Bitcoin Forum

To remember why Litecoin is the BEST and unmatched !!!!

1 -> China LOVES litecoin;
2 -> Litecoin is a China's Bitcoin
3 -> Never underestimate the Litecoin, just as China itself, the litecoin is a sleeping dragon;
4 -> If China wants to skyrocket LTC, they'll do LTC skyrocket, and BTC's too;
5 -> If Bitcoin skyrockets to 1000, 1200, 1500, 2000 dollars, Litecoin will follow;
6 -> If bitcoin skyrockets, people will MASSIVE trade bitcoins for litecoins (BTC to LTC), because when the bitcoin rises in price, Litecoin rises several more times and the profit will be phenomenal.

Other altcoins, pre-mined, etc? monero, stellar, Ethereum (Auroracoin 2.0) -> easy way to make quick money and we've seen this story before.

Sorry for my bad english! ::)

Just my humble opinion

happiness for all

Best regards from brazil  :D

Litecoin really doesn't offer anything extra and I'm shocked that it's still relevant. It's also assumed to be heavily manipulated which makes it even worse.

litecoin is relevent because though not perfect its the best thing to come out of crypto so far.

Bitcoin is also heavily manipulated. but still LTC is in the present in every exchange sites which has better value among the rest of altcoins.
i believe China is going to make it big later.

I like LTC. Good solid honest coin.

I think it also proves that more tech, tricks, and features doesn't automatically mean more value.

I think litecoins only USP was that it was number 2 crypto and it used to be the most liquid out of all the altcoins.  It was "silver to bitcoins gold".  You could tell because the logo they came up with was silver while bitcoin logo was gold.  
It was also lucky to be the first altcoin.  Coming out just after bitcoin started getting popular.  It's what started the great shitcoin flood of 2014 PND anyone? Stablecoin??

Now that it is not only less volume than Ethereum but also less market cap it's become just another altcoin out of hundreds. It's value propped up by a few stubborn bagholders.  This coin is surely going the way of the dodo very quickly. As soon as china becomes fully aware of the new reality we live in.

The sensible thing to do for anyone holding litecoin would be to rapidly exchange it for ETH before your capital vanishes overnight.

Unfortunately the time of Litecoin is over. It offers nothing significant in addition what is not covered by Bloomberg. They also have not been able to lift significantly the accept places.
Litecoin is sooo 2011. It will go down slowely and the new coins that offers a better technology and are also used in the economy (Ethereum, Nem) will replace Litecoin. Rest in Peace.

Actually Tenebrix was the first altcoin.

Litecoin still have a huge userbase, and a good reputation. ETH have quite little userbase, the devs rushed it into service with a barely working infrastructure, it's reputation varying from "ICO scam from banksters" to "Holy Grail of crypto" and it will take time to settle all of these debates. ETH price is also greatly propped up by PDers as we seen for example last week.

BTW the currently low LTC price provides an excellent accumulation possibility for a later pump :). When/if BTC price goes up around the halving I'd be very surprised if we wouldn't see some big LTC pumps as well.

Good investment for you or the whales?

Chinese does not like "Premined" and bubblEthereum.

They love bitcoin and litecoin, It's enough!

Continue crying haters, this topic has been created exclusively for this  ;D

If somebody build a smart contract system on litecoin, it will have some usage. Otherwise, it is just a clone of bitcoin.

hopium not logic

1 -> YES China LOVES litecoin;  they have a vested interest in seeing it trade well.  But the reality is LTC is just BTC less the high cost of daily inflation ... you push the price to +$20 then you ruin the cost factor and you're on ScryptyASIC tech not SHA256 so the value proposition goes *PooF*

2 -> the market has got it about right $150M in capital gets you $3-$1M in daily volume or about 10% of the daily BTC volume << that is the VARIBLE

3 -> the $ETH ->  ltc is old money, the new chunk of $100M will go to the next new shiny thing ->  LTC is old and will track lock step with BTC in market capital from here on out

4 -> Doge -> slightly ironic but the best argument against LTC is the Doggie it chained itself to -> why -> under $20M can trade $1M, lower inflation, billions of coins, cheap, and FASTER!

5 -> Chinese does not like "Premined" and bubblEthereum ... yes but it hit a level and money is money ... china uses XRP they'll use ETH

6 -> LTC = "lucky to be the first altcoin"^{*Actually Tenebrix was the first altcoin -Snail}

I agree with the fact that litecoin does not really have anything extra or even interesting to offer. but it doesn't change the facts that OP is mentioning.
litecoin has survived this long and Chinese do love it and they have invested in it so I think that is one of the biggest reasons that it has stayed relevant. and it is going to go up and down with each bitcoin price change.

Agreed. And also agree with original poster. Fact is that Litecoin is actually the "silver" coin in Crypto. It's short of like having a more fractionary Bitcoin, and widely used in exchanges by small traders/investors who cannot afford the minimun withdrawal and trade fees of Bitcoin. I feel many people uses them just to transfer Bitcoin more freely, and so if Bitcoin goes up, LTC will likely do the same.

I don't think that other investors from other countries who have popularity in crypto-coins is not averse investments as solid and small, are confident in the success of merchants and the common people, advantages and working mechanism LTC has a place for uncertainty or to minimize the concept, not due to obscure reasons, like solid excuses and not confident critics , although it remains an open question blockchain and LTC in particular as a means of payment , vested value, but the overall speed of the research and at times almost inevitable absent an understanding of the application now questioned but not only LTC , but also other coins , although as a means of payment under LTC total case with their progressive solutions, it remains a good tool for financing

"Google translate....yep....spellchecker....yep...looks good I'll post it."

Thats you


Litecoin is going the way of the dodo.

I thought the first altcoin was Namecoin. it was mentioned somewhere in this forum few weeks ago.  And now its Tenebrix?
Tenebrix doesn't exist on exchange this time. i don't see it on any sites. and their existence didn't seem to last long too. https://bitcointalk.org/index.php?topic=45667.0

Anyway, I like LTC since the start and its way cheaper this time, i wouldn't wait for it to sky rocket before investing.

Yes!  And Litecoin is the silver to Bitcoin, when bitcoin goes, so does litecoin and occasionally litecoin moves on its own  :)

Exactly, in the nest Bitcoin SkyRocket, Litecoin will skyrocket 10x more in price  8)

There is no sliver to Bitcoin. The Bitcoin is divisable, so there is no need for a silver to gold, which is bitcoin.

In any industry their will always be a competition and the crypto world is a healthy competition ,we all agree bitcoin is the prime coin but there should be other alternatives that will complement each other,and litecoin is the best alternative and back up for bitcoin,they both complement each other..

litecoin is going to be the number two altcoin forever

Litecoin has no innovation and is the same altcoin as the one a few years ago. Why do you think Litecoin will stay at the second spot when more and more altcoins are formed to compete against Litecoin?

I don't think so. There is been 0 innovations in litecoin. It's just there because of some chinese whales.
For the common user, lifetecoin has no value.

With or without innovations Litecoin continue holding its ground as one of the top 5 cryptocurrencies from the beginning until now.

With inovations or without inovations, Litecoin is the second in cripto world, like bitcoin.... Bitcoin with inovations or without inovations will be Bitcoin, always

With inovations or not

Bitcoin will be the number 1 cripto
Litecoin will be the number 2 cripto

Sorry for the bad english

And the "cry babies" and haters can start the "mi mi mi" about bitcoin and litecoin  ::)

Namecoin came before Tenebrix.

Wow a very old timer here in bitcointalk just appear. right on man.. i do believe this is real info. I've read it somewhere as well and so namecoin is the first altcoin?

Yes Namecoin was the first altcoin. (Gavin Andresen claims the Bitcoin testnet was the first, but I don't think that counts.)

I don't think they will be in the next 3 to 5 years right know they are in the 4th place behind ripple and ethereum unless they offer something unique or different from what they normally offer they will drip down to number two ,big battle is now going on the crypto currencies

Nowadays China also love Bitcoins, look at large BTC China mining farms - which make thousands of BTC monthly.  ;D

It does what it is designed to do!

what innovations has cash had lately?

If bitcoin was closing tomorrow. I know where the funds would go. Back to USD or into LTC or a tiny handful of other coins.

good point,and i dont know all before read this,some couple month ago i get some litecoin,but i dont know the price gonna rise so high,and i've sold all my litecoin,but now i relize that litecoin have a good price and amount through the year. thanks for post this

for doge its hard to go for moon it will always stay lower at very cheap price.

The Doge has some unique usages. If it does not go to main stream usage, the price will not be too high.

I believe Litecoin will lose that #2 spot in 2016.  It's not just the price, look at how it's 24 hour volume has been slipping with recent competition.

It has already lost the second spot so far. If there is no innovation, litecoin will not be the second coin.

I'm not in the know:  When did it lose the No. 2 spot? 

I am not surprised in the least,  however.   There's no hype about ltc anymore and I don't believe people are actually using it for much.

always amazes me how many newbie accounts continually tell us how irrelevant litecoin is  ::)

now if its so irrelevant why do so many waste so much time telling us this  ???

Litecoin is done and dusted! tell me one reason for it succeed?

i couldn't agree more with this.

people keep saying litecoin has nothing to offer and is the copy of bitcoin, i totally agree but it doesn't change any of these facts which are mentioned here and thus making LTC a good coin for a trader like me.

I've seen so many coins come and go.  Funny thing.  Ltc is still here and still respectable.

Just because a coin has a few months of glory doesn't mean it will last. I've seen more than a few attain a huge market cap only to become worthless over time.

A lot gambling sites still use litecoin as their main coin. That means litecoin still exist and acceptable till today and hopefuly will stay longer. Just noticed some new coins that comes and start getting more attentions cause the price increasing so fast but eventually that new coin price went down and never up again.

As this bubble chart demonstrates lots of interest in Litecoin still. It's been this way for sometime.


http://cryptocoincharts.info/coins/graphicalComparison

The main difference between litecoin and other altcoin is that, litecoin is almost exactly the same as bitcoin.

1.  Litecoin was never a good investment.  It was a pump.  It was my horrific introduction to crypto between ASIC scams with mods assuring a community of trustworthiness, a bunch of early bagholders pumping to $40 etc.

2.  Auracoin was a strict litecoin/bitcoin clone.  Except with branding for a specific country which is pretty much everything crypto is against ideologically (which is pretty much the only thing that gives crypto it's value in the first place). 

3.  In the past Litecoin has had TWO things going for it.

   A.)  Backup to bitcoin.
   B.)  Non ASIC PoW (part of A - as ASICs are part of bitcoins weakness).

Come to think of it I guess three.  It was used for mixing on BTC (trade bitcoin for litecoin, withdraw litecoin and sell on another exchange).

Litecoin has lost both of those.  There is Monero which has a different code base completely so it won't be exposed to other bitcoin weaknesses litecoin will be exposed to.  Also Ethereum, Monero and a host of other coins are ASIC resistant.  So there are better "backups" for bitcoin (or "silver to bitcoin's gold if you will).

I'm not going to go into Ethereum.  I understand people thinking it's 100% presale was ideologically flawed.  Or that PoS is flawed.  But if it isn't flawed then Ethereum has a future.  Litecoin can't even get it up enough to have forums anymore.  No one cares anymore.  Literally no one.

So yeah.  Fail.  Everything litecoin has there is something better.  It has nowhere to go but down.

Baddest investment in the world. LTC has little breath in it. Soon it will be out of breath . Sell now, soon below $2...

Agree
litecoin isn't performing well even after its halving last year,its becoming a complete shit coin.A lot of users lost their money investing in litecoin,DASH is much better then LTC.

Obviously a great investment and well established coin because:

• Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.  
• Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
• The faster block time of litecoin reduces the risk of double spending attacks.
• Anti-spam.
• Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
• Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases
• Upcoming new features and active development look here for whats happening in 2016:
  https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/
• Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
  
• Great community.
• Fully supported by GoCoin a growing payment processor used by thousands of merchants https://www.gocoin.com/
• Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins. http://cryptocoincharts.info/coins/graphicalComparison In fact volume has remained high since last June while maintaining a stable price.

So you mean like the read only archived forums that got hacked and no one really even cared that they went awa?  Or the three people on /r/litecoin?

The litecoin forum did get hacked similar to how bitcointalk did at one time. I was actually referring to the many great individuals I've met involved with litecoin over the years, not to mention the individuals involved in the upcoming new release and upgraded forum. Any other questions regarding listed points?

Get noobs to read this thread and sell their litecoins.

Continue complaining about the lack of tech development.

Let crypto sort itself out.

The winners are not those that innovate the fastest, but those that innovate at the right time.

Litecoin has the best structure of all other alt-coins. China believes in it and it is well connected in the mining community.

Technology can be accomplished in a matter of months.

Community of litecoin and volume it has is something coins wish they had.  <--- Most Important Aspect.