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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 785448 times)
brookefinancial
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January 19, 2015, 02:16:48 PM
 #2581

Well, at least there is a positive article about Litecoin this morning!

http://www.cryptoarticles.com/crypto-news/isg3d-now-accepting-dogecoin-litecoin-and-others-for-their-3d-printer

ISG3D NOW ACCEPTING DOGECOIN, LITECOIN AND OTHERS FOR THEIR 3D PRINTER


3D Printing and Bitcoin, that's pretty cool.
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gomei
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January 20, 2015, 01:04:26 AM
 #2582

LTC together with DOGE are dying~~  Grin Grin Grin Grin
maybe it is long-term for the old ltc and doge.

RD965
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January 20, 2015, 10:24:24 AM
 #2583

LTC together with DOGE are dying~~  Grin Grin Grin Grin
maybe it is long-term for the old ltc and doge.

It is indeed
gomei
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January 21, 2015, 01:39:32 AM
 #2584



     ltc lose  money currency bad

     time waste    Angry
you should wait for the next pump.

One Six
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January 21, 2015, 02:02:35 AM
 #2585



     ltc lose  money currency bad

     time waste    Angry
you should wait for the next pump.

No enhancements on pipeline and obviously no chance for speculation/ pump.
TheMage
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January 21, 2015, 03:28:22 AM
 #2586



     ltc lose  money currency bad

     time waste    Angry


Maybe you shouldnt be using cryptos in general as a revenue as opposed to what the original idea was which was to utilize it to bring the power of money back to the people. You know, kind of like what Satoshi said?





Follow me on twitter https://twitter.com/TheRealMage for Litecoin and Litecoin Association news!
gomei
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January 21, 2015, 04:55:46 AM
 #2587



     ltc lose  money currency bad

     time waste    Angry
you should wait for the next pump.

No enhancements on pipeline and obviously no chance for speculation/ pump.
time will tell, who knows?

Furio
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January 21, 2015, 05:46:28 AM
 #2588



     ltc lose  money currency bad

     time waste    Angry


Maybe you shouldnt be using cryptos in general as a revenue as opposed to what the original idea was which was to utilize it to bring the power of money back to the people. You know, kind of like what Satoshi said?






These sorta people are exactly thre reason crypto is having this dip, all the noobs on their get rich quick scheme, not gonna happen, but it gives us something much more, the chance to build together on a system that takes away our slave owners, banks and governments....
thevictimofuktyranny
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January 25, 2015, 02:40:46 AM
 #2589



     ltc lose  money currency bad

     time waste    Angry


Maybe you shouldnt be using cryptos in general as a revenue as opposed to what the original idea was which was to utilize it to bring the power of money back to the people. You know, kind of like what Satoshi said?






These sorta people are exactly thre reason crypto is having this dip, all the noobs on their get rich quick scheme, not gonna happen, but it gives us something much more, the chance to build together on a system that takes away our slave owners, banks and governments....

If you're a small investor, you should be prepared to buy crypto currencies like Litecoins whilst there price is going down Wink

Because, when the huge investors start buying up coins, the price will increase so quickly that your opportunity to benefit will disappear. Sitting on exchanges 24/7 is not a fun and small investor usually have jobs to go too Huh And, can't wait for events that occur once every 6-8weeks Huh Cheesy

I bought LTC all the way down

0.0067BTC
0.0066BTC
0.0065BTC
0.0064BTC
0.0063BTC
0.0062BTC
0.0061BTC

This is the only way small investors can be on the right side of market prices.  You just need to do some proper mathematics and macro economic calculations to work out which coins are:

a) Bust coins - developers have disappeared - servers or nodes are paid up for 1 year Huh
b) Hobbyist coins - cult coins or bust coin saved by the owners of coin to enjoying being the boss  Roll Eyes
c) Economic coin - high volume and price above 50 cent  Lips sealed

d) New coin - speculation as high profit or loss opportunities Shocked

Litecoin is economic coin, you can only go wrong when the cost of producing extra coins (ROI on investment + plus labor + electricity) is greater then x1.6 compared to a POW coin's 4 year period from one block halving to another block halving. This is tricky to judge due to the "gravity well rise in difficulty" as outsiders buy hashpower to get Fiat Currency out of mining a crypto currency when the prices excessively exceed the cost of producing extra coins. And, electricity and labor costs are not universal constant around the world Grin

I hope everyone knows, when the block halving on LTC is?  Grin  

So, today LTC goes from 0.00625BTC to 0.0078BTC in 3 hours - small investors need to take advantage of slumps in coin prices to buy economic coins, otherwise they will not make net profits on crypto currencies from low risk investments Wink

 
richwang
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January 30, 2015, 12:06:34 PM
 #2590

So lucky for litecoin

RD965
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January 30, 2015, 12:58:19 PM
 #2591

So lucky for litecoin

So lucky why? Its been difficult for both BTC LTC
thevictimofuktyranny
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January 30, 2015, 02:33:55 PM
 #2592



     ltc lose  money currency bad

     time waste    Angry


Maybe you shouldnt be using cryptos in general as a revenue as opposed to what the original idea was which was to utilize it to bring the power of money back to the people. You know, kind of like what Satoshi said?






These sorta people are exactly thre reason crypto is having this dip, all the noobs on their get rich quick scheme, not gonna happen, but it gives us something much more, the chance to build together on a system that takes away our slave owners, banks and governments....

If you're a small investor, you should be prepared to buy crypto currencies like Litecoins whilst there price is going down Wink

Because, when the huge investors start buying up coins, the price will increase so quickly that your opportunity to benefit will disappear. Sitting on exchanges 24/7 is not a fun and small investor usually have jobs to go too Huh And, can't wait for events that occur once every 6-8weeks Huh Cheesy

I bought LTC all the way down

0.0067BTC
0.0066BTC
0.0065BTC
0.0064BTC
0.0063BTC
0.0062BTC
0.0061BTC

This is the only way small investors can be on the right side of market prices.  You just need to do some proper mathematics and macro economic calculations to work out which coins are:

a) Bust coins - developers have disappeared - servers or nodes are paid up for 1 year Huh
b) Hobbyist coins - cult coins or bust coin saved by the owners of coin to enjoying being the boss  Roll Eyes
c) Economic coin - high volume and price above 50 cent  Lips sealed

d) New coin - speculation as high profit or loss opportunities Shocked

Litecoin is economic coin, you can only go wrong when the cost of producing extra coins (ROI on investment + plus labor + electricity) is greater then x1.6 compared to a POW coin's 4 year period from one block halving to another block halving. This is tricky to judge due to the "gravity well rise in difficulty" as outsiders buy hashpower to get Fiat Currency out of mining a crypto currency when the prices excessively exceed the cost of producing extra coins. And, electricity and labor costs are not universal constant around the world Grin

I hope everyone knows, when the block halving on LTC is?  Grin  

So, today LTC goes from 0.00625BTC to 0.0078BTC in 3 hours - small investors need to take advantage of slumps in coin prices to buy economic coins, otherwise they will not make net profits on crypto currencies from low risk investments Wink

 

   investor  small ? ?   Cheesy  we in  china largest holder of btc ltc Coin ! !   Grin

   btc ltc alt Coin   the work of china magic   Smiley

   what  reason the point you make ? btc lay foundation for new economy revolution ! this why in china we buy .

   soon china own  all you players !  ¥ $ BTC Grin

You don't seem to understand the ethos of crypto-currencies Tongue

Nor, do you seem to understand the limitations of any currency Shocked

And, I am not going to liberate you from your ignorance Shocked
arieq
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February 08, 2015, 10:08:16 AM
 #2593

Now is the time to become billionares. LTC doesn't go down, it just tricks people into selling. Don't be a fool, Buy Litecoin and be cool.

thevictimofuktyranny
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February 08, 2015, 02:27:39 PM
 #2594

Yes, crypto currencies are much more reliable then traditional banks Wink

I'll give you an example, Barclay's Bank online service is down for maintenance for another 24 hours.

This brings, the downtime of their online banking site this year to 1 week Shocked

In the last 3 years, the Litecoin has 0 days lost from it's usability  Grin

The Bitcoins network has lost 0 days in the last 6 years from it's usability Grin

The crypto currency network is 100% reliable when compared to the traditional banking system, even though the traditional banks have spent billions on there online infrastructure Wink

 
Furio
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February 09, 2015, 07:07:47 AM
 #2595

Yes, crypto currencies are much more reliable then traditional banks Wink

I'll give you an example, Barclay's Bank online service is down for maintenance for another 24 hours.

This brings, the downtime of their online banking site this year to 1 week Shocked

In the last 3 years, the Litecoin has 0 days lost from it's usability  Grin

The Bitcoins network has lost 0 days in the last 6 years from it's usability Grin

The crypto currency network is 100% reliable when compared to the traditional banking system, even though the traditional banks have spent billions on there online infrastructure Wink

 

Don't forget about the fact that EVERY banking system can be hacked....
coinfinance
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February 09, 2015, 07:36:22 PM
 #2596

Litecoin Price, markets, news, charts:

http://www.coinfinance.com/currencies/LTC-Litecoin

RD965
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February 10, 2015, 10:04:26 AM
 #2597

Litecoin Price, markets, news, charts:

http://www.coinfinance.com/currencies/LTC-Litecoin

Thank god you fixed the login section...
thevictimofuktyranny
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February 10, 2015, 10:51:38 PM
 #2598

If's official, it would cost $5 million to develop a 16nm ASIC Chip for scrypt algorithm Shocked

From Marco Streng interview (CEO of Genesis Mining):

https://www.youtube.com/watch?v=8ROQZZhjY1c

Yearly, coin production value at $1.80 is $18,921,600

Using this formula, 10% is R&D ($5 million for 16nm), ratio of 10 to 1 on R&D versus Profit, total manufacturing profits must be $50 million. If, profit margin on selling units is 10%, then net sales will need to be $500 million.

Modifying the formula for lower profits:

Using this formula, 10% is R&D ($5 million for 16nm), ratio of 1 to 1 on R&D versus Profit, total manufacturing profits must be $10 million. If, profit margin on selling units is 10%, then net sales will need to be $100 million.

Essentially, you are not going to see a 16nm Scrypt mining ASIC on Litecoin at $1.80 Grin


RD965
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February 11, 2015, 08:40:17 AM
 #2599

If's official, it would cost $5 million to develop a 16nm ASIC Chip for scrypt algorithm Shocked

From Marco Streng interview (CEO of Genesis Mining):

https://www.youtube.com/watch?v=8ROQZZhjY1c

Yearly, coin production value at $1.80 is $18,921,600

Using this formula, 10% is R&D ($5 million for 16nm), ratio of 10 to 1 on R&D versus Profit, total manufacturing profits must be $50 million. If, profit margin on selling units is 10%, then net sales will need to be $500 million.

Modifying the formula for lower profits:

Using this formula, 10% is R&D ($5 million for 16nm), ratio of 1 to 1 on R&D versus Profit, total manufacturing profits must be $10 million. If, profit margin on selling units is 10%, then net sales will need to be $100 million.

Essentially, you are not going to see a 16nm Scrypt mining ASIC on Litecoin at $1.80 Grin




So whats your point? That we are going up?
thevictimofuktyranny
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February 11, 2015, 08:45:38 AM
 #2600

If's official, it would cost $5 million to develop a 16nm ASIC Chip for scrypt algorithm Shocked

From Marco Streng interview (CEO of Genesis Mining):

https://www.youtube.com/watch?v=8ROQZZhjY1c

Yearly, coin production value at $1.80 is $18,921,600

Using this formula, 10% is R&D ($5 million for 16nm), ratio of 10 to 1 on R&D versus Profit, total manufacturing profits must be $50 million. If, profit margin on selling units is 10%, then net sales will need to be $500 million.

Modifying the formula for lower profits:

Using this formula, 10% is R&D ($5 million for 16nm), ratio of 1 to 1 on R&D versus Profit, total manufacturing profits must be $10 million. If, profit margin on selling units is 10%, then net sales will need to be $100 million.

Essentially, you are not going to see a 16nm Scrypt mining ASIC on Litecoin at $1.80 Grin




So whats your point? That we are going up?

Yes, once people have ROI on last years mining equipment, later this year Wink
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