Can Litecoin hold the #2 spot? Doubtful..and here are the coins who will benefit

[Crindon]

I don't think that Litecoin is dead for the same reason that Bitcoin is dead. Litecoin has branding power and some legacy to it. It is the first altcoin.

I think that Litecoin may fall a little bit in standing, but it won't die out completely. There are some innovative coins coming out that offer strong competition like CinniCoin with its encrypted messaging and invoice, receipt and SKU system and export into QuickBooks. X11C apparently has some new features coming out and it is going to get a lot of attention when Rev2 comes out.

[NEM minnow]

please put your names on this topic so we can all laugh at you in a year

we have all heard the sky is falling on LTC before.. it's as old as "it's going on Gox soon" lol

i need to compile an I told you so list i think.

in a year people will be like Dark what ? NXt what ? Nem what ? What are those scam coins ? lol
and they will be trading up a frenzy with Jackpot coin

I think that in a year from now people will be like, "Dark what???"

But that Litecoin, NEM, and NXT will all be in the top 10.  Just in what order isn't exactly clear.  There are way too many factors. 

PoS right now is an experiment that is growing and growing and growing.  It very well could pop because of a flaw or something we don't know about.  It is very possible.

On the other hand.  It could keep on going.  Did you know a guy at NXT is running a testnet on a distributed exchange?  You can trade BTC for LTC directly via the NXT asset exchange (not ever having to touch NXT except to pay the very small fee).  And since the exchange is distributed, there is no one central party to run away with your money and GOX you.  When and if it comes out, I will do all my trades there.  He is also saying he will cut the fees in half or more that regular exchanges charge.  Try to do that with BTC or LTC. 

NXT in a few months has already done what took Mastercoin (working with bitcoin) over a year to do and NXT's version is waaaaaay better, faster, and easier to use.  Months or years ahead of Mastercoin. 

I think that kind of innovation is hard to just forget about.  If NXT didn't have such an awful back story, it would already be much bigger than it is.  But at some point people are going to say, "yeah...... how it started sucked, but it is way more safer than Crypsy, and cheaper too. No more tickets and no more lost funds."

And that is just one of many functions that are planned. 

[digitalindustry]

ha ha just browsing this topic and others i love how people keep bringing up NXT and everyone ignores it like the circle jerk it is, just though id add that .

honestly i hardly even know what it is, when you scam, you have have to make your scams at least partially believable i think thats the lesson here.

same goes for "Etherum" etc and Ripple, its like they are trying to push this stuff onto the market in a peer driven environment, how did that all work out?

sorry guys give me the halving "scam" any day at least it lets a few people in, you don't even have a community.

this is why Litecoin will continue to do ok.  

[smoothie]

Basically the argument is:

"LTC isn't innovative and has no new features therefore the coin I am invested in should be the new #2 coin and that is why you should buy it so I can dump it on you when the price gets high enough so I can be rich!"

 

[Anotheranonlol]

who can remember the ridiculous run up from ~$2 per LTC to $45? which came out of the blue after years of ltc stagnation
what was the catalyst? a keiser tweet...   Roll Eyes $9 - $48 in 3 days?? -- totallly manipulated coin. whales control the market
and can leave a trail of bagholders if they decide to turn the lights off on their way out

[smoothie]

who can remember the ridiculous run up from ~$2 per LTC to $45? which came out of the blue after years of ltc stagnation
what was the catalyst? a keiser tweet...   $9 - $48 in 3 days?? -- totallly manipulated coin. whales control the market
and can leave a trail of bagholders if they decide to turn the lights off on their way out

LOL we went from $5 to $1.10 to $48 in a 7 month period.

Years? lol you don't even have your facts straight.

[virtualdn]

why should litecoin be a dead coin ? just because it's $9.6 ? pure fud around here.

[Anotheranonlol]

who can remember the ridiculous run up from ~$2 per LTC to $45? which came out of the blue after years of ltc stagnation
what was the catalyst? a keiser tweet...   $9 - $48 in 3 days?? -- totallly manipulated coin. whales control the market
and can leave a trail of bagholders if they decide to turn the lights off on their way out

LOL we went from $5 to $1.10 to $48 in a 7 month period.

Years? lol you don't even have your facts straight.

I said the rise out of the blue happened AFTER years of stagnation. I held most mined coins from 2011 waiting for litecoin to wake up from the dead where it was just groaning..  even held past the $4+ range and watched the drop again, there was no healthy, gradual increase because Litecoin wasn't doing anything interesting, nor where there strong fundamentals accounting for a rise.  the prior months the coin had only been kept alive by continuous promise about gox adding ltc to midas, ltc soon on coinbase! arise chikun memes and 'fontas' pumps on the trollbox, no better than dogecoin.

013-10-28   2.0210000 USD   2.1095700 USD   2.0310200 USD   2.0740000 USD   79,922.04 LTC
2013-10-29   2.0412000 USD   2.0963500 USD   2.0740000 USD   2.0762200 USD   43,789.08 LTC
2013-10-30   2.0436000 USD   2.2300000 USD   2.0660000 USD   2.1963100 USD   340,288.1 LTC
2013-10-31   2.1200000 USD   2.3300000 USD   2.1963100 USD   2.2805200 USD   216,848.0 LTC
2013-11-01   2.2500000 USD   2.3900000 USD   2.2805900 USD   2.3591000 USD   249,197.7 LTC
2013-11-02   2.3300000 USD   2.6355000 USD   2.3600000 USD   2.6017400 USD   327,756.2 LTC
2013-11-03   2.5390000 USD   3.2900000 USD   2.6017400 USD   2.8130000 USD   1,319,511 LTC
2013-11-04   2.6994100 USD   3.0600000 USD   2.8108400 USD   2.9900000 USD   525,757.4 LTC
2013-11-05   2.8550000 USD   2.9998000 USD   2.9900000 USD   2.9400000 USD   347,934.1 LTC
2013-11-06   2.9200000 USD   3.3697900 USD   2.9490000 USD   3.2490000 USD   715,166.9 LTC
2013-11-07   3.1970000 USD   4.3000000 USD   3.2452000 USD   4.1320000 USD   1,762,456 LTC
2013-11-08   4.0951000 USD   4.4600000 USD   4.1400000 USD   4.2810000 USD   671,674.5 LTC
2013-11-09   3.8000100 USD   4.3000000 USD   4.2829900 USD   4.1180000 USD   684,964.0 LTC
2013-11-10   2.9500000 USD   4.1400000 USD   4.1180000 USD   3.6300000 USD   1,346,007 LTC
2013-11-11   3.3950000 USD   3.8956700 USD   3.6488800 USD   3.7442600 USD   423,644.5 LTC
2013-11-12   3.7000000 USD   3.8500000 USD   3.7442600 USD   3.7870000 USD   235,248.3 LTC
2013-11-13   3.7700000 USD   4.0888000 USD   3.7981000 USD   3.9312000 USD   526,659.0 LTC
2013-11-14   3.9330000 USD   4.1980000 USD   3.9331000 USD   4.1091000 USD   385,927.1 LTC
2013-11-15   3.9332200 USD   4.2738600 USD   4.1092900 USD   4.0700000 USD   457,796.1 LTC
2013-11-16   4.0223000 USD   4.1925000 USD   4.0620000 USD   4.1218000 USD   122,774.2 LTC
2013-11-17   4.0900000 USD   4.1990000 USD   4.1281000 USD   4.1208000 USD   269,003.5 LTC
2013-11-18   4.0010000 USD   9.4700000 USD   4.1100100 USD   8.9800000 USD   3,277,092 LTC
2013-11-19   5.6600000 USD   9.999000 USD   8.9800000 USD   7.5000000 USD   1,853,434 LTC
2013-11-20   5.3000000 USD   7.8500000 USD   7.5742700 USD   7.3500000 USD   1,885,900 LTC
2013-11-21   7.0600000 USD   8.8000000 USD   7.3400000 USD   8.6700100 USD   1,061,995 LTC
2013-11-22   8.2000000 USD   9.4504000 USD   8.6700200 USD   9.1990000 USD   768,039.6 LTC
2013-11-23   8.9900000 USD   9.989900 USD   9.1900000 USD   9.642530 USD   725,814.1 LTC
2013-11-24   8.5000000 USD   9.800000 USD   9.600000 USD   9.3200000 USD   545,361.3 LTC
2013-11-25   9.2165900 USD   11.480000 USD   9.3000000 USD   11.470000 USD   811,680.8 LTC
2013-11-26   10.900000 USD   19.711000 USD   11.470000 USD   19.000000 USD   1,454,589 LTC
2013-11-27   17.000000 USD   36.700000 USD   18.900000 USD   35.500000 USD   1,791,439 LTC
2013-11-28   33.000000 USD   48.479900 USD   35.500000 USD   40.600000 USD   1,726,687 LTC

Thankfully for ltc bagholders the greedy mining 'ecosystem' is here-- now we're back to the goldrush mentality with naive holders expecting they we will see a microcosm of bitcoin - price rise due to difficulty of mining. they will line up to buy silver coin printing machine from a manafacturer who built it for $100 worth of silver coins, that has already mined $250 worth of silver coins with it and then sell it for $300 silver coins even though it will only dig back $200 worth of silver coins and call that a functioning economy. And who's buying? who's buying ltc over bitcoin and why? And what's the expectation of halving day? I've been shorting LTC in past months whilst holding investment in manufacturer producing ASIC, and it's just easy profit to be truthful with you. But feel free to hodl strong 24/7 like a boss all you want.

[smoothie]

who can remember the ridiculous run up from ~$2 per LTC to $45? which came out of the blue after years of ltc stagnation
what was the catalyst? a keiser tweet...   $9 - $48 in 3 days?? -- totallly manipulated coin. whales control the market
and can leave a trail of bagholders if they decide to turn the lights off on their way out

LOL we went from $5 to $1.10 to $48 in a 7 month period.

Years? lol you don't even have your facts straight.

I said the rise out of the blue happened AFTER years of stagnation. I held most mined coins from 2011 waiting for litecoin to wake up from the dead where it was just groaning..  even held past the $4+ range and watched the drop again, there was no healthy, gradual increase because Litecoin wasn't doing anything interesting, nor where there strong fundamentals accounting for a rise.  the prior months the coin had only been kept alive by continuous promise about gox adding ltc to midas, ltc soon on coinbase! arise chikun memes and 'fontas' pumps on the trollbox, no better than dogecoin.

013-10-28   2.0210000 USD   2.1095700 USD   2.0310200 USD   2.0740000 USD   79,922.04 LTC
2013-10-29   2.0412000 USD   2.0963500 USD   2.0740000 USD   2.0762200 USD   43,789.08 LTC
2013-10-30   2.0436000 USD   2.2300000 USD   2.0660000 USD   2.1963100 USD   340,288.1 LTC
2013-10-31   2.1200000 USD   2.3300000 USD   2.1963100 USD   2.2805200 USD   216,848.0 LTC
2013-11-01   2.2500000 USD   2.3900000 USD   2.2805900 USD   2.3591000 USD   249,197.7 LTC
2013-11-02   2.3300000 USD   2.6355000 USD   2.3600000 USD   2.6017400 USD   327,756.2 LTC
2013-11-03   2.5390000 USD   3.2900000 USD   2.6017400 USD   2.8130000 USD   1,319,511 LTC
2013-11-04   2.6994100 USD   3.0600000 USD   2.8108400 USD   2.9900000 USD   525,757.4 LTC
2013-11-05   2.8550000 USD   2.9998000 USD   2.9900000 USD   2.9400000 USD   347,934.1 LTC
2013-11-06   2.9200000 USD   3.3697900 USD   2.9490000 USD   3.2490000 USD   715,166.9 LTC
2013-11-07   3.1970000 USD   4.3000000 USD   3.2452000 USD   4.1320000 USD   1,762,456 LTC
2013-11-08   4.0951000 USD   4.4600000 USD   4.1400000 USD   4.2810000 USD   671,674.5 LTC
2013-11-09   3.8000100 USD   4.3000000 USD   4.2829900 USD   4.1180000 USD   684,964.0 LTC
2013-11-10   2.9500000 USD   4.1400000 USD   4.1180000 USD   3.6300000 USD   1,346,007 LTC
2013-11-11   3.3950000 USD   3.8956700 USD   3.6488800 USD   3.7442600 USD   423,644.5 LTC
2013-11-12   3.7000000 USD   3.8500000 USD   3.7442600 USD   3.7870000 USD   235,248.3 LTC
2013-11-13   3.7700000 USD   4.0888000 USD   3.7981000 USD   3.9312000 USD   526,659.0 LTC
2013-11-14   3.9330000 USD   4.1980000 USD   3.9331000 USD   4.1091000 USD   385,927.1 LTC
2013-11-15   3.9332200 USD   4.2738600 USD   4.1092900 USD   4.0700000 USD   457,796.1 LTC
2013-11-16   4.0223000 USD   4.1925000 USD   4.0620000 USD   4.1218000 USD   122,774.2 LTC
2013-11-17   4.0900000 USD   4.1990000 USD   4.1281000 USD   4.1208000 USD   269,003.5 LTC
2013-11-18   4.0010000 USD   9.4700000 USD   4.1100100 USD   8.9800000 USD   3,277,092 LTC
2013-11-19   5.6600000 USD   9.999000 USD   8.9800000 USD   7.5000000 USD   1,853,434 LTC
2013-11-20   5.3000000 USD   7.8500000 USD   7.5742700 USD   7.3500000 USD   1,885,900 LTC
2013-11-21   7.0600000 USD   8.8000000 USD   7.3400000 USD   8.6700100 USD   1,061,995 LTC
2013-11-22   8.2000000 USD   9.4504000 USD   8.6700200 USD   9.1990000 USD   768,039.6 LTC
2013-11-23   8.9900000 USD   9.989900 USD   9.1900000 USD   9.642530 USD   725,814.1 LTC
2013-11-24   8.5000000 USD   9.800000 USD   9.600000 USD   9.3200000 USD   545,361.3 LTC
2013-11-25   9.2165900 USD   11.480000 USD   9.3000000 USD   11.470000 USD   811,680.8 LTC
2013-11-26   10.900000 USD   19.711000 USD   11.470000 USD   19.000000 USD   1,454,589 LTC
2013-11-27   17.000000 USD   36.700000 USD   18.900000 USD   35.500000 USD   1,791,439 LTC
2013-11-28   33.000000 USD   48.479900 USD   35.500000 USD   40.600000 USD   1,726,687 LTC

Thankfully for ltc bagholders the greedy mining 'ecosystem' is here-- now we're back to the goldrush mentality with naive holders expecting they we will see a microcosm of bitcoin - price rise due to difficulty of mining. they will line up to buy silver coin printing machine from a manafacturer who built it for $100 worth of silver coins, that has already mined $250 worth of silver coins with it and then sell it for $300 silver coins even though it will only dig back $200 worth of silver coins and call that a functioning economy. And who's buying? who's buying ltc over bitcoin and why? And what's the expectation of halving day? I've been shorting LTC in past months whilst holding investment in manufacturer producing ASIC, and it's just easy profit to be truthful with you. But feel free to hodl strong 24/7 like a boss all you want.

You need to really check how you post things. You said:

who can remember the ridiculous run up from ~$2 per LTC to $45? which came out of the blue after years of ltc stagnation

Which can mean the $2 to $45 comment implying that the price was at $2 and went to $45 after years of stagnation AT $2.

Oh and if you look at the price movements in LTC/BTC history there was little stagnation since LTC's inception price gyrating between 0.00045BTC to 0.05 and all in between. There has been multiple gyrations of 10-fold price changes when the price was in the pennies.

Stagnation? lol hardly when the volatility in % was insane. You just were not around when it happened so you once again do not know what you are talking about.

I was here when LTC launched with CPU mining. Sold the first pizza for LTC, sold the first 6990 for LTC, and the first silver eagle 1 oz for LTC and did the first futures contract for LTC, as well as created the first physical silver litecoins and brass litecoins.

Trust me I think I know much more than you think you do when it comes to "stagnation". Most people will get shaken out in times of "stagnation". But what does that really define as? Price below 10 cents? lol...

[Anotheranonlol]

You need to really check how you post things. You said:

who can remember the ridiculous run up from ~$2 per LTC to $45? which came out of the blue after years of ltc stagnation

Which can mean the $2 to $45 comment implying that the price was at $2 and went to $45 after years of stagnation AT $2.

Oh and if you look at the price movements in LTC/BTC history there was little stagnation since LTC's inception price gyrating between 0.00045BTC to 0.05 and all in between. There has been multiple gyrations of 10-fold price changes when the price was in the pennies.

Stagnation? lol hardly when the volatility in % was insane. You just were not around when it happened so you once again do not know what you are talking about.

I was here when LTC launched with CPU mining. Sold the first pizza for LTC, sold the first 6990 for LTC, and the first silver eagle 1 oz for LTC and did the first futures contract for LTC, as well as created the first physical silver litecoins and brass litecoins.

Trust me I think I know much more than you think you do when it comes to "stagnation". Most people will get shaken out in times of "stagnation". But what does that really define as? Price below 10 cents? lol...

I probably wrote wrong.I mean litecoin was going nowhere fast.

about your 'You just were not around when it happened so you once again do not know what you are talking about.' comment.  I was mining LTC in the first 3 days. mining geist geld before that just like you. My first LTC tx was from coblee-  still have that 50ltc sitting on a wallet somewhere unspent, probably sign a message with the addy if i really gave a shit. This accounts a random one- still regged 3 months before you showed up, real one was regged back in bitcoin.org smf days- prior to migration here, before newliberty but what do you know about that ..

Simply you're heavily invested in LTC. An 'iconic figure' in the litecoin world. no problem there. You stand to make it pretty big if ltc has a huge rise and you'll get told about in history books just like lazslo, but just call a shovel a shovel. If you held strong the past months guaranteed you lost money, while I was making it. But again, feel free to pat yourself on the back for not getting shaken out.

[smoothie]

You need to really check how you post things. You said:

who can remember the ridiculous run up from ~$2 per LTC to $45? which came out of the blue after years of ltc stagnation

Which can mean the $2 to $45 comment implying that the price was at $2 and went to $45 after years of stagnation AT $2.

Oh and if you look at the price movements in LTC/BTC history there was little stagnation since LTC's inception price gyrating between 0.00045BTC to 0.05 and all in between. There has been multiple gyrations of 10-fold price changes when the price was in the pennies.

Stagnation? lol hardly when the volatility in % was insane. You just were not around when it happened so you once again do not know what you are talking about.

I was here when LTC launched with CPU mining. Sold the first pizza for LTC, sold the first 6990 for LTC, and the first silver eagle 1 oz for LTC and did the first futures contract for LTC, as well as created the first physical silver litecoins and brass litecoins.

Trust me I think I know much more than you think you do when it comes to "stagnation". Most people will get shaken out in times of "stagnation". But what does that really define as? Price below 10 cents? lol...

I probably wrote wrong.I mean litecoin was going nowhere fast.

about your 'You just were not around when it happened so you once again do not know what you are talking about.' comment.  I was mining LTC in the first 3 days. mining geist geld before that just like you. My first LTC tx was from coblee-  still have that 50ltc sitting on a wallet somewhere unspent, probably sign a message with the addy if i really gave a shit. This accounts a random one- still regged 3 months before you showed up, real one was regged back in bitcoin.org smf days- prior to migration here, before newliberty but what do you know about that ..

Simply you're heavily invested in LTC. An 'iconic figure' in the litecoin world. no problem there. You stand to make it pretty big if ltc has a huge rise and you'll get told about in history books just like lazslo, but just call a shovel a shovel. If you held strong the past months guaranteed you lost money, while I was making it. But again, feel free to pat yourself on the back for not getting shaken out.

1. So back to your comment...stagnation means less than a price of 10 cents? I disagree with this purely based on the volatility of the market in the first 2 years.

2. Nope I havent lost a single cent. In fact I've made out good even holding LTC. But to have full disclosure I've sold off much my holdings above 0.03 and in the recent down movement in the past months. So if you want to speculate if I've lost money while you were making it...have at it as profit is profit lol. But that means nothing concerning my longer term predictions of where the price will go. Just because I chose to sell at a price means nothing of what I think will happen in the future longer term.

lol pats self on back for calling profit "profit" when profiting.

[bananahunter67]

The future is for X11.
Vert and all scrpt-N and hardware non friendly and too hot for summer.

[The One]

DRK will be made illegal.

Spot on.

If anyone thinks politicians around the world are going to allow totally anonymous cryptocoin to exist for illegal activities just because those involved in Silkroad were caught then they are dreaming.

[devphp]

Meanwhile,

https://btc-e.com/exchange/ltc_btc
https://btc-e.com/exchange/ltc_usd

Average price buyers are ready to buy Litecoin at is: 0.0043 BTC and $2.02

[Whoisthelorax]

Meanwhile,

https://btc-e.com/exchange/ltc_btc
https://btc-e.com/exchange/ltc_usd

Average price buyers are ready to buy Litecoin at is: 0.0043 BTC and $2.02

how did you come up with that???

[From Above]

Meanwhile,

https://btc-e.com/exchange/ltc_btc
https://btc-e.com/exchange/ltc_usd

Average price buyers are ready to buy Litecoin at is: 0.0043 BTC and $2.02

how did you come up with that???

face the fact noob. litecoin is a broken microwave.

[devphp]

Meanwhile,

https://btc-e.com/exchange/ltc_btc
https://btc-e.com/exchange/ltc_usd

Average price buyers are ready to buy Litecoin at is: 0.0043 BTC and $2.02

how did you come up with that???

2378.71 BTC in buy orders divided by 534839.39 LTC in sell orders.
AND
881331.5 USD in buy orders divided by 452119.09 LTC in sell orders.

All pointing to quite bearish market sentiment. The price tends to go where the average is. Usually. If nothing extraordinary happens that reverses the trend.

[Whoisthelorax]

Meanwhile,

https://btc-e.com/exchange/ltc_btc
https://btc-e.com/exchange/ltc_usd

Average price buyers are ready to buy Litecoin at is: 0.0043 BTC and $2.02

how did you come up with that???

2378.71 BTC in buy orders divided by 534839.39 LTC in sell orders.
AND
881331.5 USD in buy orders divided by 452119.09 LTC in sell orders.

All pointing to quite bearish market sentiment. The price tends to go where the average is. Usually. If nothing extraordinary happens that reverses the trend.

Just seems like a useless statistic. EVERY coin has buy orders and sell orders that are dangling way beyond what the trading range is. Care to run the average on btc?

[devphp]

Just seems like a useless statistic. EVERY coin has buy orders and sell orders that are dangling way beyond what the trading range is. Care to run the average on btc?

Not quite useless. I noticed that when the average price buyers are willing to pay is close to the current selling price, the market is ready to move higher or actually trending higher already. When the average price is way below the current selling price, it means there are simply not enough buyers and the market is trending lower. I believe current average for Bitcoin is $400 or something like that, meaning there is a build-up of bearish sentiment on Bitcoin. It's all momentum based too, it can change very quickly. Just do those calculations every time you want to trade or every day and you'll see what I mean and will notice price moves connected to that average price.

[BitcoinTate]

I think six months from now LTC will be surpassed by another alt in the #2 position, but LTC will not fade away to nothing by any means.