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Author Topic: The future of LTC  (Read 694 times)
Barntech (OP)
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June 05, 2013, 06:11:39 AM
 #1

What do people think is going to happen to the price of LTC?

I know that is a big question, but just wondering what the opinions out there are?

Do you think that once ASICs take over BTC mining and everyone points their GPU mining rigs at LTC, this will make the price go up?

And will MTGOX adding LTC cause the price to go up also?

Is it sane thinking to bank on the idea that GPU mining rigs will still be profitable post ASICs by putting them over to LTC mining instead?

Waddaya all reckon?

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RiseOfTH
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June 05, 2013, 08:21:47 AM
 #2

I am thinking to mine other coins if LTC goes to roof like DGC, PPC
Diabolicus
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June 05, 2013, 03:06:37 PM
 #3

So when exactly are we supposed to see LTC on MtGox?
GhanaGamboy
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June 05, 2013, 03:22:11 PM
 #4

Do you think that once ASICs take over BTC mining and everyone points their GPU mining rigs at LTC, this will make the price go up?

Shouldnt be first price rise followed by hash rise  Huh

I mean miners often choose most profitable coin and converting to BTC quickly. Or are there many loyal LTC believers who hold this coin?
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June 05, 2013, 03:48:13 PM
 #5

And will MTGOX adding LTC cause the price to go up also?

I believe it would rise a bit at least for short time, but will MTGOX add LTC ?
metacoin
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June 05, 2013, 04:00:15 PM
 #6

The dev team remains active, it seems like it is going places.

pin.org
Crindon
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June 05, 2013, 04:07:05 PM
 #7

The difficulty will go up for sure, but the rate against the USD and the rate against BTC won't go up high enough. The ASICs will pose a problem by pushing GPU miners over. See this thread for more:

https://bitcointalk.org/index.php?topic=219604.0
Barntech (OP)
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June 05, 2013, 04:33:27 PM
 #8

It does seem like there are loyal LTC believers out there who are hanging onto their LTC.

Interesting thread Crindon. Seems like the whole thing is going to end up with everyone chasing their tails to try to get profit however they can. The first wavers will do well and everyone else will chase along hoping to be there for the next turn in technology or new coin or whatever it might be. Guess i should try to get an asic asap!
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June 05, 2013, 05:02:17 PM
 #9

Guess the future of LTC is challenging.  With the new coins popping up it is hard to tell what is going to happening in the long run.
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June 05, 2013, 05:03:29 PM
 #10

I've never sold one of my precius ltc (well some at 0.04BTC), but you should not do this error

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June 05, 2013, 05:07:10 PM
 #11

it just comes down to which altcoin will be accepted after bitcoin. so yeah ltc should go up in value. but the question is, when?

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Barntech (OP)
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June 06, 2013, 04:17:39 AM
 #12

At this point it is hard to know which altcoin will rise. I guess LTC is the most promising being the second in line but then who knows? Shorter confirmation times are certainly a plus. Are there any other of the altcoins out there that offer more exciting actual points of difference that make them contenders? Most of them just seem like silly clones, though i must admit, i haven't read up on all of them, there are just too many!
hyperdallas
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June 06, 2013, 04:28:18 AM
 #13

tbh, you should just take the loss, and mine litecoin for a few months. Not like your gonna make anything reliable with btc with all theses ascis =(
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June 06, 2013, 04:56:22 AM
 #14

LTC had a bright future before ChinaCoin, FeatherCoin and tons of others copied it.

Lot of people hope that LTC will be added to MtGOX but I think that it will never be. Unfortunately. LTC is dead together with its clones. Please be noted that its clone looks as good as LTC. LTC can not stand it out. So it is dead.
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June 06, 2013, 04:58:30 AM
 #15

At this point it is hard to know which altcoin will rise. I guess LTC is the most promising being the second in line but then who knows? Shorter confirmation times are certainly a plus.

Shorter confirmation times can be a bug, not a feature. It can be less secure (i.e double spending)
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