LTC - 50% wiped of its value in 3 months

TrollboxChamp

sr. member

Activity: 462

Merit: 250

Quote from: mnporter2001 on May 05, 2014, 11:24:52 PM

Is now the time to but or get the hell out as quick as you can ?

Got to love playing the markets haven't you, Im seriously thinking of buying, what do you all think ?

Cheers
Mark

It is actually up 1000+% from a year ago.

Perspective...what a great tool to have.

Cheers! Informed crypto-currency user.

biggus dickus

sr. member

Activity: 310

Merit: 250

I remember stories in the news about how if you bought $5000 of litecoins when they came out you would have been a millionaire by last Christmas. Even if you held onto them you would still have somewhere between a quarter to a third of a million dollars. That's not so bad an investment.

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: kelsey on May 06, 2014, 12:29:10 AM

Quote from: iGotSpots on May 06, 2014, 12:26:56 AM

It was like $2 a year ago so I consider this a very good price still

+1 wow I agree with you on something.

every extreme price rise in any market will be followed by a retrace.

You would agree with me on a lot more stuff if you put your emotions aside

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: johnmatrix on May 06, 2014, 02:13:12 AM

It seems like doge coin is from the same developers as feathercoin.. they both had the same spamming promotion in the beggining

Feathercoin doesn't even have a unique Genesis block; it uses the same one as LTC. Its basically Litecoin forked at block 1 for different name and numbers

Stop buying that bullshit

Joe_Bauers

hero member

Activity: 802

Merit: 1003

GCVMMWH

1 LTC has been steadily trading at ~0.02 BTC for almost a year.

mladen00

legendary

Activity: 2124

Merit: 1013

K-ing®

Quote from: vrm86 on May 06, 2014, 11:35:09 AM

Quote from: mladen00 on May 06, 2014, 05:08:53 AM

LTC doesn't have LTC/fiat stable value.

Does BTC have?

btc has fiat value

it isnt stable, but only btc have it, for now

LTC price depends on price of BTC

kalus

sr. member

Activity: 420

Merit: 263

let's make a deal.

at least el dude is drinking 50% harder

dogechode

full member

Activity: 182

Merit: 100

It's funny to me how so many people try to make the "oh well it's still X amount higher than it was a year ago" type arguments. The same has been said of bitcoin (which has also dropped 50+% in a few months.)

It's one thing if a coin drops, then stabilizes, then begins to rise again. If it drops massively, then continues to slowly bleed value and slowly fall over weeks, months, etc... then that is a major problem.

vrm86

hero member

Activity: 676

Merit: 500

Quote from: mladen00 on May 06, 2014, 05:08:53 AM

LTC doesn't have LTC/fiat stable value.

Does BTC have?

sid7039

full member

Activity: 221

Merit: 100

Quote from: 1Referee on May 06, 2014, 04:02:45 AM

Litecoin is not special, it is just one of the many altcoins that we can choose from. Why in the world is Litecoin worth $10 Huh

LTC is better than other script alt coins the same way that BTC is better that other SHA256 coins - first, biggest market cap, widely accepted by merchants, exchanges, hard to break because of network hashrate....

LTC isn't just one of the many altcoins - many other altcoins are more or less (usually more) LTC clones.

cutetechie

newbie

Activity: 11

Merit: 0

I am still holding LTC...it's been painful the past few months, as it seems to be tracking BTC pricing. The BTC/LTC ratio is quite stable...but since BTC has lost value, LTC has unfortunately followed suit in terms of $ terms.

mladen00

legendary

Activity: 2124

Merit: 1013

K-ing®

LTC doesn't have LTC/fiat stable value.

Value of LTC depends on BTC price

reRaise

hero member

Activity: 868

Merit: 1000

Bought at $2 sold at $25 thanks Litecoin, but other alts are progressing, i still hold some just in case

luchodge99

member

Activity: 68

Merit: 10

panic everywhere.lets wait and see whats gonna happen next.

wangfuqiang

member

Activity: 78

Merit: 10

LTC is fading out, the DRK, NXT,Master are more popular.

CoinMin3r

hero member

Activity: 843

Merit: 518

Defend Bitcoin and its PoW: bitcoincleanup.com

I'm holding some LTC hoping to rise it again.

1Referee

legendary

Activity: 2170

Merit: 1427

Litecoin is not special, it is just one of the many altcoins that we can choose from. Why in the world is Litecoin worth $10 Huh

The only reason for Litecoin to reach $48 was a very HARD pump and dump combined with increasing demand from China. At that time the volumes were crazy high, several other coins also reached insane all time highs.
People that buy and hold Litecoin above $20 are nuts Grin

hashuniverse

newbie

Activity: 31

Merit: 0

ltc is a bit overrated.... can't understand what is its appeal now that there is an asic for it.

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: hashuniverse on May 06, 2014, 02:35:09 AM

litecoin seems like a dying language. no new things.

dunno about that, there is a ETF on the cards following up after the BTC ETF, then btc/ltc will be in proper investment circles and bounds ahead of anything trapped in this niche market.

hashuniverse

newbie

Activity: 31

Merit: 0

yes. i really love how dogecoin is doing with its marketing.

litecoin seems like a dying language. no new things.

Topic: LTC - 50% wiped of its value in 3 months (Read 1357 times)