RIP Litecoin

[bitcoinlitcoinbtcltc]

RIP. Was nice to know you.

[sandiman]

Beginning of the year:

ALL IN LTC COME ON GUYS.

FEB:

LTC IS DEAD SELL EVERYTHING

MARCH:

ALL IN LTC COME ON GUYS.

APRIL:

LTC IS DEAD SELL EVERYTHING.

I see that you are very consistent in changing your mood monthly.

Since this thread is moderated, my post life expectancy is significantly lower than even LTC's. 

[shyliar]

Litecoin is still an extremely strong coin and this is why:

• Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.  
• Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
• The faster block time of litecoin reduces the risk of double spending attacks.
• Anti-spam.
• Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
• Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases
• Upcoming new features and active development look here for whats happening in 2016:
  https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/
• Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
  
• Great community.
• Fully supported by GoCoin a growing payment processor used by thousands of merchants https://www.gocoin.com/
• Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins. http://cryptocoincharts.info/coins/graphicalComparison

[eternalgloom]

And why exactly are you declaring Litecoin to be dead?
Trade volume still seems to be pretty good, especially given how long Litecoin has been around for.

http://coinmarketcap.com/currencies/litecoin/

[alyssa85]

Litecoin is still an extremely strong coin and this is why:

[snip]

It was the #2 coin for ages but is now #3. Poloniex doesn't feature it as a second trading pair (instead they feature Monero). Bittrex doesn't bother with a second trading pair at all. The only people still into LTC appear to be the Chinese, but how long till they get bored and move onto something else?

[cryptohunter]

And why exactly are you declaring Litecoin to be dead?
Trade volume still seems to be pretty good, especially given how long Litecoin has been around for.

http://coinmarketcap.com/currencies/litecoin/

He's just playing. He says it's dead one min then admits to buying it the next moment. He's done this a few times.

[fortunecrypto]

And why exactly are you declaring Litecoin to be dead?
Trade volume still seems to be pretty good, especially given how long Litecoin has been around for.

http://coinmarketcap.com/currencies/litecoin/

He's just playing. He says it's dead one min then admits to buying it the next moment. He's done this a few times.

He wants people to dump litecoin so he can purchase it low but we are not newbies we all know that Litecoin is here to stay and they will always be in the top 10 even ten years from now

[The Sceptical Chymist]

Litecoin isn't dead yet,  but it's reclining in a bed with rubber sheets, hooked up to an oxygen tank and IV fluids. 

Lol, OP must be buying.

[shyliar]

Litecoin is still an extremely strong coin and this is why:

[snip]

It was the #2 coin for ages but is now #3. Poloniex doesn't feature it as a second trading pair (instead they feature Monero). Bittrex doesn't bother with a second trading pair at all. The only people still into LTC appear to be the Chinese, but how long till they get bored and move onto something else?

Litecoin has been displaced as number two and recovered before. This link shows the last 24 hours volume compared to many other coins taking into account all exchanges not just two. I have not seen any indication that the Chinese are getting bored and if you check the large increase in volume on their exchanges in the last eight months the complete opposite is true.

http://cryptocoincharts.info/coins/graphicalComparison

Note: The last time i got snipped it really hurt

[alyssa85]

Litecoin is still an extremely strong coin and this is why:

[snip]

It was the #2 coin for ages but is now #3. Poloniex doesn't feature it as a second trading pair (instead they feature Monero). Bittrex doesn't bother with a second trading pair at all. The only people still into LTC appear to be the Chinese, but how long till they get bored and move onto something else?

Litecoin has been displaced as number two and recovered before. This link shows the last 24 hours volume compared to many other coins taking into account all exchanges not just two. I have not seen any indication that the Chinese are getting bored and if you check the large increase in volume on their exchanges in the last eight months the complete opposite is true.

http://cryptocoincharts.info/coins/graphicalComparison

Note: The last time i got snipped it really hurt

Sorry! Don't take it personally! I just didn't want to repost a wall of text.

I agree that LTC lost #2 during the doge heyday and came back. But this time they seem to have lost all steam in the western alt exchanges, and I feel the Chinese exchanges only like it because it's Charles Lee's coin. How long they'll continue with it, given the price is stuck is anyone's guess.

[shyliar]

Litecoin is still an extremely strong coin and this is why:

[snip]

It was the #2 coin for ages but is now #3. Poloniex doesn't feature it as a second trading pair (instead they feature Monero). Bittrex doesn't bother with a second trading pair at all. The only people still into LTC appear to be the Chinese, but how long till they get bored and move onto something else?

Litecoin has been displaced as number two and recovered before. This link shows the last 24 hours volume compared to many other coins taking into account all exchanges not just two. I have not seen any indication that the Chinese are getting bored and if you check the large increase in volume on their exchanges in the last eight months the complete opposite is true.

http://cryptocoincharts.info/coins/graphicalComparison

Note: The last time i got snipped it really hurt

Sorry! Don't take it personally! I just didn't want to repost a wall of text.

I agree that LTC lost #2 during the doge heyday and came back. But this time they seem to have lost all steam in the western alt exchanges, and I feel the Chinese exchanges only like it because it's Charles Lee's coin. How long they'll continue with it, given the price is stuck is anyone's guess.

LOL.....I wasn't taking it personally. Here getting snipped is a reference to a vasectomy a very unfortunate procedure. So just an attempt at humour. I have considered your opinion; but, the continued growth of Litecoin in that market just doesn't indicate a loss of interest.

[bathrobehero]

Litecoin is still an extremely strong coin and this is why:

• Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.  
• Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
• The faster block time of litecoin reduces the risk of double spending attacks.
• Anti-spam.
• Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
• Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases
• Upcoming new features and active development look here for whats happening in 2016:
  https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/
• Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
  
• Great community.
• Fully supported by GoCoin a growing payment processor used by thousands of merchants https://www.gocoin.com/
• Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins. http://cryptocoincharts.info/coins/graphicalComparison

I'm not a fan of Litecoin but this is my first time seeing a comprehensive post defending it.

[bitcoinlitcoinbtcltc]

Litecoin will be below $2.85 before June 2016

[BitcoinNational]

Litecoin will be below $2.85 before June 2016

is there an option on that?

[Searing]

RIP. Was nice to know you.

Heh.... using the calc below what I'm doing with LTC now at 730mh at 10c kwh at 3000 watts (using gen tarkin firmware 3rd party watt calcs for such)

litecoinpool miner calculator anyone can use it (also allows your own changes/input)


https://www.litecoinpool.org/calc?hashrate=730&speedunit=MH%2Fs&difficulty=51707.17969709&price=3.2898&currency=USD&power=3000&energycost=0.10

30 days   221.53539551 LTC   728.81 USD Total    216.00 USD Electric   512.81 USD Profit PER MONTH YET AFTER 17 MONTHS.

So my electric costs I am making LTC for 1.03c and can/could sell them at 3.29 now....(LTC has been berry berry good to me)

Again equip is paid off. Thus will run it till the asic hamsters drop on the wheel.


But to be fair as to your point....IF to keep it all in LTC er nope...move it as the ratio is right last 17 months..have about 900 LTC as of now yet

sitting in LTC....but LTC from a MINER point of view IF you can get/or have a KNC Titan ...well works great ..especially if you have ROI'd

as to Scrypt in general a new A4 is coming out supposedly in July and likely (imho) 4k (overpriced) 400mh at 1100 watts

I won't get one (why my 350mh Titans at 1250 watts can play in this sandbox and have ROI'd) ....but others will likely buy this for whatever reason.

So this may help to bump all scrypt prices up in price in that FINALLY new scrypt machines after more then 1 year means it won't just fade away...scrypt
in general and likely LTC ..this also should be drive up scrypt and

helping LTC price. If you add the BTC halving and say BTC was to go to 650 usd and at a ratio say of 0.008 ltc to btc that is $5.20 LTC

so life in the old girl yet ..the hamster wheel of asic mining thrives onward....this above at 5.20 usd with even a doubling of difficulty would

still mean I'm making the same $$$ .....so.......yeah the ways of scrypt cyrpto are mysterious to me

but in my case I move most of it to BTC eventually....if ...as it has been...ltc is hitched to btc as a speculative trading coin..may as well do so imho

but again ..new equip/ btc halving.....it could (LTC) SPRING back up .......but imho would be due to the use/familiarity of speculation with this coin

and its relationship to BTC and hell china traders seem to like it...all ducks would kinda have to be in a row ...likely imho again ..is it will just kinda

continue to mirror BTC price at a 0.007 to 0.008 ltc to btc ratio as it has for it chinese trading speculative uses ..for whatever mysterious reasons

but for my purposes I have very little the last 17 months to complain about in mining LTC over other alts...the equiv NEPTUNE btc miner at same price

stopped ROI'ing around July 2015 I think...so scrypt/alts have SOME wind in them for whatever reason (screwy or no) it seems

So anyway probably reinforced the OP's point that LTC is dead..but is it really dead or just a coin with a different angle on value..which again imho

is its Yoshi to Mario's like connection to BTC and speculative/trading chops? Has to be for the $$$ it is at now...can it POP as its own on the above

guess of a modest scrypt coin revival due to new equipment ...unclear....but as transfer method to make me (mostly) BTC and its trading uses

I think it is likely to stick around for a bit.

not sure...but will ride this asic pony till she dies...

later

[Washika]

Litecoin will be below $2.85 before June 2016

I do not think so. There is a rumour that the litecoin development will be revived and somebody will join the developer team.

[MR1]

And why exactly are you declaring Litecoin to be dead?
Trade volume still seems to be pretty good, especially given how long Litecoin has been around for.

http://coinmarketcap.com/currencies/litecoin/

He's just playing. He says it's dead one min then admits to buying it the next moment. He's done this a few times.

He wants people to dump litecoin so he can purchase it low but we are not newbies we all know that Litecoin is here to stay and they will always be in the top 10 even ten years from now

Basically the OP is LTC adopter. As BTC began moving, everyone knows that LTC will follow. By opening this thread  the OP wants to grab cheap LTC

[Spoetnik]

[bitcoinlitcoinbtcltc]

And why exactly are you declaring Litecoin to be dead?
Trade volume still seems to be pretty good, especially given how long Litecoin has been around for.

http://coinmarketcap.com/currencies/litecoin/

He's just playing. He says it's dead one min then admits to buying it the next moment. He's done this a few times.

He wants people to dump litecoin so he can purchase it low but we are not newbies we all know that Litecoin is here to stay and they will always be in the top 10 even ten years from now

Basically the OP is LTC adopter. As BTC began moving, everyone knows that LTC will follow. By opening this thread  the OP wants to grab cheap LTC

lol no dumped my ltc, ltc is shit coin

[evergrow]

Yeah Litecoin was fun, a few years ago Rest in peace little buddy!