Bitcoin Forum

I am sure it will fall even further to balance with the altcoins.
What made this coin stand out from the others and reach 40 dollars anyways?

In the end though it looks like btc is the only
Survivor.

"The time to buy is when there's blood in the streets."

I believe this statement rings true here, I'm buying more LTC with cash (not BTC) at these levels.

I'm not sure LTC can go much lower here. Even if hits $2 I will be a buyer

LTC seems to follow bitcoin in this downswing but maybe it will increase its value in the future, I don't think it's dead yet.

well the ltc chart looks scary. wonder if it goes below 0.0075btc and if it happens, what will be the next target?!

Keiser, Max Keiser.

Max Keiser just looks like a shiesty huckster. It's beyond me how anyone can look in his eyes and believe what comes out of his mouth.

Next target at that point should be around 0.005-0.006...this is where I have my buy orders set

The bitcoinwisdom chart only shows part of LTC's history

0.005 LTC/BTC is where support lies if you look at a longer term chart.

I got rid of LTC a few months ago.  Its proven to be nothing more than another useless altcoin.  Even its creator (Charlie Lee) works for coinbase now, and doesn't seem to be all that supportive of LTC.

People who are holding LTC must be unwell... seriously this was on the cards for a very long time.

First off this thread should be in the alt currency section of the forum.

Secondly we are discussing price. Price does not change the usefulness of the payment network.

Thirdly, Please make it fall MOAR!  ;D ;D ;D

ltc was nothing spiecla, i hope it goes as low as doge.

LTC will be back from the dead.
LTC and BTC are king ... death to DOGE :D

This.

LTC is useless since there is no adoption nor exclusive features but above all no speculative hype which all alts need.

LTC has more volume and might be more available.

I think the free-market has decided against your claim above as LTC has a very large user base and the liquidity of the market is much bigger than any other alt coin.

GO figure...since it has "NO ADOPTION" or "exclusive features".


LOL I've adopted it so it HAS adoption buddy! ....

Features features features....who gives a crap.

The payment network operates mainly on SECURITY and SOUNDESS of the protocol.

It will be interesting to see if LTC/XBT goes below 0.0075, the low before the last XBT/USD boom. If 0.0075 holds LTC may turn out to be a blood on the streets buying opportunity.

Edit: Personally I am far more comfortable with XMR than LTC right now, but I do recognize that there are many who would consider XMR to be a far riskier option.

Smoothie your opinion :

Better buy right now?

LTC or BTC ?

There is no better time to buy ltc than now, ltc is a silver to bitcoin and when this shake off is over it shall rebound to $30.

Been hearing that for months. Comparing LTC to silver is a horrible comparison. Silver actually has value and real world use. Your chances of silver hitting $30/oz are much greater.

Complete nonsense. LTC and DOGE seem similar if you look at how much has been mined out. LTC has no features to offer us.
The problem right now is in the whole market. It has been affecting most coins, some a bit more than others.
Whatever we tend to think or believe will happen is just pure speculation. I for one do not think that LTC will ever see its glory days again.

You forget LTC already passed silver once...it will happen again. Just wait.  ;D

Seriously all I keep hearing about is the MYTH that features are the most important thing in a crypto. Honestly who gives a fuck about features if the network those features operate on is insecure?

How about SECURITY of NETWORK PROTOCOL as a feature that LTC has?

 ::)

But then compare LTC to BTC with the same reasoning. Why use the less secure one?

It's really short-sighted to speak about features unless it means security. Nobody that can make a coin worth anything gives a toss about talking wallets or Mod A Go-Go stretch-elastic pants.

If we are dealing with currency, people want tradition, acceptance and safety.

That is it.

Assuming it is less secure, the advantage is speed.

BTC needs to work on this issue. I waited an hour for a withdrawal earlier.

All, or most coins, have to deal with the bloated blockchains, too.

With all the money in bitcoin and the potential for it to actually be a currency rather than a commodity, I'm surprised this has not happened.

There is nothing to assume. It is less secure that Bitcoin.
Speed isn't that important. Let's say if BTC reduced the time by 1/2 needed for a confirmation, people would still complain because Xcoin has a 10 second confirmation time.
It also depends where you're withdrawing from and your luck (some blocks are very quickly found, some take a lot of time).

That's not a feature that's needed. Why would anyone in their right minds, bother to use Litecoin when it is Many many times Less secure than Bitcoin? Litecoin is a Bitcoin clone, plain and simple with nothing to offer. And the market is seeing that, there's absolutely no point in buying/holding/using Litecoin.

Bitcoin has hundreds of millions of dollars of mining equipment(ASIC's, GPU's etc) upholding the network. Litecoin has a few measly millions upholding their network which frankly makes Litecoin unsecure compared to Bitcoin, and as you can see, it's all coming crashing down.

Why not? Litecoin is not susceptible to Bitcoin miner attacks.

Remember...different mining algorithms. Those mining Bitcoin can't immediately switch to LTC and mine the F*ck out of it.

Wrong argument you are using to claim Litecoin is "insecure". lol

I would rather use LTC for smaller purchases that I care to get confirmations faster than Bitcoin currently offers.

Litecoin is suspectible to the same 51% attacks that Bitcoin is, it uses the Bitcoin sourcecode...only thing that's different is the 2.5minute blocktime, the name, and the algo(scrypt).

With that being so, Litecoin is Much much much easier to 51% attack than Bitcoin(thought it'll be a waste to use money 51%ing Litecoin since it has nothing to offer), which makes Litecoin Much less secure than Bitcoin.

With that also being said, it's confirmed that Litecoin has absolutely nothing that gives value to it over Bitcoin, hell most of the scamcoins released today offer more than Litecoin does. It also makes no sense to use Litecoin for smaller purchases, because there are altcoins that have 10 seconds and below transaction times, which make litecoin 2.5minutes seem like forever.

Don't 99% merchants accept instant payments anyways for BTC?

LTC will die the day another alt will take the #2 place

LTC at #3 it´s coming soon

Correct, through bitpay, making litecoin all the more useless.

what are you guys talking about.. ltc is now $4.15 and growing

I sold all my LTC in the mid of drop..now scenario is BTC is rising and LTC nearly stuck.

LTC will surely survive but with struggle.

Short term gains do not reflect long term losses.

well was simply too high, i mean 0.01-0.02 with 84M cap, just because it was the "second", which is not even true...will crash to 100ks or around that

The coin that's heading for second place is DRK.

No question about it.

It occupies a glaring vacancy in both technical and commercial market landscapes that will grow enormously over the next phase of crypto developments. Not only that but it has sustained its presence throughout a very difficult and challenging period of technical evolution and general market turmoil.

It has seen off market competitors, proven the viability of some key design decisions such as the semi-centralised masternode approach and consolidated the integrity of its codebase.

On top of all that, the recent  market turbulence has resulted in a widespread redistribution of large holdings which will further secure its valuations in the future.

For me, this coin is now set to be THE genuine number 2 to bitcoin for reasons far more viable than LTC's ever were.

I remember when I traded LTC for 25 - 30$, I can't believe it is dropped so low in value.

theres a reason that when you search

"coinmarketcap"

you get the

"filter non minable and premined" 

link as a major link.

http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/

that's because the market is just not stupid enough yet to buy these scams.

as i said i think Litecoin has better long term fundamentals than Bitcoin and this "decouple" is ultimately good for it.

you do realize there is no reason why Dark will ever go back to where it was ?

has mining stopped ? is it full PoS now or something ?   if that's the case,  if there are few enough holders (unlikely) it might pull another pump?

but sorry - that's just reality.

I don't even know why some people keep investing in LTC. It's dead coin for a long time. Bitcoin is primary coin but I still think that altcoins are good for BTC community. I earned few bucks thanks to altcoins so they will be there forever as long as people will be interested in them, but I agree that bitcoin will be only survivor.

Bought my first LTC at a dollar, kept buying up till 20 dollars. Then sold all of it at 40. Nice trade!

However, I bought back in for a much smaller amount at 10 .... now at 4.5 ... burned!

 :'(

I wish I had bought at £3.50 yesterday and sold for $4.50 today.

then you would be at a loss ..

LTC is dying. theres nothing unique about it. everyday new coins come out with amazing new features. why hold on to LTC? theres too many coins, and people are losing patience....theres no reason to hang on.

Here we go with the features argument lol.

Network security is most important.

Create all the features you want but if your blockchain is unsecured then what's the point?

Myopic nonsense. The last time I checked there were 2 sides to the price equation and supply is only of them.

Up 120% even since you made that post.

Um, you're completely wrong. Why don't you just inform yourself about it?
Mining isn't even close to being finishing, it is not POS.
RC4, the update that added anonymity (that works!), came in silent and at a difficult time indeed. Just look at the price rebound today. I'm thinking that we should see MNs coming online again in an increasing number.
LTC has also rebounded nicely today, it's up 20%. I'm guessing and hoping that the trend will continue.

That's not a POS like implementation that was done to add real anonymity; And this is a major issue. DRK has now, as main feature, a 20% value stolen on each mined block, and given to the masternodes. 2014 is a great year for scam operations, DRK is not an exception; This 'original' and absurd implementation (not fair at all), and the large instamine at the beginning highly taint this coin.

Stolen? If it was up to me I would have given over 50% to the MNs. They are much more important in the DRK concept. There will always be miners, do not worry about it.
Nothing is being stolen, if you don't like it don't mine it. Do not complain. DRK is not a scam operation, never was never will be. Just look at who's reviewing the code. You probably don't even know who he is.  ::)

We may think about a more general approach, that doesn't have this issue. And we can be sure that the 20% was the main goal, and drove the implementation itself, anonymity was just a 'cover'. The main concept of POW, is that mining must cost something. this is not the case of running a masternode, the cost is magnitudes lower, and we don't have the advantages of POS, here too. The concept is broken, and giving free coins (masternode coins) is a bad idea, as premine operations are...

Haha wow, the people who keep going on about "no features" clearly have no idea about anything to do with crypto. The release thread for Litecoin plainly spelled it out: Litecoin is Bitcoin with a new algo and a couple of changes that the author thought would be better than what Bitcoin uses--that's why it's "lite"coin. Is that too hard for you simpletons to understand?

The developers want security and a coin that works--a coin that doesn't need a hard fork every week to continue to work.

What? If you wanna go that way, technically Every Cryptocoin is "Bitcoin with a new algo and a couple of changes", including all those scamcoins.

Litecoin is worse than those scamcoins however, at least they bring someone new, scammy or not, Litecoin brings Nothing.

Litecoin does not bring "security" because Litecoin is several times less secure than Bitcoin, it does not bring community because Litecoin's community on litecointalk is nothing, it's put to shame by dogecoin.

Litecoin doesn't bring features or Anything that sets it apart from Bitcoin

AKA, Litecoin's real value is 0, nothing.

you going to dribble the same shit in every 2nd thread day in day out ad nauseam?

ur obviously relativity new around here, i think u should actually research btc security history before making any statements of security comparisons.

You seem to lack reading comprehension.

Litecoin's mission statement is simple; it has done what it set out to do. Litecoin continues to provide the second secure network in the cryptocurrency world. It will continue to provide a large, secure network into the future.

Your idiotic statements don't have any value because Litecoin's mission was never any of the things you are parroting in every post.

PS: the "real" value of every currency is zero. A currency's value is based on an agreement between the people trading it.

Playing with cryptocurrencies but doesn't seem to understand basic fiat markets.

You're either a troll, illiterate, or both.

Litecoin's Mission was to be ASIC resistant. As you can see, that "mission" is down the drain. Every cryptocurrencies "passive mission" is to have a secure network, don't bring in that bullshit please.

If you want to go there, Litecoin's network is many times less secure than Bitcoin's, again, making it plain stupid to use litecoin.

You seem dumber by the second, yes a currency's value is based on what people accept it to be worth, but that accounts for the majority. If the majority of people consider my pencil to be worth $20, then it's worth $20.

 Have a nice day.

Anotheranonlol was referring to the use of the euro dollar sign in front of 3.50 and the use of the US dollar sign in front of 4.50

3.50 euros is more than 4.50 US dollars, so with the numbers provided and currency conversion, it would be selling at a loss.

It was probably a simple error by spud21, but Anotheranonlol's comment was funny nonetheless.

Seeing as you don't know what the word "resistant" means, it's clear that you're illiterate. Once again, you are parroting idiotic statements that don't mean anything to the reality of the situation; everything you post is meaningless.

I've had you on my ignore list but I forgot why I put you on it--it's now clear to me that I put you there for a good reason (it's because you're an imbecile).

Yeah, that was the jist of my jab as well. Thanks for explaining it though. I'm sure at least one person who comes across that post wouldn't understand.

Ah lol, well played. :)