LTC is a troll I normally avoid to feed. Now I'm surprised to read only LTC lovers' posts. What's going on? LTC doesn't add anything essential to BTC and the faster block intervall doesn't add security neither. The "only GPU" promise means it will have to change the algo every month or faster to an un-announced new and very different algorithm once ASIC miners try to profit on their investment out of LTC mining in very short terms.
This forever +1 But by god, the LTC trolls do keep on trying. Also, I'm pretty sure that when LTC started it was "cpu only!", so I'm not so sure why they think saying "gpu only!" now means anything. Oh well. |
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There is also a very strong US centric focus on bitcoin, which really doesn't work well in the rest of the world.
I would rather say, that the US has a very strong centric focus on competition, which really doesn't work well for the rest of the world. Bitcoin was born in a competition of ideas, but the process of its development is highly cooperative. That isn't really what I meant. Crudely, anything with a big US flag on it, is generally hated in the rest of the world! Ok, a huge over simplification, but it stands to reason that anything that is too closely linked to a part of the world, will tend to have its lovers and haters. Politics is something you can't ignore when it comes to business!  I do disagree with the idea in general that BTC is "US central" as in when anyone thinks of BTC they think its for Americans. I'd be interested in any evidence to the contrary outside of "most people on bitcointalk.org" are Americans. |
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Anyone who has spent 5 seconds thinking about it realizes that if LTC or whatever scam-coin succeeds then all crypto-currency fails.
So if BMW wins in terms of car sales, all car sales will plummet and the industry will die? Better rethink this over. People keep making this analogy. People who make this analogy are not good at analogies. The best coin will succeed. There is no need for one single coin only. In that respect, the analogy applies. Sigh. So, let's say that there are 100 people in the world that want cars. Like, tops (simple explanation here). Let's say that one car company sells all those 100 their cars. If a new company starts, then yes, the value of the first company will be diminished. Now, in the real world the market is continuing to expand and the first company has many opportunities to make new products, expand the market, ect. None the less, the one thing we CAN say is that people are pretty convinced of the value of the car and will continue to want one, no matter who sells it to them. Hell, if I buy a car and two weeks later the company I bought the car from goes under, it's still a car that works. It drives me places. And that is where your terrible analogy falls apart. LTC is a poor, script-kiddies copy of BTC in every important way. It does nothing significantly different than BTC. At the same time, there are people investing and working hard of getting people to adopt crypto-currency as viable, sustainable, and important. You know what undermines this? LTC. People are smart enough to realize that if any two-bit script-kiddie can just make up an alt-coin that actively devalues their investment, they're not gonna buy it. Who wants to play the "Oh, this new crypto-currency is better so you better dump everything right now and switch!" game? What good is an investment in LTC if, one-year from now, super-LTC gets released and does everything regular LTC does but maybe slightly different. What good is an investment in super-LTC if Mega-LTC comes out a year after that and does things just a little different. And that, sir, is why your analogy is terrible. |
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There is also a very strong US centric focus on bitcoin, which really doesn't work well in the rest of the world. Maybe Litecoin will be the preferred option in Europe, and that will be its niche
Why would this be helpful to anyone? "Hey everyone, you now have to pay extra fees to some exchange in order to send money to each other." So, now the LTC scammers are trying to tell you that, in addition to trying to negate the non-inflation aspect of bitcoin, that its also beneficial to negate the low fees/easy to send aspect to? Please stop listening to these people. |
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holy shit! LTC is exploding! Actually BTC is exploding, and LTC is riding the coat tails. That said, why not? Crypto is crypto. then why isn't TRC and PPC? LTC has its own rights to succeed. The initial spark is riding BTC bandwagon but the continued excitement is its different and people can gpu mine it and send it fasterHooray! LTC is going to devalue everything! I'm so excited about this development. |
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Anyone who has spent 5 seconds thinking about it realizes that if LTC or whatever scam-coin succeeds then all crypto-currency fails.
So if BMW wins in terms of car sales, all car sales will plummet and the industry will die? Better rethink this over. People keep making this analogy. People who make this analogy are not good at analogies. |
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Alt-coins: For people who want to see both their bitcoins and alt-coins become worthless!
Anyone who has spent 5 seconds thinking about it realizes that if LTC or whatever scam-coin succeeds then all crypto-currency fails. Anyone who disagrees has simply hoarded their LTC and is hoping you'll be stupid enough to buy it from them.
/thread
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That's be pretty neat, but I don't see why BTC would be of any large benefit to Netflix in the way that Reddit and Wordpress does, i.e. anonymity and freedom of speech.
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I do know that the dollar amount on the front page for their goal hasn't changed since Friday morning. I find it hard to believe no one has bought anything since then  That said, I did buy a wireless headset from them a few days ago and should get here on Monday. I've bought a handful of other things from them over the last few months and have always been happy. I really do hope they succeed! I would buy more, but there honestly isn't anything I need/want right now  |
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Oh god, he has pictures! Pictures with lines! Tell us prophet, from doth where do thee gather such infinite knowledge?!
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look at the gigantic jumps in price it will start making after $56, no doubt the hoarding of bitcoin has finally commenced
There will always be those "big jumps" $10 bucks down the road. Don't worry, there will be walls in our future |
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I am very bullish at this time, prices will keep going up faster and faster, with no end in sight!  *Finger hovers over the sell button* |
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Was the $47 wall just pulled or was it actually bought?
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It'll melt away magically as we get closer.
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It won't go up forever like this. In terms of risk/reward, it is always better to get in at a low assuming that BTC will always go up in the near future. Currently, all indicators are red hot, so if you have balls you could wait a little longer before stepping in. Remember, sellers have the same fear, but the other way around (should I sell now or will the price increase?).
Things that cannot go on, will not go on. This extreme rise in price will end sometime; the indicators will cool off in some form of price correction. I will be ready.
And this is my fear. I am ready to dive in, but just don't want to be the guy that bought in at $49 this last time or $32 in 2011. Yes, bitcoin is going up in the future, but wouldn't we all like to make money between now and then? I'm buying and holding/spending and making money. The only way you lose if you try to play the day trader game. |
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This much upward pressure during the weekend.  I'm sorry Adam.  Yea, it makes me excited/fearful of the rocket that will launch on Monday! |
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I'm really surprised at how much buying there is for a Sat.
Remember those tens of thousands of Bitcoins sold last Wednesday? Where do you think all that fiat is sitting right now, back in the account holders' bank accounts?  Hehe, fair enough |
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Things that cannot go on, will not go on. This extreme rise in price will end sometime; the indicators will cool off in some form of price correction. I will be ready.
While true, it's also been true since December. |
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I'm really surprised at how much buying there is for a Sat.
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The argument that I just cannot refute is: "What is the point in having other investments that underperform, and what is the point in having cash, since BTC can be cashed when needed?"
Besides "you should always diversify" none really. He sounds like he has a decent knowledge of investing, so if you haven't convinced him yet then you probably won't. If he knows the risks and wants to, then sure, why not. |
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