Litecoin Is NOT Dead (It Is Just Dying A Slow Death) - page 9.

FreeJack2k2

sr. member

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Quote from: ShroomsKit_Disgrace on June 30, 2014, 08:15:49 AM

How are you doing today LTC bagholders?

Another BTC rally missed?

Cheesy

Litecoin never rallies on the same schedule as Bitcoin. Money always leaves Litecoin when Bitcoin reverses trend and starts going higher. Always...and then, when the Bitcoin rally peters out, money cycles back to Litecoin. Sometimes a lot more than was there, to begin with.

We have 5-6 solo miners with over 30% of the block rewards right now, which represents an unusually concentrated amount of dumping...and they're offloading in anticipation of the next round of hardware that's shipping next month and throughout the summer/fall.

It'll be bumpy for a while, but when the network has been overtaken by ASIC hardware, it's going to change the dynamic radically. Hashrate will no longer have anywhere to migrate for chasing profitability and miners will be forced to hoard until profitability improves. Unless they like losing money. Over time, it'll rebalance and that's when it'll boom...because the network will have increased its hashrate tenfold at least, since the start of 2014. The strength of the network will attract a lot of eyes.

Honestly...people in crypto these days have NO patience, whatsoever. The pump and dump mentality has overrun it.

digitalindustry

hero member

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‘Try to be nice’

Quote from: kelsey on June 27, 2014, 01:41:02 AM

Quote from: devphp on June 27, 2014, 01:21:45 AM

Quote from: jubalix on June 26, 2014, 06:26:16 PM

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Litecoin doesn't have a better distribution than Bitcoin, check the statistics.

Most coins, no matter what good distribution they could have at some point in the past, end up in the hands of just a few people. It works like that with fiat or crypto. Distribution is a misleading word, only to attract newbs.

Well i agree with you on that, I think being obsessed with "fair" distribution is pretty pointless, especially when once any coin can be traded for fiat its distribution becomes as "fair" as fiat. Those wealthy in fiat can then become those wealthy in cryptos.

totally incorrect -

you can have millions indeed "billions" of pieces of paper, this won't guarantee you a monopoly % share in a well distributed crypto all it will mean is that you can move the market.

this has been shown to be true.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: jubalix on June 26, 2014, 06:26:16 PM

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Beyond that....what.

~~~~~

actually that means a lot if its a true statement - learn here if you like. :

https://bitcointalksearch.org/topic/nxt-innovation-gets-a-special-mention-at-the-end-of-my-crypto-educational-blog-670913

Liquid71

hero member

Activity: 835

Merit: 1000

There is NO Freedom without Privacy

Any mention of privacy features on LTC talk instantly gets shot down like it's so wrong to expect any privacy with ones own money and only criminals and drug dealers care about privacy.. it's not what features they do or don't have interest in it's the attitude that they need to follow in Bitcoin's shadow and not step outside of it and take zero chances that makes it a lame investment. LTC talk feels like it's full of tweens and sheeple.

Just my 2 satoshis

kokojie

legendary

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Wait, some one actually said “Litecoin has the best development team”??? I didn't know copy pasting was considered development.

ChetnotAtkins

full member

Activity: 131

Merit: 101

There is no great future scenario for Litecoin. The competition is too far evolved with coins offering far more then Litecoin. A slow death is inevitable

devphp

sr. member

Activity: 336

Merit: 260

Dogecoin and Litecoin market caps and hash rates will be on par some time this year.

Brilliantrocket

hero member

Activity: 826

Merit: 500

Looks like the thread title is accurate. A slow erosion, until panic sets in and we get a nice crash. Another shitcoin bites the dust.

ShroomsKit_Disgrace

legendary

Activity: 952

Merit: 1000

Yeah! I hate ShroomsKit!

How are you doing today LTC bagholders?

Another BTC rally missed?

Cheesy

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: TaunSew on June 26, 2014, 07:04:41 PM

Quote from: ?? on ??

Quote from: devphp on June 25, 2014, 02:45:34 AM

Do you have an exit strategy for Litecoin, in case it goes against your expectations? It has been in a downtrend for over 6 months now. At what point (time point or price point) would you sell your LTCs? Suppose, it keeps going down to $5, $3, $1? Would you sell then? Because you pose yourself as a serious investor/miner per your own words, you should have an exit strategy of some sort. Could you share it?

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~

Cryptos within 10 years will probably be worth $1 trillion. $2 trillion investment gold, $500 billion global remittance (cryptos do it better), $20 trillion retirement / savings accounts (cryptos do better), $97 trillion investments, $400 trillion derivatives (coins like NxT have asset exchanges and even their own derivatives now).

Dot come bubble was $7 trillion in late 1990s.

Reality is all coins would benefit if cryptos hit $1 trillion. Maybe BTC (or other coin) might be worth $700 billion, but something like LTC could be $200 billion and then many alts worth $10 - $50 billion. LTC could hit $5K - $10K per LTC in future.

Cryptos is still relatively new. Look at the Government attention on Cryptos and yet it's only $10 billion industry... Madoff's scam (which consisted of scamming bankers and rich New Yorkers) was over $60 billion. Bitcoin is this small fly on the wall and yet look at governments who are currently revising their tax codes because THEY KNOW crypto currencies will be huge in the future.

Bitcoin has less capitalization than Drop Box but you don't see Government harassing Drop Box.

I agree with all of this well put.

The Govs reaction to crypto's is way beyond any other software I can recall, eg word/windows/linux other software...ho hum.

a mere 10B market cap and every single gov has to get serious.

On issue is though this is not market cap buy buying power. Drop box/Microsoft can spend its whole value and has to earn it back. BTC does not. The BTC "market cap: represents buy power that's always there.

mimimimimimimi

newbie

Activity: 26

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Quote from: Saigonsmokes on June 23, 2014, 07:40:01 AM

Quote from: darkota on June 23, 2014, 06:44:09 AM

Quote from: Walrusbonzo on June 23, 2014, 02:14:35 AM

It's a good read. I agree, Litecoin is dying a slow death. It has very little going for it compared to the more modern innovative coins like BlackCoin and VeriCoin.

Very true, I made a thread detailing why Litecoin is already dead, it only has 20 btc worth of volume on Mintpal..

Yes you made a thread and self moderated that thread and deleted any post that was positive towards Litecoin. Thats called being a troll. Your view means nothing, you clearly have an agenda.

Whats the volume like on NXT that you always pump?

https://i.imgur.com/lin9tIL.png

'FUD WARNING - There seems to be a certain group who go around constantly spreading lies about Litecoin. Most of these new coins coming out are created by the same group who's sole purpose is to pump and dump the coin on you and get as many btc and ltc as they can. DYODD'

You can read more about Litecoin and what the community has been up to here. https://bitcointalksearch.org/topic/why-litecoin-will-always-be-a-top-2-crypto-661938

ltc may not be completely perfect ASICs etc but the NXT and other scams are dead and going no where and everyone knows it.

Aricoin_Mike

newbie

Activity: 28

Merit: 0

Quote from: mymenace on June 27, 2014, 01:32:50 AM

2 great things about ltc you can buy and sell with it

and you can make more btc from it

There is always possibility to make opposite... To lose bitcoin that way. Wink

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: devphp on June 27, 2014, 01:21:45 AM

Quote from: jubalix on June 26, 2014, 06:26:16 PM

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Litecoin doesn't have a better distribution than Bitcoin, check the statistics.

Most coins, no matter what good distribution they could have at some point in the past, end up in the hands of just a few people. It works like that with fiat or crypto. Distribution is a misleading word, only to attract newbs.

Well i agree with you on that, I think being obsessed with "fair" distribution is pretty pointless, especially when once any coin can be traded for fiat its distribution becomes as "fair" as fiat. Those wealthy in fiat can then become those wealthy in cryptos.

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

2 great things about ltc you can buy and sell with it

and you can make more btc from it

devphp

sr. member

Activity: 336

Merit: 260

Quote from: jubalix on June 26, 2014, 06:26:16 PM

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Litecoin doesn't have a better distribution than Bitcoin, check the statistics.

Most coins, no matter what good distribution they could have at some point in the past, end up in the hands of just a few people. It works like that with fiat or crypto. Distribution is a misleading word, only to attract newbs.

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: ?? on ??

Quote from: devphp on June 25, 2014, 02:45:34 AM

Do you have an exit strategy for Litecoin, in case it goes against your expectations? It has been in a downtrend for over 6 months now. At what point (time point or price point) would you sell your LTCs? Suppose, it keeps going down to $5, $3, $1? Would you sell then? Because you pose yourself as a serious investor/miner per your own words, you should have an exit strategy of some sort. Could you share it?

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~

Cryptos within 10 years will probably be worth $1 trillion. $2 trillion investment gold, $500 billion global remittance (cryptos do it better), $20 trillion retirement / savings accounts (cryptos do better), $97 trillion investments, $400 trillion derivatives (coins like NxT have asset exchanges and even their own derivatives now).

Dot come bubble was $7 trillion in late 1990s.

Reality is all coins would benefit if cryptos hit $1 trillion. Maybe BTC (or other coin) might be worth $700 billion, but something like LTC could be $200 billion and then many alts worth $10 - $50 billion. LTC could hit $5K - $10K per LTC in future.

Cryptos is still relatively new. Look at the Government attention on Cryptos and yet it's only $10 billion industry... Madoff's scam (which consisted of scamming bankers and rich New Yorkers) was over $60 billion. Bitcoin is this small fly on the wall and yet look at governments who are currently revising their tax codes because THEY KNOW crypto currencies will be huge in the future.

Bitcoin has less capitalization than Drop Box but you don't see Government harassing Drop Box.

WheresWaldo

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Activity: 210

Merit: 100

Quote from: jubalix on June 26, 2014, 06:26:16 PM

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Beyond that....what.

This is why I hold peercoin as well, it has a clear use case that no other coin has even attempted. Its sort of like trying to explain crypto to fiats, explaining peercoin to BTC/Alts. The problem is most people can't get thier head around where the real money is in the economy and its not in retail that most clamor for.....eg my Amazon/ebay/paypal

That said I still cant bring myself to part with a single LTC.

litecoin "dying".... i dont know any alt coins that aren't "dying" to be honest.

jubalix

legendary

Activity: 2632

Merit: 1023

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Beyond that....what.

This is why I hold peercoin as well, it has a clear use case that no other coin has even attempted. Its sort of like trying to explain crypto to fiats, explaining peercoin to BTC/Alts. The problem is most people can't get thier head around where the real money is in the economy and its not in retail that most clamor for.....eg my Amazon/ebay/paypal

That said I still cant bring myself to part with a single LTC.

Aricoin_Mike

newbie

Activity: 28

Merit: 0

Quote from: juicyjuice87 on June 25, 2014, 09:58:05 PM

Quote from: Aricoin_Mike on June 25, 2014, 04:13:18 PM

Simple: It has to go down to get up again. Wink

There's only so many times you can get resuscitate before your fuked

Yeah, nobady knows how many that is Wink

In my opinion ther will be many many more for ltc... But nobady knows.

alienesb

hero member

Activity: 868

Merit: 1000

Doesn't Charlie work for Coinbase? Isn't that worth something?

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