Bitcoin Forum

I'm hedged and believe in both BTC and LTC, but check out this new article about Litecoin: https://atriark.com/blog/litecoin-become-best-investment-2015/

For the past 2 years my wealthy Bitcoin elitist buddies had been making fun of me for holding some Litecoin and told me that there can only be Bitcoin, but LTC is looking promising. 

Since people still have to buy BTC to get to LTC this could actually be a good thing for BTC.

neat read, I also have a few dozen litecoins lying around, but wouldnt hurt to buy a few more using btc, hope itll pay off in the coming months :)

well litecoin could actually go back up to 10 usd no problem is part of the top 5 coins, back when it was .90 cents i saw it has a good investment and today i sit happy to see is moving up, this type of coins with so much history take time.

litecoin very spesial in first launch rate very high then some miner dump it very low
after it miner and whales buy back her Litecoin more than he sell and with low cost

now accumulation is finish, and whales cooperate with same media, news to give good news about litecoin

I think litecoin is Best investment if you buy in accumulation rate, not in high line like now

Well i wouldn't buy now there was a big pump to 4 usd it might go back to 2.8 or so before it goes up even more, a lot of people got back in when it broke 1.5 usd or so.

i buy at price 25.77 CNY/ 4.15$ some minute ago and i want to hold it
i trust litecoin will be up to 5$ :)
http://prntscr.com/7nsz8j

i admit that litecoin had a pretty nice month for its price and made many investors that had started early when the price was low and it showed some movements. but i don't see it as a long term investment.

litecoin has a block halving on the way which is contributing to its price rise besides there was the bitcoin price stability for some time and also the recent price rise which also contributed to the litecoin pump.

Litecoin was $10 a year ago...you sure it's "due for a rise"?

A lot of interesting points here. Do people really think the hard fork is causing people to turn away from Bitcoin? This seems plausible in theory and not in reality.

But alas, it will never be independent of it's father.
Litecoin will always ride on the coat tails.
As soon as bitcoin goes down it will go down.

some of whales altcoin now leave bittrex and poloniex and they are seriously to push litecoin market :)

Litecoin got pumped by a single entity.

That entity could have been an exchange, a mining rig manufacturer - who knows who and who knows why.

If you don't know why you're buying or are just buying because it got "pumped" then you'll just get burned, and deservedly so.

It was a step rise (note: not "steep" but "step") and at that, a pale shadow of the November 2013 one. The best you can expect therefore is a gradual decline instead of a step fall.

Compared to the November 2013 pump, it's already starting to tip over and has nowhere near the volume.

https://i.imgur.com/lr0DRTx.png

It's hard to agree with your statement at this very moment. Litecoin has already reached pre-rally prices and with the halving event coming up in less than 60 days it should be up trending from here. My guess is that panic buying will ensue two weeks out from the actual Litecoin halving event. As to whether it maintains it's price after that day is another story, but I'm extremely confident that this will be a nice bull run.

i think there are a lot of reasons for litecoin being pumped right now.

the biggest reason in my opinion is the fact that bitcoin market was stable for a long time and the price was going down or stayed at stable price. so a lot of traders went for a bigger profit and started pumping litecoin.

additionally litecoin's block reward halving is another push for this pump.

you never no what is going with litecoin

i choose ltc over scam coins paycoin, startcoin, monero, dass(digital ass) or shadowscam anytime.

scam coin = promises everything, offer nothing and have nothing beside copy/paste wallet

Litecoin moves with bitcoin so if bitcoin goes up so will litecoin. everyone knows this...everyone!

Please explain
https://i.imgur.com/P8H9Lrj.png


https://i.imgur.com/V3tkFiS.png

There have been numerous "dead coins" that have been pumped over the last month. Sometime's they didn't even have a dev, like Fedoracoin and Mintcoin. Even Tickets got pumped, and the Tickets network isn't even working. It doesn't seem to matter if a coin is any good or not, for some unknown reason certain coins are getting pumped.

Litecoin's certainly not a "dead coin", but there may be no reason it's getting pumped, it just is.

I agree.  But imo it's partly thanks to Andresen's XT and how Hearn plans to make it the main chain.  Some people are looking to hedge their positions and LTC is the safest most practical bet.

I m holding mostly LTC now with some BTC and a little Cannabiscoin (of course!). ;D

But I'm looking to get into Cannabiscoins more, but we'll see.  I've been posting at their thread but the devs/crew there doesn't seem to respond much.

Litecoin price lifted up again today. It seems the bubble is going to be very heavy. I think for now buy is the worst decision that someone can make.

Litecoin is going crazy. I kinda regret messing up with my litecoins earlier this year. Oh well...

The past days I have been buying and selling litecoins, everytime I thought I should wait it out before I put in too much and have to sell with a loss, but to my surprise it keeps on going. This bubble has to burst sometime soon, so I will stop at it for now and see what will happen. Made some profit but not much, do not care to lose much, so that is inherent, invest small win small, but winning it is :)

For me it already is the best 2015 investment, I have been holding and buying litecoin all year, now the question is when to cash out.

I'll hold a bit longer. :)

Ltc already pumped,wish i bought at 0.006btc

You got the point, I guess the exchange maybe is OKCOIN as their have the highest volum.
If people noticed that the trading volume of LTC in Jul, 8 have more than 34M, that's got be kidding.

True when LTC bubble bursts a lot of people will get burned catching a falling knife

I think LTC will reach $8-9...then is the hardcore dump coming :)

I do not own LTC so am not biased either way.

I see no reason to assume that just one party was behind the recent "pump"

Some people have concerns with BTC right now and are seeking to hedge/diversify. LTC seems like one of the most viable options at the moment (hash rate, merchant adoption, etc). 

People been saying "it is a bad time to buy" when it first hit $3, then $4, $5, $6, now its $7.

The time to buy in is now, not when its > $10.

My point is say you bought 100 LTC when it was $3, so $300 investment. If it went down to $2, you would have lost $100. Now it is $7 so you would have already more than doubled your money.

Waiting around debating as each day passes, LTC rises a bit more, and your risk becomes greater and potential reward becomes less. Right now that same $300 investment will only get you ~40 LTC and the likelihood of doubling you money decreases with each passing day. While people who got on early have already locked in the doubling of their investment and are now looking for 3x, 4x profits. As far as risk, buying now and having it crash to $2 you would lose most of your money. This is my point of the reward prospects are decreasing while the risk is increasing.

I don't think it is too late for more up, but now is the time to act and not when its $5, $10, or even $20 higher. Think of the people who waited until it was $40 last time to buy in....

I do own LTC but agree with your analysis. The market is more complicated now than one group or person playing a huge influence. I expect the BTC discussions are indeed impacting the price somewhat, as LTC is considered somewhat safe amongst the many alts out there. Also the upcoming LTC block reward halving is certainly influencing the recent rise. I seen in another thread where someone in China is also pumping LTC. I am sure each of these events is playing a role as well as many others we are not currently aware of.

But there are higher places to go for LTC. We remember it went up from 2$ to 50$, so why not now it repeat that again?


You can still buy. It's less than 10$, means coins are still cheap. We have +45 days for block halving.

I think that LTC hit $10 again very soon....

What a day for LTC. It's nearly 9 AM Beijing time now...Chinese markets are just about to open. Wonder what they will do to the price!?  ;D

sell all their real estate shares which lost 30% in the past and go all-in with Litecoin?  ;D

Why Litecoin Could Become the Best Investment of 2015?   Because it hit $15 at December of this year.

Really strange.
Litecoin seems to be going through the roof while Bitcoin has been flattish.

Do not underestimate BTC  because it is look like  to a volcano. Anytime it can erupt.

I don't own much LTC but it's already up to $8. It may reach $15 by August at current rate me think. ;D

Nevermind if it's pumped or not... it's good for short term trading now, do your profit soon! :)

Told you bros, I don't think its even close to stoping either. For reasons.

There'
Yup. These discussions will continue.

New coblee tweet:


funny guy  ;)

I bought ~9.5 LTC a long back for ~$1.8 each and now its hovering around $7.5-$*
I didnt mean to make money here but I just wanted to hold on to a dozen or so LTC, and it turned out to be great, and it seems like due to the block halving, the price is going up(I'm not really sure whether this is the reason).

If they're serious, they should wait and see where it settles now that the bubble's popped.

Last few weeks have been really exciting with litecoin, today I check exchange rate at 8:30 am, it was really good, thought of caching out some litecoin, but had to wait until lunch, at 11:00 am checked exchange rate and there was a big dump, now it's up again.

Gotta love volatility!

if you buy one month ago and sell today, then yes, litcoin is the best investment.
but if you buy now and sell it after month, it will the worst investment in this year.

Except its not the best investment...considering its crashing like mad now. Thanks to the fucking tard who had millions and decided to pump n dump everyone

Holding up well all things considered. You don't really want single powers having millions of the supply anyway. Good that he dumped out. Could have waited a little longer though to do so. Always seems strange to dump out like that unless you want to scare and get back in lower.

I like doge and ltc this year.

In light of the fact that bitcoin is having confirmation slowdowns because of transaction/spamming issues, litecoin is going to have some real staying power after this pump.

Not saying ltc will ever replace btc, but it is a valid replacement should the need arise. And Coblee, litecoins Dev, solved the tx/spam issue years ago.

And now it is on $ 5.37. Pump and Dump, Pump Pump and Dump, Dump Dump and Pump, Dump Dump and Dump. Pump Pump and Pump. ;D    

Hahaha, l like the way you wrote "dump, dump, dump"
Anyway, these P&D's might as well be playing a game with small scale traders, the price drop might  result in panic selling and th ere P&D's might  buy them again low and  pump again :p(I'm just imagining, no proof :p)

Get ready for the next pump.

This time we'll start at $4.50 instead of $1.50

once the buys orders start building up is when the next dump will happen.... you all have been warned!

It will not be a real one. Unless bitcoin starts dumping.

0.0159

good price to buy? It was around this price before pump happened so you think this is the end of dump and may be beginning of normal course or next pump?

pump started at around 0.007
shake out happened around. 0.012
then another pump to 0.03

back to 0.015 now i think it will lower as fools who bought at top try to reduce losses

not in my opinion.

good price would be under 0.0151 - 0.0141 and 0.121
so better split your order to reduce risk, never go allin.
Agood way would be a order ladder like this
30%  0.0151
10% 0.0141
10% 0.0131
10% 0.0121
10% 0.0111
10% 0.0101
10% 0.0091
10% 0.0081

Its very unlikely that the price will go so deep down, but when it happens you are gettin a average price of ~0.0123
So you are limited in risk since the Price is only 0.062 points away from the longtime low and its not hard
to recover from this Place.
On the other hand when the price retraces from 0.014 upward you are 40% in with 0.01485 avg Price.

Anyway try to learn how decide for yourself. Too much fanboys on this forum.
Even a SR or Hero status doesn't mean it's always a good advise  ;D

greetings

That's the wisest approach. In this sad old world, the only people who buy at the low are: a) people who bought a flatlining coin and waited a looong time for it to wake up; b) plumb lucky.

at 216 usd elec a month I make 450 coin....or after the halving it will be 225 of LTC.. so I kinda pre-paid with the old charge card(s)  etc (and lucky 2nd titan) into mining ..not putting any cash in now ...just paying for past 'newbie' somewhat 'dubious' choices

but I take your point...i jumped in with an anvil and now am
kinda surprised I escaped its 'clutches' and have bobbed to the surface (occasionally I hallucinate and see a yacht :)

right now the pump and subsequent dump does not worry me...( I LIE :) )

My current (whim of an assumption it changes moment to moment) ....is after halving when all settles down it will be (imho I know squat remember)  $4 LTC again and BTC hell will probably be 400 usdby the end of the year for BTC too boot. (yea verily the LTC to BTC pattern continues) :)

What does worry me is ...will LTC survive as it has in its Yoshi like tag along manner to btc's Mario up and past the BTC halving next year in 2016?
 
If so how much LTC should I hold for the coat tail hanging BTC rocket at that point?

comments..am I just crazy (likely)

(don't beat me up too bad if I am as dim witted as you suspect you might hurt my feelings) :( er never mind i have no 'ego' anymore after 2 years in crypto. :)