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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1429890 times)
bgibso01
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April 30, 2018, 11:50:53 AM
 #6061

I have sold all my ltc today to invest elsewhere, ltc is not foing to move while so many coins like Wan and Fsn goes up
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April 30, 2018, 11:53:08 AM
 #6062

while increasing total circulation supply may be good for Charlie's strategy..it's bad news for all
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April 30, 2018, 11:54:02 AM
 #6063

what are the potential ramifications of a revision higher for the total supply as Charlie mentioned in the interview recently?
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April 30, 2018, 12:43:33 PM
 #6064

if the total supply of LTC increases that would really hurt us hodlers right now. why is that even an option?
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April 30, 2018, 07:49:17 PM
 #6065

if the total supply of LTC increases that would really hurt us hodlers right now. why is that even an option?

see my previous post in the last thread on here.....mining scrypt-pow and LTC is overcapacity now...if they did this

it would really, really, puke and lock up IMHO...so unless POS coin is planned as an option someday..this makes no sense

thus confused

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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April 30, 2018, 08:13:42 PM
 #6066

Charlie Lee's that post I also read in which he has regrets over selling his LTC to early.

I would like to note that it was after Charlie announced the sale of his coins, the protracted fall of the entire crypto-market is began . I don't think he truly regrets the sale, most likely Charlie is trying to make excuses for his actions. After all, the crypto-community has several claims to him.

First, he should not have publicly reported the sale. If we look at the developments he reported the sale on the following day after he sold his coins. And I watched a trade volumes, it was day as day. The market quietly digested his sale. But apparently Charlie was so pleased with the deal, that he decided to boast, otherwise I do not understand the other way. I think he could report for example a few months later.

Second, today he says he regrets that we are in the bear market. I can't believe him with all due respect. His Twitter account is considered to be one of the most reputable and it was he who announced the sale of his coins with the words that he expects a bear market. It was these words that frightened the community.

That is, in fact out that Charlie full of joy left the cryptocurrency and problems to the whole community. He shouldn't have done that. I think this is the reason for his regrets.
Maybe Charlie specifically this news lowered the price to buy cheaper. You need to do the opposite.
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April 30, 2018, 10:05:16 PM
 #6067

if the total supply of LTC increases that would really hurt us hodlers right now. why is that even an option?

see my previous post in the last thread on here.....mining scrypt-pow and LTC is overcapacity now...if they did this

it would really, really, puke and lock up IMHO...so unless POS coin is planned as an option someday..this makes no sense

thus confused


What would you suggest? is an algorithm change to anything to other than POS feasible?

Sounds to me like the only problem right now is the price.....why do people continue to mine even if they already ROI on a coin they are paying more in electric than actually mining ya know?

As a holder it's getting pretty depressing watching the price go nowhere, as coins like Tron are at our heels in market cap  Embarrassed

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SparkIt
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May 01, 2018, 07:37:54 AM
Merited by bitChipper (5), Searing (1)
 #6068

if the total supply of LTC increases that would really hurt us hodlers right now. why is that even an option?

see my previous post in the last thread on here.....mining scrypt-pow and LTC is overcapacity now...if they did this

it would really, really, puke and lock up IMHO...so unless POS coin is planned as an option someday..this makes no sense

thus confused


What would you suggest? is an algorithm change to anything to other than POS feasible?

Sounds to me like the only problem right now is the price.....why do people continue to mine even if they already ROI on a coin they are paying more in electric than actually mining ya know?

As a holder it's getting pretty depressing watching the price go nowhere, as coins like Tron are at our heels in market cap  Embarrassed

I join this opinion.

It's POW's algorithm made the market as it is. Without a presence of prime cost in a form of electricity costs and an acquisition of equipment would not have formed such a high cost of the coin. And the fact that people continue to mine the coin despite a high costs, suggests that the price of the coin will go up again.

We can easily verify this by comparing POW-coins and POS-coins. All POS-coins are cheap. Compare a  price dynamics. When the market goes down, it's POS-coins fall most quickly, because people don't spend money on electricity, do not pay back their initial investments, but simply hold balances and a node. In fact, the value of the bottom of such coins is the average price at which they got to most of holders, adjusted for the panic of individual individuals and greed of others.

I agree with the argument that the rest of the cryptomarket has grown thanks to POW-coins because they do have value formed by costs. And therefore I invest in POW-coins.
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May 01, 2018, 09:38:24 AM
 #6069

Litecoin mentioned in regards to litecoin forks (snapshot in this case): https://medium.com/@stevensteiner/freebitcoins-com-7e3a197fe0f2


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CryptoChartIndex
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May 01, 2018, 01:21:12 PM
 #6070

Litecoin is now listed on CryptoChartIndex , Now you can get all information regarding LTC on CryptoChartIndex!

CryptoChartIndex (https://cryptochartindex.com) Bitcoin Price (https://cryptochartindex.com/currency/bitcoin)
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May 01, 2018, 02:56:26 PM
 #6071

The problem is that all the positive news for Litecoin came while the market was taking a serious dive and the positive news from LTC alone couldn't change the entire cryptomarket.  So now that all the positive news for this coin has already come and gone, no one wants to buy it because there doesn't appear to be anything positive in the works anymore. We can all likely recall Charlie's checklist of things to come. More and more got marked off the list and it did nothing for the coin, because the whole market was tanking. If we would have seen the same news last week we would have likely been sitting a lot further up the chart than we are now.
kaimisukk
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May 02, 2018, 02:07:34 PM
 #6072

Sounds like a network problem. Check cabling, reset switches/routers, do some traceroutes to US IP addresses (BTC pools e.g.) and pings as well (to check for packet loss). This kind of results says that something's wrong.
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May 02, 2018, 03:41:23 PM
 #6073

Which pool is the best for mining?  Currently, I'm using Litecoinpool.org.
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May 02, 2018, 07:45:49 PM
 #6074

The problem is that all the positive news for Litecoin came while the market was taking a serious dive and the positive news from LTC alone couldn't change the entire cryptomarket.  So now that all the positive news for this coin has already come and gone, no one wants to buy it because there doesn't appear to be anything positive in the works anymore. We can all likely recall Charlie's checklist of things to come. More and more got marked off the list and it did nothing for the coin, because the whole market was tanking. If we would have seen the same news last week we would have likely been sitting a lot further up the chart than we are now.

The main thing that has Litecoin is absolute liquidity in the crypto world: ATMs, exchanges and other services - LTC is already present everywhere. So this coin doesn't need to prove its potential with help hype.
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May 03, 2018, 06:15:22 AM
 #6075

The problem is that all the positive news for Litecoin came while the market was taking a serious dive and the positive news from LTC alone couldn't change the entire cryptomarket.  So now that all the positive news for this coin has already come and gone, no one wants to buy it because there doesn't appear to be anything positive in the works anymore. We can all likely recall Charlie's checklist of things to come. More and more got marked off the list and it did nothing for the coin, because the whole market was tanking. If we would have seen the same news last week we would have likely been sitting a lot further up the chart than we are now.

The main thing that has Litecoin is absolute liquidity in the crypto world: ATMs, exchanges and other services - LTC is already present everywhere. So this coin doesn't need to prove its potential with help hype.


Well, I hit a 'snag' with Coinbase's swift card that supposedly acts as a DEBIT card, and such...no fees for a bit of time also..my state MINNESOTA ..is not on the list yet....(likely,
has little to do with Minnesota and more to do we don't have all that many people)

so hard to move LTC when such a debit card is NOT allowed by the 'powers that be' in your state...

(From what I understand as another example, Hawaii does NOT allow coinbase and more than a few others)

anyway, here is the coinbase link to see if such a card is allowed in your state yet

https://support.coinbase.com/customer/en/portal/articles/2228646-the-shift-card

FML, just counted..one of only 7 states where is not allowed...so much for my 'population arguement' above..... Sad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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May 03, 2018, 09:13:31 AM
 #6076

Charlie Lee's that post I also read in which he has regrets over selling his LTC to early.

I would like to note that it was after Charlie announced the sale of his coins, the protracted fall of the entire crypto-market is began . I don't think he truly regrets the sale, most likely Charlie is trying to make excuses for his actions. After all, the crypto-community has several claims to him.

First, he should not have publicly reported the sale. If we look at the developments he reported the sale on the following day after he sold his coins. And I watched a trade volumes, it was day as day. The market quietly digested his sale. But apparently Charlie was so pleased with the deal, that he decided to boast, otherwise I do not understand the other way. I think he could report for example a few months later.

Second, today he says he regrets that we are in the bear market. I can't believe him with all due respect. His Twitter account is considered to be one of the most reputable and it was he who announced the sale of his coins with the words that he expects a bear market. It was these words that frightened the community.

That is, in fact out that Charlie full of joy left the cryptocurrency and problems to the whole community. He shouldn't have done that. I think this is the reason for his regrets.
Maybe Charlie specifically this news lowered the price to buy cheaper. You need to do the opposite.

https://www.youtube.com/watch?v=o0eyNMXl4eY
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May 03, 2018, 01:51:10 PM
 #6077

https://coinmarketcap.com/currencies/litecoin/
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May 03, 2018, 03:19:07 PM
 #6078

The problem is that all the positive news for Litecoin came while the market was taking a serious dive and the positive news from LTC alone couldn't change the entire cryptomarket.  So now that all the positive news for this coin has already come and gone, no one wants to buy it because there doesn't appear to be anything positive in the works anymore. We can all likely recall Charlie's checklist of things to come. More and more got marked off the list and it did nothing for the coin, because the whole market was tanking. If we would have seen the same news last week we would have likely been sitting a lot further up the chart than we are now.

The main thing that has Litecoin is absolute liquidity in the crypto world: ATMs, exchanges and other services - LTC is already present everywhere. So this coin doesn't need to prove its potential with help hype.


Well, I hit a 'snag' with Coinbase's swift card that supposedly acts as a DEBIT card, and such...no fees for a bit of time also..my state MINNESOTA ..is not on the list yet....(likely,
has little to do with Minnesota and more to do we don't have all that many people)

so hard to move LTC when such a debit card is NOT allowed by the 'powers that be' in your state...

(From what I understand as another example, Hawaii does NOT allow coinbase and more than a few others)

anyway, here is the coinbase link to see if such a card is allowed in your state yet

https://support.coinbase.com/customer/en/portal/articles/2228646-the-shift-card

FML, just counted..one of only 7 states where is not allowed...so much for my 'population arguement' above..... Sad


By the way, this news today is exactly one year ...

https://techcrunch.com/2017/05/03/coinbase-adds-support-for-litecoin/

Coinbase has just rolled out full support for Litecoin, its third cryptocurrency.

Users will be able to buy, sell, send and store Litecoin from Coinbase’s  website or mobile apps, using easy payment methods like a credit/debit card or PayPal.




And the latest news: Reddit, which hosts communities for every single cryptocurrency in the world, is hoping to bring back crypto payments to the platform, this time with Ethereum and Litecoin in addition to Bitcoin, according to CTO
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May 03, 2018, 04:42:28 PM
Merited by SparkIt (5)
 #6079

I join this opinion.

It's POW's algorithm made the market as it is. Without a presence of prime cost in a form of electricity costs and an acquisition of equipment would not have formed such a high cost of the coin. And the fact that people continue to mine the coin despite a high costs, suggests that the price of the coin will go up again.

We can easily verify this by comparing POW-coins and POS-coins. All POS-coins are cheap. Compare a  price dynamics. When the market goes down, it's POS-coins fall most quickly, because people don't spend money on electricity, do not pay back their initial investments, but simply hold balances and a node. In fact, the value of the bottom of such coins is the average price at which they got to most of holders, adjusted for the panic of individual individuals and greed of others.

I agree with the argument that the rest of the cryptomarket has grown thanks to POW-coins because they do have value formed by costs. And therefore I invest in POW-coins.

I do agree with you that POW brings the coin more value in that when people buy equipment they are more "locked in" to their investment in the equipment and they can't just move coins to the market and sell them like POS coins, also the cost of the electricity used does give more merit as to why the coins are created. POW in my opinion does give more credence to the argument that these crypto coins are just not created out of thin air.

But can we honestly say that POW is sustainable for the future?

Most of the new projects in crypto are built on DPOS, do they know something we dont?

I can't help but think that POS is the future, maybe in the distant future though.

The main thing that has Litecoin is absolute liquidity in the crypto world: ATMs, exchanges and other services - LTC is already present everywhere. So this coin doesn't need to prove its potential with help hype.

This, for sure.

One of the main reasons why I hold is the exuberant amount of on-ramps for LTC, almost anyone in the world has a chance to get some. Just look at the pairs it has lited on CMC.

LTC
400 pairs

XMR
~130 pairs

EOS
130 pairs

ADA
Only about 30 pairs

All info comes from CMC so could be a bit arbitrary.

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gawlea
Hero Member
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Activity: 756
Merit: 579



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May 04, 2018, 06:23:07 AM
 #6080

Which pool is the best for mining?  Currently, I'm using Litecoinpool.org.

Is better to buy than to mine LTC nowadays.
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