Why LTC boom?

[Greendragon]

Why not bitcoin?

[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.