Litecoin is officially dead - page 94.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Oscilson on September 11, 2015, 05:44:13 AM

Quote from: hendra147 on September 04, 2015, 06:30:30 PM

Quote from: Oscilson on September 04, 2015, 06:27:41 PM

Quote from: shanem on September 03, 2015, 10:01:47 AM

Litecoin is hitting new lows since the huge pump.
It will go below 0.01 btc soon.

The price is still higher than $1. as long as it has active development, it will survive.

yes litecoin will down
but Litecoin is Long term altcoin investmen

just buy and hold for 3-4month you will never lose anything , because litecoin will be up again

If there is no improvement in LTC, the price will not rise.

With me it is the yoshi like following of LTC to the Mario of BTC curently around 0.01240 ltc to btc.....that has been stable as heck..there is a train of thought
with all the BTC dev FUD and block size and other drama ...that trading for coin or mining for coin btc or ltc that now is the time...to hoard and wait.....and just before the halving
of bitcoin in August 2016...would be the time to dump say LTC to BTC and/or do whatever with whatever coin you'd accumulated

anyway what the hoarders 'say' and some traders

so anyway as long as this ratio is OK....I use LTC I mine to BTC ..it is just gonna be 'when' I pull the trigger on 'most' of the LTC I have for that purpose

then again if BTC is going the way of 'beanie babies or LTC well I'll have a lot of coin...and that is much more handy to have and take to the retirement home
many years from now then cats

(just saying)

if it all goes 'beanie baby' or 'tulips' as some wags say (good to have a plan)

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: hendra147 on September 04, 2015, 06:30:30 PM

Quote from: Oscilson on September 04, 2015, 06:27:41 PM

Quote from: shanem on September 03, 2015, 10:01:47 AM

Litecoin is hitting new lows since the huge pump.
It will go below 0.01 btc soon.

The price is still higher than $1. as long as it has active development, it will survive.

yes litecoin will down
but Litecoin is Long term altcoin investmen

just buy and hold for 3-4month you will never lose anything , because litecoin will be up again

If there is no improvement in LTC, the price will not rise.

Liquid71

hero member

Activity: 835

Merit: 1000

There is NO Freedom without Privacy

Quote from: Za1n on September 04, 2015, 10:16:58 PM

Quote from: FloridaBear on September 03, 2015, 09:44:24 AM

Quote from: Za1n on August 29, 2015, 12:18:11 PM

I don't think we will see much of a decline in the network hash-rate as most of the miners already have sunk cost in their equipment and the amount of network hash is around the same as it was when litecoin was around the $1.50 mark. So even taking the halving into consideration, at $3.00 miners are making the same profit as they were before at $1.50. Also, as pointed out by others, a declining price might cut into profitability by they might not actually go into the negative until it goes a lot lower.

For instance, say at $3.00 a miner is making a hypothetical $100/day profit after electricity it could drop to $2.00 and they might still be making $50/day. Profit is profit.

I also think that some miners will mine at a slight loss for awhile as well, since history has shown that oftentimes when the price gets down to unprofitable levels, it soon shoots back up. So if you have a big operation going, it might be better to let it run a month or two at a "on paper" loss, say LTC drops to $1.00, but then it bounces back to $2.50 or so again. Profit is determined when they sell their litecoins, not necessarily what the price is on the day you mine it.

It never makes sense to mine at a loss. It would be better to shut the miners off and buy LTC using the money saved on electricity--you are getting a better price. Why would you pay $3.00 for LTC via mining when you can buy it for $2.68?

Speaking of which, I shut off 3 A2 Terminators today as the new difficulty combined with continued price erosion made them unprofitable. WTF is up with the hash-rate increase? That makes no sense at all to me.

Say you negotiated with your local utility to purchase so much electricity over say a 6 month period to obtain a better cost. Maybe your cash flow is tied up so you can't just buy a bunch of LTC the moment the price cross over occurs, many reasons they might continue on, as I said for a short period of time. No different that oil rig operators or even physical metals miners, they have been known to run a "paper loss" for periods of time on the expectation the downtrend is temporary.

Not longterm, if the price drops below break even they turn off rigs and shut down mines. They don't run at a loss hoping to sell at a higher price. Mining only makes sense if cost of production is less than market price, doesn't matter if the commodity is oil, gold, or Bitcoin.
If you are mining at a small loss to support the coin and help secure the blockchain while increasing your holdings that would be the only logical reason I can think of to mine at a loss. That and denial about never reaching ROI on your mining equipment...I did that for a few months with my gridseeds Cheesy

Za1n

legendary

Activity: 1078

Merit: 1011

Quote from: FloridaBear on September 03, 2015, 09:44:24 AM

Quote from: Za1n on August 29, 2015, 12:18:11 PM

I don't think we will see much of a decline in the network hash-rate as most of the miners already have sunk cost in their equipment and the amount of network hash is around the same as it was when litecoin was around the $1.50 mark. So even taking the halving into consideration, at $3.00 miners are making the same profit as they were before at $1.50. Also, as pointed out by others, a declining price might cut into profitability by they might not actually go into the negative until it goes a lot lower.

For instance, say at $3.00 a miner is making a hypothetical $100/day profit after electricity it could drop to $2.00 and they might still be making $50/day. Profit is profit.

I also think that some miners will mine at a slight loss for awhile as well, since history has shown that oftentimes when the price gets down to unprofitable levels, it soon shoots back up. So if you have a big operation going, it might be better to let it run a month or two at a "on paper" loss, say LTC drops to $1.00, but then it bounces back to $2.50 or so again. Profit is determined when they sell their litecoins, not necessarily what the price is on the day you mine it.

It never makes sense to mine at a loss. It would be better to shut the miners off and buy LTC using the money saved on electricity--you are getting a better price. Why would you pay $3.00 for LTC via mining when you can buy it for $2.68?

Speaking of which, I shut off 3 A2 Terminators today as the new difficulty combined with continued price erosion made them unprofitable. WTF is up with the hash-rate increase? That makes no sense at all to me.

Say you negotiated with your local utility to purchase so much electricity over say a 6 month period to obtain a better cost. Maybe your cash flow is tied up so you can't just buy a bunch of LTC the moment the price cross over occurs, many reasons they might continue on, as I said for a short period of time. No different that oil rig operators or even physical metals miners, they have been known to run a "paper loss" for periods of time on the expectation the downtrend is temporary.

hendra147

hero member

Activity: 644

Merit: 509

Quote from: Oscilson on September 04, 2015, 06:27:41 PM

Quote from: shanem on September 03, 2015, 10:01:47 AM

Litecoin is hitting new lows since the huge pump.
It will go below 0.01 btc soon.

The price is still higher than $1. as long as it has active development, it will survive.

yes litecoin will down
but Litecoin is Long term altcoin investmen

just buy and hold for 3-4month you will never lose anything , because litecoin will be up again

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: shanem on September 03, 2015, 10:01:47 AM

Litecoin is hitting new lows since the huge pump.
It will go below 0.01 btc soon.

The price is still higher than $1. as long as it has active development, it will survive.

n2004al

legendary

Activity: 1134

Merit: 1000

I think that with that price litecoin was dead since the beginning. That value don't worth its work to be produced. I didn't like never nor litecoin and not the other coins the most of those are products of developers to make money and which die e few time after their born. The only real coin is bitcoin.

TheMage

hero member

Activity: 812

Merit: 1000

Litecoin Association Director

Quote from: Wapinter on September 03, 2015, 05:46:54 PM

Quote from: Josepht on June 19, 2014, 11:51:06 PM

Since people are using LTC, it isn't dead. It value might have decreased, but that doesn't mean it is dead.

Yes it is not fair to call it dead when people still have faith in it.

People love to throw around the "dead" monkier for Litecoin in the same way Bitcoin has died multiple times now (Hey, did you know the CEO of Bitcoin went to jail recently guys?!?) Roll Eyes

.

I pretty much ignore these people. If someone reverts to strictly talking about price of something as the only metric of measuring how dead a coin is they have little insight in how the crypto eco-system works and assumes that money is the only motivating factor. Now dont get me wrong, it is a major driving factor, but not the only one.

Wapinter

legendary

Activity: 2688

Merit: 1026

Hire me for Bounty Management

Quote from: Josepht on June 19, 2014, 11:51:06 PM

Since people are using LTC, it isn't dead. It value might have decreased, but that doesn't mean it is dead.

Yes it is not fair to call it dead when people still have faith in it.

tampazeus

hero member

Activity: 924

Merit: 1000

Lick me like a lolipop

I just bought 300 ltc today. hope it was a good choice. I think soon people will see how the halving affect coins like ltc and price will soar.

wearehatetherules

full member

Activity: 195

Merit: 100

★YoBit.Net★ 200+ Coins Exchange & Dice

really? or you should go home because you drunk?
tell me more reason to prove that.

btccashacc

legendary

Activity: 1120

Merit: 1000

Quote from: hoian0809 on September 03, 2015, 10:20:11 AM

Quote from: btccashacc on September 03, 2015, 10:09:34 AM

Litecoin will be up if bitcoin price up ?

Litecoin's future depends on Bitcoin's future. If BTC survives, LTC survives too, moreover, LTC has the potential to overshoot BTC's growth percentage-wise, of course not in nominal terms.

but yesterday Litecoin fail after reach 9$ and bitcoin up to 300$

hoian0809

legendary

Activity: 1020

Merit: 1000

Quote from: btccashacc on September 03, 2015, 10:09:34 AM

Litecoin will be up if bitcoin price up ?

Litecoin's future depends on Bitcoin's future. If BTC survives, LTC survives too, moreover, LTC has the potential to overshoot BTC's growth percentage-wise, of course not in nominal terms.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Litecoin is far from dead (I think) It's been an old crypto ever since Bitcoin was made. I do think that maybe Litecoin's price might increase up to $10+ That's why I'm holding them. It's a coin that I would never spend unless I'm satisfied with its price.

btccashacc

legendary

Activity: 1120

Merit: 1000

Litecoin will be up if bitcoin price up ?

shanem

legendary

Activity: 1344

Merit: 1000

Litecoin is hitting new lows since the huge pump.
It will go below 0.01 btc soon.

FloridaBear

full member

Activity: 260

Merit: 100

Quote from: Za1n on August 29, 2015, 12:18:11 PM

I don't think we will see much of a decline in the network hash-rate as most of the miners already have sunk cost in their equipment and the amount of network hash is around the same as it was when litecoin was around the $1.50 mark. So even taking the halving into consideration, at $3.00 miners are making the same profit as they were before at $1.50. Also, as pointed out by others, a declining price might cut into profitability by they might not actually go into the negative until it goes a lot lower.

For instance, say at $3.00 a miner is making a hypothetical $100/day profit after electricity it could drop to $2.00 and they might still be making $50/day. Profit is profit.

I also think that some miners will mine at a slight loss for awhile as well, since history has shown that oftentimes when the price gets down to unprofitable levels, it soon shoots back up. So if you have a big operation going, it might be better to let it run a month or two at a "on paper" loss, say LTC drops to $1.00, but then it bounces back to $2.50 or so again. Profit is determined when they sell their litecoins, not necessarily what the price is on the day you mine it.

It never makes sense to mine at a loss. It would be better to shut the miners off and buy LTC using the money saved on electricity--you are getting a better price. Why would you pay $3.00 for LTC via mining when you can buy it for $2.68?

Speaking of which, I shut off 3 A2 Terminators today as the new difficulty combined with continued price erosion made them unprofitable. WTF is up with the hashrate increase? That makes no sense at all to me.

azguard

legendary

Activity: 1484

Merit: 1001