Sleeping giant is awakening?? LTC back to $50 now ??

[cryptohunter]

either btc core or BU should just jump ship to LTC instead of creating 2 forms of BTC.

We can even rename it Bitcoinlite.

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[gamblr]

either btc core or BU should just jump ship to LTC instead of creating 2 forms of BTC.

We can even rename it Bitcoinlite.

  hahahahahahaahahahahhhahaha



no

[JoeyDaMan7]

I didn't know that there were that many Litecoin fans. Damn.

Bitcoin Dark goes up $50, "it's manipulation!", but ohh when Litecoin goes up to $6 without any development, "this is the best coin ever!" 

[btbrae]

Litecoin is as old as the internet.

[vlom]

this time i won't sell @15$ like i did with dash. and i won't sell @25$ like i did with ETH. i like LTC and the market has to offer my a really good price. otherwise i won't sell.

[care2yak]

there is nothing strange going on with litecoin.

litecoin has been waiting for its turn to get pumped. ETH, Dash, Monero, Ripple, Decrede,... all got pumped and the altcoin pumpers got a lot of profit now they are dumping all these coins hard and getting their bitcoins/fiat out of them and putting it in other altcoins.

one of these alts is litecoin. it has just started going up and all that profit is now entering LTC markets and will push the price to the moon. i wouldn't be surprised to see $50 in it specially with SegWit on litecoin.

I like what you're saying. Whoever said in that other thread that ltc is dead, is gonna choke 

[Aureliusy]

Arise all Value junkies and get your latest shot for moneyz.

[nxyuseer]

Impossible!

[Chef Ramsay]

LTC is gonna escalate quite magnificently from here before the next moon phase comes for bitcoin, hope everyone is positioned accordingly. Today's test flight is signalling of what's to come. Get your LTC before it's too late, bitchez!

[iamnotback]

Re: Sleeping giant is awakening?? LTC back to $50 now ??

Is this what we have been waiting for?

segwit and possible privacy getting people back on the train for real or just a small pump today?


Choo Choo...

Do you realize how potentially huge this rise could be? Litecoin is 1/50th of Bitcoin's market cap. We could very easily see a 10X gain here in a short time frame.

Jump on this huge spike in volume trainrocket immediately. I just dumped the remainder of my BTC into LTC (except 1 BTC I have on localbitcoins). The reason is because Litecoin can do SegWit and LN sooner than Bitcoin and Bitcoin probably can never activate SegWit and LN. Litecoin is the escape valve for Blockstream (Core) so they don't become irrelevant:

Re: What cryptocurrency is solving the scaling problem?

@jonald_fyookball, you better re-read my post and make sure you understand why LN is not only never going to happen in Bitcoin, it is not viable in the knowledge age.

[thejaytiesto]

Re: Sleeping giant is awakening?? LTC back to $50 now ??

Is this what we have been waiting for?

segwit and possible privacy getting people back on the train for real or just a small pump today?


Choo Choo...

Jump on this huge spike in volume trainrocket immediately. I just dumped the remainder of my BTC into LTC (except 1 BTC I have on localbitcoins). The reason is because Litecoin can do SegWit and LN sooner than Bitcoin and Bitcoin probably can never activate SegWit and LN. Litecoin is the escape valve for Blockstream (Core) so they don't become irrelevant:

Re: What cryptocurrency is solving the scaling problem?

@jonald_fyookball, you better re-read my post and make sure you understand why LN is not only never going to happen in Bitcoin, it is not viable in the knowledge age.

I have been considering a position in LTC now that it is correcting.

My question is: How can segwit activate there? like what is the state of the mining pools in LTC? we must look at what the big mining whales in LTC are going to do with segwit signaling because as of now, it's only 22%:

http://litecoinblockhalf.com/segwit.php

The good news is, it only takes 75% compared to 95% in BTC, but why is it stuck at 22%? and what are the realistic prospects of this changing anytime soon?

[blade87]

Here's how the stars can align for LTC:

1) SegWit
2) Confidential Transactions
3) BTC forks and BU becomes the dominant chain
4) Coinbase adds Litecoin (not just GDAX)

1 & 2 alone are a $20 target for me.
Adding 3 is a $50+ target.
4 kind of just reinforces the Core chain dying and being replaced by LTC... core devs can start "fresh" on something that doesn't have the bad stigma of the BU fork, and is already technically better than Core: $100+ (bubble, not maintained)

One can dream right?

We've seen LTC do "this" before, so I also won't be surprised if I wake up tomorrow to $4.50 again, much like I woke up to $7 today.

The good news is, it only takes 75% compared to 95% in BTC, but why is it stuck at 22%? and what are the realistic prospects of this changing anytime soon?

Pools are being lazy, but the other reason could be that whales need time to accumulate positions. Once they have them, flip the switch f2pool...

[iamnotback]

I have been considering a position in LTC now that it is correcting.

My question is: How can segwit activate there? like what is the state of the mining pools in LTC? we must look at what the big mining whales in LTC are going to do with segwit signaling because as of now, it's only 22%:

http://litecoinblockhalf.com/segwit.php

The good news is, it only takes 75% compared to 95% in BTC, but why is it stuck at 22%? and what are the realistic prospects of this changing anytime soon?

Pools are being lazy, but the other reason could be that whales need time to accumulate positions. Once they have them, flip the switch f2pool...

Because miners have much more to gain by activating it than on Bitcoin, because they will see a huge spike in the value of the tokens they are mining and the supply of Scrypt ASICs can't keep up (with the fast rising price in order to raise the difficulty), so those existing miners will make so much money! Thus they don't have the sunk costs dilemma that is creating the stalemate in Bitcoin.

[thejaytiesto]

Here's how the stars can align for LTC:

1) SegWit
2) Confidential Transactions
3) BTC forks and BU becomes the dominant chain
4) Coinbase adds Litecoin (not just GDAX)

1 & 2 alone are a $20 target for me.
Adding 3 is a $50+ target.
4 kind of just reinforces the Core chain dying and being replaced by LTC... core devs can start "fresh" on something that doesn't have the bad stigma of the BU fork, and is already technically better than Core: $100+ (bubble, not maintained)

One can dream right?

We've seen LTC do "this" before, so I also won't be surprised if I wake up tomorrow to $4.50 again, much like I woke up to $7 today.

The good news is, it only takes 75% compared to 95% in BTC, but why is it stuck at 22%? and what are the realistic prospects of this changing anytime soon?

Pools are being lazy, but the other reason could be that whales need time to accumulate positions. Once they have them, flip the switch f2pool...

What % would f2pool switching would get the current 22.5% from to?

Also, if the f2pool guy switches to segwit in LTC, how can he defend his anti-segwit position in BTC with a straight face anymore? (edit:I think i get it now from iamnotback's comment above, i thought miners rejecting segwit because of code reasons too)

https://twitter.com/f2pool_wangchun

Looks like they tried to activate segwit in some altcoin called Syscoin.. also you can see the chink wearing a "hard fork cafe" with some guy that I think its some BU developer... geeez fucking trolls.

Im just unsure to get in LTC because who knows if this is another flash pump and dump like the ones we've seen in the past few days. We need to know if there is realistic possibilities to get segwit for a solid pump.

[iamnotback]

Im just unsure to get in LTC because who knows if this is another flash pump and dump like the ones we've seen in the past few days.

Compare the volume.

[thejaytiesto]

Im just unsure to get in LTC because who knows if this is another flash pump and dump like the ones we've seen in the past few days.

Compare the volume.

Yeah rather than flash I would have said stagnating from the current price to the flat 2-3 USD price. Its got top poloniex volume so it's prime for either an epic pump or slow motion unloading (if some whale doesn't get nervous)... make your bets.

[iamnotback]

Im just unsure to get in LTC because who knows if this is another flash pump and dump like the ones we've seen in the past few days.

Compare the volume.

Yeah rather than flash I would have said stagnating from the current price to the flat 2-3 USD price. Its got top poloniex volume so it's prime for either an epic pump or slow motion unloading (if some whale doesn't get nervous)... make your bets.

The economics says that a massive move from BTC into LTC must happen.

A massive economic opportunity like that won't be left on the table by the miners of LTC.

Unless I am incorrect about the market dynamics of Scrypt ASICs. Can someone research the Scrypt ASIC market? I'm presuming it doesn't have the economies-of-scale of SHA256 ASICs, because the demand has been 1/50th for such a long time. What are the lead times on ramping up supply? Has the supply been quietly monopolized/hoarded?

[Nathan047]

I dunno, LiteCoin is defiantly due for a pump, and I’d like to see it get a boost. If I had to take a guess, I’d guess it will get pumped to 80$ then fall back to 60$, although I have no reason other than a gut feeling. Lets see where this goes, and hope it goes “To the moon!”

[iamnotback]

Bitcoin is deflationary, but it's money supply is increasing atm. It has inflation atm.

That is because people here use the wrong terms. Bitcoin has debasement (which eventually or asymptotically ceases) but its effect on the economy is deflationary.

Litecoin has an advantage because its debasement ends sooner than Bitcoin, so it becomes ideal money sooner. The silver of the crypto world is about to rise to the 1/5 ratio or so.

I wrote the following in private communication to try to explain the upthread discussion more succinctly:

Nash's ideal money said that something like Bitcoin's design could end fiat systems and make private fractional reserve banking work correctly because governments wouldn't be able to muck up the metrics in the economy. But Nash admitted that if a deflationary currency is plausible, then it would mess up private fractional reserve banking and his ideal money concept would not be viable. Therefore, my design for a deflationary decentralized crypto currency should in theory destroy Bitcoin and all the other PoW crypto currencies (eventually, not instantly).

[mining1]

Won't happen. LTC may fluctuate alot, like between 250-500mil, nothing more. There is simply no reason for a barely top 7 project to climb too much. There's simply not enough demand for it, just a playtoy for the chinese. It's a copy of bitcoin but it doesn't have it's hype, it's brand, nor it's fame.

Everyone will remember LTC as the wannabe bitcoin, a project that aimed low. Every ltc pump simply ended with just higher lows. It was around 4$, so i guess it will level at around 5$.