Litecoin is officially dead

[dballing]

But, but, but but... I THOUGHT LITECORN WAS DEAD! Damn it.

[mace15]

I dont think so that litecoin is dead.
As we can observed, litecoin still active
in the market. And litecoin still one of the top10
altcoin.

[greenuser]

Yes and they are on evey new multi curreny wallet that comes out. Why would a new multi curreny wallet want a dead coin on it?
I love litecoin. So much quicker than bitcoin.

Look at the 3rd party wallet support of late.
https://coinomi.com/
https://jaxx.io/
https://www.exodus.io/
https://wallet.mytrezor.com/

How can so many companies be wrong?

[molsewid]

I dont think so that litecoin is dead.
As we can observed, litecoin still active
in the market. And litecoin still one of the top10
altcoin.

Litecoin is not dead they saying these because i think they are quiting using litecoin as we can see in the price market it is still active and litecoin is in the top of alternative coin that could use people to do tradings and investing 

[Shiroslullaby]

More wallets supporting a coin is obviously a good thing,
but are more companies taking Litecoin as a payment method?

Mining and trading a coin is fine, but increasing user base and the amount of services that accept a coin is the only way to increase its price and keep it growing.

[azguard]

I dont think so that litecoin is dead.
As we can observed, litecoin still active
in the market. And litecoin still one of the top10
altcoin.

Litecoin is not dead they saying these because i think they are quiting using litecoin as we can see in the price market it is still active and litecoin is in the top of alternative coin that could use people to do tradings and investing 

that is main reason for it price is low for some standard and lot of them tried to go on ETH or something else but most fail
still this coin have good support and market can be dead, for dead coin price is 1 satoshi

[fxmulder]

More wallets supporting a coin is obviously a good thing,
but are more companies taking Litecoin as a payment method?

Mining and trading a coin is fine, but increasing user base and the amount of services that accept a coin is the only way to increase its price and keep it growing.

Yes the problem is mostly liquidity. Hopefully as more end uses are made it will be able to survive.

[betlord90]

I dont think so that litecoin is dead.
As we can observed, litecoin still active
in the market. And litecoin still one of the top10
altcoin.

Yes litecoin is not dead because we know that litecoin has own market like bitcoin and etherium so it not easy litecoin gone or dead. Yes litecoin is very active like other cryptocurrency so nothing to worry from it.

[vurasasog]

I dont think so that litecoin is dead.
As we can observed, litecoin still active
in the market. And litecoin still one of the top10
altcoin.

Yes litecoin is not dead because we know that litecoin has own market like bitcoin and etherium so it not easy litecoin gone or dead. Yes litecoin is very active like other cryptocurrency so nothing to worry from it.

The litecoin does not offer new functions which the bitcoin does not, so it is better to use the bitcoin itself.

[losh11]

The litecoin does not offer new functions which the bitcoin does not, so it is better to use the bitcoin itself.

Does it though?

It has some improvements over Bitcoin, such as:

• Transaction spam - this would have stopped the tx spam that filled Bitcoin blocks...
• 4x block capacity over a period of 5 mins

I'm sure that addresses some of the concerns about Bitcoin that people have been complaining about for the last two years.
Do you really need a completely new coin for every new features. Smart contracts and confidential transactions are the only two 'innovative' things I've heard about from other alt coins. These features can easily be added to Litecoin...

In fact these feature are being added...


The Litecoin Core development team is adding CT to Core soon, and smart contracts are being added by another company (not supposed to name them).

If I try to send Bitcoin, it is highly likely that my transaction would take long (mempool) and a lot more than 10 mins to get confirmed. Some sites require 6 confirmations to accept Bitcoin payment, and this can end up taking more than a few hours. Instead 6 confirmations for Litecoin takes on average just 15 minutes. So, no. It isn't better to use Bitcoin itself.

[shyliar]

• Transaction spam - this would have stopped the tx spam that filled Bitcoin blocks...
• 4x block capacity over a period of 5 mins

Just a correction (I have no doubt it was a typo); but, that is 4x block capacity over a period of 10 mins. Or is there an expansion in capacity sooner than I think?

[Spoetnik]

Very bad 2 year predictions, reminds me not to listen to the salty FUD here.

That is right. The litecoin is still one of the top 10 market capitalisation coin at the moment. That is good achievement.

it ws top 3 before so it's definitely not in a very good shape, and it has lost quite a big portion of its original marketcap, only because it's still in top it does not mean that is a good coin

It lost it because you all decided to support 5,000+ coins instead of 55 when i started years ago.
What do you all think happens when you dilute the scene with infinite "coins" ?

Look in the mirror Crypto "Supporters"  

Oh and by the way..
If it is possible for LTC guys to add ANON features then tell me when all the new anon coins had to be made ?

I will tell you.. profit.

[paramind22]

Many people own Litecoin and therefore want it to succeed.  When the market cools down maybe they will do something to keep up its value....seems like people who own a lot of a coin need to be product evangelists by getting traffic to places where people can spend the coins, and earning the coins for the general public is always good too.   The LTC faucets don't really pay much, but maybe better advertisers than HYIPs can be found.

[BTCBusinessConsult]

I think the problem with LTC is that there is just no new gear for it. On April 13 the difficulty was 52k. Today the difficulty is 54.3k

I think if a company really buckled down, did some research and made affordable scrypt ASIC miners and DELIVERED, the coin would recover. It is quite obvious (in terms of hashrate, difficulty etc) that the only people still mining LTC are the same people who actually got the very few ASICs from the "not to be named ASIC" companies.

Personally, I would love to get my hands on 4 or 5 Innosilin A4 dominator, however so far there is nothing to be seen from actual delivery of the product.

A good LTC Asic that is mass produced would get into the hands of miners. Miners would buy them and mine. People would see people making money mining LTC. LTC would go up in value. People would start buying LTC to trade.

The cycle would repeat. LTC is just stuck in a rut right now.

Of course this is just all IMO, feel free to chime in.

[vlom]

Very bad 2 year predictions, reminds me not to listen to the salty FUD here.

That is right. The litecoin is still one of the top 10 market capitalisation coin at the moment. That is good achievement.

it ws top 3 before so it's definitely not in a very good shape, and it has lost quite a big portion of its original marketcap, only because it's still in top it does not mean that is a good coin

It lost it because you all decided to support 5,000+ coins instead of 55 when i started years ago.
What do you all think happens when you dilute the scene with infinite "coins" ?

Look in the mirror Crypto "Supporters"  

Oh and by the way..
If it is possible for LTC guys to add ANON features then tell me when all the new anon coins had to be made ?

I will tell you.. profit.

wow. i almost can't believe it. what Spoetnik wrote is correct. lets concentrate on an few useful coins. and one of them is LTC.

[paramind22]

I think the problem with LTC is that there is just no new gear for it. On April 13 the difficulty was 52k. Today the difficulty is 54.3k

I think if a company really buckled down, did some research and made affordable scrypt ASIC miners and DELIVERED, the coin would recover. It is quite obvious (in terms of hashrate, difficulty etc) that the only people still mining LTC are the same people who actually got the very few ASICs from the "not to be named ASIC" companies.

Personally, I would love to get my hands on 4 or 5 Innosilin A4 dominator, however so far there is nothing to be seen from actual delivery of the product.

A good LTC Asic that is mass produced would get into the hands of miners. Miners would buy them and mine. People would see people making money mining LTC. LTC would go up in value. People would start buying LTC to trade.

The cycle would repeat. LTC is just stuck in a rut right now.

Of course this is just all IMO, feel free to chime in.

Interesting topic.  I am just starting out to get some experience and have been mining LTC with one of my Gridseed Orbs (no fan) and it's been on
about five full days and got .03 LTC with it.  With cheap electricity, what's the harm in leaving it on for a few years?  500 days at .03 LTC equals 15 LTC.
If they go up 10 times to $30 a coin that would be $450 for basically no labor but merely curiosity. 

There are other Scrypt ASICs one can buy, as you probably know. By doing a search on them.  "80,000KHS - 110,000KHs Scrypt Asic PLUG AND PLAY @ ~1000w A2 A2MEGA Door to Door within 3~5 Business Days"....$800. 

It does seems sometimes like some Altcoin companies are owned by a few people who don't have much interest in doing much more than looking fancy with high tech gadgets with their logos printed on it, which is a bad example to set for "success."

[crairezx20]

Many people own Litecoin and therefore want it to succeed.  When the market cools down maybe they will do something to keep up its value....seems like people who own a lot of a coin need to be product evangelists by getting traffic to places where people can spend the coins, and earning the coins for the general public is always good too.   The LTC faucets don't really pay much, but maybe better advertisers than HYIPs can be found.

Litecoins is still in top 10 in coinmarket and i think many investors are still holding a lots of litecoin i think the problem is they are slowing adopting litecoin if more stores are accepting litecoin online it can be more valuable in the future..

[holydarkness]

Many people own Litecoin and therefore want it to succeed.  When the market cools down maybe they will do something to keep up its value....seems like people who own a lot of a coin need to be product evangelists by getting traffic to places where people can spend the coins, and earning the coins for the general public is always good too.   The LTC faucets don't really pay much, but maybe better advertisers than HYIPs can be found.

Litecoins is still in top 10 in coinmarket and i think many investors are still holding a lots of litecoin i think the problem is they are slowing adopting litecoin if more stores are accepting litecoin online it can be more valuable in the future..

Although there are so many new coin being launched every day, the developers are not really concerned or trying to put a great effort on marketing their coin and beat other coin, so I believe LTC will easily still be at top 10 for a while.

[milewilda]

Many people own Litecoin and therefore want it to succeed.  When the market cools down maybe they will do something to keep up its value....seems like people who own a lot of a coin need to be product evangelists by getting traffic to places where people can spend the coins, and earning the coins for the general public is always good too.   The LTC faucets don't really pay much, but maybe better advertisers than HYIPs can be found.

Litecoins is still in top 10 in coinmarket and i think many investors are still holding a lots of litecoin i think the problem is they are slowing adopting litecoin if more stores are accepting litecoin online it can be more valuable in the future..

Although there are so many new coin being launched every day, the developers are not really concerned or trying to put a great effort on marketing their coin and beat other coin, so I believe LTC will easily still be at top 10 for a while.

Thats what i also observe  about this coin, they dont   put too much effort on marketing  or  advertising their coins maybe they are just contended on stabilizing it and  relying for people  to see it that this coin has the potential to last up for  more years.  True, LTC is still on  top 10 altcoin even thoug hthey are many cryto launched  out there.

[noictib]

in my opinion it is not dead because it is itself a litecoin which is lite and if the price is stable from long time than iy is matter of only demand in altcoin market .
overall i am holding litecoin at yobit since three month.