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Author Topic: Buy Litecoin Inmediately.  (Read 9757 times)
joeydangerous
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April 05, 2017, 06:26:18 PM
#41

Big whale caught with a big ass wall:



Look at the 950k sats one

780 BTC that's insane

Pretty funny how I saw that wall disappear and appear a couple times.

Probably a whale with some short positions scared of the price going up and getting destroyed, or a whale accumulate under 0.001

So far it's holding pretty well

Edit: holy hell, just saw that wall get eaten in less than a minute

Coblee prolly eating his own coins.
lol jp

Let's go LTC! $11

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blade87
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April 05, 2017, 06:39:18 PM
#42

Yeah, watch them dump on you haha.

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April 05, 2017, 07:07:47 PM
#43

0.01 BTC psych barrier was crossed, looks like maybe it's time to give it a rest and buy cheaper in a couple of hours? only one way to find out.

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April 05, 2017, 07:19:09 PM
#44

Ok im buying. Tell me when to stop!
Nobody can. Some think litecoin is a half-dead currency and just a clone of btc. Others think it is one of the best and will show how good it is when btc will become too expensive. I believe ltc is rather an investment for a long time and I'm thinking about buying some now since it's growing in price very FAST. And yet $10 is not that much, so it's a nice chance to buy some.
But again, creating a wallet, finding a nice website to do the thing.. I guess I'll never be a trader because mostly this is what stops me.

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April 05, 2017, 07:41:19 PM
#45

Ok im buying. Tell me when to stop!
Nobody can. Some think litecoin is a half-dead currency and just a clone of btc. Others think it is one of the best and will show how good it is when btc will become too expensive. I believe ltc is rather an investment for a long time and I'm thinking about buying some now since it's growing in price very FAST. And yet $10 is not that much, so it's a nice chance to buy some.
But again, creating a wallet, finding a nice website to do the thing.. I guess I'll never be a trader because mostly this is what stops me.
Price can also fall fast!! i bought at $9.5 and sold at $10.8 (didn't wanted to take risk) i made good profit lol. if price falls below $9 i'll be buying again few ltc and be holding for long term.

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WarrEagle
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April 05, 2017, 08:50:54 PM
#46

Get On Board. That's all I have to say.

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April 05, 2017, 09:56:59 PM
#47

Ok im buying. Tell me when to stop!
Nobody can. Some think litecoin is a half-dead currency and just a clone of btc. Others think it is one of the best and will show how good it is when btc will become too expensive. I believe ltc is rather an investment for a long time and I'm thinking about buying some now since it's growing in price very FAST. And yet $10 is not that much, so it's a nice chance to buy some.
But again, creating a wallet, finding a nice website to do the thing.. I guess I'll never be a trader because mostly this is what stops me.

I think it's time for you to check out for example KRAKEN.com ?  start there and later create a wallet with own keys?

Put your money were your mouth is       #coinderdotcom
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April 05, 2017, 10:04:12 PM
#48

I've wondered (and asked) before why Litecoin would need SegWit, but never got an answer. For Bitcoin I get it: blocks are full, and transactions are slow and expensive. Current blocks have reached their limit.
Litecoin doesn't have any of these problems.

I've only found this on Reddit:
Quote
And segwit opens the door to the Lightning Network + a ton of devs building on top of it. Pretty huge.
-- rw-stott
Is this really worth the hype?

Bitcoin holders have no reason to diversify to Litecoin without SegWit+LN because that can't solve the scaling either (4x the capacity is not solving the scaling). Without scaling solution Litecoin is useless. Without Bitcoin holders diversifying to Litecoin there won't be huge price surge. Litecoin miners need to demonstrate to investors and developers that they are agile and willing to progress so those frustrated with Bitcoin stalemate can move forward.

Speculation:
  • Bitcoin will stay as it is, an immutable blockchain with high fees unable to scale to daily use
  • Litecoin will have LN
  • Litecoin will have Mimblewimble
  • => LTC = 0.25 BTC

If we assume LTC will 25x against BTC, then if you diversify 4% of your current BTC holdings to LTC you have doubled your total BTC amount when that happens.
btbrae
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April 05, 2017, 10:19:04 PM
#49

LTC actually has a few benefits to Bitcoin:

Better initial distribution, less Roger Ver types

Less hacks, most hacks 2011-2016 were for Bitcoin creating some shady bagholders, also the US Government

People new to cryptocurrency have a natural affinity to Litecoin as it is the underdog

Lead developer is Chinese and has political muscle

With Segwit+LN, there is literally no reason to be using Bitcoin for the short term as most places that accept Bitcoin also accept Litecoin. Because Bitcoin requires 95% to activate Segwit, then Litecoin will most likely be running Segwit+LN alone for most of 2017 or at least unless the Bitcoin price tanks and miners wake up.

The flippening could happen, but not with Ethereum as previously thought, but with Litecoin.

People love an underdog! Watch out...
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April 05, 2017, 10:36:22 PM
#50

LTC actually has a few benefits to Bitcoin:

Better initial distribution, less Roger Ver types

Less hacks, most hacks 2011-2016 were for Bitcoin creating some shady bagholders, also the US Government

People new to cryptocurrency have a natural affinity to Litecoin as it is the underdog

Lead developer is Chinese and has political muscle

With Segwit+LN, there is literally no reason to be using Bitcoin for the short term as most places that accept Bitcoin also accept Litecoin. Because Bitcoin requires 95% to activate Segwit, then Litecoin will most likely be running Segwit+LN alone for most of 2017 or at least unless the Bitcoin price tanks and miners wake up.

The flippening could happen, but not with Ethereum as previously thought, but with Litecoin.

People love an underdog! Watch out...

Good post. Ethereum never had a chance after exhibiting all it's flaws. 

This is like watching the good guy get knocked to the ground. Looks like he's out for the count but miraculously gets up and lays a beating on the bad guy.

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
btbrae
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April 05, 2017, 10:44:50 PM
#51

I should also point out to users new to Litecoin that there is an Electrum wallet (https://electrum-ltc.org) available so that you needn't download the entire blockchain and one of the best ways to get started. Don't leave your coins on an exchange any longer than necessary.
thejaytiesto
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April 05, 2017, 10:58:18 PM
#52

Ok im buying. Tell me when to stop!
Nobody can. Some think litecoin is a half-dead currency and just a clone of btc. Others think it is one of the best and will show how good it is when btc will become too expensive. I believe ltc is rather an investment for a long time and I'm thinking about buying some now since it's growing in price very FAST. And yet $10 is not that much, so it's a nice chance to buy some.
But again, creating a wallet, finding a nice website to do the thing.. I guess I'll never be a trader because mostly this is what stops me.
Price can also fall fast!! i bought at $9.5 and sold at $10.8 (didn't wanted to take risk) i made good profit lol. if price falls below $9 i'll be buying again few ltc and be holding for long term.

Looks like you fucked up. Price is going up convincingly and already past 12 dollars at BTC-E, and 0.0108 right now in Poloniex.

Im hoping for a further dip because I missed my latest buy order by a small amount fuuuck. I thin I stil can get in if the FOMO doesn't continue at this ridiculous rate.

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April 05, 2017, 11:01:38 PM
#53

I should also point out to users new to Litecoin that there is an Electrum wallet (https://electrum-ltc.org) available so that you needn't download the entire blockchain and one of the best ways to get started. Don't leave your coins on an exchange any longer than necessary.
Unless you like margin trading, then by all means profit at the exhange.

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iamnotback
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April 05, 2017, 11:05:44 PM
#54

@miscreanity what I see on those charts is that Bitcoin is making lower highs and lower lows after the $1280 (isn't that a double-top from the peak intraday price in 2013?), which is short-term bearish. And the candlesticks on Litecoin are forming a wedge pattern which about to breakout, either to the upside or downside (but normally such a pattern will continue in the direction it was on, so upside breakout).

Combine that chart understanding with the fundamental understanding of Bitcoin as Nash's ideal money, and that is why I posit that Bitcoin can't move higher until Litecoin catches up.

...

I am hypothesizing that BTC will be range-bound (eyeballing it perhaps $800 - $1150ish), until Litecoin has clearly signaled that it is resuming its relevancy and on the way towards an ATH.


That chart is clearly indicating that Bitcoin can't move higher until Litecoin catches up.

Litecoin's price is undergoing the same technology adoption as Bitcoin and all the rest, it is just that the first hump is very volatile (because silver is more volatile than gold for the reasons I have explained). So this means Litecoin's price is going to $100+:

My prediction that BTC would remain range bound until LTC catches up, is so far proving to be true.

The simple reason for this is that the market is not stupid. The market knows that Bitcoin can't ever get any scaling improvements to its protocol. Bitcoin will forever be relegated to small blocks, because it was intended that Bitcoin be the most reliable (i.e. no experimental shit) settlement layer for the power brokers of finance. As the fee per transaction rises to $10 on Bitcoin over this year (and let's guess $100 per transaction by 2019), then most of us will not transact on Bitcoin any more. We will transact on Litecoin. And Blockstream will transfer its efforts to Litecoin, which will give Litecoin legitimacy.

So Bitcoin can't move higher until it is assured that Litecoin will provide the scaling solutions that our ecosystem needs so that blockchains can begin to invade the mainstream world of payments systems and fractional reserve banking. Upthread I explained why Ripple is dogshit, so I expect once it becomes clear that Litecoin will have Lightning Networks coming, then Ripple will collapse. So the smart money should be moving from Ripple to Litecoin.

Note the current jump to $12 looks like it might be overheated and too fast, so I'd be cautious about buying too much too fast. Average in your buys in case we get a dip, but do get some now (nibble) if you don't have any because price can run higher yet. Yet I remain adamant that Litecoin is easily going to exceed $30 and probably $100 before the end of this year, unless somehow SegWit activation is defeated. At the moment SegWit signaling is at 70.8% for those blocks in the last 21 hours. We are very close.

Some myopic people haven't realized that Litecoin needs scaling because it will be receiving all the excess volume from Bitcoin that can't fit in Bitcoin's small blocks, and because the volume will increase exponentially with Lightning Networks enabling private fractional reserve banking and the banks will evangelize Litecoin ecoins to the masses. Litecoin either grabs this opportunity, else Ethereum will take this role with its coming Raiden clone of Lightning Networks. But Blockstream is not going to let that happen. Bobby Lee of BTCC is the brother of Charlie Lee the creator of Litecoin. BTCC will push SegWit activation over the 75% threshold with its GPU farm that is mining Ethereum, if need be.

Also myopic people don't realize that block size increases can't scale because due to the equation on orphan rate, orphan rates increases exponentially as block size increases. Exponential worsening is the antithesis of scaling for anyone who understands math and computer science. I also explained why Xthin is no solution to this dilemma.

I was checking yesterdays trading  volumes and 22% of all crypto trading  was Bitcoin trading with fiat. 11% was Litecon trading with fiat.
If you take out bitcoin trading with alts, Bitcoin dont look that big anymore. 
and since talk in this thread was what LTC have that most other alts dont have is exactly this build infrastructure.

LTC would gain traction due to the centralists of the DCG
here is a list of those prominent services in DCG portfolio that have alot of sway of the whole crypt-onomy
-blockstream
-btcc(litecoin inventors brother)
-bitpay
-bitpesa
-changtip
-coinbase(litecoin inventor)
-coindesk (puppetmaster of propaganda owned by DCG)
-gyft
-kraken
-purse
-shapeshift
-xapo

plus many more

imagine if all of them (shh they are already becoming) start being LTC friendly. ETH wont stand a chance with being 'merchants accept' available
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April 05, 2017, 11:12:40 PM
#55

It makes me happy that iamnotback loves the LTC.

👍

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April 05, 2017, 11:20:27 PM
#56

I opened a long at the low 700's and added to it at 880. Happy dance!

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April 05, 2017, 11:30:06 PM
#57

It even hit 13.5$ on kraken, so it seems the next 2-3 weeks untill segwit's activates the price will further increase. Apparently some people are also selling btc for ltc.

LTC's creator Charlie lee seems to think that the LTC price can increase up to 50$ and he casted a vote https://twitter.com/SatoshiLite/status/849695527268564992
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April 06, 2017, 01:02:28 AM
#58

One day it had 100k$ trading volume for 24H, and now it has fucking 21B$ trading volume on btc-e. Talkin about ltc obviously.

Don't enter from here or else you'll get burned. Fontas made a cumback it seems. Don't fall for it.

LTC is a good buy long term for this year but as of now it's bubbled, no way im getting back in under 0.009 hopefully by tomorrow we've corrected around there.

I traded the high 0.0113 and re-entered at 0.01. I am and have been 100% in LTC since $6.50. I invest based on fundamentals and my conviction. I am not really a trader.

I think it may push higher from here, but even if it dips to 0.009, I am happy holding this position, because all BTC holders who want to pay for goods & services have to come to LTC over the next year or so, else they won't be able to afford to transact. Speculation in BTC can of course continue on exchanges at low transaction fees because these aren't blockchain transactions, but if you hold your balances always on exchanges, eventually you will lose your money due to hacks and thefts.

LTC should rise over the next year or so to at least 0.05. It will likely overshoot to something ridiculous such as 0.2, due to way greater fool mass manias and speculation play out.

So 0.01 or 0.009 is splitting hairs. You run the risk of chasing it and never getting on board.

Bitcoin will never get SegWit, Lightning Networks, nor larger blocks. Anyone still talking/writing about that are wasting their breath/fingertips.

Right now we are in the attitude readjustment phase where Bitcoiners slowly pour cold water on their face and wake up to reality.
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April 06, 2017, 01:41:57 AM
#59

And now finally we understand that indeed scaling can only happen on Litecoin:

Re: Well, well, well, now we know what Jihan Wu痴 been up to.

Apparently, Jihan Wu has been covertly using some patented exploit called asicboost to gain 20%+ efficiency on his hardware that痴 incompatible with SegWit. It all makes sense now. Hope he gets his ass sued off.

Shills care to chime in?

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html

Yup. Now everything is clear and now we know why everyone must buy LTC.

FUD.  Asicboost been known about for a long time and Bitmain holds the patent in China.

https://www.asicboost.com/patent

All ASIC manufacturing will be in China.

Sorry Bitcoin will never get SegWit nor LN, because Bitmain will block it on Bitcoin. And the whales of Bitcoin will always block larger blocks for the reasons I have explained else where.

But Bitmain is unable to block SegWit on Litecoin, even though they tried to.

Now we know why the other ASIC manufacturers are not against SegWit. They don't want to pay patent fees. Perhaps Baron Wu offered some deals to some others to get them to join his efforts.

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April 06, 2017, 01:44:54 AM
#60

Now that Jihan and Bitmain have been outed as exploiting a vulnerability in Bitcoin's PoW and that SegWit would have made it impossible for them to continue exploiting this vulnerability the motivations for blocking SegWit and supporting BU have now become very clear. We're going to see a shift in SegWit support in Bitcoin very soon and LTC is also helping here by activating SegWit first. I can see some more room up for Litecoin until around 0.02 or $25, but this will change as soon as Bitcoin starts to make progress towards activating SegWit as well and people start moving back into BTC. If you think BTC will stay behind and never activate SW or LN you are sorely mistaken. Let's see what happens and see who turns out to be right.

We can't get 95% to activate SegWit on Bitcoin without Bitmain's approval. They have every right to protect their patent's value. Those who think Bitcoiners will rally to fight him are socialists and communists, who deny capitalism, game theory, and economic reality.

We can't lower the 95% threshold for Bitcoin, because it will cause too much risk and wild price swings.

Also we shouldn't be putting such experimental shit on Bitcoin. Bitcoin is supposed to remain reliable.

Sorry Bitcoin will remain unmodified, as Satoshi (aka Nash) intended its equilibrium game theory to be a clusterfuck of politics insuring the immutability of the protocol which is what gives Bitcoin its trust and value.

wait...
if his asicboost is rendered invalid, doesn't that make all his ASIC+asicboost hardware useless ( totally useless) ?

As I understand the whitepaper, yes it would because the logic gates for avoiding the optimization have been eliminated which makes it 20% more efficient.

All those who own Bitmain hardware for mining SHA2 coins, must fight SegWit.

If you fork and bankrupt miners who bought hardware, Bitcoin can never again be trusted. It means Bitcoin is run by democracy and not by immutability. Satoshi (Nash) will roll over in his grave.

The whales of Bitcoin will destroy any such fork. I guarantee you that!

Got LTC yet?  Tongue
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