[ANN] Litecoin - a lite version of Bitcoin. Launched!

[hoie6060]

Could increase value LTC after BTC halving?

If you refer to the absolute value (in $USD), it will depend on whether BTC price will stay strong after its halving, or whether there will have any other good news for LTC after that.

[Belligerent Fool]

this coin looks pretty good~

Wow dude I noticed you posting the same thing in every thread in the last 24 hours, then you sign up for a signature campaign and expect them to accept you & pay you for your "Quality 5 Word Posts" ? 

But yes you are right about this coin, Litecoin is pretty darn good, it was the 1st Scrypt coin before the popular, loveable meme coin DOGE.

[TheMage]

this coin looks pretty good~

Wow dude I noticed you posting the same thing in every thread in the last 24 hours, then you sign up for a signature campaign and expect them to accept you & pay you for your "Quality 5 Word Posts" ? 

But yes you are right about this coin, Litecoin is pretty darn good, it was the 1st Scrypt coin before the popular, loveable meme coin DOGE.

Looks like someone deleted his post haha!


Just for history's sake, Litecoin was not the first alt coin (I dont think it was the first scrypt either). It is however the oldest and most successful alt coin.

[Hueristic]

this coin looks pretty good~

Wow dude I noticed you posting the same thing in every thread in the last 24 hours, then you sign up for a signature campaign and expect them to accept you & pay you for your "Quality 5 Word Posts" ? 

But yes you are right about this coin, Litecoin is pretty darn good, it was the 1st Scrypt coin before the popular, loveable meme coin DOGE.

Looks like someone deleted his post haha!


Just for history's sake, Litecoin was not the first alt coin (I dont think it was the first scrypt either). It is however the oldest and most successful alt coin.

Is the ICO over?

[CryR]

bitcoin hit ath = litecoin moon (I hope/believe this will happen again!)

[thevictimofuktyranny]

bitcoin hit ath = litecoin moon (I hope/believe this will happen again!)

The next Block Halving in 2019 will be the point when the BTC and LTC will begin decoupling.

When LTC, get's to around $10, then private entrepreneurs will find setting up Escrow services profitable country by country (bank transfer/cash to LTC), again.

This, in turn will reduce LTC to exchanges and short-sellers will find themselves unable to refill shorted positions with replacement supplies from ASIC Mining businesses.

The breakdown of Escrow system, when LTC fell below $10, is the basis of current BTC to LTC linkage.

Combined with the loss of GPU mining support, before the 1st Block Halving.

PREMATURE ASIC MINING EQUIPMENT, BEFORE THE 1ST BLOCK HALVING, SELDOM BENEFITS THE ORIGINAL Satoshi Nakamoto DESIGN, WHEN AN INCREASE IN THE MAX COIN SUPPLY HAS BEEN MADE.

Therefore, the bigger the max coin supply change, the more important it is to delay ASIC MINING HARDWARE well after the 1st Block Halving or even 2nd Block Halving and sometimes the 3rd Block Halving.

[intrader]

bitcoin hit ath = litecoin moon (I hope/believe this will happen again!)

Maybe will not happen again LTC down slowly from 0.0086btc to 0.0072btc in a week I think will break below 0.007btc sooner

[Friendlyman]

bitcoin hit ath = litecoin moon (I hope/believe this will happen again!)

Maybe will not happen again LTC down slowly from 0.0086btc to 0.0072btc in a week I think will break below 0.007btc sooner

ups nope

[coinsplz777]

any words from the developers?

[litecoingva]

why ltc dump ? whats happend ?

[coinsplz777]

was this a China dump?

[TravelsAsia]

why ltc dump ? whats happend ?

People are coming to their senses?

[thevictimofuktyranny]

why ltc dump ? whats happend ?

People are coming to their senses?

Short-sellers lost a small fortune on Ethereum and TheDAO mega-dump  

The issue for the short-sell disappeared within 36 hours and price rebounded!

Then no-one was willing to buy BTC for dollars or pounds at $600 plus, which meant there had to be a dump on BTC Fiat Currency Prices.

Anyway, all of that represented significant losses.

Easy way to recover the losses, cut the price of LTC on the exchanges by 25%, which is still produced significant amounts (5 million LTC per year).

Spend the next 2 years, buying LTC at 25% suppressed prices, and correct the price around 5 months before the next Block Halving in 2019.

Only losers in this are LTC mining businesses, but they have no choices, because they have to sell their daily LTC production.

Everyone wins, excepts of the ASIC mining businesses.

[bitcoinuserz]

i hold some litecoins and this coin is like the most boring coin lol i bought at 3 dollars and it only went up 1 dollar

[foxxcom]

Please tell me will price of LTC recover to 0.01btc or will continue dump to below 0.005btc? I want to invest some money on it

[thevictimofuktyranny]

Please tell me will price of LTC recover to 0.01btc or will continue dump to below 0.005btc? I want to invest some money on it

Well, it will recover by the time of next Block Halving, but Innoscillion has announced they are working on new generation Scrypt ASIC miner.

http://cryptomining-blog.com/8011-the-evolution-of-the-innosilicon-a4-dominator-scrypt-asic-miners/

Basically, the engineers are doing small batches of prototype productions, which are better than the old generation of Scrypt ASIC miners.

They then, dump the LTC to pay for the next batch of improved chips and so on, until they have something they can sell as superior commerical ASIC Hardware to what is currently being used.

As you can tell, the price of LTC has dropped by 25% recently.

------------------------------------

The new Innoscillion ASIC hardware is slated for release in September 2016 and LTC price this year will be marginally downwards, from the 25% drop seen already.

However, beyond this new ASIC hardware release this year: 2018 and 2019 the price will head upwards as the Block Halving comes into focus.

--------------------------------------------------

The Scrypt algorithm was designed to be ASIC resistant, unlike the SHA algorithm.

And, the reports are: the new Innoscillion ASIC hardware offers only 2.6X improvement over 2014's top ASIC hardware.

Therefore, the ASIC resistance design in non-SHA algorithms do have long-term disruptive effects on engineers scope for offering improvements on next gen hardware.

People will notice: the A2 was 28nm and new miner's improved performance appears to comes, mostly, from smaller size of 14nm.

[intrader]

Please tell me will price of LTC recover to 0.01btc or will continue dump to below 0.005btc? I want to invest some money on it

Well, it will recover by the time of next Block Halving, but Innoscillion has announced they are working on new generation Scrypt ASIC miner.

http://cryptomining-blog.com/8011-the-evolution-of-the-innosilicon-a4-dominator-scrypt-asic-miners/

Basically, the engineers are doing small batches of prototype productions, which are better than the old generation of Scrypt ASIC miners.

They then, dump the LTC to pay for the next batch of improved chips and so on, until they have something they can sell as superior commerical ASIC Hardware to what is currently being used.

As you can tell, the price of LTC has dropped by 25% recently.

------------------------------------

The new Innoscillion ASIC hardware is slated for release in September 2016 and LTC price this year will be marginally downwards, from the 25% drop seen already.

However, beyond this new ASIC hardware release this year: 2018 and 2019 the price will head upwards as the Block Halving comes into focus.

--------------------------------------------------

The Scrypt algorithm was designed to be ASIC resistant, unlike the SHA algorithm.

And, the reports are: the new Innoscillion ASIC hardware offers only 2.6X improvement over 2014's top ASIC hardware.

Therefore, the ASIC resistance design in non-SHA algorithms do have long-term disruptive effects on engineers scope for offering improvements on next gen hardware.

People will notice: the A2 was 28nm and new miner's improved performance appears to comes, mostly, from smaller size of 14nm.

Basically people need quick profits they don't care any tech related issues,LTC maybe will rise up next year but currently btc price is high,its still not really profitable unless will pump to above $10/ltc

[RidgyDidge]

Commercial ASIC hardware is the leprechauns pot of gold, when they become outdated with the public new even better ones have already been out for a while just not released publicly yet and the phase will just keep on going.

It is a great way to make money an I don't see them stopping production any time soon.

Make Product, Mine with it & Make Profit, Sell Miner + Make More Profit, Use Extra Profit to reinvest into better hardware research & development to get more Profit from future releases... Rinse & Repeat.

[Alao]

With all going on in CryptoNick it's nice to see LTC is still holing strong.

[tema]

Litecoin Is Back  http://bitcoinist.net/litecoin-roadmap-renaissance/