Topic: Warning to Litecoin investors - page 2. (Read 3576 times)
As long as there are no scrypt ASICs, there remains a purpose behind scrypt-based "coins", and among those, litecoin remains king. As the cliche' goes, it is the silver to bitcoin's gold.
I expected LTC to fall with the low BTC price but its staying strong. Litecoin prices have been going up and down more frequently than BTC so it is more attractive to traders to make a profit.
1. Buy LTC at current price
2. Wait till it is on Mt.Gox
3. Sell
4. Profit
5.
2. Wait till it is on Mt.Gox
3. Sell
4. Profit
5.
Except everybody might be thinking that...
1. Buy LTC at current price
2. Wait till it is on Mt.Gox
3. Sell
4. Profit
5.
2. Wait till it is on Mt.Gox
3. Sell
4. Profit
5.
Litecoin has also been losing value, in terms of USD, only gaining to Btc as its been losing ground.
I bought my LTC at 2 cents each.
And they lost value?
Bitcoin at least has global media presence and some (albeit small) real market for transactions. Litecoin is just a fantasy right now and nothing more than pure speculation is driving the price, I've no opinion on the price but tread carefully folks!
Litecoin price has kept up better than bitcoin, however, I think chances are high that it will drop a lot more than bitcoin once bitcoin is bottoming out, just like it skyrocketed much more than bitcoin when bitcoin was topping out. On top of that I think Litecoin has a higher chance to die and never come back as the arguments for it's existence can be debunked with strong counterarguments (in contrast to bitcoin).
I might be wrong and anyone that is able to help me see this I would be very grateful for as in such case Litecoin will present a much larger opportunity than bitcoin if the holders start to question it's survivability and sell it to depressed levels comparable to bitcoin in 2011.
edit: Maybe this thread should be moved to altcoins, not sure. I'll leave it to the moderator's discretion.
I might be wrong and anyone that is able to help me see this I would be very grateful for as in such case Litecoin will present a much larger opportunity than bitcoin if the holders start to question it's survivability and sell it to depressed levels comparable to bitcoin in 2011.
edit: Maybe this thread should be moved to altcoins, not sure. I'll leave it to the moderator's discretion.
wtf are you saying dude?
Are you looking at the big picture chart? :
http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-usd&market=btc-e
http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-usd&market=btc-e
Litecoin has also been losing value, in terms of USD, only gaining to Btc as its been losing ground.
I hear what you say re: bitcoin now low and litecoin now high, however I don't think litecoin is going to disappear any time soon
Here are some serious guys starting up in it : https://www.litecoinglobal.com/security/CIPHERMINE, More miners = more security.
Be sure to read through the "motions" page because they have decided to step it up. Also notable are plans for a dark web ex.
Here are some serious guys starting up in it : https://www.litecoinglobal.com/security/CIPHERMINE, More miners = more security.
Be sure to read through the "motions" page because they have decided to step it up. Also notable are plans for a dark web ex.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Litecoin price has kept up better than bitcoin, however, I think chances are high that it will drop a lot more than bitcoin once bitcoin is bottoming out, just like it skyrocketed much more than bitcoin when bitcoin was topping out. On top of that I think Litecoin has a higher chance to die and never come back as the arguments for it's existence can be debunked with strong counterarguments (in contrast to bitcoin).
I might be wrong and anyone that is able to help me see this I would be very grateful for as in such case Litecoin will present a much larger opportunity than bitcoin if the holders start to question it's survivability and sell it to depressed levels comparable to bitcoin in 2011.
edit: Maybe this thread should be moved to altcoins, not sure. I'll leave it to the moderator's discretion.
I might be wrong and anyone that is able to help me see this I would be very grateful for as in such case Litecoin will present a much larger opportunity than bitcoin if the holders start to question it's survivability and sell it to depressed levels comparable to bitcoin in 2011.
edit: Maybe this thread should be moved to altcoins, not sure. I'll leave it to the moderator's discretion.
Jump to: