 Show Posts
|
|
Pages: [1] 2 3 4 5 »
|
LTC may not be dying ..but it is bed ridden as we speak....hard to keep up with btc if you can't run! arise*
My commiserations Searing but think on the bright side. At least LTC has been stable vv the USD. I miss my days of arguing with Darkota and this thread is kept alive hoping one day he will have the stones to return. |
|
|
|
China lags behind by about a year. LTC will be bagholder central. It was weird. You disappeared during that 5 day spat when ethereum shed half of its marketcap. Glad to you see you made it back. |
|
|
|
Looks like ethereum is now number 2 and could overtake bitcoin!!!!
I remember the days when people were paying $100 for aurora coin. They said it overtake bitcoin too. |
|
|
|
Greedy little piggys that ruined crypto like litecoin. "Silver to bitcoins gold" lol pull the other one you sheisters.
Don't even buy ETH buy BTC or another shitcoin, go and buy monero lol. I don't even want to hold the same coin as you people are holding. To any litecoin owners DONT BUY ETH. You're poisonous little short-sighted piggies who don't belong in crypto.
Darkota.....is that you under a new alias? I miss my former nemesis! |
|
|
|
FIAT Money is debt/credit, and debt/credit is backed by deposits. I can't get credit out of hot air.
you can.. you do know that credit is a credit agreement.. the primary way banks "create money".. you do realise that its not money movement from one account to another to give you credit.. the banks magic the money out of nowhere and you sign a credit card contract to hand them funds + a fee.. same goes for mortgages. the funds dont come from other peoples accounts. when you realise that its created by nothing more then laws allowing them to create it under the use of credit agreements .. you will see that fiat is only backed by laws.. It's not created by nothing. It's created against a deposit (House, machines, salary etc.) Money is not a thing. Money is debt/credit. Absolutely correct. Fiat is backed by faith but ultimately exists because of debt. Without debt there would be no need for the amount of currency in existence. |
|
|
|
Precious metals will always be the backbone of currency trading across the globe. I would take physical 1 o.z. silver and gold eagles all day over fiat or digital currency. My reason for this? My bullion is backed by my 12 gauge. Which is strong.
and u post here instead of metals forum  Its best to be well diversified. Hedging is the key to success. |
|
|
|
|
Precious metals will always be the backbone of currency trading across the globe. I would take physical 1 o.z. silver and gold eagles all day over fiat or digital currency. My reason for this? My bullion is backed by my 12 gauge. Which is strong.
|
|
|
|
While it's nice to hold your coins I think it is also very important to start spending it. This way it gets circulated and this is a good thing for Bitcoin. Just keeping it is not good for everyone.
Yea, I don't get the theoretical fantasies that most people have when it comes to holding their coins. If the price gets back to $1,000 and everyone is dumping their coins to "profit" then demand needs to match the abundance of coins infiltrating the USD/XBT exchanges. If you hold BTC as a commodity and dump at $1,000 the only way demand matches supply is if an abundance of new people come in and start buying. This demand, of course, will be fueled by speculation and greed and not "adoption" of BTC thus defeating the purpose. BTC will never hit the $1,000 mark again simply because its being treated like a commodity that cannot be leveraged against any other asset like the gold/USD ratio that exists today. If your holding for future profits....you'd be better off gambling in a volatile sector of the markets like energy and or transportation. |
|
|
|
It's so annoying to see fear-mongering posts.
Stock markets are not crashing, they are sliding down. NOT crashing.
Fact is, it is a good time to buy stocks because when they drop they will most certainly go back up.
I see this as a opportunity to buy stocks. In fact I did the same thing in 09 when stocks were crashing. I then sold them for a pretty penny.
I don't necessarily see these types of posts as "fear mongering", they are just being realistic and watching what's actually occurring in our world. While I don't think the terms "crashing" suffices, it will probably rebound... but anyone who has been paying attention to how are economy works and seeing glut of oil and unreliability of the banks, plus definite knowledge of the Fed over printing money all the time; anyone can see that the world economy is going to be majorly devastated sooner or later. Now the simplistic reasoning that bitcoin is going to go up because most nations fiat systems and stocks are currently going down? Probably not. People on here fail to realize that we (and now other investors as well) are a very small minority of the world who sees bitcoin as a safe haven from the dips that the stocks and so on are doing. Hell... we are still at the point in time where probably 95% of the remaining population of Earth doesn't even know what bitcoin is. It is not as well known as gold... and as you can see, gold is doing very well right now in the market due to this dip in stocks and fiat commodities. Banks are sitting on record levels of cash these days and have tightened lending standards so I would not call the banks unreliable. Furthermore, they are fairly on top of things considering they are attempting to adopt blockchain technology to reduce overhead and fraud within their systems. The Fed on the other hand has created a ridiculous amount of depth in order to stimulate the economy. I'm not trying to discredit you by any means, but I seriously doubt banks have new strict standards against lending... sure they might try to make it a tiny bit more difficult, but I have yet to read anywhere were that is the case; plus I haven't read anywhere that banks are sitting on "record levels of cash". Banks are continually ordering and dealing with the Feds. Now, the reason that they might have records numbers of cash though, is that they have successfully made digitally usable fiat currency more appealing to the masses. So there is no need for cash anymore really... I mean the other day I saw someone pay for a $.20 water cup with a fucking debit card for crying out loud. So, I think you might be right on the cash part, but I still haven't seen anything or any CEO of a bank strictly regulate lending. One of my family members works as a teller at a bank, and he is required to meet a quota of referring people for checking accounts, savings accounts, loans, etc. ... You really think they are going to be strict with the customer once people, or in this case, a teller refers them to the bankers to do business with them? Hell no... they are going to try to get them as much money as possible, so they can own their ass. Leading up to the subprime mortgage crisis that caused the "great recession" in 2007-08, US commercial banks had an average of 17.5 to 20.5 billion in cash reserves. The link below shows that by 2011, U.S. commercial banks held 1.6 trillion in cash reserves or roughly 77 times typical holdings from 2001-2007. The federal reserve lists on their website (take this with a grain of salt) that as of December 30, 2015, U.S. commercial banks have cash assets in excess of 2.3 trillion dollars which is 112 times the reserves held between 2001-2007. http://www.peri.umass.edu/fileadmin/pdf/working_papers/working_papers_251-300/WP284.pdfIm not going to go digging up the change in lending standards but people with average FICO scores of 630 (considered sub-prime at the time) were being approved for mortgages leveraging 8-10 times spending power as their net income hence the rise in foreclosures from 2008-2011. Needless to say, your not able to leverage considerable debt without a FICO score of 700 or your paying serious points on your loan. America.......the country where you can live outside your means, declare bankruptcy and have repaired credit 7 years later with your creditors taking it like a champ. |
|
|
|
It's so annoying to see fear-mongering posts.
Stock markets are not crashing, they are sliding down. NOT crashing.
Fact is, it is a good time to buy stocks because when they drop they will most certainly go back up.
I see this as a opportunity to buy stocks. In fact I did the same thing in 09 when stocks were crashing. I then sold them for a pretty penny.
I don't necessarily see these types of posts as "fear mongering", they are just being realistic and watching what's actually occurring in our world. While I don't think the terms "crashing" suffices, it will probably rebound... but anyone who has been paying attention to how are economy works and seeing glut of oil and unreliability of the banks, plus definite knowledge of the Fed over printing money all the time; anyone can see that the world economy is going to be majorly devastated sooner or later. Now the simplistic reasoning that bitcoin is going to go up because most nations fiat systems and stocks are currently going down? Probably not. People on here fail to realize that we (and now other investors as well) are a very small minority of the world who sees bitcoin as a safe haven from the dips that the stocks and so on are doing. Hell... we are still at the point in time where probably 95% of the remaining population of Earth doesn't even know what bitcoin is. It is not as well known as gold... and as you can see, gold is doing very well right now in the market due to this dip in stocks and fiat commodities. Banks are sitting on record levels of cash these days and have tightened lending standards so I would not call the banks unreliable. Furthermore, they are fairly on top of things considering they are attempting to adopt blockchain technology to reduce overhead and fraud within their systems. The Fed on the other hand has created a ridiculous amount of depth in order to stimulate the economy. |
|
|
|
Goddamn it!!! Every time the markets crash I'm stuck without cash to buy any stocks with. I think I'm going to start putting some aside and stop buying bitcoin for a while, because I suspect the stock market is going to drop a lot more before we see the end of this. It was down again today, and if this keeps going we're going to have a bleak 2016--but stocks will be cheaper!
Don't know about bitcoin, though. Has anyone actually done any econometrics with it, e.g., figured out how it moves with relation to the stock market or bond market or any others? I'd be very curious.
The drop this week is approaching a correction. There are no signals yet that a bear market will ensue. The failed attempt of a "circuit breaker" was the cause of the route today. The U.S. markets will end the week on a strong note. |
|
|
|
Litecoin doesnt even have an ios wallet, its only meant for crypto nerds and traders. Its userbase for a coin with 100+M marketcap and excisting for years already is laughable. See here how poor it's doing in adoption https://bitcointalk.org/index.php?topic=1285762.0, its only interesting for trading it for btc and vice versa, not interesting for non traders at all. Demand for litecoin has been going down in 2015, see how bitcoin is almost half the price from its all time high, if litecoin would be as interesting as in 2013 its price should be higher than its $3 now. This shows bitcoin going up doesnt guarantee litecoin to follow, cus bitcoin actually went up but litecoin didnt follow at all, u can see its price now its 0.008. Your second argument holds true for every altcoin in existence. Remember when mastercoin was $160 a coin? That relationship went from 0.13 to 5 x 10^3. So if both were to go hand in hand with price rises then what coin is goint to give you more bang for the buck? Still bitcoin i would imagine? im still pondering on picking up a few lite but i might be as well just putting that cash into bitcoin. Bitcoin will always have the best potential for highest rate of return. Demand drives speculative price increases and the masses that sit on their coins limit the available supply. I think $432 a coin is a really high valuation given the amount of coin in existence. As I said, China demand in 2016 will ultimately drive the price of bitcoin. Though theoretically, the next halving should further limit the available supply thus driving up the price as long as the demand is there. Time will tell. |
|
|
|
Litecoin doesnt even have an ios wallet, its only meant for crypto nerds and traders. Its userbase for a coin with 100+M marketcap and excisting for years already is laughable. See here how poor it's doing in adoption https://bitcointalk.org/index.php?topic=1285762.0, its only interesting for trading it for btc and vice versa, not interesting for non traders at all. Demand for litecoin has been going down in 2015, see how bitcoin is almost half the price from its all time high, if litecoin would be as interesting as in 2013 its price should be higher than its $3 now. This shows bitcoin going up doesnt guarantee litecoin to follow, cus bitcoin actually went up but litecoin didnt follow at all, u can see its price now its 0.008. Your second argument holds true for every altcoin in existence. Remember when mastercoin was $160 a coin? That relationship went from 0.13 to 5 x 10^3. |
|
|
|
LTC still is the second biggest cryptocurrency network! So I bought some a while back ago and I'm pretty confident I'll be able to double my investment.
Why? "it's big, therefore it will get bigger" doesn't make sense. Can anyone give me a real reason why LTC would increase in value? I think you misunderstand the relationship between currency and technology. From a technological standpoint, LTC offers nothing better than any other coin out there and some could say the development curve looks more like a natural log curve rather than a logarithmic one. From a trust standpoint, litecoin offers the second longest sustained network in existence. After all, what is money? Its premise is based on trust, the belief that it in itself is a store of value. That is all you need to have a successful currency. With that being said, the rise in btc/ltc will depend heavily on what happens in China this year. With a slowing economy, China will likely devalue the Renminbi to make exporting a better value for foreign entities but this will also scare investors who may look to move their capital outside the country. Digitial currency is by far the best way to move liquid assets around the world in a timely manner. If BTC moves back to the $1,000-$1,200 range you can expect LTC to move to $10-$12. |
|
|
|
|
Some of the posters in this topic have a misunderstanding of supply and demand. No way bitcoin reaches $1,000 with so many people waiting to dump coins on the open market. Everyone here is "holding" which means there are less bitcoin in circulation than have been created. This shortage of coins is still not creating a large enough supply issue to drive the price (demand) of the coin up. What do you think was driving this 3-4 day minor correction? The smart ones are dumping for $100 - $200 in profit per coin while the day dreamers hold out for $1000+.
|
|
|
|
|
I think people need to realize that the current price increase is a direct reflection of the economic slowdown in China. Bitcoin has been on the rise ever since China devalued the yuan back in August. To stabilize the markets the government step in and purchased upwards of 6% of available volume to minimize the downtrend. China has re-entered the bitcoin landscape which has caused the recent price rise. If the U.S. continues raising interest rates, quarter after quarter, the Chinese economy will pickup steam as exporting will become the main driver to restart their economy and the bitcoin market cap will begin its correction. Lets not get ahead of ourselves and fantasize about a halving taking place next July. But hey, what do I know, I'm no economic expert......wait, yeah I am.
|
|
|
|
|
I think y'all scared the momentum away. Next time, watch silently so we don't scare the uptick away. Watch out for bear traps too.
|
|
|
|
Hashrate is up - CHECK
Price is relatively stable - CHECK
Forum community is growing - CHECK
Halving coming up in the next 10-11 months - CHECK
Still garnering support as an alt coin after over 3 years - CHECK
ASICs been/being developed for scrypt - CHECK
I'd say it is thriving very quietly as price isn't everything.
Hashrate - agree Price is 90% down from ATH - this far away from stable, get real Community is growing - but slower compared to others (dark, bitshares, counterparty...) Halving - did not change anything positive for a coin so far (remember doge halving?) Long time support - agree ASICs developed for scrypt - there are many scrypt coins There are many scrypt coins that can be mined by ASICs but honestly, 50% of scrypt ASICs are going at litecoin while the other 50% are mining others scrypt alts as a hedge. It's all about equilibrium. I was mining noblecoin 8 months ago with my ASIC and converting to litecoin because I could gain 15% litecoin by converting as opposed to mining litecoin straight up. Staying power is everything. Litecoin is purely a value purchase at this point given the current alt market |
|
|
|
Okay that makes sense, so basically take market cap with a grain of salt, eh?
Considering how its worse distributed than Bitcoin, yep http://www.litecoinrichlist.com/Wow, I never knew the top 3 addresses hold 25% of the LTC mined so far. And this has nothing to do with any exchanges holding reserves. I promise. |
|
|
|
"You cheeky fudding bastard, Jasin Lee is no longer part of the XC team:"Wow I didn't Insult anyone here, I just want to express my thought and I am free to do it... "Finally, regarding Jasinlee’s past role at XC, he is a thought-leader, and we are grateful for his insightful and energising contribution and presence. However Jasinlee did not make any contributions to XC’s code and has not had access to it. Thus he has not been a developer for XC."Dude I'm not sure what kind of contribution Jasinlee bring at XC apart from the profit he made with all the ASIC he or a third party company (maybe the same involve with Alpha Technology  ?) have produce so far  One things for sure this story is far from over and with the number of people are looking for answer and have already contacted the authority for deeper investigation...I hope what you have said is correct and the XC project will still continue.... otherwise XC will still be affected by the "fibonacci gate" and that is why i'm advising people to stay away from XC until all the dirty nose are gone.... The other thing that might be worth realizing is the only people who are going to respond to posts like these are the people who have some form of investment in this coin whether it be financial or emotional. They have everything to lose and nothing to gain by presenting these facts. XC can say whatever BS they want but I don't trust a single soul in this wild west world we live in. |
|
|
|
|
