Why the loss of confidence in litecoin? - page 11.

kokjo

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You are WRONG!

Quote from: BTCat on October 18, 2013, 06:25:46 AM

Litecoin is special for the mass adoption by merchants and people accepting it as payment. The network is solid.
The only coin that can stand in the shadow of Bitcoin.

is this English?

BTCat

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Litecoin is special for the mass adoption by merchants and people accepting it as payment. The network is solid.
The only coin that can stand in the shadow of Bitcoin.

Leehoya

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Frustration over Mt.Gox?

kriwest

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Quote from: adamas on October 18, 2013, 05:52:02 AM

Quote

So, to summarize: I don't think people lost confidence in LTC, they lost it in Gox. And they're losing patience so returning to BTC instead.

This! It's a good opportunity to buy LTC now. It most likely won't go below 0.01 btc.

In order to say how low LTC will go I would need to know how many people still hold LTC only as a speculative bet on Mt.Gox... if 90% of LTC holders are only waiting on Gox: it could go abysmally low. If most speculators have already dumped their LTC, we could see a more stable price. Simply put; I don't know where the bottom is because I don't know who the active players are. The more strong hands we have in LTC, the more stable the price will be.

Carra23

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Need a campaign manager? PM me

Quote from: adamas on October 18, 2013, 05:52:02 AM

Quote

So, to summarize: I don't think people lost confidence in LTC, they lost it in Gox. And they're losing patience so returning to BTC instead.

This! It's a good opportunity to buy LTC now. It most likely won't go below 0.01 btc.

It will most definitely go below 0.01 BTC. How low it will go depends on how far away is the next MtGox announcement which will lead to another temporary pump.

adamas

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VIS ET LIBERTAS

Quote

So, to summarize: I don't think people lost confidence in LTC, they lost it in Gox. And they're losing patience so returning to BTC instead.

This! It's a good opportunity to buy LTC now. It most likely won't go below 0.01 btc.

kokjo

legendary

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You are WRONG!

because litecoin brings nothing significant to the table that bitcoin does not have.

(bring on the flamers, im right!)

Luckybit

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Quote from: #Darren on October 18, 2013, 05:23:51 AM

Break it down for me - crypto for dummies Grin

Because the stock exchanges went down. Litecoin was only able to survive because people could use them to buy virtual stocks and bonds and because of stuff like Atlantis.

Litecoin will be back and better than ever once there is a place to spend them. But for right now expect the price to go back under $1 where it was before April.

Morbid

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its sad to say but i fear that as soon as it rises there will be swarms of hoarders dumping their ltcs. so we might see price being unstable for quite a while until the confidence increases and people actually decide to keep their ltcs as investment.

kriwest

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Just speculating here but.. maybe many people bought in on the MtGox talk. And now that Gox is in an uncertain position + it's taking a long time for LTC to appear there + BTC price is going up again = lots of people would rather hold BTC because they've lost confidence in Gox more so than LTC, and they're impatient.

So, to summarize: I don't think people lost confidence in LTC, they lost it in Gox. And they're losing patience so returning to BTC instead.

Personally I still like LTC - but because of the above it was probably overvalued for a long time.

#Darren

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Break it down for me - crypto for dummies Grin

Topic: Why the loss of confidence in litecoin? - page 11. (Read 13827 times)