Is anyone still holding LITECOIN? (LTC)

[melarina]

Not sure where you get those numbers lol, but the continuous doge hashrate is definitely not that high.  Doge has around 1/3 the network strength of LTC.

Where have you been? DOGE and LTC have had roughly the same hashrate for the past three weeks. See for yourself: http://bitinfocharts.com/comparison/hashrate-ltc-doge.html

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[phzi]

Not sure where you get those numbers lol, but the continuous doge hashrate is definitely not that high.  Doge has around 1/3 the network strength of LTC.

Where have you been? DOGE and LTC have had roughly the same hashrate for the past three weeks. See for yourself: http://bitinfocharts.com/comparison/hashrate-ltc-doge.html

The key was 'continuous' hashrate. A huge chunk of doge's hashrate comes from auto-switchers that are only mining on probably 30% of doge blocks.  This would be at least 30GH/s.  When the block reward halving comes soon, all that hashing power will stop targeting doge.  Compare that to LTC which goes thru much smaller variance and over much longer time periods. Doge is a joke, albeit a profitable one for the time being until interest dies off.

Doge halving comes in about 3k blocks... AKA 50hr from now.

[FreePls]

why do you think litecoin will rise again and have any future?

it is SLOW as HELL, it gets killed as soon as asic miners for scrypt are out  and its a real boring coin..

the only reason why alot people hold litecoins is because they bought for $20-40 and don't want sell it now for <$20, or they are prisoners of scientology and believe in a x20 rise 

[anderl]

why do you think litecoin will rise again and have any future?

it is SLOW as HELL, it gets killed as soon as asic miners for scrypt are out  and its a real boring coin..

the only reason why alot people hold litecoins is because they bought for $20-40 and don't want sell it now for <$20, or they are prisoners of scientology and believe in a x20 rise 

This is awesome!!!! These arguments were exactly what LTC advocates would post about bitcoin a year ago.  Too funny.  ROFL!!!

[Dafar]

why do you think litecoin will rise again and have any future?

it is SLOW as HELL, it gets killed as soon as asic miners for scrypt are out  and its a real boring coin..

the only reason why alot people hold litecoins is because they bought for $20-40 and don't want sell it now for <$20, or they are prisoners of scientology and believe in a x20 rise 

This is what I've been starting to think too. It's not like LTC has features that surpass other alt coins. And more importantly I'm not hearing anything about the dev involvement, for all I know they may ditched the coin.

[TreasureSeeker]

why do you think litecoin will rise again and have any future?

it is SLOW as HELL, it gets killed as soon as asic miners for scrypt are out  and its a real boring coin..

the only reason why alot people hold litecoins is because they bought for $20-40 and don't want sell it now for <$20, or they are prisoners of scientology and believe in a x20 rise 

This is what I've been starting to think too. It's not like LTC has features that surpass other alt coins. And more importantly I'm not hearing anything about the dev involvement, for all I know they may ditched the coin.

Coblee, the creator of Litecoin, was at one of the big New York hearings just a couple of weeks ago. Litecoin is currently more traded than Bitcoin, having almost twice the trading volume according to http://www.cryptocoincharts.info/v2/coins/info

Litecoin has a huge community at https://litecointalk.org/ 



 

[melarina]

The key was 'continuous' hashrate. A huge chunk of doge's hashrate comes from auto-switchers that are only mining on probably 30% of doge blocks.  

The numbers on bitinfocharts are 24hr averages. They take into account fluctuations in hash rate between individual blocks.

Doge is a joke, albeit a profitable one for the time being until interest dies off.

Maybe the fact that it doesn't take itself quite as seriously as most other altcoins is one of the reasons it's been so successful

[johnerps]

i bought in to ltc @ 2.00 and still hold

[cryptohunter]

i bought in to ltc @ 2.00 and still hold

i sold a lot of mine at 9.90.... still sad. It cuts both ways. Still waiting for it to come down lol

[Carterwyang]

I hold 7100 LTC.  These panicking posts happen every time there is a crash.  I remember when LTC went from 2.50 to 1.70 and people thought it was the end of the world regretting holding LTC thinking it was going to a dime again.

7100 ltc?? i'm trying to get 1 4 weeks now, but my dumb ass i3 is too slow to get me any, I would ask for a small donation but....

[Damnsammit]

Not sure where you get those numbers lol, but the continuous doge hashrate is definitely not that high.  Doge has around 1/3 the network strength of LTC.

Where have you been? DOGE and LTC have had roughly the same hashrate for the past three weeks. See for yourself: http://bitinfocharts.com/comparison/hashrate-ltc-doge.html

Yeah, I don't know what you're smoking, but DOGE hashrate is around the same as LTC's, and spikes higher a lot.

With all of the alt-coin auto-profit changing pools that shouldn't surprise anyone. 

I still see LTC as more of a long-term contender than DOGE, but I might be wrong... as such I am considering adding DOGE to my portfolio.

[devphp]

Personally I converted all my LTC to DOGE.

Technically (scrypt algo) both are the same, but DOGE has 2 big advantages: a) fast growing community with a friendly attitude towards newbies, resulting in a credible and friendly face of DOGE crypto to an average joe user; b) large number of coins, which makes users of DOGE spend them easier than LTC, which in turn puts DOGEs into the hands of even more users, who generate more useful services and websites that accept DOGEs and this cycle repeats again and again, as a result community on reddit will soon reach the number of bitcoin reddit users.

One thing you should keep in mind, in 2014 cryptos' development and adoption rate is becoming X times faster, what took 2-3 years for LTC to develop in terms of network and community DOGE did in 2-3 months.

5% inflation rate after all 100 bln DOGEs are mined is nothing, because adoption rate can generate too much demand to care about that modest inflation. Just look at the price appreciation now, when DOGE has 5% a week inflation rate! Besides, if you check the inflation rates for LTC and BTC for the next few years, those are comparable to DOGE.

LTC was a buying opportunity while the going was good back in October-November, but now DOGE is the new scrypt coin in terms of maximum appreciation potential. DOGE could be replaced by something else, who knows, can't predict anything in cryptos for more than a few weeks, months at most, just look at what happened to BTC in the past week with all the FUD going on, can't make plans for years, it's all new technology and leaders become losers very quickly.

Oh, and emotional attachment to any investment leads to losses. So if you hold an investment and it has lost 50%, it's time to re-assess your initial decision to invest in it.