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Author Topic: Bitcoin is in deep trouble. Litecoin to take its place soon.  (Read 9227 times)
NorrisK
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June 14, 2015, 08:58:22 PM
 #101

I just rolled out of litecoin at .00855, looking for a little more downturn before the next wave up which could be moonish.

I'm also waiting for a dip before jumping on the ship. Bought some before already, but not completely sure it will dip, therefore not selling yet.
AceWallen
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June 15, 2015, 01:00:07 AM
 #102

I just rolled out of litecoin at .00855, looking for a little more downturn before the next wave up which could be moonish.

yeah we are due another leg down. but i don't think for a second that this is the end of the rally. LTC, scam coin as it is, has moon written all over it right now. so i got bids placed, and i'm getting my space suit on. Cheesy
ArticMine
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June 15, 2015, 11:51:19 PM
 #103

Why anyone would purchase Litecoin to hedge against the 1 MB blocksize limit issue in Bitcoin is beyond me. Litecoin has a similar fixed blocksize problem as Bitcoin. Furthermore if I suspect the 1 MB limit in Bitcoin is resolved it will still remain in Litecoin. To me, if one is looking to alt-coins to hedge against the 1 MB blocksize limit issue in Bitcoin, I would start with those alt-coins that to not have a fixed blocksize limit baked into the protocol and have adaptive blocksize limits instead. This is what led me to Monero.


Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
techgeek
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June 16, 2015, 12:28:11 AM
 #104

Bitcoin fails, what makes litecoin wont?

I still dont understand the rationality between another alt coin, if a main coin that was promoted originally fails. As for blocksize, we already know its going to be updated more then 1mb to continue on.

pooya87
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June 16, 2015, 05:11:23 AM
 #105

I just rolled out of litecoin at .00855, looking for a little more downturn before the next wave up which could be moonish.

yeah we are due another leg down. but i don't think for a second that this is the end of the rally. LTC, scam coin as it is, has moon written all over it right now. so i got bids placed, and i'm getting my space suit on. Cheesy
i agree, i don't think this is the end of the rally. it is going to go higher that this. so i am holding for higher cash-out price. and it is already up to 0.0086 and looking good for the moment.
but we have to be careful for the crush Cheesy

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AceWallen
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June 16, 2015, 05:20:24 AM
 #106

go LTC go! those holding bitcoin are lucky that LTC is rallying -- it'll drag bitcoin along with it, and maybe even snowball into a bigger rally! Tongue holding my litecorns tight, we got more up to come.
AceWallen
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June 16, 2015, 05:48:13 AM
 #107

i dunno, there's only a handful of alts that actually have a decent level of liquidity.... mainly LTC, DASH and DOGE. so those are worth watching.... it's all up to the charts. i don't pay any mind to fundamentals.
NorrisK
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June 16, 2015, 06:08:37 AM
 #108

i dunno, there's only a handful of alts that actually have a decent level of liquidity.... mainly LTC, DASH and DOGE. so those are worth watching.... it's all up to the charts. i don't pay any mind to fundamentals.

Fundamentals are only for the hypers who can only sell their shit scam coin to new users by showing them their cool fancy stuff that is almost always still in development.. LTC doesn't need that. It's good for what it was intended for..
EternalWingsofGod
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June 16, 2015, 06:47:30 AM
 #109

Well this thread did make me wonder if it was created in 2013
Seeing the 2015 timestamp I admit did suprise me a bit as it does still retain the largest market cap after Bitcoin and the clear gap between 3rd and 4th is much more firmly established than last year.
http://coinmarketcap.com/

Amph
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June 16, 2015, 07:32:18 AM
 #110

not sure about the dead of an altcoin(like litecoin or monero) if bitcoin fails, remember that they do not share the same network, why scrypt asic should stop mining if bitcoin fails?

a niche market will continue to grow on another alt bif bitcoin fails, so don't expect the end of crypto just because the king is down
Oscilson
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June 16, 2015, 09:02:42 AM
 #111

Litecoin is just a clone of bitcoin, there is not much innovation. If bitcoin goes down, litecoin will go with it.
gizmoh
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June 16, 2015, 09:36:10 AM
 #112

Litecoin is just a clone of bitcoin, there is not much innovation. If bitcoin goes down, litecoin will go with it.

If Bitcoin goes down due to Gavin block increase debate, LTC will thrive.

How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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June 16, 2015, 09:47:30 AM
 #113

Litecoin is just a clone of bitcoin, there is not much innovation. If bitcoin goes down, litecoin will go with it.

If Bitcoin goes down due to Gavin block increase debate, LTC will thrive.

So funny, no matter what you think you know, this isn't about knowledge but purely emotions and manipulation by whales. There is no right and wrong, we all DONT know what's gonna happen... Personally I THINK (emphasis on THINK) one of the anonymous coins will thrive soon, be it Dash or Monero, we'll see Smiley

Sarahiko
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June 16, 2015, 10:01:03 AM
 #114

Its not manipulation but its his opinion its all up to you if your going to follow and dump your btc for ltc. its anyone game when it comes to altcoin.
Kevin77
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June 16, 2015, 10:13:42 AM
 #115

Litecoin!?!!! LOL!
Litecoin to replace Bitcoin. Yes, wishful thinking and best joke for today.
pooya87
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June 16, 2015, 12:34:18 PM
 #116

not sure about the dead of an altcoin(like litecoin or monero) if bitcoin fails, remember that they do not share the same network, why scrypt asic should stop mining if bitcoin fails?

a niche market will continue to grow on another alt bif bitcoin fails, so don't expect the end of crypto just because the king is down
i don't think dying of an altcoin due to (if) bitcoin fails is because of them not sharing the same network.
obviously they are being mines separately on a separate network, but if for some reason bitcoin fails, (which is not going to happen any time soon) i seriously doubt that people would choose another altcoin instead. they would simply give crypto up.
because what is the grantee that if something like bitcoin with that much support failed then some shitcoin like litecoin which was already dead can stay alive afterwards.

.
.BLACKJACK ♠ FUN.
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tunctioncloud
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June 16, 2015, 12:35:25 PM
 #117

Bitcoin is always in trouble apparently, lets all get scared and sell because the OP has warned us  Cheesy I hold both litecoin and bitcoin and imo both bitcoin and litecoin is going to last the long run but only because bitcoin, litecoin taking bitcoin with it haha.
not altcoin hitler
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June 16, 2015, 01:59:35 PM
 #118

Why anyone would purchase Litecoin to hedge against the 1 MB blocksize limit issue in Bitcoin is beyond me. Litecoin has a similar fixed blocksize problem as Bitcoin. Furthermore if I suspect the 1 MB limit in Bitcoin is resolved it will still remain in Litecoin. To me, if one is looking to alt-coins to hedge against the 1 MB blocksize limit issue in Bitcoin, I would start with those alt-coins that to not have a fixed blocksize limit baked into the protocol and have adaptive blocksize limits instead. This is what led me to Monero.



You still don't get it that the opposite of what you think is the case. People buying not alts because BTC blocks are too small, they buy alts because 1MB blocksize is just fine and consensus is worth more than that.
Gavincoin does not have its priorities right. A controversial hardfork creates a serious need for a hedge.

Litecoins' network consensus is not threatened like that of BTC.
With a threatened network consensus BTC is over value.

spirit of btc
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June 16, 2015, 06:12:30 PM
 #119

Your money, your risk, you have to do your own due diligence.
You can also look around for some so called 2.0 coins, though I do not have much faith in them.
techgeek
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June 16, 2015, 06:28:41 PM
 #120

Your money, your risk, you have to do your own due diligence.
You can also look around for some so called 2.0 coins, though I do not have much faith in them.

Regardless of the due diligence, your money is always at risk.

Its just a matter of reducing that risk factors that you invest specifically.

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