Bitcoin Forum

Figured I would start a separate thread...
EDIT: Updated with link to the charts: http://www.cryptocoincharts.info/ (http://www.cryptocoincharts.info/)
LTC/USD
http://anonymouse.org/cgi-bin/anon-www.cgi/http://anonymouse.org/cgi-bin/anon-www.cgi/http://anonymouse.org/cgi-bin/anon-www.cgi/http://img855.imageshack.us/img855/16/btce2013310.jpg (http://imageshack.us/photo/my-images/855/btce2013310.jpg/)
LTC/BTC
http://anonymouse.org/cgi-bin/anon-www.cgi/http://img138.imageshack.us/img138/7356/btcebtc2013310.jpg (http://imageshack.us/photo/my-images/138/btcebtc2013310.jpg/)

Although I am sure other people will complain... I support this.

Also, where did you generate that plot?

*Buys LTC*

where do you get that chart?

Looking good, I'm in.

Regarding these figures:

LTC/USD
Ask orders: 189,333 LTC
Bid orders: $18,683

LTC/BTC
Ask orders: 712,591 LTC
Bid orders: 1521 BTC ($69,966)


Don't you think that a Wall observer on the LTC/BTC is more revelant and judicious?

Nice chart

http://uppix.net/d/4/9/d267c314fca6f8e7ab89e64bb3ce0.jpg (http://uppix.net/d/4/9/d267c314fca6f8e7ab89e64bb3ce0.html)

what a rally today: last price 0.00745


0.008 to 0.0087 has almost no ask.

This should be in the alternate cryptocurrency board

Adam, welcome to the party :)

What is missing is the price in the depth chart.

I dont see a problem with this thread and its placement in speculation forum here.

It does include Bitcoin....LTC/BTC.

So it is relevant.

 :D

I agree, it should have a current price.

Does anyone know who owns cryptocoincharts.com?

Perhaps they can add the price in the depth graph.

LTC is the future!

FTFY  ;D

Transactions are 4x faster for one.

They can invent a thousand good reasons.
To me, they missed the beginning of bitcoins, so they want to be early adopter of something







IN ! because i want to be early adopter

I tried using this site...do you have to pay?

I like their charts.  :D

Kinda hilarious when the same thing can be said about bitcoin. Being first on the internet? Ask myspace how that turned out. What happens when all the gpu miners start deciding that litecoin seems pretty good and their userbase goes up 10 times over the next few months? The price breaks a dollar a year later, they start trading goods and services for it, etc etc etc

Bitcoin might be the first but since open source... Current momentum is what it has going for it. Open source has a tendency to fork and original source/devs/binaries/etc gets left behind. We see it happening all the time in the oss world. Some day a few main devs might get into a pissing match and jump ship for an alt coin.

Will be fun to watch whatever happens.

I think LTC could be very useful for moving funds quickly and easily between xchanges, in something other than B.

There are and will be other opportunities to be an early adopter in the VC world.

Well, LTC was invented for people who missed out on the BTC explosion.. Heck, it even said that on litecoin.org until recently..

But so far it's actually working!

For people who missed out on LTC, there's Nova coin.  Then, for people who miss out on Nova coin I've already created (and personally hold 100,000 units of) SuperCoin.  Of course, I'm working on MegaCoin for people who miss out on that.

Oh wait, this is all a terrible idea.

Charts people....charts... :D

You know who (http://forum.litecoin.net/index.php?action=profile;u=243) it is! ;)

So you cannot, with your imagination, ever dream of a scenario where an alt coin could actually succeed and get more users then bitcoin? Is that really so far fetched or does it conflict with your current dreams to become bitcoin wealthy?

------

Like the other chart thread stays on topic.:-)

I actually didnt.

But thanks for the info.

 :o
http://www.ltc-charts.com/orderbook.php?pair=ltc-usd&market=btc-e (http://www.ltc-charts.com/orderbook.php?pair=ltc-usd&market=btc-e)
http://anonymouse.org/cgi-bin/anon-www.cgi/http://anonymouse.org/cgi-bin/anon-www.cgi/http://img402.imageshack.us/img402/8249/ltcbtc201331011.jpg (http://imageshack.us/photo/my-images/402/ltcbtc201331011.jpg/)
http://img109.imageshack.us/img109/3995/ltcbtc201331012.jpg (http://imageshack.us/photo/my-images/109/ltcbtc201331012.jpg/)

Oh boy, everyone out of the pool... it's been contaminated  :D

The ask side makes me LOL. :D

Percentage wise, the ask side for btc on gox looks worse. If someones sell 60k btc the btc price will be 34. Quite the loloss.

Hit up to 0.0094btc.

0.01BTC will be a milestone

Can you buy anything with LTC?

I put this in another thread as well, but it fits here also:

If LTC rises faster than BTC at this time, it's a Tulip bubble. Trust me on this. People aren't really thinking it through, the rise is not based on anything else than technicals. I looked at LTC recently to see if I should diversify my Bitcoin holdings, but I came to the conclusion that there is absolutely nothing to see there. Litecoin is used exactly for 1 thing, mining new litecoins to either sell them for bitcoins or dollars, or to hoard them (which is is highly questionable since it's a Tulip bubble).

Nothing else whatsoever is going on in the Litecoin economy. The technology itself does not have any significant advantages to Bitcoin, making it near impossible for Litecoin to even slightly challenge the network effect of Bitcoin. So, again, you might see LTC price rise temporarily at a higher rate than BTC, but there is nothing real going on. The whole LTC economy is based on people mining new LTC's, it's a dead end loop.

I agree, I mine Litecoin to sell into Bitcoin. I find it amazing that Litecoin is increase against Bitcoin. Its good for profits. Do you think 1 Litecoin could be worth $1 though? If so I might hold onto all the Litecoins I am mining for that time, then convert into Bitcoin.

So you are all-knowing?

Most aren't releasing details of their LTC projects until they are 100% finished, unlike many bitcoin businesses....B.......F...........achooo........L.

Let's stay on topic. This is a wall movement tracker thread.

But this is on-topic, this is a thread about the price of LTC, and discussing the fundamentals and reason the price is exploading is important.

Those numbers mean something, I think its unfair to not let people speculate about the reasons behind the price in this thread.

The ltc economy isn't a closed loop!  Far from it, you can trade them 1 to 1 for Novacoin.

I paid smoothie for a blowjob with litecoins, and you can buy a big ugly silver bar with them too.

Smoothie said it was probably fake, but I told him not to talk with his mouth full.   :)

If the criteria for good software and good business is that it is 100% finished, then we would have no software and no business. Your a smart person smoothie and you must be able to see that the idea people will wait until their product (especially service/software products) are 100% is insane. The only products that approach 100% are civil projects such as buildings and bridges. Even military projects such as submarines and aircraft carriers are constantly getting better with each new ship.

There are few 100% finished products in the world. And no business or service can be 100%, how do you know 100% if you don't even have users?

If there is place for one cryptocurrency, there is/will have place for other ones.

The main value of Litecoin is that :

* it has a different encryption algorithm (so if you diversify your BTC assets, at least a part is safe to unexpected hack)
* block are mined every 2.5minutes (4x faster transactions)


if the market is enough liquid with (a) strong exchange platforms LTC/BTC, LTC can be used in specific applications (that we don't even know the existence now) and serve the bitcoin adoption.

RIP LTC thread
 :'( :'( :'(

How comes?

it was moved from /spec/ forum

I stand corrected.

100% meaning not pulling a "BFL"...if you know what I mean.

+1

Let the LTC journey begin gentlemen  :D :D

https://i.imgur.com/Ot6ugIA.png

Where did this chart come from ?

I paid 0.5 BTC for it for 3 months  ;)

http://btccharts.com/

Ok, this is good, I have a subscription there too. I didn't realise they did an LTC chart as well.

Haha very true, BFL is a big black mark on the Bitcoin historic timeline isn't it? I really wonder if they are even real and have ASICs?

yer just click on the bottom left white box for settings then click change market select BTC-e then select LTC/USD  ;)

Moved, seriously?  This is speculating is it not?  I am done posting here for a while and why I do not post most of the time.

Yeah its annoying, but I guess they don't want alt-coin speculation in the Bitcoin section.

 ;D http://forum.litecoin.net/ is only a tab away

My old laptops come back to life! Mining with 12 K hash/s, lawl.

the tulipers calling the tulipers etc etc

LTC as I see it has one huge advantage, gpu miners, and gpu cards are going to outstrip ASIC miners in thier power and rate of production and mass distribution, so gpu will find a much broader base, already, the centralisation of ASICS is a bad thing IMHO

this may have bee a flaw in BTC system

but then....something better may come out and take over LTC

...!

Also alot of people want to be early adopters so may just cash out of BTC to LTC so they can be and in the process it becomes a self fulfilling prophecy.....

Can't be an early adopter with latecoin. I mean litecoin.

one has to see the amusing aspects of how bitcoin cheerleaders bash other alt coins without really thinking through their arguments.
Sure some alt coins were pretty silly but litecoin seems to have the best chance at this moment in time.

i agree with gpu users being a much broader base but I do not understand the power aspect of it. you are comparing apples to oranges
when it comes to how each coin user's mine/algorithms. But in the end, dedicated asics, at least short to medium turn, puts all the
mining power into very few people's hands compared to today.

i for one, when I can no longer mine bitcoin with gpu, will probably just stop using bitcoin and move to something else where I do not
have to order asic gear from sketchy startup companies who are run by very odd people. The only reason I might still use btc at that
point is to sell an alt coin for btc to more easily sell it for usd. But that could change. I cannot possibly be the only one researching this.

you can right now relative to btc

For one? Anything else?...

I think the biggest driver for bitcoin economy are miners, now many of them have gone ASIC and leave a large group of GPU miners to go for LTC, the effect will be very interesting to see  :) :)

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

 :o

Different Hashing algorithm from Bitcoin's SHA256.

This separates Bitcoin ASICs from mining on Litecoin chain. Basically it is a fork in the road for miners and their hardware. Some may run asics on bitcoin and GPUs on litecoin for months to come.

Some might go one way or the other. The difference soon will be that those buying ASIC devices can't just switch mining to litecoin from bitcoin. They are locked in with an ASIC.

the more distributed a currency the stronger it is both in acceptance and power

 a few asic miners centralize the market, not so good, the asic miners maybe in the process of undercutting their own currency, by taking control of it all.

Also their needs to be a killer app to have decentralized exchanges agrigated p2p so getting in and out of fiat cannot be controlled by say gox and co at least until bitcoint can actually be used at the corner store

Knocking on the door to make another all time high...

Get ready to go UP.

0.46

0.47

I was going to buy 10K worth of Litecoin when it was 25 cents, looks like I missed the boat not hopping on now in case it decides to pop.

Smart move.  Put in your skunk bid at the $0.07 support level and sit tight until

https://i.imgur.com/Oe8Ixx4.jpg

Here is my thinking.


As LTC is a good alternative to store crypto wealth due to the different encryption (smart use to diversify the assets).
If LTC is enough liquid to BTC, btw there is a need of a more stable platform than the "mtgox" of LTC named BTC-e.


LTC is 4 times more abundant than BTC. (84M vs 21M)
LTC will have 1/10th of the popularity & use of Bitcoin (It include the use of LTC as storage by BTC user so I think it's a conservative assumption)


Based on these assumptions LTC can have a realistic value of 1/40th of the BTC.


BTC is currently ~48$
Divided by 4 due to LTC abundance ~12$
Divided by 10 due to LTC use/popularity (long term view) ~1.2$


LTC will easily hit 1.2$ in the near future (and go beyond) before a stabilisation around that value. Then LTC will evolve with the Bitcoin value.

This ^ +1

FYI, gold/silver ratio is about 55/1 right now.

Bitcoin has first mover advantage so the network effect comes into play; you can do 1000 times more things with BTC than LTC.

When the cryptocoin economy is semi-mature (5-10 years from now) I foresee total altcoin market cap oscillating around 20% of BTC's.

Litecoin will be half of that 20%, if it's lucky. 

An instant exchange service ("AltInstant?") is needed to make Litecoin, etc. transactions transparent to vendors, or market penetration will continue to lag.

Still not a bad hedge, especially when Bitcoin has a bad hair day, chain fork, or great collapsing hrung disaster.

So are you agreeing or disagreeing?

Because...


is pretty much the same as...

FYI:

It hits 0.75$ during the last hour.

Agree with the plausibility of the scenario, with the caveat that it represents an optimistic case.  So disagree on the likelihood, because black swans and unknown unknowns.

One positive development is BitFunder's new Litecoin ETF.

https://bitfunder.com/asset/CRYPTO.LTC

This may reduce dependence on BTC-e (which frequently suffers outages and NVC hater wrath) for LTC market making/price discovery/trading/liquidity.

Really?  Are you saying the public key crypto is not ecdsa with the secp256k1 curve? What is it then?

"They are trading at a ridiculous 70 cents USD which is hilarious for a currency that no one uses."

http://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/ (http://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/)

i love how people do not do their homework. There are tons of things you can buy with LTC. All the naysayers keep talking down the LTC price please so we can buy more.  :D

I think the quoted post was talking about bitcoin .... two years ago   :D

lol yeah I realized that belatedly.

But if you think about it...how many people just on this forum alone ask that same question?

I was thinking about the same thing before clicking that link  :) 

I may have to get my a subscription.

Thanks for posting Liquid.

I stand corrected.

The transaction encryption is different.

So it's a kind diversification against a potential 51% attack on Bitcoin, not brute force hacking.

Note: Litecoin may be the (only?) first to have trouble like this.

So is there a general agreement that LTC will reach $1 within the next few weeks?

I see that LTC is the Google of the crypto currency world with Bitcoin playing Yahoo.

But all this bickering should just be taken in fun - together they are both stronger.

In the long term, I see LTC at around 30% of the value of Bitcoin, due to the coin quantity differences, but in the long term, there is no reason it can't go to 1:1 - however, we are talking 5 years time! ;)

It has a good reason to never go to 1:1, LTC is 4x more abundant. So ? Do you know what is Litecoin ?

You are looking at this mathematically, not in business terms.

The fact that there are more or less of something is irrelevant to its value if someone has more confidence in one over the other.

If I have more confidence in Litecoin than Bitcoin, I will be willing to spend more money for one Litecoin than I would on one Bitcoin.

The fact that the 'correct' value for Bitcoin is higher than a Litecoin is your opinion based on the feature that there are less BITcoins, and you perceive no other differences in their features or benefits.

The general public are not so logical and might prefer Litecoin because it has a nice logo! ;)

Roller Coaster  :o

https://i.imgur.com/5BvPH6r.png

whats that steady line on the bottom left (Arbitrage ?)

FAST EVERY ONE SELL SELL BEFORE IT DROPS MORE

Let me put it this way.  I think BTC will be used for big businesses for large money transfers to replace wiring money.  LTC will be used by the general public's day to day transactions.  Think about this for a second, you go to a restaurant, pay with BTC and wait 30-60 minutes for confirmations(If you get real unlucky you could wait an hour for 1).  Or you wait 5-15 minutes with LTC.

i was thinking about htis for a drivethrough or something

LTC would work

you come up and PREPAY over the amount you know you would spend.

then you can leave as soon as you're done and expect them to send the change back after you leave as a restaurant can't go anywhere in the short term so you're safe to assume they'll send your change if they want your business again; not to be sued, not to be shunned etc.

litecoin is just fast enough for this and bitcoin is quite too slow for it

of course all we'd need is a third party system like (Gox codes) to transfer insantly but we'd have to trust said system and obviously million+ pepole trust bitcoin a lot

Get ready guys, we're not done yet.

Sell now if you truly think LTC is a "scam" and is "useless".

Litecoin sites are popping up all over the place. Here is a list:

http://forum.litecoin.net/index.php/topic,1365.0.html (http://forum.litecoin.net/index.php/topic,1365.0.html)

Guys I'm scaaart. :'(

https://i.imgur.com/6i6nXHS.png

Can anyone actually get btc e to load ??   ;D not me  ???

Webserver upgrade
https://btc-e.com/news/115

62 cent limbo. enjoy

http://img171.imageshack.us/img171/9479/ltc2013316.png (http://imageshack.us/photo/my-images/171/ltc2013316.png/)

new daily low

Last Price: 0.55879 USDLow: 0.52 USDHigh: 0.6497 USD
Volume: 146557 LTC / 86460 USDServer Time: 17.03.13 08:15

I sold 25k down to .01 btc to see what would happen. It bounced right back up to .014 and then back down. We should have some instability for a while.

You a main player then ? :D

oh it's definitely unstable now its back to around $0.51 what a show  :D

If you look at it in BTC/LTC much more action and instability right now. Someone even sold it under .01

Looks like price wants to go down, but previous October high which was around 0.008 btc should be a solid support now.

That is where I will buy back (If I am able)

If it reaches that level, it's going to be disappointment and agony for many jumped on the LTC train recently.

but who knows, some services and projects in the pipeline may spare us this ordeal.

People were sad when btc went from 32 to 2 but we are back:)

grr that was over 1 1/2 years of agony

That was the best buying opportunity evar! :)

All the action is in the bitcoin wall thread:

https://bitcointalk.org/index.php?topic=85687.14760

oh that thread exists for LTC now.
looks like the bids are starting to come back.


https://i.imgur.com/A2nQ2u5.png

Low: 0.007 BTC. That was brutal  :o

Relentless volatility in LTC/BTC, impressive stability in LTC/USD.   

 

i think someone just placed an order with that number. no trade happened at that amount I think

Everybody is gone ?

https://i.imgur.com/S99MC6w.jpg

looks like good support at .005 and awesome support at .002

I will be buying at both levels if able.

Nice try !
I'm sure you still sell your's at 0.002 !
Just no way you want buy at 0.005 since you're in from the start...

I bought above .002 (fort the most part)  :/

Anyway we had a jump. (I was not involved)

Can we get a fresh btce chart pic posted then since you are so sure its going down forever?

we broke dat wall:)

No that's a LTC/fiat chart.

https://i.imgur.com/2gBymKL.png

I can't make out a thing.

Umm...if you cannot see the 3 colored lines and large "0.0065BTC" in that pic then I can't help ya bud. :D

Imgur's scaling sucks and I'm too lazy to photochop it.

Well i threw 20 xeon cpus at litecoin just to dabble with it. Gpus are still ok with btc right now. Soon tho i will have to switch. Btc diff going to the moon in a short time. Litecoin will prob get a lot of ppl like me.

We are expecting it:)

$1  :D

The start for Litecoin.

Dear God  :o
https://i.imgur.com/9Zc2YFl.png

No real walls that i can see. Two usd should be quick.

smoothie!

another one getting rich off me if he doesn't help me out on our agreement to sell him 10,000 LTC at 0.07 on jan 1 2014

You agreed to the futures contract. Maged witnessed it. As I said, please honor it. Thanks.

we need another chart. Price has moved much since the last one.

Your welcome (for the 2$) I had a bunch of USD on hand, there was a massive wall and the trolls were trying to fleece all the newbs so I bought the wall and drive the price up to screw them over :)

Thanks bro  ;)

https://i.imgur.com/IQi0SNV.png

https://i.imgur.com/AN6q4.gif
today price action

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

 :o :o :o :o

yer. i am completely moved over to mining litecoin. sold my first batch at 4+ usd each. amazing.
the only reason i have left to use bitcoin is if i want to move litecoin around for some reason in
a way that allows me to get usd to my checking account easier. otherwise i would not use it at all
now.

time will tell how this all plays out.

The official MtGox Twitter confirmation that they consider LTC is very nice for the value :)

It all happened so quickly. I would really love to see more LTC development in terms of business and mobile applications.

Bump! This topic is far too eerily quiet since the price crash.

Anyone feel confident to make any analysis/predictions at this point?

The litecoin subreddit has grown almost as fast the price (currently over 1500 subscribers). It was about 200... a month ago? It's clear the price is a strong function of the size of the user base, and so I think litecoin will go up from here.

EDIT:

Check it out:

http://stattit.com/r/litecoin/

It's probably not over yet.

It has just started.. Hold steady your LTC

Big LTC announcements are slated for today, this isnt the end of this rally.

link to source please. so much trolling hard to know what is fake and what is not.

thanks

4/6 has passed, so apparently it wasn't true.

All his twitter says about ltc is soon.

Which twitter?

Marks

This ?

http://i.cubeupload.com/A6dGVP.jpg

Lol no. That is not marks twitter.

Soon its unrelated to mtgox though and way better news.

Posting in epic thread.

MtGox updated their LTC api  :)

https://data.mtgox.com/api/2/LTCUSD/money/ticker

It has more info now so they are working on it for sure!

I would like to see more services for LTC. A beautiful chart site: http://beta.altco.in

what news?

From https://mtgox.com/pdf/20130424_ddos_statement_and_faq.pdf

"When will you be adding Litecoin (LTC) to Mt. Gox?
Soon. We were planning on doing so two weeks ago, but events derailed that plan. Right
now we are focused on overall stability of the exchange, and will launch LTC when we are
ready. Otherwise we could be further complicating things."

Soon as always but it is a confirmation

Soon is enough for me, they won't go back on their word to implement it, they just want to be able to implement it at the right time and implement it correctly. Even better!

They need to buy more ltc first ;D

don't you have to wait for 6 of these to be sure the transaction is valid?

least i suppose this should happen quicker with LTC from its faster block generation :P

https://i.imgur.com/GXgT4JD.png

This is quite a sell wall!

151,822 LTC @ $4.05 = $614,879

What do you guys make of it?

Someone is pretty desperate to keep the price down it seems.

What's the link to this chart? I can't seem to find it.

http://www.cryptocoincharts.info/orderbook.php?pair=ltc-usd&market=btc-e

that wall seems to be gone.

where's smoothie

http://alfixturedesign.com/420/millionaire.gif

300,000 LTC sell wall at 2.74

I wondered why we were no longer over 3

like I thought it was pulled. now we're 2.82

The sell wall was most retarded in a long time, he gona against ppl/marked will/move and got chopped hard till he learned his lesson :)

what do you mean got chopped? his wall was bit 10%?

1200 BTC buy wall now, lol

yeah