Topic: Why is Litecoin so cheap? (Read 5968 times)

Namecoin has the same specs as bitcoin - 21 million coins. It is currently at $2.

Namecoin is undervalued!! With all things being equal, Namecoin should equal Bitcoin's price and be $450 right now.

/sarcasm.

You have to remember, that LTC is like the "little brother" of BTC. We are a year behind in terms of quite a number of things. But with that said, LTC has made quite a bit of process in terms of acceptance and general public knowledge.

As far as large merchant acceptance it is a catch 22 like bitcoin is in right now with the really large institutions. We need merchants to accept LTC in order for the price to go higher to provide liquidy in order for the price to go higher so on and so forth.

As far as the idling around $10, this is a resulting fact mainly of the coupling that the price of LTC and BTC shares. If BTC goes up, we will have a nice raise in LTC price.


And yes, the LTC community is working hard with our coin. We set up a community projects section in our forums to help the Litecoin Association with their work in promoting and educating LTC and crypto's in general.


And people can really say what they want in terms of "other coins taking us over", but the fact of the matter is that our market cap is still larger than all other alts combined below us (much like BTC can state the same thing).

Have there been any major (or even minor) LTC developments lately?

Has LTC partnered with a major firm?  Has a major online retailer agreed to sign up and accept LTC?  Are there going to be any LTC ATM machines as per BTC?

As much as I like LTC, and hope that it goes up in value coz I hold a small amount, I cant see it doing much.

There is so much interest in other coins now that are actually offering the marketplace something usefull that LTC is just treading water it seems.

I dont devote my life to crypto currencies so i'm sure there is some action happening behind the scenes but unless LTC can announce something big, then it'll just be idling around $10 give or take until another altcoin takes it over.

QFT

Litecoin wealth distribution is massively skewed. worse than bitcoin yet not so plain to see.
insiders stocked up in anticipation for a run-up for a long time.

now we get the greed game almost as a microcosm of btc few years back. where  holders, having seen what happened in the past assume a massive price increase because of net hashrate increase and difficulty spike from first public large-scale sales of scrypt capable ASICS's.. yet its too obvious, it's too simple and it's already priced into market.

Reality is much more LTC will be dumped than buy support can come in to offset. LTC is not independent or free floating from BTC. If BTC down LTC down and the more fiat , attention, R&D is diverted away from the main man Bitcoin the worse LTC will fare too. At one point LTC offered a hedge from BTC's mining centralisation with it's alternative POW. now scrypt is broken for all intents and puroses- ltc doesn't have a real infrastructure. it's only got slight network affect of being longest running alt-coin or silver to btc's gold. the coin truly offers nothing of value over BTC and the only ones guaranteeing profit are the hardware manufacturers and resellers..just like the gold rush.

I believe it will be worth 10$ one day so its kinda boring

Litecoin is relatively small in relation to Bitcoin, that said Litecoin's market cap is greater than all the marketcaps of every other altcoin below it added together (correct me if I'm wrong). So it's in a kinda strong 2nd place below Bitcoin.

Everyone seems to have their own agenda accross the forums, Reddit etc. propagating positive or negative propaganda depending on which coin they choose, just remember cryptocurrencys need new faces not just the same ones switching their support from one coin to another. Newcomers probably take one look at the greedy caustic atmospher and say No thanks to any CryptoCurrency that's a problem for adoption.

Litecoin is cheap if you believe it will be worth $200+ one day, alternatively if you think it'll be worth 0 then it's expensive.

The OP is asking the wrong question.

The important question to answer is 'Why are any of these cryptos worth anything ?"

When you figure this out, you will know the answer to the OP's question too.

because asic manufactures will use your preorder money to build hardware, will mine with your hardware, dump coins in the market and send the crumbs to you.

Hard to say, at 0.024 is a strong support. Next days will show.

Should it be a good moment to buy Litecoin at this moment? Or do you think the price will still go down?

More markets need to accept LTC, to gain it's price.

Look at the  gold price and silver price ,in fact silver reserve is less than Gold, but the price is cheaper a lot than gold, the reason is people's acceptance ,if you are TOP ONE choice,you will get premium.

 

Ur right the devs do nothing , that's why every other clone coin here copies Litecoin and depends on Litecoin devs for updates. Warren Togami has contributed nothing to bitcoin. I agree coins that copy litecoin and have no hardcap and add a picture of a dog are much more exciting then litecoin.

Exactly , they believed that with scrypt asics and rise in litecoin difficulty , Litecoin price will behave the  same way as that of bitcoin , but that has not happened yet . Even with current difficulty , Litecoin price is not rising while many interesting things are happening with other coins.

Yes, the price reflects the value.

Not obsessed with how much of the total

Litecoin devs and community are doing nothing, they are just waiting for Bitcoin to go up and take LTC with them. more exciting coins in crypto industry.

But it seems that LTC is dropping more % then other coins, I believe the asic company is "testing" their products and selling it all on market..

It's not just LTC, the whole market is too low, because there was China effect.

Up until modern history silver and gold, while each have unique properties, never had proper applications of those properties. Classically however each have been utilized as a currency for many hundreds of years. As a matter of fact, the values between the two (when used as silver and gold coins) were not that far apart in value at all, certainly no where near the 40-45 times amount that BTC's and LTC's relationship shares. So I really fail to see your initial point at all.

And please explain to me, why you feel they can't share the same market? Gold and Silver (since thats what we are talking about) share the same market just fine. They each can be used in electronics, jewelry, medicine. Really off the top of my head the only thing that I can think of is that silver can be used as silver backing for mirrors (which really can also be replaced with aluminum I think).


So classically they are both used as currency, are currently being used to store value, and between the two they perform nearly all the same functions. If you think I've made an error please show me.


Honestly this thread is starting to turn into nonsense (not just you, most people here). No one can really compose a detailed and valid argument and keep on repeating "DUR Litecoin are badz cause im a bitcoin fan".



I truly hope that every single one of you understand that we are in this together and fighting like this about shitcoin this and shitcoin that does nothing for our mission. Which is to replace fiat with crypto's.