litecoin dead ?

[mmitech]

Total trading volume has nothing to do with currency usefulness.

so litecoin does the same job that bitcoin does but faster, the same as my Visa card and Master card and the same as BMW and Mercedes....... got the point ?

Edit: and yea trading volume has a big influence on price, if not is the most important thing, this means that people trust that coin and believe in it, and this is all what matters, if there weren't me and you and users around this board who believed on BItcoin , bitcoin would be worth 0$

[1714755112]

1714755112

[DeathAndTaxes]

Nice graph (bookmarked).  I still don't believe LTC has enough advancement improvement to overcome BTC network effect but the graph does illustrate at least for the time being LTC is in a different category than the rest of the alt-coins.

Actually you could put it as 4 categories.

I) BTC

II) LTC

III) PPC, NVC, NMC, Worldcoin, Feathercoin.

IV) The hopeless pointless masses.

[Coinseeker]

Litecoin market cap just breached $100 million.  It was about $37 million on October 22nd. Thats what, 2 weeks ago?  Like it or not, supply and demand is what drives markets and $100 million market cap means the demand is real and that demand is building.  

[mmitech]

I will just add this, when both coins go more mainstream and get to our daily life, I would feel more conformable paying for coffee or a meal with Litecoins, I would buy my plane ticket and car, apartment... you know expensive transaction with Bitcoin.

I get the satoshis thing, but I would like to have an alternative , in this case it is called LTC

[mmitech]

Total trading volume has nothing to do with currency usefulness. One could setup machines to increase LTC total trading volume way above BTC
total trading volume but it would not affect the fact that LTC is pretty much useless right now. If something is useless but there is a chance that
something will become useful so you invest in that something than we are speaking about speculation, not true demand.

well BTC is still not that useful, but I believe in it, this is what real investor do, and you are wrong LTC is more useful than any other ALT out there, and there is a real big journey ahead of us to get to the public adoption that we want.

[bitcool]

I for one, in the very minority, believe in the possibility of 1:1 (not 4:1) price ratio between BTC and LTC. When cryptocurrency is widely adopted and  conversion between LTC and BTC is fully automated, they'll just become one: BLTC.  The current 50~100:1 ratio makes no sense.

I am not predicting this will happen with high confidence, but I am willing to pay good BTCBTCBTC for this possibility.

[Flashman]

Well I'll agree the current 50-100:1 makes no sense, but I hiiiiiiighly doubt it will go over 1:4.... there's some math needs to be done about the circulationary aspects compensating for number of issued coin so could end up being steady at 1:8 or so... but fer now, I think 1:20 would be supportable.

[DeathAndTaxes]

Like it or not, supply and demand is what drives markets

Well supply, demand, geed, fear, and momentum.

The sharp rallies and falls have more to do with geed and fear.  That applies equally to Bitcoin.

[Vlad2Vlad]

Like it or not, supply and demand is what drives markets

Well supply, demand, geed, fear, and momentum.

The sharp rallies and falls have more to do with geed and fear.  That applies equally to Bitcoin.

This is correct.  We're far beyond just supply and demand here.  Fear and greed will be major contributors.

And then also, since this is a fiat, velocity will greatly increase as the masses come in and more businesses accept the Bitcoin which will lead to a much higher turnover rate which in turn will push the price higher yet.

Lots of unseen forces at work for Bitcoin - this thing is just getting started.  That's why I said months ago it will blow past $1,000 within 12 months and next year we'll see 1 ounce of pure gold trade straight across for 1 Bitcoin.

I was called crazy and insane but now I think people are starting to see what I've been talking about.

[Lauda]

It is slowly dying.

[Vlad2Vlad]

It is slowly dying.

Bingo!

[Vlad2Vlad]

7 merge mined coins now with Bitcoin and not to mention a sky rocketing Bitcoin price.

I wonder how many new entrants or new buyers or hardware are gonna buy power hungry GPU's to mine a dying Litecoin all by itself (just 1 dying coin) or for the same amount of money buy an ASIC and mine a raging Bitcoin and along with the Bitcoin also get 7 other alt coins for free.

So 8 coins mining for even less electricity cost versus mining 1 shity scrypt coin with a power hungry GPU.

Anybody starting to see the inherent problem with LTC and Scrypt coins yet?  Or do we have to get to $1,000 BTC and 24 merge mined coins before even the sheep see it?

In my opinion, the Litecoin spike we're seeing now is nothing than a bull trap.  There's no way the smart money isn't seeing this.

There is no future for Litecoin or scrypt, it is DOA!

[Lauda]

It is slowly dying.

Bingo!

and we have a winner?

[Vlad2Vlad]

It is slowly dying.

Bingo!

and we have a winner?

Yes, yes, you're a winner but given Bitcoin is $300 we had to cancel all prizes.

lol.

[Lauda]

Yes, yes, you're a winner but given Bitcoin is $300 we had to cancel all prizes.

lol.

No, bitcoin is 292$.
You say bitcoin is 300$, and now we accuse you of being a scammer!

[Vlad2Vlad]

Yes, yes, you're a winner but given Bitcoin is $300 we had to cancel all prizes.

lol.

No, bitcoin is 292$.
You say bitcoin is 300$, and now we accuse you of being a scammer!

Lol.  Another "BINGO" for being a funny.

[Wekkel]

Naysayers a plenty, even with LTC soaring. Time will tell.

[Lauda]

Lol.  Another "BINGO" for being a funny.

Just my online sense of humor. Didn't people say using online stuff isn't safe?  


The market cap has quite increased, although it has increased for most currencies (top ones).

[Vlad2Vlad]

Lol.  Another "BINGO" for being a funny.

Just my online sense of humor. Didn't people say using online stuff isn't safe?  


The market cap has quite increased, although it has increased for most currencies (top ones).

Yeah, what were seeing is a dead cat bounce for alt coins.  Most had a 90% drop or more and even Litecoin had a 65% drop in like 2 weeks.  So naturally there's gonna be a bounce.

The real test will come after Bitcoin consolidates and then breaks through $300, which should happen in the next 30-45 days.

Then we'll see what happens but my guess is that alt coins, and especially scrypt will tank hard and fast with no floor underneath except the occasional dead cat bounce.

[tacotime]

Naysayers a plenty, even with LTC soaring. Time will tell.

They increase moreso when they haven't invested in LTC and the price growth outpaces BTC.