Why LTC boom?

[Greendragon]

Why not bitcoin?

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[gentlemand]

Much smaller market and therefore easier to move the price when there's demand.

[Meuh6879]

speculation shape.
wait purge ...

[sdmathis]

Bitcoin has seen a small rise in price. This has made the altcoin market optimistic and Litecoin is one of the leading altcoins. It just stands to reason that Litecoin would see a rally.

[Mervyn_Pumpkinhead]

The next bubble will be the bubble of altcoins. Those, who know what they're doing, have already positioned themselves under select altcoins.

The excitement and crazy gains will be in the alts. Bitcoin will slowly implode on the weight of it's wasteful mining network. Speculators will stay away from bitcoin for the same reason - the mining network just siphons too much speculator money from the market. Some corporate fools will try to keep the bitcoin hype going, but nobody will eventually care. Money has moved into the bitcoin market mainly because of speculation, and the odds are currently very bad for everyone, because it's not even a zero-sum-game anymore, it's a game where the speculators have to feed large mining farms whose contributions are marginal in return.

[EsBitcoin.org]

Because China have ASIC and they want money, they pump ltc and they earn money.
(And LTC walls are smaller)

[Alley]

It takes way less money to move litecoin price.  This is a negative.  Because you could lose 20% in the blink of a eye too.

[ajareselde]

It's no just ltc, its nvc, nmc, and ppc also. Basically, there's an obvious pump going on, and while people are uncertain will it remain high, they will keep buying,
but after a while, when price remains at these higher levels, and people get comfortable with that price enough to buy - that's exactly the moment they will cash out.
Judging by previous such acts, the price should remain high for quite some time, but i'm not buying into those sh*tcoins, no way.

cheers

[spazzdla]

Odds are BTC forks to it's doom thus alts are getting attention.

The idea that blockchain can be 100 000 gigs in size and everything will be fine is a pipe dream.

If we fork to XT expect MASSIVE booms in altcoins.  Perhaps POS(PPC) will be the way to go.

[Alley]

You think bitcoin is doomed because of a block size increase?  Lol

[spazzdla]

You think bitcoin is doomed because of a block size increase?  Lol

Yup, the slow march to centerlization and the birth of Centralbankcoin.

[Amph]

it simple really, block halving is imminent

i was told you guys that you don't need the exact date of the block halving, like it is a wedding day or birthday

the actual pump will start long before that, because of a reverse psychological chain reaction

"1° guy i should be the first to buy ltc i'll buy 1 month before the halving"
"2° guy i must be the first to buy before everyone else, i'll buy two months before the halving"
"3° guy i need absolutely to buy before the other, so i'll buy 3 months before"

and so on...

[kwukduck]

The same happened with bitcoin. It is extremely overpriced right now. That will become clear next year with block halving. We will see permanent double digits and maybe even single.
With the rise of superior alternative technologies combined with the stagnation of bitcoin development we could be looking at bitcoins quiet death within a year.

[Mellnik]

Why not bitcoin?

What do you mean? Bitcoin and Namecoin rises too. Why do you think LTC is the cause?

[Mellnik]

it simple really, block halving is imminent

i was told you guys that you don't need the exact date of the block halving, like it is a wedding day or birthday

the actual pump will start long before that, because of a reverse psychological chain reaction

"1° guy i should be the first to buy ltc i'll buy 1 month before the halving"
"2° guy i must be the first to buy before everyone else, i'll buy two months before the halving"
"3° guy i need absolutely to buy before the other, so i'll buy 3 months before"

and so on...

That's very true. It has been the exact same with Namecoin a few months ago.

[bassclef]

Much smaller market and therefore easier to move the price when there's demand.

This. LTC went from $2 to $40 in 2013, I wouldn't be surprised to see it go to $200 next cycle. It sounds crazy now but digital currency bull markets are a sight to behold.

[hf100]

It's no just ltc, its nvc, nmc, and ppc also. Basically, there's an obvious pump going on, and while people are uncertain will it remain high, they will keep buying,
but after a while, when price remains at these higher levels, and people get comfortable with that price enough to buy - that's exactly the moment they will cash out.
Judging by previous such acts, the price should remain high for quite some time, but i'm not buying into those sh*tcoins, no way.

cheers

There's a giant wall on Bitfinex stopping the price going down. If that wall gets removed the price could crash very quickly. Sooner or later it will probably be removed for profit taking dumps. I consider buying into Litecoin a high risk now the price has been pumped so high.

[NUFCrichard]

I do think the block halving has something to do with it, but there seems to be a general influx of money into alts though.
there have been a couple of waves where a lot of the big alts go up at the same time.

Last time the Alts market was crazier than the Bitcoin market in the bubble of 2013.  It will be interesting to see if that happens again!
I don't see a $200 LTC anytime before BTC is $5k though!

[DieJohnny]

Much smaller market and therefore easier to move the price when there's demand.

This. LTC went from $2 to $40 in 2013, I wouldn't be surprised to see it go to $200 next cycle. It sounds crazy now but digital currency bull markets are a sight to behold.

I own litecoin but would sell long before $200, there is only one market big enough to drive into the billions and that is bitcoin, everything else is just for fun. I simply cannot see even this rally coming close to $20, much less $40.

The difference between bitcoin and altcoins is that the bubbles get bigger and bigger for bitcoin and alt coins they get smaller and smaller.

[TaunSew]

Because Charlie Lee Chinese - Chinese people viewed as very industrious, trust worthy, not steal your money.  Litecoin is silver of Bitcoin.

[tokeweed]

Why not bitcoin?

Because it's the safe haven coin.  Too much politics going on in Bitcoin land right now.  Some people are moving to LTC.  Good luck with your Gavincoin. 

[tokeweed]

Because Charlie Lee Chinese - Chinese people viewed as very industrious, trust worthy, not steal your money.  Litecoin is silver the safe haven of Bitcoin.

FYP.

[MicroGuy]

Why not bitcoin?

Investors are beginning to understand the reality that altcoins are here to stay. Moving forward, as we see hiccups (1MB block debate) in BTC, you'll see people moving into altcoins as a hedge/safe haven. This is what I call the "price disconnect slowly closing."

Litecoin is the obvious hedge at the moment because it has the best/most consistent volume.

[nikona]

"Perhaps Greece has started thinking of adopting LTC as their currency and since they can't buy all the BTC before driving it up, they are going ahead and buying all the LTC "

PS - Just a speculation.

[tokeweed]

"Perhaps Greece has started thinking of adopting LTC as their currency and since they can't buy all the BTC before driving it up, they are going ahead and buying all the LTC "

PS - Just a speculation.

Lol.  That would be funny.  "Yes yes we cannot buy the bitcoin anymore!  Let's get the much cheaper, faster one!"

[yet_another_bitcoiner]

Hey, guys, do you really believe in pump?

It's just trap for newcomers, all this posts about litecoin halving, bitcoin dead-forked, Greece default. Everybody try to buy before 5 July, when Greece situation will clarify. But smart people shouldn't buy ltc at such unreal price.

What will happen at 5-th July is trap closing. All newbies which purchased expensive ltc will be fucked by manilulators. Sad but true.

Price of ltc after 5-th July ~ $1.7. Just open bitcoinwisdom and look at fake pumps. Pure hamsters...

[TaunSew]

There are short term investments and ability to make profit:  Litecoin is a good example of that, but daytrading and pump and dumps is a vicious game where you will be burned.

The people right now who are fist pumping about LTC - well guess what?  They were fist pumping about LTC during the last 12 pump and dumps I saw it go through.  And yes - they can be vicious like Pit Bulls and try to bite you on the ankle or arm if you try to disrupt the game of musical chairs.


Litecoin is not a long term investment.  Long term prospects do not factor in whether something is currently popular among bots and daytraders or if it will be pumped again.  More important factors is user adoption and Litecoin, with virtually no development, is not going to ever produce some killer app or product that will produce said adoption.

[El Dude]

Litecoin, with virtually no development

when are you going to get your head out of your ass  and stop spewing the same bullshit over and over ?


I need to hold your hand and show you litecoin developments , because you can't google.
https://litecointalk.org/index.php?topic=26151.0

[TaunSew]

Litecoin, with virtually no development

when are you going to get your head out of your ass  and stop spewing the same bullshit over and over ?


I need to hold your hand and show you litecoin developments , because you can't google.
https://litecointalk.org/index.php?topic=26151.0

Occasional updates, to fix minor problems or to add a few whistles, is virtually no development in the tech industry.  Even here in crypto - just compare Litecoin with Bitshares, Litecoin has barely changed from years ago since Charlie Lee left it to pursue better gigs.

[spartak_t]

Occasional updates, to fix minor problems or to add a few whistles, is virtually no development in the tech industry.  Even here in crypto - just compare Litecoin with Bitshares, Litecoin has barely changed from years ago since Charlie Lee left it to pursue better gigs.

satoshi also left Bitcoin. Charlie Lee only said that LTC does not need gimmicks to succeed and he is right.

[El Dude]

Litecoin, with virtually no development

when are you going to get your head out of your ass  and stop spewing the same bullshit over and over ?


I need to hold your hand and show you litecoin developments , because you can't google.
https://litecointalk.org/index.php?topic=26151.0

Occasional updates, to fix minor problems or to add a few whistles, is virtually no development in the tech industry.  Even here in crypto - just compare Litecoin with Bitshares, Litecoin has barely changed from years ago since Charlie Lee left it to pursue better gigs.

1) sorry can't compare a fairly released coin like litecoin with a ipo scam like bitshares
2) Charlie lee is still around the litecoin scene , his last post was 10 days ago in /r/litecoin http://www.reddit.com/user/coblee

stop the fud spreading , no one here is going to buy your shit ipo coin.