LTC currently still lives because there is a lot of (old) money invested. As soon as ppl decide either to take their profit (if bought/mined in the early days) or cut their losses (if bought at the peak) it will drop like a stone.
The reason is simple: it's old, and never evolved. It's still the old dusty LTC. The devs decided to stick with an outdated, power consuming and now ASIC friendly algo and the masses will just move away.
I don't think it will actually die, but since there is nothing new, the money will slowly be shifted to other coins. I don't think it's unrealistic to see LTC @ $5 or even lower by the end of the year.
Ohh cool, now I know who PHPdev darkota is. Thanks for letting folks know who your sockpuppet is  . EDIT: Sorry, its hard to keep track of the trolls. This is really darkota. Yeah I notice sometimes he seems to forget which nick he has signed in with  |
|
|
|
5 minute blocktime is not even that good anymore, there are coins much faster then litecoin
I know, some coins have 5 second blocktimes. That's ridiculous and very bad actually. +1 The amount of orphan blocks must be horrible. However, block confimations of 1 minutes work quite well. Litecoin seems slow when compared to these coins, so one might say it loses the only thing that was innovative about it. Satoshi thought this carefully through. Blocktimes shouldn't be as long as 10 minutes though, but surely not as low as 5 seconds either. With PoS coins, blocktimes don't matter nearly as much. 5 seconds is around the time it takes for a NXT confirmation. Litecoin is just old, dusty, and outdated. The only reason it's even at $9, is because of the old money invested in it. When those people decide to take a profit, or loss, and sell, Litecoin will drop like a stone to $1 and lower. Do you really have to troll the exact some thing in every litecoin thread? Take profits? You do know for alot of core crypto enthusiasts its not about "profits"? nxt I researched, I know its not secure so I avoid (do you need me to break that part down for you, as I am avoiding using some pretty scary facts so nxt fanbois don't get all upset). |
|
|
|
LTC currently still lives because there is a lot of (old) money invested. As soon as ppl decide either to take their profit (if bought/mined in the early days) or cut their losses (if bought at the peak) it will drop like a stone.
The reason is simple: it's old, and never evolved. It's still the old dusty LTC. The devs decided to stick with an outdated, power consuming and now ASIC friendly algo and the masses will just move away.
I don't think it will actually die, but since there is nothing new, the money will slowly be shifted to other coins. I don't think it's unrealistic to see LTC @ $5 or even lower by the end of the year.
Been around these parts awhile and constantly researching the latest and greatest, irl I am an investor/trader one rule I follow is don't trade on emotion, accept opposing views as its not about being wrong or right, I'd rather be 'wrong' and successful then 'right' and lose everything. However I'm yet to see anything come out of this alt section that comes remotely close to being 'better' then btc/ltc, (by better I mean a greater chance of being widely adopted) and I've never really been a huge btc/ltc fan (i've often said the only thing useful that has yet come from the crypto community is the idea). |
|
|
|
Only ones that seems so concerned about ltc's future are the ones not invested in it pumping their own crapcoins  |
|
|
|
So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future First of all, I am not a Nxt fan boi. I haven't decided which crypto will be the next one I support apart from Bitcoin, but I am leaning towards Counterparty, Mastercoin, Bitshares AGS, Swarm, Ethereum, or Maidsafe. Possibly Nxt too, although they have some trolls (which coin doesn't), they are doing some interesting and innovative things... the initial distribution is kind of a put off to me though. However, to be fair to them... everyone had a chance to invest and didn't.. that is not their fault. Secondly, I think the Litecoiners are getting scared. They are getting more organized and are doing more projects recently than ever before. I think most of them can see the writing on the wall and are trying to "right the ship" so to speak. Not only have the Litecoin "haters" been more vocal as of late (which is totally understandable due to the points I've outlined ITT), but the Litecoin supporters are also being more vocal because their throne is being challenged. They are even sending people over here from their forums to try and prove me wrong: https://litecointalk.org/index.php?topic=20631.0I wasn't refering to you, even you have to admit, whether you agree with certain points they are making or not, there is a few diehard nxt supporters pumping out thread after thread if ltc is dead type posts, simply to push nxt. I believe, even though I disagree with much of it, your opinion is your honest opinion. |
|
|
|
So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future |
|
|
|
You obviously have no idea what you're talking about.
lol says mr delete anyone elses' apposing view, why not just stay in your own little self moderated thread where you can listen to those who only agree with you all day long  makes for a happier world don't it |
|
|
|
|
Investors with proper money don't fall for the latest anon scam pump and dump coins, anymore then they fell for the last waves of country coins, animal coins, or meme coins, all get a few minutes of fame and the sheep follow.....
sure from time to time the latest pump coins could displace ltc on the old pump charts vs USD but its always short lived. anon coins are for a small niche group and any serious investor would avoid them
people rave on about so called innovative alts around here but all are just innovation for the sake of innovation without any must have benefit in the real world and worse still, most fail the KISS principle of average joe acceptance, hell bitcoins hard enough to get average joes head around.
|
|
|
|
Could also do with an OP update like deleting the sharexcoin link and the non working faucet |
|
|
|
Altcoins are supposed to be a platform for experimental features.
In the diehard cryptoenthusiast circles maybe, certainly not in proper investment circles which is becoming the majority driving force (hence ltc inability to experiment). Just like gold investors don't care if the gold was panned in the river by some old miner, or was from a huge commercial operation, neither to investors care if ltc was mined by a single cpu miner or a huge asics farm. |
|
|
|
|
What where when or who of mining is a none issue for anyone outside this rather small niche community. In reality litecoin interest is growing in the mainstream, where the next wave of investors to both btc and ltc is coming.
Bitcoin has huge hurdles to overcome to get through the regulators for a successfull etf launch (I know I am part of the team working on this; anon dev, previous fraud, silk road, gox, all dont exactly sit well with regulators or wallstreet investors), litecoin has less of these hurdles. Kinda why I am now a litecoin convert (when previously I was in the anti crowd if u check earlier in the ltc thread and ltc forum).
problem is the guys with the ltc dead threads dont see the bigger picture of the world outside this very small niche mining geek community.
|
|
|
|
|
any nodes to help this wallet sync?
|
|
|
|
Once people can deposit DBL's again the market will be flooded, crash and burn, bye bye doubloons.
What makes you think so really? Miners have been mining for 2 months now without selling. People that wanted to sell into the pump couldn't so they will still want to make a profit if possible. I'm out  Well, i just hope people start withdrawing coins soon, starting to get around 3k in hot wallet, and 16k in cold wallet reserved for Miners. surprised anyone can actually even move dbl around, pretty much a dead coin. |
|
|
|
|
Yeah alot of FUD being spread from those alts that want 10 seconds of fame so the devs and their associated pump teams can dump.
|
|
|
|
|
In cryptos the term 'whale' is just used as an excuse for either getting caught with bags or to promote a pump.
|
|
|
|
What do we do if our coins are on one of the exchanges where it says " Notified, but not acknowledged"? Exchange Swap Info (Updated as we receive information): Bittrex Notified, but not acknowledgedBleutrade Notified and acknowledged. Swap underway. ShareXcoin WARNING! Website Offline! Please refer to this noticeC-Cex Notified, and acknowledged. Exchange wallet is going down today (June 20) in preparation for the swap, beginning June 22.Coinano Will not participate! Send coins to another exchangeCoinnext Notified, but not acknowledged wait until they acknowledge |
|
|
|
Now get back to everyone voting on mintpal |
|
|
|
I'm pretty encouraged by the idea that perhaps many of the strong altcoins are going to bottom out and then the ones with the better quality can rise back out of that. I'm not completely sure it will happen but there's still hope.
It certainly seems plausible I think a lot of coins are being effectively tossed aside from the overall market correction. Its not a market correction but a market dilution. 1001 coins or filling the same spot in what is really a very small niche community. Investing (as some would call it) in cryptos is pretty much just betting on whether xyz coin will ever make it, now that risky investor base is getting spread a little thin....thinner and thinner as more coins are pumped out. Eventually all the market just floods into the flavor of the day/week/month then it dies as the next flavor pops up, so a few coins here and there get insta-value, but its a slow cold death for everything else. Only way to survive become useful and not merely a fiat trading token. |
|
|
|
Ffs I'm out. Dumping 8 million as soon as I have it transfered.
cool buy high sell low... ....hope that works for you  |
|
|
|
|
apart from the miner giveaway is there anything else to this coin?
|
|
|
|
|
Show Posts
