Bitcoin Forum

Whats up with LTC?
Big dump a few days ago to sub 8? A recent smaller dump etc

Rats abandoning the ship. Whales coming in.

It is done. There is nothing interesting about it. The 2.5 minutes blocktimes also look slow now now.

Think it'll bounce back or die a slow death?

It is gonna eat BTC alive in the next months. Just wait for the last lemming to jump off the cliff.

Hodl and go support this initiative: https://litecointalk.org/index.php?topic=2327.0

This seems to be the million dollar question.
I hope it survives, but it needs to do something...anything.

Agree with the other poster in terms of the transaction times seeming slow now.

There doesnt seem to be much push from the community to actually get it mainstream.
Even DOGE sponsored a Nascar driver and that bobsled team.

LTC should try to sponsor a UFC fighter...or even a little league world series team  ;D

https://bitcointalk.org/index.php?topic=677834.0

doge lost more than ltc did

It seems to me that one of the whales who holds lots of ltc needs to do some PR on it in order to boost the market. Sponsoring a sports team might be a good idea.

And the ship is a whaler :) Whales to the slaughter.

Thing is....all those whales who held LTC already dumped it/cashed out. All that's left is LTC bagholders, and you guys are gonna realize that only when it's too late..

ASICs killing litecoin, plus news algos appeared.

Only hope for litecoin is the dev team and more acceptance for the coin.

What can Litecoin do that Darkcoin can't?

FIFY :D

Confirm slowly.

Litecoin was somewhat interesting as long as it stayed GPU only. Now it is just a version of Bitcoin without the first mover advantage.

Ltc will surpass btc with mass adoption soon enough, not many serious investors will risk an anon dev especially with such a large stake, thats the huge advantage ltc has over btc.

LOLOLOLOLOL

Thx for this post Man U sweeten my day.

Ltc  surpass  Bitcoin? ROFLUCKINGCOPTER ;D  what drugs do u take? Share PLZ

~CfA~

Either price is crashing or people are not supporting it
Litecoin past has similar problems but it has always come back still largest by far
207 million to NXT at 57 million but changes happen.

Here is a good post by someone that explains a lot:

https://bitcointalk.org/index.php?topic=624223.msg7662665#msg7662665

LTC will surpass BTC in the same way that Mark Sanchez will surpass Peyton Manning

Actually, Darkcoin also has 2.5-minute confirmations.  ;)

But yes, my basic point was that Litecoin is not so special anymore.

Trick question they both can't do anything BTC can't.

Scrypt ASICs changing the altcoin world. Because these Scrypt ASICs are not cheap, I expecting big selling pressure on Scrypt coins for the Scrypt ASICs owners to get positive ROI quickly

look at all others alt, all are going down a little bit. litecoin is still the best alt out there with biggest market cap, silver of crypto  :)

Surpass BTC? LTC is more or less useless. If any were to surprass BTC it will be one of these new coins like NXT, XCP etc.

joe public or wall street aint going to even look at the crap people are dribbling on about here, its all btc/ltc and the bs u guys a peddling to make fiat just isn't going to wash.

Going, going, gooone! Goodbye ltc it was nice knowing you. Now lets start the countdown to Bitcoins demise..

LTC is too big to fail.  Some rich guy will probably come in last minute and buy up the sell whales.

Like Titanic.

i disagree with you, there was no one to save titanic. when big things fail and fail badly then you will find no one to save them.

 umm. . . it already failed dude

~CfA~

How can you compare a ship that crashed with commodity like litecoin that can get support (help) from anywhere over the world anytime?

Litecoin is an utter piece of shit crapclone of Bitcoin which is dying hard right now.
if u were to honestly tell any1 to buy this id consider u a hardcore financial fraud criminal

~CfA~

It is already failing if you are following the recent trends.

+1, these people think because a coin Had a decent size marketcap, it was too big to fail.

Have you never looked at all those big companies that went backrupt? Did you not see all the car manufactoring firms having to get bailed out of bankruptcy by the U.S government?


If Litecoin were a company, it'd be a failing one, laying off it's workers because of lack of revenue, and eventual bankruptcy.

You're joking right.

People's GPU, ASIC's, and Nodes keep the LTC network running, making new coins. If people stopped running nodes for LTC, and stopped mining= Dead, and the network would Halt.


You obviously have no idea how cryptocurrencies work do you..

https://bitcointalk.org/index.php?topic=678458.0

Why did the Coblee decide to keep the vanilla scrypt algo and let Litecoin go to the ASICs anyway? I read his post with his supposed explanation, but the logic was so weak that it almost seems like he would have more to gain by letting this happen. The justification was just odd and went against the one of the primary, if not the primary goal of Litecoin.

And see this is what I'm talking about when I post about the insanity of the Litecoin community letting their coin just die like this while you have legends like this reaching out with good ideas. But nothing ever seems to happen in Litecoin but complacency and arrogance. Blows my mind to see 300 mil market cap coin go to waste like this. Litecoin with it's market cap had such a huge advantage over other alts which it could have used to cement itself as the alternative to bitcoin if there was enough will in the community to push some boundaries and innovate.

The only positive thing I'm getting from this is some faith restored in free markets. The market is adapting and responding to Litecoins lack of initiative. And in the future other coins will learn not to get complacent, as Litecoin will live to be a cautionary tale.

Based on what metrics?

Did the security of LTC fail?

Did the blockchain fork?

Oh wait you are purely looking at the price of LTC in terms of BTC or USD.

Litecoin and the protocol it uses does not care what its price is.

You have to be the most ignorant person Ive seen here on this forum, Dogecoins security didnt/wont fail simply because it's derived from Bitcoin, just like Litecoin and 10000000x other Bitcoins clones are.

How about these questions instead, I'll even answer them for you.

Does Litecoin have any adoption at all from major companies? No

Does Litecoin have a large and supportive community? No, litecointalk.org is practically dead with hardly any posts being made, Dogecoin's community puts Litecoin's to shame.

Does Litecoin have any worthy features at all? No, Litecoin offers nothing that Bitcoin doesn't, making Litecoin obselete

Does Litecoin have first mover status? No, because namecoin was the first alt-coin to be made, and there were dozens of alt-coins that were made before Litecoin.

Is Litecoin dead/just another shit alt-coin? Yes.

That should result in better distribution. Because the coins that were once in the hands of a few are now in the hands of many. A lot of BTC whales sold their coins back in 2011/2012/2013 too.

I think it was ASIC's that really did it for me, I figured that Litecoin had potential as being ASIC resistant due to it being memory hard.. and while it probably still does and I'm not sure if ASICs totally kill off graphics cards.. but I just kind of don't see the point.  What does Litecoin have going for it that BTC doesn't?

Proof of Stake.. that's where the next big thing and direct Bitcoin competitor will come from.  I'm mostly in Nxt as the algorithm behind it is genuis.  They've fixed the 'Nothing At Stake' problem by using an algorithm different from Peercoin, and no centralized checkpoints unlike Peercoin where a developer could overwrite Peercoin 'minters' blockchain just by manipulating his checkpoint.

I see confirmation time as one of the big drawbacks of BTC.  I don't want to wait 30-ish minutes for 3 confirmations.  That's too long when other forms of payment can be processed in seconds.

That may be, but better distribution won't revive it.  You need people that have a large stake--people with money, influence, and a lot to lose if the coin fails.  Your average Joe with 10 LTC can't get the community to rally.  You need someone big.

so why not go for even faster speeds if that is what you wanted, there is plenty out there that will out do ltc in speed and security wise.
LTC is worthless without pumps.

Pump is the only way for it to go up in price, not the technology, now that just sounds silly.



edit:Another thing is that almost all new guys coming into the crypto revolution will do research upon investing big $$. what will happen is that they will see that ltc is getting old and its not providing new innovation and other competitions are rising. what is the logical way to invest?

In fact i would say most new guys would not invest in LTC. thats why you end up with price that is dropping and dropping because of bag holders loosing interest and jumping on new innovations.

seriously LTC is exactly like myspace before Facebook comes online!

LTC has something none of you shaltcoin pumpers have - volume.

yeah ltc will be bigger than btc when a team looses the superbowl in the first play of the game. oh, wait. um...

LTC has something none of you shaltcoin pumpers have - volume.
[/quote]

That is why I love Litecoin. Volume and coins are well spread!

Yea, have you ever been to Mintpal? There's about 9 buy orders and 90 sell orders, I can count the buy orders on both hands. It's really well spread (sarcasm)

lol darkota trades on mintpal.

That is why I love Litecoin. Volume and coins are well spread!
[/quote]

That is called liquidity.

This bubble chart shows all cryptocoins and their total trading volume summarized of all exchanges for the last 24 hours on it. The volume is denominated in BTC. Other second currencies like USD, EUR and LTC are getting calculated back to BTC to show the right data.
https://i.imgur.com/aFyedHY.png?1

True that. Who cares if you can make 900% if there is only the liquidity to sell 0.1 btc worth? No serious money cares about that.

I hope LTC's price in compared to BTC will recover, as I invested some money in it a long time ago. Ever since I could count the number of altcoins out there on the fingers of a couple of hands.
This is just a temporary phase. As someone pointed out above, unfortunately, I too sense that the LTC devs are sorta complacent though. Just my two litecents :).

Yeah I remember when I could count the number of alt coins out there.  But that's a long time ago.
http://i.dailymail.co.uk/i/pix/2011/11/11/article-2060340-0EC143BC00000578-899_468x325.jpg

As far as LTC development, there are a few proposals going around.  There might be a few enhancements going in hopefully by the end of the year.

I posted on Dakotas thread but he delete it. i dont feel like repeating myself.

short version: Be a man and open a post and tell us why your "support" of the coin you want is worth it, not open a thread and take a shot at other coins and hope people will come running to yours.

Darkcoin will take Litecoin's spot as #2.

Litecoin devs arent going to implement anything. Stop hoping.

Darkcoin coins distribution range from http://bitinfocharts.com/top-100-richest-darkcoin-addresses.html

Litecoin distribution range from http://bitinfocharts.com/top-100-richest-litecoin-addresses.html




yeah. Again i am not here to bash darkcoin. All coins have investors and i do not wish any harm to any coins community!. But its silly watching users here trying to take advantage of a slipping market of a coin by make it seems like your trying to advise people. Seriously. think you coin is better. make a topic about it. stop taking cheap shots. No one falls for it.

plus when one coin loses we all lose. especially a coin with market as big as litecoin. We need all the top coin to be healthy and push cryptoworld for mainstream.

its silly to think one coin only. If you are thirsty you have option to drink water, refreshments or alcohol. Don't you all understand that people will always look for other choices.

Darkcoin is fighting to be the top coin for annon market , litecoin is not fighting you for it. NXt is a new algo with "pure" pos , litecoin is not fighting you for the #1 POS. So why the cheap shots? i only see jealousy in these post and they all seem to be pointless.

Sorry, but I do not believe that. I think Litecoin will recover.

What is wrong with mintpal? :) I like that exchange a lot!

Coblee could care less. He has already made his money off Litecoin.
Litecoin was interesting at some point, but now its just another coin with hardly any redeeming features. As an investor why would you even bother with it when you can easily get Bitcoin.

There is little they can do unless they can get some great technical innovation. Maybe a second generation coin with features and airdrop it with 1:1 on Litecoin may work. But then why would all those making that effort put it on Litecoin will not just create a new one where they will get a bigger stake.

You would bother with it because the model of LTC and BTC has followed a path of one going on a downtrend and the other an uptrend. Theen it reverses. You make money, or BTC or LTC, when you play the two positions. This is how you turn a handful of BTC into 50 BTC, or a handful of LTC into 1000 LTC.

Look at the charts.

Disclaimer: Yes, we may be in a new paradigm, but so far there is no evidence to suggest that. LTC is not behaving typically.

This is such a stupid position to hold, and will lose you money.

You could always try a DRK-only exchange.... call it "Butterdark" lol

Litecoin is Feathercoin on steroids.

+100

It seem's as though the litecoin dev team is in complete cruise-control mode.  Nothing going on in litecoin forums insofar as real innovation is concerned.  Even community support is seriously falling off at this point.  There almost seems to be a sense of "we are the silver to bitcoin's gold" mentality going on in the litecoin camp because they still hold #2 position with regards to market cap.  I have a predicition:

Barring some serious innovation and new life getting breathed into the litecoin community by this time next year, litecoin will no longer hold the #2 position.

;puts away tin-foil hat :)

I would be shocked if that were not the case.

Assuming of course Litecoin continues on the path it's on now of doing nothing.

Anyone who believes Litecoin will hold it's #2 position is deluded.

In real life, silver has properties that make it valuable, and which gold does not have.

Litecoin has Nothing that makes it valuable over Bitcoin, every feature litecoin has, Bitcoin has, so there is no point in Litecoin even existing anymore. It's just taking up unwanted space held by it's bagholders, they're only going to realize their bagholders once the price dives below $5 and never goes back up.

I love this misconception that "doing something" = being successful or relevant.

Litecoin is still usable and secure and has a very large market cap and market depth.

Almost 3 years running strong.

I'll say that Litecoin is still secure and usable as a payment network. There is the arbitrage point of view as well but that applies to everything.

Money always tends to go where the volume is. Litecoin has lots of volume and lots of market depth. Most of the other alt coins don't have much of market depth at all.

But hey sell your litecoin or dont buy them as I will and will be waving to you from the moon.  ;D ;D ;D

Has DarkSend ever been open-sourced?

This was one of the main reasons I completely ignored DRK.

The other part was because if it is using completely anonymous transactions then you will never see DRK go main stream and accepted by big businesses as they would not want to touch it.

I'd like to welcome you to join us on the Litecointalk.org forums to debunk your thoughts on Coblee. He is still active in the community. If what you said was true he would be long gone.

Shhhhh.... don't tap the aquarium. :)

But if other coins start to gain volume as well Litecoin will lose that competitive advantage.

It might not happen today but it appears to me that it is inevitable.

It might take a while. Who knows. Or it might not happen at all if the community decides a more active agenda for the coin is a better strategy.

The same thing could happen with Bitcoin. But if it does it would be on a much longer time scale, maybe 10-20++ years maybe. For the foreseeable future the amount of 3rd party innovation and infrastructure is more than enough to keep it strong on top of the obvious liquidity and market cap.

I wish there was a bet I can make that NXT will blow away LTC

100% premined distributed to 70 people will not overtake litecoin lol

No further development for litecoin

https://github.com/litecoin-project/litecoin

stop the trollin

Agree,I have been give up to minning.

lol u call that development my brother? :D

~CfA~

No need to panic I believe, with ASICs increasing difficulty there will be more sellers driving price down because the ASICs are so overpriced most want get their ASICs investment back as soon as possible. But as the ASICs get cheaper, the LTC price might stabilize

Ignore DARKOTA he is a troll who PUMPS and DUMPS - Look at his original thread here:

https://bitcointalk.org/index.php?topic=658541.100

Then look here:

 https://bitcointa.lk/threads/litecoin-is-officially-dead.331214/page-5

Troll on indeed:

http://coinmap.org/
www.uselitecoin.com

This thread is starting to show the true TROLL: I have been PM'ing everyone in this thread, some have even joined the Litecoin Talk forum because of this troll so i actually think its ok his lies - everyone is being PM'd this:

'Litecoin is dead'

Look at the original thread - he has deleted more than 100 posts from people supporting Litecoin, he is a troll who pumps and dumps

https://bitcointa.lk/threads/litecoin-is-officially-dead.331214/

These things happen from time to time with every single coin. Look at the history of Bitcoin and also LTC has done this in the past and recovered. Don't listen to the trolls LTC is probably one of the better alt coins and one of the first I think.

Nothing is up with it. It's just following the same pattern that BTC took as it grew. It is maturing nicely, just has a few hurdles to get over. The only thing that's up with LTC is the moon  :D (couldn't resist).

He is a sad individual indeed, and after viewing him on that video, I kind of get why he is twisted. Life didn't give him a great hand of cards, so Trolling is his only outlet.

He's deleted about 40 of my posts from his silly thread. Admittedly, most were reposts of the last post he deleted.

Strange little guy.

Someday it will be the coin of walmart
Bitcoin the coin of gold  ;D

Ltc was a sitting duck for some time now. At least it went out quick and fairly painless.  Only a few stupid n00bs holding now

Pretty crazy how much it has lost in the last 60 days...
I guess you were right about it being a sitting duck.

Failing straight outta the sky now, with no parachute

As I see it, ltc needs to prove that it has a reason to stay around. If it doesn't, it will die. If it does. it could go to the moon.

As I see it, ltc has to find a reason to stay around. If it doesn't, it will die. If it does, maybe it hits the moon.

Wasn't LTC predominately held by people in East Asia?

If they're all dumping LTC then where's the money going?  Practically every alternate is doing down at the moment.

Cost of scrypt ASIC miners keep going down. It is expected to keep going down till December.

If there is no demand and no usage, you can expect the price to keep going down till year end.

I converted my litecoins to bitcoins while they were still worth something decent.  The way I see it is that litecoin has a much higher chance of being worth zero than bitcoin.  Going by mainstream media, hardly a week goes by without bitcoin being mentioned in newspapers, radio and TV broadcasts.  I have heard dogecoin being mentioned a couple of times (primarily before the winter olympics) but litecoin?  Never.  It's a geeky plaything that had first mover advantage in altcoins.

While we maintain an active interest in bitcoin and altcoins, it's the general public who must adopt them and pump their private money into cryptocurrencies for them to keep increasing in value.

Strength, security and usability are the only features that matter at the protocol and network level. Litecoin has demonstrated both strength and security. Just needs to improve ease of use.

Anything else is just window dressing. Third party developers will solve a lot of the issues.

There is no hope left people. Sell your LTC ASAP

There's always hope.  But someone big needs to champion the LTC cause.  Otherwise, you may be right.

Admit it, at this stage you just have to laugh at all the FUD.
Those who are scared, sell your LTC now.But do so at your own loss!
Your LTC will be snatched up straight away. People have belief in it.
When it reaches the moon, don't try selling your story to a paper. - We told you so...

The reason is the economy built on top of the crypto. Most crypto 1.0 are not suited for that, they are only money transfer tools, nothing else. Bitcoin has a first mover advantage, that's why it has somewhat more of this economy already built than others.

Only crypto 2.0 technologies truely allow to build natural economy, because they are/were designed from ground up for that. Economy = use cases for a crypto. One use case (money transfer and saving mechanism) is kind of covered by Bitcoin already, there is no use case for Litecoin.

That said it takes time for 2.0 to release so their is hope for these 1.0 coins to evolve and keep pace with newer emerging coins
Nothing remains static but it is still going to be a challenge for Litecoin.

Different implementations of crypto 2.0 are already released: NXT (has been around longer than others) and its minor clones, BitsharesX, Qora, NEM (testnet at the moment), Ethereum (testnet?), some others probably (hard to follow all of them). All of them are still under heavy development, unlike crypto 1.0, which stagnate and lose market share.

I'd be surprised if they were even that far to be honest.

I think crypto 1.0 currencies can still work with the right community and right infrastructure built on top of them to make them easier to use as currencies for regular people.

Crypto 2.0 style currencies are great, but there is also an added element of risk considering they are still new and yet to go through the rigorous testing that Bitcoin has gone through over the the past 5 years+. That can't be dismissed completely I don't think.