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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1466173 times)
a1a23xzch1112
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May 16, 2018, 03:20:49 PM
 #6121

I think that BTC is pulling down all alts right now, really hope LTC or some other coin will grow faster so it will not happen so much in the future. I think LTc has the potential to be that coin.
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Haynes
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May 16, 2018, 05:03:49 PM
 #6122

The fact that so many litecoin users run full nodes is one reason for such decentralized crypto compared to many other nonsense coins.I would recommend you all to start the full node. The load on your pc is small. If you have litecoin, it's only natural that you also want to protect litecoin and fix it.
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May 16, 2018, 07:33:27 PM
Merited by FractalUniverse (1)
 #6123

Latest prices for the 'supposed' top of the line scrypt-pow miner available to consumers, the Bitmain L3+ (they have a ++ but guys on here have a tiny overclock mod you can make your L3+ into an L3++ should
you choose)

Anyway at my current rates (data hall month to month controlled climate etc) a 500mh 800watt L3+ makes 68c a day...kinda hard to see how the network is gonna work, LTC wise, with the top of the line
scrypt-pow product available (if brave enough price wise) is only making 68c a day. The question becomes...what if the price dumps due to say a mt. gox btc dump...taking LTC along with it? or just the
fact that LTC difficulty is at a pretty constant 30% per month (this may change ...so far this month 15% for about 1/2 the month) or GASP Bitmain releases the 'supposed' 1.5gh 400 watt scrypt-pow miner
and mines them (as in the past) for 4 months or more...and only offer them as a pre-order available late fall 2018 say.....any 2 of the above would be frigging 'dire' indeed!



makes you ponder

here are the stats and calcs from www.litecoinpool.org/calc I used my month to month rates...feel free to use yours. Remember this is a free no cost pool that pays at 101% and the calculator
reflects this

24 hours   0.02437126 LTC   3.36 USD   2.69 USD   0.68 USD
7 days   0.17059880 LTC   23.54 USD   18.82 USD   4.73 USD
30 days   0.73113772 LTC   100.90 USD   80.64 USD   20.26 USD

Right now, we really need a price pump in LTC, but that will simply make more folk by miners...thus difficulty will likely counteract any gains in LTC mining  ...thus same loop of low price per mining

an L3+. If Bitmain does the usual and makes a new product (the supposed 1.5gh 400 watt miner for scrypt-pow) and does the usual and mines if for 4-5 months before release to consumers...well

LTC mining, HOME mining, outside of Bitmain data halls, run at their reduced costs, could be deader than dead with that combo of new equip (only available to bitmain data halls) and pre-order risks and of course a sideways price ..as we have seen... so ...we are back slipping quite a bit

anyway, mostly this post is for those who trade and HODL LTC as a heads up for what is going on ...us miners are well, and I mean well, aware of these facts

brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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May 16, 2018, 08:43:59 PM
 #6124

Searing: Your reasoning sounds good, but to me, the markets looks suspicious. I wouldn't be surprised, if it went below $100, before it goes above $200.

Same goes for bitcoin. Whales are either loading up some coins before pump, or trying to sell as many coins as possible here [without pushing price down fast too early] before initiating massive dump. Im watching order books trying to figure out whats going on below surface, but i have no clue yet Cheesy
There is something fishy going on, whole price action of last couple of days is weird. Im curious what will be the outcome.

+many miners can mine with loss for some time, and keep the coins without selling them instantly. some can do it for months until price is favorable again-as they did in the past
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May 17, 2018, 12:50:03 AM
 #6125

Searing: Your reasoning sounds good, but to me, the markets looks suspicious. I wouldn't be surprised, if it went below $100, before it goes above $200.

Same goes for bitcoin. Whales are either loading up some coins before pump, or trying to sell as many coins as possible here [without pushing price down fast too early] before initiating massive dump. Im watching order books trying to figure out whats going on below surface, but i have no clue yet Cheesy
There is something fishy going on, whole price action of last couple of days is weird. Im curious what will be the outcome.

+many miners can mine with loss for some time, and keep the coins without selling them instantly. some can do it for months until price is favorable again-as they did in the past

Totally agree with you. I am a frequent trader of LTC and a big long term holding also. So i am engaged in both the cases. Just waiting for a good news.
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May 17, 2018, 04:25:46 AM
Merited by FractalUniverse (1)
 #6126

Searing: Your reasoning sounds good, but to me, the markets looks suspicious. I wouldn't be surprised, if it went below $100, before it goes above $200.

Same goes for bitcoin. Whales are either loading up some coins before pump, or trying to sell as many coins as possible here [without pushing price down fast too early] before initiating massive dump. Im watching order books trying to figure out whats going on below surface, but i have no clue yet Cheesy
There is something fishy going on, whole price action of last couple of days is weird. Im curious what will be the outcome.

+many miners can mine with loss for some time, and keep the coins without selling them instantly. some can do it for months until price is favorable again-as they did in the past

It is either a massive 'setup' IMHO, to drive the price of crypto down ...BTC etc with FUD and the mt. gox scare of dumping..for cheap coin, for big institutional folk to get on board with cheap coin

after 'missing the boat' in previous years or....it is going to dump because of the mt. gox whale and his 'obvious' slamming of BTC down (taking other alts with it) by ALWAYS selling on an exchange

and on the low price side...I mean, it is almost like he was picked by Japanese Bankers...to oversee this and wants to trash BTC big time on the liguidation...to bolster his 'cred' when he goes back

to his 'regular job' in the banking industry (naw, they would not do that right?) FML

so it is a dump in price to set up a massive pump at 'cheap coin' prices etc

or

it is a dump in price because adoption can't keep up with the reality that mt. gox liguidation trustee has to move 1.9 billion in usd by the end of this year (trustee wants to get paid and the japanese

gov't probably wants this whole mt. gox over with...)

jeez, either option looks like crap on the above re-read

again

FML

brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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May 17, 2018, 08:45:49 AM
 #6127

What do you think about this LTC/USD technical analysis?

https://bestcrypto.tv/1358/litecoin-technical-analysis-ltc-usd-may-15-2018/
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May 17, 2018, 09:04:13 AM
 #6128

What do you think about this LTC/USD technical analysis?

https://bestcrypto.tv/1358/litecoin-technical-analysis-ltc-usd-may-15-2018/

It's like any other TA. A hot mess of assumptions and possible outcomes that basically tells you nothing...
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May 17, 2018, 07:11:48 PM
 #6129

What do you think about this LTC/USD technical analysis?

https://bestcrypto.tv/1358/litecoin-technical-analysis-ltc-usd-may-15-2018/

It's like any other TA. A hot mess of assumptions and possible outcomes that basically tells you nothing...


the catch with all crypto prices...is that if mt. gox trustee dumps say 400 million usd of BTC all assumptions are dorked....

why everyone is sitting on hands and all crypto looks muddied...even with relatively good news

where BTC goes LTC follows....uncertainty sucks!


Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
zahidmoon
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May 17, 2018, 07:25:42 PM
 #6130

What do you think about this LTC/USD technical analysis?

https://bestcrypto.tv/1358/litecoin-technical-analysis-ltc-usd-may-15-2018/

It's like any other TA. A hot mess of assumptions and possible outcomes that basically tells you nothing...


the catch with all crypto prices...is that if mt. gox trustee dumps say 400 million usd of BTC all assumptions are dorked....

why everyone is sitting on hands and all crypto looks muddied...even with relatively good news

where BTC goes LTC follows....uncertainty sucks!


yes i agree with you on that ltc is following BTC but right now the news of mt.gox make market disturb
and also no news coming from litecoin team and litcoin price is going down day by day
but bullish move will soon to happen it seems
also Billionaire Mike Novogratz said that The Next 3 to 12 Months Will be Very Exciting for Cryptocurrencies - Toshi Times
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May 17, 2018, 09:20:28 PM
 #6131

What do you think about this LTC/USD technical analysis?

https://bestcrypto.tv/1358/litecoin-technical-analysis-ltc-usd-may-15-2018/

It's like any other TA. A hot mess of assumptions and possible outcomes that basically tells you nothing...

TA is actually quite accurate, simply because people believe in it, which makes it a self fulfilling prophecy. Resistance and support lines are real, patterns are real, because people expect them to.

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May 18, 2018, 10:18:34 PM
 #6132

if someone asks you for private key, usually it means that you will lose all of your tokens in a couple of seconds
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May 19, 2018, 01:25:35 AM
 #6133

Litecoin is vying to become a “medium of exchange” for the digital world. Its end goal is to complement, if not fully substitute the slower and more expensive cryptocurrency.
And holders are the winners in this jungle of crypto world.
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May 19, 2018, 05:58:09 AM
 #6134

LTC very well holds the level of 0.016. I think that you can expect a good growth from LTC, when the situation with bitcoin is stabilized and it will stop falling. Recently, light has proved worthy of many crypto-currencies.
Hope, we will see new highs this year)
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May 19, 2018, 06:11:22 PM
 #6135

I think a lot of newbies buy litecoin because its easy to buy on coinbase
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May 20, 2018, 02:49:22 AM
 #6136

LTC very well holds the level of 0.016. I think that you can expect a good growth from LTC, when the situation with bitcoin is stabilized and it will stop falling. Recently, light has proved worthy of many crypto-currencies.
Hope, we will see new highs this year)
Yes, this should be one of the most primitive coins. I believe there will be a peak coming again in the future.
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May 20, 2018, 04:04:08 AM
 #6137

As an aside on Litecoin Mining....with .....supposedly, the latest available and cheapest prices ..current generation machine for offered for consumers by

Bitmain...an L3+ at 500mh and 800 watts...at $135 LTC.well at my current rent/hosting rate...I am currently at 54c a day per L3+ (there is a community supported

overclock on another thread I have heard that is safe...so maybe I could add 10% hash..and make 61c per day...have not got to it yet)

So 54c a day at $135 LTC, this is NOT looking good... the difficulty is still outstripping price by more than a 'bit' IMHO.

At the current difficulty today, I would need, $155 LTC to make over a buck at $1.01 USD....per day...

So again, mostly for those that don't mine or are unaware on this thread, the danger is that even IF the price of LTC went back to $200 bucks...if the

difficulty continues to outstrip what the consumer version miner that Bitmain makes the L3+ as an example..then it will 'complete' centralization

in that, only the mnfg (Bitmain)..that gets these units at 'likely' 20% at cost at worst...with 'supposed' cheap electric....could mine..the rest of us

consumer sized folk buying the consumer versions at the Bitmain prices...would be beyond 'screwed' ....to say that pow-scrypt

mining (LTC) would be centralized would be an epic understatement...which I can't see the price of LTC, reflecting well,

if only Bitmain sized operations suddenly can mine at a profit (meager for them it may be as well)....due to their large economy of scale...
 
We need a breakout in price for LTC (scrypt-pow mining) and BTC (sha-256) as well...or again, IMHO the price will reflect the elephants in the room

and the obviousness of 'complete and utter' centralization of these coins and price will reflect this badly in price (again, IMHO) and it may be rinse/wash

and repeat on a price spiral down...further...

shudder

edit: Just to clarify I have 22 Bitmain Units up in a data hall....so my idea of me being small and it not working out (all but 6 have ROI'd) should have

some meaning from where I'm coming from on all this.....



Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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May 20, 2018, 11:05:20 AM
 #6138

i m not a technical guy but wouldn t ltc be fucked it they keep on this path since bitmain will not change their tactics any time soon

the change should come from ltc as i can imagine they see this too that most of their coins are getting mined by one or two company s

if this keeps up problably most people will move away from ltc imo therefore tanking the price

it could happen that script mining will become absolete or the coins that have scriptmining will devalue a lot
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May 20, 2018, 01:26:31 PM
 #6139

I think a lot of newbies buy litecoin because its easy to buy on coinbase

Not only that, because is well established currency, one of the oldest projects, it's stable and has cheap transaction costs.
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May 20, 2018, 01:31:28 PM
 #6140

This market of LTC as far as I understood works in its ways. There are periods when steady increase in its price keeps going on and then similar when there is no visible surge in its price. Satoshi Lite is active and doing his best for this baby so all will be better again. Just need supportive market and LTC will be flying like before.
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