panic sell all your litecoins for Quarks and NXT !!
Only dumb people would do that. Smart people wait till it hits 0.008  |
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But the way how it was distributed.. Meh, it'll be a stain for a long time.
NXT IPO lasted for 53 days, 28 Sep 2013 to 19 Nov 2013 when the Genesis Block was created. Most IPOs these days run less than that and manage to attract much more capital than NXT did. It's not NXT's fault that almost nobody did IPOs back in those days and most people were afraid to send any funds. |
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Thing is with xcp is they are just arbitrary tokens and completely unnecessary, correct me if Im wrong but I seem to remember when researching when counterparty was first announced that the XCP tokens were a) not needed and b) essentially worthless.
Not sure what you mean. XCP is a protocol on top of Bitcoin protocol, an additional layer that runs a decentralized exchange. An exchange needs its units of accounting. Do you mean Bitcoins could be used for that directly? Perhaps, I have no idea. The Counterparty developers chose to use their own token, does it matter what token is used? It's a functional exchange, but like I said it's slow and like superresistant added, it may be vulnerable to Bitcoin's flaws as well as its own. |
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What the heck is MSC and XCP?
Mastercoin and Counterparty, both run on Bitcoin network as their transport blockchain. Out of those two XCP is a better choice, but neither of the two can compare to NXT. Bitcoin network is just slow to trade on. |
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I don't mean to derail the litecoin bashing, but can someone explain the chart in the op? How does the market drop that low and then recover nearly instantly? I've never had a very strong understanding of trading. Thanks
There were few buy orders, and someone sold too many Litecoins within a span of a few minutes. Of course the market recovered but not to the point where it was before the massive dump, it's like a big crack in the shield. |
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I sold my last Litecoin about 6 months ago like every sane person.
You did good. I was more stupid and only sold it in March, had a hope it would recover but finally saw the writing on the wall. |
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In crypto land months are years, and in the past few months development efforts have accelerated, this snowball cannot be stopped, it's not enough already to be just a simple coin. Bitcoin can get away with that for a while, maybe a couple of years, but its end is not far away. Litecoin won't survive one year.
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today is the day of nxt?
2014 is the year of NXT. Doesn't matter that it probably won't hit #1 spot this year yet, it will be a year of the paradigm shift. It already is. NXT opened the pandora box of PoS coins, people see that PoS is a better model, except for hardcore miners. And even smart ones among those get this. But I can understand miners, they have to recoup their hardware investments, however, they don't play the first violin here. |
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NXT supply = ~1 Billion NXT LTC supply = ~30 million LTC Hardly a way to compare the two (via market caps). If NXT's supply was 1 Trillion then there you go you win the market cap game. LOL. How can a hero member say such a ridiculous thing? Market cap doesn't care about how many units are in an asset or currency, market cap is market cap, if there are more units in one asset/currency than the other, all other factors being equal - each individual unit of that asset/currency is just cheaper, that's all. I mean, come on, it can't get any more stupid  |
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Have you seen hashrate.org?
although an effort it will never be a good one. That multipool will always depend on the other coins to do well so they can trade. In other words.. the pool depends on POW. ironically it could be mining litecoin.. Why do you think this effort will not be a good one? Look a bit further ahead. There will always be miners with hardware (well, I can't really say 'always', but at least the next 2-3 years - we can be sure of that time frame). Miners don't care what to mine as long as it's profitable. They can mine Litecoin, Bitcoin, anything else. The pool depends on PoW, so what? In the NXT philosophy PoW was a bootstrapping mechanism that brought it into existance (it was an IPO launched with Bitcoins), nothing wrong with PoW in that aspect. NXT even plans to run PoW currencies on top of it, fully backed by NXTs, once the Monetary System feature is implemented. https://nxtforum.org/monetary-system/https://nxtforum.org/monetary-system/pow-currencies-on-top-of-nxt/ |
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I don't want to admit that ltc is dead but the truth is it's dying.so sad.
You're a brave young man, unlike many others. Admit you were wrong and move on, that takes a lot of courage. |
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Don't put all your money into Bitcoin, look into promising altcoins. Bitcoin is software. If software is not being developed, it's eventually replaced by better software. Bitcoin has stagnated in its development.
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Don't invest in IPOs, it's too risky, 95%-99% chance to lose your money. Only invest when you see at least an alpha client to prove the developer is not a scammer and can code.
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NEM and Qora are backups for NXT.
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What's the link to see the current hash rate of Litecoin, please?
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'absolutely dead' is easy, but who cares about that. When there is no development going on, as in no new features added, when the developer doesn't even want his crypto to go to spot #1 and openly says so, would you say it's dead or dying? Alright, you can call it the walking dead, zombie of the crypto currency world  |
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Let's see, if it goes to 0.0079, then spikes up to 0.01 for 1 week, then goes to 0.005, then spikes up to 0.007, then goes to 0.002, spikes up to 0.003. What is this? I'd say it's 'dying'. What would you call it? I never said it's dead, I only advised the OP to get out of it. I wouldn't say it's dead, because it's not dead yet. Dying - yes, dead - no. In my mind if something is dead it won't recover. Obviously that is not what you believe.
A short-lived spike (1 week) is not a recovery. Never said that was a recovery but it wouldn't indicate that it is dead either. Sounds like a definition difference of what you think "dying" or "dead" means to my definition. I still believe my terms were reasonable given your price target claims. But of course you do not accept. No problem. Ah, whatever, you talk too much about definitions. See what I mean when I said the market is too thin when you look at the btc-e price chart from a few hours ago? The market is too thin and can quickly move both ways on a spike, that's why it's hard to tell what it's going to be doing for the span of 7 days. A whale could move the market for a few hours in both directions and that would make my prediction a loser if I had to go for 1 week in that bet. Regardless, the trend is downwards and will continue to be downwards, that can't be changed. I could go for a certain date, and that would be adequate risk for both of us, but you want me to take all the risk, thanks, but no thanks |
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Well let's see:
LTC market cap: $234 million
NXT market cap: $61 million
Assuming that they ever do intersect sometime in the future, the most probable point for this would be $234 million + $61 million ÷ 2 which equals $147.5 million.
So that would be my guess.
I guessed about the same, although my calculations were not exactly those, but I chose the same 100m-150m option. |
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