Litecoin TANKING...opinions on future outlook both nearterm and long term? - page 7.

Hfleer

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Quote from: kelsey on August 12, 2014, 12:38:56 AM

obviously trading vol been too low of late so someones taken the advantage to play the market

too many people saying they'd top up on ltc if it falls below $5 to have it not bounce imo.

That is what they say. The orderbooks say otherwise. Doesn't look too good atm!

Hfleer

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Quote from: kerafym on August 12, 2014, 12:38:47 AM

Quote from: Hfleer on August 12, 2014, 12:28:43 AM

People are selling to join Ethereum, StorJ and Syscoin. Also Stellar is not helping.

This is not soley a LTC problem but all alts.

And the same cycle will repeat a few months down the road when people selling Ethereum, StorJJ, Syscoin, Stellar to jump on next hot coin.

Human stupidity never cease to amaze me.

Exactly. Todays markets are so hype driven. Nobody gives a shit about value, only price.

kelsey

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Quote from: kerafym on August 12, 2014, 12:38:47 AM

Quote from: Hfleer on August 12, 2014, 12:28:43 AM

People are selling to join Ethereum, StorJ and Syscoin. Also Stellar is not helping.

This is not soley a LTC problem but all alts.

And the same cycle will repeat a few months down the road when people selling Ethereum, StorJJ, Syscoin, Stellar to jump on next hot coin.

Human stupidity never cease to amaze me.

agreed. pretty much why I mainly stick with ltc out of the alts, seen so many other innovative greatest thing come n go.

kelsey

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obviously trading vol been too low of late so someones taken the advantage to play the market

too many people saying they'd top up on ltc if it falls below $5 to have it not bounce imo.

kerafym

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THE GAME OF CHANCE. CHANGED.

Quote from: Hfleer on August 12, 2014, 12:28:43 AM

People are selling to join Ethereum, StorJ and Syscoin. Also Stellar is not helping.

This is not soley a LTC problem but all alts.

And the same cycle will repeat a few months down the road when people selling Ethereum, StorJJ, Syscoin, Stellar to jump on next hot coin.

Human stupidity never cease to amaze me.

Hfleer

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Activity: 448

Merit: 250

Changing avatars is currently not possible.

People are selling to join Ethereum, StorJ and Syscoin. Also Stellar is not helping.

This is not soley a LTC problem but all alts.

IXC2XIC

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Quote from: flipstyle on August 12, 2014, 12:14:49 AM

Wow.

Free fall mode. Losing 20% of your value in a single day for litecoin is definitely not commonplace. If it breeches 5 bucks by the end of the week, I'm going in.

If $6 doesn't hold then I think it's definitely going under $5 and if that happens the bottom will fall out and it will hit $3 although I think it would rebound very quickly as the smart big money knows that's a steal. So be ready to buy if you're gonna buy.

flipstyle

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Wow.

Free fall mode. Losing 20% of your value in a single day for litecoin is definitely not commonplace. If it breeches 5 bucks by the end of the week, I'm going in.

IXC2XIC

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Looks like it has support at .0100 but if it breaches that it would easily hit $5 and maybe even $3. Anything under $5 is gonna get bought up fast by the Bitcoin whales. I would buy too if I had the money.

The same goes for doge at anything under 15 sats.

SolomonRising

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The Truth illuminates the eyes of the heart!

I think it's going to $5 which would make it a screaming STRONG buy. If it breaks $5 then it could hit $3 but I think whales would buy up all they can at $5 so I doubt it will go that low. This is a gift right here, buy up all you can.

Newbie1022

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It dropped too much too quickly. It shouldn't have a high value, but $7 is a decent strike price. I call bull----. People are putting way too much stock into the CFPB and into Ethereum (which is a scamcoin). This is one of the rare really good short-term buys.

Note: On the year, it looks like hell, but a 20% - 25% drop in a day on the heels of other drops and no dramatic news is just too much if you ask me.

dspair

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BTC went down a little bit too. I guess some old LTC bagholder is cashing out.

thefunkybits

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Quote from: FlyForFun on August 11, 2014, 10:34:17 PM

Litecoin and every other alt-coin is dropping really hard...

Not XMR

https://bitcointalksearch.org/topic/m.8304508

old fart

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Bitcoin is the future

Litecoin tanked a while back and I thought it was finished, but it bounced back quite quickly.

FlyForFun

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Litecoin and every other alt-coin is dropping really hard...

FandangledGizmo

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The product not currency coins are more stable, so MaidSafe holding well.
I'm a BitShares fan, but BitShares PTS is up & will probably be up nearly everyday till the 21st.

(There is a .bit killer being snapshotted off it on 21st August.)

kelsey

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Quote from: SunBin on August 11, 2014, 09:50:43 PM

Quote from: kelsey on August 11, 2014, 09:44:51 PM

Quote from: Benjig on August 11, 2014, 09:38:13 PM

Litecoin is dropping because in reality it offers nothing new, less block time is its only "feature".. any alt coin outhere with another thing is better than litecoin and people realized that now.

lol not an alt since ltc has any new usable (in the real world) features. only features in the new coins are to sell the new coin to the gullible. ltc itself has advantages over btc for the general pop for use and investment purpose for one the creator isnt a mystery.

Litecoin was promised to be ASIC resistance and have the support of GPU miners before ASIC took over. Now that it is ASIC mineable, only the die hard fan will continue supporting the coin.

why the same fud over and over lol do some research ltc never promised to be asic resistant, no thought was even given to asic at the time of ltc's creation.

thefunkybits

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Litecoin getting slammed again.

and this is just the beginning...I wasn't planning on buying until BTC hit at least $1000 again

Skoupi

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Skoupi the Great

Maybe it has something to do with a warning issued by a consumer bureau or something...

SunBin

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Quote from: kelsey on August 11, 2014, 09:44:51 PM

Quote from: Benjig on August 11, 2014, 09:38:13 PM

Litecoin is dropping because in reality it offers nothing new, less block time is its only "feature".. any alt coin outhere with another thing is better than litecoin and people realized that now.

lol not an alt since ltc has any new usable (in the real world) features. only features in the new coins are to sell the new coin to the gullible. ltc itself has advantages over btc for the general pop for use and investment purpose for one the creator isnt a mystery.

Litecoin was promised to be ASIC resistance and have the support of GPU miners before ASIC took over. Now that it is ASIC mineable, only the die hard fan will continue supporting the coin.

Topic: Litecoin TANKING...opinions on future outlook both nearterm and long term? - page 7. (Read 6548 times)