Good bye LTC?

[sterob]

What do you think? Why is LTC dying?

fear monger like you success in scaring people?

I dont`want to scare the people, im just asking why is dying.

Then why would you put a big 'dying' 'good bye' in your post instead of 'price decrease' 'skeptical' ?

Cause i want or know i have to ask for permission to put a tittle?

My question is rhetorical. Your posts reeked of sensational words used by sensational newspaper to orchestrate false hype in order to reap financial gain.  

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[bizz]

What do you think? Why is LTC dying?

[Kryptox]

Did you not click that link i posted?
Its only because there is far less BTB and NVC thats why the price is higher.
If there was the same amount as LTC they would be worth far less.

Your not comparing apples with apples.

+1

These graph means nothing (at least not if you interpret them alone)

LTC is not dying some people are just diverting and loosing their money by investing into Porncoin , hypercoin , feathercoin or whatever shitcoin they believe will make them rich instantly.

Some people eventually get rich but they are only a handfull and I am pretty sure this handfull of people is now either buying BTC, or LTC.

Some other people (like , perhaps the author of this topic) are hoping the price will crash a little bit more (and trying to make it so) to buy a little more...This might eventually happen, or maybe not.

I agree.  A lot of money got tied up and/or lost on the Litecoin copies that are being released every day hence reducing trade volume on LTC.  From looking at trade volumes (or rather no trade volume) on cryptsy and bter, you can see that people are starting to realize they're going nowhere.

A LOT of money got wiped off the market by all the people that are stuck with their feathercoins and chinacoins that will probably never sell.

I have a feeling we will see things normalize very soon and begin to see Litecoins resume their uptrend.  That's my thought, but then again I'm also a holder of LTC.

[jimoc]

I'm holding onto my one LTC until its where Bitcoin is now and Bitcoins are worth about 2000 dollars.
I'm in it for the long haul people

[FuzzyBear]

https://www.youtube.com/watch?v=ojydNb3Lrrs

So long LTC and thanks for all the fish!!

[ictin]

Did you not click that link i posted?
Its only because there is far less BTB and NVC thats why the price is higher.
If there was the same amount as LTC they would be worth far less.

Your not comparing apples with apples.

+1

These graph means nothing (at least not if you interpret them alone)

LTC is not dying some people are just diverting and loosing their money by investing into Porncoin , hypercoin , feathercoin or whatever shitcoin they believe will make them rich instantly.

Some people eventually get rich but they are only a handfull and I am pretty sure this handfull of people is now either buying BTC, or LTC.

Some other people (like , perhaps the author of this topic) are hoping the price will crash a little bit more (and trying to make it so) to buy a little more...This might eventually happen, or maybe not.

You think there are all speculators like you, but im just asking cause i was out of the cryptocurrencys for weeks and i don´t know why the LTC price went so down...

And how many weeks you where out? Because in april the price was at 2.5$, and so now is higher than then. And this year where 2 spikes, one in march and one in the beginning of may, and at the beginning of the year was under 1$. So why the panic that is dying and title like "good bye LTC?" after a small fluctuation? And this considering that the LTC team has enlisted a few new developers.

Considering this, i can safely consider the title and the topic an attempt to spread panic and to lower the price of LTC.

[BrewCrewFan]

its been said that the LTC prices were a bit high. Maybe its coming back to earth a little bit

[e521]

Considering this, i can safely consider the title and the topic an attempt to spread panic and to lower the price of LTC.

its been said that the LTC prices were a bit high. Maybe its coming back to earth a little bit

And how do you measure the "price" again? What about BTC? Is it at the "right price"?
This forum attracts so many economists and market researchers, it's unbelievable

[mr_random]

Last month the price was $2.5 for a while.

Besides Bitcoin was equally volatile in it's early days.

[ManBearPig]

One simple reason, several answers:

* The price crossed down through the difficulty.



* Mining LTC is now less profitable than BTC and barely covers electricity let alone hardware costs.

* ASICs can mine BTC much more efficiently.

* LTC's rise coincided with its peak as a vehicle for GPU mining.

Fortunately I mined a BTC's worth and sold my 2nd 7950 at a profit - I think I was very lucky! Just look at the flood of high-end GFX cards on the marketplace.

[pekv2]

People are starting to understand there is no use for litecoin. It offers no innovation over bitcoin.

What do you mean? I will have to disagree with you. http://cablesaurus.com/

[TheGovernedSelf]

good time to buy imo... only time will tell though...

Seems like NVC is going to be the second hard coin behind the BTC.

"Novacoin has no hard cap except for the 2 billion coin max that has been entered for coding purposes; this can be lifted in the future if needed."

So how the hell is it trading 50% higher than LTC, which has a maximum supply of 84 million?

And how do you measure the "price" again? What about BTC? Is it at the "right price"?

At 1/4 the price of BTC, since it has 4 times the supply...in theory. This assumes that demand for LTC is identical to BTC, which clearly it is not.

This forum attracts so many economists and market researchers, it's unbelievable

You secretly love it.

[TheSwede75]

good time to buy imo... only time will tell though...

Seems like NVC is going to be the second hard coin behind the BTC.

If you can give a single reason for NVC becoming 'nr2' other then your personal opinion that would prob be useful. I personally think the early pre-mine stigma and the lack of adoption vs. LTC makes this exceptionally unlikely.

[TheSwede75]

One simple reason, several answers:

* The price crossed down through the difficulty.



* Mining LTC is now less profitable than BTC and barely covers electricity let alone hardware costs.

* ASICs can mine BTC much more efficiently.

* LTC's rise coincided with its peak as a vehicle for GPU mining.

Fortunately I mined a BTC's worth and sold my 2nd 7950 at a profit - I think I was very lucky! Just look at the flood of high-end GFX cards on the marketplace.

I agree with these statements. The only REAL reason for LTC's 'success' (or any Scrypt coin for that matter) has to do with the dynamics of the mining community. Miners simply 'hold' coin at a certain value based on break even for GPU equipment. When it falls below profitability far enough the crash only accelerates as miners move away from the network.

[ictin]

"Novacoin has no hard cap except for the 2 billion coin max that has been entered for coding purposes; this can be lifted in the future if needed."

So how the hell is it trading 50% higher than LTC, which has a maximum supply of 84 million?

This is irrelevant. What matter is how much money can 1 person do in one day with a fixed kh/s.
For example with 600 kh/s, at the current difficulty, you can make $3.22 with bitcoin, $3.07 with novacoin and $2.84 with litecoin. Yes, now it seems that is more profitable to mine novacoin, and if the miners will switch from litecoin to novacoin, then the hashrate will drop for litecoin, adn the dollars / day will increase. And this is all that matter at one point, the dollars / days

[seocrow]

Its gone down because some troll posted on the Litecoin Forums that MtGox wouldn't be accepting LTC currency.
This is for the benefit of someone who is now stockpiling LTC at the lower price before it bounces back.

[syn999]

how do people make money?

think wisely and buy when everyone else panic and dumps

[nprussell]

how do people make money?

think wisely and buy when everyone else panic and dumps

Wow, a sensible response.

Why is LTC crashing at the moment? Simple.

Its value rocketed up along with Bitcoin's a couple of months ago, and since then, a lot of people have bought in to what was Gox rumour at the time. After Gox announced that they would be implementing LTC in the future on an official press release, rumours started flying around that Gox weren't ever going to implement LTC.

So what have we learned? People are more interested in baseless rumour and speculation than facts and official announcements. That's frightening in itself.

I view this (if not today, when it levels out) as the perfect time to buy LTC. LTC is not dead, it's just getting started.

[bitbitcoincoin]

People are starting to understand there is no use for litecoin. It offers no innovation over bitcoin.

What do you mean? I will have to disagree with you. http://cablesaurus.com/

Sorry a small handful of online retailers does not a useful currency make.

I know there are plenty of proponents(early adopters) for LTC on this board, but as someone who took a break following crypto during it's inception and came back later I really don't see what's innovative about it at all from a non "miner profit" based perspective.

It's asic proof, great so asic miners will never care about it.  It's "faster" than bitcoin, but not fast enough to make a big difference especially compared to the nearly instant speed of the recent alt clones.  It's main saving grace is it was one of the first scrypt coins so it was adopted by tons of GPU miners looking to avoid the upcoming ASIC mining wave in Bitcoins.  I just don't see that being enough to keep it afloat when every day new scrypt coins come out that offer improvements, especially when it doesn't have the name recognition and community/retailer support of Bitcoin.

[crazy_rabbit]

how do people make money?

think wisely and buy when everyone else panic and dumps

Common sense is not tolerated here sir, please refrain from future post of this nature!


~BCX~

Oh hey you're back!