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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1279515 times)
SparkIt
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April 29, 2018, 04:57:05 PM
 #6081

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.
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OWZ1337
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April 29, 2018, 05:18:28 PM
 #6082

check this news about litecoin
https://www.ccn.com/litecoin-payments-quietly-start-catching-on/
Litecoin Payments are Quietly Starting to Catch On
As Mr. Lee recently tweeted:

“FYI: Coinbase’s Shift Visa debit card can be linked to any wallet in your Coinbase account. So, in addition to BTC, it can be set up to deduct from your LTC


~does litecoin take credit cards?  Roll Eyes  wow first he sells all his coins >>> now he's selling us out to visa? hmmm

I am not a Financial Analyst, Investment Broker, Financial Adviser, Crypto-Guru or any sort of professional that would be deemed trustworthy! Wink weee™
Searing
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April 29, 2018, 07:34:40 PM
 #6083

looks like ltc is going up again next week

{i just posted this because now the thread will pop up in my posts so can keep better tabs on it  Cheesy }


With litecoin pow-scrypt difficulty as it is, and rising, it is going to have to do much better than $152 per LTC.

Right now my fees for elec/rent/etc comes out to for ONE L3+ at 500mh and 800w a whopping $1.95 per day,

this is NOT sustainable with the amount of hash hitting the world by Bitmain and others...we will see...this could get very ugly...

$1.95 per L3+ pers day! Living the Dream!

















 

 

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dirruk
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April 29, 2018, 08:00:05 PM
 #6084

looks like ltc is going up again next week

{i just posted this because now the thread will pop up in my posts so can keep better tabs on it  Cheesy }


With litecoin pow-scrypt difficulty as it is, and rising, it is going to have to do much better than $152 per LTC.

Right now my fees for elec/rent/etc comes out to for ONE L3+ at 500mh and 800w a whopping $1.95 per day,

this is NOT sustainable with the amount of hash hitting the world by Bitmain and others...we will see...this could get very ugly...

$1.95 per L3+ pers day! Living the Dream!





i m not a miner but i can imagine you are not selling anything you mine atm waiting on better prices

crypto research discord https://discord.gg/vGZzB4w

great info about legit projects and scamcoins
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April 29, 2018, 10:48:17 PM
 #6085

looks like ltc is going up again next week

{i just posted this because now the thread will pop up in my posts so can keep better tabs on it  Cheesy }


With litecoin pow-scrypt difficulty as it is, and rising, it is going to have to do much better than $152 per LTC.

Right now my fees for elec/rent/etc comes out to for ONE L3+ at 500mh and 800w a whopping $1.95 per day,

this is NOT sustainable with the amount of hash hitting the world by Bitmain and others...we will see...this could get very ugly...

$1.95 per L3+ pers day! Living the Dream!





i m not a miner but i can imagine you are not selling anything you mine atm waiting on better prices

Electric/data hall rent etc, etc..... Bill is currently for 8100mh exactly $1,270.08...per month...profit per month at 154 LTC is $952.80

As I said, with scrypt-pow equipment hitting from Bitmain and what people are 'guessing' of a 1.5gh 400w miner Bitmain will offer in the Fall but

run itself all summer (they did this from Nov 15th till Mar 15th....took order but did not deliver till March..mined themselves and difficulty went up 100%)

Just saying...price vs above games/equipment dump and such....it is not sustainable

as to the electric question you have to sell LTC month to month to pay the nice electric/data hall fees

not looking very good at the moment for scrypt-pow and LTC ....consequences if mining vs profit gets too out of whack

Also my stuff is All R.O.I.'d but 6 units I got on a hedge with 'dubious alts' in case price of BTC (effecting alt prices) dumped again from 8k to 6.6k..

again, dubious alts so it was kinda a wash...guys not in my boat that got all in this last march/spring...they got to be going crazy right now















 

 

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deglog8
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April 30, 2018, 08:48:57 AM
 #6086

Hey, I have a quick question about tx fees. If I send a multi transaction to 20 addresses, sending each of them 0.0009, I have to pay a 0.001 fee for each of the 20 addresses I am sending to. But if I send same transaction but raise it to 0.001 each, I only pay a transaction fee on the change going to a new address in my wallet. Is there a better way around this?
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April 30, 2018, 11:50:53 AM
 #6087

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
 #6088

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
 #6089

what are the potential ramifications of a revision higher for the total supply as Charlie mentioned in the interview recently?


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abdulaziz07
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April 30, 2018, 12:43:33 PM
 #6090

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
 #6091

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














 

 

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greatteager
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April 30, 2018, 08:13:42 PM
 #6092

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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bitChipper
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April 30, 2018, 10:05:16 PM
 #6093

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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May 01, 2018, 07:37:54 AM
Merited by bitChipper (5), Searing (1)
 #6094

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
 #6095

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

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May 01, 2018, 01:21:12 PM
 #6096

Litecoin is now listed on CryptoChartIndex , Now you can get all information regarding LTC on CryptoChartIndex!
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May 01, 2018, 02:56:26 PM
 #6097

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.
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May 02, 2018, 02:07:34 PM
 #6098

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
 #6099

Which pool is the best for mining?  Currently, I'm using Litecoinpool.org.
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May 02, 2018, 07:45:49 PM
 #6100

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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