Litecoin always surprises, ignore the trolls!
so true i still say that this is one coin i can really rely on it, there are some others but this is prime besides BTC off course
I mine LTC yet....715mh about 223 LTC per month and about 500 usd after electric....equip has ROI'd all is good.
Have moved most to BTC after halving and hoarding etc.
What I have done is when LTC gets around 1800 to 2000 accumulated.....I get nervous. The biggest gripe I have about LTC
is the lack of 'promotion' on the part of the major players of LTC. They comment OFTEN about BTC issues but not so much about
LTC as a system/silver to gold as they say alternative. By promotion I mean just pride in their coin..what they want for the future
a decent LTC Foundation. A frigging universe where
www.litecointalk.org was not hacked and still up and not as in the
past promoting LTCgear scams etc......
ie they are sitting on their hands imho just hanging on BTC's coat tails.
When BTC was having issues with developers core vs classic ...they could have promoted LTC. Much in the way when Gold
goes wacky people go to Silver. They don't have anything in any way for a consensus PROMOTION of their coin in any manner for probably
more then 1 year.
They don't even have a simple way to promote the idea of Litecoin Nodes. Which is a simple enough page to throw up to
promote interest in their LTC coin.
So if I agree or don't agree with Ethereum their developers ARE making the right 'noises' no what they want to accomplish and such
LTC Universe is way to quiet and only reacts mainly to btc price..never moves their LTC coin with their own endeavors or so it seems.
...
. So if LTC is a 'real' alternative to the other coins they had better get a LOT better at promoting
its strengths and broad base support and volume etc thru the crypto universe..which I admit is substantial...just saying.
OR
They are simply doing what I've been doing with LTC. the power movers/devs/etc of LTC of the ...accumulating LTC via trading (most common) or mining like I do...TILL THEY GET
TO THE POINT of being NERVOUS about whatever hoard is accumulated and then moving say LTC to BTC and rinse/wash/repeat like I do.....ie LTC is just a thin screen of out
flow to BTC and could easily be replaced by some other coin (no idea what coin just saying) ie ...a crypto paper weight so to speak..nice when it is windy otherwise ignored.
Before halving when I was mining in 2015 at 1.30 an LTC I at least had SOME faith something was gonna happen for it to come back.
It did when BTC came back and I had around 4000 or so LTC. But since then anything more then 1000 LTC makes me 'twitchy'
but have become discouraged last 7 months or so specially after the china 8 buck pump and dump setup
Now with ethereum around (good or bad unknown) it is POSSIBLE that LTC could slip again and the ratio of say LTC to BTC could go back
to what it was in 2015 the 0.00595 days LTC to BTC.....
But it is damn hard to get motivated on LTC if most of those involved seem to be thru trading or mining doing EXACTLY what I am doing
once a certain amount of LTC is accumulated..ie moving part or most to BTC because of these 'twitches' and confusion on wth is going on with LTC and why
not more promotion/organization/of strengths of the coin and esp volume....I mean it is good there is no developer ego or FUD involved...but standing at the back of the room
on the arm as BTC's Eye Candy...is only gonna go so far till the next pretty crypto with more promotion/and fire and organizational skills comes along
LTC has done well on the shut up part ....better get of the stick on the put up part of the equation or the coin will just fade away imho
Note a fan of Ethereum...but want to or not I am aware of their LONG TERM goals and plans ....as to LTC ...besides doing what I'm doing
moving it to BTC ...I see no such clarity or I really really have to dig for it ..ie for example why am I on the LTC Is dead thread? Where the hell is the
LTC is thriving thread..here is why ..climb aboard?
my 2 LTC's worth
also remember I'm ALWAYS wrong so now when LTC pumps up because of this post you can thank me in hindsight
but anyway....how my LTC has moved to BTC in the Last 7 months or so ...want to believe ..have little reason to do so at this time.
(and I give those anti ethereum folks the point that if they are correct and ethereum tanks they probably will go to LTC..thus my still holding up to
1000 plus LTC at a time....)
But again if the ratio of LTC to BTC is just that a ratio of between 0.008 and 0.010 ..if that is all it is and the volume ..why bother ...if that is all the coin is good for
even if it survives long term...hell just move it already ....and all you have to stress about then is the FUD of BTC rather then the LTC
But again the LONGER this goes on the more LIKELY imho of LTC just one day dumping from 3.20 to 2.20 for no other reason then 'neglect'
Those with more power then myself in the LTC world ...assuming they still drink the 'kool aid' better step some things up to keep up with the rest
of the crypto universe on expectations/promotion/and LTC strengths BESIDES its hook to BTC ratio wise.....just saying
silence/and lack of at least 'public' vision of their coin.
again likely wrong ..but what I'm doing today. Going to bank and getting LTC paper wallet out and moving 1000 ltc to btc as per usual every 4
months or so....it is confusing enough as a miner ..I'd go crazy if I had to trade LTC (sheesh)
later
