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thenoblebot (OP)
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January 24, 2014, 05:04:46 AM
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LTC has of late been falling quite drastically compared to earlier values ... even the hashrate went down earlier by 30-40% ... anyone has any explanation or reasoning for it ? I can't seem to figure it out (not that I have been able to in the past lol)

Also LTC/BTC ratio seems more skewed than ever.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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thenoblebot (OP)
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January 24, 2014, 05:38:42 AM
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Or could it just be some whales coming in ?
G K G
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January 25, 2014, 03:05:53 AM
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Quote from: thenoblebot on January 24, 2014, 05:04:46 AM
LTC has of late been falling quite drastically compared to earlier values ... even the hashrate went down earlier by 30-40% ... anyone has any explanation or reasoning for it ? I can't seem to figure it out (not that I have been able to in the past lol)

Also LTC/BTC ratio seems more skewed than ever.
it has been losing hashpower to DOGEcoin.
Also lately, the profitability of mining LTC has gone lower drastically compared to other scrypt coins.
so less followers less value.
FollowMe @ https://twitter.com/GKGminer
thenoblebot (OP)
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January 25, 2014, 04:56:03 AM
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Quote from: G K G on January 25, 2014, 03:05:53 AM
it has been losing hashpower to DOGEcoin.
Also lately, the profitability of mining LTC has gone lower drastically compared to other scrypt coins.
so less followers less value.

Yea I guess that explains quite a bit ..... just hate it when such new alt-coins come in and do something like that to a long timer like LTC.
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