Bitcoin Forum

https://www.youtube.com/watch?v=5v5y3icu6YY

Hard to believe... I may liquidate my inheritance and go full retard on Litecoin as well. ROFL!

 It's 15 minutes!  Ain't nobody got time fo' dat!
What time does he actually say anything about litecoin?

Well, he says that everyone is beating the drums for certain alts like Ether or Monero, but LTC gets no love (and should according to him). He mentions fundamentals and the gold/silver concept running in our DNA since humanity has used PM's for thousands of years as money (crypto is the next step in that evolution). LTC should be 1/4 the value of BTC according to him and feels it's heavily undervalued. There should be a copper or nickel equivalent 195th the value of Bitcoin. Ethereum had a big presale and that bothers him (since founders have a big stake), so he likes the fair release of LTC.

He has a house supposedly worth $200,000 that he is selling and he will dump all of it into Litecoin. He has bought Litecoin before between $2 and $40. Corruption in our system is rampant at this point and rather than a violent revolution we can have a revolution of ideas and escape the corrupt system. He wants to put his money where his mouth is and support something he believes in.

yaddie yaddie yadda...

... We should jack up the price to $10 before he sells his house to troll him... ROFL jk :)

 Thanks for the summary.
Let me know before we hack the price and I'll put my house into LTC ;)

HAHAHA! :D We'll see to where this goes, but I think that's not a very risky investment. :)

Ohhhh lawd! Check the LTC/BTC 1 week chart for btc-e. At least it can't get any worse, right guys? ROFL

https://i.imgur.com/5Y3x71Z.jpg

Litecoin... please.

As much as I've been around this forum it's still beyond me while anyone would be interested in LTC.

It's only one of the first copy paste coins with literally zero things to add. It should have been dead long ago.

I feel like LTC's value solely depends on a bunch of idiots - for lack of a better word.

if this is a Chinese guy i would have sold all my possesions and went all in on litecoin they tend to pump litecoin like crazy and make a ridiculous amount of money out of it.

and this happens too often.

but anyways i have been investing in Litecoin for a while now and i can call it my accumulation and i am waiting for that big pump to come.

Durrrr... silver provides no additional use case over gold (monetarily), so it's therefore useless.. derp.

Another one bites the dust, natural selection? Haha

He's not the most articulate, but maybe LTC will become the coin of rednecks? ROFL!
I'll trade you my Litecorn for dem der buck skins and a case of brewskies.

But would you really want to live in a house bought with litecoin?  You'd have to paint it pink  and it'd have to be in the shape of a great big phallic grain silo.  And man, if I just sold a house for 200k, there's no way I'd be buying litecoin.  Or at least I would not broadcast that fact on YouTube.

Yea, he didn't think that part out very well... He needs to sell his house and dump the dollars into LTC via Coinbase (GDAX) and THEN announce it via YouTube... hahaha

After a SLOW accumulation (weeks or months).

At least his heart is in the right place :)

Unless I'm missing something, the only real advantage LTC has over BTC is the trimmed blockchain size. LTC has a faster block time but I don't see that as a major competitive advantage, and it looks like the markets don't either.

Oh well. Good luck.

Uhh, guys... the LTC dev has NEVER said he wanted to compete with BTC or dominate it... ever (but rather work together). What are you guys scared of? LTC is structured EXACTLY like BTC. The only differentiation is the algo and the factor of 4 (supply, conf times, etc).

If you disagree with the existence of LTC then you are advocating for one currency to rule them all OR you want another coin with millions of features so BTC can steal them away and integrate them... ROFL

Admit that you don't care about fundamentals and only care about profits.

You know why LTC is still alive? Because it's not Bitcoin. That is a feature all in its own!

I foresee a future where we have a handful of successful coins that work together in a synergistic manner.

The arguments of OH LTC is too similar to BTC and will never be successful is the dumbest thing I've ever heard. I've been around the crypto community since 2011 and can the newbies guess what people were comparing Bitcoin to in order to wrap their heads around it???? DIGITAL GOLD. sooooo Charlie thought HEY, maybe people want DIGITAL SILVER?

That was a design choice from day one. Does physical silver run a chance of dominating/eliminating the gold market? NO... They are a trading pair and digital silver only helps further solidify the idea of digital gold.

To attack digital silver simply tells me that you want a "ONE WORLD ORDER COIN" and I guarantee people that love (the original fundamentals of) BITCOIN will flock to LITECOIN if they see any totalitarian heavy handed approach to changes in the BTC future.

Like with what we saw coming from Vitalik. You gotta save his nest egg though and his early investor buddies from losing their asses in the DAO.. soooooooooooo I guess the whole "CODE IS LAW" thing is a bunch of BULL, but many of you shills won't support ETC because you only care about profit.

Which is fine though because the community will chose sides and the dust can settle. We might not see ETH go down though since the original members own all of it... (awkward)

Reminds me of Ripple... LEL

I wish the guy luck. As for ETH, I'm no fan of people who break contracts, no matter what the reason for breaking the contract is. So, ideologically I support ETC because of this, but I'm not invested in either [or ether ;)].

PUNS! Yesh :)
The only positive thing I can draw from this video is that even the most common non tech savvy folk understand the GOLD/SILVER analogy. I noticed MANY Bitcoiners drop the gold analogy after we hit 1200 probably because now they feel even more superior to gold (which I believe it is). However, that is a concept that even the most layman can understand, so to stop referencing it in that way is a mistake.

Many people in the LTC community wanted to drop the silver analogy, but Charlie believes in it. I think the problem for many people is that it's hard to CHEER and GET EXCITED to be #2 and relish in that position for eternity. WE'RE #2, WE'RE #2, WE'RE #2!... doesn't have the best ring to it... ROFL .... but it's not #2 per se it's left/right punch coming at this shit hole we call a financial system (legacy banking).

It's more exciting to say OOHHHH GUYS MONEGRO is going to DOMINATE BTC and kill it off and we will be #1 in teh dark webz.

or... ETHER smart contracts will replace the entire legal system... RAW RAW RAW... then Rootstock comes out for Bitcoin and then you have an OH SHIT moment... LEL

Openbazzar TOTALLY should have created a BAZZACOIN to make teh millions like Vitalik :)

I wish I could create an xyz functionality coin to fuel my Asian prostitute addiction!

Who is stupid enough to fall for this? If he really did sell his house to go buy LTC then who is stupid enough to follow a hillbilly?

Lol he says at 10:22 he is buying it from $40.
Sounds like a desperate shilling.

Okay and from your picture is already enough for make me laugh, by the way maybe he are see the decreasing of the value of lite coin is becoming a good chance for him(in the future), by i shocked if there are another coins is better then ltc and why he are choosing for investing in alt.

Guys, buying LTC is not that bad decision. :) If the price doubles, he can then buy 2 houses and 2 cameras and make 2 videos at once. :D

How is that even possible ? The rates are failling down as the time passes ,not really secure to have LTC as a investment back-up.What he is saying is completely fictional and doesn't imacpt in the real time markets !~Byoing LTC when the market is on low levels could be a good decision.

Litecoin got hurt from the last pump and dump which was made by the chinese, but I'm sure they are accumulating lots of it... even now. I think that at the time LTC had more trade volume than Bitcoin. Trust me, LTC is far from over.

i don't agree.
coins get pump and dumped all the time and those that get hurt, start dying. which means litecoin price should have gone down to at least 0.004BTC if it was really hurt but we can clearly see that the price of LTC has held itself up in the range of 0.006+BTC and have been stable at this price for a long time which shows the accumulation.

Well, yeah. If we accept that LTC is the Bitcoin's silver then yes.

i've been around this forum awhile and i ask the opposite "who wouldn't?"

i summarise it in; innovation or bust trust

if you look at the why how what of litecoins creation it has plenty to add, its an improvement on bitcoin without adding complication, and a fairer start. one of the very few cryptos not created in the devs quest simply for more fiat.

One thing - greed. People who bash Litecoin does not understand what cryptocurrency means and its initial purpose. Litecoin is THE BEST example of an altcoin that supports it.

Funny  :D

I think it's fishy he announced his intentions.
Not something a half-intelligent trader would do.. if he was planning on buying soon.

That is what a Litecorn bag holder would say if he wants to dump though  :D

I support Litecoin but his commentary on the Gold / Silver etc to FIAT comparison is stupid i think.
Why do we have pennies and quarters etc ?
To make change..

How do we make change with Crypto Coins ?

We don't LOL

In Canada we even dropped using the penny a couple years ago now.
All we have for coins now is.. $2, $1 and 25/10/5 cents
And no paper plastic bill smaller than a $5

Also the use comparison of metals is pretty sketchy analogy against crypto.
We base the value of those metals on their usefulness (past & present)
AND !!! on their RARITY to attain those materials.

Gold came from inside of an exploding star.. Litecoin did not  ;D

@dballing
That was a pretty funny Wiz picture you posted though  :D  :D  :D

@bbc.reporter
I want to see the guys paper work and the 200k in cash on video !

---

You judge a currency by ADOPTION..
And if you don't get that then YOU are the idiot.
Further more Litecoin has historically had a better adoption rate than every other Altcoin combined.
The fact this needs to be pointed out again is reason to call you all stupid.

You heard of "The Pirate Bay" ?
Know what kind of Alexa ranking the site has ?
Well the fact they listed Bitcoin and then soon after Litecoin as donation address's on EVERY page on the entire site is what got me here into Crypto and at Bitcointalk in the fist place.

That one single point alone is more than any other shit coin can claim they accomplished.
And that was also USING a Currency as intended.. as a currency.
It also was a one hell of a massive level of internet exposure.. reaching out to LOTS of people.

Litecoin has done more than all other pathetic shitcoins have ever done combined..
THAT is why it has had a following and why it "used* to be popular.

And the only reason it has slipped in value / popularity is because all of you here are greedy little profiteers hopping from coin to coin to make scammy short terms profits on ANYTHING you can.
While PRETENDING you are coin "supporters"

You don't recognize it's value because you don't know what value in a coin means.
You are all stupid.

When you are here for the wrong reasons doing the wrong thing.. you are delusional.
You all spew bullshit 24/7 year in and year out because your fucked in the head.

Who is it that supported 6,000 ANN topics here kidiots ?
Look in the fucking mirror.

..then come here and wiggle your little dick-holster around.

PS:
TPB dropped the LTC donation address long ago.
And i have no Litecoin's right now but did way back.

EDIT:
After i hit submit i seen part of spartak + kelsey's comment.
BINGO !
THAT is why i am saying right here too !

So, what now? Looks like Spoetnik openly admitted that he found about cryptocurrencies while searching for porn on TPB. ;D

Nope.. that is RarBG ;)

And i edited my previous post giving you credit with kelsey.
We don't always agree but i think we do here today  :o

We don't always agree, because you are mostly blinded by your own personal thoughts. Look @ FailCoin and why it was created in a first place. We are supporting it since April 2014 with money from our own pockets. And try to guess why it's looking like that at the moment?

EDIT: Here is a remix from my man KhaledFreak to all who claims that Litecoin is a "dull shitcoin" - https://www.youtube.com/watch?v=cm1AQk30kFs

I believe iron is made inside of stars, but gold and silver require two neutron stars to collide, which is why you see a lot more iron than gold and silver.  Anyway, Litecoin isn't the worst thing you can buy out of all these 5 billion useless altcoins, but the upside on silver right now is basically as high or higher than Bitcoin, so the risk / benefit analysis would always lead a smart person into selling a house for real silver rather than Litecoin at the moment.

Bitcoin is still worth buying, it's just not as big of a sure thing as silver in the long run.  Meaning if you sold a house and used it all to buy silver today then went to sleep for 20 years (or even 3 years), the price is going to be crazy higher than right now when you wake up.  For any cryptocurrency, that's a complete unknown. (I own both Bitcoin and silver at the moment).  Although, Bitcoin might have some huge upward moves soon with an ETF approval, in which case...you should probably be holding Bitcoin and not Litecoin.

Before any armchair metal investors reply, there is virtually no reason to buy gold over silver right now!

Nothing wrong with going balls deep into something that your passionate about. But LTC is a dead shitcoinage.

Do you know what the word "dead" means? Legacy banking claims Bitcoin is currently "dead". Ironic? Do we need to define what that word means as well?

@roach.. sounds fair to me.
And ETF ? i feel like it's 2013 again LOL
Remember when guys were chanting ETF stuff back then lots ? cough cough VLAD LOL
No offense Vlad you know we love you man ;)

AND back in 2013 LTC got love from the scene.. GOX ADDING LTC TOMORROW !!!11

(LTC had a brighter future than GOX)

Dballing yes we do have to define dead ..i have tried to explain the obvious around here lots on that.
I don't categorize Litecoin as dead just in a slow period with popularity.

I also do not object to you guys mentioning the concept of coins working together.
Such as LTC being a supplement to BTC.. sounds kinda reasonable to me.

@Roach
I don't claim to know the facts (about star metals)
..i just post them LOL ;)

PS:
Ignore Fraudcache he just Trolls with deliberately inflammatory comments.