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Title: why LTC isn't following BTC price? Post by: kaykawa on July 10, 2015, 07:58:38 PM BTC is going up... ltc down... why?
Last week both coin were going up. ??? Title: Re: why LTC isn't following BTC price? Post by: relm9 on July 10, 2015, 08:15:05 PM Simple, the market is not seeing any value in LTC. It's just being used as a way to siphon off BTC from suckers, as evidenced by the latest pump and dump. LTC faithful kept saying it would go to the moon yesterday and today we are seeing a massive 50% drop. Anyone that bought in yesterday got wrecked. I tried to warn people...
Also, I got out when I heard it wasn't ASIC resistant anymore. Wasn't that the whole point about LTC? Sure it has some other tweaks, but ultimately isn't much different from BTC. Title: Re: why LTC isn't following BTC price? Post by: markm on July 10, 2015, 08:50:00 PM DOGE showed how insanely vulnerable/weak Litecoin was... So pathetically weak hashing power that just some stupid internet-meme could whip up more hashing power than Litecoin had almost overnight!
After seeing that, who wants to wait for the next meme to come along happening to say "lets trash all the scrypt coins, its easy to beat their pathetic hashing power, lets do it!" -MarkM- Title: Re: why LTC isn't following BTC price? Post by: Nxtblg on July 10, 2015, 09:24:48 PM BTC is going up... ltc down... why? Last week both coin were going up. ??? They're different markets. Try watching each one's rate of change: that'll make the difference clear. Title: Re: why LTC isn't following BTC price? Post by: bit1 on July 11, 2015, 12:14:22 AM For a reason very simple,
It look that was a quick pump only, Is more easy pump LTC than BTC.And BTC is more steady. Title: Re: why LTC isn't following BTC price? Post by: El Dude on July 11, 2015, 01:13:24 AM DOGE showed how insanely vulnerable/weak Litecoin was... So pathetically weak hashing power that just some stupid internet-meme could whip up more hashing power than Litecoin had almost overnight! After seeing that, who wants to wait for the next meme to come along happening to say "lets trash all the scrypt coins, its easy to beat their pathetic hashing power, lets do it!" -MarkM- you forgot the rest of the story , the part where everyone stoped mining doge and it almost got 51% attacked and they had to merge mine with LTC to survive. Title: Re: why LTC isn't following BTC price? Post by: spartak_t on July 11, 2015, 01:25:54 AM You guys should watch entire market, not just BTC or LTC. Peercoin, Namecoin, Novacoin and Primecoin were pumped and dumped too. About 5-6 hours ago I've also read that Dash is going to be pumped and now this is a fact. I wonder which coins will be next, but I must say that I strongly believe in LTC. Today (well... here is now yesterday) I've accumulated about 42 LTC following the waves on Bittrex with 4-5 BTC. I coulda did a lot better, but that doesn't matter....
Title: Re: why LTC isn't following BTC price? Post by: X68N on July 11, 2015, 09:02:04 AM people just panic, the dump was over at 0.020, so no reason to go down further.
But the majority fears and follows the herd, drove the Price more down. Another explanaition is trend continuation. So now is a good opportunity to buy in every day LTC falls. The people who missed the train could enter with a scalin in apporoach, but that's only for people with some sort of experience. Disclaimer: dont buy any coin if you'ar a newbie :) Title: Re: why LTC isn't following BTC price? Post by: K210 on July 11, 2015, 09:06:38 AM What we are seeing now is a correction, LTC was never really worth 0.03BTC in the first place, i would place its real value in between 0.01 - 0.015.
Title: Re: why LTC isn't following BTC price? Post by: X68N on July 11, 2015, 09:19:52 AM i would explain it with cycles. as i showed upin this post:
You can see that the rising cyles got shorter and shorter until the price was shouting for a correction ;) https://bitcointalk.org/index.php?topic=1113395.msg11831737#msg11831737 Title: Re: why LTC isn't following BTC price? Post by: kelsey on July 11, 2015, 10:31:48 AM ltc/btc should be corrected to 0.25 and will be soon enough, even better with the current crap going on with ol clown boy and his crew.
What we are seeing now is a correction, LTC was never really worth 0.03BTC in the first place, i would place its real value in between 0.01 - 0.015. Title: Re: why LTC isn't following BTC price? Post by: spartak_t on July 11, 2015, 12:00:31 PM I think it will settle @ 0.02 very soon. It is still recovering from the dump, but I think it will manage to do it.
Title: Re: why LTC isn't following BTC price? Post by: Nxtblg on July 11, 2015, 12:14:58 PM What we are seeing now is a correction, LTC was never really worth 0.03BTC in the first place, i would place its real value in between 0.01 - 0.015. 0.01 - 0.015 is in line with its long-term ratio too. Title: Re: why LTC isn't following BTC price? Post by: reb0rn21 on July 11, 2015, 03:30:41 PM DOGE showed how insanely vulnerable/weak Litecoin was... So pathetically weak hashing power that just some stupid internet-meme could whip up more hashing power than Litecoin had almost overnight! After seeing that, who wants to wait for the next meme to come along happening to say "lets trash all the scrypt coins, its easy to beat their pathetic hashing power, lets do it!" -MarkM- Or you just stupid and lie because of that or you are just one hater and retard? Doge had never more hashing power then LTC, in a week i had a lot part of LTC mining power just due huge marketing and pump on doge which fall on his butt soon, doge is now merged mined to litecoin network because its only way for doge to survive! |