Topic: Why the loss of confidence in litecoin? - page 9. (Read 13847 times)

Your a joke

Don't believe people who hating on LTC so much, these are the impatient types who come and mumble some BS or very unexperienced with investing/trading in general. Also go and read the Litecoin AMA on Reddit instead of asking people who don't care about you. Same goes for trollbox. LTC has a very bright future

The problem is the signal-to-noise ratio... when english is written poorly its meaning is lost, obfuscated, or worse. I don't care about grammar, as long as stuff is understandable.

who carez? this iz not grammer skool, itz an onlien forum

Litecoin has no merchants, Litecoin does not have any significant features that Bitcoin does not(nobody cares about the hashing algorithm, except the angry cpu miners that got left behind). The only driving force behind Litecoin is speculation by stupid people, that does not realize that they are worthless.

Im not saying that altcoins are bad or they will all die, but litecoin will not survive becuase its too similar to bitcoin, and we already have bitcoin. A altcoin that could survive or even have a symbiotic relationship with bitcoin, could for example be one where miners could spend others coins after a specific number of blocks. This could reduce the txout set, by the transactions where the key has been lost. Bitcoin could then become long term storage of value, and this new altcoin could become a everyday coin where its only your own loss that you lose your keys, and not the networks.

I think this is spot on. Most only mined Litecoin to exchange for Bitcoin at some unknown future date. This of course is unsustainable.

There's a bet for that:

http://bitbet.us/bet/525/litecoin-to-fall-below-01-btc-before-2014/?ref=17SY2XwzgViNLrNhELPYpj7ps1FokqfFBN

Let me put it another way...
It's the MARGINAL movement of capital BETWEEN Alt Coins that affects prices...
Not some perceived, imaginary real-world use or "community".

These are Tiny Cap Alts, baby. (Not Bitcoin).

When both XPM and WDC tripled in the last 2 weeks...
The Whales you think don't matter took $1,000,000 out of LTC...
And pumped the shit out of XPM and WDC... you have to watch it happen to appreciate it.

You might think $1 million out of a $40 million cap is trivial...
But on a MARGINAL basis in terms of exchange pricing...
It's large enough to drop-kick LTC by 10-20%... and the BTC spike did the rest.

Sunny King's coins are more than "proof of concept", Market Cap = $8,300,000...
Alt Pumpers are VERY sophisticated... and show them a lot more respect than LTC.

I am always frustrated by cryptsy. I really only use it at this point to dump crap altcoins because liquidity is very low there. Every time you place a limit order, bots repeatedly move orders 1 satoshi (or similar) above you, and since there is no liquidity/movement, your order never gets filled. I stick to BTC-E.

I hate to call you out, but the "Chat Box, Whales and Pumpers" _are_ what moves the coins on an exchange on any given day.  Same as any non-news day on the stock exchange.

LTC has a solid technical difference from BTC, and it has the second largest support infrastructure.  What would cause that, realistically, to change?  Alt-coins, with few exceptions, are clones of BTC or LTC.  Most merchants accept BTC and LTC now, I can't see them wanting to accept 50 different types, even if a payment gateway automates the process.

I'm not dissuaded by troll boxes because I spend my spare time watching what type of actual support is building from merchants and services.  These aspects of any crypto-coin are tenfold more important than the movement of exchanges, and will ultimately reveal what coins become mainstream.  So many of these coins were created to trade, or for fun or as a proof of concept.  I'm all for that, but LTC has services, merchants and uses outside the exchanges--unlike almost any other coin in my portfolio.

Can anyone confirm to me at $0.10/kWh if mining LTC is starting to get to close to unprofitable?

I like RS' new MCXnow exchange, but there are a number to choose from.  I list the main exchanges on http://weuselitecoins.com/trading/.

The development team for LTC does seem to be active, they are putting together a foundation, and have an actual roadmap.  Who knows how it will all pan out?  LTC has just as good of a chance as any other the others, and the second largest network of miners, merchants and developers.

If you trade Alts all day...
And keep an eye on the Chat Box, Whales, and Pumpers...
You get the best information on what's moving coins.

IMO, in terms of LTC:

(1)  BTC up... Alts down (it's the same money flowing).

(2)  Traders rarely talk of pumping LTC... just how dull it is.

(3)  LTC is no longer Locked at #2...   
LTC $40,000,000... rest of Alt Space $20,000,000...
Some coins will take a serious run at LTC in the next 6 months.

What was that $20 million 6 months ago? It was tiny... maybe 10% of that.

When, not if, Alt Space grows from $20 million to $100 million (maybe 6-12 months)...
You will see a lot of quality coins bunched together and jockeying for position.

(4)  I doubt that Gox matters at all...
When you have BTC-e, MCX, and Cryptsy... plus new exchanges in the pipeline.

Gox is just a desperate straw LTC bag-holders are grasping.

https://bitcointalksearch.org/topic/before-the-next-big-rise-i-just-wanted-to-get-my-two-cents-in-53949

i agree with much of this. with btc's bull run, people want out of most alts anyway to ride the bull. plus, the many pump and dumps based on mt gox rumors eventually fizzled out -- many finally dumped for good, thinking that since so much time has passed and hype died down, that potential gains aren't that big even if if goes to gox.

i recomend cryptsy.com

is year always alt coins normal official and real exchanges stable rate % fee

Usually btc-e, but you can also try asking in the alt-coin trade part here

Where are the best places to purchase or otherwise obtain litecoin?

Litecoin market cap is several times bigger than all of the other alt coins put together. It's also known in the wider community as the 'number 2 coin' behind Bitcoin. Then there is it's active development team - see the six month development road plan here http://www.reddit.com/r/litecoin/comments/1o3fdz/we_are_the_litecoin_dev_team_ama/ccr2my7. Also factor in that Litecoin gets lots of media mentions off the back of Bitcoin and has had a ton more media exposure than any other alt coin. Litecoin also has Coblee the one of the developers, who is very well connected in the crypto community (connections make things happen more than anything)... he works for Coinbase and his brother is CEO of btcchina the third largest bitcoin exchange atm.

Remember, Litecoin made huge gains from 5 cents when Bitcoin bubbled upwards. Imo Bitcoin is thinking about bubbling again... that will bring fresh money in and they will feel like they've missed the boat until they do five minutes research and find out that the second most popular coin is less than 2 dollars and has been confirmed by mark karpeles mtgox ceo as going on mtgox when their new trading engine is complete.

As for the loss in alt value, it's people selling their alts to buy Bitcoin and ride the Bitcoin bubble back up again. Trust me the time to buy is when the currency slowly fades in value. When the trend reverses, it will spike very quickly.

There is a loss of confidence because gox didn't happen, people are waitng from April I think. Also there is that thing where a lot of miners are hoarding LTC with the idea that they will all earn huge amounts of money. And when there are a lot of people that know a "trick" to make money, it stops being a trick anymore