Bitcoin Forum

Why? Because of inflation problem and bad wealth distribution aswell as 20MB fork FUD. The goofy Gavin is fudding his own Visa-coin. Code is like from ancient times. There are better coins now which will take a large part of its capital in the future. Seeing Litecoin rise to 0.1 BTC price and beyond and possibly grow bigger than Bitcoin due to better distribution of wealth and thus better networkeffect will leave several people baffled. Don't be caught off guard. It is still time to realize you have been brainwashed by the early adopters into thinking this shitcoin will be worth 10k$ and more in the future while it's actually a mathematical impossibility due to problems that arise from the fundamental metrics of high inflation and really bad reward structure.

Bitcoin is going nowhere and the sooner we realize this and seek answers where it failed the better it'll be for crypto. It's time to embrace altcoins. Money flows where opportunity for profits are. That's just a basic law.
Evolution can not be stopped. Don't fight the trend and hedge possibly with some other cryptocurrencies for a possible bitcoin default.
Crypto is here to stay but time to admit we have been mislead by a cult-like community.

Bitcoin is a nightmare in energy consumption so letting it go for more energy efficient alternatives is actually doing the planet a favour.
Bitcoin needs to be seen as a lesson learned not only about the tech but also about ourselves. It was just a prototype and surely won't die so fast but i think it'll just continue with its usual slow decline for a lot longer and i'm not so sure the halving will change that persistently.
Looking back on the last one year chart one would have to admit something went wrong here. It'll be clearer later when price is lower.

I wish everyone good luck.

the only reason this could be true is because of the upcoming block halving, but it's a transitory and momentaneous thing, don't ride too much that wave...

Litecoin block halving is still more than 90 days away. Do you think it is already influencing the price now? Let's hope litecoin regains some of its glory, around 10 usd would be nice!

Litecoin halving is still approx. 3 Months away. What we are seeing has nothing to do with the halving. It has to do with oversold conditions and rock bottom prices. From rock bottom it's easy to rise. From rock bottom it can per definition only go up. Sellside on exchanges was so thin everyone could have spiked LTC 15% up with just 500$

Bitcoin has never arrived at rock bottom and people are actually afraid of the event of Bitcoin hitting rock bottom. Some alts have been there last year already. Alts are good to go up from here. They have hit their definate rock bottom price. Bitcoin still has some way to the bottom. Remember: we are still in accumulation phase and the built in high inflation just makes sure it's going nowhere but that issue has been discussed here many times already.

Bitcoin is quite old now and has so many problems. Starting with slow and small blocks, hardfork turnoff, drugmoney/pedophile/mafia-status in the public image, user unfriendlyness, large blockchain, high inflation, bad distribution, bad actors, bad foundation, high electricity consumption ... and the list goes on!

Litecoin is still a virgin and so are many other coins. And they come with smaller chains, better distribution, faster blocks, smaller cap and thus more opportunity to profit from pumping it and so on and so forth.
Really bitcoin is just a bunch of problems and alts are just a bunch of solutions.

The only unfortunate thing was this cult like pumping and promising noobs 1 million for a coin and megalomaniacing about 'all transactions worldwide' and so on. It just went all a bit too far. Even so for as to try to sabotage progress and work against decentralisation ideals (the thing that made it big in the first place).

Time to move on i think and become an early adopter of another promising cryptocurrency project. Don't fall in love with your investement. Especially not when it's only going downhill.  

More diversity in the space won't hurt anyone. The bitcoin fetish is also not rational or because people actually "support the tech". It's just greedy cult behaviour created by baghold. Time to evolve.

Litecoin is going to pump very easy from here and soon will have as much volume or more than bitcoin. The halving will come just in time to shoot LTC very far up. Probably it also won't stick longterm cuz it'll have similar problems but at least the pump will open a lot of options for a more diverse and innovative landscape aswell as some long lasting profit opportunities and many startups again with higher quality.

It was really foolish to believe Bitcoin would be the one and working out on first try. Let's be realist now.

this is not correct or at least isn't certain, because for doge was the same, the halving was still far away(not 3 months but 1-2) and the price start to climb already, it's not like the price it is waiting the exact moment of the halving to start to climb, it doesn't work in this way

The halving causes a fundamental change in the coin.  It causes less downward pressure and this will cause less selling pressure over time.

Fundamentally halvings take awhile for things to change.  (just half the reward for 1 block isn't that much of a difference.  Half the reward for 1000 blocks is more significant)

But, this is known to happen in the future.  People buy now because they know fundamentally there may be more value in the future.  Price is based on future value.

Now we don't know whether this 30% rise might be an overshoot.  And maybe even after the block halving counted in, the price may be too high.  But Litecoin may also be undervalued.

So yes the price will start to climb before the halving.

Also some people might think these price shifts are temporary but the fundamental change is long term.

I think in the case of Dogecoin it is slightly different.  Dogecoin had a ton of halvings very quickly.  Dogecoin had a price that was unsustainable and just because there was a halving doesn't mean the price needs to go up.

I think the case with Litecoin is a lot more special.  Litecoin has a significant market cap and it is a mature coin.  And halvings don't come often.

I think you should look at your charts again

Its intresting to see how a alt coin can be up, and bitcoin can be down.

Like that itself is so wrong in all levels, esp when bitcoin was the foundation for all these alt coins. If bitcoin goes down, theres no value for litecoin imo.

Bitcoin is and will be the one and working out on first try. Now back to the topic..

I was so far from the alternate currencies and now that we talk about litecoin, 1.8 dollars per coin? Really? I remember old times buying at 12 selling at 17-20, damn, so grateful I sold them all before. Anyway, Now it's definitely good time for buying some, seems so pumpable. Just in case..

Well, I'm glad I got rid of almost all my alts.
You could say I was some sort of a bag holder.
Now I'm 97% btc, selling the remaining alts before the end of the year.

LTC halving was in calculated in LTC price months ago. You cant expect no one know it will happen. And all of a sudden they will be surprised. What happened, when mining we get half less LTC, lets raise price a bit or we cant pay electricity anymore.

Don't start crying but you are wrong. Any coin can be basecurrency and if Bitcoin is discarded there will be another coin for basecurrency. So please don't whine.

Ofcourse it can. If btc price drops and alt ysd vallue remains the same, alt btc value will be increased when btc value goes down.

im not too familiar, but shouldnt any alt currency end up being like doge coin.

where theres more coins with lesser value, etc. I remember at one point it was actually high and used to buy a burger.

Doge coin has nothing new, it's only a copy of another coin with a different name and logo. A small percentage of alt coins have new technology not seen in previous alt coins. That new technology might stop them ending up being like doge coin.

Lite coin was originally asic mining resistant, which gave it an edge over bitcoin, but now there are asics for mining litecoin and it has lost its edge over bitcoin.

Looks like a breakout is on the verge of happening for litecoin so those interested in making some extra coin should consider adjusting their ports appropriately.

Yeah Litecoin breakout seems possible.

About doge: it has just the edge in marketing
About asic resistance: look at Vertcoin and you know it. Vert is going to go much higher than this imo.
I think VTC could even have potential for rising up to bitcoins' ranks and challenge it directly because it has just the more decentral network.

Most of those alt coins are usually an act of a penny stock.

Always pump and dump, and having a sucker to buy in a large amount way overpriced, and hoping like a IPO to go off for that Alt coin.

This next pump coming to ltc is beyond that. Too much support will see this leg up and it will be like no IPO. I'd get on board prior to the
WOWz, your choice.

LTC is blocked by sellwall on 0.008 on btc-e. Might correct down one more time. If you want in, buy it down there. The wall will be eaten but probably not today.

Buy, hold, wait.

good advice actually

But once 0.008 falls, clear skies.

The market for LTC is dead right now.  The market is thin, and volume is still nearly non-existent.  So a single whale can play all they want without fear.  They can pump one day, wait for a few weeks, and then slowly sell off or simply dump back down all at once without any real risk or loss.

Don't trust the LTC market until you see some real heavy and consistent volume coming in.  Period.

Halving date?

Approximately 90 days.

http://www.litecoinblockhalf.com/

Aww wth. I put .5 btc in today. Lets see what 4 months brings.. ;D

1.6 million dollars last 24hours is non-existant volume?
.. ah right, i forgot anyone can write anything on these boards ...  ::)

isn't this like entering a long investment ponzi? i can't see much of difference same chance of losing your money, it is not really advisable

90 days goes by real fast i should think we'll see LTC into the $3 mark again provided bitcoin doesnt dip.  You remember when the block halving did to bitcoin this cant be totally overlooked in the litecoin economy.

Manipulation is the answer.
It happened with doge and other coins.

Pump the price until the halving time, and dump right after the halving to lower levels than before



(I might get some LTC since there are still some months until the halvings)

Litecoin touts itself as the silver to Bitcoin's gold. I truly hope it does prosper and work in tandem with the Bitcoin economy.

check btc-e 40k ltc buy wall

Probably a good investment now.  is ready to halve its rewards which is convincing many to invest heavily now

Remarkable accumulations in the middle of this month as well. If the first SFARDS chips are largely allocated to LTC via private investments, we could see a shift in miner philosophy to not immediately dump in attempts to ROI (because the don't have to, big China pet projects) and operate at a "loss" until the availability of new coins on the market dries up and the price goes bananas. Of course I'm bullish, and likely the real influence of the halving won't be realized in the immediate future.

I'm mining up through the halving just because the upside to selling off the hardware with huge price gains is greater than the downside IMO. Especially if BTC can stay suppressed over the next couple of months.

i remember the old days... mining with my HD7770 ... 1 ltc $11 usd
 ::)

LTC is looking great.
Four consecutive green weekly candles.

The 200-week MA is at 2.14 and falling.
We will test it in the next week or two.

While I believe Bitcoin will always be around and in the top 3-4 coins, you can't dismiss Litecoin. Below I will breakdown many of the reasons I'm partly hedged in LTC.

Irrefutable Breakdown:

- The LTC founder announced the coin in a fair manner back in 2011 after many were aware of the technology and potential.Whereas Satoshi may have announced Bitcoin, but no one knew of the potential so he was able to accumulate a million BTC without any real competition. This makes for a more fair distribution of the LTC network rather than exponentially enriching a small few.

- Many diehard Bitcoiners dismiss Litecoin as simply a clone with a few tweaks. While this may be true, the LTC founder had the luxury of observing BTC in action and was able to make a couple beneficial tweaks. One being the that the confirmation times were too conservative and two, upping the supply so that it could be more abundant. In addition, he had the foresight of avoiding the issue of competing for Bitcoin miners so he changed the algo from Sha-256 to Scrypt.

- Considering that Litecoin is a completely independent network (extremely similar to Bitcoin) secured by a different algo, anyone interested in BTC can hedge their risk of also being in LTC. A good analogy would be keeping all your money in one bank instead of two or three. Another analogy would be that there are 4 major credit card providers and not just one. This could hold true for crypto or at the very least the duality we see with Coke vs Pepsi, Walmart vs Target, McDonalds vs Burger King ... etc etc. 

- Face to face transactions based on my own experience with Bitcoin have proven to be frustrating. I know you don't technically have to wait for a first confirmation, but in doing so I've experienced a wait time greater than 10 min and up to 40 min. Without the use of third parties facilitating the transaction I'm sure many have had this same issue at least once. As an experiment, I tested this with Litecoin and while still not as fast as I'd like it to be, it was a much more enjoyable experience.

- Doge which has the potential to become another popular coin is scrypt merged mined with LTC for security reasons. This means brand exposure and adoption of Doge could inadvertently bring additional exposure to LTC. In addition, LTC (along with BTC) is a deflationary currency/asset while Doge is an inflationary currency/asset which could bring about a good synergy in the future.

- Charles Lee (or Coblee) is a well-known founder in the crypto community whereas Satoshi is anonymous. Coblee is very consistent about attending as many crypto-related events as possible which help furthers LTC exposure/adoption.

- Charles also currently works as the engineering manager at Coinbase which could arguably be considered the biggest BTC corporation in the US. Coblee has made the claim that he will eventually (when it's the right time) push for LTC adoption at Coinbase. Coblee also has a brother named Bobby Lee who works as the CEO of BTCChina which is arguably the biggest BTC corporation in China. Despite BTCChina already supporting LTC I would assume it will always be supported since they're brothers.

- The Bitcoin image in 2013 was definitely tarnished thanks to the MtGox fiasco along with other prior bad associations such as drugs, hacking, and money laundering. I polled several friends/family and asked, "Have you heard of Bitcoin? What do you think of it?" and the responses were alarming. "Bitcoin? you mean the internet money thing that the CEO hacked so he could steal everyone's funds?" Granted, that's not what happened, but people don't understand this technology and may have misinterpreted the news. I'm still patiently waiting for Bitcoin to recover, but when I asked about Litecoin they didn't know what that was (fresh brand with no negative associations).

- I could go on, but I've got to go so I'll stop there.

Holding my LTC. I think that $10 would quickly transition to $100.

You are point out an interesting point. But i think Bitcoin halving next year will avoid the thesis.

fontas is back! lukz

Yeah, and apparently he's Chef Ramsey now.  Lol.

obviously he has always been Chef Ramsey. duh

Bitcoin will always be here. Litcoin should pump up good though.  8)

Bad luck for me i have sold in December my last 500 LTC and exchanged it for BTC