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Author Topic: Is LiteCoin a stable coin?  (Read 1002 times)
PeRo
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May 24, 2016, 06:25:24 PM
 #1

Is it stable and what do you think, will the price go up?
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monkeydong1
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May 24, 2016, 06:26:44 PM
 #2

It depends of why it is as stable as it is.

It seems like a good thing to see ltc not moving much and having decent volume.

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May 24, 2016, 06:55:13 PM
 #3

It isn't marketed as 'the next awesome crypto to squash bitcoin', it was designed to be alongside. the price is stable, as is its difficulty, makes it a good option to mine with good gear or buy to hold, i like the fact it is not volatile, it shows it is a good coin.

You see many LTC bash topics, i think to make the price drop so they can buy cheap and make £££... Or to help pump ETH, but LTC has still been standing.

Check here: https://bitcointalk.org/index.php?topic=47417.0
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May 24, 2016, 06:55:43 PM
 #4

LTC is what we call a bag hodlers coin.

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jacobmayes94
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May 24, 2016, 06:56:16 PM
 #5

Well it went through a price  correction, as did bitcoin at the time.
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May 25, 2016, 02:22:34 AM
 #6

Undervalued coin. Charlie lee is a badass and has knowledge and connections. I could see a big pump on the horizon.
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May 25, 2016, 10:05:05 PM
 #7

I'm holding my 4000 litecoins and I will sell when it reaches $100 each, hahahahhahahaha LTC is the best !!!
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May 25, 2016, 10:07:47 PM
 #8

Fast confirmations, chinese loves litecoin, on major exchanges, stable like a ROCK, and LTC is not a pump and dump everyday coin like ETH, for example.

After BTC, the best coin to invest.
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May 26, 2016, 02:02:22 AM
 #9

Is it stable and what do you think, will the price go up?

Definitely stable and price will slowly rise. Here's a little information:

  • 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 merchant payment processor used by thousands of merchants https://www.gocoin.com/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify
  • 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 In fact volume has remained high since last June while maintaining a stable price.

 
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May 26, 2016, 03:14:14 AM
 #10

Is it stable and what do you think, will the price go up?

It's not really about the 'coin'. It's more about the community, the politics, and the relationships. Have you ever heard the saying, "it's not what you know, but who you know?"

So yes, it's stable and going up.

~~

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May 26, 2016, 03:17:04 AM
 #11

Is it stable and what do you think, will the price go up?
I personally think that this coin is steady and worth to hold since it was design to be along side of bitcoin and the community if you going to read their thread you will notice that this is a real coin no pump and dump but it is growing in its natural ways and everything is in good shape.




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May 26, 2016, 09:45:14 AM
 #12

This year will be a good year for LTC if the new road map actually happens.

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May 26, 2016, 12:13:01 PM
 #13

Is it stable and what do you think, will the price go up?

After so many ups and downs it is a coin worth investing they have been here and behind bitcoin ever since I guess the lack of innovation and less marketing is the reason why they are down from the second spot..



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