Where did I say that 'LTC is dead'? The most I could say is 'it's dying, not dead yet'. Which doesn't make its future any more bright, unfortunately.

Ever heard of a dead-cat bounce?

When I say it's illusionary, I mean it can disappear and spring out of nowhere very quickly, this market is all about rumors. Now, although I don't believe Litecoin can be resurrected by any rumors now, too late for that, the low price would ensure it wouldn't take a lot of Bitcoins to move the market briefly and even keep it artificially at that elevated level for 1 week. But the general trend would stay the same - down.

Alright, let's wait.

I thought you were long enough around cryptos to know that price sustenance is a very illusionary thing in these markets. I am sure you do, you just thought I didn't. Well, I do know that too

The price will continue down below 0.008, I stand by that.

I never said it wouldn't have spikes up, but the general trend when it dips below 0.008 will continue to be down.

The general trend is at least a few weeks or months, not days, so it could as well be up for 1 week and then go on down.

I don't accept your terms, as they are in your favor.

I consider my terms fair enough, not to my or your advantage, take it or leave it.

I don't hold Bitcoins, but if I did, I would sell now, yes, but not to buy back, I don't see much upside potential for Bitcoin.

1 week is a long time, it could spike up briefly since the market is thin and getting thinner and then go down below 0.008 again, especially since the price will be so low. That means technically you would win the bet, but Litecoin would still be dead. I don't accept staying below 0.008 for 1 week terms. Let's think of something else or this is a no go.

Closing daily price: the 23:30 candlestick of Dec 31, 2014 at btc-e exchange.

So why do you care NXT was 'premined' then? (You can't premine something that cannot be mined, but we'll omit this debate for now).

Do you consider NXT unfair or not?

Smoothie,

I set the end date and my terms - on January 1st, 2015 Litecoin will be below 0.008. I bet 1 BTC. Ready to do an escrow.

Please, define your terms of the bet, and I'll see if I am ok with those.

Although there is a lot of truth in what you say, 'fairness' has been the latest craze, and most attacks on the IPO coins are based on the fact that they are somehow unfair. One example, you yourself said NXT was 'premined', hence you were not interested. That means you don't think NXT is fair. And now you're talking about things not being fair is ok.

I can make an escrowed bet, but not a timed bet. I don't know when it will happen, but I can bet it will.

Not sure how low it will go when it dips below 0.008, why does it matter?

EDIT: I can make a timed bet that Litecoin will go below 0.008 this year. That is, before January 1, 2015.
1 BTC for a bet. If you accept these terms.

Ok, top of the trading range reached, back to 550 now, rinse and repeat.

The price will collapse when it dips below 0.01-0.008 (its last low). Some hope remains with people that it won't, so they keep putting buy orders, but not enough of those obviously as the price chart shows.

I fully agree with the need to test new code to claim it's secure enough.

Bitcoin proved itself vulnerable to centralization and monopolization, which was against its original principles. Hence it can no longer be said that Bitcoin is 'money by the people', it can be said it's 'money by the corporations'. Just look at the skyrocketing difficulty, 25% each 10 days. Little fish don't have a chance.

Litecoin is going the same route, just lagging behind. But since people start to realize the flaws of the PoW design, they begin mass exodus out of Litecoin, well, not there yet, mass exodus will begin when it dips below 0.01. They still have a hope for Bitcoin, because it's been around longer, but the design is the same, the flaws are the same, it's just delaying the inevitable and wishful thinking.

Testing older technologies proved they are vulnerable. Now what?


Oh, did I say a blasphemy about the almighty Bitcoin? I am sorry. So if I really think it doesn't have much upside potential, is this considered trolling? Why? Even one of Bitcoin developers sold half of his Bitcoins, because he doesn't feel confident Bitcoin will win the race due to its flaws, what other signs do you need?

You should get out of Litecoin. But Bitcoin doesn't have much upside potential.

Yeah, until Litecoin hits 0.001 it's ok.

welcome here:

https://bitcointalk.org/index.php?topic=662058.0

You can send and it will get into that person's wallet within seconds (just like other cryptos), but that person would have to wait at least 1 confirmation to use that money to make a payment.