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May 30, 2013, 07:26:39 AM |
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There will be a further price fall, if only because the supply will increase (yes, I know it's mined at a constant rate, but there will potentially be more miners who would sell immediately rather than hold).
Everything depends on the market and if LTC can be spent for something meaningful (and not shady). The same applies to BTC, btw.
A small digression: shady is fine, up to a certain proportion. For that matter, dollars is the currency for shady dealings. Drugs, weapons, trafficking, removal of legitimate middle-eastern governments are all financed by dollars (and, to a lesser extent, by Euros).
So, if LTC price was falling, I would not be too alarmed, if the LTC-based market gets a chance to establish itself. If not, then yes, this is the end of LTC.
PS: Currently its mining profitability is 94% of BTC.
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