Bitcoin Forum

If there is a contentious HF and Jihad Wu actually pushes with his hashrate to force it: big price crash and BTC refugees go to alts = LTC will benefit

If miners keep blocking progress (segwit which enables proper LN etc etc) Bitcoin will never scale and will remain as immutable gold: people will search for fast velocity alts = LTC will benefit

If segwit is forced via UASF this will cause big tensions because like it or not it's a bit of a controversial feature and may cause price crashes, aggressive miners etc = LTC will benefit

If somehow BUcoin wins and there's a PoW change to defend from it creating a clusterfuck of a situation where a lot of innocent miners go out of business = LTC will benefit

Once LTC gets segwit, all LN development will move there because who wants to develop under crippled mode (no segwit) when you have LTC, which is a BTC clone which actually scales and has the network effect of the original alt?
And also has a chinese developer which is very diplomatic and will find agreements with miners?

The ideal outcome of all of this is of course BTC getting segwit via miners agreeing to 95% signaling but let's be realistic, this will never happen.

So the second best outcome looks like BTC should remain immutable hodl coin used as gold, while LTC is a more malleable with actual possible agreements thanks to its 75% activation threshold which is about to deliver us segwit without any clusterfucks and internal war, which means LN would kick in in full force, which means LTC would be used as a coin for minor transactions while BTC remains the gold of crypto.

Discuss.

Last 24 hours: 69.0% support for segwit in litecoin  :o
Source: http://litecoin-segwit.info/

Looks like we gonna get segwit activated on litecoin within end of this week, i think there will be another bullish run on litecoin after this activation. I have placed few long position at 0.008BTC on LTC hope it will give me some good profit  ;D

Overall agree with all of your points, indeed it's spot on.

ANYTHING that is not 95% hashrate agreement will create big price fluctuations due uncertainty.

So it's best that it stays as it is. Satoshi designed bitcoin so its insanely hard to change.

We all BTC holders would benefit more if it stays as it is rather than destroying network effect.

I wouldn't mind to see LTC as the scaling coin since it's basically a bitcoin clone.

LTC has its biggest purpose to date in getting segwit on bitcoin. The BU team will be trying hard to stop this im guessing, they should just give up now though.

There is only one problem with your scenario - hardly anyone uses Litcoin. In the last 24 hours were only 6,798 litcoin transactions. see

https://bitinfocharts.com/

Why on earth would all the LN development move to a coin nobody uses, and hence no fee profit can be made for it because nobody uses it?

As things stand only ETh is a possible threat to BTc, because people are using it (there were about 87,000 transactions in the last 24 hours on ETH)

bu jihan wont push it..
there are several different implementations of dynamics.. if all you can see is band camp drama of control. then you have already lost the point of bitcoins existence of a diverse decentralised network of independent nodes
get out of the reddit cabin fever you have sat yourself in

miners are not blocking progress, they just dont like segwit.. maybe core need to stop circle jerking themselves and deal with the problems and remake a solution people will like.
a no vote is not a threat, its a "sorry but you need to try again with something a lil different"

segwit forced due to UASF?? seriously!! segwit invented UASF, .. if segwit doesnt get the vote they should not point fingers outwards but instead think about what is missing within core and why it was not unanimous..
..."forced via UASF".. im laughing and you trying to make it sound like core are victims and anyone not core are invadors.
WAKE UP

If somehow BU wins via consensus then the community have reached a consensus..
If somehow segwit wins via consensus then the community have reached a consensus.. although segwit INTENTIONALLY bypassed consensus hoping to back door it in without community choice.

"and there's a PoW change to defend". seriously!!.. if you already think core own bitcoin .. then bitcoins decentralised premiss is already null and void and all u have is a tier netword of distribution.. not decentralisation
WAKE UP

i cant beleive how many people think that core should own, control and be the only codebase of bitcoin..

bitcoin should not be FIAT. bitcoin is suppose to be the opposite of the bankers fiat mindset. so stop tying to turn bitcoin into a controlled curency by a single team

wake up

As LTC is a BTC clone and all that entails - limited number of coins, PoW, non disgusting launch, I don't really see why anyone would bother sticking with Bitcoin if Litecoin becomes BTC with knobs on.

As it's currently pretty much unused at the moment, the increased usage from all the extra applications would concurrently increase value. It would attract many more developers than it has right now and all of the merchant/commercial projects on the backburner because of Bitcoin's limitations would probably roll out there instead.

Segwit would enable many possibilities that would be denied Bitcoin. Fees would be far lower. Why would someone want to flit between that and creaky old BTC? There's no particular reason other than sentimentality.

though i dont care for LTC or ETH

LTC would gain traction due to the centralists of the DCG
here is a list of those prominent services in DCG portfolio that have alot of sway of the whole crypt-onomy
-blockstream
-btcc(litecoin inventors brother)
-bitpay
-bitpesa
-changtip
-coinbase(litecoin inventor)
-coindesk (puppetmaster of propaganda owned by DCG)
-gyft
-kraken
-purse
-shapeshift
-xapo

plus many more

imagine if all of them (shh they are already becoming) start being LTC friendly. ETH wont stand a chance with being 'merchants accept' available

So Litecoin is as intensely developed, has as many expert coders, and as many expert eyes on the differences in the codebase (between Litecoin and Bitcoin)?


Who really knows how "creaky" Litecoin actually is, until they find out through use. Litecoin has the potential to be everything you say. But it's not actually any of things you say, and neither is Bitcoin. You've got some very subtle biases, as usual.

Most of those services you have quoted have hedged their bets and all have ETH enabled (Coinbase is a huge ETH fan, Kraken, shapeshift etc all have ETH). So if they feature both ETH and LTC, then again, it comes down to users, and litcoin has very few.

yes but coinbase is more LTC due to charlie lee.
knowing coinbase has huge 'merchant acceptance' i can easily see LTC getting more attention than eth when it comes to 'normal users spending'..

Eth will just remain as the board room 'contracts' / derivatives utility not the real world normal user spend stuff.. ETH is too complex for 'normal users'

LTC is nothing without BTC, because BTC developers are the best and LTC depends on BTC developers.

But the good point of LTC is precisely that it is a no-bullshit original clone.

I don't see why LTC can't go back to $50+ since BTC is trapped in this situation where it refuses to change.

BTC provides all the hard work of the code and stability as gold.

LTC provides flexibility.

Gold and silver in crypto, I like it.

They don't need Bitcoin anymore, they copied whatever they wanted and that is enough.

Because we have ETH which become number 2 altcoin and it will be hard for LTC to regain this position.
Just wait when Ethereum will have Raiden, we wouldn't even talk about Litecoin with SegWit by that time.

I love the fact that activation of SegWit for LTC might finally change situation for BTC as well.
That is basically all I am waiting for.

ETH doesn't have the properties of money that are needed to be proper money.. since when money is a turin complete computer?

LTC is much more simpler and straight to the point. With segwit and LN it accomplishes what BTC would if it wasn't for the fact that it's way harder to change, but at the same time LTC gives me more confidence than ETH in terms of a smart contract crashing DAO style, Vitalik rollbacking and so on.

I think both ETH and LTC are good medium term holders in any case.

I would like to see segwit to be activated for LTC even though there are no many everyday transactions as @alyssa85 already stated. Maybe is a good way for people without deep technological background and experience like me to end up with their own practical conclusions.

Getting to actually see Segwit in action, even if it is for a smaller crypto that doesn't have all the same issues that Bitcoin does, would still be a great learning experience for everyone that would be affected by it should it end up getting implemented in the Bitcoin protocol as well. Having tech demonstrations would certainly be a plus for some of those that are still on the fence.

The only reason LTC doesn't get as many transactions is lack of network effect, that's all. Technically, it is already a better coin for transactions than BTC. After LTC gets segwit and LN, there are no excuses to make transactions under BTC instead of LTC, unless you really need to do it under BTC. For everyday transactions, LTC + segwit + LN is the ideal coin, nothing can outmatch it.

Everyone developing LN technology will pay attention to LTC and implement it there thanks to segwit and thanks to LTC basically being the same as BTC so everything translates easily.

Also I see Blockstream starting to work under a segwit-enabled LTC to showcase their technology and try to convince remaining miners to signal for segwit. Otherwise they may become irrelevant.

I think the Coin Cap difference between LTC and BTC will be the thing that determine their success. Bitcoin is currently valuable, because the Coin

Cap is low and there are a huge demand for BTC. If LTC can create a bigger merchant network, they might steal a bigger portion of BTC's user

base, but for now BTC still have the network advantage.  ;D

I think this is absolutely right. Are the Blockstream guys and all that investment just gonna sit there while BTC scaling is at a stalemate? Maybe, but I think with LTC being a perfect opportunity to "showcase", as you say, they'll simply head that direction so they can keep forward momentum. Bitcoin may not move ahead for months, years or ever.

Litecoin NEEDS this to remain relevant and it's potentially the perfect solution out of the BTC scaling mess! It's a coin nearly identical to BTC, with a good reputation and history, it still has good trading volume/liquidity. It's the closest drop-in replacement for BTC out there.

It makes complete sense and everyone who's paying attention knows this. This is LTC's destiny!

If Litecoin ever gets close to usage and number of transaction of Bitcoin, let's see how the scalability issue will be dealt by them and if they will really do better than Bitcoin

may the best coin win!

This is not a solution to the problem – we are simply running away instead of facing it. We can't just go to Litecoin  because we are unable to solve our Bitcoin scaling problem. Besides, Litecoin is not a solution either. If we replaced Litecoin with Bitcoin (which is a clone of it), we will have the same scaling problem we are having right now when number of transactions rises up.

All road leads to ETH  just look like Network is taking ETH seriously and how is taking LTC or capped BTC...
True winner of that situation is ETH.
It will remain some value while LTC will maybe take BTC in future if BTC won't evolve.
BTC price i correlated to number transactions are being made.
LTC price is segwit effect good technology, show that LTC can evolve and take changes.
BTC will be like win 95, win 3.11 to LTC,ETH current Ubuntu 14.0
"I KNOW WINDOWS 3.11 was 1st... he will be KING forever." said one windows 3.11 maximalist and have refused any changes.


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

https://i.imgur.com/2FBkGnR.jpg

Today is possible to have 2nd layers solutions on BTC but is ineffective comparing to Segwit.
LTC will have better LN than BTC - BTC will be such win3.11 with their Asics company blocking changes.
When ETH will overtake BTC in price/volume/transaction/usage there will be no point to come back to BTC.
Only BIG BUG can blow up ETH at this point when BTC/LTC tech will be defeated by Etherum.
You can call ETH token but before people as money have used shells, food, skins.
If EHT will keep providing fast secure service no one will give a shit to BTC/LTC energy hungry coins.
People will love POS of Eth because it will be environment friendly :D
business using it will get green tax cut while - BTC/LTC will be charged with such tax.

Today BTC have one real dog that can really bite it this is not BTC this is ETH.

That is not exactly the best take on this situation.

The better tech is not always the better and the best option if we are talking about switching to whole new economic system.
If new features and more sophisticated design would define the ability of coin to survive then no coin would have time to reach past early adoption stage.
In case when better tech = better coin then Bitcoin would be insignificant right after LTC was created.

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/).

But I hope they rename the currency unit to 'ecoin' instead of 'Litecoin'

Great analysis. Meanwhile bitcoin community is waiting silently and watching how cake is being stolen before their eyes.
I always thought that Bitcoin will be number 1 forever, but apparently some coins need to dethrone BTC or at least come close enough to doing so.
Only then bitcoin community and miners will start to react. Current hibernation and simply 'existing' may be not enough to retain the King status.
Next weeks after SegWit activation for LTC will be crucial, please wake up BTC community.

One day it had 100k$ trading volume for 24H, and now it has fucking 21B$ trading volume on btc-e. Talkin about ltc obviously.

Don't enter from here or else you'll get burned. Fontas made a cumback it seems. Don't fall for it.

LTC is a good buy long term for this year but as of now it's bubbled, no way im getting back in under 0.009 hopefully by tomorrow we've corrected around there.

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.

This is just a publicity stunt for people that own a ton of LTC and want to see the price pumped a little bit, this isn't going to mean anything for anyone based on the fact that no one is using LTC to the scale of Bitcoin being used. I don't think I can name anyone nor any company that is going to accept LTC for a transaction so it's really just a waste for them to be doing something like this.

No one is going to just move to LTC based on the fact that they're doing a scaling solution on a coin that isn't even having a scaling issue.

Big Publicity stunt for a select few to stand to make a ton of money, ignore it and move on to trying to make Bitcoin better with getting the miners to agree on something here. Gosh, avoiding the problem isn't going to do anything.

There's way more to it than just scaling. I think Core themselves often say the scaling is a happy byproduct. It opens the door to a lot of extra functionality that isn't possible, or at least isn't advisable, right now. 

Sounds like a nice pump topic which doesn't belong here.

Nearly all the threads over here are about scaling.

This topic is about scaling.

Are you butthurt because you did not pay attention to my posts days ago?

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

^^ looks like someone is very happy with himself ;)

anyways all this is good in my opinion, litecoin being the copy of bitcoin and being the biggest altcoin out there and also oldest means the activation of SegWit on it can really change many perspectives. and eventually maybe we can see some changes over here too.

i'll try to enjoy the ride for now :)

meanwhile bitcoins segwit 31% block flagging is only temporary due to a hack expect it to drop back down below 30% in the next fortnight

https://twitter.com/f2pool_wangchun/status/848582740798611456

https://i.imgur.com/TbBF7PW.png

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.

---

Seeing how smooth stuff goes with LTC and well LTC price reacts to Segwit, I d expect this to increase possibility of BTC taking the same path.

I m sure BTC price will react to this the same way, should this take place.

well yeah it would be similar but comparing bitcoin's market with litecoin's market is not really right since the market size of litecoin is not even close although litecoin is one of the biggest altcoins out there.

but in any case i agree that price will love SegWit activation both in litecoin and bitcoin.

Lite coin has been here in the market for quite some time now and I think the only reason it was not as successful as the bitcoin is because they didn’t promote it as much, they worked on the core and everything but they were not able to give people a way to spend it on, like if you browse the net for places to spend lite coin you won’t be able to find as much as bitcoin, and that made its user base and the people who are still using It a few, even though it claims to have faster transactions than bitcoin.

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.

Indeed, this can be a minus factor for LiteCoin. However, if the SegWit can be successful then we should expect people to buy big volume of LiteCoin in the hope of making some profits. In other words, this can open up for a pump and dump situation. Anyway, let's hope that another altcoin can shine its own star alongside Ethereum and those in the top 10. I am thinking now of buying some LiteCoin.

We now know why Bitmain doesn't like Segwit. They control so much mining power that unless they're appeased or somehow removed then Segwit activation is a cast iron impossibility.

That was a hell of a dip. Considering peak was 0.01134000 I got back in at a 0.0098 which may be optimistic since we may stagnate for a while on that 68% range.

Still got 50% of the remaining BTCs that im using to play with LTC hoping for a deeper dip, if it doesn't happen then oh well. As of right now its bouncing back up from that 96 ish resistance testing 0.001 again.

We have a bunch of idiots reacting to block variance thinking it's going up/down because they don't understand block variance so those small variances in the segwit % may also have an impact in market psychology.

Also notice how the segwit page was lagging because it was filled with people pressing F5.

Now that you've put it that way... I do consider BTC my hodl coin. I stash whatever earnings I make in BTC, exchange unwanted alts into BTC, and for payments or transfers I use Doge (don't laugh, at a measly 1 doge fee for virtually instant transacts in a popular alt many people accept) mainly but would not put LTC and ETH out of consideration for the same reasons.

While they control a huge amount of mining power, they're really not strong enough to prevent a consensus if SegWit has overwhelming public support.  One hash = one vote, but you have to vote for something which is economically viable, and I'm sure Bitmain know that as much as anyone else.  If LTC's SegWit goes through, it'll result in more public support --> potentially Bitmain's grudged support.

Oh my I should have read this topic weeks before the actual pump on LTC has occurred. I have been regretting my decision on not buying ltc when it was just at 500k sats and actually purchased LTC on the last hour when it finally hits 1 million satoshi or 0.01 btc. But anyway I hope the LTC bubble will continue and I can get profit from it.

Most of the case if we saw this pattern (wedge) it does breakout but mostly in forex market it do bullish breakout which means it can possible happen here on LTC but we still cant be assure on which way it would go either bulling or bearish.I have sold my LTC a long time ago and didnt expect that it would happen to increase its price as of these days.

BTC has failed completely with the segwit idea, because it needs a very high rate. However, bitcoin is a very strong currency, so it has grown freely and does not rely on segwit. LTC is different from bitcoin, it is much weaker, although it has been around for a long time, but it has no impact on the market. To improve this, segwit is a good idea, it needs to be done, and the rate given is very reasonable, this can absolutely happen, so investing in LTC now is  clever optional. I wait for a nice result from LTC.

The key is knowing if this is a fake pullback or an actual breakout is about to happen. I would like to buy a big chunk if it goes back down but nobody can know what's next.

Probably my last post on LTC:

---

it has always been like this, specially in a big market such as litecoin. people have short term positions in their mind and market is filled with weak hands.
the 0.01134BTC got here so fast and it is always a good idea to dump in times like this to buy back the dip if you are one of the short term traders and when you do, many will follow! you actually see the same pattern of a big dump then buy back up every couple of hours.

this was so funny :D

It's pretty funny how contentious every little change is with the sides in the bitcoin debate, and there over in the corner is neglected LTC pretty much asking for devs to come and screw around with it. It makes a real good argument about why LTC was/is good to have around in the first place. Although if LTC gets popular enough I'm sure we'll eventually run into the same situation as BTC.. with LTC factions fighting for power .. and then everyone will be left with the unthinkable option... doge  :P

LTC price is quite high now and people are now in confusion if this is still the right time to buy LTC  or they are late. I can see it can go as high as upto 0.03 to 0.05 in a period of 6 months. Of course there will be dump in between which should not to be afraid of.

Apparently litecoin miners/users are a hell of a lot more of a community (not) divided than bitcoins. That's the shitty  when you get big, there are too many assholes that have terrible opinions that sway people into believing your crap.

I have a few Litecoins and I'm happy with where they're going. I've over doubled my money in what, maybe a week? That's great in my books.

One last post on LTC, then I have nothing more to say about this piece-of-shit:

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

I am also doing same but sadly price drop below 0.009 yesterday just after some of my buy orders got filled at 0.0097BTC. But i have left that long position open for whole night and feeling quite positive about the current movement. LTC may soon test 0.01BTC or even around 0.012BTC by tonight. I will close this long position at 0.012BTC.

That's key but only if you're a short-term trader. However, if you've already sold for profit-taking now, then you're like most of us: just waiting to get another chunk when it goes back down. To hold for another longview price rise. If it does breakout, then that's difficult to say what to do about!

Boy did your opinion change quickly.  No longer a LTC fan? I think LTC is still great for the reasons you posted days ago.

How to know when it's the bottom before the next big rise?

0.0085 is the current price, with 0.0084 actually tested.

Is this a good time to buy a good chunk and wait for the next rise? No way to know.

Now people are scared that Wang will throw one of those tweets at any moment again.

Also, what is stopping BTC from doing a UASF at some point?  You said Bitcoin will NEVER get segwit... but it's possible.

At least if the Wang Chun finished to troll us about the SegWit signalling on the litecoin.

More people are panic caused by wang's tweet.

Wang Chun is a childish trolling right now, but, his tweet gives massive impacts for the litecoin market and that's really sad. WTF LTC is dying right now caused by Wang Chun.

Neither twitter nor bitcointalk are any good advisory for hasty tradings. On most of the pumpgroup twitter activities your best bet even is trading the opposite direction of their anouncement.

the only thing you ever going to need for trading is what you see on the charts. these groups and what they say is always noise.
news however is good to keep a lookout for.


these dips in altcoin prices are always because of bitcoin price rise and there is no surprise there since bitcoin went up to $1195 today!
and as you can see the couple of minutes ago BTC dip to 1180ish caused a LTC price hike.

Last time I checked on Litecoin development a year ago, it had stagnated and Charlie Lee was selling bitcoin memorabilia here on the forum. Segwit certainly gave the team some code to merge, but price and volume-wise Litecoin was DEAD. I'm glad Segfault has given LTC a reason to pump, but I wasn't around for it, and I won't be around for the dump. Segfault may activate on Litecoin, it won't matter much in the long-term. Anyone buying LTC right now, I've got a bridge to sell you...

Personally I hope Segwit does activate on Litecoin, so all of the subtle bugs in Segwit can be found. Then we can do a post-mortem and find the total technical debt it has caused, without killing Bitcoin...

Everyone wants Coinbase to add litecoin trading might be in for a surprise. When GDAX started trading Ether last year price dropped 70% in seven months.

However the bugs that may not be found with litecoin after segwit activation can still be found in bitcoin because both are based in different consensus Algo and have different daily transaction volume and number of active nodes.

Support for segwit is still struggling to pass 70%.

there is always going to be bugs in every code out that is made and no matter how much you try they will persist. bitcoin had many of them from the start and they were found in early days and fixed hopefully nothing too bad that i am aware of.

and i think litecoin (if activates SegWit) will clarify a lot of things. and litecoin has a lot of transactions too, it is not as small as you think and that much is enough to show how things would work.

I was caught up in the dump and I panicked and so I sold my LTC to bitcoins in a much lower value and that is why I end up losing my capital. Litecoin is hard to analyze compared to ethereum and dash which has many different signs so we can predict if it goes down or high in value. I guess I will not invest in LTC anymore it is very troublesome since I guess I am too late in investing at this moment.

I gave up on Litecoin a couple of years ago but I still have a few. It has underperformed as compared to Etherium and Dash. I hope it can get back to being a valuable altcoin.

One transgression.

Wtf are you talking about lol. If you lost some money you didn't lose everything so stop acting like you did. And what dump lol? Bitcoins are getting back to their ATH and litecoins are doing amazing. I don't understand a clue what the hell you're talking about.

Panic is the worst feeling you will ever have during trading, i also got trapped in this dump but i have few extra bitcoin out of orders. So that my long position doesn't got liquidated even after that big dump. I will now wait for price to pump over 0.01BTC atleast to close my long position.

Don't panic brother, that was correction on LTC not dump.  ;D

@Xester, Charlie Lee was manipulating the price on his Twitter with his Chinese pool owner cohorts.

You need to know what you are doing. You don't sell when they are obviously BShitting.

I'm sorry to hear you lost. But let it be a lesson to you that don't speculate in what you don't understand. I warned that LTC would be very volatile with many shenanigans.

If you re-enter, then make sure you understand your risk tolerance. I was prepared to ride it all the way back down to $7 with strong hands, because I have strong conviction about LTC to $50 (and BTC to $2000 then LTC to $100).

DASH appears to be a coin held in the hands of a few. If they don't sell yet continue marketing the price rises. Number of transactions don't match the price. Litecoin is probably the fairest and most widely spread coin due to how it launched. Also currencies are different than stocks. Stability is what is desirable in the long term.

All roads lead to LTC?? sounds like a joke to me

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.

Litecoin has one and only one chance to ever get SegWit activated now while LTC is extremely undervalued (because this means miners can form a 75% consensus on rising the price, which won't be otherwise be possible due to the crab bucket game theory that John Nash designed into Satoshi's PoW (https://bitcointalk.org/index.php?topic=1860406.msg18526621#msg18526621)). That window of opportunity will close and due the crab bucket mentality that Satoshi designed into PoW and never be possible again in the future.

Without off chain LN, there is no other way to scale Satoshi's PoW. I've refuted all the other technological BS such as larger blocks and Xthin.

Bitcoin will NEVER get scaling.

Litecoin MUST get scaling NOW. And it will. And it will receive all the transaction rate scaling that Bitcoin will NEVER be able to do.

Please don't make me explain this again.

---

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.

If you been watching whats been happening it seems like litecoin will actually play an important role in bitcoins future from now.  Before it was just some other coin now it actually has found a purpose for making bitcoin stronger.

See my comment there:

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

ETH advantage over BTC is gone now, I read somewhere that BTC will have its own smartcontract.  Aside from that ETH had been manipulated ever since. 

Litecoin will be Bitcoin's testing ground but with this I think it really will benefit litecoin because of the exposure and attention it will get.

All of your cases back to LTC will benefit, but until now LTC seems not moving significantly due to people has many other altcoins to invest instead of litecoin.
If bitcoin won't get block size upgrade, it will stuck on this price level within $800-$1200. Even without SegWit or BU, bitcoin will still become the number one cryptocurrency and if it fail, other altcoins will fall too.

Nice post I think we are going to see something similar to what happened to gold, while gold was more valuable the precious metal more used around the world was not gold but silver, so it makes sense that we will have a coin to store value, bitcoin and a coin to transact daily litecoin.

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:

ah the manipulation. it never gets old :)
all the bullshit on twitter by F2pool and their posts about SegWit and the dumps. it is funny how everytime the same things happens with a different subject and it keeps repeating itself.

but all the price speculations aside i am still hopeful for litecoin to activate SegWit so that we can finally see bitcoin's copy with SegWit in real action.

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

We've reached the 75% threshold for activation of SegWit on Litecoin!

https://web.archive.org/web/20170412134213/https://www.litecoinpool.org/pools

Just need to hold that for 2 weeks. It should climb to 77% if Jihan doesn't increase his hashrate somehow.

Rise is too sharp, don't buy on the pump, wait for 8xxk satoshi again to buy a good pack of LTC in hopes of segwit activation.

But! it can crash at any time due whales stopping signaling, beware.

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)

While I agree with the OP (grudgingly) everything that follows is pure price speculation.

Yes Alt-coin markets are way up, some 10 billion dollars in market cap but market cap is not real money.
I could create a alt-coin with 100,000,000 coins sell one for 1 dollar and have 100,000,000 market cap.
Historically money never stays in alt-coin markets for very long.  
I personally believe this is just another pump and dump.
The BT forums are full of shills peddling disinformation and fear, this thread especially.

You might want to actually click the link in my post immediately above yours and read the details.

You might realize LTC appears to now be a valid long-term hodling with projecting in the rough vicinity of ~$100 when BTC reaches ~$2000.

Thats just your opinion and I don't value the opinions of shills.

I am not shilling. I have no reason to. I am sharing the information for the benefit of the community.

Please ignore the information and go back to hiding your head in the "shill" paranoia sand.

I shared some pertinent facts and circumstantial evidence. It is up to the reader to decide if that information is valuable or not.

I believe some sort of moon is possible, but I feel like Jihan is planning something nasty. I think he calculated how much hashrate he needs to keep the segwit at around 75%, and then by the end of the signaling period, he has to raise it a for a short while to make the average <%75 and the whole signaling period is lost at a small cost for him.

Thoughts on this?

I think if Jihan keeps fucking around he will undermine investor's patience.

How are you storing BTC's worth of LTC btw? I guess you don't keep it in poloniex

Ledger Nano S offers cold storage for litecoin using their Chrome app. Trezor does also, but you have to use the Electrum-Ltc wallet with your Trezor.

The longer he keeps dicking us over the more likely a User actived soft fork occurs and I don't believe even he wants to risk that; but I could be wrong. The guy is very cocky he may think of BTC and LTC as nothing more then his toy. He likely has far more hashrate in both BTC and LTC then anyone believes. Would it not be easy for him to hide his hashrate on other pools?

Hey may but that is ~2 weeks from now when we get near to the final tally on SegWit. Currently the tally is 78 - 80% with more than 10% of the blocks completed.

The BTC crash is I think ~3 days from now.

The charts don't lie. The uptrend line is going to intersect between April 19 and April 22. Then the price must go up (else the entire uptrend is broken and we go back to $4 which seems ludicrous to me).

USAF is nonsense. He would probably love to prove that to you.

Jihan is purported to have 27% of the LTC hashrate under his control.

And I'm saying he could have over 70% and no one would know if he did't want anyone to know.

And so he can fool you into selling your tokens on the minority fork and buying the USAF fork, then he can later switch his hashrate (from USAF to his preferred fork) and all your USAF fork coins end up on the minority abandoned fork.

USAF is for fools who want to lose all their coins.

I just don't see how he will not. What does he gain if segwit gets activated, vs letting the price grow for 2 weeks, set a short and profit bigly?

I don't care. I can sell before 2 weeks if I compute that the percentage of activation is failing.

Also remember I think Jihan's only reason for blocking SegWit on Litecoin (https://bitcointalk.org/index.php?topic=1857162.msg18601430#msg18601430) (he will always block on Bitcoin), is only temporary while he needs time to ramp up production of ASICs. Perhaps May 15 is enough time for him (remember activation is 4 weeks total).

Also even without off chain scaling, Bitcoiners are going to be forced to use Litecoin for payments as Bitcoin's transaction fee rises too high. Litecoin has 4X more block size on chain than Bitcoin.

Also I think Jihan will support some form of off chain scaling for Litecoin. He wants the price to go up (just not too much faster than the rate he can increase ASIC production/efficiencies).

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.

litecoin is going to get pumped soon but it has nothing to do with what you are saying literary all over the forum.
litecoin will rise because of its SegWit and also because of the fact that for the past 6 or 7 days, whales have been accumulating and crushing any rise above 0.01BTC to be able to accumulate more in lower price range.

and you keep repeating the bitcoin crash which with the information that we have (without having a time machine) is impossible.
because the only issue is the issue with bitfinex bank and that is not even big. and at best that is only a possibility and nothing more. which makes your -30% a shot in the dark.

This theory is gaining traction, so I think it's a pretty good idea to load up on a bunch of LTC right now. They have signed an agreement this time. The concerns of they pulling out signaling again are reasonable, but this time there has been a roundable, everyone is signaling already (except Antpool... which I believe will start signaling anytime soon and the price will go parabolic). It's worth the risk buying just in case you miss on massive gains.

ViaLTC playing a fool and claiming they don't know how to activate segwit:

https://twitter.com/ViaBTC/status/856418966717079553

Thankfully we shouldn't need ViaBTC to activate segwit in LTC, but those that still don't trust the miners until it's activated are right. Probably more market manipulation to buy this dip before the big pump.

...aaaand now the LTC crash, now that the Segwit hype is over.

some sheeple never learn...

It's not a crash at all. It's just that the price is going down for now due to people cashing out profits, and that's really it. The SegWit hype will be over once it is fully operating, and that's still not the case. I even expect the price to experience a bump to +$20 once activation becomes reality. After that there is nothing more to aim for, and that's when the hype will slowly start to fade, and the price comes down significantly as result.

I disagree a bit, although we don't know what will happen. All depends if BTC finds a way to adopt Segwit or at least a smaller malleability fix like Flextrans that would enable LN. And, of course, of Ethereum's Raiden. If yes, then LTC will go "back to normal".

But if LTC can hold the status as "biggest cryptocurrency with LN" then I think it could get a market cap of well over 1 billion USD. For the short term I think it doesn't depend on the timeline of Segwit activation (because that is fairly immutable) but on the fast availability of a LN implementation for LTC.

I think that BTC will get some pressure to adopt an UASF or another strategy to make Segwit happen, or switch to another malleability fix. We will see higher Segwit signalling rates in some weeks, I think, but not near 95% if Jihan doesn't change his mind.

You may be right, I thought Segfault was activated. It looks like it won't be fully activated for another few weeks.

Yeah, the same as quoted segwit won't be activated soon within few weeks time. The segwit activation process have been going for a long time with litecoin. Now Wu holds around 27% of the hash and he tries to activate it. Same as the BU, this time too Wu will fail.

I believe that a scenario like might happened where "miners will signal Segwit then UASF will reach the consensus of 95% and will get activated". I mean what's wrong is believing?
Still hoping that the community will wake up someday and well see the benefits of segwit.

I actually dont give a shit whether segwit or BU will win, what's more important they're not going to kill bitcoin for their own profit, if they do, bitcoin will be doomed

Bitcoin was built on the premise that all actors would act in their own financial self interest. You have it backwards.

Litecoin will go to roof and break the highest price possible for an altcoin after the segwit is done. I think segwit is a good move for litecoin to make its price recover because when i saw the price of litecoin in coinmarketcap, the first price was around 0.02 and now the price is only around 0.01 and that is very cheap, just think what happen in ethereum that can happen in litecoin also.

It's already been priced in as a done deal. Activation is a mere formality within the next 10 mins. Price has actually been falling once the required blocks where mined for activation. There needs to be another usage hype for another pump.

Bingo. I see a price drop as the bugs start materializing and the hype dies. If anything, this whole Segwit activation (on a coin that doesn't need it) has been a consolation prize for the Core devs' hard work on Segwit.

This thread contains some interesting claims about cross-chain lightning transactions that are wholly unsubtantiated - maybe that will be the next hype on coindesk or another pro-Core media outlet...

Can't wait for the pump that occurs when people start atomic swapping litecoin with groestlcoin!