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qiuness
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June 01, 2013, 04:52:43 PM |
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GPU miners leave BTC and go to LTC. the LTC community gets larger. more services created for it. the price goes up.
this! |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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CLains
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June 01, 2013, 05:37:34 PM |
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Isn't the underlying question here really whether the BEST or the FIRST coin will succeed? I have been thinking a lot about the relation between Best versus First. Coca Cola and Pepsi Cola dates back over a hundred years. What part does First and Best play in this legend, and how does First co-relate to Best? Pepsi went bankrupt twice. http://www.businessinsider.com/soda-wars-coca-cola-pepsi-history-infographic-2011-11?op=1 Anyone know if there were any others in the early days beside Pepsi Cola that were competing with Coca Cola? |
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Dacm4n
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June 01, 2013, 06:24:40 PM |
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I decided to sell all my litecoins a week ago because I thought the price would continue to sink a bit lower and it has. I mostly bought them for the Gox rumor but with all the problems there facing now it's looking like they won't add it for a few more months. And when they do who knows how many users will still be trading on there site.
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hathmill
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June 01, 2013, 06:49:46 PM |
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http://forum.litecoin.net/index.php/topic,4008.msg28501.html#msg28501 I predicted boththe ltcbtc drop and threads like these. People trading cryptocoins are super predictable. Its much, much easier then the forex market. Please for your own sake, if your not a trader consider thar onn the other side of the trade is someone likely eating your lunch. Especially so if you do short term trading.  hello fellow forex trader ... only thing I'm missing here is leverage...and pips...  Pips ftw!  . Im curious, do you alsoo find cryptocoin simple to trade compared to, say, eurusd? I find that there is almost no whipsawingg and patterns actually play out the way u think time n time again. Even the fundamentals are easy I think. What do you think? |
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Dervana
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Activity: 112
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June 01, 2013, 06:53:10 PM |
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I decided to sell all my litecoins a week ago because I thought the price would continue to sink a bit lower and it has. I mostly bought them for the Gox rumor but with all the problems there facing now it's looking like they won't add it for a few more months. And when they do who knows how many users will still be trading on there site.
Problems? Don't they have to just file some paperwork to resume business as usual in the states? |
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smoothie
Legendary
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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June 01, 2013, 06:58:14 PM |
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What do you think? Why is LTC dying?
You base your question on price. Price =/= life or death. Unless there is not traded value then it might be considered dead. I look at the network for vital statistics of "life". |
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hate_the_face
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June 01, 2013, 09:03:30 PM |
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you guys are forgetting that with the release of Atlantis Marketplace there is now an actual place to spend litecoins on besides gambling
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bbxx
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June 01, 2013, 09:08:45 PM |
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GPU miners leave BTC and go to LTC. the LTC community gets larger. more services created for it. the price goes up.
GPU miners will mine ltc more then ever. (but looking and 86% rate to bitcoin, 20% more power and noise to hash and exchange fees, transfer it is like 65% now) supply/demand price will fall gpu will be sold at 40% value in 2 months from now sad but true |
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Luckybit
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June 01, 2013, 09:09:48 PM |
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What do you think? Why is LTC dying?
It's not dying. It has over 50 million market cap. |
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bbxx
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June 01, 2013, 09:46:05 PM |
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What do you think? Why is LTC dying?
It's not dying. It has over 50 million market cap. ftc has huge market cap too. and died due to prof. below 100% same schema there |
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CoinHoarder
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Activity: 1484
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In Cryptocoins I Trust
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June 01, 2013, 10:06:11 PM |
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Yea, Litecoin is dying... it's only gone up 4000% the past 7 months. What a crappy ROI....  |
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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June 01, 2013, 10:09:10 PM |
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LTC is old. BTC is older. Once upon a time Duke Nukem used to be THE game to play. What was popular last week is often superseded by something better.
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anderl
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June 01, 2013, 10:11:39 PM |
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if anyone has noticed most coin prices float around btc price or they get dumped to drastically below it until their difficulty lowers from lack of mining.
So what makes people think that litecoin price will surpass bitcoin. people still don't treat it like a real currency. most miners still trade it for btc. it used to be worth more when people were trading their crap coins for ltc but a lot of the exchanges converted straight to btc so ltc was cut out as the middle man.
So where is it going? BTC is getting a massive difficulty jump very soon. its going to cripple gpu mining. not kill it but people are going to get half the profits they used to get. does that mean that ltc miners will just accept half the profit for mining ltc?
what happens when you cant gpu min btc at all and you are locked out because of the asics. all that is left are scrypt coins. and where is the scrypt coin community?
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RandyMagnum
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June 01, 2013, 10:40:17 PM |
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Yesterday, there was a nice little interview with Charles Lee (coblee) about what LTC is, its origins, the team structure to some degree, 1st and 3rd party development, and the future. Some topics are rather shallowly explored, but it's nice to glean a little bit of dev mentality surrounding the coin. This was mildly encouraging, imo, rather than being left in the dark to think that devs have put baby in the corner. Nobody puts baby in a corner! sry... Interview starts around 48m in and ends at 1hr8m. https://soundcloud.com/mindtomatter/e12-you-get-my-bitmessage-lets |
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relm9
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June 01, 2013, 11:29:15 PM |
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LTC is old. BTC is older. Once upon a time Duke Nukem used to be THE game to play. What was popular last week is often superseded by something better.
Comparing crypto-currency to gaming really  Adoption is what drives these coins, just because they are old means nothing and it's not like improvements can't be worked in. |
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KarmaShark
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June 02, 2013, 04:49:08 AM |
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You are taking a huge risk not holding LTC into the summer with Gox slowly getting it's act together.
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MinerLT
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June 03, 2013, 09:00:20 AM |
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difficulty going up price down  really bad days for miners |
Success doesn't come to you…you go to it
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bitcoiners
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June 03, 2013, 09:17:10 AM |
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difficulty going up price down really bad days for miners Time to wake up and realise LTC is special no more. Hey Guy, Good luck with your cafepress site but who the hell are you? Oh, that's right, you're a nobody. Have fun being a loser, Cheers |
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Lohoris
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June 03, 2013, 09:45:38 AM |
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Not looking too good for LTC
The only thing new or interesting about it was that it used a different hash algorithm. So, if that adds value, why is YAC not trading at .025 BTC ?
To make matters worse, the LTC code base has fallen behind BTC's and developers are asking for donations to try to catch up.
At this point, I think the argument can be made that LTC serves no worthwhile purpose and should be trading at DGC or WDC levels.
DGC and WDC are both "faster" than LTC, by the same metric that LTC uses to say it is faster than BTC, and both DGC and WDC are good coins with excellent support networks
Also, let's not accept the argument that LTC is anything original. It was a copy/paste of the BTC source code with a new hashing algorithm. Little else was added. Comparable to a YAC
As said before Litecoin is dying because it offers 0 advantage over bitcoin. Except it is accepted at fewer places and even more risky. Don't waste your money. All of these altcoins will be dead within a year.
Only an altcoin that offers something significantly different and better than bitcoin has a chance of surviving.
+1, and +1 exactly my thought. |
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e521
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June 03, 2013, 09:51:31 AM |
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Not looking too good for LTC
The only thing new or interesting about it was that it used a different hash algorithm. So, if that adds value, why is YAC not trading at .025 BTC ?
To make matters worse, the LTC code base has fallen behind BTC's and developers are asking for donations to try to catch up.
At this point, I think the argument can be made that LTC serves no worthwhile purpose and should be trading at DGC or WDC levels.
DGC and WDC are both "faster" than LTC, by the same metric that LTC uses to say it is faster than BTC, and both DGC and WDC are good coins with excellent support networks
Also, let's not accept the argument that LTC is anything original. It was a copy/paste of the BTC source code with a new hashing algorithm. Little else was added. Comparable to a YAC
+1 exactly my thought. DGC and WDC have not a support networks, look at difficulty going up and down based on profitability, the network doesn't really grow. Also, DGC and WDC are LTC clones so if you are saying LTC is no good because it is a BTC clone your argument is, again, pointless. |
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