LTC good investment? - page 4. | Bitcointalksearch.org

smooth

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Quote from: spartak_t on March 22, 2015, 05:16:55 AM

Quote from: smooth on March 22, 2015, 05:12:56 AM

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

Losing money on a coin is always on the table. That's why I said that many people lost their faith in crypto. It's not about hating - it's about the situation in which cryptomarket currently is. I still believe that investing in LTC is not a bad idea at all. Personally I am trying to accumulate as much as I can. I even made a bold prediction about Bitcoin - $450 by the end of April. Grin

This can move the price of LTC somewhere between $2,50 - $3,00, but of course that's just a hunch...

I respect your right to make a different call about LTC. I don't disagree about BTC though. Best to you crypto brother.

spartak_t

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@FAILCommunity

Quote from: smooth on March 22, 2015, 05:12:56 AM

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

Losing money on a coin is always on the table. That's why I said that many people lost their faith in crypto. It's not about hating - it's about the situation in which cryptomarket currently is. I still believe that investing in LTC is not a bad idea at all. Personally I am trying to accumulate as much as I can. I even made a bold prediction about Bitcoin - $450 by the end of April. Grin

This can move the price of LTC somewhere between $2,50 - $3,00, but of course that's just a hunch...

smooth

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Quote from: spartak_t on March 22, 2015, 04:24:52 AM

You are forgetting that LTC will halve in about 3 months and a lot more ASICs will be involved in the mining process. Thus will make LTC more rare as it is now. I can't say it is the best investment out there, but you surely can't lose much at those prices so I think it isn't a bad move to invest some money in it.

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

spartak_t

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Quote from: sofu on March 22, 2015, 05:07:00 AM

LTC is no investment. Its a fucking casino game by market makers. The lower it goes the more money to make for whales on okcoin. Imagine the profit if LTC price is 10Yuan and goes down 2Yuan (20%) and whales fill their x20 leverage short contracts

Better risk with LTC instead buying some shitcoins with fancy threads, features and empty promises.

I still believe that low BTC/LTC price is because many people lost their faith in cryptocurrencies and shitcoins are one of the reasons.

sofu

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LTC is no investment. Its a fucking casino game by market makers. The lower it goes the more money to make for whales on okcoin. Imagine the profit if LTC price is 10Yuan and goes down 2Yuan (20%) and whales fill their x20 leverage short contracts

kelsey

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in this alt coin section you're always going to get litecoin haters (as people here want what alt they're bagholding to succeed) so little hope of any unbiased opinions.

spartak_t

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You are forgetting that LTC will halve in about 3 months and a lot more ASICs will be involved in the mining process. Thus will make LTC more rare as it is now. I can't say it is the best investment out there, but you surely can't lose much at those prices so I think it isn't a bad move to invest some money in it.

smooth

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Quote from: Melbustus on March 21, 2015, 03:20:18 PM

At this point, the ecosystem better understands that bitcoin is the value/money chain, with a likely insurmountable network effect. Coins like LTC which are just clones with parameter tweaks offer nothing over bitcoin, and now that the novelty has worn off, and alts that *do* offer legitimately interesting features exist, the market is (finally) beginning to price the clone-coins rationally. For a coin to even potentially have longevity, it must offer something that bitcoin does not. Money and technological-protocols both exhibit strong network effects. Bitcoin is both, so a coin needs to be *meaningfully* different in order to fill a niche (eg, inherent chain privacy, etc).

Agree, and more than that I quite seriously expect LTC/BTC to approach zero in the foreseeable future. (I do not expect BTC to approach zero soon, thus this ratio is well formed.)

Parameter tweaks were an interesting experiment though, that in theory could have worked (better parameters replacing worse parameters). Now that that experiment has been run the possibility of this happening is vastly lower.

shanem

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LTC is the worst investment ever. It keeps dropping and dropping from the chart.
Even Darkcoin manages to stop the downward trend and is going close to 0.02 soon.

MicroGuy

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Quote from: kelsey on March 21, 2015, 08:30:30 PM

Goldcoin has one dev completely controlling the client, maintaining the chain. and you microguy censor anything you don't like within your community and even self mod threads here.

Fair enough. But we're evolving and getting better each day! Cheesy

(btw ...I haven't censored anything since 2013.)

kelsey

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Quote from: MicroGuy on March 21, 2015, 08:02:54 PM

Quote from: kelsey on March 21, 2015, 07:57:03 PM

Quote from: MicroGuy on March 21, 2015, 06:56:03 PM

I feel that the fickle consumer will ultimately determine which altcoins succeed.

Based on Litecoin's recent abandonment of development and its goofy name, I think it will eventually go the way of the web crawler.

Litecoin has not abandoned development, stop spreading FUD microguy and get back to your own centralised vapourware goldcoin.

I was thinking Charlie Lee had said on Twitter that Litecoin development had stopped. https://twitter.com/litecamel/status/544807537116479488

Quote

LTC does not need development right now. Adding gimmicks does not help a currency succeed. Liquidity, merchants, and user does.

In regards to Goldcoin, we're in the final stages before releasing the long-awaited client. How is GLD centralized?

Litecoin's not adding the latest gimmicks (like all the latest pump n dump scamcoins) but its still under constant development like its always been.

Goldcoin has one dev completely controlling the client, maintaining the chain. and you microguy censor anything you don't like within your community and even self mod threads here.

MicroGuy

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Quote from: kelsey on March 21, 2015, 07:57:03 PM

Quote from: MicroGuy on March 21, 2015, 06:56:03 PM

I feel that the fickle consumer will ultimately determine which altcoins succeed.

Based on Litecoin's recent abandonment of development and its goofy name, I think it will eventually go the way of the web crawler.

Litecoin has not abandoned development, stop spreading FUD microguy and get back to your own centralised vapourware goldcoin.

I was thinking Charlie Lee had said on Twitter that Litecoin development had stopped. https://twitter.com/litecamel/status/544807537116479488

Quote

LTC does not need development right now. Adding gimmicks does not help a currency succeed. Liquidity, merchants, and user does.

In regards to Goldcoin, we're in the final stages before releasing the long-awaited client. How is GLD centralized?

kelsey

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Quote from: MicroGuy on March 21, 2015, 06:56:03 PM

I feel that the fickle consumer will ultimately determine which altcoins succeed.

Based on Litecoin's recent abandonment of development and its goofy name, I think it will eventually go the way of the web crawler.

Litecoin has not abandoned development, stop spreading FUD microguy and get back to your own centralised vapourware goldcoin.

MicroGuy

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Quote from: Parzival on March 21, 2015, 02:23:06 PM

I thought to buy small amount of LTC cause they seem to be cheap now. Do You think LTC price will increase when the next BTC bubble comes like it did the last time?

I feel that the fickle consumer will ultimately determine which altcoins succeed.

Based on Litecoin's recent abandonment of development and its goofy name, I think it will eventually go the way of the web crawler. The next big investment opportunity will probably come from a coin currently off the radar.

Chef Ramsay

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The reason litecoin went up with bitcoin last time wasn't from fundamentals but from the newly interested people getting into crypto since bull market was steaming along. These people wanted to own a substantial amount of something and at that point along the market uptick, they came in and were only able to afford a few bitcoin and then they promptly saw they could get many more of the second tier candidate, litecoin. These people knew nothing about litecoin having the faster transaction speed nor didn't care either. It was all about hopping on the train that had already left and why ltc/btc rate goes up during these rare events because there's lots of newer people getting in and wanting to have more of one thing than they can attain by holding the other. Just think about the psychology of the the mainstream or those newest to a market and outside one's niche thoughts and understandings of the intricacies of crypto. These newer people aren't initially buying this stuff to spend it, just to make more fiat value to cash out depending where their entrance point was along the track. And yes, I hold of decent amount of litecoin for precisely this reason and play the ups and downs accordingly.

Mellnik

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"A rising tide lifts all boats" someone said to me not so long ago.

jbrnt

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Litecoin is slipping, ltc-btc pair has dropped 60% in 6 months. Litecoin needs a good burst of good news to recover and I cannot see it happening. Perhaps convert a small percentage of your bitcoin into litecoin to test your theory, buy should convert back if drops a further 10%.

Parzival

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Quote from: Melbustus on March 21, 2015, 03:20:18 PM

Quote from: Parzival on March 21, 2015, 02:58:35 PM

Quote from: 1Referee on March 21, 2015, 02:54:07 PM

Quote from: ddcorn on March 21, 2015, 02:37:58 PM

NO, bitcoin is slowly dropping back to $0, so is litecoin

And you created a brand new account just to say that?

Why don't you just use your normal account to say stuff like that?

@OP

It's your money but I would advice you to invest in Bitcoin.

With the current price you can firmly hold your Bitcoins without worrying for a few years. It's not that hard. You only need patience.

The last time the LTC price went around 40. When the next bubble comes I guess we all expect the prices to go much higher. So if things go like last time the LTC price could be like 50 x (price now) or more...This means there could be more profits to make from LTC than from BTC because LTC is so cheap now.

The difference is that last time clone-coins were a novelty and most people, being morons, hadn't yet figured out that there's no lasting value to something that doesn't do anything fundamentally new/better *and* has no first-mover/network-effect advantage.

At this point, the ecosystem better understands that bitcoin is the value/money chain, with a likely insurmountable network effect. Coins like LTC which are just clones with parameter tweaks offer nothing over bitcoin, and now that the novelty has worn off, and alts that *do* offer legitimately interesting features exist, the market is (finally) beginning to price the clone-coins rationally. For a coin to even potentially have longevity, it must offer something that bitcoin does not. Money and technological-protocols both exhibit strong network effects. Bitcoin is both, so a coin needs to be *meaningfully* different in order to fill a niche (eg, inherent chain privacy, etc).

Your analysis may be correct but bubbles are (more) about psychology than about the fundamentals. So when the next bubble comes the morons might still buy like crazy...

Melbustus

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Quote from: ddcorn on March 21, 2015, 03:15:12 PM

...

No, VC invested into bitcoin fee-based services exchangers,miners,payment service to make money before bitcoin finally hit $0

Their LP arrangements typically prevent them from investing in currencies or non-equity assets in the funds directly, but many of the VCs and fund-managers who've made equity plays in the bitcoin space have also said that they hold bitcoin personally. Not surprising - these are generally visionary people, who are not risk-averse. Holding bitcoin for the long-term and being a successful VC both require those properties. Something you likely find tough to see through your myopia.

Melbustus

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Quote from: Parzival on March 21, 2015, 02:58:35 PM

Quote from: 1Referee on March 21, 2015, 02:54:07 PM

Quote from: ddcorn on March 21, 2015, 02:37:58 PM

NO, bitcoin is slowly dropping back to $0, so is litecoin

And you created a brand new account just to say that?

Why don't you just use your normal account to say stuff like that?

@OP

It's your money but I would advice you to invest in Bitcoin.

With the current price you can firmly hold your Bitcoins without worrying for a few years. It's not that hard. You only need patience.

The last time the LTC price went around 40. When the next bubble comes I guess we all expect the prices to go much higher. So if things go like last time the LTC price could be like 50 x (price now) or more...This means there could be more profits to make from LTC than from BTC because LTC is so cheap now.

The difference is that last time clone-coins were a novelty and most people, being morons, hadn't yet figured out that there's no lasting value to something that doesn't do anything fundamentally new/better *and* has no first-mover/network-effect advantage.

At this point, the ecosystem better understands that bitcoin is the value/money chain, with a likely insurmountable network effect. Coins like LTC which are just clones with parameter tweaks offer nothing over bitcoin, and now that the novelty has worn off, and alts that *do* offer legitimately interesting features exist, the market is (finally) beginning to price the clone-coins rationally. For a coin to even potentially have longevity, it must offer something that bitcoin does not. Money and technological-protocols both exhibit strong network effects. Bitcoin is both, so a coin needs to be *meaningfully* different in order to fill a niche (eg, inherent chain privacy, etc).

Topic: LTC good investment? - page 4. (Read 3703 times)