Bitcoin Forum

Economy => Economics => Topic started by: Simran on November 18, 2013, 10:23:17 PM



Title: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: Simran on November 18, 2013, 10:23:17 PM
http://thecryptoblog.com/ltc-new-all-time-high-at-9-49-btc-e-and-16-china-nothing-will-stop-us/


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: eindbaas on November 18, 2013, 11:50:46 PM
bought 700 litecoins  :-*


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: og kush420 on November 19, 2013, 12:58:04 AM
i cant believe litecoin is the altcoin becoming valuable. what a joke. i feel sorry for anyone investing in that. just know there are some actually innovative and original alt-coins to choose from, not just litecoin who's price is based 100% on media coverage as the silver next to bitcoin(gold) which is bullshit, and not on the currency. you should also know litecoin serves the purpose of making money for gpu miners who cant mine btc profitably anymore. i highly doubt they care what happens to the currency in the long term.


as a cryptocurrency user, i am embarrassed that litecoin is worth anything... its the equivalent of a generic forged painting being worth a large chunk of a real painting. not even that. its the equivalent of if you scanner the mon lisa on some shitty some desktop scanner and print a copy with your HP printer, and sell the print for 10% the price of mon lisa.


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: Stoneysilence on November 19, 2013, 12:59:10 AM
Can I have my 15seconds back for reading that?


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: eindbaas on November 19, 2013, 01:01:56 AM
why do you all hate litecoins? just have some incase if rise..


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: Simran on November 19, 2013, 04:44:19 AM
i cant believe litecoin is the altcoin becoming valuable. what a joke. i feel sorry for anyone investing in that. just know there are some actually innovative and original alt-coins to choose from, not just litecoin who's price is based 100% on media coverage as the silver next to bitcoin(gold) which is bullshit, and not on the currency. you should also know litecoin serves the purpose of making money for gpu miners who cant mine btc profitably anymore. i highly doubt they care what happens to the currency in the long term.


as a cryptocurrency user, i am embarrassed that litecoin is worth anything... its the equivalent of a generic forged painting being worth a large chunk of a real painting. not even that. its the equivalent of if you scanner the mon lisa on some shitty some desktop scanner and print a copy with your HP printer, and sell the print for 10% the price of mon lisa.

You haven't been here long enough to understand why Litecoin is worth what it is worth. Let me elaborate,

You = Date Registered:   August 02, 2013, 10:45:21 PM

End of Discussion.


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: tantk on November 19, 2013, 06:42:19 AM
litecoin transaction is really fast


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: MassDivide on November 19, 2013, 06:44:03 AM
I <3 litecoin.


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: Impaler on November 19, 2013, 07:38:06 AM
BTC/LTC have Exactly the same economic model so no one should be the least surprised that they can both undergo the same kind of speculative bubbles.  Ultimately they will either both fail or both succeed on the validity of that economic model, I feel that model is basically a pyramid scheme and will fail but I see no reason BTC users can direct so much blind hate at LTC and think it is so different that they are not basically in the same boat.


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: beetcoin on November 19, 2013, 07:43:03 AM
BTC/LTC have Exactly the same economic model so no one should be the least surprised that they can both undergo the same kind of speculative bubbles.  Ultimately they will either both fail or both succeed on the validity of that economic model, I feel that model is basically a pyramid scheme and will fail but I see no reason BTC users can direct so much blind hate at LTC and think it is so different that they are not basically in the same boat.

this pretty much. they are practically the same, except litecoins are.. lighter and take less time for confirmations. i do feel LTC is more speculative-ish since it doesn't have BTC's infrastructure.


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: laowai80 on November 19, 2013, 10:21:02 AM
i cant believe litecoin is the altcoin becoming valuable. what a joke. i feel sorry for anyone investing in that. just know there are some actually innovative and original alt-coins to choose from, not just litecoin who's price is based 100% on media coverage as the silver next to bitcoin(gold) which is bullshit, and not on the currency. you should also know litecoin serves the purpose of making money for gpu miners who cant mine btc profitably anymore. i highly doubt they care what happens to the currency in the long term.


as a cryptocurrency user, i am embarrassed that litecoin is worth anything... its the equivalent of a generic forged painting being worth a large chunk of a real painting. not even that. its the equivalent of if you scanner the mon lisa on some shitty some desktop scanner and print a copy with your HP printer, and sell the print for 10% the price of mon lisa.

You haven't been here long enough to understand why Litecoin is worth what it is worth. Let me elaborate,

You = Date Registered:   August 02, 2013, 10:45:21 PM

End of Discussion.

Actually, it doesn't matter what the date of registration is. I've been around less time than him, but it took me 2-3 days after learning and buying some bitcoin to buy some litecoin too. It just makes perfect sense from all points of views if you buy bitcoin to also buy some litecoins and maybe a little bit of 2-3 other promising alt-coins. If anybody wonders why, just do your homework on investment class 101, and you will have an idea why.


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: hamiltino on November 19, 2013, 11:00:29 AM
i cant believe litecoin is the altcoin becoming valuable. what a joke. i feel sorry for anyone investing in that. just know there are some actually innovative and original alt-coins to choose from, not just litecoin who's price is based 100% on media coverage as the silver next to bitcoin(gold) which is bullshit, and not on the currency. you should also know litecoin serves the purpose of making money for gpu miners who cant mine btc profitably anymore. i highly doubt they care what happens to the currency in the long term.


as a cryptocurrency user, i am embarrassed that litecoin is worth anything... its the equivalent of a generic forged painting being worth a large chunk of a real painting. not even that. its the equivalent of if you scanner the mon lisa on some shitty some desktop scanner and print a copy with your HP printer, and sell the print for 10% the price of mon lisa.

completely agree,

Coins such as worldcoin are superior to litecoins, they have faster confirmations (2.5 minutes vs 1 minute). In a few months we will be getting zerocoin as a new alt coin, it will make transactions anonymous.


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: hamiltino on November 19, 2013, 11:13:43 AM
BTC/LTC have Exactly the same economic model so no one should be the least surprised that they can both undergo the same kind of speculative bubbles.  Ultimately they will either both fail or both succeed on the validity of that economic model, I feel that model is basically a pyramid scheme and will fail but I see no reason BTC users can direct so much blind hate at LTC and think it is so different that they are not basically in the same boat.

In what way is FIAT currency not a pyramid scheme?


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: drrussellshane on November 19, 2013, 01:42:49 PM
BTC/LTC have Exactly the same economic model so no one should be the least surprised that they can both undergo the same kind of speculative bubbles.  Ultimately they will either both fail or both succeed on the validity of that economic model, I feel that model is basically a pyramid scheme and will fail but I see no reason BTC users can direct so much blind hate at LTC and think it is so different that they are not basically in the same boat.

In what way is FIAT currency not a pyramid scheme?

Hell, it even has a pyramid on the back of it!

https://farm2.staticflickr.com/1354/1018963718_85c5050c8d.jpg


Title: Re: LTC new all time high at $9.49 BTC-e and $16 China!!! Nothing will stop us!!
Post by: AndrewWilliams on November 19, 2013, 05:52:50 PM
Litecoin is the silver standard indeed!

All the way to $70 in the next 120 days!