Is Litecoin really really cheap right now? Or is it dying?

[smoothie]

I think it's both. Both cheap and dying. But thats just me.

Cheap means undervalued.  if you think it's dying, then it's expensive.

its called failed logic lol...

no wonder he loves TRC....(CR i'm just playing)...

[bitcool]

The unstated assumption in my analysis is that the transaction volume for Litecoin is four times that of Bitcoin.

oh really? you compared two systems with 4 times difference of transaction volumes? 

[Simran]

The unstated assumption in my analysis is that the transaction volume for Litecoin is four times that of Bitcoin.

oh really? you compared two systems with 4 times difference of transaction volumes? 

Oh, he is absolutely stupid. Join the club :\

[Bitobsessed]

All I can say is that I have bought products with Litecoin and have invested in Litecoin businesses on a Litecoin stock exchange.  Hmm, not sure I can say, or even do that with any other cryptocurrency(Edit:Besides BTC).  You tell me...

[El Cabron]

All I can say is that I have bought products with Litecoin and have invested in Litecoin businesses on a Litecoin stock exchange.  Hmm, not sure I can say, or even do that with any other cryptocurrency.  You tell me...

You can do that with BTC too but it is not as easy.

[hanzac]

I think Litecoin still has some key attractions, it's an alternative. it can make use of spare GPUs (especially after ASIC dominant). But the problem is not Bitcoin, Bitcoin is grown up and has no threat to Litecoin (they have different living spaces). The problem & competition lives in other alt-coins.

[disclaimer201]

Let us know when that jalapeno comes in

LOL... "any day now". No, really!

It will never pay off.

[El Cabron]

Let us know when that jalapeno comes in

LOL... "any day now". No, really!

It will never pay off.

4 to 6 weeks right?

[BitcoinINV]

I see some bets coming out of this 

[sd]

If I got that printed on some T-shirts maybe I could sell them to the LTC fanbois.

[Peter Lambert]

Everything in (physical) existence is a duality (this includes virtual stuff), best known are things like like day/night, energy/matter, male/female, yang/yin, hot/cold, Coke/Pepsi, PC/mac, Etc/Etc - a piece of paper has to have two sides & anything that comes in to existence brings it's other side in to existence also, they can compete/cooperate & everything in between but there will always be an Alt, whether it is Litecoin or another alt to Bitcoin I couldn't be sure but atm it is by far the most likely candidate imo & so therefor well worth keeping an eye upon at the very least, there are niche markets where it may prove very successful & dedicated talented people working on applications for it  - I am actively building a stake in it atm - which you can find it somewhere on http://forum.litecoin.net/index.php/topic,608.0.html hopefully, if you like.

Bad reasoning. Coke/Pepsi are competitors, but there is no reason there has to be only two. What about Ford/Chrysler/GM?

"a piece of paper has to have two sides", except if it a Moebius strip, in which case it only has one side!

[creativex]

Everything in (physical) existence is a duality (this includes virtual stuff), best known are things like like day/night, energy/matter, male/female, yang/yin, hot/cold, Coke/Pepsi, PC/mac, Etc/Etc - a piece of paper has to have two sides & anything that comes in to existence brings it's other side in to existence also, they can compete/cooperate & everything in between but there will always be an Alt, whether it is Litecoin or another alt to Bitcoin I couldn't be sure but atm it is by far the most likely candidate imo & so therefor well worth keeping an eye upon at the very least, there are niche markets where it may prove very successful & dedicated talented people working on applications for it  - I am actively building a stake in it atm - which you can find it somewhere on http://forum.litecoin.net/index.php/topic,608.0.html hopefully, if you like.

What about Ford/Chrysler/GM?

Bad example. Two of those companies have been driven into bankruptcy and have received goobermint bailouts.

I'm pro LTC btw.

[Peter Lambert]

Everything in (physical) existence is a duality (this includes virtual stuff), best known are things like like day/night, energy/matter, male/female, yang/yin, hot/cold, Coke/Pepsi, PC/mac, Etc/Etc - a piece of paper has to have two sides & anything that comes in to existence brings it's other side in to existence also, they can compete/cooperate & everything in between but there will always be an Alt, whether it is Litecoin or another alt to Bitcoin I couldn't be sure but atm it is by far the most likely candidate imo & so therefor well worth keeping an eye upon at the very least, there are niche markets where it may prove very successful & dedicated talented people working on applications for it  - I am actively building a stake in it atm - which you can find it somewhere on http://forum.litecoin.net/index.php/topic,608.0.html hopefully, if you like.

What about Ford/Chrysler/GM?

Bad example. Two of those companies have been driven into bankruptcy and have received goobermint bailouts.

I'm pro LTC btw.

OK, then how about Ford/Nissan/Kia/Toyota/Honda/Hyundai/BMW/Audi? My point remains, there can be more than one competitor in a market. Likewise the PC/mac dichotomy leaves out Linux.

[Otoh]

Everything in (physical) existence is a duality (this includes virtual stuff), best known are things like like day/night, energy/matter, male/female, yang/yin, hot/cold, Coke/Pepsi, PC/mac, Etc/Etc - a piece of paper has to have two sides & anything that comes in to existence brings it's other side in to existence also, they can compete/cooperate & everything in between but there will always be an Alt, whether it is Litecoin or another alt to Bitcoin I couldn't be sure but atm it is by far the most likely candidate imo & so therefor well worth keeping an eye upon at the very least, there are niche markets where it may prove very successful & dedicated talented people working on applications for it  - I am actively building a stake in it atm - which you can find it somewhere on http://forum.litecoin.net/index.php/topic,608.0.html hopefully, if you like.

Bad reasoning. Coke/Pepsi are competitors, but there is no reason there has to be only two. What about Ford/Chrysler/GM?

"a piece of paper has to have two sides", except if it a Moebius strip, in which case it only has one side!

One can always sub-divide, every duality probably has it's own sub-dualities Ad infinitum, the Moebius strip if made from a piece of paper, that paper has two sides - it may be then formed into the continuous strip but the paper has still got it's two sides, if this isn't obvious to you then forget it.

I'm not saying that everything is only black or white, but that if you have one then you must have the other.

[nameface]

re: duality

I've always felt like there was an underlying duality in our world stemming from how for millions of years we've been bathed in light for some of the day and cast into darkness for the rest of it.

Everything, like the Yin/Yan, good/evil, or paper having 2 sides (i guess) is in some way our interpretation or expression of our evolutionary background. Looking forward, I don't see humanity as being guided quite as much by the physical features of our local environment. These primordial paradigms are not as crucial to the human experience, and to survival. We are in an age where our imagination, and our understanding of the effects of much bigger universal paradigms will be necessary to ensure our survival.

I think in a sense what I am saying is that there is value in litecoin, like there is value in bitcoin, and in anything else that is cutting edge and moving fast. It's the "evils" of traditional systems of economic and political control that we need to shed before it's too late.

[spndr7]

Today's volume comparison on BTC-e

NVC/BTC - 299 BTC

LTC/BTC - 223 BTC


People still have faith in litecoin and its not dying. NVC is over valued. 

Regarding cheapness

Current price LTC/BTC = 0.00219
                               =0.00219 * 30.5 = 0.066795 LTC/USD
                               =(which little less than 0.0669 LTC/USD,its current price)

So,its not cheap on absolute terms in USD,its due to the surge of bitcoin in last 20 days,it seems cheap with respect to bitcoin.

[El Cabron]

Today's volume comparison on BTC-e

NVC/BTC - 299 BTC

LTC/BTC - 223 BTC


People still have faith in litecoin and its not dying. NVC is over valued. 

Regarding cheapness

Current price LTC/BTC = 0.00219
                               =0.00219 * 30.5 = 0.066795 LTC/USD
                               =(which little less than 0.0669 LTC/USD,its current price)

So,its not cheap on absolute terms in USD,its due to the surge of bitcoin in last 20 days,it seems cheap with respect to bitcoin.

come back in a month and let us see if NVC has vol over 9 btc. This will die faster than PPC

[SRoulette]

Our small casino sees regular litecoin players, they could easily play the exact same games in bitcoin / ppcoin/ terracoin but chose litecoin.

There is no doubt it is well supported by its community, our only fear is that the complete stagnation of development will eventually turn away new adopters in favour of newer shinnier coins.

We do wonder if NVC had a more sane launch could it have and disposed LTC due to:
updated code, current support and newer more interesting technology offers (Scrypt + PoS does sound interesting).

[neotrix]

Koddos.com or Kovpslayer accept BTC as well as LTC

For experience of selling using both, I could say LTC is much faster transfered and confirmed. What it mean for a customer ? Paying with LTC, He will get his hosting detail infos faster than paying using BTC.

As seller I can wait 1 or 2 hours more, but the customer often like instant order, impossible with crypto and confirmation. Also an order paid with LTC will be provided faster to a customer than a BTC order.

[sinner]

i've been trying to find the litecoin network hash rate..

http://www.litecoinpool.org/stats
https://vircurex.com/

these 2 sources indicate its about 0.5 Ghash/s.... that seems really low... like 1 GPU for the whole network?

please explain where i'm messing up cuz i assume i'm wrong here.