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Author Topic: Is Litecoin really really cheap right now? Or is it dying?  (Read 25686 times)
m3
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July 06, 2014, 12:02:22 PM
 #261

Litecoin is definately dying now.

http://www.btcfeed.net/news/why-is-litecoin-dying/

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July 06, 2014, 12:05:26 PM
 #262

Not much hype on Litecoin recently, just need a really good news like Ebay accept Litecoin!!!
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July 06, 2014, 12:36:12 PM
 #263

really cheap. when btc (gold) rises, ltc (silver) will follow. money flows.

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July 06, 2014, 12:51:18 PM
 #264


i'll raise you one - and just say it's more likely that KnC are about to ship : )

http://kolinevans.wordpress.com/2014/07/04/why-has-litecoin-decoupled-from-bitcoin-and-is-on-a-price-decline-and-why-is-this-important-for-quark-and-other-free-market-crypto-currencies/

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July 06, 2014, 12:54:32 PM
 #265

BTC once dropped from $33 to $3 and the general atmosphere at the time was one of hopelessness and despair. However, this turned out to be one of many bubbles and the BTC price rebounded after every crash. LTC has dropped from $48 to $8 and the general atmosphere right now seems to be one of hopelessness and despair, so it's possible that Litcoin could follow the same path and this could simply be one of many bubbles/crashes to follow. The LTC economy is in its nascent stages - just like Bitcoin was in 2011.

This is just one possibility though. It's also possible that Litecoin will never rebound at all. It could just keep on falling and falling and never surpass its ATH. Sad
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July 06, 2014, 12:59:34 PM
 #266

the problem for LTC is what is its use case post asic?

not much basically a different algo.

Why then would you use it. peercoin has been a far better performer over since early 2013 than LTC, and it has a use case and many more associate products as well.

NXT is ok as well, with distinct use cases.

note I hold and will not sell LTC


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July 06, 2014, 01:00:28 PM
 #267

really cheap. when btc (gold) rises, ltc (silver) will follow. money flows.

first, there is no such thing as gold and silver in crypto's, you should check why ppl are investing in physical gold/silver in the first place. second, you should check the recent charts for btc/ltc and you will see that ltc in fact does not follow btc. while btc is rising, ltc is going down and down and down, and the difficulty still rises (because, ASIC Tongue)

BTC once dropped from $33 to $3 and the general atmosphere at the time was one of hopelessness and despair. However, this turned out to be one of many bubbles and the BTC price rebounded after every crash. LTC has dropped from $48 to $8 and the general atmosphere right now seems to be one of hopelessness and despair, so it's possible that Litcoin could follow the same path and this could simply be one of many bubbles/crashes to follow. The LTC economy is in its nascent stages - just like Bitcoin was in 2011.

This is just one possibility though. It's also possible that Litecoin will never rebound at all. It could just keep on falling and falling and never surpass its ATH. Sad

i don't know why the ltc ppl always refer to bitcoin. when the ASIC discussion started, everyone @ ltc just said: it helped bitcoin, it will help us. what they seem to forget is, that bitcoin had no "big brother". while scrypt ASICs are mainly used to dump the coins to get btc, this was not possible with btc ASICS, there was no "main coin", btc itself is the main coin. of course some ppl cashed out for money, but that resulted in new fresh cash flowing into btc. the history of btc was and is, completely different to the current alt coin landscape.

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July 06, 2014, 01:06:55 PM
 #268

really cheap. when btc (gold) rises, ltc (silver) will follow. money flows.

This has happened before but that's not how it always works. LTC might me one of the most reputable altcoins but it has been pointed out before that it's hard for it to compete with all those next gen ones. I don't see it dying at any time, but I believe other coins would have a greater benefit from a bitcoin uptrend.

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devphp
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July 06, 2014, 02:21:27 PM
 #269

I know one thing for sure. It's either cheap or dying.
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July 06, 2014, 02:27:29 PM
 #270

There are 2 options now:

A) its cheap because:
    Its a coin with a market cap big
    Strong blockchain
    Good distribution
    Asics will skyrocket the difficult so became a scarcity coin


B)  Its dying
    No innovation
    Asic will kill the idea of litecoin
    Stronger contenders surging  (Drk, Vericoin)


personally i incline to B.
   

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July 06, 2014, 04:52:40 PM
 #271

It's neither dying nor cheap. 7 dollar is still pretty awesome all things considered.
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July 07, 2014, 12:18:04 AM
 #272

it's all fine. I am buying and holding for 80$
Take btc-chart and LTC chart and LTC/BTC - chart longtime lay on top of each other and make some analysis.
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July 07, 2014, 01:03:21 AM
 #273

It's cheap, but maybe only in terms of against BTC. either could crash back to levels before the insanity of a few months ago.

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July 07, 2014, 01:04:39 AM
 #274

really cheap. when btc (gold) rises, ltc (silver) will follow. money flows.

first, there is no such thing as gold and silver in crypto's, you should check why ppl are investing in physical gold/silver in the first place. second, you should check the recent charts for btc/ltc and you will see that ltc in fact does not follow btc. while btc is rising, ltc is going down and down and down, and the difficulty still rises (because, ASIC Tongue)

[

It's a metaphor

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July 07, 2014, 02:23:44 AM
 #275

i don't know why the ltc ppl always refer to bitcoin. when the ASIC discussion started, everyone @ ltc just said: it helped bitcoin, it will help us. what they seem to forget is, that bitcoin had no "big brother". while scrypt ASICs are mainly used to dump the coins to get btc, this was not possible with btc ASICS, there was no "main coin", btc itself is the main coin. of course some ppl cashed out for money, but that resulted in new fresh cash flowing into btc. the history of btc was and is, completely different to the current alt coin landscape.
This is spot on.
For reasons unknown to me people keep thinking that BTCs history will repeat itself with LTC.
It won't.
People have been dumping whatever altcoin for BTC and not LTC. LTC was only used for profitability comparison and as a last resort for miners.
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July 07, 2014, 03:02:34 AM
 #276

LTC was only used [...] as a last resort for miners.

which makes the low price for VTC and EXE irrational since they fill that gap now.
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July 07, 2014, 03:12:21 AM
 #277

I'm buying some LTC. Its not cheap, and not dead. You guys are all going to miss the boat!
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July 07, 2014, 03:33:57 AM
 #278

really cheap. when btc (gold) rises, ltc (silver) will follow. money flows.

People keep repeating this statement and present it as fact.  Bitcoin is gold while litecoin is silver.  Apart from bitcoin being worth more than litecoin in a vaguely similar ratio to gold/silver, I have yet to find another piece of supporting evidence for this analogy.
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July 07, 2014, 04:41:55 AM
 #279

i don't know why the ltc ppl always refer to bitcoin. when the ASIC discussion started, everyone @ ltc just said: it helped bitcoin, it will help us. what they seem to forget is, that bitcoin had no "big brother". while scrypt ASICs are mainly used to dump the coins to get btc, this was not possible with btc ASICS, there was no "main coin", btc itself is the main coin. of course some ppl cashed out for money, but that resulted in new fresh cash flowing into btc. the history of btc was and is, completely different to the current alt coin landscape.
This is spot on.
For reasons unknown to me people keep thinking that BTCs history will repeat itself with LTC.
It won't.
People have been dumping whatever altcoin for BTC and not LTC. LTC was only used for profitability comparison and as a last resort for miners.


i know, they go on and say the asic will secure the block chain, what make a less secure ltc block chain than BTC???

IX coi or IO coin is probally more secure than LTC. That does not give them value.

Only the different algo remains

and good dev, if not acerbic

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July 07, 2014, 04:48:21 AM
 #280

I have yet to find another piece of supporting evidence for this analogy.

It was just a marketing trick.
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