Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Extornia on November 27, 2013, 10:39:34 PM



Title: How has litecoin gotten so overvalued?
Post by: Extornia on November 27, 2013, 10:39:34 PM
Well, how was litecoin gotten so overvalued? I didn't expect it to get to this price by atleast a few months now. Hell, I expected a year if nothing. Whats going on?


Title: Re: How has litecoin gotten so overvalued?
Post by: Buffer Overflow on November 27, 2013, 10:41:06 PM
What is it's correct value?


Title: Re: How has litecoin gotten so overvalued?
Post by: Extornia on November 27, 2013, 10:42:56 PM
The difficulty of mining and the price are not in a proper ratio, atleast by my opinion. Maybe im blindsided by the fact I sold 120 at $2, but still. $31 at this low of difficulty? I'm getting worried (even now, as I am again mining) its going to be the same bubble BTC was before dropping to $90


Title: Re: How has litecoin gotten so overvalued?
Post by: Fuserleer on November 27, 2013, 10:43:49 PM
No ones ever happy  :D

"LTC IS UNDERVALUED!"

goes up

"LTC IS OVERVALUED!"


what about BTC?


Title: Re: How has litecoin gotten so overvalued?
Post by: Extornia on November 27, 2013, 10:45:38 PM
Yes, it most certainly was undervalued at $2 and I regret selling. But my hungry ass wanted a MSI R9 280X LOL. Still, $10 would of been more reaslitic, maybe $14.


Title: Re: How has litecoin gotten so overvalued?
Post by: pontiacg5 on November 27, 2013, 10:48:54 PM
Yes, it most certainly was undervalued at $2 and I regret selling. But my hungry ass wanted a MSI R9 280X LOL. Still, $10 would of been more reaslitic, maybe $14.

Just out of curiosity, were you able to get 750kh/s from that MSI? I've had Gigabyte, sapphire, and power cooler cards now at this point and only the sapphire cards can run 750kh/s stable.

I agree we are way over valued right now, but $10 was pretty nice. I wouldn't mind retracing for a while  ;D


Title: Re: How has litecoin gotten so overvalued?
Post by: FreedomCoin on November 27, 2013, 10:52:17 PM
shit.. Novacoin is overvalued. glad litecoin is finally no 2


Title: Re: How has litecoin gotten so overvalued?
Post by: Yurizhai on November 27, 2013, 10:52:43 PM
Stop trying to understand it and just enjoy it.


Title: Re: How has litecoin gotten so overvalued?
Post by: Hazard on November 27, 2013, 10:53:57 PM
The Chinese are indiscriminately pumping money into altcoins.

They love to gamble.


Title: Re: How has litecoin gotten so overvalued?
Post by: SpeedDemon13 on November 28, 2013, 12:52:45 AM
Don't over think it, just ride the wave and make your profit. Just like the stock market.