[LTC] Litecoin Speculation

[BrainyNetwork]

There are several Litecoin speculation threads running right now, and all the same people posting in them. I think it's a bit confusing and waste of time to search and look at all of them to follow the discussion.

So why not focus the discussion in one thread to simplify our experience.

[1714787042]

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[BrainyNetwork]

SegWit is locked in now. So in about 2 weeks we should see SegWit activated.

Maybe the next week will be slow, but I think the next one (last 7 days before SegWit activates) will experience some pumps.

[kc.]

I don't believe in the coin and don't see what all the hype is about.

Just stick to investments that you truly believe in and you will succeed.

[JeffBrad12]

SegWit is locked in now. So in about 2 weeks we should see SegWit activated.

Maybe the next week will be slow, but I think the next one (last 7 days before SegWit activates) will experience some pumps.

The latest news has told me if the dev of lightning network tries to move his way to the litecoin, and I think it can be considered as another support to pump the price of litecoin as soon as possible.

Litecoin will get a lot of the beneficial by using segwit and lightning network to be his chain improvements.

Segwit gives large ways to the off chain developers.

[BrainyNetwork]

I don't believe in the coin and don't see what all the hype is about.

Just stick to investments that you truly believe in and you will succeed.

Well, as you wrote in another thread, you neither believe in Bitcoin so I can understand that you don't believe in Litecoin.
They go in pair.

And I believe in Litecoin, because there are chances that Bitcoin never scales up, so Litecoin would be a huge asset to Bitcoin.

And even if Bitcoin implements SegWit, as Charlie wrote in his article https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b, it won't be enough to support a worldwide transactions market (if Bitcoin gets adopted as international currency for example.)

So, Litecoin always finds its use to strengthen up Bitcoin.

The latest news has told me if the dev of lightning network tries to move his way to the litecoin, and I think it can be considered as another support to pump the price of litecoin as soon as possible.

Litecoin will get a lot of the beneficial by using segwit and lightning network to be his chain improvements.

Segwit gives large ways to the off chain developers.

Yes, tons of opportunities with SegWit.
And even if Bitcoin ever implements SegWit, Litecoin should have a long time buffer to play with it, giving it a great plus-value.

[Herbert2020]

this is not a 100% thing but in most cases the following is true:
in short term it all comes down to bitcoin price. specially when altcoins are being traded against both bitcoin and USD.
let me explain with an example:
lets say BTC is $1000 and ALT is $10 ie 0.01BTC
if bitcoin goes up to $1200 that ALT remains at $10 there is no reason for it to rise up in USD value so the BTC value goes down to 0.00833333BTC and since majority of users are trading in ALT/BTC market they only see that dump from 0.01 to 0.008 and the sell pressure and panic sell starts and price gets dumped more. down to 0.0075BTC=$9

(this is the reason for LTC's dip in the past 24 hours from 0.0125 to 0.0114. and also why pumpCoins like ETH and Dash are getting dumped hard whenever bitcoin rises, also the reason why they started pumping right by the time when bitcoin dipped below $1000).

in long term, there is still an ongoing accumulation phase going on with LTC and the dip was actually a good time to buy more coins. and SegWit with its 100% support will activate in the next period and we will be on our way up.

[BrainyNetwork]

Market is pumping ETH/ETC right now.

LTC will get its pump within the next 2 weeks.

And SW officially locked in now.
Next milestone, getting it activated! 

[loreRex]

To summarize:

-BTC up
-ETC/ETH up
-some LTC panic sellers

I would say that these trends should reverse next week.

[youdamushi]

I don't believe in the coin and don't see what all the hype is about.

Just stick to investments that you truly believe in and you will succeed.

In fact people investing in LTC are people believing BTC will crash

So yeah obviously it's a bad idea to invest in LTC xD
Especially when you see the amount exchanged! They're ridiculously low!!!

[BrainyNetwork]

In fact people investing in LTC are people believing BTC will crash

So yeah obviously it's a bad idea to invest in LTC xD
Especially when you see the amount exchanged! They're ridiculously low!!!

You're very mistaken about that. Most LTC investors believe in both BTC and LTC, as complementary. Only a small minority of LTC investors think BTC will crash.

[MedaR]

I think it is more about trust then about security in this case, LTC is second and most trusted, don't forget it! Simplicity is second most wanted thing, lately we have very complicated concepts that are very confusing for average person,  and too copliceted is shady and fishy..LTC is simple fast trusted everything that will ever be asked from money to be.

[BrainyNetwork]

That's true.

I think we'll see another bust in LTC price within a few/several days.

LiteCoin getting activated in 12 days, clock's ticking

I increased my LTC stake of 23% in the past 24 hours, as I sold for XRP, then rebought LTCs 

[giveen]

Price speculation of this is pretty simple after a month or maybe 2 we will see the price back to 2$ or 3$. Just think this coin as a case of dash it will be pumped dumped until the investors feel the profit they earned is sufficient.

[a29654]

$100 by December

[Quesdana]

$100 by December

That is too much. I think it is 20 to 30.

[BrainyNetwork]

$100 by december could really happen. If people start aknowledging that SegWit adds immense value to LTC, and if the scaling issue on BTC is not fixed by then, it could mean that plus-value to LTC.

[Herbert2020]

I don't believe in the coin and don't see what all the hype is about.

Just stick to investments that you truly believe in and you will succeed.

In fact people investing in LTC are people believing BTC will crash

So yeah obviously it's a bad idea to invest in LTC xD
Especially when you see the amount exchanged! They're ridiculously low!!!

you are very mistaken my friend because there is no news nor any hype about LTC wanting to replace bitcoin. you are comparing LTC with shitcoins such as ethereum and dash that have always thrived on bashing bitcoin and claiming to be a replacement for it. and we all know none of these even come close to bitcoin.

and yeah the amount exchanged are ridiculously low. it was 702,000BTC=912,600,000 USD in the past month. so yeah it 912 million dollar traded only in poloniex and only in BTC/LTC market alone is ridiculously low.

[iamTom123]

$100 by december could really happen. If people start aknowledging that SegWit adds immense value to LTC, and if the scaling issue on BTC is not fixed by then, it could mean that plus-value to LTC.

I believe that this is the general sentiment of the market as regarding Litecoin. Its own future is now tied to the coming SegWit implementation as a form of an experimentation for Bitcoin. I am hoping that Litecoin can be coming off with flying colors on this development. I have some Litecoin and I would be happy to see its value rise to the peak.

[dennyd999]

SegWit come together with Lighting Network.

We could expect ATH. Because it is most important step in Bitcoin/Litecoin community in this year.

[BrainyNetwork]

Yeah I definitely see a new ATH for Litecoin. Maybe not right after SegWit gets activated, since it already gained a lot of value from the segwit news, so maybe the current price already includes this new (I still think it can reach $20 very soon). But later this year, SegWit and Lightning Networks will bring this plus-value to reality.

[tokeweed]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

[youdamushi]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Oh true.
You can't say the market of cryptos is really big and strong...
It's growing yeah but most people will never use crypto.
It means there is no real place for 2 equally competitive cryptos like there is room enough for dozens of fiat currencies

[BrainyNetwork]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

So BTC has to die for LTC to grow in price/use/popularity?

Why so?

If BTC never scales up, it can still be the most secure store of value network, so big transactions go there, and smaller transactions on LTC network, no?

[torjusg]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Oh true.
You can't say the market of cryptos is really big and strong...
It's growing yeah but most people will never use crypto.
It means there is no real place for 2 equally competitive cryptos like there is room enough for dozens of fiat currencies

There is a bit of lack of vision in what you are saying. Most people will probably use crypto without even knowing they are, because they will be so easy to use by the time of general market adoption that it will simply be like any other currency. And in a market situation of negative growth, which will happen because of resource depletion in the world, there is no way that common folk won't embrace currencies that are not closely tied up to their own countries hyperinflating markets. Simply look at how the price of gold and silver explodes in times of economic trouble. And gold and silver is way less liquid in our society than any cryptocurrency.

However, one coin is likely to become the new world coin. And because of their limits in technological design, I doubt either BTC or LTC will be the answer. They simply don't scale well enough to a market. I'm not talking only about number of possible transactions, but mostly because they don't scale their inflation based on volume and market growth. In a rapidly expanding market in either of this coins, the price of the coin thus rises rapidly, making consistent pricing of any product in the coin worthless as it will have to change constantly. It also encourages saving money instead of using them, in the hopes of future high prices.

And guess what, when people get used to using coins in a certain way over a lengthy period of time, they start using them as such. If it's not a currency to start with, it is very hard to turn people into using them even when the value of the coin has stabilised, because there is always the fear of missing out on the price growth.

There are various solutions one could implement here and still preserve market share. Proof of stake is one of them, but it needs to be combined with something that triggers increased inflation during times of extreme growth, to keep the coin usable as a currency, with relatively predictable prices, like seen with most fiat currencies. And there needs to be a moderating factor to the preservation of market share as well, to make sure the coin is falling just slightly in value and that people thus want to use it for commerce rather than a store of wealth.

Both LTC and BTC can as far as I see it, never become anything but a speculative asset and a store of wealth.

[adroitful_one]

$100 by December

That is too much. I think it is 20 to 30.

Last time Bitcoin was in this price range, Litecoin was sitting at $25-$30 if I remember correctly. So I would say you could expect to see Litecoin hit that price again pretty soon. But, there's really no telling.

[tokeweed]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Oh true.
You can't say the market of cryptos is really big and strong...
It's growing yeah but most people will never use crypto.
It means there is no real place for 2 equally competitive cryptos like there is room enough for dozens of fiat currencies

That's not a good comparison.  Fiat currencies aren't 'competing' for market share like cryptocurrencies do.  Bitcoin, Litecoin and the rest is a new asset class.  You may think they're currencies but do they really behave or are treated like one?  I'd say they're treated more like commodities.

So BTC has to die for LTC to grow in price/use/popularity?

Why so?

If BTC never scales up, it can still be the most secure store of value network, so big transactions go there, and smaller transactions on LTC network, no?

Sure, but will people really trade back and forth when they can have one cryptocurrency to do the job of both?  We are dealing with technology here not really the 'currency' per se.

[Sumo]

I don't understand all the selling with seg and coinbase around the corner. Everytime it starts to rise it just gets dumped to shit. Makes no sense. I'm starting to get the feeling that it all might be priced in and the whales are happy selling at this price point. I keep thinking maybe the miners were hoarding coins while the price was low to sell at a later time. Maybe this is contributing to it. Very frustrating to be a part of lol

[BrainyNetwork]

LTC new high, reached $18.10.
After holding dumps for many days now it should go well for another rise.

Edit: $18.70

Edit: $19.00

[youdamushi]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Oh true.
You can't say the market of cryptos is really big and strong...
It's growing yeah but most people will never use crypto.
It means there is no real place for 2 equally competitive cryptos like there is room enough for dozens of fiat currencies

That's not a good comparison.  Fiat currencies aren't 'competing' for market share like cryptocurrencies do.  Bitcoin, Litecoin and the rest is a new asset class.  You may think they're currencies but do they really behave or are treated like one?  I'd say they're treated more like commodities.

I see what you mean...
I still think my point is valid, there is not enough room for those currencies even if they don't compete in the same way than fiat currencies because they have a completely open market.

[BrainyNetwork]

I thought LTC would need some rest before breaking 0.015 but it did today. I guess we can expect another pump in the next days 

[g___]

LTC new high, reached $18.10.
After holding dumps for many days now it should go well for another rise.

Edit: $18.70

Edit: $19.00

edit: $25.10

[FOMOFish]

Is is not about Ltc eclipsing Bitcoins market cap or surpassing it as number one coin. They will rise together and have a mutually beneficial relationship. This goes for most alt coins with promising technology. This is an ecosystem not limited to one single coin just as the foreign exchange isnt limited to only the US dollar. When Btc is 100k, litecoin will be 10k.

[wheelz1200]

Is is not about Ltc eclipsing Bitcoins market cap or surpassing it as number one coin. They will rise together and have a mutually beneficial relationship. This goes for most alt coins with promising technology. This is an ecosystem not limited to one single coin just as the forein exchange isnt limited to only the US dollar. When Btc is 100k, litecoin will be 10k.

Quite ambitious, i would say 12 months if it could get to .03btc (not speculating where btc would be) that would be a very successful run for ltc.

[JessicaG]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Agreed.



Anyway, though BTC is my juice, the LTC I find most interesting to. What I am looking at, is how this coin is being approached; though these "oooh, SegWit" remarks and such make me chuckle a bit, it is interesting to see how in crypto world the LTC seems so get some traction lately...
In the first place, there was, and (still) is, this user-base of miners in support of the LTC, in the form of hash power; regarding non-Bitcoin related hash power, this has always been rather stable and impressive, compared to anything that sprouted after the LTC. Added to that, there's the adoption of LTC on coinbase, likewise the renewed ASIC's being spit out by several companies...

This certainly has my attention, on the potential potential of the LTC; price wise speaking, that is...