Amazing that people still buy LTC
I'm mining it with titan(s) and I'm scratching my head on all this.....if LTC sits at around 4 after the halving...well the old ltc to btc argument
of ltc is silver to btc's gold may have some merit...if it dumps back down to like 1.69 usd as it was June 5th 2015 AFTER THE HALVING .... well imho
all pow scrypt alts like LTC/dodge etc will eventually go poof....because the vast majority of miners will not be able to mine it with
electric costs and/or no new asic equip scrypt miners will be developed either for data or less likely home miners..ie alts will die....AGAIN
at the old 2 buck or under price after the halving of LTC.
Now there are people (who shall remain nameless (ie economists/worldwide press etc) that say THE SAME THING is what is
eventually gonna happen to Bitcoin infrastructure as well...no sure if thats the case ..but sure will a lot of FUD if the above
worse case on pow scrypt alts comes to pass
probably all will be fine..but if it all was just a pump and dump and LTC price goes down to 1.69 or 2 bucks or so again..after the
HALVING LTC will imho no longer be viable as a coin and start its slow decline along with other pow scrypt alts
and to tell you the truth if those pow scypt alts start to fade at least in the 'short term' it is not gonna do any good to bitcoin's
reputation and price either with the press feeding frenzy and FUD as such a circus if it should occur
my bet is price will be between 3 and 4 bucks and stablize for LTC after the halving...if not then even the BTC price will be in for
hopefully a short term wild ride downward imho
(but then again what do I know at one time drank the bfl and knc kool aid)
again LTC can crash to 2 bucks again BEFORE the halving etc but if it crashes down to that price again AFTER the halving I sure
don't see it recovering and again that being the case my 2nd premise is that BTC would take quite the hit price and acceptance
at least short term (say 5 months or so) should such happen it would be ugly ugly ugly
anyway again what do I know...I also would not be buying in now on LTC ..probably BTC but not LTC
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