Bitcoin Forum

Litecoin is thriving albeit slowly.
I think we've hit the floor and from here on out we can just expect a gradual increase.
We've got a dedicated group on the Litecoin Association doing all they can to help our coin grow.

What do you think?

BUY! HODL!

:)

Edit: All opinions welcome. Just try not to start spreading some FUD.

I was a strong litecoin holder in 2013, but sold all in February 2014.

The reason why I sold is all the altcoins that was launched.
I think there was launched at least one new altcoin every week in the beginning of the year.
If you look at altcoin as one market, then was all the new coins basically a huge inflation in terms of generated coins, which must impact the price of litecoin.

When that is said, I like litecoins since it has (most of the time) a stable value and the tools (litecoin core and andriod application) works really good.
I would not hesitate to take litecoin as payment in a trade, since I am fairly sure it would not fluctuate more than a few percent in the time frame where the trade is initiated and to the time where I can exchange them for bitcoins.

litecoin still has a unique function in the bigger ecosystem of altcoins. I do hold some. I don't like the high inflation but who gives a flying.

Please don't ask "What do you think?" if you simply delete all opinions but yours in your moderated thread.

+1

Yes, ideally I'd like a thread where all opinions can be voiced. However, another thread on here is already purposely aimed at putting LTC down.
It's a super LTC FUD thread. I've posted numerous times and the slightest positivity has resulted in my post being deleted. From here on out I'll agree to not delete your opinions as long as they are not just plainly FUD.
I apologise.
Should you repost I shall respect it.

+1

 :P

AT, I would like to hear your opinion about litecoin.
Do you think it is worth jumping in again? (I will do it if you arguments are good).

Lets try the other way round. You said that you feel litecoin reached bottom. Can you explain why?

Is there any serious development going on regarding the coin itself or merchant acceptance?

For me, there are many coins with more features, many with faster transfers and many with faster development speed.
How will litecoin compete with them? Some weeks from now and hashcoin will be out, its very likely that hashcoin has a much higher market-cap than litecoin from the start.
It will almost certainly have higher merchant adoption as well. This will drive litecoin price further down i think and it will have to struggle to keep in top 5 coins next year.

I don't see why Litecoin should ever rise again. It has absolutely no advantage over other alts other than Chinese investment capital. I cashed out @ .03 and am happy I did so. Litecoin was great an opened the alt market for what came next. I think many in the crypto community should learn to let it go... and instead hop in on the truly revolutionary projects like Bitshares, Nxt, Ethereum, Storj, Filecoin, Stellar, Gridcoin... the list goes on.
I saw you deleted my post. Sorry, no FUD was intended. I was trying to get a discussion started.

This is an interesting point about Hashcoin. It will either be a great success or fizzle out like ripple did. Myself, I recently invested in several of the original Lealana 10LTC sets. I think LTC will rebound as well as BTC in the next few months.

Does anyone know what features Litecoin devs are working on?

Litecoin might still be the most accepted altcoin (just because a lot of businesses automatically accepted it with bitcoin)
It even might be the most growing altcoin by new business that accept it.

I have no clue how to check if this is correct :)

Have you seen that hashcoin decided not to premine but compete with other miners to get the coins for their ICO?
You cant compare that to ripple, and ripple is still no 2 even if they suffered more than a bit over the last year.

Back to topic: A good source on what is planned with litecoin is something im looking for too.

Looked quickly at this "hashcoin" (never heard about it before), lots of hostility in that thread...

If you look for real info about hashcoin better have a look here:

https://hashtalk.org , https://hashcoin.com/

The thread here at bitcointalk about it is full of old info and FUD.

edit: Best info about litecoin development i can find is here: https://litecointalk.org/index.php?topic=22039.0
Solid but in no way innovative or exciting.

I like the idea of retrofitting it to work with the current CC system, but I am concerned about pegging it to the dollar. I am also a bit concerned with Hashcoin being a product of a specific company rather than a decentralized community.

Back to Litecoin, are there devs out there working on new cool features? I assume there are but I have not pored through Litecointalk to find them.

What happens when the devs runs away with the 1/3 fiat backup?

The devs are a multi-millon dollar company and the ICO is backed by real banks.
Very little chance that they run away.

Yes, but will they get shut down for creating a currency backed by the US dollar? Remember, liberty dollar? http://www.gata.org/node/14697 (http://www.gata.org/node/14697)

Part of the reason that BTC and LTC are tolerated in many countries is that they are not backed by any fiat currency.

I would love to see some of the innovation going on with new cryptos be incorporated into Litecoin.

Edit: such as VOIP calling feature, increase in anonymity for wallets and transactions, etc.

Nice approach.
Re the development. What I can say is that the community are devoted to making this work long term. I know that the creator is doing all he can to get adoption with some top companies. (Coinbase)
The community themselves have always been trying to increase adoption. The community is very active and with the recent merge with Dogecoin mining, I feel that we've gained quite a bit more support. Some say LTC saved DOGE. Who knows?

Re the technology. Yes you can say it's slightly outdated as new alts are constantly working on existing protocol. Can it be fixed? Maybe. Again, who knows?

However, you can argue exactly the same with BTC. It's old technology but the adoption is high and constantly increasing. New people to crypto hear about BTC way before something like Hashcoin. I heard about BTC and following that heard all about LTC. BTC has had lots of coverage as well as adoption and although LTC isn't comparable in scale, it's been making its own progress (more than most others alts I've heard of).

There's plenty more. These are just my initial thoughts. I'll keep posting when I have time.

Anyway, more about this Hashcoin. What's so innovative? I agree immediate confirmations is quite cool, but the same argument follows. Something newer and better will come out than Hashcoin in a few months. Then what's to say Hashcoin will succeed? It's the same argument as technology evolves...

Hashrate is up - CHECK
Price is relatively stable - CHECK
Forum community is growing - CHECK
Halving coming up in the next 10-11 months - CHECK
Still garnering support as an alt coin after over 3 years - CHECK
ASICs been/being developed for scrypt - CHECK


I'd say it is thriving very quietly as price isn't everything.

Hashrate - agree
Price is 90% down from ATH - this far away from stable, get real
Community is growing - but slower compared to others (dark, bitshares, counterparty...)
Halving  - did not change anything positive for a coin so far (remember doge halving?)
Long time support - agree
ASICs developed for scrypt - there are many scrypt coins

I hope so. A little bit up for litecoin would be nice for everyone that hold his coins for a longer period.

Maybe they need some new inventions to push the coin to new peoples.

If Litecoin holders were trading inside of Ripple instead of on centralized exchanges, they would gain the ability to make purchases with their Litecoin at any merchant that accepts Visa (web or brick and mortar stores). There are roughly five Ripple debit card initiatives and the best of them convert your chosen assets at the instant of purchase, so you can trade and hold at your leisure, but spend instantly as well (Shift Payments, SmartyCash, xapo, eSpend and tide payments).

Don't look at Hashcoin's CC integration with envy. Keep your value in Litecoin, but reap the benefits of Ripple's ability to federate payment systems.

The best innovation that Litecoin offers compared to other alts is paradoxically the lack of it, which leads to stability and predictability - one of the most important characteristics of any money system.

I like the fact that Litecoin stays with 0.8.x code base (plus important patches on top), as it takes conservative approach for its development and security model (don't fix if ain't broken) - again more stable, predictable and robust network.

Also keep in mind Litecoin's 4x higher speed and capacity for transaction processing without needing a hard fork in the near future (or at all) and if it comes to a hard fork, Litecoin can always learn from Bitcoin's experience, prepare in advance and improve on it.

Later start of Litecoin contributed to a more even distribution of coins among market participants and its current high inflation rate means that this process is still ongoing, resulting in somewhat depressed price and thus reducing barriers to entry. No quick pump and dump here...

Add to it amicable name and a tribute to Steeve Jobs encoded in Litecoin's genesis block and you get all it takes to be a success. Litecoin's current trading-volume / market-cap ratio reflects just that.

What going on in this thread....... ;).

How many litecoins are you expected to mine when you are mining at a constant 500 kh/s? A year ago I was consistently pulling 1 litecoin per month, but now I've been mining for over 2 months and I've only accrued one half of a litecoin. Has the difficulty raised that much? The site The pool I'm using is http://litecoin.miningpoolhub.com.

Make up your minds fellas. Is Litecoin dead or thriving? I've seen a thread for each one.

I guess it depends on who you ask :)

There are many scrypt coins that can be mined by ASICs but honestly, 50% of scrypt ASICs are going at litecoin while the other 50% are mining others scrypt alts as a hedge. It's all about equilibrium. I was mining noblecoin 8 months ago with my ASIC and converting to litecoin because I could gain 15% litecoin by converting as opposed to mining litecoin straight up.

Staying power is everything. Litecoin is purely a value purchase at this point given the current alt market

litecoin never ceases to amaze me.
Ive never even bought any once  ::)

Maybe I should change that.

I guess it's not tied to btc after all.... 0.009

ltc pretty much always been 1% of btc.