Litecoin is officially dead

[NattyLiteCoin]

Can some one PM the mods to close this guy or can we just dedicate this thread to making fun of darkota?

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[TheMage]

Can some one PM the mods to close this guy or can we just dedicate this thread to making fun of darkota?

I've PMed them several times in the past because it was pure fud and false information, and they have not. So it looks like we just poke fun .

[jubalix]

when it get to $100 then the joke will be good

we are still 5 x less than 50$ but its still way above where is has been.

[TheMage]

when it get to $100 then the joke will be good

we are still 5 x less than 50$ but its still way above where is has been.

Well you have to understand, the previous $48 was a result of the empty gox/willy bot/$1200 BTC fiasco. So it was an artificial value created due to the status of a "natural trading partner" that Litecoin has with Bitcoin.

[Equate]

when it get to $100 then the joke will be good

we are still 5 x less than 50$ but its still way above where is has been.

Well you have to understand, the previous $48 was a result of the empty gox/willy bot/$1200 BTC fiasco. So it was an artificial value created due to the status of a "natural trading partner" that Litecoin has with Bitcoin.

Could not agree more but things will get more interesting as we approach closer to block halving.

[X68N]

I must say from the latest experience (july 2015), i tried to move bitcoin and litecoin form one exchange to another.
Bitcoin was in the past slow, up to 1 hour of transaction time.
A lot of acticles  wrote on blogs they improved the network or whatever feature makes it way faster than before.
But when i tried it recently i got exact the same resulty like in 2013.
Bitcoin often up to 60 mins, Litecoin max 10 minutes!

So from a practical standpoint when transaction time matters (for trading)
i just cant wait an hour , even 30min is unpractical. Its like lotto what confirmation speed you get.
The fastest BTC transaction i got from the many i did, was 10mins. The average is about 30-40mins.

Ltc on the other Hand was max 10 mins often faster.

[azguard]

when it get to $100 then the joke will be good

we are still 5 x less than 50$ but its still way above where is has been.

Well you have to understand, the previous $48 was a result of the empty gox/willy bot/$1200 BTC fiasco. So it was an artificial value created due to the status of a "natural trading partner" that Litecoin has with Bitcoin.

Could not agree more but things will get more interesting as we approach closer to block halving.

sure it will, my price prediction will be around 20$ max or less 15$ maybe, it cant be done like in 2013 btc is standing still this time

[XinXan]

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

[altcoinUK]

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.
 

[reRaise]

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.
 

The only real world Crypto application besides Bitcoin is GetGems. All other alts have failed to deliver an app that is simple to understand, has a use case and enough incentive to people to use.

[X68N]

Actual news, Litecoin rating droped  since weak hands cannot carry bagholders and  exited at 0.030  
But no need to panic for now.
The rapid rise has called for a correction. from 0.325 to the 61.8 Fibo level is 0.0200 if this level breaks then, well shit

[reRaise]

Actual news, Litecoin rating droped  since weak hands cannot carry bagholders and  exited at 0.030  
But no need to panic for now.
The rapid rise has called for a correction. from 0.325 to the 61.8 Fibo level is 0.0200 if this level breaks then, well shit

lol fibonacci is so overrated.

[altcoinUK]

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.
 

The only real world Crypto application besides Bitcoin is GetGems. All other alts have failed to deliver an app that is simple to understand, has a use case and enough incentive to people to use.

And this one GadgetNet https://bitcointalk.org/index.php?topic=854280.0 , an IoT coin/blockchain with real world use cases like adult and gaming P2P live video streaming. That's what crypto needs, real world use cases.

And of course Bitcoin is used already by real world apps and GetGems is cool too.

[XinXan]

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.
 

The only real world Crypto application besides Bitcoin is GetGems. All other alts have failed to deliver an app that is simple to understand, has a use case and enough incentive to people to use.

And this one GadgetNet https://bitcointalk.org/index.php?topic=854280.0 , an IoT coin/blockchain with real world use cases like adult and gaming P2P live video streaming. That's what crypto needs, real world use cases.

And of course Bitcoin is used already by real world apps and GetGems is cool too.

Well a lot of altcoins have potential to become useful in the real world but even bitcoins right now are not really that useful, yes you can buy a lot of things but it still needs a lot of work and its price is definitely not determined by that, most of the times.

[altcoinUK]

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.
 

The only real world Crypto application besides Bitcoin is GetGems. All other alts have failed to deliver an app that is simple to understand, has a use case and enough incentive to people to use.

And this one GadgetNet https://bitcointalk.org/index.php?topic=854280.0 , an IoT coin/blockchain with real world use cases like adult and gaming P2P live video streaming. That's what crypto needs, real world use cases.

And of course Bitcoin is used already by real world apps and GetGems is cool too.

Well a lot of altcoins have potential to become useful in the real world but even bitcoins right now are not really that useful, yes you can buy a lot of things but it still needs a lot of work and its price is definitely not determined by that, most of the times.

I am not talking about theoretically what alt can be useful. Theoretically all alts could be useful, theoretically they can be even currency exchange unit in monkey shit trading. Anything. However, currently not even NXT (which has a massive community) is used in real world application. All of them, including Litecoin is just pure day trade speculation commodity.

The very few IoT and technology coins like GadgetCoin is purposefully and by design attached to a real world use case. Instead of trying to find use case to the application, they build the application for a use case.

Bitcoin doesn't have to do that as Bitcoin for the quite right reason is relatively widely used (if the 100,000 active users most of them traders qualifies as wide usage, but comparing to other alts it definitely is).

[XinXan]

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.
 

The only real world Crypto application besides Bitcoin is GetGems. All other alts have failed to deliver an app that is simple to understand, has a use case and enough incentive to people to use.

And this one GadgetNet https://bitcointalk.org/index.php?topic=854280.0 , an IoT coin/blockchain with real world use cases like adult and gaming P2P live video streaming. That's what crypto needs, real world use cases.

And of course Bitcoin is used already by real world apps and GetGems is cool too.

Well a lot of altcoins have potential to become useful in the real world but even bitcoins right now are not really that useful, yes you can buy a lot of things but it still needs a lot of work and its price is definitely not determined by that, most of the times.

I am not talking about theoretically what alt can be useful. Theoretically all alts could be useful, theoretically they can be even currency exchange unit in monkey shit trading. Anything. However, currently not even NXT (which has a massive community) is used in real world application. All of them, including Litecoin is just pure day trade speculation commodity.

The very few IoT and technology coins like GadgetCoin is purposefully and by design attached to a real world use case. Instead of trying to find use case to the application, they build the application for a use case.

Bitcoin doesn't have to do that as Bitcoin for the quite right reason is relatively widely used (if the 100,000 active users most of them traders qualifies as wide usage, but comparing to other alts it definitely is).

Well that is exactly my point, that right now the prices go up or down pretty much only because of speculative parties and some other events that may or may not affect the coin directly. That's why is hard to trade in alt coins or even bitcoins because there is no way to know if the price will go up or down, not even long term.

[X68N]

Actual news, Litecoin rating droped  since weak hands cannot carry bagholders and  exited at 0.030 
But no need to panic for now.
The rapid rise has called for a correction. from 0.325 to the 61.8 Fibo level is 0.0200 if this level breaks then, well shit

lol fibonacci is so overrated.

i thought that too in the first place. But after i checked it and learned to use that tool i found it a good addition.
The funny thing is you can exchange the numbers, since they aren't exact.
I found for myself that 40 and 70 works also. Especially at extensions. 140 and 170 are way more useful than 121 and 161.
Just my experience.

[wlefever]

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.

Over $200,000,000 in market cap value is a little more than zero value IMO.  To have that cap put on it WITHOUT real world applications says something different to me...imagine its potential WITH applications.  It is purely speculation at this point, but to write it off as a Pump and Dump is a little premature.

[Nxtblg]

Actual news, Litecoin rating droped  since weak hands cannot carry bagholders and  exited at 0.030  
But no need to panic for now.
The rapid rise has called for a correction. from 0.325 to the 61.8 Fibo level is 0.0200 if this level breaks then, well shit

lol fibonacci is so overrated.

Never saw how it tied into people's actions myself. One of the virtues of the "classic" book on technical analysis is that the authors made an attempt to tie the chart patterns to how people actually behaved. (So did the late Harry Browne, by the way.)

Case in point: a "resistance" level is a price where a lot of selling power coalesces - meaning, that a lot of people (or some biggies) have a fondness for selling at that price. Vice-versa for a support level & buying.

One of the charms of technical analysis is the reasoning-in-a-circle aspect of it. I.e., "if enough people believe in Fibonacci levels, then..."

[X68N]

to the fibonacci, yes self fullfilling prophecy plays a role for the .38 and .61 Level.
But before fibonacci was around, people used dividers (1/2 1/3 1/4) Fibonacci are simple decimal expressions of divisions.
Its just a market rule that corrections happen. So you can apply the fibonacci scale to the actual "Leg" to estimate
where to put limit orders to enter on Retracements or where to put the Stoploss.

I would not use this tool when it wouldn't work in my trading.
When you get the idea, its so "simple" like trendlines.