Why LTC boom? | Bitcointalksearch.org

El Dude

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Quote from: TaunSew on June 30, 2015, 03:08:09 AM

Quote from: El Dude on June 30, 2015, 02:54:52 AM

Quote from: TaunSew on June 30, 2015, 02:47:48 AM

Litecoin, with virtually no development

when are you going to get your head out of your ass and stop spewing the same bullshit over and over ?

I need to hold your hand and show you litecoin developments , because you can't google.
https://litecointalk.org/index.php?topic=26151.0

Occasional updates, to fix minor problems or to add a few whistles, is virtually no development in the tech industry. Even here in crypto - just compare Litecoin with Bitshares, Litecoin has barely changed from years ago since Charlie Lee left it to pursue better gigs.

1) sorry can't compare a fairly released coin like litecoin with a ipo scam like bitshares
2) Charlie lee is still around the litecoin scene , his last post was 10 days ago in /r/litecoin http://www.reddit.com/user/coblee

stop the fud spreading , no one here is going to buy your shit ipo coin.

spartak_t

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@FAILCommunity

Quote from: TaunSew on June 30, 2015, 03:08:09 AM

Occasional updates, to fix minor problems or to add a few whistles, is virtually no development in the tech industry. Even here in crypto - just compare Litecoin with Bitshares, Litecoin has barely changed from years ago since Charlie Lee left it to pursue better gigs.

satoshi also left Bitcoin. Charlie Lee only said that LTC does not need gimmicks to succeed and he is right.

TaunSew

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Quote from: El Dude on June 30, 2015, 02:54:52 AM

Quote from: TaunSew on June 30, 2015, 02:47:48 AM

Litecoin, with virtually no development

when are you going to get your head out of your ass and stop spewing the same bullshit over and over ?

I need to hold your hand and show you litecoin developments , because you can't google.
https://litecointalk.org/index.php?topic=26151.0

Occasional updates, to fix minor problems or to add a few whistles, is virtually no development in the tech industry. Even here in crypto - just compare Litecoin with Bitshares, Litecoin has barely changed from years ago since Charlie Lee left it to pursue better gigs.

El Dude

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Quote from: TaunSew on June 30, 2015, 02:47:48 AM

Litecoin, with virtually no development

when are you going to get your head out of your ass and stop spewing the same bullshit over and over ?

I need to hold your hand and show you litecoin developments , because you can't google.
https://litecointalk.org/index.php?topic=26151.0

TaunSew

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There are short term investments and ability to make profit: Litecoin is a good example of that, but daytrading and pump and dumps is a vicious game where you will be burned.

The people right now who are fist pumping about LTC - well guess what? They were fist pumping about LTC during the last 12 pump and dumps I saw it go through. And yes - they can be vicious like Pit Bulls and try to bite you on the ankle or arm if you try to disrupt the game of musical chairs.

Litecoin is not a long term investment. Long term prospects do not factor in whether something is currently popular among bots and daytraders or if it will be pumped again. More important factors is user adoption and Litecoin, with virtually no development, is not going to ever produce some killer app or product that will produce said adoption.

yet_another_bitcoiner

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Hey, guys, do you really believe in pump?

It's just trap for newcomers, all this posts about litecoin halving, bitcoin dead-forked, Greece default. Everybody try to buy before 5 July, when Greece situation will clarify. But smart people shouldn't buy ltc at such unreal price.

What will happen at 5-th July is trap closing. All newbies which purchased expensive ltc will be fucked by manilulators. Sad but true.

Price of ltc after 5-th July ~ $1.7. Just open bitcoinwisdom and look at fake pumps. Pure hamsters...

tokeweed

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Quote from: nikona on June 29, 2015, 11:59:12 PM

"Perhaps Greece has started thinking of adopting LTC as their currency and since they can't buy all the BTC before driving it up, they are going ahead and buying all the LTC "

PS - Just a speculation.

Lol. That would be funny. "Yes yes we cannot buy the bitcoin anymore! Let's get the much cheaper, faster one!"

nikona

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"Perhaps Greece has started thinking of adopting LTC as their currency and since they can't buy all the BTC before driving it up, they are going ahead and buying all the LTC "

PS - Just a speculation.

MicroGuy

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Quote from: Greendragon on June 29, 2015, 11:16:32 AM

Why not bitcoin?

Investors are beginning to understand the reality that altcoins are here to stay. Moving forward, as we see hiccups (1MB block debate) in BTC, you'll see people moving into altcoins as a hedge/safe haven. This is what I call the "price disconnect slowly closing."

Litecoin is the obvious hedge at the moment because it has the best/most consistent volume.

tokeweed

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Quote from: TaunSew on June 29, 2015, 10:20:38 PM

Because Charlie Lee Chinese - Chinese people viewed as very industrious, trust worthy, not steal your money. Litecoin is ~~silver~~ the safe haven of Bitcoin.

FYP.

tokeweed

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Quote from: Greendragon on June 29, 2015, 11:16:32 AM

Why not bitcoin?

Because it's the safe haven coin. Too much politics going on in Bitcoin land right now. Some people are moving to LTC. Good luck with your Gavincoin.

TaunSew

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Because Charlie Lee Chinese - Chinese people viewed as very industrious, trust worthy, not steal your money. Litecoin is silver of Bitcoin.

DieJohnny

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Quote from: bassclef on June 29, 2015, 03:34:31 PM

Quote from: gentlemand on June 29, 2015, 11:18:09 AM

Much smaller market and therefore easier to move the price when there's demand.

This. LTC went from $2 to $40 in 2013, I wouldn't be surprised to see it go to $200 next cycle. It sounds crazy now but digital currency bull markets are a sight to behold.

I own litecoin but would sell long before $200, there is only one market big enough to drive into the billions and that is bitcoin, everything else is just for fun. I simply cannot see even this rally coming close to $20, much less $40.

The difference between bitcoin and altcoins is that the bubbles get bigger and bigger for bitcoin and alt coins they get smaller and smaller.

NUFCrichard

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I do think the block halving has something to do with it, but there seems to be a general influx of money into alts though.
there have been a couple of waves where a lot of the big alts go up at the same time.

Last time the Alts market was crazier than the Bitcoin market in the bubble of 2013. It will be interesting to see if that happens again!
I don't see a $200 LTC anytime before BTC is $5k though!

hf100

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Quote from: ajareselde on June 29, 2015, 12:06:37 PM

It's no just ltc, its nvc, nmc, and ppc also. Basically, there's an obvious pump going on, and while people are uncertain will it remain high, they will keep buying,
but after a while, when price remains at these higher levels, and people get comfortable with that price enough to buy - that's exactly the moment they will cash out.
Judging by previous such acts, the price should remain high for quite some time, but i'm not buying into those sh*tcoins, no way.

cheers

There's a giant wall on Bitfinex stopping the price going down. If that wall gets removed the price could crash very quickly. Sooner or later it will probably be removed for profit taking dumps. I consider buying into Litecoin a high risk now the price has been pumped so high.

bassclef

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Quote from: gentlemand on June 29, 2015, 11:18:09 AM

Much smaller market and therefore easier to move the price when there's demand.

This. LTC went from $2 to $40 in 2013, I wouldn't be surprised to see it go to $200 next cycle. It sounds crazy now but digital currency bull markets are a sight to behold.

Mellnik

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Quote from: Amph on June 29, 2015, 02:17:13 PM

it simple really, block halving is imminent

i was told you guys that you don't need the exact date of the block halving, like it is a wedding day or birthday

the actual pump will start long before that, because of a reverse psychological chain reaction

"1° guy i should be the first to buy ltc i'll buy 1 month before the halving"
"2° guy i must be the first to buy before everyone else, i'll buy two months before the halving"
"3° guy i need absolutely to buy before the other, so i'll buy 3 months before"

and so on...

That's very true. It has been the exact same with Namecoin a few months ago.

Mellnik

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Quote from: Greendragon on June 29, 2015, 11:16:32 AM

Why not bitcoin?

What do you mean? Bitcoin and Namecoin rises too. Why do you think LTC is the cause?

kwukduck

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The same happened with bitcoin. It is extremely overpriced right now. That will become clear next year with block halving. We will see permanent double digits and maybe even single.
With the rise of superior alternative technologies combined with the stagnation of bitcoin development we could be looking at bitcoins quiet death within a year.

Amph

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it simple really, block halving is imminent

i was told you guys that you don't need the exact date of the block halving, like it is a wedding day or birthday

the actual pump will start long before that, because of a reverse psychological chain reaction

"1° guy i should be the first to buy ltc i'll buy 1 month before the halving"
"2° guy i must be the first to buy before everyone else, i'll buy two months before the halving"
"3° guy i need absolutely to buy before the other, so i'll buy 3 months before"

and so on...

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