Topic: Sleeping giant is awakening?? LTC back to $50 now ?? - page 3. (Read 12564 times)

Thats how you make market 1 person sees volume and sees accumulation and other sees capitulation!!!

half glass full half glass empty!!!

The volume is indeed insanely high.



$98.5M in the last 24h. LTC Market cap is currently $417M

$98.5M / $417M = 23.6%

I can't see LTC not going up again 

FYI, I sold some STEEM and bought more LTC on this dip.

I will continue to buy LTC with every thing I can find. I have 1 BTC in another account which I will probably transfer to Poloniex so I can buy more LTC.

The volume on LTC is building. LTC has far too high of volume lately to stay so undervalued. The pressure is building. Also, fiat is coming into LTC via Coinbase, so that in my mind is enough to push LTC's price up regardless of SegWit activation.


My thesis of both the rise of price outpacing hashrate rise due to constrained supply of ASICs, thus driving miners to increasingly signal SegWit, plus my thesis that "It Is Just Time" and that Bitcoin can't rise (willl remain range bound < $1200) until Litecoin catches up to $30+, seems to be holding as truth.The huge volume on LTC tells me LTC has become the #1 altcoin, the pressure is building for another upward explosion in price, and it extremely undervalued. LTC is starting to average more volume than ETC.

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It is impossible for it to reach 95%.

Jihan Wu will never allow Blockstream to exist on Bitcoin. And I already explained he has checkmated Blockstream with his Bitmain covert asciiboost hardware spread out all over in the wild, which he can activate at will without even implicating himself nor Bitmain. Perhaps you missed my elucidation on that.


I would, if I had a house. Seriously. I am selling everything I can find to buy more LTC.



Within the "current activation period", it has been steady at 64-65% since my post which quoted.


Jihan Wu is playing along the game. I never said he wasn't blocking SegWit on Litecoin. But as I wrote, there is 20% of hashrate that was temporarily pulled so the signaling reduced from ~70% to ~62% but since has climbed back to ~64% because more and more other miners are switching to signal SegWit because they are starting to understand the price dip is due to signaling.

As the base of signaling builds back to 69 - 70% again, that 20% hashrate can return and push it over 75%. That might BTCC who is moving that 20% hashrate to and from Ethereum (their GPUs mining farm).

Since BW has stated it will soon signal for SegWit, perhaps some of that hashrate that Jihan had there has been moved to Antpool. Jihan may have been using proxies to hide or influence the decision of other pools. Any way, as I stated before that the hashrate game is too obfuscated for me to determine definitively, but the trend of LTC is now undeniable.

All roads to scaling lead to LTC.

Get on the train or be left behind.

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Yes, I’m very much tired of that :(. I really hope this will end well and not end up collapsing bitcoin (then most all altcoins will probably follow because the trust of cryptocurrencies will be destroyed).

I don’t know, I mean $50 is a whole lot, last I checked it was around 10$ish and the bitcoin bull market will keep all altcoins to a minimum increase or even bear markets. That is why I don’t think you should hope for a raise and sell.

I do however believe it is high time people start buying LTC, don’t buy it at once tough, just keep buying at every 2% price drop. That way you can dilute your way and when it increases you can sell. Long term thinking tough, not like a week of result, maybe 4-6 months.

0.016 for ltc this year.

Who else is tired of this shit?

Time to buy is when fools are selling... let it drop buying more!!! Fundamentally nothing has changed... we are still inching towards segwit activation unless one of the pools signalling yes switches to NO and we drop.

raining with sells on LTC

Clevermining just supported Segwit support with Block 1180894 Before they weren't supporting Segwit another 24ghs hash for segwit woot woot!!!


Not a lot but every little bit helps.

75% here we come as long as Antpool doesn't f up the segwit they are trying really hard to block segwit on litecoin.

https://www.litecoinpool.org/pools



"Iamnothere" who owns or controls LTC1BTC pool is that Antpool clone?

Probably my last post on LTC:

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BTCC could mine with their GPUs at a loss in order to push it over the activation threshold given the relationships involved, which is detailed in the history of my comments.

The argument has already been made numerous times against your scaling myopia. Please read all the history of my comments.

I sold my LTC. It broke down out of the symmetric wedge. Now we have to see if it is a false breakdown with a pullback. Otherwise it is headed back to 0.0075 or below. The market apparently is very doubtful, so maybe we have to pullback and reload.

Ah yes, I remember this from when I was researching mobile-CPU friendly PoW hash function designs in 2016, that Samsung had an advantage on 14nm chips for mobile.


So doesn't this favor my hypothesis that Litecoin's price rise means ASIC supply is constrained thus hashrate will not rise as fast as price does, and thus older 28nm stock should come into mining and it should signal SegWit, because those guys want to remain profitable at higher prices.

I see that there are still a couple of KNC Titan Scrypt miners for sale on ebay. And as the price is rising the A2 Dominators are becoming viable to mine with. I see a shit load of A2s for sale on ebay at really cheap prices ($200, etc). You can practically but them for nothing and when the price rises enough you could flip then for a profit I bet. I haven't actually run the calculation to see at what price the A2s are generating enough profit.


Well I thought the whales if they wanted could sell the fork with the ASICs and buy the one with GPUs, but I guess you are arguing that the other speculators wouldn't follow the whales and that there would be two forks that would survive? Eventually the new fork would get ASICs if the whales stayed on it long enough, but it would take a while.

But as blockchain security grows into a $billions annual business, then whales will have more control over ASIC chip manufacturers.

The SegWit signaling has fallen back to 68 - 69%. One could postulate that all spare capacity for mining LTC was already brought onboard with the recent price increase. And that Bitmain will gradually eat away at that by producing more L3s which they keep for themselves to mine on LTC and block SegWit. The competitors may not have much resources as Bitmain, or just the fact that the L3 is twice as efficient as the A4 competition. I am not sure if that is the only scenario though. Maybe BTCC hasn't yet unleashed their GPU farm on LTC because perhaps they want to wait for a higher price. Maybe they want to stimulate one more price pump before making their move. There have been hacking attacks that have moved hashrate to different pools. So I don't know if a similar attack has been employed on LTC pools. I noticed some significant change in the LTC pool distribution compared to yesterday.

https://web.archive.org/web/20170406082911/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

I had the thought that even if SegWit doesn't get activated, Litecoin has 4X more capacity in its blocks than Bitcoin, so it will have lower transaction fees. Yet I don't know if that would be compelling enough without real scaling.

Edit: Okay I was mistaken in thinking the activation period was only 24 hours. It is 2 weeks:

https://www.reddit.com/r/litecoin/comments/63nb70/how_long_does_it_need_to_be_over_75_before/

Edit#2: Ah I see it must be a specific retarget period!


Thus perhaps we can expect that BTCC won't throw its GPUs at LTC mining until the next block retargeting! Important find.

The next block retargeting begins in ~30 hours, and the following confirms the two week activation period:


Since a retarget period is roughly 3.5 days, that means the prior 3.5 day retargeting period did not start with ~69% signaling.

So I conclude that we might see fireworks ~30 hours from now.

Yeah I hope that you are right about it,
Lets just watch while this coin gets real pump up and earn through it.

 To be technical, ASIC miner CHIP manufacturing on the 14/16nm node is in either Taiwan (TSMC fab with input or part-ownership by Samsung) or New York State of the US (Global Founderies, ex-IBM fab) at this point.

 The MINER manufacturing is largely China (Bitmain, Innosilicon, Cannan?, BW.com, some of the announced BitFury makers) but it's also spread out a lot (other BitFury miners out of the old USSR areas, BitFury itself, and at least one other US major farm in the making that has designed and is using it's own chips).


 Bitmain in particular has shown a LOT of issues with getting enough chips to make miners with- when you have LARGE companies like NVidia and AMD having availability shortages on their new cards that they plan to sell millions of, a small company like Bitmain has to settle for what capasity is left over (and keep in mind that AMD has long-term contracts locking in capasity at Global Founderies due to the ex-AMD fabs being part OF Global Founderies dating back to it's foundation and their sale TO GF by AMD - and a lot of the rest of GF capasity is locked into IBM for the SAME reason).

 

 If there is a fork that disabled any current ASIC miners, the result would be to make the coin that forked away almost worthless while there would be another coin that would take over due TO the existing miners not being able to move from the existing blockchain/infrastructure.
 In other words, if any "change POW" fork happened to Bitcoin, it would largely KILL Bitcoin in a hurry - and if it happened to Litecoin, it would kill Litecoin even faster.

We can't get 95% to activate SegWit on Bitcoin without Bitmain's approval. They have every right to protect their patent's value. Those who think Bitcoiners will rally to fight him are socialists and communists, who deny capitalism, game theory, and economic reality.

We can't lower the 95% threshold for Bitcoin, because it will cause too much risk and wild price swings.

Also we shouldn't be putting such experimental shit on Bitcoin. Bitcoin is supposed to remain reliable.

Sorry Bitcoin will remain unmodified, as Satoshi (aka Nash) intended its equilibrium game theory to be a clusterfuck of politics insuring the immutability of the protocol which is what gives Bitcoin its trust and value.



Got LTC yet? 

And now finally we understand that indeed scaling can only happen on Litecoin: