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Author Topic: Buy Litecoin Inmediately.  (Read 9746 times)
kingcolex
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April 06, 2017, 01:45:58 AM
 #61

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.
You are high off your ass, there is no way you think that 1ltc will be worth $250+ anytime in the  near future, I say near because if longer then it would have to be worth even more as Bitcoin has a more stable growth.

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WarrEagle
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April 06, 2017, 02:39:50 AM
 #62

^^ I never thought DASH would have hit .12 either. I wouldnt say LTC at $250 is impossible...just not this month.

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April 06, 2017, 04:17:58 AM
 #63

Litecoin price in dollars is more or less stable above 11.65, but Bitcoin is increasing, so the ltc/btc ratio is decreasing, from 0.011+ to 0.01 and lower only today.

Buy in the event(and not in the news, as recommemded) and while BTC price is recovering might not be advisable

Also the LTC dumps are really big when they happen



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ngocbkcse
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April 06, 2017, 04:27:33 AM
 #64

I thought about doing the same recently. The price is about as low I I think it will be.
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April 06, 2017, 04:51:21 AM
 #65

Litecoin price in dollars is more or less stable above 11.65, but Bitcoin is increasing, so the ltc/btc ratio is decreasing, from 0.011+ to 0.01 and lower only today.

Buy in the event(and not in the news, as recommemded) and while BTC price is recovering might not be advisable

Also the LTC dumps are really big when they happen

That's a good point, also another thing to consider is the possibility that long term bag holders will let this rise...I mean, why not?

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iamnotback
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April 06, 2017, 09:09:41 AM
 #66

You are high off your ass, there is no way you think that 1ltc will be worth $250+ anytime in the  near future, I say near because if longer then it would have to be worth even more as Bitcoin has a more stable growth.

Bitcoin can rise to $2500 in that time, especially if Litecoin has resolved the scaling problem for our ecosystem.

Why is LTC at 0.1 BTC implausible if LTC is the scaling solution for Bitcoin supporters?
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April 06, 2017, 09:09:59 AM
 #67

The SegWit signaling has fallen back to 68 - 69%. One could postulate that all spare capacity for mining LTC was already brought onboard with the recent price increase. And that Bitmain will gradually eat away at that by producing more L3s which they keep for themselves to mine on LTC and block SegWit. The competitors may not have much resources as Bitmain, or just the fact that the L3 is twice as efficient as the A4 competition. I am not sure if that is the only scenario though. Maybe BTCC hasn't yet unleashed their GPU farm on LTC because perhaps they want to wait for a higher price. Maybe they want to stimulate one more price pump before making their move. There have been hacking attacks that have moved hashrate to different pools. So I don't know if a similar attack has been employed on LTC pools. I noticed some significant change in the LTC pool distribution compared to yesterday.

https://web.archive.org/web/20170406082911/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

I had the thought that even if SegWit doesn't get activated, Litecoin has 4X more capacity in its blocks than Bitcoin, so it will have lower transaction fees. Yet I don't know if that would be compelling enough without real scaling.

Edit: Okay I was mistaken in thinking the activation period was only 24 hours. It is 2 weeks:

https://www.reddit.com/r/litecoin/comments/63nb70/how_long_does_it_need_to_be_over_75_before/

Edit#2: Ah I see it must be a specific retarget period!

Lock-in: If 75% of blocks within any retarget period signal support for segwit, it locks-in. SegWit transactions are now opt-in.

Activate: After another 8064-block (roughly two week) retarget period, segwit will activate, allowing miners to produce blocks containing segwit transactions on Litecoin’s mainnet.

Thus perhaps we can expect that BTCC won't throw its GPUs at LTC mining until the next block retargeting! Important find.

The next block retargeting begins in ~30 hours, and the following confirms the two week activation period:

Next block retarget (4 per activation period)

Since a retarget period is roughly 3.5 days, that means the prior 3.5 day retargeting period did not start with ~69% signaling.

So I conclude that we might see fireworks ~30 hours from now.



To be technical, ASIC miner CHIP manufacturing on the 14/16nm node is in either Taiwan (TSMC fab with input or part-ownership by Samsung) or New York State of the US (Global Founderies, ex-IBM fab) at this point.

Ah yes, I remember this from when I was researching mobile-CPU friendly PoW hash function designs in 2016, that Samsung had an advantage on 14nm chips for mobile.

Bitmain in particular has shown a LOT of issues with getting enough chips to make miners with- when you have LARGE companies like NVidia and AMD having availability shortages on their new cards that they plan to sell millions of, a small company like Bitmain has to settle for what capasity is left over (and keep in mind that AMD has long-term contracts locking in capasity at Global Founderies due to the ex-AMD fabs being part OF Global Founderies dating back to it's foundation and their sale TO GF by AMD - and a lot of the rest of GF capasity is locked into IBM for the SAME reason).

So doesn't this favor my hypothesis that Litecoin's price rise means ASIC supply is constrained thus hashrate will not rise as fast as price does, and thus older 28nm stock should come into mining and it should signal SegWit, because those guys want to remain profitable at higher prices.

I see that there are still a couple of KNC Titan Scrypt miners for sale on ebay. And as the price is rising the A2 Dominators are becoming viable to mine with. I see a shit load of A2s for sale on ebay at really cheap prices ($200, etc). You can practically but them for nothing and when the price rises enough you could flip then for a profit I bet. I haven't actually run the calculation to see at what price the A2s are generating enough profit.
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April 06, 2017, 10:05:59 AM
 #68

@iamnotback, do you think ltc rise happens also because of bugs in bitcoin's POW protocol that are curently exploited ? ? They are exploiting it from all sides https://www.reddit.com/r/ethereum/comments/63pitn/new_exploit_in_bitcoins_pow_leads_to/

Also antpools mines empty blocks ( not sure to what end ).
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April 06, 2017, 10:14:01 AM
 #69

Get On Board. That's all I have to say.
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April 06, 2017, 10:27:59 AM
 #70

I agree that litecoin is a buy at this moment. apart from the initial bump in price, it hasn't made any big moves yet. These LTC/BTC ratios are still extremely low and it has been sustainably higher for long periods in the past.

I wouldn't be surprised if we went to 20 usd or more this month.
Slowly creeping it's way back up to $50, it really could go further and there is no real reason it couldn't considering the price of bitoin, obviously it hasn't got the users or transactions currently that bitcoin is seeing daily but that just gives it more room for growth.


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iamnotback
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April 06, 2017, 11:07:56 AM
 #71

Please tell me how is LTC not about to have a massive breakout to the upside (or to the downside?) within 6 hours or less?



Odds are better than 50% for a upside breakout but can even be a false downside with a pullback to the upside:

http://thepatternsite.com/st.html

I sold my LTC. It broke down out of the symmetric wedge. Now we have to see if it is a false breakdown with a pullback. Otherwise it is headed back to 0.0075 or below. The market apparently is very doubtful, so maybe we have to pullback and reload.
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April 06, 2017, 12:38:06 PM
 #72

Looks like a classic pullback to me so far. I think the mini dump was just the idiots trying to squeeze a couple dollars out of that BTC spike. That drops and LTC starts climbing again. So typical and one of the annoying aspects of crypto. Whiule I was typing this it climbed back into my triangle pattern.

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iamnotback
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April 06, 2017, 04:44:28 PM
 #73

Probably my last post on LTC:

^^ Do you watch buy support? It's been building from a low of 1600 this morning to over 2100 BTC now

Thanks I didn't and I should have. I'm not a professional trader. Otherwise I wouldn't have chickened out and sold. My acumen is on analysis of the technology, economics, and game theory. Also I am reasonably good at identify the major trends.

Any way, I re-entered LTC when it moved back above the bottom of the wedge. I am in a solid HODL stance now. I will stop looking at the chart. I will not trade it any more. To $50 or bust.



I posit a reason that Bitmain's surrogate pools will stop blocking SegWit on Litecoin soon.

If you read the entire linked thread, you will catch up on a lot of the details as to why I am nearly certain Bitcoin is going to remain small blocks and never get scaling.



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.

What did I miss?

Nash?

I can't continue providing links to every thing I write all over the place. But one more time, go read this thread and also this post.
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April 06, 2017, 08:07:27 PM
 #74

Looks like a classic pullback to me so far. I think the mini dump was just the idiots trying to squeeze a couple dollars out of that BTC spike. That drops and LTC starts climbing again. So typical and one of the annoying aspects of crypto. Whiule I was typing this it climbed back into my triangle pattern.
I think it will go down soon, than it will go up, it will than go down again. You guys are focusing on too much fort he short term.
It is Litecoin we are talking about, as long as there is Bitcoin there will be Litecoin, they are now doing a great job and trying out segwith and LN, I think in the long term it will go even higher.
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April 07, 2017, 10:18:46 AM
 #75

Yes buy at the high and then sell at a loss. The investors here are amazing.


This made my day hahhaa same like polo here

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April 07, 2017, 11:43:42 AM
 #76

Yes buy at the high and then sell at a loss. The investors here are amazing.

This is all because of emotions. Many people are very emotional and afraid to loose all money. This is how it happens usually
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April 07, 2017, 12:12:43 PM
 #77

I do not think it`s a good time to buy ltc because btc began going up and everyone will jump on btc train soon.

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April 07, 2017, 09:11:55 PM
 #78

I do not think it`s a good time to buy ltc because btc began going up and everyone will jump on btc train soon.

Ltc dump is temporary. Ltc will be above 0.011 this month,
kingcolex
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April 07, 2017, 09:35:22 PM
 #79

I do not think it`s a good time to buy ltc because btc began going up and everyone will jump on btc train soon.

Ltc dump is temporary. Ltc will be above 0.011 this month,
What's with these speculations always being in bitcoin.Speculate in USD like every other damn investment. Bitcoin might be at $900 or $1200 at the end of this month.

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April 08, 2017, 01:42:28 AM
 #80

I do not think it`s a good time to buy ltc because btc began going up and everyone will jump on btc train soon.

Ltc dump is temporary. Ltc will be above 0.011 this month,
What's with these speculations always being in bitcoin.Speculate in USD like every other damn investment. Bitcoin might be at $900 or $1200 at the end of this month.
Ltc have inflated on segwit, to fill there more people ... will fall a long time again at 0.004 I think
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