Litecoin is officially dead - page 102.

altcoinUK

hero member

Activity: 784

Merit: 1000

Quote from: XinXan on July 10, 2015, 06:58:00 AM

Quote from: altcoinUK on July 10, 2015, 06:50:29 AM

Quote from: reRaise on July 10, 2015, 06:31:06 AM

Quote from: altcoinUK on July 10, 2015, 05:55:18 AM

Quote from: XinXan on July 10, 2015, 04:50:12 AM

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.

The only real world Crypto application besides Bitcoin is GetGems. All other alts have failed to deliver an app that is simple to understand, has a use case and enough incentive to people to use.

And this one GadgetNet https://bitcointalksearch.org/topic/ann-gdgc-gadgetcoin-iot-m2m-smart-contracts-on-hardware-854280 , an IoT coin/blockchain with real world use cases like adult and gaming P2P live video streaming. That's what crypto needs, real world use cases.

And of course Bitcoin is used already by real world apps and GetGems is cool too.

Well a lot of altcoins have potential to become useful in the real world but even bitcoins right now are not really that useful, yes you can buy a lot of things but it still needs a lot of work and its price is definitely not determined by that, most of the times.

I am not talking about theoretically what alt can be useful. Theoretically all alts could be useful, theoretically they can be even currency exchange unit in monkey shit trading. Anything. However, currently not even NXT (which has a massive community) is used in real world application. All of them, including Litecoin is just pure day trade speculation commodity.

The very few IoT and technology coins like GadgetCoin is purposefully and by design attached to a real world use case. Instead of trying to find use case to the application, they build the application for a use case.

Bitcoin doesn't have to do that as Bitcoin for the quite right reason is relatively widely used (if the 100,000 active users most of them traders qualifies as wide usage, but comparing to other alts it definitely is).

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: altcoinUK on July 10, 2015, 06:50:29 AM

Quote from: reRaise on July 10, 2015, 06:31:06 AM

Quote from: altcoinUK on July 10, 2015, 05:55:18 AM

Quote from: XinXan on July 10, 2015, 04:50:12 AM

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.

The only real world Crypto application besides Bitcoin is GetGems. All other alts have failed to deliver an app that is simple to understand, has a use case and enough incentive to people to use.

And this one GadgetNet https://bitcointalksearch.org/topic/ann-gdgc-gadgetcoin-iot-m2m-smart-contracts-on-hardware-854280 , an IoT coin/blockchain with real world use cases like adult and gaming P2P live video streaming. That's what crypto needs, real world use cases.

And of course Bitcoin is used already by real world apps and GetGems is cool too.

Well a lot of altcoins have potential to become useful in the real world but even bitcoins right now are not really that useful, yes you can buy a lot of things but it still needs a lot of work and its price is definitely not determined by that, most of the times.

altcoinUK

hero member

Activity: 784

Merit: 1000

Quote from: reRaise on July 10, 2015, 06:31:06 AM

Quote from: altcoinUK on July 10, 2015, 05:55:18 AM

Quote from: XinXan on July 10, 2015, 04:50:12 AM

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.

The only real world Crypto application besides Bitcoin is GetGems. All other alts have failed to deliver an app that is simple to understand, has a use case and enough incentive to people to use.

And this one GadgetNet https://bitcointalksearch.org/topic/ann-gdgc-gadgetcoin-iot-m2m-smart-contracts-on-hardware-854280 , an IoT coin/blockchain with real world use cases like adult and gaming P2P live video streaming. That's what crypto needs, real world use cases.

And of course Bitcoin is used already by real world apps and GetGems is cool too.

reRaise

hero member

Activity: 868

Merit: 1000

Quote from: X68N on July 10, 2015, 06:34:33 AM

Actual news, Litecoin rating droped since weak hands cannot carry bagholders and exited at 0.030 Wink

But no need to panic for now.
The rapid rise has called for a correction. from 0.325 to the 61.8 Fibo level is 0.0200 if this level breaks then, well shit Wink

lol fibonacci is so overrated.

X68N

hero member

Activity: 672

Merit: 500

Actual news, Litecoin rating droped since weak hands cannot carry bagholders and exited at 0.030 Wink

But no need to panic for now.
The rapid rise has called for a correction. from 0.325 to the 61.8 Fibo level is 0.0200 if this level breaks then, well shit Wink

reRaise

hero member

Activity: 868

Merit: 1000

Quote from: altcoinUK on July 10, 2015, 05:55:18 AM

Quote from: XinXan on July 10, 2015, 04:50:12 AM

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.

The only real world Crypto application besides Bitcoin is GetGems. All other alts have failed to deliver an app that is simple to understand, has a use case and enough incentive to people to use.

altcoinUK

hero member

Activity: 784

Merit: 1000

Quote from: XinXan on July 10, 2015, 04:50:12 AM

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.

XinXan

hero member

Activity: 1064

Merit: 505

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

Quote from: Equate on July 10, 2015, 03:04:09 AM

Quote from: TheMage on July 10, 2015, 02:53:29 AM

Quote from: jubalix on July 10, 2015, 01:31:47 AM

when it get to $100 then the joke will be good

we are still 5 x less than 50$ but its still way above where is has been.

Well you have to understand, the previous $48 was a result of the empty gox/willy bot/$1200 BTC fiasco. So it was an artificial value created due to the status of a "natural trading partner" that Litecoin has with Bitcoin.

Could not agree more but things will get more interesting as we approach closer to block halving.

sure it will, my price prediction will be around 20$ max or less 15$ maybe, it cant be done like in 2013 btc is standing still this time

X68N

hero member

Activity: 672

Merit: 500

I must say from the latest experience (july 2015), i tried to move bitcoin and litecoin form one exchange to another.
Bitcoin was in the past slow, up to 1 hour of transaction time.
A lot of acticles wrote on blogs they improved the network or whatever feature makes it way faster than before.
But when i tried it recently i got exact the same resulty like in 2013.
Bitcoin often up to 60 mins, Litecoin max 10 minutes!

So from a practical standpoint when transaction time matters (for trading)
i just cant wait an hour , even 30min is unpractical. Its like lotto what confirmation speed you get.
The fastest BTC transaction i got from the many i did, was 10mins. The average is about 30-40mins.

Ltc on the other Hand was max 10 mins often faster.

Equate

hero member

Activity: 770

Merit: 500

Quote from: TheMage on July 10, 2015, 02:53:29 AM

Quote from: jubalix on July 10, 2015, 01:31:47 AM

when it get to $100 then the joke will be good

we are still 5 x less than 50$ but its still way above where is has been.

Well you have to understand, the previous $48 was a result of the empty gox/willy bot/$1200 BTC fiasco. So it was an artificial value created due to the status of a "natural trading partner" that Litecoin has with Bitcoin.

Could not agree more but things will get more interesting as we approach closer to block halving.

TheMage

hero member

Activity: 812

Merit: 1000

Litecoin Association Director

Quote from: jubalix on July 10, 2015, 01:31:47 AM

when it get to $100 then the joke will be good

we are still 5 x less than 50$ but its still way above where is has been.

Well you have to understand, the previous $48 was a result of the empty gox/willy bot/$1200 BTC fiasco. So it was an artificial value created due to the status of a "natural trading partner" that Litecoin has with Bitcoin.

jubalix

legendary

Activity: 2618

Merit: 1022

when it get to $100 then the joke will be good

we are still 5 x less than 50$ but its still way above where is has been.

TheMage

hero member

Activity: 812

Merit: 1000

Litecoin Association Director

Quote from: NattyLiteCoin on July 10, 2015, 12:50:59 AM

Can some one PM the mods to close this guy or can we just dedicate this thread to making fun of darkota?

I've PMed them several times in the past because it was pure fud and false information, and they have not. So it looks like we just poke fun

.

NattyLiteCoin

hero member

Activity: 912

Merit: 1021

If you don’t believe, why are you here?

Can some one PM the mods to close this guy or can we just dedicate this thread to making fun of darkota?

Foerster

full member

Activity: 143

Merit: 100

Quote

Im very sad why i sell my Litecoin cheap

Did you sell against CNY?
Sad day for you. But there are worse things than selling with fat profit. Grin

I also noticed that most LTC arbitrage markets just broke down e.g. there are relatively big price differentials between exchanges but they are not very well exploited since the people that normally do the arbitrage rather keep their LTC. However, this will go back to normal once LTC has discovered it's new price range.

BitcoinRichman

full member

Activity: 196

Merit: 100