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Author Topic: Is Litecoin really really cheap right now? Or is it dying?  (Read 25742 times)
smoothie
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March 06, 2013, 05:09:52 PM
 #181

Guess litecoin was very cheap a week ago.

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nameface (OP)
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March 06, 2013, 07:40:16 PM
 #182

Guess litecoin was very cheap a week ago.

Impressive how LTC is keeping pace/outpacing BTC. I'm supposing a lot of semi-knowledgeable cryptocoiners are getting bullish on BTC and funneling a lot into LTC as well.
I don't think Joe Someguy who heard about BTC last week and bought a few yesterday is buying LTC.
I'm curious what will happen to LTC prices if BTC crashes, re: is LTC a hedge against BTC price? Or is it just a tag-along.
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March 06, 2013, 07:42:30 PM
 #183

Something interesting that happened since I started this thread is LTC crushing NVC.
They were trading at the same price and now 1LTC can buy 5NVC.
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March 06, 2013, 07:44:54 PM
 #184

I think its dying, now more than ever.
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March 06, 2013, 08:08:03 PM
 #185

Something interesting that happened since I started this thread is LTC crushing NVC.
They were trading at the same price and now 1LTC can buy 5NVC.

LOL not saying NVC is any good but you need to find your glasses  Wink
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March 06, 2013, 08:09:54 PM
 #186

Something interesting that happened since I started this thread is LTC crushing NVC.
They were trading at the same price and now 1LTC can buy 5NVC.

By whos prices? Right now 1LTC = 0.00448 BTC, 1NVC = 0.0093.
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yes


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March 06, 2013, 10:41:19 PM
 #187

Give it some time. LTC is the next rocket.

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March 06, 2013, 11:10:45 PM
 #188

Give it some time. LTC is the next rocket.

Amen.

Some people are gonna be kicking themselves 1.5 year from now when they look back at how cheap they were. Even now they are ridiculously cheap. All of my wage packet this month will be going into them.

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nameface (OP)
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March 07, 2013, 12:00:21 AM
 #189

Something interesting that happened since I started this thread is LTC crushing NVC.
They were trading at the same price and now 1LTC can buy 5NVC.

By whos prices? Right now 1LTC = 0.00448 BTC, 1NVC = 0.0093.

By the retarded prices of my stupid head. Sry, I failed hard there. But my point is valid, no?
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March 07, 2013, 02:45:46 AM
 #190

Today's volume of trade till now, on BTC-E

LTC/BTC = 3075 BTC

NVC/BTC=202 BTC


Clearly here NVC is dying  Grin

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March 14, 2013, 10:27:03 PM
 #191

I think , as mentioned earlier, there is a VERY good reason WHY Litecoins are useful..

You can trade them for Bitcoins and wash your cash. There is no other crypto left that is stable and isn't dying..

There's always batman AND ROBIN!

So it may be the case that just having 2 types of coin is better for strange and wondrous reasons.

Life is Code.
smoothie
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March 14, 2013, 10:42:47 PM
 #192

I think its dying, now more than ever.

LOL either you were so wrong, or just trolling the price down to buy more cheap lol....either way price is still going higher.

 Tongue

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Otoh
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March 14, 2013, 10:44:12 PM
 #193

I think , as mentioned earlier, there is a VERY good reason WHY Litecoins are useful..

You can trade them for Bitcoins and wash your cash. There is no other crypto left that is stable and isn't dying..

There's always batman AND ROBIN!

So it may be the case that just having 2 types of coin is better for strange and wondrous reasons.

"... for strange and wondrous reasons"

http://forum.litecoin.net/index.php/topic,1370.0.html

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March 14, 2013, 11:49:16 PM
 #194

My guess is that there's room for at least a few more similar competing currencies to thrive, re: LTC is silver to BTC as gold.

No

Quote
If they function similarly, couldn't there be a ton of value in having LTC as a hedge?

No

Quote
If this is true, why is the price stagnating while BTC is rising so steady and fast?

Because it's not true

Quote
If Litecoin is useless, does that make all other alternative cryptos useless?

Let's rephrase your question: "If Bitcoin provides all the functionality that people need right now, how can another currency provide usefulness?"

Litecoin is crap.


Humbug.

LTC will fill a niche that BTC can't.  It and several other currencies will rise and complement (as opposed to compete with) BTC.

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March 15, 2013, 12:21:13 AM
 #195

Litecoin is really really cheap right now.

In general, any altcoin is really really cheap if you can get it for less than a dollar per coin, except possibly DeVCoin which is designed intentionally to be worth no more than one thousandth of typical 21-million-coins-cap coins such as bitcoin.

-MarkM-


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March 15, 2013, 02:35:15 AM
 #196

Guess litecoin was very cheap a week ago.

Impressive how LTC is keeping pace/outpacing BTC. I'm supposing a lot of semi-knowledgeable cryptocoiners are getting bullish on BTC and funneling a lot into LTC as well.
I don't think Joe Someguy who heard about BTC last week and bought a few yesterday is buying LTC.
I'm curious what will happen to LTC prices if BTC crashes, re: is LTC a hedge against BTC price? Or is it just a tag-along.

Actually I got into BTC just 2 weeks ago (though heard about it 2 years ago on 4chan...but could not buy in because of the country i was living in)

anyway i finally go some BTC and the first thing I did was diversify  within the first week onto several crptos

There must be room for another coin and BTC may not be the winner in the end....so diversify...

further I reasoned that some other coin at .00001 BTC can go to 0.00100, much more easily that BTC can go from 30 to 3000$

I risk 1 BTC and may gain 100 its a no brainer



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March 15, 2013, 06:37:44 AM
 #197

Most of the Litecoin naysayers in this thread have been proven wrong.  Had they been smart enough to invest in LTC, they would have made a ton of money.  Their near religious faith in BTC at the expense of any other cryptocurrency has cost them a lot money.  Their loss. (Laughter follows here: Hahahahahaha.)
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March 15, 2013, 08:22:15 AM
 #198

Most of the Litecoin naysayers in this thread have been proven wrong.  Had they been smart enough to invest in LTC, they would have made a ton of money.  Their near religious faith in BTC at the expense of any other cryptocurrency has cost them a lot money.  Their loss. (Laughter follows here: Hahahahahaha.)

That assumes of course you weren't being trolled in the first place, and all the LTC haters aren't actually the LTC hoarders trying to keep the price down so they can buy as many as possible at a nice low price.......welcome to crypto. (Sinister laugh follows here. Hahahahahahahaha.)

more or less retired.
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March 15, 2013, 04:22:13 PM
 #199

The problem right now is that LTC trade volume is so low that trolling actually makes a difference. I've seen firsthand how the trollbox has pushed the market in one way or another, way too often to be coincidence.

Just need moar goods and services in LTC. Atlantis and Hashr are good starts.

Hodl for the longest tiem.

Use it or lose it: http://coinmap.org/
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March 15, 2013, 05:42:42 PM
 #200

My guess is that there's room for at least a few more similar competing currencies to thrive, re: LTC is silver to BTC as gold.

No

Quote
If they function similarly, couldn't there be a ton of value in having LTC as a hedge?

No

Quote
If this is true, why is the price stagnating while BTC is rising so steady and fast?

Because it's not true

Quote
If Litecoin is useless, does that make all other alternative cryptos useless?

Let's rephrase your question: "If Bitcoin provides all the functionality that people need right now, how can another currency provide usefulness?"

Litecoin is crap.


Excepttt.... when people are using it to trade up to bitcoins. Wish/hope you didn't listen to this guy during that week OP ><

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