Topic: Litecoin just hit $2,21 (Read 4056 times)

lol this time it has parked the bus around 2.21 buying at 0.22

yes and now hit again, but we will not see instant recovery to 8 usd

I disagree. The dynamics are different this time around, as there didn't use to be any decent alternatives to Litecoin.. there was only clones of Litecoin that changed block speed or currency supply for the most part, most of these clones died because of the lack of innovation. There are many cryptocurrencies that have much faster block times, which is basically the only thing that was good about Litecoin. The main problem I see is that there are many cryptocurrencies with new and/or improved features as compared to Litecoin. There is not much of a reason to speculate in Litecoin other than thinking it is "too big to fail", but I think this line of thinking is flawed. Litecoin got popular as it was a safe haven for GPU miners that got kicked off the Bitcoin chain by ASICs. Now GPUs have also been kicked off of the Litecoin chain that appeal is lost.

There are many large companies that fail due to not being able to understand their original formula is not working and not adapting their game plan to compete against more innovative competition. Take Sears for example.. They failed to see the way malls and retailers were losing business to online commerce and failed to adapt quick enough. They were once a giant that got started as a mail order catalog and failed to adapt their one time successful strategy to compete with other companies.

There are some companies that never change their product or business strategy and remain wildly successful, but these companies generally either have a proprietary formula or recipe, or have a patent. With Litecoin being open source, it doesn't have either of those benefits going for it.

it was just the time for it. Now will be the time for raising. just look on it last year. it was the same...
Litecoin will come back... at least this time.

https://bitcointalksearch.org/topic/ann-litecoin-a-lite-version-of-bitcoin-launched-47417

Great thanks, and you ? How's innovation ?

hows that innovation meme working out for ya?

 
I don't understand why Litecoin holders let Litecoin die.
They didn't change the algo when it was time.
Litecoin is the most useless of all atlcoins because all altcoin are based on Litecoin but most of altcoin try hard to innovate.
It is an ultra competitive market, they had the first mover advantage and the funds but they didn't add any feature since Litecoin launched.
How can you be so spoiled and lazy ?
Now they lost over 90% of their investment. Good job.

I wish I bought litecoin at this price and then sold it at 45 dollars
But that was back during the Bitcoin rally as well I feel bad for the people who bought at that price and yep that definitely is life.

man i remember when LTC was $45. ahh the good ol' days.

someone know litecoin official thread?

This^, They probably caused a Minor panic buy and tripled their money, then sold again cause Litecoin dropped A Lot more now.

Congrats to that smart whale who bought, and sold just as quickly.

I think this time it will be different, last time max keiser pumped it with his $50 tweet

Found it. Admittedly, the stipulation was that it'd have to be sub $2 for 48 hours.

https://bitcointalksearch.org/topic/m.7501331

Popcorn?

[On an aside: The more I think about it, the more I wonder if this was intentional...The pair mismatch really was drastic after all.]

Figures you were joking 

WE cannot say tha LTC is dead , but really the coins is going slowly down and dipping into nowhere. In my opinion there will be a lot of better coins out there with the time, which will make litecoin not so interesting for the newcomers to the board. May be it will not die, but shrink a little.

Smart people wait till it hits 0.008

I was just teasing on the bet that never happened between Darkota and Smoothie (in the LTC Critique thread that you have). That's all.  

Admittedly, looking at the right-hand trend, this really does look like a "fat-finger" error because of the pair mismatches between BTC/LTC and LTC/USD on btc-e.

Only dumb people would do that.

Well maybe his bet was under $3 and he succeeded