Bitcoin Forum

I thought to buy small amount of LTC cause they seem to be cheap now. Do You think LTC price will increase when the next BTC bubble comes like it did the last time?

What if there won´t be another BTC bubble  ???

NO, bitcoin is slowly dropping back to $0, so is litecoin

Yeah, it's clearly going to $0 man, meanwhile this is what's going on in the real life, aka outside your mom's basement:

http://btcfeed.net/wp-content/uploads/2015/03/bitcoinq4141.jpg

You guys have no notions in investing whatsoever.

And you created a brand new account just to say that?

Why don't you just use your normal account to say stuff like that?

@OP

It's your money but I would advice you to invest in Bitcoin.

With the current price you can firmly hold your Bitcoins without worrying for a few years. It's not that hard. You only need patience.

The last time the LTC  price went around 40. When the next bubble comes I guess we all expect the prices to go much higher. So if things go like last time the LTC price could be like 50 x (price now) or more...This means there could be more profits to make from LTC than from BTC because LTC is so cheap now.

Sorry to say, but you need to stop believing in fantasy stories about Litecoin.

Litecoin will never ever recover to old way overpriced levels. It was just a mega pump. Other altcoins got mega pumped as well.

People like you who believe Litecoin will go to over $50 again will get burned.

no, better to reserve money for bitcoin only now, bitcoin is not in a good shape, this mean other currency are going through a phase that is even worse

In the past LTC has gone up and down with bit coin but this is not the case anymore as the price relative to btc has gone down a lot. I would stay away from alt coins as they don't seem to be as stable as they once were.

No, VC invested into bitcoin fee-based services exchangers,miners,payment service to make money before bitcoin finally hit $0

The difference is that last time clone-coins were a novelty and most people, being morons, hadn't yet figured out that there's no lasting value to something that doesn't do anything fundamentally new/better *and* has no first-mover/network-effect advantage.

At this point, the ecosystem better understands that bitcoin is the value/money chain, with a likely insurmountable network effect. Coins like LTC which are just clones with parameter tweaks offer nothing over bitcoin, and now that the novelty has worn off, and alts that *do* offer legitimately interesting features exist, the market is (finally) beginning to price the clone-coins rationally. For a coin to even potentially have longevity, it must offer something that bitcoin does not. Money and technological-protocols both exhibit strong network effects. Bitcoin is both, so a coin needs to be *meaningfully* different in order to fill a niche (eg, inherent chain privacy, etc).

Their LP arrangements typically prevent them from investing in currencies or non-equity assets in the funds directly, but many of the VCs and fund-managers who've made equity plays in the bitcoin space have also said that they hold bitcoin personally. Not surprising - these are generally visionary people, who are not risk-averse. Holding bitcoin for the long-term and being a successful VC both require those properties. Something you likely find tough to see through your myopia.

Your analysis may be correct but bubbles are (more) about psychology than about the fundamentals. So when the next bubble comes the morons might still buy like crazy...

Litecoin is slipping, ltc-btc pair has dropped 60% in 6 months. Litecoin needs a good burst of good news to recover and I cannot see it happening. Perhaps convert a small percentage of your bitcoin into litecoin to test your theory, buy should convert back if drops a further 10%.

"A rising tide lifts all boats" someone said to me not so long ago.

The reason litecoin went up with bitcoin last time wasn't from fundamentals but from the newly interested people getting into crypto since bull market was steaming along. These people wanted to own a substantial amount of something and at that point along the market uptick, they came in and were only able to afford a few bitcoin and then they promptly saw they could get many more of the second tier candidate, litecoin. These people knew nothing about litecoin having the faster transaction speed nor didn't care either. It was all about hopping on the train that had already left and why ltc/btc rate goes up during these rare events because there's lots of newer people getting in and wanting to have more of one thing than they can attain by holding the other. Just think about the psychology of the the mainstream or those newest to a market and outside one's niche thoughts and understandings of the intricacies of crypto. These newer people aren't initially buying this stuff to spend it, just to make more fiat value to cash out depending where their entrance point was along the track. And yes, I hold of decent amount of litecoin for precisely this reason and play the ups and downs accordingly.

I feel that the fickle consumer will ultimately determine which altcoins succeed.

Based on Litecoin's recent abandonment of development and its goofy name, I think it will eventually go the way of the web crawler. The next big investment opportunity will probably come from a coin currently off the radar.

Litecoin has not abandoned development, stop spreading FUD microguy and get back to your own centralised vapourware goldcoin.

I was thinking Charlie Lee had said on Twitter that Litecoin development had stopped. https://twitter.com/litecamel/status/544807537116479488


In regards to Goldcoin, we're in the final stages before releasing the long-awaited client. How is GLD centralized?

Litecoin's not adding the latest gimmicks (like all the latest pump n dump scamcoins) but its still under constant development like its always been.


Goldcoin has one dev completely controlling the client, maintaining the chain. and you microguy censor anything you don't like within your community and even self mod threads here.

Fair enough. But we're evolving and getting better each day!  :D

(btw ...I haven't censored anything since 2013.)

LTC is the worst investment ever. It keeps dropping and dropping from the chart.
Even Darkcoin manages to stop the downward trend and is going close to 0.02 soon.

Agree, and more than that I quite seriously expect LTC/BTC to approach zero in the foreseeable future. (I do not expect BTC to approach zero soon, thus this ratio is well formed.)

Parameter tweaks were an interesting experiment though, that in theory could have worked (better parameters replacing worse parameters). Now that that experiment has been run the possibility of this happening is vastly lower.

You are forgetting that LTC will halve in about 3 months and a lot more ASICs will be involved in the mining process. Thus will make LTC more rare as it is now. I can't say it is the best investment out there, but you surely can't lose much at those prices so I think it isn't a bad move to invest some money in it.

in this alt coin section you're always going to get litecoin haters (as people here want what alt they're bagholding to succeed) so little hope of any unbiased opinions.

LTC is no investment. Its a fucking casino game by market makers. The lower it goes the more money to make for whales on okcoin. Imagine the profit if LTC price is 10Yuan and goes down 2Yuan (20%) and whales fill their x20 leverage short contracts

Better risk with LTC instead buying some shitcoins with fancy threads, features and empty promises. :) I still believe that low BTC/LTC price is because many people lost their faith in cryptocurrencies and shitcoins are one of the reasons. 

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

Losing money on a coin is always on the table. That's why I said that many people lost their faith in crypto. It's not about hating - it's about the situation in which cryptomarket currently is. I still believe that investing in LTC is not a bad idea at all. Personally I am trying to accumulate as much as I can. I even made a bold prediction about Bitcoin - $450 by the end of April. ;D This can move the price of LTC somewhere between $2,50 - $3,00, but of course that's just a hunch...

I respect your right to make a different call about LTC. I don't disagree about BTC though. Best to you crypto brother.

but a biased btc , monero fanboi you is?

ltc will do just fine as it has as currency especially for the mainstream one huge advantage over even bitcoin, that most closet tech crowd who push the innovation/technology line don't see to get......

Not really, I hold several different coins besides those.

people here may laugh but seeing a few things behind the scene (etf etc) i see bitcoin at $4k by the end of the year and ltc at $200......possibly a few lame alts dragged along if fiat profits your thing.

longterm i see no current crypto surviving as a currency in any meaningful fashion.

i'm guessin dakrcoin and the like....or whatever innovation is the current flavor of the day (not on the attack btw but may come across like that in text).

https://i.imgur.com/vDrLIt1.gif


I will not be surprised if DRK goes over 0.03 - 0.04. More than 50% of the coins are in the hands of 2-5 people so I believe that soon another pump will be made. I'm not touching it though...

Okay yes I have 1 DRK, but that was bought as a bit of a joke, so for the most part no, I'm not counting that.

Besides BTC and XMR I have some DOGE, CLAMS, two of the old school alts other than LTC, a little Ripple, more Stellar, and a bunch of much smaller coins that seem to have promise (long term shots of course).

I agree with what spartak_t just said about DRK.

Why people still invest Ltc?
Compare to Btc, Ltc is just a clone of Btc. It has no innovation. It used to claim Asic resist, but it's failed to resist Asic miner. 

It's simple. One of the main reasons are the shitcoins which popping up each and every day. We have seen much of "innovations" lately. People are forgetting that one of the most important things for a coin is to stay. LTC is here. Where are 100s of others which promised innovations?

Why kill LTC? People who can do that actually are making money of cryptocurrencies. They will kill not only LTC, but their future profits as well. Otherwise it's true... too many scammers since 2014.

I find ltc too unpredictable it has gone as high as $50 and as low as $2. I would stay away because of that. Although it is pretty low right now so there is not much more it can go down.

I don't think anyone is going to deliberately kill LTC, it is just kind of fading away.

Excatly for ltc the price is related to the hype around it more hype higher price, the hype fades so does the price.

LTC won't fad anytime soon unlike 99% of the alts it has a purpose (whether or not its the makers original purpose is beside the point). In fact the more alts pumped out the least likely one will overtake it.

LTC can also stay a tad under the radar while its big brother cops it should anyone have any malice intent.

That seems to be what is happening. Perhaps a lesson can be gained by understanding this tragic descent into irrelevance.

Just going to leave this here for the trolls and detractors.....


coinfire.io/2015/03/23/litecoin-com-launched/

World crypto network https://www.youtube.com/watch?v=gLVwMFWGseA&feature=youtu.be

Musings of a shibe https://www.youtube.com/watch?v=2xe3WQ6Lqgk

http://cointelegraph.uk/news/113704/the-real-mage-on-litecoin-sidechains-altcoins


I got a lot more, this is recent news info and there is more to come. Anyways I know this is centric to me but I do a lot for Litecoin so its still pertinent. :)

Current LTC price is low, because people with ASICs are selling it low. This is one of the main reasons. Other main reason are scams (from which Bitcoin suffers as well). People are distracted for a coins with "innovations". Just look on the posts when some new coin is launched. Almost everyone is asking for innovations and roadmaps. Most of the people are saying: "Nah, LTC is old.. go for "anothershitcoinwithfancylogoandpromises" and get rich in 2 days.". This is going to change sooner or later. We are not in November/December 2013 and people will understand that cryptocurrencies exist because of the coins mentioned above. Yes, there will be couple of more which will slip through with them, but most of the rest will just die, because people are launching/following them only because of the fiat they can earn. Those people don't love cryptocurrencies... they are after the money. When you are doing business you need not only thinking about the profit, but to take care your "baby" as well.

well what does it say to you that the largest holder of your goldcoin only holds to make more litecoin  ;)

innovation or bust trust  ;)   (just a hint to why litecoin will likely outlive most other cryptos if they go mainstream).

This is a problem where people are just mining when there is hype surrounding a coin so they can make a quick buck. If people cared about the coins they would stick around, look at dogecoin that thing blew up was all over the news and everything and look at it now it is way smaller than it once was.

How many people here still believe in LTC? I do. Price doesn't mean "value". As others said there are so many reasons for low pricing, but everytime BTC goes up, LTC follows somehow. Market cap today was $ 66,658,511 , still 3x DRK.

The winners I feel will be those that gain traction with the general consumer. I don't think a coin named after cheap beer and low-tar cigarettes is well equipped to attract widespread consumer adoption.

Further complicate the matter by adding a developer that thinks the coin has reached maturity and needs no further development, and you have a recipe for stagnation and future decline.

Where's the value

https://i.imgur.com/7gW0Sgq.jpg

Hell no,dont waste your money on LTC.

again microguy stop taking coblee's words out of context to spread FUD. coblee simply doesn't want panic so called 'innovative' changes to litecoin like all those other alts that do it simply to pump n dump.

litecoin actually has decent liquidity unlike your goldcoin which has basically no liquidity except when either you or someone who's not even a fan of your coin buys  :o

LTC is cheap. There, three words and you have all you need to know. Jeez, investing is hard, isn't it?

It's just an opinion and certainly not FUD.

After all, I'm not the one that said Litecoin development was no longer needed, Charlie Lee is the one that made that statement.  :-*

na statements like this arent spreading FUD at all are they mircroguy  ::)


well atleast goldcoin will never descend into irrelevance......as its never had a time of relevance to lose  :-*

How did I know kelsey would be in here

Doge succeeded mostly because of wolong's pumps (and Panda's money) and then because of the hype that followed. It is still way too overpriced. If we are talking about coins who succeeded, I will point to DNotes. They never created hype and they are still around. Look at their stable growth.

P.S. I don't have any DNote since months.

https://www.gldtalk.org/devteam/litecoindev.png (https://twitter.com/litecamel/status/544807537116479488)

https://twitter.com/litecamel/status/544807537116479488

This is true to a large degree and a problem we're dealing with by continuous development. :)

I find it hilarious how you try and make it seem like goldcoin a coin with $31 dollars in 24 hour volume is somehow better than litecoin.


your one of the most retarded shills left in this altcoin section.

Charlie Lee is 101% right!!! Adding gimmics makes easier for people to be scammed. The most important things for a coin are:

1. To have strong network
2. Marketing
3. Adoption

That's about it.

100% agree with coblee, we're building a currency here not a spaceship to mars.

and the lead dev of litecoin Warren and the dev team are still constantly working on updates to/maintaining the clients etc coblee is more referring to extreme core changes most other alts seem to be working on purely for the ol 'innovation' pump.

now if you could read and follow you'll note I pointed out this statement by you "That seems to be what is happening. Perhaps a lesson can be gained by understanding this tragic descent into irrelevance." as the FUD  :)

and Trust.

Since you insist on continuing to be intentionally uneducated, again I strongly suggest you listen to my interview on World crypto network https://www.youtube.com/watch?v=gLVwMFWGseA&feature=youtu.be

I address that tweet directly along with Brian Armstrongs altcoin tweet and many other great topics.


Of course, I can surmount right now based on your posts in here that you will refuse to, perhaps even ignore me again. With that said lets agree to disagree and move on like men instead of continuing to bring more disdain in the alt community for honestly no reason.

Can you summarize your responses. I'm interested but I don't want to listen to an interview.

Unlikely to pump significantly. Better investment nowadays is NEM

and i'm guessin you ventured in here for the popcorn  :P

Glad to see someone agrees with me

I'm not sure what we disagree about. I was simply posting a tweet.

How did I make it seem? I was stating that my overall philosophy is that a coin needs constant development in addition to the other attributes mentioned in this thread. I don't see any point in abandoning any single aspect of a currency's evolvement.

From an economics standpoint one should not (outside of simply maintaining a stable client/blockchain or enhancing usefulness with 3rd part addons) be developing any live cryptocurrency, especially anything that involves changing core parameters.

This undermines the whole trustless system paramount to cryptos maintaining any value whatsoever.

Only do any such developments prior to going live.

but this is lost on the whole change to stay noticed and 'innovative' crypto crowd.

Hmmmmm ... Maybe this line can be removed now.  :P

https://www.gldtalk.org/devteam/experimental.png

first valid point you've made all thread.

and to goldcoin client you should add "for entertainment purpose only"

   If you do not have anything clever to say, you better keep your mouth shut.

do not invest in LTC, LTC prices further down. Invest in Bitcoin while it's cheap!

i guessin you're qualified to give investment advice  ::)

Here's my take, FWIW. Bitcoin was modeled to be a digital equivalent of gold. You mine it, it's very limited in supply, it can't be printed or controlled by a central authority. Litecoin was intended to be the silver standard to the bitcoin/gold standard.  What are gold's gimmicks and novelties? What are the differences between silver and gold? How has physical silver remained a viable alternative to physical gold without special gimmicks or novelty that gold doesn't have?  Gold and silver are pretty much the same, and what does one offer that the other doesn't?  Yet people invest in silver just as eagerly as they do gold.  I think many of you forget the basic fundamentals of crypto currencies. They are supposed to be self sustaining and independent of centralized support/control. When Coblee said that LTC doesn't need development right now, he meant it in the way as physical silver does not need a development team behind it to make it succeed. It will succeed by itself, precisely due to the fact that it doesn't need a team of people to make it succeed. Any coin relying on a dev team to keep it alive will fail sooner or later. The coins that will be here decades from now are the ones that don't need a team of people to convince the public they are valuable; the coin does that on its own.

Cryptocurrencies are like operating systems and require, at minimum - updates, patches, and maintenance. These are all forms of development. Development also goes beyond code and applies to things like public relations, community growth, and network health.

Imagine if Gavin came out and said Bitcoin no longer needs development, or if Microsoft quit updating its software. We're in the infancy of digital currencies ... and coins that stop development are destined to remain in the infantile stage.

This is also a competition and there are many competitors just loving this new "no need development" attitude.

https://www.gldtalk.org/devteam/armbar.jpg

Microguy all you're comments show that you either don't understand the context of what Coblee was saying or you're just pretending to be ignorant to continue to spread you're FUD  ::)

https://www.gldtalk.org/devteam/litecoindev.png


When someone says something like that, it's open to interpretation. We simply disagree on the interpretation.

He also goes on later in that exchange and basically says, "it's not up to me, you guys deal with it."

Here's a little insight into what's going on @ Coinbase: https://twitter.com/brian_armstrong/status/569914763263606785

I assume he's also talking about Litecoin (LTC).  :'(

Well, There is this and the leader (TheMage) who supports the LTCGear ponzi.

think you'll find themage discuss that he the links he posted you, you probably even pinpointed that out of the discussion in an attempt to attack litecoin even more.

dude stick to your own coin instead of spreading FUD about others, I mean you have alot to do to prevent the big bagholder with all the premine from dumping all the goldcoin at any time your coin spikes in price.

You just keep saying FUD over and over again without making any valid arguments. Are you in the tenth grade? And I couldn't care less who dumps what.

I already said it, will repeat it again. Charlie Lee is absolutely right about the adoption. Same goes for Bitcoin in that matter. Armstrong's opinion about sidechains was questioned number of times by one of the best developers in altcoin world. Thing is that cryptocurrencies biggest problem at the moment is adoption. That is probably why tech guys try to make something new, which in some cases is not relevant. If you want you can take 1 million coders to work on Bitcoin, make it something HUGE from the tech side.. I'd prefer to hear Bill Gates saying: "I'll invest 10% of my fortune in Bitcoin". Think which will affect the market more.

my valid argument is you are just picking and choosing odds and ends to other statements to use out of context and spread FUD about litecoin.

yes we know you don't care about goldcoin, goldcoin's just a pump n dump for you.

so what FUD am I saying?

yes litecoin is a very good risk/reward price right now, probably a better buy then bitcoin.

I wanted to make a comment specifically on everyone quoting Charles in this thread.

What Charles meant under "no development" is simple.  We are not adding any "gimmick" features to Litecoin protocol. We are making sure that Litecoin remains a stable and reliable network compatible with Bitcoin API.

What we are currently doing is focusing on integration and adoption. 

We have recently created https://litecoin.com and are currently focusing on merchant adoption as well as strategical integration with different service providers.  These things take time and we are not in a rush. We are doing this properly and one step at a time.

The ecosystem has drastically changed over the last few years.  51% attacks used to destroy projects.  Now, they are just dismissed as a natural phenomena.  Pre-mines used to be considered as scams, now they are simply called ICOs.  Super fast coins have been released by people who do not understand things like block propagation time and forums are flooded by people who post on topics they do not even understand.

At the same time, a number of really amazing projects have been created and I truly wish they succeed in their decentralization efforts.

Litecoin has a strong following of people who continue supporting the ecosystem.  The network did not get where it is today by an accident.  IMO the fact that some people have lost interest due to price decline is irrelevant.  I see people get paid for their services and sell products for Litecoin every day.

As Andreas Antonopoulous frequently says "Bitcion is a dumb network" ...and so is Litecion.  That is the beauty of it. The main purpose of Litecion is to provide a reliable transfer of value. Everything else is secondary.