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

[Furio]

     ltc lose  money currency bad

     time waste   

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]

     ltc lose  money currency bad

     time waste    

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

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 And, can't wait for events that occur once every 6-8weeks

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
b) Hobbyist coins - cult coins or bust coin saved by the owners of coin to enjoying being the boss  
c) Economic coin - high volume and price above 50 cent  

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

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

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

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

 

[richwang]

So lucky for litecoin

[RD965]

So lucky for litecoin

So lucky why? Its been difficult for both BTC LTC

[thevictimofuktyranny]

     ltc lose  money currency bad

     time waste    

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

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 And, can't wait for events that occur once every 6-8weeks

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
b) Hobbyist coins - cult coins or bust coin saved by the owners of coin to enjoying being the boss  
c) Economic coin - high volume and price above 50 cent  

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

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

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

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

 

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

   btc ltc alt Coin   the work of china magic  

   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

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

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

And, I am not going to liberate you from your ignorance

[arieq]

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]

Yes, crypto currencies are much more reliable then traditional banks

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

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

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

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

 

[Furio]

Yes, crypto currencies are much more reliable then traditional banks

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

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

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

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

 

Don't forget about the fact that EVERY banking system can be hacked....

[coinfinance]

Litecoin Price, markets, news, charts:

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

[RD965]

Litecoin Price, markets, news, charts:

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

Thank god you fixed the login section...

[thevictimofuktyranny]

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

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

[RD965]

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

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

So whats your point? That we are going up?

[thevictimofuktyranny]

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

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

So whats your point? That we are going up?

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

[RD965]

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

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

So whats your point? That we are going up?

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

Of course right now were getting read of weak hands, just hold onto your coins

[thevictimofuktyranny]

That's all you get on this thread about Litecoin until summer arrives

[swansong]

https://www.zapchain.com/video/v/h49JDLXbyw

Charlie Lee creator of Litecoin @ Zapchain. (Interview)

[thevictimofuktyranny]

https://www.zapchain.com/video/v/h49JDLXbyw

Charlie Lee creator of Litecoin @ Zapchain. (Interview)

Thanks, for the link

He is a very polite and a very pleasant man. Someone a woman could take home to meet the parents without worrying

The index between BTC and LTC he identifies is called the "Fiat Currency Exchange shuffle"; it was discovered on exchanges like BTC-E, where knowing when a commercial mining operation is depositing its' LTC or BTC (not forgetting large Fiat Currency deposits from rich investors) allows full time traders to shuffle their funds between Fiat Currency, BTC and LTC to enlarge their holdings of crypto currencies or Fiat Currency without extra investments.

Maybe, it included some inside information e.g. employee at the Fiat currency Exchange would tip his mates off when a large cash deposit had come in or large BTC deposit had come in or large LTC deposit had come in. However, it is possible to spot them without inside information, if you are willing to sit on the exchange 24/7

If, it was a Fiat Currency deposit, the day traders could inflate BTC and LTC prices  

If, it was a BTC deposit, the day traders could deflate BTC price  

If, it was a LTC deposit, the day traders could deflate LTC price  

The added twist, was shuffling between BTC and LTC according to whether the large depositors needed to sell LTC or BTC.

For a laugh, last year using the "Fiat Currency Exchange shuffle" at BTC-E, I turned a deposit of 10 Litecoins in 30 Litecoins in 2-3 weeks during my holidays off work

This kind of shenanigans do not help with crypto currency development. Newbie investors need to be protected as a priority agenda. Secondly, life is full of fun stuff to do and interesting things to discover

Therefore, sitting on an exchange 24/7 ain't my cup of tea and I guess the same applies for Charlie Lee
 

[hoie6060]

https://www.zapchain.com/video/v/h49JDLXbyw

Charlie Lee creator of Litecoin @ Zapchain. (Interview)

Thanks, for the link

He is a very polite and a very pleasant man. Someone a woman could take home to meet the parents without worrying

The index between BTC and LTC he identifies is called the "Fiat Currency Exchange shuffle"; it was discovered on exchanges like BTC-E, where knowing when a commercial mining operation is depositing its' LTC or BTC (not forgetting large Fiat Currency deposits from rich investors) allows full time traders to shuffle their funds between Fiat Currency, BTC and LTC to enlarge their holdings of crypto currencies or Fiat Currency without extra investments.

Maybe, it included some inside information e.g. employee at the Fiat currency Exchange would tip his mates off when a large cash deposit had come in or large BTC deposit had come in or large LTC deposit had come in. However, it is possible to spot them without inside information, if you are willing to sit on the exchange 24/7

If, it was a Fiat Currency deposit, the day traders could inflate BTC and LTC prices  

If, it was a BTC deposit, the day traders could deflate BTC price  

If, it was a LTC deposit, the day traders could deflate LTC price  

The added twist, was shuffling between BTC and LTC according to whether the large depositors needed to sell LTC or BTC.

For a laugh, last year using the "Fiat Currency Exchange shuffle" at BTC-E, I turned a deposit of 10 Litecoins in 30 Litecoins in 2-3 weeks during my holidays off work

This kind of shenanigans do not help with crypto currency development. Newbie investors need to be protected as a priority agenda. Secondly, life is full of fun stuff to do and interesting things to discover

Therefore, sitting on an exchange 24/7 ain't my cup of tea and I guess the same applies for Charlie Lee
 

Nice. Never thought that way about what deposits would inflate/deflate prices, but it sounds reasonable.

Perhaps I should read the market data more closely next time I gonna trade my LTC. 

[RD965]

That's all you get on this thread about Litecoin until summer arrives

We never get much news.... so true...

[Mewtwo]

That's all you get on this thread about Litecoin until summer arrives

We never get much news.... so true...

I actually thought this coin had died already and only bagholders were left keeping it on number 3.