I'm really annoyed that at this point, the US Government is probably the single biggest holder of bitcoins in the world. Because they feel it's their right to steal all the money involved in every illegal operation.
LOL  Perhaps it would be wise to avoid setting up any 'illegal operations' then. |
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What makes me sick is that FTC is even still alive, that has to go first.
Indeed - when it appeared I actually thought it was a genuine joke. I only just recently discovered that Feathercoin shares it's genesis block with Litecoin. So technically Feathercoin is still Litecoin, just rewound to block 1 and fiddled with. |
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No not dead. By their very nature crypto-currencies are notoriously difficult to kill. Every record of the blockchain worldwide would need to be destroyed.
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Looks like it has taken off!
Bitcoin
$ 2,051,174,046 BTC market cap
$ 172.86 per BTC
Alts have dropped, but alts/fiat is the same
After the market cap exceeds $2,147,483,647 we can see negative numbers... No. It's 64bit. |
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Don't believe people who hating on LTC so much, these are the impatient types who come and mumble some BS or very unexperienced with investing/trading in general.
I don't believe people hate Litecoin. It's just most people were using it as a tool to obtain more Bitcoins than they could mine otherwise. That's been and gone now, they got what they wanted and now have no further use for it. For the time being anyway. |
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My explanation is that the fall in prices is due to so many people mining litecoins that don't really want them -- so they sell them.
There are a lot of miners out there that are mining litecoins because they have GPU rigs that can no longer mine bitcoins. You see this advice all over the forums, "Use your GPU to mine litecoins, and then trade them for bitcoins."
I think this is spot on. Most only mined Litecoin to exchange for Bitcoin at some unknown future date. This of course is unsustainable. |
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i agree, DPR is a hero! i feel so sorry that this happened. pulling for you, man!
I think you've been a little misguided in life. |
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I'm no financial genius, but try doing the opposite of what others are doing.
I'm NOT destroying my Bitcoins. Fancy doing the opposite of that? |
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Look at the US War on Drugs. Laughable how badly they have failed. Best to legalize it like they did booze.
Don't know if you've got kids or not. I have, and in your scenario the thought that when they are older they could pop out to a corner shop, buy some bread, milk and a big bag of heroin, fills me with unimaginable terror. |
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Reminds me of rock formations in those old Wile E. Coyote and Road Runner cartoons.
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Dunno why everybody is panicking. The exact same thing happened to Bitcoin a couple years ago (2011 some time) when it slowly slid down to $1.96'ish. The non-early adopters were crying about how expensive BTC was, even at $1.96. Those who bought at the peak were crying about how much the price diminished from the $32 high or whatever it was. Seemed like everybody was crying about something, but a few of the wiser ones (or really lucky guessers) were saying, "You want cheap BTC, here's your chance." Turns out they were right, and it looks like LTC is following a similar trajectory.
That illustrates what CAN happen, but not necessary what WILL happen. The cryptoworld was a very very different place back then. Quick example, we have about 70 other altcoins to choose from now. |
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Thanks! Good to know swap will be enough.  If your spilling over into your swap, the whole machine will grind to snail pace. |
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There isn't any good news for Litecoin. Wait till you see "MtGox Litecoin has arrived"
And you would class that as good news? |
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... AND has good developers.
Isn't Litecoin just a Bitcoin with some numbers multiplied by 4? Is there any development required? Its hashing algorithm is totally different (the memory-intensive Scrypt instead of SHA-256). Scrypt idea was borrowed from Tenebrix and Fairbrix. |
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I've deliberately made my cold storage time consuming and laborious to access. I couldn't sell that quickly even if I wanted to. Which I didn't.
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10-20%? bitcoin is skyrocket now so in a year there will be more people knowing it .
10-20%, don't be silly. Most people I know haven't even heard of it. |
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The thing is, that when all those miners begin to realize, that mining is absolutely NOT profitable anymore, but in contrary creates big losses, because you always will be too late when you receive your miner, BTC will also die, because nobody is hashing anymore!!!
*facepalm* |
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If you really believe the well-established alts are dying, feel free to keep selling me your coins. I'll be laughing all the way to the bank in a few months  If it were that easy we would all be millionaires. |
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Current Difficulty: 267,731,249
Next difficulty (estimate): 436,010,565 (+63%)
Let's hope so. Good news indeed. |
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