggest weakness.

If got a few Moneros too, but a different code base also gets a whole lot of new problems. Still have fast majority in sound, proven, thoroughly vetted coins.

I used to be fairly into LTC, but over time have been shifting all my LTC into a 2nd gen coin at first it was just to diversify my holdings just in case a Bitcoin flaw was found so looked at one with a different code base. But as time has gone on I've come to similar conclusions as you, so have moved the whole lot to the coin I see as the most innovative with quickest development.

Well, with the multi coin processor stuff, I expect ltc to be accepted at the same number of places as any other coin. So that's a plus in the sense that ltc then will be usable almost anywhere cryptos are... but so will every other crypto (or popular ones) too. It levels the playing field.

I agree, Litecoin has a severe lack of innovation and that will be it's undoing. It's not really accepted at much stores and it doesnt have widespread adoptance. Only a matter of time when Litecoin gets taken over.

Interesting read. Litecoin is actually the coin I first read about that got me interested in cryptos back in Jan (read some article somewhere on it). Before then, I had no idea that alt coins even existed and a very rudimentary knowledge of bitcoin. I thought I'd play around with this crypto stuff and maybe I could get a free litecoin out of it, just for fun.

I never bothered really going past that 1 ltc (and have since sold it) and now have a small chunk of btc instead (and various alts). The problem I saw, and still see, is a lack of innovation and the fact that there really is no reason for the value of ltc to rise a whole lot anymore.

I think the OP touched on one really important fact, multi coin processors for purchases. They already exist, and I think they will become the standard if cryptos make any headway into being used as a currency by the general public at all. And that means there will be no difference between ltc, doge, nxt, or whatevercoin, when ConsumerX decides to use crypto to buy something.

The only coins then that could stand out a bit are those that have unique features (nxt flavors, ethereum, maidsafe, anon coins, etc). And I'm not saying any of them will even take the #2 spot, but that #2-#6 spot may end up being somewhat bunched up close to one another.

Litecoin is losing on the marketing end now against all the new alt coins.

OP: Good posting, summarizing LTCs biggest problems in an well written FUD free article. As you are only stating facts, obvious me and many others share your thoughts.

After you and other serious investors came to the decision that LTC is the best Altcoin choice to invest. Then please tell us, what percentage of LTC holdings (out of all crypto coin holdings) you advise for regular people. And please  justify your number.
(Bonus question: if differs, what % of LTC should serious investors hold)

Next question: You talk about serious investing, then I have to ask you: dont you see the big problems in LTCs project and community management & its general very slow ecosystem development?
IMHO this must/should worry serious LTC investors.

You are a little man darkota.  I know your kind.  Weaselly, sniveling, conniving pathetic worm.  You deleted my post just because you cannot refute it.  Coward.  Try to delete it now, little man.

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« Sent to: Forceflow on: June 22, 2014, 12:35:55 PM »
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Quote from: percocet on June 21, 2014, 08:09:02 PM
I agree, Litecoin is pretty much dead.

The future will be BTC and second gen coins such as NXT, NEM, Etherium, etc.

The inflammatory thread topic probably indicates the seriousness of this discussion but I'll try anyways. 

You are a voice, but the market drowns out your shrill voice.  Litecoin is 2nd in marketcap and no coin is threatening that.  Money is the loudest form of speech in modern society.  As the saying goes, put your money where your mouth is.

The coins you mention will have to excel for years and by then Litecoin will have used its superior market position, dev team, (relatively) long lineage, and superior infrastructure to continue on its path to being a mature, trusted, and best alternative to bitcoin. If Litecoin were to do anything, it would debunk bitcoin because litecoin has some advantages over bitcoin -- namely faster transaction time, lower entry point in value (people like owning whole things, not fractions), and a non-shadowy creator. Having some proud of creating the currency is better than someone afraid to identify themself. 

The coins you mention are all ephemeral and, frankly, inaccessible to most.  That is a bad recipe for true lasting success.  It won't be broadly based and therefore it can't dethrone litecoin.  People are so short sighted in this but even bitcoin took a dip as ASICs came out for SHA-256.  Litecoin is just going through the same growing pains. Its folly to read too much into that when all of the other numbers indicate long term sustained success.  Just my 2 satoshis.
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However, with a technology so new and relatively "fragile," even one significant security flaw will implicitly mean death. Think about it, when was the last time you've heard of the central system of a bank or brokerage being broken in to? By this I mean, someone directly siphoning funds from the internal system, not someone doing an XSS exploit and retrieving user information; the later is akin to someone getting their PC hacked which happens quite regularly in the crypto-currency realm.


Although I can see where you are going with this, it's akin to saying a scripted language or specific productivity program becoming obsolete. Despite there being many choices, the big guns have by and large stood fast (major adoption or transitions between programming languages rarely happens, and although there have got to be at least 5 alternatives to MS Office, MS Office is by and far the kingpin despite spending years between significant enhancements even during this time of swift pace).

That said, I know full well that saying this frankly more to Bitcoin than to Litecoin; and appealing to the "longevity" of Litecoin is a mummer's farce. But it is also indicative of the "trust" that more and more places are placing into a select few crypto-currencies.


This is very true; with the way technology in the crypto-currency scene has evolved, we are heading to a point where a swath of coins will be easily available for processing. The problem is the relative volatility which will either hinder user's acceptance in dealing with certain coins or with the payment processor's risk.

Although it is "silly" to focus only on SHA-256 and sCrypt, they have leaps and bounds more security analysis than many of the newer coins that just pastes a bunch of other algorithms with significantly less security vetting. In either case, an invested network is harder to bring down, but it isn't impossible (after all, parts of the crypto-currency scene reminds me of the .com bubble in the early 2000's).

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I'll be honest, your assessment on a lot of the other points are quite fair and well-reasoned. I actually see the volume of LTC actually being too high for comfort at times. And just like the BTC Association, does anyone particularly care about Litecoin's? Finally, the only plus side I see with the faster confirmation times is that it aligns with LTC's vision of being the transactor to Bitcoin's slower times; but on that point, there are a plethora of other coins that can take that place.

Nonetheless, with the investment and security built and developed in LTC, I more think it's on a medium-term decline rather than on it's death bed. Over a year and a half ago, there was a much bleaker prospectus for Litecoin with significantly less development and infrastructure; combining everything, I don't see Litecoin on it's way out. If anything, LTC grew much too fast during the November rally and things are just evening out.

nice, but that doesn't answer the question.

in order for mass adoption to occur, litecoin needs to be more than a way to launder bitcoin.  the volume you're showing off doesn't address the issue of recognition: only that litecoin has volume because it's used to scrypt-proxy mine bitcoins.  

in regards to the general public's awareness of cryptocurrencies, few people outside this community know what the fuck a litecoin is.  i think more people recognize dogecoin than litecoin. 

litecoin needs to have mass recognition long before it achieves mass adoption, but nobody has shown this problem is being addressed.

It may reduce in marketcap but it is not dying

Myspace, microsoft, dell etc are not dead

Prevoius altcoins have tried cutting into the market with new features and failed

Until an altcoin can show a proven infrastructure, litecoins marketcap will remain strong

The same can be said about btc, an altcoin with great new features and a strong infrastructure can outdo btc in market size but i do not think it will cause the death of btc

Interesting read, as someone who has never owned LTC, I appreciate a view point from someone who has been a part of the  LTC community for a long time.  Personally I never invested in LTC because I viewed it as purely speculative, so why not just buy BTC.  I don't believe LTC owners are passionate about LTC as a true alternative to BTC (my opinion), they were just buying because they thought it would increase in value and they could sell it for a profit.   

My advice for investment, don't buy a coin if you are immediately thinking about an exit strategy.  Buy a coin because you can actually use it as intended (as a currency or whatever).  When BTC was at $2, I would only purchased it because I wanted to buy something that only accepted BTC  , that was a sign that BTC was incredibly undervalued, but I didn't see it at the time.

Nxt has no paid sockpupets lol we use our funds for projects. Like it or not nxt is getting closer everyday to 2nd spot. Let the old dog ltc die a peaceful death and let innovation and new technology come through. Dont be a bag holder and face it pow is not the way forward.

Not necessary. Let it work on you when reading it.