Litecoin is officially dead

[kaykawa]

so... moon at halving, right?

[Za1n]

so... moon at halving, right?

I guess we will know sometime around 08/25/2015.  http://www.litecoinblockhalf.com

Place your bets.

[ejinte]

so... moon at halving, right?

I guess we will know sometime around 08/25/2015.  http://www.litecoinblockhalf.com

Place your bets.

everyone is expecting a pump so I would guess we'll see a big fat dump.

[Searing]

so... moon at halving, right?

 WARNING LONG RAMBLE POST BELOW YOU DON'T LIKE ME /IGNORE ME I DON'T MIND


well with my 'more then somewhat' weak understanding of any ctypto action of any kind...up/down/sideways or.....ie NONE AT ALL

one of 4 things will happen to LTC in my very very IMHO lame guess.....

1) we are looking at the PUMP now of $4.50 usd and when the halving comes and the pump goes away it will drop back down to 2 bucks or some such or worse
    in that I'm holding a LOT of LTC this is the most likely scenario in my view because the 'ASIC GODS HATE ME' just saying.....I'm betting the other way
    but this is my dread.....on the other hand if this proves that LTC is a truly ONLY speculative coin ..I probably will be OK selling LTC next august on the
    pump again with LTC on the BTC halving in august of so 2016 (hey i need my dream if it does the above ...bag holders dream too)

2) the halving comes and nothing happens to price...it just sits at $4.50 usd say more or less...because the pump went away due to the
    halving and the fact that a lot of folk are probably 'silly bagholders' like myself and most of them 'bought say' LTC at above that say $4.50 price
    it will be a 'wash' and the price will not move as a result.

3) the halving comes and there are a LOT MORE I MEAN A LOT MORE folk that bought over this say $4.50 usd price for LTC and they are bag holding
    as a result...on top of the fact that LTC seems the pow scrypt to continue to mine..due to their bag holding of say some of the miners as well and
    as the they say....LITECOIN gains legit status as the 'sliver to bitcoin's gold" mantra and it goes nuts up in price and stays there due to bag holders
    remaining miners and the halving showing life in LTC yet. (We are dealing with silly hairless primate monkey type humans it is possible..I HOPE)

4) the halving comes the pump goes away the price tanks ...everyone and his brother who bought coin over the price of say my usual $4.50 usd is
    now dumping LTC to get half say of their money back in a panic.....the miners in question still doing pow scrypt rush off to the next alt to pump and dump
    and they too ..being likely bag holders like myself who mined it for way less then $4.50 usd get caught up in the panic and also dump as the pump crashes and if they
    do mine LTC they dump to BTC daily on say a multipool instead of holding LTC. from this point on
    
    Lastly people look around and see due to price drop and such and such a catastrophe..of much nerds running about in panic....price crash as
    above if it is such an obvious pump and dump of LTC w/o any real substance at all ...and in no way/shape/form is along the lines of LTC is silver to BTC's gold
    then at that point due to low prices the further realization by the pow scrypt community..there will very likely  be NO NEW POW SCRYPT MINERS DATA HALL VERSIONS(unlikely anyway    but still) or even home versions (even more unlikely but just saying)  and folk will go ALL POW SCRYPT is
    dead as a result or will be slowly over time as it does not pay to run the electric to run such asic pow scrypat miner beasts....and as a result all pow scrypt mining
    grinds to a halt due to no new equipment for pow/scrypt EVER due to price does not make it worth doing (again prob data hall versions) but still ...So any POW mining
    for BTC which will probably be fine as to all other scrypt/pow alts etc ..."all goes poof"..  I will have to 'eat crow' and the POS coin boys win the fight as an alt crypto to BTC.

I don't like (4) above at all as a scenario

anyway the 'dire results' of my ramblings above ..........so as usual it can go 'any which way' ....just saying as a warning I'm bag holding LTC (you can pm me as to why)
so probably everyone should sell the works asap I'm pretty much wrong most of the time in all this

and it was just supposed to be a nice 'silly' hobby in 2013 ...damn that kool aid



 

[Za1n]

5. Price shoots upwards of $40 again and keep rising. All this worrying if you bought at $2, $4, $8 is little more than academic at that point.

[Searing]

5. Price shoots upwards of $40 again and keep rising. All this worrying if you bought at $2, $4, $8 is little more than academic at that point.

that was point 3) above ...but yeah I wish.....I of course if that happens will claim in the future that it was all "planned out' because I knew
that it was gonna go and pop like you said

I WILL BE LYING but if it happens I'm gonna go for the LIE big time ...........of course we will all keep that a secret of our 'doubts' here at that point right

[Za1n]

6. Price goes nowhere for halving, maybe even drops, everyone sells thinking its dead, price drops back to $2 and then boom, shoots to $40 after large players shook everyone out of the cheap coins.

[Za1n]

7. Giant asteroid hits the earth, wipes out all but two humans, fortunately a man and a woman who are able to repopulate the earth after some centuries of hardship. No ones give a rats behind about crypto anymore.

[ridery99]

It looks more like manipulation group and weak hands left now it's in early accumulation phase

[Scambag]

A year ago LTC was the silver to BTC's gold. Considering the high price of BTC at the time, LTC made a lot of sense at $20. It was affordable by the masses and bound for success. What a difference a year makes. Though LTC has garnered some real world usage, no real effort was put forth to extend such. Someone may take up the torch and get it moving again. I would not count it out yet but the declining price is causing many heartache.

[Searing]

6. Price goes nowhere for halving, maybe even drops, everyone sells thinking its dead, price drops back to $2 and then boom, shoots to $40 after large players shook everyone out of the cheap coins.

yeah i like 6) above...silly primates we all are it is likely

7. Giant asteroid hits the earth, wipes out all but two humans, fortunately a man and a woman who are able to repopulate the earth after some centuries of hardship. No ones give a rats behind about crypto anymore.

also likely

I can put up with that as long as the Man is ME! and the woman is Kate Upton (come on Kate ...we need to get some 'baby mining' going on here...move some human units..)



actually I like the above version of yours of "mining' a lot better then cyrpto and looking at your above quote of yours with the conditions of me her and NOT YOU lol

[azguard]

6. Price goes nowhere for halving, maybe even drops, everyone sells thinking its dead, price drops back to $2 and then boom, shoots to $40 after large players shook everyone out of the cheap coins.

in will go maybe over 10$ but more, this big change was happen cuz chinese pump a little or am I wrong.

[XinXan]

The price will only go up because of you guys and everyone else who speculates about it, halving does nothing. The thing is that people get hyped, you can take as an example this thread, everyone is saying litecoin will go up and probably will but only because people want to.

[EternalWingsofGod]

6. Price goes nowhere for halving, maybe even drops, everyone sells thinking its dead, price drops back to $2 and then boom, shoots to $40 after large players shook everyone out of the cheap coins.

in will go maybe over 10$ but more, this big change was happen cuz chinese pump a little or am I wrong.

It just goes to show that the Chinese when they feel like pumping can have a strong effect on the market
I guess they got bored of leveraging in the stock market and went to Litecoin before crashing it a bit.

[unusualfacts30]

will ltc go to 0.02. I'm contemplating on whether to buy or wait for it to go under 0.01

[jabo38]

I have a feeling litecoin was pumped by chineese exchanges (okcoin!) and because its such a small market and there are so few exchanges, the rest of the market just jumps on the bandwagon.

BTC-e and Bitfinex did have, and have almost 80% of trading volume. So your feeling tells you the 10% Chinese trading volume managed to pump. Cryptsy, Bittrex and co make up the rest in total over 50 exchanges.
    
BTC-E   LTC/USD   31.64 %    
BTC-E   LTC/BTC   23.77 %    
Bitfinex   LTC/USD   16.52 %        
Bitfinex   LTC/BTC    6.52 %    
BTC-E   LTC/RUR    0.43 %    
BTC-E   LTC/EUR    0.36 %

Bitfinex is always getting pushed around by smaller Chinese exchanges in the BTC market.  Not sure why LTC would have to be different. 

Not saying that is the case.  Just saying this argument doesn't convince me.   

[jabo38]

will ltc go to 0.02. I'm contemplating on whether to buy or wait for it to go under 0.01

You just missed a pretty massive pump and dump.  The question is, will that group rinse and repeat.

[jabo38]

6. Price goes nowhere for halving, maybe even drops, everyone sells thinking its dead, price drops back to $2 and then boom, shoots to $40 after large players shook everyone out of the cheap coins.

yeah i like 6) above...silly primates we all are it is likely

7. Giant asteroid hits the earth, wipes out all but two humans, fortunately a man and a woman who are able to repopulate the earth after some centuries of hardship. No ones give a rats behind about crypto anymore.

also likely

I can put up with that as long as the Man is ME! and the woman is Kate Upton (come on Kate ...we need to get some 'baby mining' going on here...move some human units..)



actually I like the above version of yours of "mining' a lot better then cyrpto and looking at your above quote of yours with the conditions of me her and NOT YOU lol

best post of the thread in over 60 pages

[Searing]

will ltc go to 0.02. I'm contemplating on whether to buy or wait for it to go under 0.01

You just missed a pretty massive pump and dump.  The question is, will that group rinse and repeat.

Doubtful imho (an I'm holding a mess of LTC) the next "ferry ride" and go round will be on the bitcoin halving in 2016 (august?) imho

(I hate these 'ferry rides' for LTC...I get sea sick and always want to jump off the boat anyway.....then I get to the destination and
it is not as advertised....)

silly hobby

[Sir Alpha_goy]

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