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Divinespark
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July 04, 2016, 06:05:59 AM |
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I think this will prove to be a false dawn. LTC has zero unique utility. Hard to look beyond that.
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janggernaut
Legendary
Offline
Activity: 2366
Merit: 1130
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July 04, 2016, 09:45:20 AM |
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Little dissapointed when litecoin down from 0.009 btc to 0.0065 btc now, i think litecoin would be reach max around 0.01 in the end of this year.
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cryptfox
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July 04, 2016, 10:20:56 AM |
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Little dissapointed when litecoin down from 0.009 btc to 0.0065 btc now, i think litecoin would be reach max around 0.01 in the end of this year. Maybe before end of the year we can see Litecoin pump up to 0.02btc not around 0.01btc
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shyliar
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July 04, 2016, 12:59:33 PM Last edit: July 04, 2016, 01:10:43 PM by shyliar |
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Some of the reasons Litecoin will do well: - 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://litecoinassociation.org/data/roadmap.pdf - 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.
- The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
- Soon to be added to coinbase.
- Upcoming release to include a on-chain adaptive block size scaling solution. This will substantially increase the transactional capacity of Litecoin.
- Fair release. In a crypto world of premined and ICO releases many appreciate this fact. The code was released well before the Genesis block was mined and everyone knew when it would be going live; therefore, individuals could anticipate and get their miners and software ready. (Credit to brobot)
- Security.
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intrader (OP)
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July 04, 2016, 01:31:42 PM |
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Some of the reasons Litecoin will do well: - 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://litecoinassociation.org/data/roadmap.pdf - 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.
- The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
- Soon to be added to coinbase.
- Upcoming release to include a on-chain adaptive block size scaling solution. This will substantially increase the transactional capacity of Litecoin.
- Fair release. In a crypto world of premined and ICO releases many appreciate this fact. The code was released well before the Genesis block was mined and everyone knew when it would be going live; therefore, individuals could anticipate and get their miners and software ready. (Credit to brobot)
- Security.
What do you think the price of Litecoin will be by the end of 2016?
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Nimbulan
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July 04, 2016, 01:39:35 PM |
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I think this will prove to be a false dawn. LTC has zero unique utility. Hard to look beyond that.
i think you are right to be honest there is no potential in litecoin growth in my opinion because most of the people just want to get something new from other cryptocurrencies i think the price will not grow a lot in the future though i think that anything might actually happen and the litecoin price is really unpredictible, the price might easily start growing
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losh11
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July 04, 2016, 01:50:12 PM |
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At least ratio rising from 0.0065 to 0.01.
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ajareselde
Legendary
Offline
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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July 04, 2016, 01:58:46 PM |
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It's possible that there will be some tank in price, but i dont think it will be something great. After all, atleast for me, litecoin is a failed project, created and advertised as anti asic but ended up being just another coin. The only reasone people invest in it is because market cap isnt quite big , so it's a lot easier to pump , opposed to bitcoin. I vote under 0,01, forever
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foxxcom
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July 04, 2016, 03:33:28 PM |
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It's possible that there will be some tank in price, but i dont think it will be something great. After all, atleast for me, litecoin is a failed project, created and advertised as anti asic but ended up being just another coin. The only reasone people invest in it is because market cap isnt quite big , so it's a lot easier to pump , opposed to bitcoin. I vote under 0,01, forever
How Litecoin is a failed project?
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Fordsmith
Member
Offline
Activity: 60
Merit: 10
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July 05, 2016, 06:59:52 PM |
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At least ratio rising from 0.0065 to 0.01.
I hope we can see LTC pump by end of july.
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Nahl
Legendary
Offline
Activity: 1652
Merit: 1000
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July 05, 2016, 07:26:37 PM |
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last time i was seen that litecoin prices reach to 0.01 btc but i forgot when exactly it happened because i was very rarely to trade these coin and recently just see the current prices 0.0066 btc i think obviously low but my predictions for Litecoin prices in the end of 2016 might be back again to 0.01 btc per LTC
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worldtreasurefinders
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July 05, 2016, 08:27:39 PM |
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I voted between 0.01 and 0.02. Hell I remember trading the ratio when it was between 0.02 and 0.03. I feel like a lot of wind has been taken out of LTC's sails due to all the other new alts hitting the scene, but when the fanfare dies down I expect LTC will gain back what it's lost in the last couple years. Stability and simplicity are worth more than bells and whistles.
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Architect, Anarchist, Numismatist, Crypto-Enthusiast.
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bitcoinlitcoinbtcltc
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July 09, 2016, 12:18:29 PM |
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Litecoin will be sub 0.005 btc soon. This coin is dead, lol.
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Slark
Legendary
Offline
Activity: 1862
Merit: 1004
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July 09, 2016, 04:46:18 PM |
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This is definietely the right (and the only move) if developers and community want to keep LTC around. But I am afraid it is too little too late. Litecoin is basically the second 'big' cryptocurrency created and after 5 years of development it hasn't changes much - it is still Bitcoin's poor clone basically. And I don't think this new set of goals will change situation.
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s1gs3gv
Legendary
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Activity: 1316
Merit: 1014
ex uno plures
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July 09, 2016, 08:45:39 PM |
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Next LTC difficulty change ~ -20% implies problems for LTC.
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stan26
Full Member
Offline
Activity: 195
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
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July 10, 2016, 01:00:41 AM |
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I voted between 0.01 and 0.02 BTC.
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Mokuton
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July 10, 2016, 01:04:54 AM |
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LTC will go up with bitcoin, and bitcoin looks like it will keep going up in the next few months, as only a small drop during halving shows bullishness plus miners need the price to stay or go up to make profits. 600k sats for a litecoin is still cheap. Just Hodl!
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SchemerDreamer
Newbie
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Activity: 26
Merit: 0
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July 10, 2016, 02:01:26 AM |
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litecoin is cheap right now relative to bitcoin. imo there's good odds ltc>.02 at some point in the near term
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torry28
Legendary
Offline
Activity: 1680
Merit: 1001
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July 10, 2016, 02:42:08 AM |
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i'm optimist with this coin, it was reached around 0.01 btc before halving happened, i voted if litecoin would going higher than 0.03 btc!
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