Topic: Litecoin up, Bitcoin down - page 3. (Read 3672 times)

this is not correct or at least isn't certain, because for doge was the same, the halving was still far away(not 3 months but 1-2) and the price start to climb already, it's not like the price it is waiting the exact moment of the halving to start to climb, it doesn't work in this way

Litecoin is going to pump very easy from here and soon will have as much volume or more than bitcoin. The halving will come just in time to shoot LTC very far up. Probably it also won't stick longterm cuz it'll have similar problems but at least the pump will open a lot of options for a more diverse and innovative landscape aswell as some long lasting profit opportunities and many startups again with higher quality.

It was really foolish to believe Bitcoin would be the one and working out on first try. Let's be realist now.

Litecoin halving is still approx. 3 Months away. What we are seeing has nothing to do with the halving. It has to do with oversold conditions and rock bottom prices. From rock bottom it's easy to rise. From rock bottom it can per definition only go up. Sellside on exchanges was so thin everyone could have spiked LTC 15% up with just 500$

Bitcoin has never arrived at rock bottom and people are actually afraid of the event of Bitcoin hitting rock bottom. Some alts have been there last year already. Alts are good to go up from here. They have hit their definate rock bottom price. Bitcoin still has some way to the bottom. Remember: we are still in accumulation phase and the built in high inflation just makes sure it's going nowhere but that issue has been discussed here many times already.

Bitcoin is quite old now and has so many problems. Starting with slow and small blocks, hardfork turnoff, drugmoney/pedophile/mafia-status in the public image, user unfriendlyness, large blockchain, high inflation, bad distribution, bad actors, bad foundation, high electricity consumption ... and the list goes on!

Litecoin is still a virgin and so are many other coins. And they come with smaller chains, better distribution, faster blocks, smaller cap and thus more opportunity to profit from pumping it and so on and so forth.
Really bitcoin is just a bunch of problems and alts are just a bunch of solutions.

The only unfortunate thing was this cult like pumping and promising noobs 1 million for a coin and megalomaniacing about 'all transactions worldwide' and so on. It just went all a bit too far. Even so for as to try to sabotage progress and work against decentralisation ideals (the thing that made it big in the first place).

Time to move on i think and become an early adopter of another promising cryptocurrency project. Don't fall in love with your investement. Especially not when it's only going downhill.  

More diversity in the space won't hurt anyone. The bitcoin fetish is also not rational or because people actually "support the tech". It's just greedy cult behaviour created by baghold. Time to evolve.

Litecoin block halving is still more than 90 days away. Do you think it is already influencing the price now? Let's hope litecoin regains some of its glory, around 10 usd would be nice!

the only reason this could be true is because of the upcoming block halving, but it's a transitory and momentaneous thing, don't ride too much that wave...

Why? Because of inflation problem and bad wealth distribution aswell as 20MB fork FUD. The goofy Gavin is fudding his own Visa-coin. Code is like from ancient times. There are better coins now which will take a large part of its capital in the future. Seeing Litecoin rise to 0.1 BTC price and beyond and possibly grow bigger than Bitcoin due to better distribution of wealth and thus better networkeffect will leave several people baffled. Don't be caught off guard. It is still time to realize you have been brainwashed by the early adopters into thinking this shitcoin will be worth 10k$ and more in the future while it's actually a mathematical impossibility due to problems that arise from the fundamental metrics of high inflation and really bad reward structure.

Bitcoin is going nowhere and the sooner we realize this and seek answers where it failed the better it'll be for crypto. It's time to embrace altcoins. Money flows where opportunity for profits are. That's just a basic law.
Evolution can not be stopped. Don't fight the trend and hedge possibly with some other cryptocurrencies for a possible bitcoin default.
Crypto is here to stay but time to admit we have been mislead by a cult-like community.

Bitcoin is a nightmare in energy consumption so letting it go for more energy efficient alternatives is actually doing the planet a favour.
Bitcoin needs to be seen as a lesson learned not only about the tech but also about ourselves. It was just a prototype and surely won't die so fast but i think it'll just continue with its usual slow decline for a lot longer and i'm not so sure the halving will change that persistently.
Looking back on the last one year chart one would have to admit something went wrong here. It'll be clearer later when price is lower.

I wish everyone good luck.