Litecoin up, Bitcoin down

[not altcoin hitler]

Why? Because of inflation problem and bad wealth distribution aswell as 20MB fork FUD. The goofy Gavin is fudding his own Visa-coin. Code is like from ancient times. There are better coins now which will take a large part of its capital in the future. Seeing Litecoin rise to 0.1 BTC price and beyond and possibly grow bigger than Bitcoin due to better distribution of wealth and thus better networkeffect will leave several people baffled. Don't be caught off guard. It is still time to realize you have been brainwashed by the early adopters into thinking this shitcoin will be worth 10k$ and more in the future while it's actually a mathematical impossibility due to problems that arise from the fundamental metrics of high inflation and really bad reward structure.

Bitcoin is going nowhere and the sooner we realize this and seek answers where it failed the better it'll be for crypto. It's time to embrace altcoins. Money flows where opportunity for profits are. That's just a basic law.
Evolution can not be stopped. Don't fight the trend and hedge possibly with some other cryptocurrencies for a possible bitcoin default.
Crypto is here to stay but time to admit we have been mislead by a cult-like community.

Bitcoin is a nightmare in energy consumption so letting it go for more energy efficient alternatives is actually doing the planet a favour.
Bitcoin needs to be seen as a lesson learned not only about the tech but also about ourselves. It was just a prototype and surely won't die so fast but i think it'll just continue with its usual slow decline for a lot longer and i'm not so sure the halving will change that persistently.
Looking back on the last one year chart one would have to admit something went wrong here. It'll be clearer later when price is lower.

I wish everyone good luck.

[Amph]

the only reason this could be true is because of the upcoming block halving, but it's a transitory and momentaneous thing, don't ride too much that wave...

[NorrisK]

the only reason this could be true is because of the upcoming block halving, but it's a transitory and momentaneous thing, don't ride too much that wave...

Litecoin block halving is still more than 90 days away. Do you think it is already influencing the price now? Let's hope litecoin regains some of its glory, around 10 usd would be nice!

[not altcoin hitler]

the only reason this could be true is because of the upcoming block halving, but it's a transitory and momentaneous thing, don't ride too much that wave...

Litecoin halving is still approx. 3 Months away. What we are seeing has nothing to do with the halving. It has to do with oversold conditions and rock bottom prices. From rock bottom it's easy to rise. From rock bottom it can per definition only go up. Sellside on exchanges was so thin everyone could have spiked LTC 15% up with just 500$

Bitcoin has never arrived at rock bottom and people are actually afraid of the event of Bitcoin hitting rock bottom. Some alts have been there last year already. Alts are good to go up from here. They have hit their definate rock bottom price. Bitcoin still has some way to the bottom. Remember: we are still in accumulation phase and the built in high inflation just makes sure it's going nowhere but that issue has been discussed here many times already.

Bitcoin is quite old now and has so many problems. Starting with slow and small blocks, hardfork turnoff, drugmoney/pedophile/mafia-status in the public image, user unfriendlyness, large blockchain, high inflation, bad distribution, bad actors, bad foundation, high electricity consumption ... and the list goes on!

Litecoin is still a virgin and so are many other coins. And they come with smaller chains, better distribution, faster blocks, smaller cap and thus more opportunity to profit from pumping it and so on and so forth.
Really bitcoin is just a bunch of problems and alts are just a bunch of solutions.

The only unfortunate thing was this cult like pumping and promising noobs 1 million for a coin and megalomaniacing about 'all transactions worldwide' and so on. It just went all a bit too far. Even so for as to try to sabotage progress and work against decentralisation ideals (the thing that made it big in the first place).

Time to move on i think and become an early adopter of another promising cryptocurrency project. Don't fall in love with your investement. Especially not when it's only going downhill.  

More diversity in the space won't hurt anyone. The bitcoin fetish is also not rational or because people actually "support the tech". It's just greedy cult behaviour created by baghold. Time to evolve.

[not altcoin hitler]

Litecoin is going to pump very easy from here and soon will have as much volume or more than bitcoin. The halving will come just in time to shoot LTC very far up. Probably it also won't stick longterm cuz it'll have similar problems but at least the pump will open a lot of options for a more diverse and innovative landscape aswell as some long lasting profit opportunities and many startups again with higher quality.

It was really foolish to believe Bitcoin would be the one and working out on first try. Let's be realist now.

[Amph]

the only reason this could be true is because of the upcoming block halving, but it's a transitory and momentaneous thing, don't ride too much that wave...

Litecoin halving is still approx. 3 Months away. What we are seeing has nothing to do with the halving

this is not correct or at least isn't certain, because for doge was the same, the halving was still far away(not 3 months but 1-2) and the price start to climb already, it's not like the price it is waiting the exact moment of the halving to start to climb, it doesn't work in this way

[chriswen]

the only reason this could be true is because of the upcoming block halving, but it's a transitory and momentaneous thing, don't ride too much that wave...

Litecoin halving is still approx. 3 Months away. What we are seeing has nothing to do with the halving

this is not correct or at least isn't certain, because for doge was the same, the halving was still far away(not 3 months but 1-2) and the price start to climb already, it's not like the price it is waiting the exact moment of the halving to start climb, it doesn't work in this way

The halving causes a fundamental change in the coin.  It causes less downward pressure and this will cause less selling pressure over time.

Fundamentally halvings take awhile for things to change.  (just half the reward for 1 block isn't that much of a difference.  Half the reward for 1000 blocks is more significant)

But, this is known to happen in the future.  People buy now because they know fundamentally there may be more value in the future.  Price is based on future value.

Now we don't know whether this 30% rise might be an overshoot.  And maybe even after the block halving counted in, the price may be too high.  But Litecoin may also be undervalued.

So yes the price will start to climb before the halving.

Also some people might think these price shifts are temporary but the fundamental change is long term.

I think in the case of Dogecoin it is slightly different.  Dogecoin had a ton of halvings very quickly.  Dogecoin had a price that was unsustainable and just because there was a halving doesn't mean the price needs to go up.

I think the case with Litecoin is a lot more special.  Litecoin has a significant market cap and it is a mature coin.  And halvings don't come often.

[Fabrizio89]

I think you should look at your charts again

[techgeek]

Its intresting to see how a alt coin can be up, and bitcoin can be down.

Like that itself is so wrong in all levels, esp when bitcoin was the foundation for all these alt coins. If bitcoin goes down, theres no value for litecoin imo.

[Benjig]

It was really foolish to believe Bitcoin would be the one and working out on first try. Let's be realist now.

Bitcoin is and will be the one and working out on first try. Now back to the topic..

I was so far from the alternate currencies and now that we talk about litecoin, 1.8 dollars per coin? Really? I remember old times buying at 12 selling at 17-20, damn, so grateful I sold them all before. Anyway, Now it's definitely good time for buying some, seems so pumpable. Just in case..

[bitcoin_purist]

Well, I'm glad I got rid of almost all my alts.
You could say I was some sort of a bag holder.
Now I'm 97% btc, selling the remaining alts before the end of the year.

[Febo]

the only reason this could be true is because of the upcoming block halving, but it's a transitory and momentaneous thing, don't ride too much that wave...

Litecoin block halving is still more than 90 days away. Do you think it is already influencing the price now? Let's hope litecoin regains some of its glory, around 10 usd would be nice!

LTC halving was in calculated in LTC price months ago. You cant expect no one know it will happen. And all of a sudden they will be surprised. What happened, when mining we get half less LTC, lets raise price a bit or we cant pay electricity anymore.

[Pecunia non olet]

Its intresting to see how a alt coin can be up, and bitcoin can be down.

Like that itself is so wrong in all levels, esp when bitcoin was the foundation for all these alt coins. If bitcoin goes down, theres no value for litecoin imo.

Don't start crying but you are wrong. Any coin can be basecurrency and if Bitcoin is discarded there will be another coin for basecurrency. So please don't whine.

[NorrisK]

Its intresting to see how a alt coin can be up, and bitcoin can be down.

Like that itself is so wrong in all levels, esp when bitcoin was the foundation for all these alt coins. If bitcoin goes down, theres no value for litecoin imo.

Don't start crying but you are wrong. Any coin can be basecurrency and if Bitcoin is discarded there will be another coin for basecurrency. So please don't whine.

Ofcourse it can. If btc price drops and alt ysd vallue remains the same, alt btc value will be increased when btc value goes down.

[mrhelpful]

im not too familiar, but shouldnt any alt currency end up being like doge coin.

where theres more coins with lesser value, etc. I remember at one point it was actually high and used to buy a burger.

[ronald98]

im not too familiar, but shouldnt any alt currency end up being like doge coin.

where theres more coins with lesser value, etc. I remember at one point it was actually high and used to buy a burger.

Doge coin has nothing new, it's only a copy of another coin with a different name and logo. A small percentage of alt coins have new technology not seen in previous alt coins. That new technology might stop them ending up being like doge coin.

Lite coin was originally asic mining resistant, which gave it an edge over bitcoin, but now there are asics for mining litecoin and it has lost its edge over bitcoin.

[Chef Ramsay]

Looks like a breakout is on the verge of happening for litecoin so those interested in making some extra coin should consider adjusting their ports appropriately.

[chriswen]

Yeah Litecoin breakout seems possible.

[Pecunia non olet]

im not too familiar, but shouldnt any alt currency end up being like doge coin.

where theres more coins with lesser value, etc. I remember at one point it was actually high and used to buy a burger.

Doge coin has nothing new, it's only a copy of another coin with a different name and logo. A small percentage of alt coins have new technology not seen in previous alt coins. That new technology might stop them ending up being like doge coin.

Lite coin was originally asic mining resistant, which gave it an edge over bitcoin, but now there are asics for mining litecoin and it has lost its edge over bitcoin.

About doge: it has just the edge in marketing
About asic resistance: look at Vertcoin and you know it. Vert is going to go much higher than this imo.
I think VTC could even have potential for rising up to bitcoins' ranks and challenge it directly because it has just the more decentral network.

[techgeek]

Most of those alt coins are usually an act of a penny stock.

Always pump and dump, and having a sucker to buy in a large amount way overpriced, and hoping like a IPO to go off for that Alt coin.