Bitcoin Forum

Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me.  Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish.  The 365 day chart does not look good...at all.

Is there some particular news that is triggering this massive downward slope?  And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.

I'm in LTC, and don't judge it on its $48 high, which was a pump on the back of the Karpeles BTC pump.

In my mind, LTC was a $2-4 coin, so this price is high. I can see it dropping lower, but I expect it to reverse its decline against BTC.

So if you're a BTC holder, and not selling for cash, LTC looks like a good bet, even if it does still have some more little dumps.

Ltc really looks shitty today. No doubt.
So do many others. Even btc is falling.

Money is and has been leaving the cryptocurrency scene.  People are depressed, giving up, and accepting loss. Where it will end is anyone's guess.

Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me.  Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish.  The 365 day chart does not look good...at all.

Is there some particular news that is triggering this massive downward slope?  And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.

Most alternates are doing poorly atm, everyone is dumping to get into Ethereum and/or Stellar.

Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me.  Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish.  The 365 day chart does not look good...at all.

Is there some particular news that is triggering this massive downward slope?  And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.

Litecoin is dropping because in reality it offers nothing new, less block time is its only "feature".. any alt coin outhere with another thing is better than litecoin and people realized that now.

lol not an alt since ltc has any new usable (in the real world) features. only features in the new coins are to sell the new coin to the gullible. ltc itself has advantages over btc for the general pop for use and investment purpose for one the creator isnt a mystery.

Litecoin was promised to be ASIC resistance and have the support of GPU miners before ASIC took over. Now that it is ASIC mineable, only the die hard fan will continue supporting the coin.

Litecoin and every other alt-coin is dropping really hard...

Wow.

Free fall mode.  Losing 20% of your value in a single day for litecoin is definitely not commonplace.  If it breeches 5 bucks by the end of the week, I'm going in.

People are selling to join Ethereum, StorJ and Syscoin. Also Stellar is not helping.

This is not soley a LTC problem but all alts.

And the same cycle will repeat a few months down the road when people selling Ethereum, StorJJ, Syscoin, Stellar to jump on next hot coin.

Human stupidity never cease to amaze me.

And the same cycle will repeat a few months down the road when people selling Ethereum, StorJJ, Syscoin, Stellar to jump on next hot coin.

Human stupidity never cease to amaze me.

obviously trading vol been too low of late so someones taken the advantage to play the market  :)

too many people saying they'd top up on ltc if it falls below $5 to have it not bounce imo.

That is what they say. The orderbooks say otherwise. Doesn't look too good atm!

funny thats exactly how I arrived at my conclusion   ;)

Yeah, but nothing can be done really, if it starts to seriously tank, then the measly orders that you and me could put on are dust in the wind!

365 days ago price was $2...today it is $5....lol...

well speak for yourself (i'm already one of the largest ltc holders and have been for quiet sometime).

you do know alot of the big buys and sells on ltc (and btc) aren't done via the exchanges most here frequent? so if there is a big sell/buy on the exchanges its for a reason ;)

Sure. But if those big Buy/sells take the exchange rate as an indicator, then it is still incredible important. The orderbooks are slim and that is an indicator that the demand for that coins is not so healthy anymore. There are always people pushing their agenda by manipulating, but to say everythin is due to that is pretty risky ;)

Put it this way I saw the average 24hr vol traded of ltc stay pretty low of late, and was tempted myself to dump on the open market with the sole purpose of increasing my holdings ;) someones just hit that button and done it for us :)

no complaints here, just sayin it is what it is.....

Put it this way I saw the average 24hr vol traded of ltc stay pretty low of late, and was tempted myself to dump on the open market with the sole purpose of increasing my holdings ;) someones just hit that button and done it for us :)

no complaints here, just sayin it is what it is.....

365 days ago price was $2...today it is $5....lol...

hi smoothie,

still thinking Litecoin won't hit 0.009 before end of the year? ;)

Constantly bashing litecoin calling it dead when it's in 2nd position might be great for those who are promoting other coins but it's not going to bring any new money into crypto, ie. if crypto enthusiasts think litcoin is crap joe average isn't going to think hmmmm I'll buy into number 62 then or 5 or 15. Really if the second CryptoCurrency is so bad they are hardly going to flock to no.1 either.

When greedy cryptoslugs stop destroying the cryptocurrency sector from within with negative propaganda and scammy new coins the resulting image change might bring new money in, and it is new money that's needed not the stealing of market share from one coin to another

Litecoin dropped 25% in one day. A crash of this magnitude rarely last just 1 day.

Tomorrow price action should be interesting also.

LTC will be fine. All coins are in the shitter right now, more or less.

Price rise won't happen unless difficulty rises to certain level, when it won't be profitable for Asic miners to dump. LTC is getting dumped by Asic

You know what this is... it is the God damned feminist movement. People wonder why women failed where the civil rights movement succeeded... easy... there was one (maybe two) variants in the civil rights movement whereas there are about a thousand different types of feminism. These damned monorail crapcoin sellers are all feminists and they don't even know it.

Perhaps you should get your facts straight. I said it wouldn't hold under 0.008 BTC for a full week before year-end after you claimed it would go below 0.008 by year end.

Remember the bet you declined? lol

Next time it would be good if you got the facts straight. Thanks  ;D ;D ;D

Here you go in case you have alzheimer's : https://bitcointalk.org/index.php?topic=672196.msg7616443#msg7616443  :-*

sooner or later an alt crash will drive most to ltc as the reserve

Constantly bashing litecoin calling it dead when it's in 2nd position might be great for those who are promoting other coins but it's not going to bring any new money into crypto, ie. if crypto enthusiasts think litcoin is crap joe average isn't going to think hmmmm I'll buy into number 62 then or 5 or 15. Really if the second CryptoCurrency is so bad they are hardly going to flock to no.1 either.

When greedy cryptoslugs stop destroying the cryptocurrency sector from within with negative propaganda and scammy new coins the resulting image change might bring new money in, and it is new money that's needed not the stealing of market share from one coin to another

In your wildest dreams.

The only reserve in this business is BTC. A reserve currency means that other currencies are "priced" in the reserve. Litecoin had a brief period where that happened on a couple of exchanges but it never took hold. It´s rapidly becoming ´just another alt´. Now that the 0.01 resistance is broken, don´t expect it to ever return.

We´re into the next phase of cryptos.

https://i.imgur.com/snSb8il.png

BTC is a horrible "Reserve" the only reserve is still the local fiat each individual uses to get "goods and services".

Bitcoindark will probabley rise up in the top  2 or 3 spot....

Why ?

sold my LTC yday.. still sold on profit but i eel its gonna tank badly.

maybe even die.

sold my LTC yday.. still sold on profit but i eel its gonna tank badly.

maybe even die.

ah, whatever, it'll hold below 0.008 for a week and then go to 0.005 :D  0.008 or 0.009, doesn't make much difference, if it's destined to go much lower.

Lol then why did you decline my bet back then?

Oh right because you truly didn't believe that could happen. Keep back pedaling buddy lol  ;D ::)

The problem with Litecoin is.....what is the point...all it differs from Bitcoin is speed of transaction. That's it. Any issue with Bitcoin's speed is easily solved by merchants going through backend service providers willing to insure that cup of coffee at 0 confirmations, and the odds of such daily low-cost business deals being double spent is very, very low.

It has no household name status like Bitcoin and in fact the name itself is probably poisonous from a marketing standpoint, people associate Lite as being something generic or inferior to the original i.e Diet Coke.

Faster confirmation coins are nice but they should do alot more than just be a copy of Bitcoin to justify their existence.

I declined your terms of the bet because they were very much in your favor. I set the terms which were neutral for both of us, but you naturally refused to accept them. If you have amnesia, I'm here to remind :)

In your wildest dreams.

The only reserve in this business is BTC. A reserve currency means that other currencies are "priced" in the reserve. Litecoin had a brief period where that happened on a couple of exchanges but it never took hold. It´s rapidly becoming ´just another alt´. Now that the 0.01 resistance is broken, don´t expect it to ever return.

We´re into the next phase of cryptos.

Back then that is your take that it was in my favor. But remember you were the one that was so sure LTC would tank so I only called you out in a manner that would confirm your claims if you had accepted my bet and to me that would have been fair as you made the initial claim, I just pushed you to back your mouth up with actual coin/money. We both know how that ended. lol  ::)

Nice try but it would seem you are the one with amnesia as you couldn't even remember the value we were discussing. 0.009 and 0.008 are not the same lol.

The 0.01 resistance was broken last year. This is not new territory. In November it went to 0.0075, then a reverse in fortune occurred and it sprang back to 0.042 ........... in the same month!

And I still hold my belief that LTC will tank, that's exactly why it doesn't matter if it was 0.008 or 0.009 that was in the bet, because it's going to 0.005 and lower :) Your terms were very unfair and I couldn't accept them even with full belief of the Litecoin's sad destiny, as I like to play fair and only deal with honest people who like to do the same :)


There were very prominent pumpers of Litecoin back then, but they sold at the top and lost interest :)

Your definition of "Fair" has little to do with being "honest". My reputation is 100% clean with only honest deals. Nice attempt at being passively aggressive. Doesn't work on me buddy lol  ;D ;D ;D

 Like I said keep back pedaling. Sure was funny to see you call me out just to get corrected on what you thought happened.

Your view of what is fair and what I believe is fair doesn't constitute one or the other is right or wrong. But you have to concede you made the claim and then when getting called out on it in a bet you basically backed out because you didn't like the "terms".

Not surprising.  ::)

I'm a ltc bagholder (my biggest holding), alts have flooded the market but sooner or later an alt crash will drive most to ltc as the reserve. As I don't trade fiat I'm personally indifferent to its price v USD, for me though hopefully most my other bags improve Vs ltc so I can increase my ltc holdings.
For the increase my fiat types I think ltc below $5 has greater profit potential then btc, though a sudden btc rise would lower ltc further, such a btc rally would sooner or later drag ltc up.

You may have a 100% clean reputation in making deals doing trades, but this doesn't have anything to do with your attempt to take advantage of the counterparty when making a bet. Which in my book registers as playing unfair. Sure, you like to win, who doesn't, but I see that principles of noble conduct are a vague concept to you. Well, it talks much about your upbringing and what has been embedded as moral conduct unto you when you were in tender age. That basically defines what a man is in his later age. I don't care if you did thousands of trades with other people, you tried to take advantage of me in our bet and you were called out, simple as that. Now stop being a baby and calling me aggressive, be a man.

Oh, and Litecoin is still going below 0.008 in 2014.

Oh and I never said Litecoin wasn't going down below 0.008 in 2014. haha

You could be a rotschild if you got a dollar each time you try to play with words. Are/were you a lawyer by any chance? :) In the end it all boils down to your trying to save your face now that you were called out. The only way to save your reputation is to admit you had tried to take advantage of me by setting unfair terms of the bet. But I don't expect you to do that, of course, given what I think about your moral principles. Well, I am not the one to make the first step to save your reputation, I don't get any benefits from that, you're the one who has to do it, only you can help yourself :)

the coins changing owners increased sharply

http://coinmarketcap.com/currencies/litecoin/#markets

now over 3million US $ a day. would they more people want to sell, then people want to buy.

smoothie,

check out post #39 of this thread, all I asked you was a simple question as a sort of friendly nudge which you could just make a joke about and it'd be all over :) You were the one who had to bring all this out again about that bet. Now you ended in the position where you have to explain yourself away. That'll teach you a lesson. Or not. Old habits die hard, as they say :)

Oh you mean the post where you :

1. Got the value wrong and had to remind you what was really discussed just to have you say "whatever"?

2. Decided to bring something up that obviously I thought was over with?

3. Attempted to call me out on a bet that you yourself backed out on?

 :P

And after all of that have the audacity to call me dishonest / predator / baby? Yes I will speak up when you attempt to put me into a category like that.

smoothie,

sure you can speak up. That doesn't change anything. You behave like a baby now. You tried to take advantage of me by setting unfair terms of the bet. That was a dishonest act towards me. Now your reputation is at stake and you have to protect it by offering excuses. Good luck with that :)

In.....your....opinion.

Are you done crying now? lol

Since we're both laughing at this little non-issue obviously, let's call it a day :) unless you have anything else to add to this heated debate :)

I guess that's a "Yes"? lol

Man China looks nasty...  an extended drop looks likely.

no worries, smoothie is watching like a hawk to save Litecoin when it's most needed :)

I guess not. Keep on crying buddy.  ::)

See, a friendly nudge again and you overreact :)
Why would I cry, I sold all my Litecoins in March.

I hope you gona buy soon im waiting for more dumping till 5 then willl be buying 2 btc worth of ltc next will it should rise back to 6

who's calling a bottom under $1 -

and if so are you buying there , and if you are.... why?

who's calling a bottom under $1 -

and if so are you buying there , and if you are.... why?

For me LTC seems still high overpriced. Sometime it was THE altcoin. Now its just another one.

The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.

little Litecoin is just going through its birth process none of the others on the Cap (top 20) (apart from Quark) flow with any free market force. (perhaps Zeta)

if ASICs proliferate Litecoin has a chance - if not its going to slip into obscurity.

sorry i'll add FTC and Prime to that list - they "pretty much" flow with the free market more or less.

 

little Litecoin is just going through its birth process none of the others on the Cap (top 20) (apart from Quark) flow with any free market force. (perhaps Zeta)

if ASICs proliferate Litecoin has a chance - if not its going to slip into obscurity.

sorry i'll add FTC and Prime to that list - they "pretty much" flow with the free market more or less.

 

Litecoins volume in USD today is nearly $7,000,000 ranking 2nd behind BTC

Many coins are in the top 15 for volume of trade.  For example Ripple, Darkcoin, Doge and Monero all trading 5 or 6 figure volumes (USD) so far today.

So far today Quarks volume is $1920.  LOL.

If by "fluid with the market" you are talking about liquidity...  well Quark is losing badly and is in 56th place as an alt.

have you read any of his "threads"? He is a huge troll and the best action would prolly be to put him on ignore.

He might be a troll but I agreed with his observation.  Since LTC is no longer ASIC resistant, it has nothing to offer to any prospective new buyers.

 The day traders are keeping LTC alive but LTC, for all intensive purposes, was abandoned when Charlie Lee agreed to go to work for coinbase (which has yet to add LTC themselves).

He might be a troll but I agreed with his observation.  Since LTC is no longer ASIC resistant, it has nothing to offer to any prospective new buyers.

 The day traders are keeping LTC alive but LTC, for all intensive purposes, was abandoned when Charlie Lee agreed to go to work for coinbase (which has yet to add LTC themselves).

Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me.  Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish.  The 365 day chart does not look good...at all.

Is there some particular news that is triggering this massive downward slope?  And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.

... It should be somewhat clear that 99% of existing alts will lose 99% of their value over the next few years. Most alt "innovations" either aren't innovations (like tweaking blocktime or supply), don't work, don't scale, or don't matter. Furthermore, ninja-mining, pre-mining, ugly emission curves, 51%s, NaS attacks, etc, can all kill coins even if there *were* actual innovation. And further still, it's probably the case that if any meaningful, viable innovation ever gets done in the alt-space, bitcoin could eventually incorporate it, making the separate chain irrelevant.

You have to understand that bitcoin's innovation was 30yrs in the making. Solving distributed global consensus was a breakthrough in computer science. There has not been a single innovation in the alt space that even sorta compares to that. Not one. Which is why bitcoin is highly likely to remain dominant.

Furthermore, it's been well understood for the past 20-30yrs that if you could solve distributed global consensus, you could do digital cash, and it would be a big deal. It's just that no one had figured out how to solve double-spending (global consensus) prior to Satoshi. There is no similar known problem being attacked in the alt-space for which a solution would be a breakthrough of similar magnitude. So an alt would have to luckbox into some completely unforeseen yet incredible innovation.

So bitcoin likely remains the primary crypto-coin. That said, there *are* potential niches to be filled by alt-coins. The only one I can clearly identify is anonymity. It's clear that bitcoin does not offer meaningful anonymity unless the user is technically skilled enough and motivated enough to obfuscate their transaction chains sufficiently. Furthermore, bitcoin is becoming a global asset class, fit for corporate balance sheets and HNW portfolios. It's also obviously seeing high-profile merchant adoption, and tacit acceptance/approval by various governments and regulatory bodies. If bitcoin offered technically pure anonymity that required zero user effort, governments would probably be a lot more directly hostile towards it. Thus, it seems unlikely that the bitcoin community would embrace full-anon tech in bitcoin core; lest governments react harshly and reduce existing ecosystem investment value dramatically.

So that leaves the anonymity niche open to an alt. As I've previously noted, ever since Zerocoin was published, I thought that when it came out as a functional implementation, it'd be the first actually interesting alt-coin. Well, it looks like these CryptoNote coins have beaten it to the punch of functional anonymity. Which CN coin will win is a different matter. XMR seems out in front, but the waters are muddy still.

I don't see any other obvious niches for alts. Turing completeness is interesting in theory, but I wouldn't trust the security of such a chain for a quite a while, and much of the benefits may be possible in bitcoin anyway. Other than that.... ?

Now that's not to say you couldn't make a killing if you play the alt market perfectly, and jump from coin to coin as they fall in and out of favor. But good luck not losing your shirt.



tl;dr: Alts suck, with very few even theoretical exceptions.

For me LTC seems still high overpriced. Sometime it was THE altcoin. Now its just another one.

The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.

here we go

http://i59.tinypic.com/2z83ipw.png

November last year, and this is on the cards again ...

The bottom was about 0.0075

Way oversold Territory right now, we might see that bottom i agree, expecting a strong rally in under 48 hours.

have you read any of his "threads"? He is a huge troll and the best action would prolly be to put him on ignore.

I'm here to laugh at you the Litecoin bagholder. that's why i'm commenting on here.
i'll continue to laugh at your massive loss. (that you will likely never recover)

Why laugh at other people's losses? Sounds rather primitive to me.

1. learn economics.

2. then don't ever invest in an IPO scam.
point 2 is going to hurt your bottom line.

Your answer is completely unrelated to my comment.

oh sorry let me fix that:

1. I don't care what you think.

2. I've been talking about crypto fundamentals for s long time, if you got caught up in a "meme" and ignored those fundamentals + arrogantly mouthed off publicly, yes i find the fact that people thought economics didn't matter very amusing.

your name is "instacash" and you support an IPO scam.

Questions?

I guess not. Keep on crying buddy.  ::)

digitalindustry is right, Litecoin is shit.

now his argument that if u laugh at other ppl cuz of losses is because of "economics" is obviously fucking moronic,  i would just argue that its a character question.  if u have character like the digitalindustry u laugh at other ppls losses so u can feel better urself !

~CfA~

well you should put it in context -

if there were two people standing at the edge of a cliff .

and person 1 wrote extensive white papers explaining to person 2 that if they walk off that cliff they will fall to their death.

person 2 arrogantly tells person 1 they are wrong etc.

then walks off.

what should person 1's reaction be?

shock and surprise?

------------------

what the Litecoin bag-holders should do is now is learn a lesson and rationalize the fact that total IPO scams could now promote themselves as "Crypto leaders" by scamming both market cap and total price manipulation

this is the "Vermin Supreme" theory i.e as he explains it :

the "Best Rat" could look like the best option.


** i don't think this will be the case.

i dont really understand ur english, ur metaphor and ur theory brother.  but maybe u r right cuz u r smart.

~CfA~

digitalindustry have u thought about offering cryptocurrency classes online at skype or something for a good fee (1 btc or so)? im sure many would join and sign up for yer lessons !

~CfA~

we can all do it for free -

out of all this torrent of shit here will come a general consensus, we can all help each other learn.

suck a dick bagholder - as for "yada yada volume"

yeah all (most) Crypto are price manipulated retard - you can come on here an pretend you don't know that, you will achieve the result of looking like a "fucktard" < (that's a mix between a fucked retard i assume?)

I'm here to laugh at you the Litecoin bagholder. that's why i'm commenting on here.

feel free to put me on ignore, and i'll continue to laugh at your massive loss. (that you will likely never recover)

I see that price has been decreasing with bitcoin, every time  bitcoin rises so does LTC,   I been following this for the past 24 hours, so all wee need is bitcoin to go back up and so will litecoin, or am I wrong cause thats what I had been analyzing

Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me.  Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish.  The 365 day chart does not look good...at all.

Is there some particular news that is triggering this massive downward slope?  And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.

I first heard about Bitcoin when it shot to $30, which was around a $200M marketcap. Then it dropped all the way down to $2 (~$15M marketcap). Litecoin hit $1B and is now ONLY $175M. If you think $175M is dead, then you definitely would have sold when Bitcoin hit $15M. That would have been a disaster!

Would Litecoin price drop more? Maybe

Would it drop a lot more? Possibly

Would it rebound when Bitcoin rebounds? Definitely

Would it rebound a lot more than Bitcoin? Very likely

I'm getting tired of all this manipulation :/

Litecoin lacks of more innovation, but it will remain if backed properly.

problem is people wack 101 worthless additions to various alts and the scream innovation.

i've been around here a long time and hold many different alts, but I am yet to see anything even remotely sensible in the way of attracting mass adoption to cryptos.

imo ltc is a genuine improvement on btc without going into stupid pointless so called innovations.

suck a dick bagholder - as for "yada yada volume"

yeah all (most) Crypto are price manipulated retard - you can come on here an pretend you don't know that, you will achieve the result of looking like a "fucktard" < (that's a mix between a fucked retard i assume?)

I'm here to laugh at you the Litecoin bagholder. that's why i'm commenting on here.

feel free to put me on ignore, and i'll continue to laugh at your massive loss. (that you will likely never recover)

When the threat of scrypt ASICs reared its head earlier this year, there were some calls for LTC to implement a new algo, with many favoring X11.
However, both Charles and Warren were against the idea.
Not long after, commercial scrypt ASICs started to be distributed and their impact began to felt almost immediately.
A short while ago, as LTC's price continue to slide, Charles proposed a merge mining solution with Dogecoin.
But, rumors began to float that Charles was bribed by Chinese ASIC manufacturers (https://litecointalk.org/index.php?topic=21445.0) to push the idea, so Dogecoin devs apparently turned him down. This triggered the second major price drop.

So what is in store for LTC now?
I think the price will naturally level off once scrypt ASICs profitability levels are established.
It could be weeks, or months, as people learn to optimize and fine tune scrypt ASIC miners.

Litecoin lacks of more innovation, but it will remain if backed properly.