Bitcoin Forum

There are supposed to be four times more litecoins (84 million) than bitcoins (21 million) so with everything else being equal, Litecoin should cost 1/4 that of Bitcoin. But Litecoin is currently trading at about 10 dollars each while Bitcoin is trading at around 400-500 dollars each which makes it undervalued by a factor of 10.

Has it got something to do with the distribution curve (ie. more litecoins are produced in the first few years compared to Bitcoin)?

More places are currently accepting Bitcoin compared to Litecoin so the demand is greater.

But they are not equal.... bitcoins are mined with expensive ASICs and the difficulty is crazy, hence making it very difficult to get them even with the TH/s farms. Litecoins on the other hand are mineable with any GPU and the difficulty is relatively easy compared to bitcoin. That means more litecoins are sold to the highest bidder. Once scrypt asics come in the form of heavy artillery from knc and other such manufacturers, litecoins too will get rarer and more difficult to mine, making the price go up and should eventually (theoretically) stabilize at 1/4th - 1/5th of bitcoins prices. Gridseed farms are getting popular now and its only a batter of time before the tanks roll out. If you're thinking long term, litecoins are an excellent buy right now.

Because the top 100 LTC addresses possess over 50% of all available coins in circulation.

Maybe because alot of them address are exchanges and similar holding many peoples coins.

Which is a problem don't you think?

Sorry lost, why would it be?

Also its impossible to map the distribution based on address' a) for the reason I mentioned early b) also for almost the opposite reason; large holders also spread the coins across address' for security (or they are idiots)........so either way any examination of the address' is no more accurate then a random guess.  

Maybe it's not that litecoins are cheap, but rather, that bitcoin is overpriced ;)

Can you provide link to top 100 addresses?

Sure,

http://bitinfocharts.com/top-100-richest-litecoin-addresses.html

Sorry, but I believe that both Bitcoin and Litecoin are underpriced currently. 

Litecoin price is about 1/40 of bitcoin and it has been historically at least 1/30 so yeah litecoin can be underpriced

I meant to include this link showing the trend lines.

http://www.cryptocoinstats.com/priceforecaster.php

True their are fluctuations in the rate that does make it seem like a deal at certain times

And Feathercoin was generally 1/20th of what Litecoin was. Just sayin

Production and circulation are you using to evaluate the value is obviously unreasonable.

Can determine the value of the only requirement

because asic are dumping like crazy

Ok everybody calm down , El dude is here to put the trolls in their place.


yes , because bitcoin asics "dumped like crazy" and the bitcoin price went down when asics came out , you fool. The opposite happened bitcoin went to $1200 when asics came out.


Feathercoin lol , that coin is so dead and once btc-e delisted it , it will die just like chinacoin.


go look at peercoin and dogecoin and pretty much every other coin. see here http://bitinfocharts.com/litecoin/

most of these top holders are cold storage for exchanges like btc-e.

ehm no btc went to 1200 because of china, not because of asic, when KNC miner are dumping 1k btc a day

tell me why people should buy litecoin, when there are 300mh/s coming that will rape it so hard(the first one will rape it for sure)

not to mention that now litecoin is even more useless because there is no more difference between scrypt and sha256, both are centralized shit

so your telling me ASICs making BTC harder to get had nothing to do with the rise to $1200 ? lol

Litecoin was never designed to be asics proof and no coin really is , unless you have a low marketcap and no one cares enough to develop a asics for it. You think gpu weren't centralized ?  like the two 7950s you had in your basement made a difference to the 10 000 gpu farms out there.

demand is not necessarily correlated to the hashpower, also bitcoin is the first, the increase of his price will be a natural consequence of this

gpu isn't as a centralized as asic, you can't for example, build a farm like KNC farm with just gpu, i challenge anyone to do a thing like that lol

a guy with just 100-200 gpu is still a tiny drop comapred to the total hash(made of only gpu)of a strong scrypt coin

Litecoin isn't even a direct fork of Bitcoin. But their devs and marketing and foundation have done a good job making them either number 2, or look like they are number 2.

 ??? it's based on bitcoin . The price , marketcap and daily volume in the million is why it's number 2 not because of some entity , I think your confusing it with dogecoin.

for example when doge reached 4-5 GH network, back in december-january, when there were only gpu mining it, even a single dude with 200gpu, can reach only 200Mh/s, and that's is just 1/40 of the total hash

this is just an example why gpu lead to decentralization, asic instead....

that's horrible a government or other entity could easily 51% that , a high hashrate is a great thing .

they could but with ASIC, not with gpu, that's the point

now imagines a coin that is as a popular as Bitcoin, but can be mined only with gpu, in a scenario like this is very unlikely that you will find a company that owns 30% of the hash like KNC are doing now with BTC

Let me set you both straight so there is no confusion here.

1) bitcoin exploded in price because the Chinese realized they could move their assets out of the country without their own government knowing hence the reason property all across America has been getting scooped up by the Chinese for the last year. Greater preservation of wealth exists in America (that's not saying much btw). It's just happens to be luck that ASICs came out in this same window but ultimately the same amount of coins are generated everyday regardless of how quickly difficulty rises. Therefore, price increase was not due to ASICs.

2) if your expecting litecoin prices to spike immediately as ASICs enter the mining pools you are drinking some kind of funky coolaid. ASICs for sha-256 exploded and the difficulty chart looks logarithmic where as the technology for scrypt ASICs will grow linearly and the overall hash rate will be a much slower growth as technology continues to develop.

Personally, I like litecoin as an investment for the long term but realistically it's going to be a couple more years before prices start moving anywhere. Buckle in boys cause its gonna be a slow ride........"to da moon"......that phrase makes people sound like idiots.

CT$

No, I'm not confusing it with dogecoin. I read it somewhere, I can't find it anymore, but apparently litecoin as it is, was forked of some other coin back then. Then Charles Lee and the other devs decided to unify and consolidate what they had into one coin and litecoin was born. Or something like that.

The official story is that litecoin was forked from bitcoin.

I'm not going to dig any further now, if I was mistaken then I indeed confused its history with something else.

Shibecoin hit 120ghash this week

It is so easy to make a coin now a days. Lite coin - this coin that coin, I will stick to the first one and the best one. I guess many people think  the same.

This thread was more valid 6 months ago. It's pointless now, because a) Litecoin brings nothing new compared to Bitcoin; b) some other alts have sprung into being over the past 6 months, that do bring something new to the table compared to Bitcoin.

Meaning, capital will continue to pour more into alts with more perspective and less into Litecoin, which will go as low as 0.01 BTC by the end of 2014. It can stay the same dollar wise though, around $10.

The market has decided , Litecoin is number 2 and once litecoin goes on Coinbase even more money will pour into it and less into other crap coins.

I would love to buy some Litecoins to just hold, as a savings fund. I've had a few but had to sell them in short positions. I've heard LTC compared to as silver to BTC's gold, and I like that idea.

But as for people waiting for it to shoot up in price, I actually kind of like Litecoin at a $10-15 dollar value. Litecoin is established and legitimate in this fly-by-night world of cryptocurrencies, and it has more potential as an everyday spending coin in my opinion. A faster network than Bitcoin, and a $10-25 dollar LTC value would work well in the world's economy.

I would love to be able to buy and sell LTC on Coinbase. Is this a reality and if so, when?

there are asic now

The creator of Litecoin Coblee works for Coinbase and he has hinted that when the time is right Coinbase will support Litecoin. My guess is sometime in 2014.

all i got from this thread was el dude is a fucking idiot . now carry on please

Correlation does not imply causation

IMO it has everything to do with having to go to BTC before going to USD or goods.  If cryptsy ever really adds USD markets I think there will be much market change.

I think that if and when that happens- websites, vendors, and physical stores will start accepting Litecoin as payment at a much higher rate. Better buy now maybe huh?  ;)

El Dude has been singing this 'Charlie works for Coinbase' song for quite a while now. The thing is, this doesn't change anything. There are a lot of other places people can turn their fiat into cryptos, many more such places than a few months ago. That is exactly why I said that this thread is 6 months too late. Market is deciding right now, it has not decided anything yet. It is exactly these periods of seeming stagnation in price that are decisive, because big investors get into the market at these periods when the price is low and they decide what will be #2, and I don't see Litecoin staying at #2, as it brings nothing new that Bitcoin doesn't have.

Both Bitcoin and Litecoin are not designed to be every day internet currency, and being just the store of value - this is what Bitcoin does great, it doesn't need help from Litecoin for that.

Investors don't care about the tech side of coins. They care about longevity and stability especially if they are using their preferred crypto as a store of value. Case in point, would you put 1 million of your own cash into Asiacoin in hopes that it will explode in price? In terms of the best "store of value" litecoin will always be #2.

That last part is speculative at best. In fact it almost sounds as if you believe that Litecoin block reward increases as difficulty increases. Why would there be a massive dump of LTC just because the network hash rate increases? Sorry, I'm probably just misunderstanding your post.

i didn't mean this, just don't expect a price increase like BTC(which was caused for the most part by chinese), because LTC will be even more a clone of BTC, asic probably will make ltc rise a bit and stay there for a very long time

There's a couple of reasons why it's so cheap right now: 1) Because Bitcoin is currently, and 2) Because there's not really much merchant adoption and demand. I'm sure it'll rise again soon or when Bitcoin does. Maybe now is a good time to buy in.

Because it's a shitcoin? It adds nothing of value now that scrypt asics are here, so I'm honestly surprised it's even worth what it is.

Supply is greater than demand.

So what are you investing in?

Why don't you create another bitcoin clone with 21M coins. Then one your 300coin should cost 1 BTC, right?

All I got from this thread is the majority of people here hate litecoin simply because they missed out buy in it at $2 this time 1 year ago and make up for it by buying craps coins with shit development teams and no real future.

If u take your head out of your ass and step back for a second you can clearly see Litecoin is the only coin that has a chance to be taken seriously by big investors.

- no other coin has a developer who also fixes bitcoin

- no other coin has a founder who works for a fucking major bitcoin company with over 1 million bitcoin users

- no other coin has a family member who runs a Chinese exchange ( the same one that took bitcoin to $1200)

I would never invest more then $100 into these crap mine and dump coins around here all you bag holders desperately try and promote on a daily basis.

The price of the COINS is has nothing to do with liquidity, impossible

You can argue either way. Yeah, of all the alts Litecoin is probably one of the better ones, or at least was one of the first, but at the end of the day it doesn't really offer much in originality or innovation either, but like you said, I'm sure there's always a few people who are angry that they missed out on whatever coin and now just slag it off when they can.

Weighed words. I can add that Litecoin added exactly nothing, even it's PoW hashing function - scrypt was used in earlier Bitcoin clones. Litecoin is just Bitcoin #9. It appeared because some people were angry that they missed BTC when it was 1 USD worth.

Your right litecoin's development team have contributed nothing to bitcoin in terms of bug and security fixes in the last serval months and the coin you hold has right ?

I don't know about bugfixes. But Bitcoin #9 contributed exactly nothing in terms of innovation, unlike some other rare examples of altcoins. I'm sure several more teams from altcoin world are able contribute to Bitcoin too, and I suspect they already do. Bitcoin repository has 198 contributors. It's so many, that imo it's unlikely, that there are no some altcoin developers among them besides Litecoin developers. But still, that doesn't make their own shitcoins less worthless.

This.

LTC advantage has been advertised as GPU resistance first, then ASIC resistance and now what ? Cmon guys, you have to wait for LTC to be added to MtGox so the price can go to the moon. Wait, this wont happen anymore :o

I perfectly understand many of you are tired of altcoins; there is one created every day and what is their purpose? Right, to pump it, sell it, done. Next.

While I'm in a hurry right now, I could give you literally a list of all the good things about Litecoin; things this 'altcoin' does different than those shitcoins.

Anyway, a ton of these shitcoins are based on Litecoin. It must do something right, don't you think?

While this was a advantage for litecoin at one point , Litecoin was never designed to be asics proof. Either way it doesn't matter what you guys think , the market has spoken , money talks and litecoin has been decided has the number 2 coin.No other coin comes close in 24 hour volume and marketcap and that's a fact nobody can dispute.

Yes this. LTC is a shitcoin since it dilutes bitcoin valuation (of which everyone should care about since it's the market leader) without bringing anything new to the table. It's purely gold-rush mentality right now.

LTC ASIC manufacturers, even more so than Bitcoin get rich by 'aging' (burn in) on ASIC setups with ability to scale huge farms and expand rapidly, (10's-100's of gigahash) - then they sell to  greedy end customers who buy assembled hardware at up to 1000's of percent markup, then they can dump at almost any price without a loss and laugh as the rest struggle to break even.

Now anyone investing today in LTC expects increase in litecoins market cap too! lol!!. Based on what infrastructure? even sustain is optimistic. a 5x increase in LTC price will be a 1.5 billion $ market cap. do you know how much fiat inflow required for this? That's fiat that will be diverted away from BTC, and since BTC falls. LTC falls, and then home miners with bills to pay need to dump more and house of cards comes tumbling down.  


Litecoin was a clone coin of Fairbrix. which was clone of tenebrix and so on. Public did not know POW was broken. and devs are lazy, many shitcoins take the easy route by copy pasting litcoin codebase or using coingen and tweaking few params, add few gimmicks, maybe call it texascoin or squirrelcoin. bam. instant profit.

LTC offers nothing of value over BTC.

bullshit. it was specifically designed for that


And  despite those claims that guy was secretly mining with GPU with his own optimized implementation while all suckers were mining on CPU's...he played everyone
next he was working on FPGA's while everyone was on GPU

There can only be one store of value coin, and that is Bitcoin. Two coins for store of value is too much, there is simply not enough fiat liquidity looking for permanent storage in this market for two coins. Now that this is out of the way, the market also needs a coin for circulation, and it can't be Litecoin either, because it's too rare for that, just like Bitcoin. And here comes Dogecoin, to be the preferred currency to circulate and to be spent, while Bitcoin is hoarded. I don't see where Litecoin fits in here.

With so many coins, it is now down to the marketing of the coin.

Dogecoin got itself into the media on several occasions, for good things and that brought it, and other coins to the attention of the public.


Now, with so many coins, it will come down to the coins with not only the better economic management, but the ones with the best marketing!!!

I would like to see DRK replace litecoin as it has a better purpose and overall design features. Litecoin will still rise much higher in my opinion anyways.

It is still early days :D

How could it of designed to be asic proof if asics werent even out and noone was thinking of that when litecoin was created ?

Litecoin is not a clone of fairbrix , Litecoin is based on Bitcoin ,fairbrix is based on multicoin.

There will be nearly as many as 21*10¹² microBitcoins, on average it's about 3000 per every human being on the planet, and every microBitcoin is still dividable to 100 pieces.

Nobody gives a flying f*ck for micro. People want whole coins, not some microsh*t parts. That's why Dogecoin is getting more and more popular.

Yes, Litecoin came out before ASIC was even heard of. Litecoin was NOT intented to be Asic proof lol only n00bs and idiots spout that off.

you'll be amazed how scarce ltc will be when btc goes into upward motion again. Now is cheap.

I think that LTC have much better distribution than BTC, hashpower is growing strongly, so the future is bright.

Man what a rough thread.....where to begin.... (I'm REALLY bored right now and looks like a good one to get involved in haha)



There are a few reasons that LTC could be lower in price than what we expect it to be. Anything from market adoption to asics and everything in between. But just understand that no one really knows how and when LTC will go up in price, and if they state otherwise, they are purely guessing. The only true factor I can give you with high fidelity historical accuracy is that LTC is tied to BTC anywhere from .02-.03 classically. So if and when BTC rises, LTC will almost certainly rise as well. In the past there have been "walls" set up at exchanges which has also kept the price of LTC down, of course this is my speculation that those exchanges or some person did this on purpose in order to buy more. But again, that last part was a guess.



Interesting but doubtful this is an issue or a cause in price. If anything this should cause prices to go up, since there are less coins to be spread around. So you might want to rethink your theory. Than again this is most likely also a large chunk of cold storage addresses.



I highly doubt it, I think BTC will continue to rise in a more steady rate rather than the $1,200 explosion we saw at the end of last year.



I don't understand the reference. John stated that historically (as I mentioned in the above) its been a certain %, and you throw FTC in there? The reason they aren't 1/20th of BTC is for totally different reasons. I'm glad you can enjoy throwing strawmans out there.



Production and circulation are two variables of which to measure the profitability of a coin. I'm guessing this is what you are trying to say? I'm sorry, I kind of had difficulty understanding what you typed.



Again, just a guess like everyone else. This "may" be a variable, but a small one in the grand scheme of things.




eeek

Point 1. You are just guessing
Point 2. Stop bashing other coins, you are doing the same to those coins as others in this thread are doing to LTC. And what banks and governments do to BTC. As a matter of fact, anyone in this thread should be ashamed of themselves for bashing any coins.




Once again, guessing with the China part. But meh.

I'm curious, when asics came out for BTC (which were far more efficient than LTC asics), did BTC get "raped"? Your statement just shows your ignorance.

And well yes, there are differences. I can list them but I have a feeling even if I did you wouldnt listen. However if you would like to talk about them in a respectful manner im willing to explain further.



This is correct, LTC wasn't designed to be asic proof and if there is a market cap for any specific flavor of POW coin (lets take for example x11 since thats the new craze), there will be asics developed for them.




Hashpower doesnt really correlate to demand, but demand almost certainly correlates to hashpower. Think about that for a minute.



We are number 2, and yes just like every other coin we work hard to make that happen :).



If a coin is as popular as BTC, someone will develop an asic because there will be a incentive to do so. There is no such thing as completely asic proof unless a coin dev hard forks every so often to change the POW. Other than that you have delusions of grandeur.



1. This is only a guess.

2. This is correct, no one will know when and if the coin explodes.

3. Yes, more than likely it will take many years to hit the same levels BTC has hit (im talking about 1,200).




LTC is still growing, there are limited resources to continue to pile on innovations when there is a lot of work to be done. If it was done up front than this would be a different story because there wouldnt be an integration issue. Lets state up front that the LTC devs also assist in the fixes and development of BTC as well, they and the BTC devs work well together. The communities could learn a thing from the devs on working together.

Lets be honest here, a few BTC from a pre-mined IPO are pennies compared to the adoption that LTC is experiencing right now, with both markets and exchanges (who were classically BTC only).



This will unfortunately take quite a while to be honest. Lets just say "I know".




Again unfortunately I dont think this will happen in 2014.




Stop getting your panties in a bunch lol. Charlie working for coinbase may or may not help LTC adoption of getting it into coinbase. But you cant argue that it doesnt hurt.

And the entire argument about "why LTC cause BTC blah blah blah" is tired and old. Its like stating why bother having a US government since England was doing just fine, or Visa and Mastercard, or football team X versus football team Y. Its a silly tactic that you and others like you use in order to spread disinformation.

Maybe I dont think LTC is a store of value? What if I want to use it as it was originally intended for by Satoshi, to replace fiat? If Satoshi were to read your statement he would most likely shake his head in disappointment.


This seems to be the closest to a factual statement here. The maturity of a coin is very important, and again is one variable in many that determines price.



I stand corrected, second most factual statement here (although merchant adoption is really picking up).



Yes they contribute quite a bit, I saw somewhere a interaction chart of dev to dev, and Warren was fairly involved for a non BTC dev (more so than any other coin).




It was and still is resistant. If you dont understand what that word means let me google it for you http://lmgtfy.com/?q=what+does+resistant+mean

And please dont even mention empty gox. Its a stain on BTC, LTC, and every other coin out there.




Eeeek, another one. Here goes nothing.....


The very idea that LTC dilutes BTC value is not only pure speculation, its FUD and should be treated as such. For starters, crypto-currencies are suppose to replace fiat, or as a viable alternative. Meaning at the end of this, people should be pricing USD in BTC or LTC amount. I know its still early adoption and we all have a long way to go, but once this happens (and it may one day), how will it "devalue" BTC? This is simple thinking.

BTC is the market leader correct, but there are other alt coins out there that provide better innovation than BTC. I guess that makes BTC a shitcoin as well?

You are correct, its a gold rush mentality.

As for the last statement, value doesnt mean capital in something. Do you really think there is all those billions of dollars of BTC are really there? What happened to all the rest of the billions of dollars that were in the market cap (1,200 per BTC) to now (400ish or whatever today), some magic money maker and financial wizard just pulled out? Your just silly and need to rethink your statements.




Damn, I wish someone would have told me there can be only one store of value before I bought gold and silver. I guess its against the law and was stupid of me! Also see my last response about fiat and market caps and such.







Last thing I want to say is this (I kind of already stated it). You people should be ashamed of yourselves for bashing any other coin, whether it be BTC, LTC, Doge, FTC, or something else. You are doing the same thing that the governments and banks are doing to BTC. We are all in this together, and that is to fight the good fight and finally be able to have financial freedom from the crooks all over the world that controls our money supply.


I'm asking....no begging....please stop the hate. It is counter productive and a waste of time and energy.

EDIT: Fixing broken quote brackets

2 words " supply demand"

People need confidence to buy it up.

 :o Dayyam... That was possibly the longest quote wall this forum has seen!!

you are the idiot and you weren't around 3 years ago to know you just recite what you've read about this year.... I was mining LTC in first week of launch.  only people started changing their tune about that recently- they are scared to hard fork.

READ the quoute above. it clearly says tenebrix was developed to be ASIC resistant.. I've even bolded it for you ffs- scrypt algo was integrated into LTC specifically for that purpose and that, along with fair launch was 90% of reason the coin gained some traction. and yes the whole point of alternative POW function WAS because it was KNOWN that eventually cpu would be overtaken by gpu, gpu by fpga, fpga by ASIC. this was theorised  even in 2009 by satoshi himself. and definately in 2011 it was spoken about and dicusssed at length. maybe not common knowledge for common folk but it was certainly an inevitablity for anyone smart enough to understant. all you have to do is do some search to find that out.

TLDR

Litecoin provides no significant advantage over BTC now that scrypt ASIC's are in the wild.

If your not BTC or a POS coin then you will have trouble.

I aim to please :)



Again, it was never designed to be asic proof, just resistant. And again you skipped over my post addressing this and your other issues. Please re-read and please comment as you feel needed. Thank you :)




To silly didnt read

Spend some time educating yourself and read my post (albeit, it is a bit long but addresses all major points in this thread).

I wouldn't never invest in a POS coin , why would I spend my coins if I could stake them and get more? , POS encourages hording IMO and also gives the rich more coins for doing nothing.There's a reason why Peercoin won't ever be number 2 and it's 24 hour volume is $129,675 compared to litecoin's  $2,105,900

Almost nothing is ASIC-proof. asics just perform specific function, in proof of work the purpose is acceleration.
yet if designing an efficient application specific implementation is not cost effective then for all intents and purposes it is asic proof. SHA256 pow was never marketed as asic resistant, that's why scrypt came-- as a safe haven, a diversification or a hedge, with the knowledge btc was going to be overtaken by centralised mining ops and manafacturers who make huge profit it provided an alternative which aimed at bringing back decentralised mining.

I didn't write that it was ASIC proof. of course someone can port to FPGA. i wrote ASIC resistant.
Would you argue that litecoin has resisted efficient GPU, FPGA and even ASIC implementations? It may have in past but now it's not resisting shit.

I hold shares in a mining company that will bring online 300GH/s worth of ltc hashpower starting next months. just ONE company, there are others like it. total network hashrate over past 3 years only just recently surpassed half of that. If that looks resistant to you then you are deluded, it's failed at it's main selling point and now offers no tangible benefits over BTC. .


since coins are constantly mined, we see constant inflation. Those who mine can either sell these coins or hold them. Larger mining operations and ones with bills to pay will be selling.
with Bitcoin, Peta-hash level mining farms already dumping huge amounts outside of dark pools onto open markets, it's a fact that fiat needs to come in to offset otherwise price will fall.

Now bigger and bigger farms are existing for LTC. some of these farms have developed own hardware. Since they have already paid off all NRE and various other expenses they can scale up massivelly and sell at almost any profit now instead of 1000's of distributed miners who all have small slice of pie you may have 3-5 large farms and 10+ medium farms, mining majority of the supply they have huge influence...BUY support needs to offset this sell pressure if/when they decide to sell. The higher the price of LTC the more buy support needs to appear. when sell pressure increases and buy support can't be sustained. price simply falls.

 LTC does dilute BTC value, If I pour fiat into buying LTC instead of BTC and so does 50% of everyone else it's easy to see what would happen.
 If every day just $100k went into LTC infrastructure that didn't go into BTC btc would take a hit. also unfortunately, if BTC fell 50% overnight, LTC would also fall. despite it supposedly being a strong independent altcoin who dont need no bitcoin and supposedly the silver to btc's gold

This is wrong , because Litecoin and Bitcoin are similar they easily share the same infrastructure , money that goes into bitcoin or litecoin  infrastructure benefits both coins , LTC and BTC have a special relationship where they help each other out.

proof ?

O that's right your talking out of your ass again , go back trying to pump ur crap MAXcoin lol  https://bitcointalk.org/index.php?topic=601493.0

I 100% agree. the concept of peercoin is terrible. 10 minute transaction times, waiting 20 days to get stake coins. Its a terrible setup.

If your only experience with POS is peercoin then check out blackcoin at some point.

10 sec transaction times
coins are available to stake after 8 hours so no need to hoard
1% stake annually
no ipo
no premine

I know I curse bitcoin's 10 minute transaction times. its infuriating some times waiting for btc to confirm. BC confirmed fully within 1-2 minutes.

honestly its simple, maybe too simple. You can see my sig so i am little biased, so take this with a grain of salt.

-calls me stupid , because I asked for proof of BCX claims that 1 person own 100% of the top addresses
-doesn't show me proof and calls me a noob because I made this account 1 year ago (like I don't have other ones)
-supports BCX and his MAXCOIN pumping ways

yes I look stupid right now.  

I don't think you will encounter too much of an argument on that.

cool story bro , you must be very important I better listen to your advice in the other thread and buy Maxcoin.

its quite obvious you and bcx are the same person , in every one of your posts your constantly sucking his cock.


anyways let try and get this thread back on topic.

and you look like the biggest pump and dump piece of shit trying to pump a dead coin like Maxcoin.

just give it up nobody cares what you think.

wow, that was a long post, I want to answer only the store-of-value argument, as the rest is not so important.

Gold and silver metals both have unique properties and neither of them can replace each other, that's why both are valued by humanity.

BTC and LTC are the same minus a few insignificant technical details and can perform the same functions, that's why only one can be valued, and all things being equal, the first one that came into market is and will be valued, there is no place for two store of value assets here.

Neither BTC nor LTC fits into the every day currency category though, as they are too rare for that.

Sorry you lost all credibility and respect from me when you chose to pump a dead horribly instamined coin. You have that much BTC and LTC and still need to pump that crap ,that's pathetic.

Yes, not hard. Let me know if anything pushes through.

because it is a copy and paste and people don't like imposters

IMO the more currency it exists the more it is spread the cheaper it is, and as long as it doesn't have such support as bitcoin it is cheaper. And agree with jabo38, that it is a copy of bitcoin

Only because BTC famous than LTC, so they have more money to support. Have something interest, someone will always took pains to do.

Price with circulation is not proportional relationship, decided the price is value.

donot have good body to support it..

I believe there are two reasons.
1. China is attitude of the government.
2.It is the DOGE effect, of course Chinese lion is still relatively large impact. ;D

Cheap??? Why is it still worth 400 Mil. Unbelievable

;D ;D ;D ;DBecause the BTC is too expensive！！


Was just a joke, in fact, LTC is not cheap, just your illusion, think inverse relationship in the circulation and price

There is no reason why LTC should have the same market cap as BTC, this would never happen.

Up until modern history silver and gold, while each have unique properties, never had proper applications of those properties. Classically however each have been utilized as a currency for many hundreds of years. As a matter of fact, the values between the two (when used as silver and gold coins) were not that far apart in value at all, certainly no where near the 40-45 times amount that BTC's and LTC's relationship shares. So I really fail to see your initial point at all.

And please explain to me, why you feel they can't share the same market? Gold and Silver (since thats what we are talking about) share the same market just fine. They each can be used in electronics, jewelry, medicine. Really off the top of my head the only thing that I can think of is that silver can be used as silver backing for mirrors (which really can also be replaced with aluminum I think).


So classically they are both used as currency, are currently being used to store value, and between the two they perform nearly all the same functions. If you think I've made an error please show me.


Honestly this thread is starting to turn into nonsense (not just you, most people here). No one can really compose a detailed and valid argument and keep on repeating "DUR Litecoin are badz cause im a bitcoin fan".



I truly hope that every single one of you understand that we are in this together and fighting like this about shitcoin this and shitcoin that does nothing for our mission. Which is to replace fiat with crypto's.

It's not just LTC, the whole market is too low, because there was China effect.

But it seems that LTC is dropping more % then other coins, I believe the asic company is "testing" their products and selling it all on market..

Litecoin devs and community are doing nothing, they are just waiting for Bitcoin to go up and take LTC with them. more exciting coins in crypto industry.

Yes, the price reflects the value.

Not obsessed with how much of the total

Exactly , they believed that with scrypt asics and rise in litecoin difficulty , Litecoin price will behave the  same way as that of bitcoin , but that has not happened yet . Even with current difficulty , Litecoin price is not rising while many interesting things are happening with other coins.

Ur right the devs do nothing , that's why every other clone coin here copies Litecoin and depends on Litecoin devs for updates. Warren Togami has contributed nothing to bitcoin. I agree coins that copy litecoin and have no hardcap and add a picture of a dog are much more exciting then litecoin.

Look at the  gold price and silver price ,in fact silver reserve is less than Gold, but the price is cheaper a lot than gold, the reason is people's acceptance ,if you are TOP ONE choice,you will get premium.

 

More markets need to accept LTC, to gain it's price.

Should it be a good moment to buy Litecoin at this moment? Or do you think the price will still go down?

Hard to say, at 0.024 is a strong support. Next days will show.

because asic manufactures will use your preorder money to build hardware, will mine with your hardware, dump coins in the market and send the crumbs to you.

The OP is asking the wrong question.

The important question to answer is 'Why are any of these cryptos worth anything ?"

When you figure this out, you will know the answer to the OP's question too.

Litecoin is relatively small in relation to Bitcoin, that said Litecoin's market cap is greater than all the marketcaps of every other altcoin below it added together (correct me if I'm wrong). So it's in a kinda strong 2nd place below Bitcoin.

Everyone seems to have their own agenda accross the forums, Reddit etc. propagating positive or negative propaganda depending on which coin they choose, just remember cryptocurrencys need new faces not just the same ones switching their support from one coin to another. Newcomers probably take one look at the greedy caustic atmospher and say No thanks to any CryptoCurrency that's a problem for adoption.

Litecoin is cheap if you believe it will be worth $200+ one day, alternatively if you think it'll be worth 0 then it's expensive.

I believe it will be worth 10$ one day so its kinda boring

Litecoin wealth distribution is massively skewed. worse than bitcoin yet not so plain to see.
insiders stocked up in anticipation for a run-up for a long time.

now we get the greed game almost as a microcosm of btc few years back. where  holders, having seen what happened in the past assume a massive price increase because of net hashrate increase and difficulty spike from first public large-scale sales of scrypt capable ASICS's.. yet its too obvious, it's too simple and it's already priced into market.

Reality is much more LTC will be dumped than buy support can come in to offset. LTC is not independent or free floating from BTC. If BTC down LTC down and the more fiat , attention, R&D is diverted away from the main man Bitcoin the worse LTC will fare too. At one point LTC offered a hedge from BTC's mining centralisation with it's alternative POW. now scrypt is broken for all intents and puroses- ltc doesn't have a real infrastructure. it's only got slight network affect of being longest running alt-coin or silver to btc's gold. the coin truly offers nothing of value over BTC and the only ones guaranteeing profit are the hardware manufacturers and resellers..just like the gold rush.

QFT

Have there been any major (or even minor) LTC developments lately?

Has LTC partnered with a major firm?  Has a major online retailer agreed to sign up and accept LTC?  Are there going to be any LTC ATM machines as per BTC?

As much as I like LTC, and hope that it goes up in value coz I hold a small amount, I cant see it doing much.

There is so much interest in other coins now that are actually offering the marketplace something usefull that LTC is just treading water it seems.

I dont devote my life to crypto currencies so i'm sure there is some action happening behind the scenes but unless LTC can announce something big, then it'll just be idling around $10 give or take until another altcoin takes it over.

You have to remember, that LTC is like the "little brother" of BTC. We are a year behind in terms of quite a number of things. But with that said, LTC has made quite a bit of process in terms of acceptance and general public knowledge.

As far as large merchant acceptance it is a catch 22 like bitcoin is in right now with the really large institutions. We need merchants to accept LTC in order for the price to go higher to provide liquidy in order for the price to go higher so on and so forth.

As far as the idling around $10, this is a resulting fact mainly of the coupling that the price of LTC and BTC shares. If BTC goes up, we will have a nice raise in LTC price. :)


And yes, the LTC community is working hard with our coin. We set up a community projects section in our forums to help the Litecoin Association with their work in promoting and educating LTC and crypto's in general.


And people can really say what they want in terms of "other coins taking us over", but the fact of the matter is that our market cap is still larger than all other alts combined below us (much like BTC can state the same thing).

Namecoin has the same specs as bitcoin - 21 million coins. It is currently at $2.

Namecoin is undervalued!! With all things being equal, Namecoin should equal Bitcoin's price and be $450 right now.

/sarcasm.