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Author Topic: I'm sad to say it but the Litecoin pipedream is over.  (Read 9591 times)
lonesoul
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September 26, 2013, 02:36:45 PM
 #101

Many of the arguments made on this thread about why LTC will die are the same arguments made a couple years ago about why BTC would die.  The fact is, the whole cryptocurrency market is still very young, and there is a lot of potential to carry this market upward.  Does anyone really think that in the years ahead the market will demand BTC and nothing else?  Look at the history of money, there were always multiple tiers of value.  Gold > silver > copper being the easiest to compare with.  So, in the years ahead, as cryptocurrencies move more and more mainstream, the market will demand a tier of valued currencies to deal in.  If BTC continues to move upward, as many of us believe, and becomes more mainstream, as many of us hope, it will appear to be too valuable for smaller transactions.  Back in the day, people did not spend gold on small transactions, that's what silver and copper coins were for.  In the future, I believe something similar will happen with crypto coins, where people will use BTC for their savings and large purchases, and smaller coins like LTC and who knows what else for everyday purchases.

Im glad you said that, I think you hit the nail on the head.

I seem to recall BTC having huge spikes then plummeting back to the ground - Just look at April, up to 260, then down to under 80 by July.... thats a more drastic drop that LTC has seen, yet wait for it! omg Bitcoin continues.

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BobMarley
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September 26, 2013, 02:45:41 PM
 #102

I dissagree with the op Ltc is simply on the decline

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September 26, 2013, 05:21:59 PM
 #103

Wow, can't remember the last time I saw LTC this low.  Undecided
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September 27, 2013, 04:49:42 PM
 #104

Thanks
wheatrich
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September 27, 2013, 06:13:41 PM
 #105

The history of money suggests there will only be one currency and everything else will be worthless.  Stores only take one currency.
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September 27, 2013, 06:19:29 PM
 #106

Stores only take one currency.

Most shops accept Eastern Caribbean Dollars and US dollars in St. Lucia. I presume they still do, I haven't been in ten years.

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September 27, 2013, 06:23:56 PM
 #107

Guys, LTC started to fall bad, don't know when it will stop.

Maybe it will recover after MT-Gox. Have patience. We might see an LTC < 1$.


Can you show where it has fallen "badly"Huh??

http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-usd&market=btc-e



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worldtreasurefinders
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September 27, 2013, 06:46:38 PM
 #108

The history of money suggests there will only be one currency and everything else will be worthless.  Stores only take one currency.

Wrong on so many levels.  Show us one example in the entire monetary history of the world where there was only one currency and everything else was worthless. 

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September 27, 2013, 07:33:25 PM
 #109

The history of money suggests there will only be one currency and everything else will be worthless.  Stores only take one currency.

Wrong on so many levels.  Show us one example in the entire monetary history of the world where there was only one currency and everything else was worthless. 

It won't be worthless - it will be in the 0.00x range like almost all other alt coins. So sell now...
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September 27, 2013, 07:52:05 PM
 #110

The LTC community should focus on litecoin being adopted by Bitpay and not MtGox - that is why it will hit bottom soon!

Bitpay (like Bitstamp I believe) is strongly against Litecoin. Not gonna happen unless LTC explodes first.

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September 27, 2013, 09:25:24 PM
 #111

The LTC community should focus on litecoin being adopted by Bitpay and not MtGox - that is why it will hit bottom soon!

Bitpay (like Bitstamp I believe) is strongly against Litecoin. Not gonna happen unless LTC explodes first.
Yes I am aware, just wanted to point out the kind of adoption LTC users should push for and not the speculative kind only.
I guess they will get what they deserve in the end..
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September 27, 2013, 10:16:38 PM
 #112

Coblee is on the coinbase team now, and it's his cryptocurrency.  I'm guessing it's only a matter of time before it hits there.

Everyone knows that PPC is going to explode before then, though, because PPC block reward is expected to dive below 50 with the introduction of ASICs.  Hence the recent shift in the market towards PPC.

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September 30, 2013, 03:50:01 PM
 #113

OMG LTC is up!!! GOX news!! HURRY

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September 30, 2013, 04:02:26 PM
 #114

stop dump them in to btc, they'll be fine
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September 30, 2013, 04:53:49 PM
 #115

http://www.cryptocoincharts.info/period-charts.php?period=6-months&resolution=day&pair=ltc-btc&market=btc-e

Do what you want, but I'm selling my LTC as soon as mine them.

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September 30, 2013, 05:58:16 PM
 #116

I think this thread is largely lost among those of us who are still trying to get used to LTC breaking the $.10 barrier Wink

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September 30, 2013, 06:46:45 PM
 #117

I'm not sure if that has been posted yet...

http://www.theverge.com/2013/9/26/4773902/shuttered-underground-drug-market-atlantis-ran-off-with-customers-money
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