Topic: Litecoin TANKING...opinions on future outlook both nearterm and long term? (Read 6548 times)
August 17, 2014, 06:51:48 PM
So uh...anyone buying in now and guessing on when to catch a falling blade?
August 17, 2014, 12:27:31 AM
PANIC SELL!!!
SOMEONE JUST SOLD 300,000 LITECOIN.
OMG OMG
PANIC SELL!!!
SOMEONE JUST SOLD 300,000 LITECOIN.
OMG OMG
PANIC SELL!!!
Your own little world must be fascinating. So many exiting things are happening.
August 17, 2014, 12:25:54 AM
bought some cheap coins now
August 17, 2014, 12:23:06 AM
SELL!!!
SOMEONE JUST DUMPED 300,000 LITECOIN.
OMG OMG
SELL!!!
SOMEONE JUST DUMPED 300,000 LITECOIN.
OMG OMG
SELL!!!
August 17, 2014, 12:21:53 AM
look out LTC/BTC traders, in previous "bubble" cycles LTC hasn't acted this bearish...
if BTC shoots up from here we could see some seerious dumping on this pair (even if LTC/USD)
I will be looking to catch a bottom around 0.006
if BTC shoots up from here we could see some seerious dumping on this pair (even if LTC/USD)
I will be looking to catch a bottom around 0.006
August 16, 2014, 01:19:16 AM
Litecoin lacks of more innovation, but it will remain if backed properly.
That's a great, concise point that few people realize. Market leaders are rarely the most innovative, but they do need to be well funded and have proper marketing.
August 16, 2014, 12:31:32 AM
LTC/BTC pair raised vs LTC/USD
August 16, 2014, 12:29:54 AM
For me LTC seems still high overpriced. Sometime it was THE altcoin. Now its just another one.
The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.
The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.
little Litecoin is just going through its birth process none of the others on the Cap (top 20) (apart from Quark) flow with any free market force. (perhaps Zeta)
if ASICs proliferate Litecoin has a chance - if not its going to slip into obscurity.
sorry i'll add FTC and Prime to that list - they "pretty much" flow with the free market more or less.
Litecoins volume in USD today is nearly $7,000,000 ranking 2nd behind BTC
Many coins are in the top 15 for volume of trade. For example Ripple, Darkcoin, Doge and Monero all trading 5 or 6 figure volumes (USD) so far today.
So far today Quarks volume is $1920. LOL.
If by "fluid with the market" you are talking about liquidity... well Quark is losing badly and is in 56th place as an alt.
have you read any of his "threads"? He is a huge troll and the best action would prolly be to put him on ignore.
suck a dick bagholder - as for "yada yada volume"
yeah all (most) Crypto are price manipulated retard - you can come on here an pretend you don't know that, you will achieve the result of looking like a "fucktard" < (that's a mix between a fucked retard i assume?)
I'm here to laugh at you the Litecoin bagholder. that's why i'm commenting on here.
feel free to put me on ignore, and i'll continue to laugh at your massive loss. (that you will likely never recover)
I would elaborate on this and state that any asset is manipulated (too largely include USD and other countries money). Hell what do you think wall street and the federal reserve do? The sad part is that these sicknesses have slithered their way into crypto's en masse.
Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me. Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish. The 365 day chart does not look good...at all.
Is there some particular news that is triggering this massive downward slope? And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.
When the threat of scrypt ASICs reared its head earlier this year, there were some calls for LTC to implement a new algo, with many favoring X11.Is there some particular news that is triggering this massive downward slope? And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.
However, both Charles and Warren were against the idea.
Not long after, commercial scrypt ASICs started to be distributed and their impact began to felt almost immediately.
A short while ago, as LTC's price continue to slide, Charles proposed a merge mining solution with Dogecoin.
But, rumors began to float that Charles was bribed by Chinese ASIC manufacturers to push the idea, so Dogecoin devs apparently turned him down. This triggered the second major price drop.
So what is in store for LTC now?
I think the price will naturally level off once scrypt ASICs profitability levels are established.
It could be weeks, or months, as people learn to optimize and fine tune scrypt ASIC miners.
Forking over to a new algo was a dumb idea, and it still is. It wasnt jsut Charlie and Warren, there were a number of members myself included that stated we should not switch to another algo. x11 is no better, and FPGA's have already been developed for them for quite some time now. If there is a financial incentive, someone will make an asic.There is no way around this at all.
As far as the price, I personally expected it. The same thing happened to Bitcoin when asics were deployed.
PS: AUXPoW (merge mining) has nothing to do with the topic, it was to help Dogecoin. There is little to no benefit that Litecoin receives from it. And no he was not "bribed" from asic manufacturers, this is a very dirty lie created by trolls.
August 15, 2014, 08:07:36 AM
You can check the lt graphs
August 15, 2014, 04:10:24 AM
Litecoin lacks of more innovation, but it will remain if backed properly.
problem is people wack 101 worthless additions to various alts and the scream innovation.
i've been around here a long time and hold many different alts, but I am yet to see anything even remotely sensible in the way of attracting mass adoption to cryptos.
imo ltc is a genuine improvement on btc without going into stupid pointless so called innovations.
Too many altcoins making same claim. LTC will go down with the rest of them.
August 15, 2014, 03:58:43 AM
Litecoin lacks of more innovation, but it will remain if backed properly.
problem is people wack 101 worthless additions to various alts and the scream innovation.
i've been around here a long time and hold many different alts, but I am yet to see anything even remotely sensible in the way of attracting mass adoption to cryptos.
imo ltc is a genuine improvement on btc without going into stupid pointless so called innovations.
August 15, 2014, 01:50:46 AM
The downtrend for ltc will continue.
Don't forget 500MH - 1TH miners will be released soon in the next 3-4 months.
Don't forget 500MH - 1TH miners will be released soon in the next 3-4 months.
August 14, 2014, 09:51:02 PM
I'm getting tired of all this manipulation :/
yet without it cryptos would be about 2% as popular as they are today
August 14, 2014, 09:27:56 PM
Minor bump today in price, but no way in hell am I jumping in at this moment. That graph trend does not look good. Wonder if BTC will test the $400 resistance like it did when the gox scandal got exposed.
August 14, 2014, 06:00:29 PM
Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me. Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish. The 365 day chart does not look good...at all.
Is there some particular news that is triggering this massive downward slope? And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.
When the threat of scrypt ASICs reared its head earlier this year, there were some calls for LTC to implement a new algo, with many favoring X11.Is there some particular news that is triggering this massive downward slope? And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.
However, both Charles and Warren were against the idea.
Not long after, commercial scrypt ASICs started to be distributed and their impact began to felt almost immediately.
A short while ago, as LTC's price continue to slide, Charles proposed a merge mining solution with Dogecoin.
But, rumors began to float that Charles was bribed by Chinese ASIC manufacturers to push the idea, so Dogecoin devs apparently turned him down. This triggered the second major price drop.
So what is in store for LTC now?
I think the price will naturally level off once scrypt ASICs profitability levels are established.
It could be weeks, or months, as people learn to optimize and fine tune scrypt ASIC miners.
Fwiw, Charles made a very interesting comment on Reddit yesterday.
Quote
I first heard about Bitcoin when it shot to $30, which was around a $200M marketcap. Then it dropped all the way down to $2 (~$15M marketcap). Litecoin hit $1B and is now ONLY $175M. If you think $175M is dead, then you definitely would have sold when Bitcoin hit $15M. That would have been a disaster!
Would Litecoin price drop more? Maybe
Would it drop a lot more? Possibly
Would it rebound when Bitcoin rebounds? Definitely
Would it rebound a lot more than Bitcoin? Very likely
Would Litecoin price drop more? Maybe
Would it drop a lot more? Possibly
Would it rebound when Bitcoin rebounds? Definitely
Would it rebound a lot more than Bitcoin? Very likely
August 14, 2014, 04:15:56 PM
here we go
November last year, and this is on the cards again ...
The bottom was about 0.0075
November last year, and this is on the cards again ...
The bottom was about 0.0075
Way oversold Territory right now, we might see that bottom i agree, expecting a strong rally in under 48 hours.
I see that price has been decreasing with bitcoin, every time bitcoin rises so does LTC, I been following this for the past 24 hours, so all wee need is bitcoin to go back up and so will litecoin, or am I wrong cause thats what I had been analyzing
If I remember correctly, the last spike for LTC coincided with a BTC pump by Mark Karpeles (allegedly). At least one of the previous spikes on the chart was when BTC crashed completely .... it went down to around 60 dollars.
I'm hoping this happens again, a good old bitcoin dump and LTC pump.
LTC at 0.045, and I'll be laughing at Darkota and his little friends.
Then I can swap my LTC for BTC at a good price (although I would have done that around the mid-20s).
August 14, 2014, 03:16:01 PM
For me LTC seems still high overpriced. Sometime it was THE altcoin. Now its just another one.
The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.
The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.
little Litecoin is just going through its birth process none of the others on the Cap (top 20) (apart from Quark) flow with any free market force. (perhaps Zeta)
if ASICs proliferate Litecoin has a chance - if not its going to slip into obscurity.
sorry i'll add FTC and Prime to that list - they "pretty much" flow with the free market more or less.
Litecoins volume in USD today is nearly $7,000,000 ranking 2nd behind BTC
Many coins are in the top 15 for volume of trade. For example Ripple, Darkcoin, Doge and Monero all trading 5 or 6 figure volumes (USD) so far today.
So far today Quarks volume is $1920. LOL.
If by "fluid with the market" you are talking about liquidity... well Quark is losing badly and is in 56th place as an alt.
have you read any of his "threads"? He is a huge troll and the best action would prolly be to put him on ignore.
suck a dick bagholder - as for "yada yada volume"
yeah all (most) Crypto are price manipulated retard - you can come on here an pretend you don't know that, you will achieve the result of looking like a "fucktard" < (that's a mix between a fucked retard i assume?)
I'm here to laugh at you the Litecoin bagholder. that's why i'm commenting on here.
feel free to put me on ignore, and i'll continue to laugh at your massive loss. (that you will likely never recover)
Then you are shit out of luck because I don't hold LTC or anyone non-innovative POW coin. (like Quarkshitcoinscam)
August 14, 2014, 09:16:15 AM
digitalindustry have u thought about offering cryptocurrency classes online at skype or something for a good fee (1 btc or so)? im sure many would join and sign up for yer lessons !
~CfA~
~CfA~
we can all do it for free -
out of all this torrent of shit here will come a general consensus, we can all help each other learn.
~CfA~
August 14, 2014, 09:12:09 AM
digitalindustry have u thought about offering cryptocurrency classes online at skype or something for a good fee (1 btc or so)? im sure many would join and sign up for yer lessons !
~CfA~
~CfA~
we can all do it for free -
out of all this torrent of shit here will come a general consensus, we can all help each other learn.
but it's a great idea.
August 14, 2014, 09:05:36 AM
digitalindustry have u thought about offering cryptocurrency classes online at skype or something for a good fee (1 btc or so)? im sure many would join and sign up for yer lessons !
~CfA~
~CfA~
Jump to: