Bitcoin Forum

Just as I expected. Lets compare coins with their respective aths.
Btc 560 - 1200 dollar
Ppc 0,7 - >10 dollar.    LOOOOL
NMC 1,3 - 16 dollar
Ltc 4 - 47 dollar

We need to realize that the dumpings will continue. BTV will survive but it seems altcoins are losing the battle.
Lol at PPC specifically. It will get to 0,0 soon.

Yeah......the ultimate fate of the shitcoins was always pretty obvious but the way Litecoin is going is surprising me. It just seemed somehow to be the natural order of things that Litecoin would be #2 to Bitcoin, but it seems that there is only Bitcoin. Litecoin is just another shit-coin with zero practical uptake.

I don`t think so, i still think it will be number 2 don`t understand why it is going so down

Nothing besides BTC has any staying value as all the eco-crypto VC money is going into BTC peripherals. Namecoin might have some value because they have some payment thing going w/ making websites but even that's a bit murky in my memory. Furthermore, the shitcoins have been popping up like weeds for the last year and people are getting sick of the pump and dumps which is what nearly all of them are and thus have taken the wind out of the alt market imo. I still have a friend that jumps from one coin to the next hoping to make some extra BTC by playing it right but is usually left holding juju beans. There's always some cool PR video being passed around by the swindlers of these new coins and they always play-up certain alleged advantages that end up fooling the unseasoned minds.

There are far better new altcoins than the ones you mentioned. Just because BTC-E still lists that useless junk doesn't mean that they are still worth buying.

The truth is that every single altcoin is just a Pump&Dump scheme (if you play them well there is a lot of profit to be made), whether it lasts few hours, one week, or months.

The only way an altcoin is going to avoid being a P&D (short term or long term) is by having a specific purpose as a currency that Bitcoin cannot have. A Technological feature that cannot be just patched into BTC (so people are "forced" to use that altcoin for that purpose, otherwise they would just use BTC instead and for good reasons).
True anonymity is an example, there are many others.

If it doesn't have that specific function/feature, it will just be a little ponzi scheme that will serve the purpose of advancing in cryptocurrency technology and experimentation, but useless in itself.

Cryptocurrencies investors and traders are just starting to realise the technologically fertile ground of new altcoins and that the "next bitcoin" or a complementary alternative cryptocurrency to BTC certainly will not be found in the stagnant old school alts listed on BTC-E.


LTC is useless garbage.

The only alt that might have a chance of surviving long term is an anonymous one, and only if it has either practical use or is as good a store of value as bitcoin.

prays that bitcoin will not go to zero, or we are all screwed, we can only count on those big holders, hopefully they will protect their investment or their instamine call it what you want

http://coinmarketcap.com/

Almost everything in deep red.

The end of altcoins begins right here, all these twitter pumpers and average smallscale trader realize that there is no more money to make. At least bitcoin is stable compared to everything else. (thank god for that)

Without Bitcoin we all have nothing.

Yeah, it sucks to still be the #2 cryptocurrency.   ::)

And is everyone forgetting that Bitcoin fell to a $4B marketcap just 3 months ago, as compared to the $7.5B market cap that it has now?  That it has almost doubled in the 3 months since?

It's easy to cry the sky is falling in a downtrend.  So easy.

The altcoins are just representing a clearer picture of the overall sentiment for cryptocurrency right now. They're sinking like stones because most investors only put $10, $20, or $100 into them and don't have as much emotional attachment for cutting losses.

The only thing propping bitcoin up is the large sum of money invested in the coins and mining equipment. Eventually bitcoin investors will also tire, and without some incredible catalyst to propel us up again, I think bitcoin will slowly follow the same path. Now we have merchants accepting bitcoin, but nobody really cares and the only people taking advantage of it are the long time holders. The coins are then converted right back to fiat.

I hate to say it, but I think cryptocurrency has largely run it's course and will now be relegated to a niche community. The next few months are going to be very disappointing for many here.

Actually I think that litecoin is silver to gold as bitcoin. With its fast transaction times and low value, it is a lot better for low value micro transactions, and it's good for restaurants where you don't need to wait for it to confirm

It's number two just because it's an "historical altcoin", one of the first and has a LOT of time at its advantage compared to other alts. But as you can see things are turning around.
 It's just overbought useless crap.
Can't you see that the LTC/BTC ratio is just decreasing and decreasing and it doesn't stop?
LTC price detached from BTC price completely.

good to see this but market with coin is unpredicted you now all we can win and we can loose

Merchant adoption outpacing consumer adoption - I think that accounts for Bitcoin's low price now. As for the altcoins... many will (should?) die soon enough.

Completely, utterly false statement. MANY alt coins came way before LTC. You just haven't done the research as to WHY it was able to supplant the others, and still has the high marketcap that it has.  There are valid reasons.

But whatever man, I guess we'll see if LTC is still #2 this same time next year.  Let's check back and see.  My bet is yes it will still be #2.

LTC is going down for many reasons, one of which is one whale has dumped close to 500k litecoin in order to buy DRK and BTC.

The Reptilians have decreed that only Bitcoin, Jackpotcoin, and Infinitecoin will survive the coming purge.

Litecoin has a solid userbase from old school crypto enthusiasts.
Obviously it doesn't add up anything to the general concept but it works, has a secure network and a team that works closely with bitcoin devs.

the only end that is coming is the end of bullshit government paper money.
its only a matter of time until the misallocation of capital from all the arbitrary money printing brings the economy down, causing yet another QE panic printing and hyperinflation.
after which only gold and bitcoin will be money and nothing else.

lol dude, i meant one of the first compared to the gazillion altcoins coming out now.
what should be the reasons of LTC survinving long term?  micro payments? fast transactions (that any new coin has)?    
And i mean GOOD reasons, not these little details nobody cares and that any altcoin that has actually innovation can have.
What are the reasons?


For the moment it's falling and falling (most importantly, distancing itself from BTC as you can clearly see by the LTC/BTC CONSTANLY and consistently dropping).

Nobody seems to want this overbought (second in market cap) falling knife.

LTC is pure speculation and this fact seems to slowly catch up. same with the other old stagnant coins listed on BTC-E.

Yet it falls without rebounding, and the only little bounces we seem to be only short squeezes from margin trading.
How can you explain that?

Speculative money is moving out.

I disagree here, because any completely anonymous coin is going to be crippled by regulation, which will hinder mass adoption.

Anonymous money can't be regulated. That's the point of it all. And mass adoption is in no way necessary.

anyway anonymous coins are not very necessary.. i have never need such a coin in all my time i have been with cryptos.. and even if i need that i could use a mixer.

But alot of people DO need such a coin.

Of course this isn't the end, there have been many more serious crashes over the past few years.  The real question is what Bitcoin gets the regular Joe beyond a simple credit card, Google Wallet, Paypal, etc.  Bitcoin is definitely Libertarian geek orgasm territory, and that's great, but it will take much more than that to be anything but a curiosity.  Most people like the comfort of knowing that, within reason, if they are the victim of fraudulent credit card transactions or banking withdrawals, they will be fully reimbursed.  With Bitcoin, at this point, you'd better have damn good personal security protocols in place or else you'll be flat broke.  The primary thing Bitcoin has going for it is that its future is only limited by the creativity of developers (and unfortunately, the whims of regulators).  If developers can turn Bitcoin (or whatever crypto reins supreme) into something everyone must have, speculators will be handsomely rewarded.  Me, I'm skeptical.  If it's something the powers that be cannot control, the technology will be marginalized and made irrelevant.  In the meantime, it will remain a great way to pile up USD/gold/real estate/whatever as newbies enter the market.

You make valid points but the viewpoint you comment from seems pretty myopic.  You make it sound like the planet has regulation or specific must haves. But in truth the different parts of the world have different regulations and different problems that need solutions. Bitcoin protocol allows developments to proceed on many layers across many cultures and countries. Bitcoin does not have to be universally accepted to be very disruptive.

Word

Its not necessary if you are just using it as a means of exchange. If you are hoping for the price to go way up, that won't happen because that would require infrastructure and mass adoption which would be stonewalled by regulators.  In the government's eyes, the only reason someone would want an anonymous currency, is if they have something to hide or are breaking the law. Sad but true.

There is no technology in existence that can guarantee anonymous. If you do doggy thing and grow so large that it attract attention, you will get busted.

Bitcoin is first and foremost an efficient and secure store of value and means to easily transfer that value.  Everything else you mentioned is just trivial bells and whistles at best.

It is no end, it is only a correction after the altcoin bubble frenzy that started last year.

I would wait the end of the year to make end of the crypto world calls, because most people have some kind of religious believe that bitcoin price will grow year after year

Incorrect!  Bitcoin is a securely shared ledger.  That's it.  You place value on those ledger entries.

Yeah, I'd say it's very premature to call bitcoin a "secure store of value".... but certainly the protocol could be very valuable -- the question is, for the bitcoin network? Or for some other use? Time will tell. :D

Yeah, number 2 it is exactly. Number 2 has to go down :)

The end is already here for those who own alt coin.

It is nr.2, but will not stay there for long

The end is nigh.

On every drop the same threads. Trolls.

UnDerDog81, plz stop trolling, thx.

I feel that there is a big whale, or group of whales somewhere pulling the price of BTC down. It really is not very difficult to do, have done my share of pumps and dumps on smaller exchanges with low value coins. If i can do it, so can anybody else.

I am expecting that BTC would go back up in the next 24-48 hours once the whale/s are done with their games and achieve their target price to buy BTC. Only time will tell, fingers crossed! ;)

I hope that the value won't rally soon, I have to accumulate some before :)

If Ethereum is related with his crash, I'm begining to hate them.

The problem is once (if) it is safe to call bitcoin a secure store of value, then the easy money will have been made. 

uhm...nobody have made reptilians coin yet? :D

This is a good point in that market cap should be considered along with other TA.

the reason is mostly the litecoin logo, and the name, people tend to underestimate the name , but it's really important

Bitcoin isn't going so bad, only half (a little less) of its all time high and you should consider that probably it will rebound in few weeks.

Yes. Are they the root cause? No. One of several causes. CFPB, Ethereum, Altcoin run due to ASICS dumping (the tail is wagging the dog, yes, but only slightly), Russia, ISIS, Lawsky, overleverage, etc. Most of those are minor issues, though. The CFPB dump and the selling (and anticipation to selling by Ethereum) along with leverage burn accounts for about 50% of this... the rest is a total mystery.

It isn't just Ethereum, there are also Stellar and a bunch of other coins that developers raised via IPO need cashing out.

LTC has to raise others.. may die

Alt coin may ended for real. People who hold them will remember this week for a long time.