Bitcoin Forum

What's next for Litecoin? It is approaching 12 months' low I think. And I don't hear anyone saying lately that it would be $250 soon. :-)
Is it going to survive the fall at all? Any predictions?

Ltc may well be the first crypto fallen angel.

Not wishing this but...

https://i.imgur.com/2UJcQHU.jpg

its been a bad summer for crypto's in general, but i think it will pull through. Plus lets not forget Litecoin, has been around alot longer and is more well known, it will survive.

The exchange rates for (almost) all altcoins have dropped a lot the last month. Has Litecoin really dropped that much more than the market in general?

I believe LTC can survive because in this panic time this coin is not alone which crushing badly many others also going down

Yes, of course. There will be a lot of buyers at $1.

It will survive but its heyday is certainly over. No way it will ever reach its previous highs.

All POW coins, including btc, should change to POS, since mining is too expensive and wasteful.

Litecoin is a keeper.  Difficulty is continuing to skyrocket.  It's only a matter of time before the price does too.  

I much prefer Litecoin to Bitcoin, and I'm not alone.  If you've ever tried transferring Litecoin compared to Bitcoin, Litecoin is much more zippy.  Anyone wanting fast transactions on an established network should use Litecoin.

Too many holders for it to fail, I think. If it drops too low, there's plenty enough people hedging their bets it will come back up.

That said, Litecoin doesn't really offer anything that most other alts do these days.

does this mark the real altcoin bottom? DESPAIR?!!
Bitcoin just flashcrashed to 309 on btc-e.

you really should see how many are selling lol, I didnt realize how many week traders are in crypto,  I see many buyers are scaring them by also offering them low prices, which is a good tactic in my book

everything tied to bitcoin will die, litecoin being the "second most famous" will not save it, and with asic it was clear like the sun, and lol at the one who bought them, hope they made roi at least...

i don't think there a place for a second coin in the cryptoworld

This is why I was planning on basing a coin off some Idea I had, but its going to be limited on the growth of the product.  It will be like shares but shares with coins and more private for the crypto coin I wanna develop

You may have a rude awakening in a while :)

Why? Because it is old? I don't think that follows at all. Nowadays it really has no USP, nothing to recommend it. It's not a 2.0 coin, and it's not immune to ASICs, it's just another alt-coin.

I don't think the world works like that. There are things that are "too big to fail", but Litecoin isn't one of them.

What about Bitcoin? Is it too big to fail?

yeah it's like Darkcoin  way to big to fail.

lite will rise again , and still lite is better than other coins.
when btc rise again, lite will follow more better than the other coins.

Maybe. Maybe not. I don't know who would commit serious money to bailing it out, should it become necessary.

I don't even know what it would mean to "bail out Bitcoin". Does that mean to try and prop up it's price relative USD for example? It's hard to see who would want to do this, and why.

i am munching LTC in quantity currently. The lower it goes the moar i buy. Buy, buy, buy.... yummy Litecoin!

TO ALL THE LTC DOOMERS:

Please sell more as I am buying as this continues lower. I hope it goes much much lower.

NOM NOM NOM  ;D ;D ;D

Shop till you drop :)

That's a very hard prediction, Litecoin's value could hit 0$ or 20$ in a couple of months, I hope it will go up btw.

No problem!

Will continue to do. Every whale and his mama is cashing out/dumping Litecoin.

Probably won't die, but probably won't remain #2 either.

While the price is going ever lower, I really doubt Litecoin will 'die'. It's liquidity along makes it a valuable coin.

While I'm less certain than before, I still think it will maintain the number two spot.

I know at least one miner who sold all his mining equipment on ebay after the price crashed. It was a viable business model to some people. A lot of people are left with mining equipment they don't know what to do with.

if litecoin dies and never comes back you can close this section up.

Why? There will always be a 2nd place Crypto.

yes, pump and dump for three weeks 500k$ second place ... or ripple currently ... haha

I checked the price and it was $5, then I blinked and when I checked again it was $3.50. The bitcoin flash crashes seem to be putting the boot into litecoin. Who knows if it will survive, or go sky high again.

I haven't dropped yet.

It will be a while before the powder is dry... :P

yes but who in the right mind would then invest in alts if the lead alt for so long failed?......just most crappy alt pumpers who knock ltc thinking it will benifit their own alt are too stupid to see  :)

Actually, you should ask yourself: Who in there right mind would invest in an altcoin thats a 1:1 Bitcoin clone?

Yea, and Litecoin is a 1:1 Bitcoin clone, there can't be two bitcoins...Litecoin offers Nothing over Bitcoin, even Litecoin's distribution is badly fucked up... making it useless to use.

If anything, the altcoin market right now is more "wise" than it was before, since it placed a bitcoin clone like Litecoin at #2. Now that's going to be changed.

LTC has survived the fall!

Even if it got dumped down to $1 it would still survive.

When everyone is fearful, its time to be greedy  8)

my guess would be ummm perhaps someone behind the scenes in the BTC etf who realises all the BIG hurdles facing BTC in getting listed aren't suffered by LTC ;)

anyway you're a troll that knows shit and only likes to hear the sound of his own bullshit post in his own self moderated forum thread....why not just stick to that?

Your first sentence made no sense. So I'm right, there is no reason to invest in an altcoin thats a 1:1 Bitcoin clone (Litecoin)

Like he's on cue, Darkota shows up just to say something really, really stupid about Litecoin.

http://www.coindesk.com/information/comparing-litecoin-bitcoin/

You posted that article for what? It lists differences that don't Matter, blocktimes, algo, that doesn't matter as Scyrpt is essentially the same as Sha-256 now since its Not asic resistant anymore. Litecoin's 2.5 minute blocktime Does Not matter, there are altcoins like Fastcoin that has 10 second blocktimes(putting litecoin to shame), also Bitcoin has Instant payments with 1 confirmation through bitpay.

Litecoin Has No Features of its own to differentiate it from Bitcoin, making it more useless than the hundreds of scamcoins released(at least they have Some features)

Also back to that article you posted, here is a quote from them: "Transaction speed (or faster block time) and confirmation speed are often touted as moot points by many involved in bitcoin, as most merchants would allow zero-confirmation transactions for most purchases."

Even they admit that litecoins 2.5minute blocktime doesnt matter, LOL.

Q.E.D.

Are you ok? I didn't realize that I was speaking, but rather typing.... ???

First off, when I say clone, you should obviously know that I use the word in the context that said coin doesn't have any noteworthy differences from Bitcoin.

Maybe what he means by clone is ltc is a fork of btc and is technically nearly identical to it, whereas alts may include the likes of nxt or eth.

imo for bitcoin-like functionality you only need bitcoin, you don't need a slightly different coin. Alts offer something unique and thus have an entirely different value proposition.

Litecoin and other coins are going down.  2nd gens are slowly taking over the top 10 and will continue to do so.

You are right sir, this is why I buy GBP because it's a lot more complex then the USD and therefore has a higher value. Although when the Euro implements ANON v3 with it's new algorithm I can see it contending with GBP in price.

The Yen is pretty awful though, such a copy cat currency!!!

Actually LTC has a giant PoW network. It's the most secure coin behind BTC, making it an appropriate alternative store of value in crypto. LTC will survive the fall, if the rest of the market survives. LTC value is about the least of my concern right now. :P

There's a bunch of clearance sale coins out there now worth taking a gamble on. But you're more or less gambling on the fate of the entire crypto market as opposed to individual coins.

How the hell is it going to survive if it doesn't have ANON v4 with encrypted messaging?

lol, currencies are meant to be simple, not rocket science... it's the stuff built around currencies and other aspects that give it's value. Can you imagine mainstreamers trying to use a coin like XMR.

Huh? 100 pennies = £1; 100c = $1. How's that more complex?

No, litecoin is dropping and dropping hard. I believe the manufacturer is dumping it hard...

id look into something with more development, light is dying because its exactly like bitcoin. youre going to continue to see these plain coins die out over and over again...Its making no strides to be unique or innovative. Try Black, XC, or Cloak. Aerocoin is also doing some great things for a young coin. really strong development. Devs are vocal and on point with all releases. They havent fucked up yet like DRK. Check out their white paper on AeroME...incredible idea for an early coin. its really under the radar.

Problem is BTC offer same if not more secure network than LTC. Plus BTC has two payment processing companies and a lot of merchants accepting the coin.

With the new GUI, yes totally: http://imgur.com/a/ERheR

Yeah the stuff around the currency is important, definately but Litecoin isn't even on the Bitcoin 0.9 codebase so there are still a lot of issues regarding tx mallability and tons of bugfixes etc in that are already fixed in Bitcoin.
Its really not much work to port LTC over but no one does it?

I believe Litecoin will make a comeback. I remember when it use to be worth somewhere in the twenties for one coin but now its nothing.

The utility and function of the coin has not change. Low price actually reduce risk and encourage investors to buy.

Litecoin is coming back today. A 10% rally.

Today is day of recovery as many coins done some recovery and LTC also going on just because of this I believe this coin can survive

why would leader alt die?

Because it doesn't do anything that Bitcoin can't. It's the first shitcoin. Actually not even first. Tenebrix came before it.

I never knew about Tenebrix but the name itself was a big fail from the start.