Why the loss of confidence in litecoin?

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Don't know about you, but my incoming transactions for both BTC and LTC arrive in seconds.

God I dislike PHP.  

Ok, what I meant is a certain number of confirmations time.

You hate PHP, must be a perl hardcore type ) But most forums these days run on PHP, like this one, same is true for many other web apps. It's just your personal grudge, which has nothing to do with the objective reality

It's not a grudge, just my opinion/view. For example, try using a standard unsigned integer in PHP. Arrrgghhh.

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[Morbid]

i had a dream last night that LTC went up 8 USD in like one day.

[Buffer Overflow]

i had a dream last night that LTC went up 8 USD in like one day.

Yes it was a dream.

[nobbynobbynoob]

i had a dream last night that LTC went up 8 USD in like one day.

Yes it was a dream.

But reality soon, say, after Gox adoption?

[Wolf Rainer]

i had a dream last night that LTC went up 8 USD in like one day.

Yes it was a dream.

But reality soon, say, after Gox adoption?

Gox will never adopt Litecoin, it was a manipulation of the market, saying to for sell litecoins for high and then buying low when the time past, and then again says to adopt it one and another time the same manipulation.

[reb0rn21]

i had a dream last night that LTC went up 8 USD in like one day.

Yes it was a dream.

But reality soon, say, after Gox adoption?

Gox will never adopt Litecoin, it was a manipulation of the market, saying to for sell litecoins for high and then buying low when the time past, and then again says to adopt it one and another time the same manipulation.

So you say Mark K. is trading LTC at BTC-e are you sane? and doing market manipulation to earn few dimes at BTC-e?

[Buffer Overflow]

i had a dream last night that LTC went up 8 USD in like one day.

Yes it was a dream.

But reality soon, say, after Gox adoption?

I have my doubts if Gox will even exist a year from now.

[Notanon]

There are a few more sites popping up that allow for the direct purchase of Litecoins with fiat, so the reliance on Gox is for the ignorant, IMO.

[Radelderth]

There are a few more sites popping up that allow for the direct purchase of Litecoins with fiat, so the reliance on Gox is for the ignorant, IMO.

But gox is still the most famous for litecoin for some reason... the price jump so much just from gox news...

[NewLiberty]

There are a few more sites popping up that allow for the direct purchase of Litecoins with fiat, so the reliance on Gox is for the ignorant, IMO.

CoinMKT.com, for example.

[Flashman]

Maybe it's a hope train for saving gox 

[NewLiberty]

Or Kraken.

And yet, no one seems to care - it's not like it's hard to get LTC for BTC when you have BTC from fiat anyway.

That's why the "Mt.Gox will adopt litecoin" hope train is pretty much irrelevant.

Kraken is non-US, correct?  So Kraken for EU and CoinMKT.com for US?

[laowai80]

Litecoin to rise above 4 USD before Dec 25th

Let's see where the confidence is.
That would roughly mean 0.02 per BTC at 200 USD, or 0.018 for current price.

Litecoin is bound to appreciate relative to bitcoin, makes no sense that it's 75x cheaper now.

[laowai80]

And, once again, missing the WHY.
Hope and endless repeating does not make it happen.

Oh, I am sorry. Well, my point is litecoin is only 4 times 'worse' than bitcoin (max coin cap) and comparable in other aspects. The only advantage of bitcoin is it being a pioneer of cryptocurrencies and more initial user base, but that can grow for both bitcoin and litecoin with time. This advantage of bitcoin may be somewhat counterbalanced by litecoin's faster confirmations time and human psychology where bitcoin can be priced out of reach by common folks while litecoin can still be affordable for a while.

I know that bitcoin is divisible and such, but owning just a fraction of bitcoin and being unable to buy at least 1 full BTC once its price has sky-rocketed makes it less attractive (a person can feel like a loser being able to afford only a 0.1 BTC) and makes alt cryptos more attactive and the first cadidate among them is LTC. And even if LTC can't be 1:4 of LTC per technical design, 1:10 is reachable in the future, where as 75x cheaper to bitcoin is crazy in my very honest and thouroughly thought through opinion, which I am going to stick to until proven by time otherwise.

[Morbid]

And, once again, missing the WHY.
Hope and endless repeating does not make it happen.

Oh, I am sorry. Well, my point is litecoin is only 4 times 'worse' than bitcoin (max coin cap) and comparable in other aspects. The only advantage of bitcoin is it being a pioneer of cryptocurrencies and more initial user base, but that can grow for both bitcoin and litecoin with time. This advantage of bitcoin may be somewhat counterbalanced by litecoin's faster confirmations time and human psychology where bitcoin can be priced out of reach by common folks while litecoin can still be affordable for a while.

I know that bitcoin is divisible and such, but owning just a fraction of bitcoin and being unable to buy at least 1 full BTC once its price has sky-rocketed makes it less attractive (a person can feel like a loser being able to afford only a 0.1 BTC) and makes alt cryptos more attactive and the first cadidate among them is LTC. And even if LTC can't be 1:4 of LTC per technical design, 1:10 is reachable in the future, where as 75x cheaper to bitcoin is crazy in my very honest and thouroughly thought through opinion, which I am going to stick to until proven by time otherwise.

i agree. its only us are able to understand technical differences between altcoins. the masses will only have to google 'alternative to bitcoin' and they will discover litecoin as the second biggest with powerful enough network. so it will be a no brainer for the masses to invest into litecoin suddenly once the signs of usd plummeting will become evident. all we need now is alternative to localbitcoins.com for litecoin and just wait for demand.

[laowai80]

And one more. Computer users know the importance of backing up data. Data is precious. If data is only available on one physical device - that's a single point of failure. Hard drives do crash from time to time with data rendered unrecoverable. So, backups are exteremely important. I am sure everyone has ever lost some of their data and feeling bad about it. Did I mention backups are important? Oh yes, I guess I did.

So, not to beat around the bush here. Litecoin (and other alt coins in lesser extent at this time, but may be more in the future) is a backup of bitcoin. If (knock on wood here) something happens to BTC network, LTC can take over and be a backup network and payment mechanism to rely on while BTC network is being repaired, etc. Backups are important, what more can I say.

[MelodyRowell]

Its going to hit $10 in no time...... when Gox announce something...

[laowai80]

Its going to hit $10 in no time...... when Gox announce something...

It will hit that without Gox if bitcoin keeps making progress. Other exchanges have offered LTC for a long time.

[NewLiberty]

And, once again, missing the WHY.
Hope and endless repeating does not make it happen.

Oh, I am sorry. Well, my point is litecoin is only 4 times 'worse' than bitcoin (max coin cap) and comparable in other aspects. The only advantage of bitcoin is it being a pioneer of cryptocurrencies and more initial user base, but that can grow for both bitcoin and litecoin with time. This advantage of bitcoin may be somewhat counterbalanced by litecoin's faster confirmations time and human psychology where bitcoin can be priced out of reach by common folks while litecoin can still be affordable for a while.

I know that bitcoin is divisible and such, but owning just a fraction of bitcoin and being unable to buy at least 1 full BTC once its price has sky-rocketed makes it less attractive (a person can feel like a loser being able to afford only a 0.1 BTC) and makes alt cryptos more attactive and the first cadidate among them is LTC. And even if LTC can't be 1:4 of LTC per technical design, 1:10 is reachable in the future, where as 75x cheaper to bitcoin is crazy in my very honest and thouroughly thought through opinion, which I am going to stick to until proven by time otherwise.

i agree. its only us are able to understand technical differences between altcoins. the masses will only have to google 'alternative to bitcoin' and they will discover litecoin as the second biggest with powerful enough network. so it will be a no brainer for the masses to invest into litecoin suddenly once the signs of usd plummeting will become evident. all we need now is alternative to localbitcoins.com for litecoin and just wait for demand.

And a marketplace in which to spend them.

[coincepts]

the spread of alternative crypto currencies has been a factor as well.