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

[Angel Di]

Yet another struggle at the border of 200 USD for our Litecoin just now...
Volume is up, price goes down, this is usually a messenger of unpleasant news...

Do you think it's not worth holding at this moment?

Nope, sell all. Trust me, I got this info from a random guy on the interwebs

Simple question at me and why it is not necessary to sell in the nearest future? What such important has to occur during this period of time? And so of course it agrees, the coin is checked by time and perhaps has the right to live. And in general probably if there is growth, then only together with all coins together, together with the main growth as already usually we observed it in previous years.

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[Totscha]

Yet another struggle at the border of 200 USD for our Litecoin just now...
Volume is up, price goes down, this is usually a messenger of unpleasant news...

Do you think it's not worth holding at this moment?

Nope, sell all. Trust me, I got this info from a random guy on the interwebs

Simple question at me and why it is not necessary to sell in the nearest future? What such important has to occur during this period of time? And so of course it agrees, the coin is checked by time and perhaps has the right to live. And in general probably if there is growth, then only together with all coins together, together with the main growth as already usually we observed it in previous years.

What the hell did I just read? 

[RbiggerG]

Tyler Winklevoss has weighed in on Litecoin:

https://www.inverse.com/article/41773-litecoin-tyler-winklevoss-cryptocurrency-bitcoin-billionaire

At a speaking event on Tuesday, Facebook pioneer and bitcoin billionaire Tyler Winklevoss took that point to its logical conclusion. By his reckoning, Litecoin isn’t the silver to bitcoin’s gold, or the Vegeta to bitcoin’s Goku, as coin creator and Dragon Ball Z fan Charlie Lee is fond of tweeting about. Rather, he said Litecoin is basically one big beta test for potential bitcoin features rather than an end in and of itself.

The technical term that Winklevoss used is “testnet,” which is any alternative bitcoin blockchain designed strictly for testing purposes. A testnet has its own coins, but this cryptocurrency is not supposed to accrue any actual value. Developers can experiment with the testnet without posing any actual risk to the all-important main bitcoin blockchain.

Of course, there’s a big difference between a testnet that has no value and Litecoin, which has a market capitalization of $11.8 billion.

Litecoin hold for more than a year, it does not grow particularly fast. I hope this year it will grow more than last year.

Are you looking at different numbers than me? If you held Litecoin for more than a year you probably bought it for less than $4. That means your investment made you 5000%. Hm, if that isn't particularly fast growth, please tell me what is?

tell me about it...I have 400 LTC sitting in a cold wallet for that very reason.....I need to hold for more than 1 year...at short term 40% capital gains plus the further 10% to my state
taxes if dumped before a year ..would be really, really ugly on coin I mined at less than $4.15 usd more or less (If I can last till around August and not move any to $$$)

rock=hard place...(need non-dubious asic equipment ..not likely...or need $300 to $400 buck LTC er a bit more likely than non-dubious asic equipment)

so we also serve who HODL and wait, I guess......

still ticked about the litepay not having consumer credit cards...if that puppy would have flown....we'd be at $400 plus LTC now ...(grumble...kicks can down road...grrrrrr)

$400 might be possible but even Charlie himself said that he is quite surprised by the prices we have seen for LTC. Not sure how much of an impact consumer credit cards for litepay would really have.

[True Spartan]

I wish Gdax didn't freeze my account for the reasoning that I owe them 0.00$ I would really like to have access to my litecoin....

[Spaniarder]

Yet another struggle at the border of 200 USD for our Litecoin just now...
Volume is up, price goes down, this is usually a messenger of unpleasant news...

Do you think it's not worth holding at this moment?

Nope, sell all. Trust me, I got this info from a random guy on the interwebs

Funny suggestion but it will work for all out of mind people who are looking for on this thread. Who don't remember that never anybody especially in long term investment who always lose and keep asking like that.

Not making decisions, just checking opinions)
As for me, not going to sell LTC anytime soon.

Everybody must take his/her own decisions, not based on the opinion of others. Rule #1 in crypto
Some say it is weak hands to sell while market is crashing; some say it smart ways to sell when market is crashing, so that you can buy the dip.
Choose wisely in anycase.

I agree with your opinion. All the risk is in your own hands and the decision to buy or sell as well.
Think before making a decision. 

Well, that’s that, LTC lingers in people mind, some kind of anchoring effect, so they decide to HODL it at any circumstances.

[Searing]

I was wondering with ASICboost being made open source now for BTC Sha-256 miners...is that something that can eventually be adopted by LTC and/or scrypt-pow miners?

just curious

brad

[Call_Me_Bambi]

This news about the decline of Litecoin is not that bad taking it in context with the current state of the market. We have had good times and we will have bad times but Litcoin's position in the market is assured as it is an the alternative to Bitcoin.

The world’s fifth-largest cryptocurrency plummeted to $160.43 at 6am, its lowest price since February 13 when it was $158.50, according to CoinMarketCap.
Although it rose to $176.13 at 1.09pm, the digital token still down 5.03 percent over the last 24 hours, as of 1.32pm.
https://www.express.co.uk/finance/city/929507/Litecoin-price-drop-why-fallen-will-Litecoin-go-back-up-cryptocurrency-latest

[Searing]

This news about the decline of Litecoin is not that bad taking it in context with the current state of the market. We have had good times and we will have bad times but Litcoin's position in the market is assured as it is an the alternative to Bitcoin.

The world’s fifth-largest cryptocurrency plummeted to $160.43 at 6am, its lowest price since February 13 when it was $158.50, according to CoinMarketCap.
Although it rose to $176.13 at 1.09pm, the digital token still down 5.03 percent over the last 24 hours, as of 1.32pm.
https://www.express.co.uk/finance/city/929507/Litecoin-price-drop-why-fallen-will-Litecoin-go-back-up-cryptocurrency-latest

I've seen charts *unknown how legit* where all the dumps from 18k and downward of any major note...has been from the mt. gox trustee dumping BTC to USD for the settlement...

if that is the case...LTC and other alts are gonna go sideways at best..till that clears out...assuming LTC stays connected in price to BTC price....

so far I have read that the mt. gox trustee has dumped 500 million since nov/dec and has 1.5 billion dollars to go..and has stated they are trying to get the 'highest price possible'

we could see this go on for the rest of the year of sideways or down prices for all crypto ..if they follow BTC's lead on these dumps...

EDITED....

ADDED THE LINK BELOW:


https://www.newsbtc.com/2018/03/09/trustee-triggers-second-major-bitcoin-price-crash-related-to-mt-gox/

[rgsnedds]

This news about the decline of Litecoin is not that bad taking it in context with the current state of the market. We have had good times and we will have bad times but Litcoin's position in the market is assured as it is an the alternative to Bitcoin.

The world’s fifth-largest cryptocurrency plummeted to $160.43 at 6am, its lowest price since February 13 when it was $158.50, according to CoinMarketCap.
Although it rose to $176.13 at 1.09pm, the digital token still down 5.03 percent over the last 24 hours, as of 1.32pm.
https://www.express.co.uk/finance/city/929507/Litecoin-price-drop-why-fallen-will-Litecoin-go-back-up-cryptocurrency-latest

I've seen charts *unknown how legit* where all the dumps from 18k and downward of any major note...has been from the mt. gox trustee dumping BTC to USD for the settlement...

if that is the case...LTC and other alts are gonna go sideways at best..till that clears out...assuming LTC stays connected in price to BTC price....

so far I have read that the mt. gox trustee has dumped 500 million since nov/dec and has 1.5 billion dollars to go..and has stated they are trying to get the 'highest price possible'

we could see this go on for the rest of the year of sideways or down prices for all crypto ..if they follow BTC's lead on these dumps...

i finally got round to charting stuff earlier.. in light of what we know (160,000BTC still to sell by mt gox trustee)

My chart shows our 2018 channel for BTC to be highs of $10407 with lows of $6683...
so LTC... what searing says... sideways for a while to come.

[Searing]

This news about the decline of Litecoin is not that bad taking it in context with the current state of the market. We have had good times and we will have bad times but Litcoin's position in the market is assured as it is an the alternative to Bitcoin.

The world’s fifth-largest cryptocurrency plummeted to $160.43 at 6am, its lowest price since February 13 when it was $158.50, according to CoinMarketCap.
Although it rose to $176.13 at 1.09pm, the digital token still down 5.03 percent over the last 24 hours, as of 1.32pm.
https://www.express.co.uk/finance/city/929507/Litecoin-price-drop-why-fallen-will-Litecoin-go-back-up-cryptocurrency-latest

I've seen charts *unknown how legit* where all the dumps from 18k and downward of any major note...has been from the mt. gox trustee dumping BTC to USD for the settlement...

if that is the case...LTC and other alts are gonna go sideways at best..till that clears out...assuming LTC stays connected in price to BTC price....

so far I have read that the mt. gox trustee has dumped 500 million since nov/dec and has 1.5 billion dollars to go..and has stated they are trying to get the 'highest price possible'

we could see this go on for the rest of the year of sideways or down prices for all crypto ..if they follow BTC's lead on these dumps...

i finally got round to charting stuff earlier.. in light of what we know (160,000BTC still to sell by mt gox trustee)

My chart shows our 2018 channel for BTC to be highs of $10407 with lows of $6683...
so LTC... what searing says... sideways for a while to come.

HEY...prove me wrong...I want to be 'full of sh*t' on much of what I say lately....alas, it has not been happening....I am distraught, ACK!

[rgsnedds]

This news about the decline of Litecoin is not that bad taking it in context with the current state of the market. We have had good times and we will have bad times but Litcoin's position in the market is assured as it is an the alternative to Bitcoin.

The world’s fifth-largest cryptocurrency plummeted to $160.43 at 6am, its lowest price since February 13 when it was $158.50, according to CoinMarketCap.
Although it rose to $176.13 at 1.09pm, the digital token still down 5.03 percent over the last 24 hours, as of 1.32pm.
https://www.express.co.uk/finance/city/929507/Litecoin-price-drop-why-fallen-will-Litecoin-go-back-up-cryptocurrency-latest

I've seen charts *unknown how legit* where all the dumps from 18k and downward of any major note...has been from the mt. gox trustee dumping BTC to USD for the settlement...

if that is the case...LTC and other alts are gonna go sideways at best..till that clears out...assuming LTC stays connected in price to BTC price....

so far I have read that the mt. gox trustee has dumped 500 million since nov/dec and has 1.5 billion dollars to go..and has stated they are trying to get the 'highest price possible'

we could see this go on for the rest of the year of sideways or down prices for all crypto ..if they follow BTC's lead on these dumps...

i finally got round to charting stuff earlier.. in light of what we know (160,000BTC still to sell by mt gox trustee)

My chart shows our 2018 channel for BTC to be highs of $10407 with lows of $6683...
so LTC... what searing says... sideways for a while to come.

HEY...prove me wrong...I want to be 'full of sh*t' on much of what I say lately....alas, it has not been happening....I am distraught, ACK!

that's always been your problem bro... you think you must be full of shit and 99% of the time you are right on the money.

[Searing]

This news about the decline of Litecoin is not that bad taking it in context with the current state of the market. We have had good times and we will have bad times but Litcoin's position in the market is assured as it is an the alternative to Bitcoin.

The world’s fifth-largest cryptocurrency plummeted to $160.43 at 6am, its lowest price since February 13 when it was $158.50, according to CoinMarketCap.
Although it rose to $176.13 at 1.09pm, the digital token still down 5.03 percent over the last 24 hours, as of 1.32pm.
https://www.express.co.uk/finance/city/929507/Litecoin-price-drop-why-fallen-will-Litecoin-go-back-up-cryptocurrency-latest

I've seen charts *unknown how legit* where all the dumps from 18k and downward of any major note...has been from the mt. gox trustee dumping BTC to USD for the settlement...

if that is the case...LTC and other alts are gonna go sideways at best..till that clears out...assuming LTC stays connected in price to BTC price....

so far I have read that the mt. gox trustee has dumped 500 million since nov/dec and has 1.5 billion dollars to go..and has stated they are trying to get the 'highest price possible'

we could see this go on for the rest of the year of sideways or down prices for all crypto ..if they follow BTC's lead on these dumps...

i finally got round to charting stuff earlier.. in light of what we know (160,000BTC still to sell by mt gox trustee)

My chart shows our 2018 channel for BTC to be highs of $10407 with lows of $6683...
so LTC... what searing says... sideways for a while to come.

HEY...prove me wrong...I want to be 'full of sh*t' on much of what I say lately....alas, it has not been happening....I am distraught, ACK!

that's always been your problem bro... you think you must be full of shit and 99% of the time you are right on the money.

yeah...its a frigging curse..it messes up my unicorn/rainbow/fairy dust/Bambi loving view of what I want the crypto universe to be!....annoying...

[datguyian]

Yet another struggle at the border of 200 USD for our Litecoin just now...
Volume is up, price goes down, this is usually a messenger of unpleasant news...

Do you think it's not worth holding at this moment?

Nope, sell all. Trust me, I got this info from a random guy on the interwebs

Funny suggestion but it will work for all out of mind people who are looking for on this thread. Who don't remember that never anybody especially in long term investment who always lose and keep asking like that.

Not making decisions, just checking opinions)
As for me, not going to sell LTC anytime soon.

Everybody must take his/her own decisions, not based on the opinion of others. Rule #1 in crypto
Some say it is weak hands to sell while market is crashing; some say it smart ways to sell when market is crashing, so that you can buy the dip.
Choose wisely in anycase.

Depends of course when you sell while the market is crashing. If you hit the bottom with your sell order you are smashed. If you sell while it just starts to crash you might be off quite well. Always difficult to hit those movements perfectly. Better take profit when you are satisfied with your ROI.

[kobo_eth]

Yet another struggle at the border of 200 USD for our Litecoin just now...
Volume is up, price goes down, this is usually a messenger of unpleasant news...

Do you think it's not worth holding at this moment?

Nope, sell all. Trust me, I got this info from a random guy on the interwebs

Funny suggestion but it will work for all out of mind people who are looking for on this thread. Who don't remember that never anybody especially in long term investment who always lose and keep asking like that.

Not making decisions, just checking opinions)
As for me, not going to sell LTC anytime soon.

Everybody must take his/her own decisions, not based on the opinion of others. Rule #1 in crypto
Some say it is weak hands to sell while market is crashing; some say it smart ways to sell when market is crashing, so that you can buy the dip.
Choose wisely in anycase.

Depends of course when you sell while the market is crashing. If you hit the bottom with your sell order you are smashed. If you sell while it just starts to crash you might be off quite well. Always difficult to hit those movements perfectly. Better take profit when you are satisfied with your ROI.

Yeah, exactly on spot! This time it seems that I sold the bottom, instead of buying it. Sold almost all of my litecoin holdings when it was around 130 euro 2 days ago, hoping that the downtrend will continue. Actually LTC jumped with 20 euros above. Still, I am waiting and wil not re-buy until the price goes near what I sold to at latest

[Searing]

I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)

[edgar]

i thought u were tax exempt after a year??

[rgsnedds]

I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)

surely if you don't sell them, it's not yet money... just keep 'em in the wallet.

[bitcoin8x]

I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)

surely if you don't sell them, it's not yet money... just keep 'em in the wallet.

But it is money. You can pay with litecoin no problem. As long as you can use something to pay for something else, shouldn't it automatically be considered 'money'?

[Searing]

I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)

surely if you don't sell them, it's not yet money... just keep 'em in the wallet.

But it is money. You can pay with litecoin no problem. As long as you can use something to pay for something else, shouldn't it automatically be considered 'money'?

when you sell is the key.....if the price is high ...you sell ..to cover expenses...if the price is low you have to sell more

also in the USA cryptocurrencies are considered property...if you sell before 1 year and 1 day it is 40% on capital gains and 10% to my state taxes (more or less)

and it is 20% on capital gains and 10% tax man..in that most of my LTC was at around $4.15 as you can tell this is gonna suck!

by the by ..I'm retired and trying to live off ALT hoard (saving BTC hoard) for the next 3 years..with hopefully mining at least into Fall 2018 worst case

thus have to keep ahead of the taxes that MAY be do..month to month..don't want to be caught behind the curve to tax man..if mining stops and income from

such stuff stops...or again..if price is low more ALT coins out the door like LTC to cover that optional stuff like: food/heat/clothing/medical etc

[RimmerAce]

What is happening with LitePay?