Is LTC dead?

[BitcoinSteve]

I got one for like $35 on ebay a couple weeks ago, seems its only worth around $18, should I sell or trade it or just hold on? Im starting to believe only BTC has the true potential, seems a lot of these altcoins wont make it? Thoughts?

[jonanon]

Hold on to it, you should always have the long game in mind when it comes to crypto.

[BitcoinSteve]

Hold on to it, you should always have the long game in mind when it comes to crypto.

k thanks, got 125 quarks and 25k eac also... along with my .65 btc guess I will sit for a while...

[Voogru]

Hold on to it, you should always have the long game in mind when it comes to crypto.

k thanks, got 125 quarks and 25k eac also... along with my .65 btc guess I will sit for a while...

Quarks are a pump-and-dump, 98% of the money supply was mined in 6 months. Just FYI.

[BTCisthefuture]

I got one for like $35 on ebay a couple weeks ago, seems its only worth around $18, should I sell or trade it or just hold on? Im starting to believe only BTC has the true potential, seems a lot of these altcoins wont make it? Thoughts?

The same thing has happened with the price of bitcoin though as well.... so in that regard whats the difference.  The drop in value or rise in value might not be exactly the same but they are still pretty dang close.

Here's my take on alt coins though. Even though Bitcoin is still very speculative imo there is a least some valid reasons for more people jumping on board such as more and more merchants lining up to accept it, more and more VC's pouring money into start ups and infastructure, and it becoming easier and easier for regular people to use.  With altcoins thats not the case so you could argue that altcoins are waaaaay more speculative than bitcoin. I person dont know of merchants lining up to accept altcoins as payments.   If someone asked what had more potential in coming a "big" thing I would say bitcoin certainly is leading the pack, but also it's hard to predict the future.

I think one major benefit in altcoins would be if something really bad happened to bitcoin la lot of people would instantly fall back on altcoins and that would be good for them would be good for them.  In the case of something like litecoin I think it's worth noting that both the creator of ltc and his brother are both heavily involved (in one case the ceo) of two of the largest bitcoin related companies/exchanges in the world right now. Because of their vested interest in lightcoin and their connections/power in the crypto currency would you could certainly assume they will have a valid reason and an ability to push something like litecoin a lot harder in the coming years.

As far as weither you should "invest" something. That's totally your choice and only you can answer that. I don't know your finincal situation but typicaly if you buy something and only a week later you're thinking about selling it you either 1) invested more money than you were willing to actually lose  or 2) you were looking for a quick buck and not really thinking about long term potential.

In my case I own some LTC.  When I made the purchase I asked myself "If I had this money in my pocket today and it fell out of my pocket would impact my life or cause a lot of stress for me aside for being angry/sad for a few hours that I lost it".  When the answer was no I went ahead and purchased those LTC and in all honestly I haven't even checked the value of LTC since then and wouldn't even begin to think about it until decades down the road. In my mind that money is already spent and gone and i'm not worried about it regardless of the outcome.

Hope that gives some helpful insight, just my personal views and by no means am I an expert or anything.

[jubalix]

your kidding right, LTC, was a 0.005 btc earlier this year in feb I think, so about 16 cents, you need to look at the whole time line.

BTC, LTC and PeerCoin (PPC) are the hard currencies,

NXT, Mastercoin are second gens

Emunie is the 3rd gen

[BitcoinSteve]

I got one for like $35 on ebay a couple weeks ago, seems its only worth around $18, should I sell or trade it or just hold on? Im starting to believe only BTC has the true potential, seems a lot of these altcoins wont make it? Thoughts?

The same thing has happened with the price of bitcoin though as well.... so in that regard whats the difference.  The drop in value or rise in value might not be exactly the same but they are still pretty dang close.

Here's my take on alt coins though. Even though Bitcoin is still very speculative imo there is a least some valid reasons for more people jumping on board such as more and more merchants lining up to accept it, more and more VC's pouring money into start ups and infastructure, and it becoming easier and easier for regular people to use.  With altcoins thats not the case so you could argue that altcoins are waaaaay more speculative than bitcoin. I person dont know of merchants lining up to accept altcoins as payments.   If someone asked what had more potential in coming a "big" thing I would say bitcoin certainly is leading the pack, but also it's hard to predict the future.

I think one major benefit in altcoins would be if something really bad happened to bitcoin la lot of people would instantly fall back on altcoins and that would be good for them would be good for them.  In the case of something like litecoin I think it's worth noting that both the creator of ltc and his brother are both heavily involved (in one case the ceo) of two of the largest bitcoin related companies/exchanges in the world right now. Because of their vested interest in lightcoin and their connections/power in the crypto currency would you could certainly assume they will have a valid reason and an ability to push something like litecoin a lot harder in the coming years.

As far as weither you should "invest" something. That's totally your choice and only you can answer that. I don't know your finincal situation but typicaly if you buy something and only a week later you're thinking about selling it you either 1) invested more money than you were willing to actually lose  or 2) you were looking for a quick buck and not really thinking about long term potential.

In my case I own some LTC.  When I made the purchase I asked myself "If I had this money in my pocket today and it fell out of my pocket would impact my life or cause a lot of stress for me aside for being angry/sad for a few hours that I lost it".  When the answer was no I went ahead and purchased those LTC and in all honestly I haven't even checked the value of LTC since then and wouldn't even begin to think about it until decades down the road. In my mind that money is already spent and gone and i'm not worried about it regardless of the outcome.

Hope that gives some helpful insight, just my personal views and by no means am I an expert or anything.

wow thanks, anywhere to trade btc for ltc?

[str4wm4n]

No.

[beetcoin]

it's down because the price of BTC is down. if you are like the panickers and are claiming BTC dead, then maybe LTC is also dead.

[BitcoinSteve]

Im not claiming BTC is down, I am a firm believer in BTC THANKS!

[GreenWins]

Hold on to it, you should always have the long game in mind when it comes to crypto.

k thanks, got 125 quarks and 25k eac also... along with my .65 btc guess I will sit for a while...

Quarks are a pump-and-dump, 98% of the money supply was mined in 6 months. Just FYI.

Quark is definitely not a pump and dump.

Quark has a lot more potential than most altcoin at the moment.

here are some new and upcoming projects of quark for anyone wondering about it's progress

www.qrkwallets.org

http://quark.freeforums.net/thread/1044/introduction-animation-video  new promo video being made ready in about a week or so.

http://www.quarkpayments.com/  new site opening soon

https://itunes.apple.com/au/app/id783452759?mt=8  new QUARK ticker app

http://blog.coinmkt.com/ QUARK comming to coinmkt early 2014

http://forum.qrk.cc/  the forum only one month old and growing everyday!

http://www.quarkqrk.info/  QUARK Portal made by one of our dedicated community members

http://www.quarkcoin.cc/ QUARK blog news etc by another dedicated member

and much much more(note: this is ONE MONTHS WORK!!!!)   HOLD!!!!!!!!! THIS IS A LONG TERM INVESTMENT, YOU WILL NOT REGRET.

[BTCisthefuture]

I got one for like $35 on ebay a couple weeks ago, seems its only worth around $18, should I sell or trade it or just hold on? Im starting to believe only BTC has the true potential, seems a lot of these altcoins wont make it? Thoughts?

The same thing has happened with the price of bitcoin though as well.... so in that regard whats the difference.  The drop in value or rise in value might not be exactly the same but they are still pretty dang close.

Here's my take on alt coins though. Even though Bitcoin is still very speculative imo there is a least some valid reasons for more people jumping on board such as more and more merchants lining up to accept it, more and more VC's pouring money into start ups and infastructure, and it becoming easier and easier for regular people to use.  With altcoins thats not the case so you could argue that altcoins are waaaaay more speculative than bitcoin. I person dont know of merchants lining up to accept altcoins as payments.   If someone asked what had more potential in coming a "big" thing I would say bitcoin certainly is leading the pack, but also it's hard to predict the future.

I think one major benefit in altcoins would be if something really bad happened to bitcoin la lot of people would instantly fall back on altcoins and that would be good for them would be good for them.  In the case of something like litecoin I think it's worth noting that both the creator of ltc and his brother are both heavily involved (in one case the ceo) of two of the largest bitcoin related companies/exchanges in the world right now. Because of their vested interest in lightcoin and their connections/power in the crypto currency would you could certainly assume they will have a valid reason and an ability to push something like litecoin a lot harder in the coming years.

As far as weither you should "invest" something. That's totally your choice and only you can answer that. I don't know your finincal situation but typicaly if you buy something and only a week later you're thinking about selling it you either 1) invested more money than you were willing to actually lose  or 2) you were looking for a quick buck and not really thinking about long term potential.

In my case I own some LTC.  When I made the purchase I asked myself "If I had this money in my pocket today and it fell out of my pocket would impact my life or cause a lot of stress for me aside for being angry/sad for a few hours that I lost it".  When the answer was no I went ahead and purchased those LTC and in all honestly I haven't even checked the value of LTC since then and wouldn't even begin to think about it until decades down the road. In my mind that money is already spent and gone and i'm not worried about it regardless of the outcome.

Hope that gives some helpful insight, just my personal views and by no means am I an expert or anything.

wow thanks, anywhere to trade btc for ltc?

The best place I know of is https://btc-e.com/  , at least from what I've read online and that's the site I used to get my LTC.  Far as I know there is no Fiat to LTC places (someone can correct me if I'm wrong).  So like you said, you'd send bitcoins to your btc-e address and buy LTC with them.  Good luck!

[BitcoinSteve]

Thanks but does that work in the united states?

[Whoisthelorax]

yes i use btc-e to trade bitcoins into litecoins (and a handful of other coins like Peercoin, PrimeCoin, etc)

[BTCisthefuture]

Thanks but does that work in the united states?

Yes they now accept wire transfers from America.

But if you're just looking to buy litecoins it shouldn't matter at all because I don't believe any place requires any kind of verification to deposit bitcoin which is how you would most likely buy the litecoins.  I could be wrong about that though,  and as far as trying to sell anything or withdraw/depoist cash you will have to go through the normal verifcation process all exchanges require nowadays.... but yes you can be american and it's fine.

[SilverandBitcoins]

I traded some Bitcoin for Litecoin several hours ago.  I was thinking that LTC seemed a bit low and BTC was holding it's own pretty well.  Am I wrong?

[Liquid]

Yer dead at $17   was around when the price was 11c, so i can happily report it is not dead in fact far from it if that is not obvious enough.

If the price goes to 0 then we can say its dead though that not be for many years if not hundreds of years.

Remember this is just the start of the ride hang on we will see way more volatility before we see a steady price, but as a hybrid digital asset/commodity/currency the free market might never agree on a set price.  

[mgio]

Yes, litecoin is dead

[JackRecher69]

I'm thinking of buying LTC, should I do it now?

[Kyt Dotson]

As long as LTC has a community and exchange market, it's not dead. I am personally much more familiar with BTC; but a price drop isn't the canary you're looking for.