Bitcoin Forum

Is this what we have been waiting for?

segwit and possible privacy getting people back on the train for real or just a small pump today?


Choo Choo...

This is just the start LTC is finally going back up to its true value. 50$ will be a laughable price in the end because Litecoin is going to take back the second spot on Coinmarketcap and stay there above all the other altcoins.

I like what you are saying.

With the recent pumps ANYTHING is possible I guess. Let's wait and see.

Dream， ;D

It's likely just a p&d with the proceeds of the scamcoins.

But I still think even after all this time, Litecoin is still the silver to Bitcoin's gold, it had the fairest distribution and most stable governance. No Ethereum or Dash nonsense. Segwit is on the cards too. I imagine if Segwit gets enabled then Litecoin will take a real market share, but right now it's just hope and that's a very rocky road.

LTC was only coin that didnt come up in last few days and now he started finally to show movement forward. Cant speculate much cuz i sold my amount long time ago for other that are holding at least to come to 10$ would be great for you all. Or the fact that segwit will be launched 1st April.

Arise, chickun, arise.
 
To $20...$50...$200 or more...BWDIK?

i don't think so dude did you notice that EVERY altcoin has been pumped lately, it's not ltc it's not ethereum or dahs, but every single alt even those alt that are unknown, it's about a crypto revolution not a single coin and i like it, plenty of money in crypto now, investors finally learned that crypto is better than fiat

$150

there is nothing strange going on with litecoin.

litecoin has been waiting for its turn to get pumped. ETH, Dash, Monero, Ripple, Decrede,... all got pumped and the altcoin pumpers got a lot of profit now they are dumping all these coins hard and getting their bitcoins/fiat out of them and putting it in other altcoins.

one of these alts is litecoin. it has just started going up and all that profit is now entering LTC markets and will push the price to the moon. i wouldn't be surprised to see $50 in it specially with SegWit on litecoin.

i think ltc going $100
ltc is very long sleepy  ;D

I'm expecting litecoin to go towards 0.03-0.05 BTC again.

Just get your trigger fingers ready for when the real pump starts. This was just testing the waters.

Very annoying... I was toying with the idea of buying some last night and decided against it...  ::)

The theoretical limit is 1/4 the price of Bitcoin. With segwit, if successful, that can be broken. Without segwit, a return to 0.025 - 0.05 is feasible given the recent Bitcoin shenanigans. I think a lot of LTC got sold for Ethereum in recent months, and the bagholders are now in ETH, DASH, and others, and will probably stay there.

chikun choo choo. This coin has been so undervalued for so long. time to take back its spot on top.

impossible, if LTC has a price of $ 50 was a silliness in altcoin market, maybe if LTC has a price of 12 $ in one year, likely two years LTC has a price of 50 $, it makes sense. and when in the next few weeks LTC has a price of $ 50 is the worst possible ETH and DASH will fall to the price of 10 $.

What a HUGE delusion :))) Man, no way it's gonna happen unless some really revolutionary things happen with Litecoin - which I doubt they will.

Ltc price is not yet reach 50 dollar, in early 2016 can get reach 0.03 bitcoin, but in early 2006 bitcoin price only 400 dollar
maybe if litecoin price can reach 0.03 bitcoin again, or over 0,03 bitcoin this mean can reach 50 dollar
because another coin DASH and ethreum is same incraese price until reach 50 dollar

I odn't thing 50 is possible in the near future (this year) but maybe one day when btc is at 2.000$ who knows.

I doubt we will see that, but LTC was a good bet to hold, unfortunately i ignored it. The former ATH may serve as a reference point for whales and maybe they pump it back there who knows.

either btc core or BU should just jump ship to LTC instead of creating 2 forms of BTC.

We can even rename it Bitcoinlite.

  :D hahahahahahaahahahahhhahaha



no

I didn't know that there were that many Litecoin fans. Damn.

Bitcoin Dark goes up $50, "it's manipulation!", but ohh when Litecoin goes up to $6 without any development, "this is the best coin ever!"  ::)

Litecoin is as old as the internet.

this time i won't sell @15$ like i did with dash. and i won't sell @25$ like i did with ETH. i like LTC and the market has to offer my a really good price. otherwise i won't sell.

I like what you're saying. Whoever said in that other thread that ltc is dead, is gonna choke  :D

Arise all Value junkies and get your latest shot for moneyz.

Impossible!

LTC is gonna escalate quite magnificently from here before the next moon phase comes for bitcoin, hope everyone is positioned accordingly. Today's test flight is signalling of what's to come. Get your LTC before it's too late, bitchez!

Do you realize how potentially huge this rise could be? Litecoin is 1/50th of Bitcoin's market cap. We could very easily see a 10X gain here in a short time frame.

Jump on this huge spike in volume trainrocket immediately. I just dumped the remainder of my BTC into LTC (except 1 BTC I have on localbitcoins). The reason is because Litecoin can do SegWit and LN sooner than Bitcoin and Bitcoin probably can never activate SegWit and LN. Litecoin is the escape valve for Blockstream (Core) so they don't become irrelevant:

I have been considering a position in LTC now that it is correcting.

My question is: How can segwit activate there? like what is the state of the mining pools in LTC? we must look at what the big mining whales in LTC are going to do with segwit signaling because as of now, it's only 22%:

http://litecoinblockhalf.com/segwit.php

The good news is, it only takes 75% compared to 95% in BTC, but why is it stuck at 22%? and what are the realistic prospects of this changing anytime soon?

Here's how the stars can align for LTC:

1) SegWit
2) Confidential Transactions
3) BTC forks and BU becomes the dominant chain
4) Coinbase adds Litecoin (not just GDAX)

1 & 2 alone are a $20 target for me.
Adding 3 is a $50+ target.
4 kind of just reinforces the Core chain dying and being replaced by LTC... core devs can start "fresh" on something that doesn't have the bad stigma of the BU fork, and is already technically better than Core: $100+ (bubble, not maintained)

One can dream right? ;D

We've seen LTC do "this" before, so I also won't be surprised if I wake up tomorrow to $4.50 again, much like I woke up to $7 today.


Pools are being lazy, but the other reason could be that whales need time to accumulate positions. Once they have them, flip the switch f2pool...

Because miners have much more to gain by activating it than on Bitcoin, because they will see a huge spike in the value of the tokens they are mining and the supply of Scrypt ASICs can't keep up (with the fast rising price in order to raise the difficulty), so those existing miners will make so much money! Thus they don't have the sunk costs dilemma that is creating the stalemate in Bitcoin.

What % would f2pool switching would get the current 22.5% from to?

Also, if the f2pool guy switches to segwit in LTC, how can he defend his anti-segwit position in BTC with a straight face anymore? (edit:I think i get it now from iamnotback's comment above, i thought miners rejecting segwit because of code reasons too)

https://twitter.com/f2pool_wangchun

Looks like they tried to activate segwit in some altcoin called Syscoin.. also you can see the chink wearing a "hard fork cafe" with some guy that I think its some BU developer... geeez fucking trolls.

Im just unsure to get in LTC because who knows if this is another flash pump and dump like the ones we've seen in the past few days. We need to know if there is realistic possibilities to get segwit for a solid pump.

Compare the volume.

Yeah rather than flash I would have said stagnating from the current price to the flat 2-3 USD price. Its got top poloniex volume so it's prime for either an epic pump or slow motion unloading (if some whale doesn't get nervous)... make your bets.

The economics says (https://bitcointalk.org/index.php?topic=1848055.msg18395019#msg18395019) that a massive move from BTC into LTC must happen.

A massive economic opportunity like that won't be left on the table by the miners of LTC.

Unless I am incorrect about the market dynamics of Scrypt ASICs. Can someone research the Scrypt ASIC market? I'm presuming it doesn't have the economies-of-scale of SHA256 ASICs, because the demand has been 1/50th for such a long time. What are the lead times on ramping up supply? Has the supply been quietly monopolized/hoarded?

I dunno, LiteCoin is defiantly due for a pump, and I’d like to see it get a boost. If I had to take a guess, I’d guess it will get pumped to 80$ then fall back to 60$, although I have no reason other than a gut feeling. Lets see where this goes, and hope it goes “To the moon!”

Won't happen. LTC may fluctuate alot, like between 250-500mil, nothing more. There is simply no reason for a barely top 7 project to climb too much. There's simply not enough demand for it, just a playtoy for the chinese. It's a copy of bitcoin but it doesn't have it's hype, it's brand, nor it's fame.

Everyone will remember LTC as the wannabe bitcoin, a project that aimed low. Every ltc pump simply ended with just higher lows. It was around 4$, so i guess it will level at around 5$.

Don't hesitate! Get on now!

I just sold 33% of my ETH and bought more LTC. I have 633 LTC now.

You apparently don't understand the economics involved.

My hypothesis is the Litecoin miners and the Bitcoin minnows want SegWit and LN. And the whales of LTC want it too, because they can receive many of those Bitcoin minnows.

Ethereum can't be Nash's ideal money. And ostensibly Bitcoin can't get SeqWit and LN scaling activated because of miner sunk costs. But apparently Litecoin can do it (if my logic is correct) and is ideal money.

Ethereum is a different game about blockchain applications other than just money, not ideal money. Ethereum is prolly still going up (maybe 4X from here), but Litecoin has the potential to go up 10X or more (and very rapidly so).

Bitcoin is being disintermediated/disrupted on all fronts.

You chose to role the dice and i don't blame you for it. Litecoin is in the same situation as bitcoin, the only difference is, litecoin doesn't really matter because it's mcap is low. If LTC miners wanted segwit that badly then it could have been activated by now. Even if it activates, nothing much changes. Yes LTC whales want segwit for hype value, but they don't have much to say in it unless they're miners. But LTC's segwit is at 20%+ for ages now.

You made a bad bet unless you exit at the right time.

@mining1 your logic was already retorted upthread (https://bitcointalk.org/index.php?topic=1848055.msg18395019#msg18395019).

That doesn't mean you couldn't possibly be correct, but it seems plausible given the economics I explained upthread that the miners and/or pools have avoided signaling SegWit support while the whales accumulated and the miners prepared (i.e. to quietly hoard all the Scrypt ASIC supply).

I'd prefer to have better information on the details of that hypothesis. But sometimes the chart will tell you all the details summarized into the volume of the move. Money and markets are an information signaling system (imperfect that they are due to centralized manipulation).

The Litecoin volume today is 50% of the Bitcoin volume! Litecoin has never seen this level of volume before.

I hadn't realized the special advantage that Litecoin has for enabling SegWit as compared to sunk costs driven stalemate in Bitcoin. Now I (posit a hypothesis which I think I) understand the special economics which apply to Litecoin at this juncture in history.

Chinaman only cares about money, not ideology. They are duplicitous. It is one of the most important facts you need to know about China. Money and power is what they value. Cold, hard, realities and not the whining ideological nonsense of we Westerners.

Said this last night in another thread and woke up this morning to $7 LTC!!

Thought about it for an hour or two, then decided I better load me up some LTC. I can see things being interesting if it gets Segwit/LN.

Think of it this way; for your theory to work, would mean a part of the money would have to move from bitcoin's whales to litecoin. BTC already has a civil war, a huge flippening threat from ethereum, and now you're telling me btc whales desperately want ltc segwit to pass and are boarding too with a part of their money ? Can't be, btc whales are not suicidal, they would risk too much. If they wanted to exit, they would have done it by now.
Whales will simply not risk their wealth for something as dumb as this, kill the largest part of their wealth just to move it into another coin lol.

LTC's volume is just a pump. Most of btc's value that moved away from it in fear, moved into ethereum. But know what all these other altcoins had in common ? Each of them had their own shares of pump series, because they all tried to attract the money flow from bitcoin and into making people believe there's where money's moving.

Great I hope it surpasses the .01 price I paid for it in 2015. Would be nice to make some bux while holding bags so long. I'm gonna ride this one out to the end. I hope we see $100 LTC.

So he pretends to hate SegWit so he can quietly accumulate LTC and Scrypt ASICs, then later he will say it is best to test out SegWit on LTC first so don't risk Bitcoin's safety. Or what ever BS he needs to say for his public face. Chinaman's private face is always about money. Public face is some BS about a better society.

---

Update:

Incorrect logic. Only the disgruntled minnows need to move (https://bitcointalk.org/index.php?topic=1848055.msg18395576#msg18395576), and remember (in a Zipf distribution) the minnows do control 33% of the wealth, but they just aren't usually organized and can be manipulated by whales. But there is something else maybe going on, which is that those BTC whales (and/or dolphins) who are on the scaling side of the civil war, now have a way to increase their relative wealth while getting the scaling they want. They can't act within the Bitcoin ecosystem without getting burned. But they can trade.

LTC provides a proxy for the various parties to profit on resolving their differences. Money moves in the direction of the least resistance and that which allocates capital to the most production.

LTC might flag pattern here a bit (pull back a bit) while the market digests whether Bitcoin is really stuck in a stalemate with ever rising fees. But it is very likely going much higher.

Remember silver is the money for the common man. Litecoin is the silver to Bitcoin's gold. Bitcoin is the money for the small blocks with very high fees. Litecoin will be the scaling currency. Of course the smart miners and developers had a plan B. It makes complete sense now in retrospect.

Litecoin will now be known as the scaling currency. Bitcoin will be known as the power broker's settlement currency.

What's coblee talking about omni and tether for?

What's his next move here?

Higher lows after each pump are indicative of long term demand.

No, just bagholders that don't wanna sell at a loss, which ends up in a slow bleed.

:) sure but regular man will be able to use ETH DASH... LTC is another Chinaman currency.
Once ETH will adopt LN and stuff like that i don't see LTC becoming that "silver"
silver where minig is like 80%-90% in China miners. That is why during those pumps not mane has given a fuck to LTC
there is no innovation just self proclaiming "silver" i don't buy that shit.

DASH is leaving life so pumper went to another 3 letter this time LTC coin that is dead all most  all time.
Coin that has like 4k transation and that one need segwit :D ?
Last week with BTC problems people tush so much into LTC to use it that is dropped form 3400tx/day to 2500tx/day :D..
What went wron people moved to ETH ? Is Chianaman plan failed ? So lets pump LTC now
This is pure pump and and it till it last i don't see any reason for it.
siver for people FUCKING joke :D guys.
Same time ETH rise have fundamental with transactions 1/3 translations of BTC and 1/3 of BTC market cap while LTC :D ... 1/120 transactions of BTC while market cap 1/53.
So fair price of LTC should be like 120m market cap... :)
Pump can be good but :) i am not in it.

Fuck that whole situation tell me that BTC bull is OVER SHITTTTTTTT :D


https://bitinfocharts.com/comparison/transactions-btc-eth-ltc.html



If i were bag-holder i would sell today 80% :D and forgot - because LTC have nothing behind it.

Those 2 cents altcoins are irrelevant. Litecoin has the status to be the silver to Bitcoin's gold.

LN will provide scaling but in the form of private banks fractional reserve banking. It is scaling, but semi-centralized with settlement back on the blockchain.


Ethereum's Raiden which is a LN clone will likely be ready sooner, but Ethereum doesn't have the same security (due the hacks possible with its scripting and willingness of community to do HFs) as Bitcoin and Litecoin with more mining as it scales up to 1/5 of Bitcoin's marketcap. Ethereum is in a different market of doing more applications with blockchains, not just payments.

There is a reason that Scrypt ASICs were made. This plan for Litecoin has apparently been made a long time ago. Some smart people had foresight.


I posit that LTC is changing from weak, tired hands to strong hands who know the real value proposition. Once the weak hands are out, then we continue skyrocketing upwards.

Half of the entire marketcap of LTC was traded today. I've never seen that happen any where.

you know what if i really want "silver" i would use fucking DOGEcoin much better silver than LTC.
And with whole blocksize crisis NOONE movet to use LTC all network flown to ETH so that "silver" data is BS to me.

If that LTC was 2ndary layer to BTC people will use LTC insted of rushing to ETH :)

https://bitinfocharts.com/comparison/transactions-btc-eth-ltc.html

Just alts pump are over and whales just pump now random shit like always.
People pump any shitcoins today like in 2013 at end of BTC pump.


Like that would be reason for people to chose LTC over ETH come on.
ETH was attacked multiple times and what they live at 2-5 bilon market cap all  time.
who will attack ETH ? This is same reason like for POS and whole Nothing At Stake drama whole are saying and saying but noone actually can't do it while 51% attack are common in POW.


Sure but they don't need it yet with just like 100k tx/day

Dogshit isn't silver:

https://i.imgur.com/wR18Mf3.png

Chihuahua WoW has no SegWit/LN nor quality development.



You act like the DAO attack and community HF never happened.

Different security model entirely. Not immutable, more risk given Turing complete scripting. Yet also more experimentation for killer blockchain apps. Ethereum is a different market than what the silver to Bitcoin's gold must be.

I'm still invested in ETH because blockchain applications are going to have utility, and Ethereum is racing ahead faster with developments.

lolwat? Are you serious? Fucking Dogecoin over LTC?

His preference is apparently because he only wants a coin that barks WoW and fucks. So LTC (silver) doesn't qualify.

This image has been doing the rounds the last week lol
https://i.redditmedia.com/F7DAcwbpm2KH7hrmALon0NxONOu5ZPKgya2zif4Ljmg.jpg?w=768&s=0ed01455ce759a4c753a7c234172c405

As a longtime Scrypt miner, I'm happy with Litecoin just breaking out of it's long-time $4 more or less range on the high side. Profitability well over doubled for me today. 8-)


 I just hope it stays above $6 for a while - it took a month or two to drop out of the $5 range when it spiked last year.




 Doge was never intended to be a real coin - devs stated from very early on it was intended as a joke, just that it's meme caught on for a while.
 Doge is nothing but junk now, ever since they decided to allow it to be merge mined it's had NO future on it's own.

It would also tie in with the threat to change from Bitcoin's PoW while having a viable system in place. Litecoin isn't quite a drop-in replacement for Bitcoin, but at least the change wouldn't be as painful as with others.

Waited for the dip, dip happened, got in at 67, now 76, good money so far.  For how long will you hold? It's yet to be seen if we can pass the 80 top.

Regardin miners.. I remember reading some miner claiming how they had enough millions in mining power to attack bitcoin regardless if they changed to scrypt, X11 or any other algo. Not sure if bluffing or serious.

Happy to see you made a move.

Fundamentals are such (https://bitcointalk.org/index.php?topic=1848487.msg18397949#msg18397949) that we should be going back to $30+ at least (of course nothing is guaranteed, make your own choices). Hang on tight.

It could get volatile so don't set a stop loss too high unless you want to get stopped out too soon. Don't trade unless you are good at trading.

You will understand how good the relative fundamentals of LTC are when you read my upcoming scathing analysis of Decred (https://bitcointalk.org/index.php?topic=1831784.msg18398297#msg18398297) and PIVX.

There really isn't much in the way of quality altcoins with valuable attributes other than a handful including LTC, ETH, XMR (but in my opinion of the chart, XMR needs to go down to $15 first).

So the new (higher efficiency) ASICs supply is limited. Exactly fits my hypothesis! By raising the price to a new level with SegWit activation, they will maximize their revenue if they have quietly locked up all the coming supply of new ASICs.

Are you claiming the SegWit activation isn't coming?

You see by getting all these miners hooked into an investment where they need higher prices, then they need to activate SegWit. It is a very clever strategy.

Sold half of my LTC at 72 because I was expecting a correction. Let's see if it stabilizes at 50-60 to get ready for further pumps or else we'll see the good ol slow motion post pump stagnation till next pump. I'll hold, we are coming from all time lows, it would be sad if it goes even lower and I think there are good chances it will not so I guess it's safe to hold and see what happens.

In what grounds LTC would go all the way up to $50? I think that all features that were new when it was launched now other altcoins have done better. I'm not saying that it is worthless, but I also believe that the rising in the price has to be a reason behind it. I can be portfolio diversification (an investor trying to reduce his risk), or whatever, but we have to find a strong reason to endorse a rise to the $50 level.

He he, that is funny. Oh wait you’re serious? I guess everybody’s entitled to their own opinion.

I’ll stick to LiteCoin as a backup coin. It’s really due for a pump.

I really believe SegWit / Lightning on LTC makes a ton of sense!

The exciting thing with this idea, is that unlike with the BTC stalemate, the various parties (Miners, Whales, and even Blockstream) involved in LTC may have aligning goals!

Miners - As iamnotback points out, a huge bump in price/volume combined with tight supply of ASICS makes this very profitable for them

Whales - just like with BTC whales, they want SegWit because it's going to allow greater adoption, therefore higher prices

Blockstream - If they can't get Lightning on BTC and LTC comes along, do you think they won't move elsewhere to remain relevant? There is a lot of investment in Blockstream, etc. and I doubt they want it completely wasted on a BTC stalemate.

Seems like a win/win for everyone. Maybe not so much for BTC in one sense, however, in the end I think it clears the way for BTC to continue on as the ultimate store of value crypto.

Not selling under 50 $

The way I see it, if a coin with a 27% instamine within 48 hours of release, two name changes and a reduction in max supply can reach $100....

Then LiteCoin with its fair mining, historic high of $48, and widely distributed holder base should be able to reach up pretty high.

LiteCoin is the 2nd most known cryptocurrency to BitCoin even by people who don't hold either.

It remains to be seen, ultimately it will take whales with faith.

Charlie seems to be jealous of that too because Decred is another variant of that dogshit.

I am still sticking with my hypothesis, but seriously someone needs to shout out to Charlie to stop ruining his reputation:


Click that to read the gory (math, economics, and game theory) details.

PoW is only immutable on the master blockchain. The lesser altcoins can be manipulated by arbitrage employing the fulcrum of the master Bitcoin. Litecoin appears to ready to lose its immutability and adopt SegWit because the miners and whales (who are the same in both BTC and LTC btw) are able to take advantage of the ability to dominate a lesser market cap with a greater one. This creates a game theory opportunity where the previously manipulation of LTC to force it to be undervalued will now be reversed so that there will be scarcity of mining supply thus motivating miners to vote for activating SegWit to maintain the ramp up in the price.

Click and read these for details:

https://bitcointalk.org/index.php?topic=1848055.msg18399606#msg18399606
https://bitcointalk.org/index.php?topic=1848055.msg18405746#msg18405746


That is exactly what I was thinking because the tail doesn't wag the dog. Thus the high finance in Bitcoin (think of MPEx at its peak) will remain the master of the slave "sidechains". Note the Blockstrream Sidechains concept is insolubly insecure (find my discussion with @ArticMine about that), so the altcoins will be the "sidechains".

Thus the BTC whales (or dolphins) who also move early into LTC (in order to increase their share of the crypto ecosystem) are not doing harm to Bitcoin. They are making Bitcoin stronger by alleviating the mismatch of immutability to Blockstream's plan to get versioned softforking into the protocol (hidden in the SegWit change), which would upset the balance-of-power that Satoshi designed.

Better to put that level of protocol mutability into an altcoin, so the stalemate Nash equilibrium game theory of master ideal money (i.e. Bitcoin) isn't threatened. Alleviating that threat enables the entire crypto market to move forward so we get on with the adoption and upward prices.

So that is why I am not selling LTC now, unless something comes along to indicate that my hypothesis was incorrect.

So I see prices ahead:

BTC: $2000+
LTC: $40+
ETH: $150+
XMR: $40+ (after a dip back < $15)

(Apologies I don't yet think in terms of a BTC unit-of-account)

It looks like f2pool is doing something... If this news is true, this may be a good thing for Litecoin: https://www.reddit.com/r/litecoin/comments/62nuwq/f2pool_just_signalled_for_segwit/

If I were a whale I'd pay me to STFU. :D

F2Pool just signaled and LTC exploded from $6.4 to $7.5 on huge volume. This will put segwit at 55-60%. This will leave two more main pools needing to activate to get there. My guess is the whales will form new bases and pump before each subsequent pool activating.

I think LTC has a new base at $6+ now. This sets it up for another pump to $10 (which will be the highest price it has been since the 2013 bubble), and then either BW or Batpool flipping the switch putting us on the brink of segwit. The FOMO will get unbelievable when we are sitting at 70-71%.

Did F2Pool just signal SegWit on Litecoin (https://bitcointalk.org/index.php?topic=1663070.msg18409173#msg18409173).

---

 The older Scrypt ASICs were made because LiteCoin AT THE TIME was by far the second-highest valued currency, which made the market big enough that the ASIC makers were reasonably sure they could profit from making the ASICs.

 It says a lot about Litecoin (Scrypt) that it's the only coin OTHER THAN BITCOIN (SHA256) to have had multiple years and multiple generations of competition in ASIC-based miners.


 I don't see SegWit having a significant impact on Litecoin. I also suspect it's going to settle back into it's long-term $3.50-$4.50 range quickly after the Bitcoin "potential fork" issues get resolved - and I figure that resolution will also hammer current inflated pricing on most of the altcoins that have seen big rises the past month.

 The supply of ALL current ASIC for cryptocoin mining is limited because the availability of FAB SPACE to make the chips is overloaded.

 As far as I know, there are STILL only 3 fabs in the world that can make the current 14/16nm parts:
 GlobalFounderies (largely tied up with work for AMD and IBM due to how GF came into existance and who it got it's founderies FROM and the contractual requirements from that history)
 TSMC (hello Samsung, NVidia, and other LARGE customers having high priority)
 Intel (which only makes parts for Intel internal use and is also likely running at or near capasity).


 It has been obvious for a while that Bitmain has been selling as many S9/R4/T9 units as it could get the chips for - and that they haven't been able to get enough chips for THOSE to satisfy the demand, despite the poor reliability of the S9.

 It seems likely that Bitfury has had delays in selling it's new chip to others at least in part to that same issue, and probably was using all of it's supply for internal deployment for months.

 BW.com probably put it's "sell miners" plans on hold due to having a hard time getting enough for IT'S internal usage.

 Caanan doesn't seem to sell enough Avalons to have had major shortage issues.



 No conspiracy theory needed, just examination of the facts regarding high demand vs low capasity SO FAR to make the new-node chips.



 It even seems to be affecting Baikal to a degree, despite them being on an older process node - though I suspect that the issue there is more that "we got hit by unexpected demand that cleaned us out overnight and there is ALWAYS lag time getting a new batch of chips ordered, delivered, and machines built from them" even on mature process nodes.
 Even mature node fabs tend to be booked ahead at least somewhat, especially if the node is less than 3 generations old (a lot of AMD and Intel support chipsets, perhaps ALL of them are STILL built on 28 or 32 nm 'cause it's a waste to make those on 14/16 or even 22).

The market already knows the BU fork died. But the market knows that we need scaling else adoption will falter due to very high transaction fees and delayed transaction confirmations.

The miners are not going to enable SegWit on Bitcoin because they are making a lot of money by not doing so. Yet some of those same miners and ASIC manufacturers will make a hell of a lot more money by activating SegWit on Litecoin.

It's happening.

You mean from Bitcoin transaction fees? But wouldn't they make more money with segwit and BTC price going up?

Litecoin offered no compelling need to exist before the SegWit impasse. Now it has a very, very important reason to exist.

Chinaman mining industry was keeping Litecoin low to prevent any serious competition to Bitcoin, and to prepare to have the power that they have now to incentivize activation of compelling protocol changes by allowing the LTC price to rise which causes ASIC demand to outstrip supply. I explained the dynamics upthread. The mining industry makes a huge profit with this move. The Chinaman is a chess player.

Re-reading all my posts (and clicking all links in posts) in this thread and the other thread (https://bitcointalk.org/index.php?topic=1848487.msg18399576#msg18399576), will bring holistic understanding.

---

The above quote answers the following question:

It all remains yet to be seen. After all, this increase is barely just 2 days old; and in combination with some of the other alts (and some doing crazy) increases recently, it kinda reminds me of the LTC ponzi pumping in mid 2015...

Low power Scrypt ASIC is out of stock (https://asicminermarket.com/product/l3-litecoin-miner-250mhs-400watt/)!

---

A chart communicates more effectively than 1000 words... (https://bitcointalk.org/index.php?topic=1663070.msg18421588#msg18421588)

iamnotback, so is it the good time to buy some LTC for holding? or can we expect a little correction now?

Yea, I’m kind of wondering the same thing. I have no idea if it will start going back down or continue going up; and I’m thinking I’ll either buy or dump soon. Any advice?

I cannot understand certain things here,how come miners are able to make a lot of money by not enabling Segwit and how come the same miners and manufacturers make a hell lot of money by activating it on litecoin,it does not make any sense for me,would you care to explain what you are talking ,and BU cannot be ignored altogether.

I do not mind if it is a ponzi pump or cycle pump i just want to see the price of litecoin touching its all time high valuation and i do think the price does not do justice to the coin and it is one of the most  stable coin around,so any rally will be a good one for the holders of litecoin and i do  expect them to make some splashes every now and then. :)

I don't mind it either what is cause to its price increase, since I'm mining this coin for quite some time  :)

I appreciate iamnotback analysis's and read them with much interest, yet it's the sometimes crazy increases on several alts lately (the LTC included) that makes me wonder what's going on at a broader perspective... Watching the development as it goes with interest  ;)

If you don't understand this, then you need to read all my writings and follow all my links. I don't have time to re-explain it all again.

http://reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/

The price of LTC wasn’t that low to begin with, to say it was sleeping, not many people can be millionaires with this if it raises to $50. If you got in early like couple cents on a litecoin and yeah you can be a millionaire now but if you were a litecoin guy for like past year, you won’t get couple grand into million with these price surge.

Litecoin is going crazy. Target: Find Planet X 8) 8) 8)

I'm so glad I bought yesterday at $9.20.

I expected LTC to grow when it was $4 but I chickened out.
I'm ready for a $20 price now  ;D

$50? i hope your joking, we will never see that price again, only upwards from here is bitcoin and and thats $5000 2020

My prediction that BTC would remain range bound until LTC catches up, is so far proving to be true.

The simple reason for this is that the market is not stupid. The market knows that Bitcoin can't ever get any scaling improvements (https://bitcointalk.org/index.php?topic=1663070.msg18459085#msg18459085) to its protocol. Bitcoin will forever be relegated to small blocks, because it was intended that Bitcoin be the most reliable (i.e. no experimental shit) settlement layer for the power brokers of finance. As the fee per transaction rises to $10 on Bitcoin over this year (and let's guess $100 per transaction by 2019), then most of us will not transact on Bitcoin any more. We will transact on Litecoin. And Blockstream will transfer its efforts to Litecoin, which will give Litecoin legitimacy.

So Bitcoin can't move higher until it is assured that Litecoin will provide the scaling solutions that our ecosystem needs so that blockchains can begin to invade the mainstream world of payments systems and fractional reserve banking. Upthread I explained why Ripple is dogshit (https://bitcointalk.org/index.php?topic=1663070.msg18449535#msg18449535), so I expect once it becomes clear that Litecoin will have Lightning Networks coming, then Ripple will collapse. So the smart money should be moving from Ripple to Litecoin.

Note the current jump to $12 looks like it might be overheated and too fast, so I'd be cautious about buying too much too fast. Average in your buys in case we get a dip, but do get some now (nibble) if you don't have any because price can run higher yet. Yet I remain adamant that Litecoin is easily going to exceed $30 and probably $100 before the end of this year, unless somehow SegWit activation is defeated. At the moment SegWit signaling is at 70.8% for those blocks in the last 21 hours. We are very close.

Some myopic people haven't realized that Litecoin needs scaling because it will be receiving all the excess volume from Bitcoin that can't fit in Bitcoin's small blocks, and because the volume will increase exponentially with Lightning Networks enabling private fractional reserve banking and the banks will evangelize Litecoin ecoins to the masses. Litecoin either grabs this opportunity, else Ethereum will take this role with its coming Raiden clone of Lightning Networks. But Blockstream is not going to let that happen. Bobby Lee of BTCC is the brother of Charlie Lee the creator of Litecoin. BTCC will push SegWit activation over the 75% threshold with its GPU farm that is mining Ethereum, if need be.

Also myopic people don't realize that block size increases can't scale because due to the equation on orphan rate, orphan rates increases exponentially as block size increases. Exponential worsening is the antithesis of scaling for anyone who understands math and computer science. I also explained why Xthin is no solution to this dilemma (https://www.reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/dfr6db5/).

I traded the high 0.0113 and re-entered at 0.01. I am and have been 100% in LTC since $6.50. I invest based on fundamentals and my conviction. I am not really a trader.

I think it may push higher from here, but even if it dips to 0.009, I am happy holding this position, because all BTC holders who want to pay for goods & services have to come to LTC over the next year or so, else they won't be able to afford to transact. Speculation in BTC can of course continue on exchanges at low transaction fees because these aren't blockchain transactions, but if you hold your balances always on exchanges, eventually you will lose your money due to hacks and thefts.

LTC should rise over the next year or so to at least 0.05. It will likely overshoot to something ridiculous such as 0.2, due to way greater fool mass manias and speculation play out.

So 0.01 or 0.009 is splitting hairs. You run the risk of chasing it and never getting on board.

Bitcoin will never get SegWit, Lightning Networks, nor larger blocks. Anyone still talking/writing about that are wasting their breath/fingertips.

Right now we are in the attitude readjustment phase where Bitcoiners slowly pour cold water on their face and wake up to reality.

We can't get 95% to activate SegWit on Bitcoin without Bitmain's approval. They have every right to protect their patent's value. Those who think Bitcoiners will rally to fight him are socialists and communists, who deny capitalism, game theory, and economic reality.

We can't lower the 95% threshold for Bitcoin, because it will cause too much risk and wild price swings.

Also we shouldn't be putting such experimental shit on Bitcoin. Bitcoin is supposed to remain reliable.

Sorry Bitcoin will remain unmodified, as Satoshi (aka Nash) intended its equilibrium game theory to be a clusterfuck of politics insuring the immutability of the protocol which is what gives Bitcoin its trust and value.



Got LTC yet?  :P

 To be technical, ASIC miner CHIP manufacturing on the 14/16nm node is in either Taiwan (TSMC fab with input or part-ownership by Samsung) or New York State of the US (Global Founderies, ex-IBM fab) at this point.

 The MINER manufacturing is largely China (Bitmain, Innosilicon, Cannan?, BW.com, some of the announced BitFury makers) but it's also spread out a lot (other BitFury miners out of the old USSR areas, BitFury itself, and at least one other US major farm in the making that has designed and is using it's own chips).


 Bitmain in particular has shown a LOT of issues with getting enough chips to make miners with- when you have LARGE companies like NVidia and AMD having availability shortages on their new cards that they plan to sell millions of, a small company like Bitmain has to settle for what capasity is left over (and keep in mind that AMD has long-term contracts locking in capasity at Global Founderies due to the ex-AMD fabs being part OF Global Founderies dating back to it's foundation and their sale TO GF by AMD - and a lot of the rest of GF capasity is locked into IBM for the SAME reason).

 

 If there is a fork that disabled any current ASIC miners, the result would be to make the coin that forked away almost worthless while there would be another coin that would take over due TO the existing miners not being able to move from the existing blockchain/infrastructure.
 In other words, if any "change POW" fork happened to Bitcoin, it would largely KILL Bitcoin in a hurry - and if it happened to Litecoin, it would kill Litecoin even faster.

Yeah I hope that you are right about it,
Lets just watch while this coin gets real pump up and earn through it.

The SegWit signaling has fallen back to 68 - 69%. One could postulate that all spare capacity for mining LTC was already brought onboard with the recent price increase. And that Bitmain will gradually eat away at that by producing more L3s which they keep for themselves to mine on LTC and block SegWit. The competitors may not have much resources as Bitmain, or just the fact that the L3 is twice as efficient as the A4 competition. I am not sure if that is the only scenario though. Maybe BTCC hasn't yet unleashed their GPU farm on LTC because perhaps they want to wait for a higher price. Maybe they want to stimulate one more price pump before making their move. There have been hacking attacks that have moved hashrate to different pools (https://bitcointalk.org/index.php?topic=1857162.msg18476366#msg18476366). So I don't know if a similar attack has been employed on LTC pools. I noticed some significant change in the LTC pool distribution compared to yesterday.

https://web.archive.org/web/20170406082911/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

I had the thought that even if SegWit doesn't get activated, Litecoin has 4X more capacity in its blocks than Bitcoin, so it will have lower transaction fees. Yet I don't know if that would be compelling enough without real scaling.

Edit: Okay I was mistaken in thinking the activation period was only 24 hours. It is 2 weeks:

https://www.reddit.com/r/litecoin/comments/63nb70/how_long_does_it_need_to_be_over_75_before/

Edit#2: Ah I see it must be a specific retarget period!


Thus perhaps we can expect that BTCC won't throw its GPUs at LTC mining until the next block retargeting! Important find.

The next block retargeting begins in ~30 hours, and the following confirms the two week activation period:


Since a retarget period is roughly 3.5 days, that means the prior 3.5 day retargeting period did not start with ~69% signaling.

So I conclude that we might see fireworks ~30 hours from now.

Ah yes, I remember this from when I was researching mobile-CPU friendly PoW hash function designs in 2016, that Samsung had an advantage on 14nm chips for mobile.


So doesn't this favor my hypothesis that Litecoin's price rise means ASIC supply is constrained thus hashrate will not rise as fast as price does, and thus older 28nm stock should come into mining and it should signal SegWit, because those guys want to remain profitable at higher prices.

I see that there are still a couple of KNC Titan Scrypt miners for sale on ebay. And as the price is rising the A2 Dominators are becoming viable to mine with. I see a shit load of A2s for sale on ebay at really cheap prices ($200, etc). You can practically but them for nothing and when the price rises enough you could flip then for a profit I bet. I haven't actually run the calculation to see at what price the A2s are generating enough profit.


Well I thought the whales if they wanted could sell the fork with the ASICs and buy the one with GPUs, but I guess you are arguing that the other speculators wouldn't follow the whales and that there would be two forks that would survive? Eventually the new fork would get ASICs if the whales stayed on it long enough, but it would take a while.

But as blockchain security grows into a $billions annual business, then whales will have more control over ASIC chip manufacturers.

yeah i don't see what is the sense of segwit with litecoin, if they don't need more than the current 4x capacity they have over bitcoin, and you made a mistake about mining and gpu, because litecoin is plagued by scrypt asic, there is no gpu anymore on litecoin, or did they changed the algo maybe? i think they can try to change the algo and make litecoin great and decentralized again, litecoin can take more risky routes than bitcoin, and have a better success than now, litecoin in the past was more popular and asic killed it, i hope they at least think about this possibility

I sold my LTC. It broke down out of the symmetric wedge. Now we have to see if it is a false breakdown with a pullback. Otherwise it is headed back to 0.0075 or below. The market apparently is very doubtful, so maybe we have to pullback and reload.

BTCC could mine with their GPUs at a loss in order to push it over the activation threshold given the relationships involved, which is detailed in the history of my comments.

The argument has already been made numerous times against your scaling myopia. Please read all the history of my comments.

Probably my last post on LTC:

---

Clevermining just supported Segwit support with Block 1180894 Before they weren't supporting Segwit another 24ghs hash for segwit woot woot!!!


Not a lot but every little bit helps.

75% here we come as long as Antpool doesn't f up the segwit they are trying really hard to block segwit on litecoin.

https://www.litecoinpool.org/pools



"Iamnothere" who owns or controls LTC1BTC pool is that Antpool clone?

raining with sells on LTC

Time to buy is when fools are selling... let it drop buying more!!! Fundamentally nothing has changed... we are still inching towards segwit activation unless one of the pools signalling yes switches to NO and we drop.

Who else is tired of this shit? (https://bitcointalk.org/index.php?topic=1858873.msg18488315#msg18488315)

0.016 for ltc this year.

I don’t know, I mean $50 is a whole lot, last I checked it was around 10$ish and the bitcoin bull market will keep all altcoins to a minimum increase or even bear markets. That is why I don’t think you should hope for a raise and sell.

I do however believe it is high time people start buying LTC, don’t buy it at once tough, just keep buying at every 2% price drop. That way you can dilute your way and when it increases you can sell. Long term thinking tough, not like a week of result, maybe 4-6 months.

Yes, I’m very much tired of that :(. I really hope this will end well and not end up collapsing bitcoin (then most all altcoins will probably follow because the trust of cryptocurrencies will be destroyed).

FYI, I sold some STEEM and bought more LTC on this dip.

I will continue to buy LTC with every thing I can find. I have 1 BTC in another account which I will probably transfer to Poloniex so I can buy more LTC.

The volume on LTC is building. LTC has far too high of volume lately to stay so undervalued. The pressure is building. Also, fiat is coming into LTC via Coinbase, so that in my mind is enough to push LTC's price up regardless of SegWit activation.


My thesis of both the rise of price outpacing hashrate rise due to constrained supply of ASICs, thus driving miners to increasingly signal SegWit, plus my thesis that "It Is Just Time" and that Bitcoin can't rise (willl remain range bound < $1200) until Litecoin catches up to $30+, seems to be holding as truth.The huge volume on LTC tells me LTC has become the #1 altcoin, the pressure is building for another upward explosion in price, and it extremely undervalued. LTC is starting to average more volume than ETC.

---

It is impossible for it to reach 95%.

Jihan Wu will never allow Blockstream to exist on Bitcoin. And I already explained he has checkmated Blockstream with his Bitmain covert asciiboost hardware spread out all over in the wild, which he can activate at will without even implicating himself nor Bitmain. Perhaps you missed my elucidation on that.


I would, if I had a house. Seriously. I am selling everything I can find to buy more LTC.



Within the "current activation period", it has been steady at 64-65% since my post which quoted.


Jihan Wu is playing along the game. I never said he wasn't blocking SegWit on Litecoin. But as I wrote, there is 20% of hashrate that was temporarily pulled so the signaling reduced from ~70% to ~62% but since has climbed back to ~64% because more and more other miners are switching to signal SegWit because they are starting to understand the price dip is due to signaling.

As the base of signaling builds back to 69 - 70% again, that 20% hashrate can return and push it over 75%. That might BTCC who is moving that 20% hashrate to and from Ethereum (their GPUs mining farm).

Since BW has stated it will soon signal for SegWit, perhaps some of that hashrate that Jihan had there has been moved to Antpool. Jihan may have been using proxies to hide or influence the decision of other pools. Any way, as I stated before that the hashrate game is too obfuscated for me to determine definitively, but the trend of LTC is now undeniable.

All roads to scaling lead to LTC.

Get on the train or be left behind.

---

The volume is indeed insanely high.

http://img4.hostingpics.net/pics/790250LTCApr10Volume.png

$98.5M in the last 24h. LTC Market cap is currently $417M

$98.5M / $417M = 23.6%

I can't see LTC not going up again  :)

Thats how you make market 1 person sees volume and sees accumulation and other sees capitulation!!!

half glass full half glass empty!!!

when price is changing volume goes up too, it doesn't matter if it is changing for the better or for worse (down or up) and it only shows people who are making trades to take advantage of the changing price in short term aka day trading. and you can't say it is positive. and in this case the high volume shows a massive dump in the past 24 hours.

what is positive and shows good signs is when price is stable or with little change but the volume is high which shows accumulation with smart money coming in without anybody noticing.

i am not saying litecoin can not go up again, i am saying your conclusion is wrong.

The volume is extremely high but it is not a panic waterfall collapse. That to me is very bullish. It indicates to me the smart money is trying enter at the lowest price they can before the next blast off.

Nearly all the altcoins are down because the market is confused and thinks that Blockstream has defeated Jihan Wu's BU, but I expect BTC is topping out at $1200 (range bound as I predicted many days ago) once the market realizes that this BS about SegWit signaling on Bitcoin gaining momentum is nonsense. Bitcoin will never get scaling. The market will digest this, Bitcoin will stumble and Litecoin will rocket up.

The market is stupid because Bitcoin will actually benefit from scaling on Litecoin, but the market has to go through its gyrations. In any case, my thesis is Bitcoin remains range bound until Litecoin catches up, because the charge says "It Is Just Time" and because Bitcoin can't move up until there will be scaling in the Satoshi's PoW ecosystem. Litecoin will get it, Bitcoin won't, but that it is a good thing for Bitcoin. Market doesn't realize any of this yet, but the smart money does.

---

We are still within the channel!

I hope so. and i guess we will find out soon enough.
right now price is 0.0076BTC for litecoin on polonix and that is about $9.24 with $1217 bitcoin price taken from bitfinex.

nearly all altcoins are down because their pumping period ended. and after a pump a dump comes. in other words when a price goes up fake and fast it enters a bubble and bubbles always burst and price comes down and it only speeds up at some point.

and nobody cares about the names like Juhan Wi or whatever you kids throw around these days. that is a fight between two parties over who takes the power and we are all sick and tired of it and market makers are laughing at those who fall for the bullshit while they accumulate cheap coins.

and again we will see soon enough. current price of bitcoin on bitfinex is currently at $1217

SegWit on litecoin is not for scaling, it actually doesn't need scaling with the faster blocks and with ability to handle more transactions in them (although it has many downsides that i don't want to get into here).
i suggest you read the article by Charlie Lee about why SegWit is being activated on litecoin and malleability fix that SegWit is offering.

and stop with the drama of bitcoin being limited and needing fix,... it is a way too old FUD now and nobody listens anymore.

I have a very over simplified question, maybe it is borderline stupid, but forgive my ignorance:
Is't particularly BTC seen or better said planned to make its' users independent from "the man"?
Isn't the complete situation right now shaping up to be that something which was planned to give independance is actually the same ol' story that some people (whoever wants to position themselves like that, either devs or self-proclaimed spokes persons) have most of the influence over it? For me that doesn't add up. Maybe I am too new in the BTC topic, but for it it seems like that. Only that now not governments have direct impact on the oil price etc, but some angry twitter bashing dudes directly influence the complete coinmarket.

IMHO it was a big pump and the dump is just happening.
Bitcoin is recovering good and the funds will fly back from LTC to BTC.

Let's hope not but this seemed just a big pump and dump on the hype of SegWit implementation. It would be really bad for LTC if this was only a way for the big pools and holders to get rid of their litecoins.

It would be bad, but not really unexpected.
It's a world of speculation. Altcoin market is 95% pure speculation after all....

to be fair SegWit has been around for a long time and the rise started before any change taking place  in the adoption of it (29 and 30 of March).
then after the initial rise the SegWit adoption by F2pool started and pushed it up to 70%ish the day after the rise.
and this proves it is just a pump like any other altcoin pump.

and no it is not bad, we all know what altcoins are and apart from some small group of people who expect more of them, we see them as what they really are and what they offer. nothing more and nothing less.

the price however is on a roller coaster right now which is so funny to watch when you have nothing at stake.

Lets hope so, although with Segwit and now Coinbase I have to agree with you.

I think I will try to get my hands on some more LiteCoin, I sure hope everyone is right and were in for a pump.

405/576 (70.31%) blocks signaling in the past 24 hours! (http://litecoinblockhalf.com/segwit.php (http://litecoinblockhalf.com/segwit.php))

Next block retarget ETA: 0 days, 12 hours, 15 minutes


Very interesting, it went back from 60% to 70% in the last hours.

http://img15.hostingpics.net/pics/518144LTCHashrate04APR2017.png

AntPool and LTC1BTC increased their hashrate a lot lately.

But if BW signals for SegWit at some point, SegWit should get activated for sure.

I really hope they signal for SegWit, or that some mining pools switch their hashrate to LTC for 2 weeks to make sure it gets activated.

I also wonder if some pools will fool around to manipulate the market a bit more before activating.

Let see in 12 hours.

See my comment there:

https://www.reddit.com/r/litecoin/comments/64kavb/be_very_careful_segwit_signaling_percentage/

 I doubt that SegWit had anything to do with the initial price climb - that appears to be all about "capitol flight out of BTC into the alt-coins" like the recent price rise in ALL major alt-coins.

 The "settle down" since then though might be having SegWit support, as LTC seems to have dropped less than most since BTC pricing recovered (which appears to be due to BU support dropping noticeably since AntPool/Hashnest went fully-in on BU support).


 Coinbase does NOT accept LTC at this point, though it appears they might plan to add LTC sometime soon.

BTC has been rising on declining volume. That indicates to me that this rise will not make it to a new ATH before it falters. I am sticking with my theory that BTC is range bound until Litecoin gets SegWit.

I think we are going to see another leg up on LTC as the SegWit signaling has climbed back up to 68%.

This pullback has brought us back to the uptrend line, which I expected we would come back to test one more time and especially given BTC is  up today.

Given the steepness of that uptrend line (on the right chart quoted below) we either have to fail and crash or start another leg up soon. Failing and crashing seems to not be very likely. So I say load up now on the LTC you want for the next run up. If that uptrend line holds, we have to be back above 0.009 within 6 days 0.011 within 2 weeks. So that is a minimum 40% increase in your BTC within 2 weeks if the uptrend line holds (which it has thus far throughout this crazy volatile rise).

Also today we broke out above that downward blue channel in the left chart quoted below!

Thoughts?

Who ever doesn't on board the Litecoin rocket now, is going to be kicking themselves until they are butthurt:

https://i.imgur.com/WrQy7Uz.png (https://i.imgur.com/WrQy7Uz.png)

And sometimes perfect timing:

I think LTC might get $1B market cap soon  ;D

https://www.litecoinpool.org/pools#segwit

Approximately 76.8% of the hashrate is now signaling for SegWit. BW.com just started signaling a few hours ago so the 24 hour average is rising and soon to surpass the 75% threshold for SegWit activation.

Litecoin will get Lightning Networks (LN) off chain scaling. Bitcoin will not. Thus Litecoin is highly undervalued at $12 and should soon make a new ATH above $50. I expect Litecoin above $100 in 2017.

42.2%	F2Pool
9%	LitecoinPool.org
8.4%	HappyChina
6.4%	BW.com
6%	Le6oriAMKX...
2.6%	Batpool
1.4%	Coinotron
0.8%	Give Me Coins

Insane volatility, but a great time to make money day trading. I sold ETH at a profit and reentered LTC before the wedge breakout!

https://i.imgur.com/gaVXhCd.png

Would you say that both, LTC and ETH, are great to buy in now and keep until end of the year?
Btw, thanks for the anonymous PM paste. :)))

If you can tolerate the volatility then yes.

You shouldn't day trade.
Go coding ! ;)
I will give you the money you earn by trading instead.

What did I go incorrectly? I sold at near the top, earned a profit from ETH interim, and repurchased before the breakout from the pullback?

How could one improve upon the trade I did?

Btw, when I sold LTC it wasn't really an attempt to day trade, but rather I wasn't sure if one of the miners might tweet something to crash the price, so it was a precautionary move to see how the pullback developed. I had been wanting to trade into ETH next. When I saw that the LTC pullback was a wedge, then I felt confident to re-enter, which I did at a gain in both BTC and LTC. What fault can you find in that trade?

Uhm . We can see a breakout of ltc in the coming months but not now that's for sure .

Uhm . You didn't provide any reasoning that's for sure.

I think you missread my message.
I didn't mean to critisice your trades.

I rather meant, spend your time even better than daytrading. I will pay you for coding the amount you make at trading. Even if it is like 10k $/day your time coding is better spent imo.

Do you think this is good time to buy and hold litecoin for 3 months? I have got 600 ltc and I want to buy some more ltc coins for long-term storage.
however this price is quite high compared with March. Therefore I'm confused about it.

Ah yes I realized the same:

I sold all my LTC and don't plan on re-entering because I think it is a manipulated clusterfuck (https://bitcointalk.org/index.php?topic=1663070.msg18560633#msg18560633).

Here’s my prediction: Litecoin will nearly get Segwit several times, all failing and causing price volatility (filling the whale’s wallets in the process) and then finally it’ll get approved and we’ll see a large pump that will retain a good portion of it’s value.

That sounds right to me. Let's get real, 500mh of hashing power from the very guy who was originally blocking segwit for around 1.5-2 btc?

It seems suspicious. That would net about 20 ltc per week. Asic developers generally don't sell unless they know it's more profitable to sell the mining equipment than to use it.

20 x 12 = 240/week

1.5*1200 = $1800

1800/240 = 7.5 weeks until break even (minus electricity)


If litecoin hit the fabled $50 that would be roughly $1,000 usd per week. I sincerely doubt that egotistical maniac would let those asics out of his hands if he expected that sort of valuation.



And how chivalrous of Jihan Wu to block segwit then sell asics so that fans can voice their opinion by signaling  segwit... It's like an enemy handing you a weapon, highly suspect.

Apparently LTC will likely be a hedge against the coming BTC decline. Go long LTC (Litecoin) now.

https://bitcointalk.org/index.php?topic=1663070.msg18614017#msg18614017

(I deleted this post temporary at 11:40 because so many of you jumped on it buying LTC that you caused a significant price rise and volume, thus were interfering with me covering my short and taking a long position. I am re-posting now that I completed my trade)

But doesn't make that the situation worse? The situation that a few guys (which are not the guys who will crash the rest) can mess up LTC is still given, even in case of collapse of other financial system aspects. Do I get this wrong? What has changed regarding the "influence dilema"?

I am not investing in LTC because I believe it is a great outcome for mankind.

I have to put my money somewhere until my altcoin project is launched.

All the altcoins and Bitcoin are shit. I choose the shit that will appreciate in value and not cause me headaches near-term  due to crashing price.

Lesser of two evils. I got that. Still: isn't it a deal with the devil then if the guys decide to mess it up in middle of panic reaction?

You are bit of a funny character ,you think that all the alt coins and bitcoin are full of shit and you are launching your version of yet another shit coins  ;D and what magic will you be doing to have a stable price,the only way you can do is to pre mine all the coins and never distribute so that you wont see any massive sell orders. :P
Litecoin made some improvements in price but it is hard to predict whether it will breach 0.01 btc .

How do you like my perfect timing on LTC yet again! That is twice that I said emphatically "buy now" right before the blast off in the price.

That shows you how much BTC on this forum is influenced by me. I have a wide following in our community, when measured by wealth.

I have been able to decipher the long-term recursive fractal pattern and have been predicting the moves precisely and piling up the BTC profits going long, then short, then long, etc.. Note I will not tell you the exact price levels, nor my secret method.

LTC will pullback a bit here, but it is going much higher. Feel safe to enter at 0.01035. And make sure you buy LTC before April 19 when BTC will begin its decline by -30% due to the Scalepocalyspe (and possibly some other event involved ing BitFUnix or such).

Note LTC will make a peak price some where far above 0.0106, then it will decline back to long-term support. Then over the next 2 years LTC will make a ATH (as priced in BTC) which is means higher than 0.04. So holding LTC after the pullback will mean quadrupling your BTC over the next 2+ years.

That is the reason why trader should buy.  Volatility!  The wilder it is the better profit we can get :D.  Day trader made a lot of profit from this feature of cryptocurrency and still making tons of money until now.  If people learn the arts of trading they will greatly appreciate volatility.

I sold all my LiteCoins (managed to sell 50% at $12.90  ;D).


Why?

The SegWit activation rate keeps dropping. In the last 24 hours it has been of 64.06%

Source: http://litecoinblockhalf.com/segwit.php


I looked at the LTC Hashrate distribution today and compared it to 1 week ago (April 10).

I saw that LTCTop went from nearly nothing to 11.6%, which is the third biggest LiteCoin pool at the moment.
And guess what? They don't signal for SegWit


Hashrate on April 10
http://img4.hostingpics.net/pics/142667LTCHashrate201704APR10.png

AntPool (7.2%) + LTC1BTC (12.2%) = 19.4%
Jian power on hashrate was pretty low back then.


Hashrate on April 10
http://img4.hostingpics.net/pics/817463LTCHashrate201704APR17.png

AntPool (3.6%) + LTC1BTC (18.8%) + LTCTOP (11.6%) = 34%
100% - 34% = 66%

I guess Jian made a deal with them and is sending his hashrate power to that pool.
So unless the Pro-SegWit pools add a lot of hashrate, I think the SegWit camp will lose this round.
That's why I expect LTC price to drop a lot in the next days.

We'll see how it goes.

Pullback like predicted. I sold at highest and rebought lower.
good work.

I think it will touch $8 ? for support thats where daily support is for LTC

plus tired of market manipulation.. normally when Network Rate Rises and Difficulty rises we see prices going up and not down.

Given it maybe related to Segwit Manipulation and support fluctuating between above and below 75% market is just reacting on impulses.

 You have that backwards - it is the price rise that drives folks into increasing their hardware buys driving the hashrate/difficulty up, NOT the other way around.

 Litecoin though spent a several-month period prior to the first shipments of the A4 with *zero* new gear in the market available TO buy.

 The current rise in hashrate makes me suspect BitMain got some more chips for their L3 and sold another batch - coupled with Innosilicon probably selling as many A4 units as they can make now that they have the toothing pains of the first 2 batches fixed.