LTC up to $3.8!

[tgsrge]

[1714783338]

1714783338

[1714783338]

1714783338

[glendall]

Ugh why could it not just have waited one more day    !

Decided to buy a bunch on Thursday. Still waiting for the exchanges to process my deposits.

Now it's $4.5  . What an insane climb!  Not going to buy now... I was so so very close to making a great call there     

[cdog]

[bitcoinnix]

And.............

HERE



COMES



THE



CRASH!

[Joerii]

People, I have a strong feeling in my nether regions that the rate will drop to the 2-3 dollar area and stay there until I finish my TacoMiner.

Then it'll slowly rise to 10 bucks over a few months.

I'm very worried about the difficulty rising big time too, though. Right now, LTC is 439.81% more profitable to mine then BTC. I imagine a lot of people are installing LTC miners.

source : http://dustcoin.com/mining

[Mike Christ]

Phew!  It's going back down.

Scared me.  I was worried it'd shoot up to ten dollars or something, and then I'd really have missed that boat.

[tgsrge]

And.............

HERE



COMES



THE



CRASH!

nope. no crash here

Phew!  It's going back down.

Scared me.  I was worried it'd shoot up to ten dollars or something, and then I'd really have missed that boat.

people are cashing out. that's more than expected from the very early and not-so-early-but-still-early-enough people when you have such insane amounts of ROI. it will probably go down a few, find a floor somewhere, stay there for some time and then it will go up again.

[simonk83]

BTC-E is the major LTC exchange right now.

Not for long if the rumours are to be believed *cough* Gox *cough*

[Jack1Rip1BurnIt]

BTC-E is the major LTC exchange right now.

Not for long if the rumours are to be believed *cough* Gox *cough*

I believe those rumors were verified to be true. 

[Atompeace]

my sophisticated and always correct chart-analysis for LTC (after 4 hours of tremendous algorithmic processing on the chart being done):

[alexanderanon]

ITT: People spending newfound bitcoin wealth on redundant alternate fork in hopes of even greater exponential gains

[tacotime]

Network just hit 6 gh/s

[regular]

With Litecoin's fast transactions and resistance to centralization (more ASIC proof), I could see Litecoin potentially giving BTC a run for its fiat if there is wider adoption.  For merchants to be able to use these cyptocoins, the quicker confirmation could be a huge benefit faciliate volume of sales.  At this point BTC still takes much too long for actual retail use.  Secondly, since people are now getting familiar with the wallets and cryptocoin transactions, the hurdle for LTC to be adopted seems a lot less.

[Mike Christ]

With Litecoin's fast transactions and resistance to centralization (more ASIC proof), I could see Litecoin potentially giving BTC a run for its fiat if there is wider adoption.  For merchants to be able to use these cyptocoins, the quicker confirmation could be a huge benefit in.  At this point BTC still takes much too long for actual retail use.  Secondly, since people are now getting familiar with the wallets and cryptocoin transactions, the hurdle for LTC to be adopted seems a lot less.

My thoughts as well.  Store in Bitcoin, trade in Litecoin.  Perfect complements.

[Tirapon]

ITT: People spending newfound bitcoin wealth on redundant alternate fork in hopes of even greater exponential gains

And winning

[elvisrene]

the bad situation is now that all the establish miners with there farm rigs are turning there guns to litecoin there for leaving new comers to bite the dust difficulty up 50% and will clime up to 500 by the end of the month.

[bitcoinnix]

the bad situation is now that all the establish miners with there farm rigs are turning there guns to litecoin there for leaving new comers to bite the dust difficulty up 50% and will clime up to 500 by the end of the month.

Yep - for a second it looked like I was going to be able to make my money back that was spent on a larger PSU and two 6870s 3 weeks ago. 

It might happen eventually but it's a long way off now - started at 60 difficulty and was raking in the LTC.  Now it looks like I'll be lucky to mint 3 a day for the next couple days and diminish pretty quickly from there out.

[elvisrene]

yes it sucks i boght my second rig yesterday thinking the same only to see that everyone that was mining bitcoin are now mining litecoin and most of the talked shit all along the way now look where there at  and people are still loads are saying it will crash evan thou it has been going up $1 a day now for 3 days strait