Litecoin is dying, that's a sad graph.
I'm a long-term BitShares supporter, my hope is BTS will pass LTC with the release of 1.0 in the next 8 weeks.
Then as I don't consider Ripple a decentralised option that should put BitShares as next in line to Bitcoin assuming PayCoin is a flash in the pan.
That will leave POW very lonely in the top 10, that plus Bitcoin's general decline will make everyone suddenly realise Bitcoin is dead for these reasons https://bitcointalksearch.org/topic/bitcoin-vs-bitusd-by-bitshares-907981 and then hopefully BitShares should pass Bitcoin within the year but maybe much faster than that if the penny drops. That's my hope as a BitShares fan anyway.
Topic: Litecoin Is NOT Dead (It Is Just Dying A Slow Death) - page 3. (Read 28336 times)
ALL i see is litecoin have no reason keep alive. It will die at last.
there's plenty of reasons litcoin will survive.
irl i am a daytrader as such you quickly learn in order to be successful you must have no emotional attachment to anything in ur portfolio.
in the alt community too many get suckered into the latest crapcoin, then never let go (too emotionally attached to see reality) tis why they spread fud on the most successful alt.
fud all you like, I stick with litecoin because its the alt with the most backing, the most heavily traded and stood the test of time, so many crapcoins around now if any where any good they'd be lost in the mess anyway.
the more alts created the more litecoin will succeed.
ALL i see is litecoin have no reason keep alive. It will die at last.
Maybe it's a stupid idea and too early to consider, but if Ltc should continue to decline and it arrives to a point without hope of recovery, it could be possible to breath new life into it by migrating the whole coin over the Nxt's Monetary System. Please read: https://bitcointalksearch.org/topic/nxt-monetary-system-launched-now-on-nxt-testnet-896520
The coin could be "imported" over the MS, with the current balances of its users, this way:
1. A future block is agreed upon to serve as point of reference
2. A trusted member uses the MS to create a coin named Litecoin with a number of currency units equal to those existing at the time of the reference block
3. A website is setup where Litecoin users can register a token proving ownership of a Litecoin address and their Nxt address
4. Users receive a number of new Litecoin equal to those in their balance at the time of the reference block
Or this could be done setting up a burning address, and you receive an amount equal to those burned.
The advantages are mainly a way to revive a dying coin and the fact that if the hashrate drops the coin is still secured by Nxt network.
The coin could be "imported" over the MS, with the current balances of its users, this way:
1. A future block is agreed upon to serve as point of reference
2. A trusted member uses the MS to create a coin named Litecoin with a number of currency units equal to those existing at the time of the reference block
3. A website is setup where Litecoin users can register a token proving ownership of a Litecoin address and their Nxt address
4. Users receive a number of new Litecoin equal to those in their balance at the time of the reference block
Or this could be done setting up a burning address, and you receive an amount equal to those burned.
The advantages are mainly a way to revive a dying coin and the fact that if the hashrate drops the coin is still secured by Nxt network.
a dying litecoin, yet it has 20x more daily volume than NXT. you are a genius
btw i bought my first millions of nxt when it was <$0.001.
litecoin is not dying. but you would not understand because your brain is pretty much dead already.
ltc is secured by nothing? you mean all the massive hashrate coming from the sky? ohh ok.. and dogecoin did not start merge mining with litecoin... mmkay.
they both have no real value? same said to bitcoin.
not dying just low price
Litecoin is in use, but it is not clear - Litecoin will be more and more popular or not ? 
Maybe it's a stupid idea and too early to consider, but if Ltc should continue to decline and it arrives to a point without hope of recovery, it could be possible to breath new life into it by migrating the whole coin over the Nxt's Monetary System. Please read: https://bitcointalksearch.org/topic/nxt-monetary-system-launched-now-on-nxt-testnet-896520
The coin could be "imported" over the MS, with the current balances of its users, this way:
1. A future block is agreed upon to serve as point of reference
2. A trusted member uses the MS to create a coin named Litecoin with a number of currency units equal to those existing at the time of the reference block
3. A website is setup where Litecoin users can register a token proving ownership of a Litecoin address and their Nxt address
4. Users receive a number of new Litecoin equal to those in their balance at the time of the reference block
Or this could be done setting up a burning address, and you receive an amount equal to those burned.
The advantages are mainly a way to revive a dying coin and the fact that if the hashrate drops the coin is still secured by Nxt network.
The coin could be "imported" over the MS, with the current balances of its users, this way:
1. A future block is agreed upon to serve as point of reference
2. A trusted member uses the MS to create a coin named Litecoin with a number of currency units equal to those existing at the time of the reference block
3. A website is setup where Litecoin users can register a token proving ownership of a Litecoin address and their Nxt address
4. Users receive a number of new Litecoin equal to those in their balance at the time of the reference block
Or this could be done setting up a burning address, and you receive an amount equal to those burned.
The advantages are mainly a way to revive a dying coin and the fact that if the hashrate drops the coin is still secured by Nxt network.
a dying litecoin, yet it has 20x more daily volume than NXT. you are a genius
btw i bought my first millions of nxt when it was <$0.001.
litecoin is not dying. but you would not understand because your brain is pretty much dead already.
Maybe it's a stupid idea and too early to consider, but if Ltc should continue to decline and it arrives to a point without hope of recovery, it could be possible to breath new life into it by migrating the whole coin over the Nxt's Monetary System. Please read: https://bitcointalksearch.org/topic/nxt-monetary-system-launched-now-on-nxt-testnet-896520
The coin could be "imported" over the MS, with the current balances of its users, this way:
1. A future block is agreed upon to serve as point of reference
2. A trusted member uses the MS to create a coin named Litecoin with a number of currency units equal to those existing at the time of the reference block
3. A website is setup where Litecoin users can register a token proving ownership of a Litecoin address and their Nxt address
4. Users receive a number of new Litecoin equal to those in their balance at the time of the reference block
Or this could be done setting up a burning address, and you receive an amount equal to those burned.
The advantages are mainly a way to revive a dying coin and the fact that if the hashrate drops the coin is still secured by Nxt network.
The coin could be "imported" over the MS, with the current balances of its users, this way:
1. A future block is agreed upon to serve as point of reference
2. A trusted member uses the MS to create a coin named Litecoin with a number of currency units equal to those existing at the time of the reference block
3. A website is setup where Litecoin users can register a token proving ownership of a Litecoin address and their Nxt address
4. Users receive a number of new Litecoin equal to those in their balance at the time of the reference block
Or this could be done setting up a burning address, and you receive an amount equal to those burned.
The advantages are mainly a way to revive a dying coin and the fact that if the hashrate drops the coin is still secured by Nxt network.
a dying litecoin, yet it has 20x more daily volume than NXT. you are a genius
btw i bought my first millions of nxt when it was <$0.001.
litecoin is not dying. but you would not understand because your brain is pretty much dead already.
Maybe it's a stupid idea and too early to consider, but if Ltc should continue to decline and it arrives to a point without hope of recovery, it could be possible to breath new life into it by migrating the whole coin over the Nxt's Monetary System. Please read: https://bitcointalksearch.org/topic/nxt-monetary-system-launched-now-on-nxt-testnet-896520
The coin could be "imported" over the MS, with the current balances of its users, this way:
1. A future block is agreed upon to serve as point of reference
2. A trusted member uses the MS to create a coin named Litecoin with a number of currency units equal to those existing at the time of the reference block
3. A website is setup where Litecoin users can register a token proving ownership of a Litecoin address and their Nxt address
4. Users receive a number of new Litecoin equal to those in their balance at the time of the reference block
Or this could be done setting up a burning address, and you receive an amount equal to those burned.
The advantages are mainly a way to revive a dying coin and the fact that if the hashrate drops the coin is still secured by Nxt network.
The coin could be "imported" over the MS, with the current balances of its users, this way:
1. A future block is agreed upon to serve as point of reference
2. A trusted member uses the MS to create a coin named Litecoin with a number of currency units equal to those existing at the time of the reference block
3. A website is setup where Litecoin users can register a token proving ownership of a Litecoin address and their Nxt address
4. Users receive a number of new Litecoin equal to those in their balance at the time of the reference block
Or this could be done setting up a burning address, and you receive an amount equal to those burned.
The advantages are mainly a way to revive a dying coin and the fact that if the hashrate drops the coin is still secured by Nxt network.
MASSIVE new hashrate coming online. If it wasn't profitable to mine this coin before, it definitely won't be now!
So you see network security as a bad thing and are only in crypto's for the money and not for the cause that Satoshi and other stand for?
MASSIVE new hashrate coming online. If it wasn't profitable to mine this coin before, it definitely won't be now!
...only until the price goes high enough to make mining profitable again
MASSIVE new hashrate coming online. If it wasn't profitable to mine this coin before, it definitely won't be now!
OP is under the impression that markets behave logically. Litecoin is more or less the same as bitcoin, and will probably be bound to it like coke and pepsi. ie... When bitcoin rises people will feel they missed out, and litecoin is what they will get into.
Follow the psychologies, not the logic.
That said, who knows what will happen.
Follow the psychologies, not the logic.
That said, who knows what will happen.
Think of the baghodling sell pressure though... I like the Pepsi to coke analogy though!
OP is under the impression that markets behave logically. Litecoin is more or less the same as bitcoin, and will probably be bound to it like coke and pepsi. ie... When bitcoin rises people will feel they missed out, and litecoin is what they will get into.
Follow the psychologies, not the logic.
That said, who knows what will happen.
Follow the psychologies, not the logic.
That said, who knows what will happen.
It is true,
Litecoin has had one of worst years of Crpyto events ever seen, going from a $400 market cap to a $100 million cap.
It is easy to blame the developers' organisation, but essentially these are just guys who copied Bitcoin and accidentally tapped into a widespread grassroots discontentment the appearance of ASIC devices on the Bitcoin network.
I don't think the developers' organisation actually planned any of this success; it must have been a huge surprise to them that they were involved in an organisation worth nearly $400 million at the end of 2013?
Plenty people blow runaway successes, especially those who didn't expect to become successful. No humble person, in history, has used unexpected successes wisely or for the benefit of their followers (investors). It would have been a surprise, if it had turned out differently for Litecoin.
On the positive side, it is only 8 months 1 day to the next Block Halving, which will do a serious reduction in Litecoin volumes. Volume produced each year will drop from 10512000 coins ($30.5 million dollar at current prices) 5256000 coins ($15.25 million). Clearly, this will really help Litecoin recover from its' terrible 2014.
In terms of Asic miners manufacturers R&D expenditures (customers improvements), the Scrypt alogorithm will see a much lower improvement rate then Bitcoin. The Bitcoin network issues $893 million worth of coins (1BTC=$340) each year. Miners usually pay 50% for equipment and another 25% in electricity (10cent a watt), giving a 25% ROI rate (1 year timeframe). Most miners do not sell their Bitcoins, which obviously from exchange volumes.
This has seen the following improvements in Asic outputs per watt:
0.9w per 1ghs 2013
0.7w per 1ghs 2014
0.51w per 1ghs 2015 Bitcoin S5
WHEN IMPROVEMENTS FROM ASICS STOP, BITCOIN PRICE WILL INCREASE WITH INFLATIONARY AND MONEY PRINTING CYCLES. At this point, it will be a fully functional store of value e.g. "a means of purchasing human manpower or the by-products of human manpower".
Of course, this reduces electricity bill, but in effect it equates in higher network hashrate. Plus the legendary December 2013 bubble has increase miners up the point that mining profits have declined to their long-run average and holding coins is much smarter then selling them.
The Litecoin scrypt algorithm yearly production is only $30.5 million and only $15.25 million of this translate into potential sales for manufacturers. Assuming 20% profit margins on sales will equal $1.525 million. Assuming 10% goes into R&D for improvement in Asics miners, the entire research budget is only $150,000 currently.
At the begining of 2014 this R&D budget would have been $610,000, now it is 25% lower? These financial realities are reflected in manufacturer decisions: Zeus miner has abandoned further R&D on 3rd generation chip for the Scrypt alogorithm.
Therefore, in 2015/2016 Litecoin Asics miners will see smaller increases then the Bitcoin network in profitability e.g. KCN miner make have an extended lifespan.
These imprecise factors incline a prediction that Litecoin will recover 40% of it's pre Asic market position. With Fait currencies, money printing and long inflationary increases still demand an alternative for the smarter elements in the masses to their hedge their currency liabilities into when they cannot afford to buy and store Gold and Sliver. There is Zero storage costs for Bitcoin, Litecoin, Feathercoin and Darkcoin.
This alone, makes it a more attractive place to store money then Gold and Sliver, when investments are under $10,000. It should be noted the storage costs, does imply Gold and Silver has an inflationary cost when it is stored in sub-$10,000 dollars quantities. But, this kind of calculation only works when the quantity of new coins entering the market is very low and adjusted proactively by the developers' organisation, like Darkcoin.
Of course, having a wallet, which freezes whilst updating the blockchain is definitely going to put of new buyers of Litecoin and Litecoin seems to have copied that habit from other crypto-currencies. I just leave my coins on exchanges now, which is not an option for big buyers of Litecoins.
Litecoin has had one of worst years of Crpyto events ever seen, going from a $400 market cap to a $100 million cap.
It is easy to blame the developers' organisation, but essentially these are just guys who copied Bitcoin and accidentally tapped into a widespread grassroots discontentment the appearance of ASIC devices on the Bitcoin network.
I don't think the developers' organisation actually planned any of this success; it must have been a huge surprise to them that they were involved in an organisation worth nearly $400 million at the end of 2013?
Plenty people blow runaway successes, especially those who didn't expect to become successful. No humble person, in history, has used unexpected successes wisely or for the benefit of their followers (investors). It would have been a surprise, if it had turned out differently for Litecoin.
On the positive side, it is only 8 months 1 day to the next Block Halving, which will do a serious reduction in Litecoin volumes. Volume produced each year will drop from 10512000 coins ($30.5 million dollar at current prices) 5256000 coins ($15.25 million). Clearly, this will really help Litecoin recover from its' terrible 2014.
In terms of Asic miners manufacturers R&D expenditures (customers improvements), the Scrypt alogorithm will see a much lower improvement rate then Bitcoin. The Bitcoin network issues $893 million worth of coins (1BTC=$340) each year. Miners usually pay 50% for equipment and another 25% in electricity (10cent a watt), giving a 25% ROI rate (1 year timeframe). Most miners do not sell their Bitcoins, which obviously from exchange volumes.
This has seen the following improvements in Asic outputs per watt:
0.9w per 1ghs 2013
0.7w per 1ghs 2014
0.51w per 1ghs 2015 Bitcoin S5
WHEN IMPROVEMENTS FROM ASICS STOP, BITCOIN PRICE WILL INCREASE WITH INFLATIONARY AND MONEY PRINTING CYCLES. At this point, it will be a fully functional store of value e.g. "a means of purchasing human manpower or the by-products of human manpower".
Of course, this reduces electricity bill, but in effect it equates in higher network hashrate. Plus the legendary December 2013 bubble has increase miners up the point that mining profits have declined to their long-run average and holding coins is much smarter then selling them.
The Litecoin scrypt algorithm yearly production is only $30.5 million and only $15.25 million of this translate into potential sales for manufacturers. Assuming 20% profit margins on sales will equal $1.525 million. Assuming 10% goes into R&D for improvement in Asics miners, the entire research budget is only $150,000 currently.
At the begining of 2014 this R&D budget would have been $610,000, now it is 25% lower? These financial realities are reflected in manufacturer decisions: Zeus miner has abandoned further R&D on 3rd generation chip for the Scrypt alogorithm.
Therefore, in 2015/2016 Litecoin Asics miners will see smaller increases then the Bitcoin network in profitability e.g. KCN miner make have an extended lifespan.
These imprecise factors incline a prediction that Litecoin will recover 40% of it's pre Asic market position. With Fait currencies, money printing and long inflationary increases still demand an alternative for the smarter elements in the masses to their hedge their currency liabilities into when they cannot afford to buy and store Gold and Sliver. There is Zero storage costs for Bitcoin, Litecoin, Feathercoin and Darkcoin.
This alone, makes it a more attractive place to store money then Gold and Sliver, when investments are under $10,000. It should be noted the storage costs, does imply Gold and Silver has an inflationary cost when it is stored in sub-$10,000 dollars quantities. But, this kind of calculation only works when the quantity of new coins entering the market is very low and adjusted proactively by the developers' organisation, like Darkcoin.
Of course, having a wallet, which freezes whilst updating the blockchain is definitely going to put of new buyers of Litecoin and Litecoin seems to have copied that habit from other crypto-currencies. I just leave my coins on exchanges now, which is not an option for big buyers of Litecoins.
Can we stick a fork in this one yet? 
can we get a dead cat bounce?
It's gone up 0.14 % today. Is that enough to count as a dead cat bounce?
no... 800% please
dead and the second biggest crypto out there 
? are you kidding me?
there will always be silver LTC and gold BTC
? are you kidding me?there will always be silver LTC and gold BTC
can we get a dead cat bounce?
It's gone up 0.14 % today. Is that enough to count as a dead cat bounce?
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