Litecoin is officially dead

[vlom]

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

come on. LTC is nice to moves funds around. faster than BTC and cheaper.

[European Central Bank]

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

there are a few out there, but really not many. however it doesn't take much to integrate it.

let's say bitcoin fees reach $1 which is a whole lot closer than it seemed a few short months back. that's gonna largely kill off what little commerce is taking place. i certainly would never spend btc at that type of cost level for anything other than big ticket items. i've already pretty much given up. if a merchant was taking ltc i'd be tempted to make the switch if the fees were back to pennies.  

[From Above]

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

come on. LTC is nice to moves funds around. faster than BTC and cheaper.

You're gonna need a lot more than that. 

~CfA~

[Shiroslullaby]

I hate to buy into a coin that has gone up so much recently, but I'm putting a few dollars into Litecoin.
All it will take is a few websites accepting LTC payments, or some app integration and the price could easily double.
There have been more than a few rumors lately, and only one needs to be true to drive the price back up near the ATH.

[Carmen_Sandiego]

Litecoin is far from dead. The cryptocurrency only needs some traction to rise in price, and considering the recent spike in the market, it seems that something is already happening behind the scenes... there are probably high expectations regarding SegWit implementation. If they implement this before Bitcoin, it will be a big step for the currency.

[RealBitcoin]

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

there are a few out there, but really not many. however it doesn't take much to integrate it.

let's say bitcoin fees reach $1 which is a whole lot closer than it seemed a few short months back. that's gonna largely kill off what little commerce is taking place. i certainly would never spend btc at that type of cost level for anything other than big ticket items. i've already pretty much given up. if a merchant was taking ltc i'd be tempted to make the switch if the fees were back to pennies.  

Yes but if there is no demand, there is no point in it. Merchants like to minimize overhead costs, by running 2 servers. So if 99% of the payments come in BTC then they rather have only BTC, and force the other 1% to pay in BTC.

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

come on. LTC is nice to moves funds around. faster than BTC and cheaper.

So does the other 9999999999x altcoins.

[European Central Bank]

Yes but if there is no demand, there is no point in it. Merchants like to minimize overhead costs, by running 2 servers. So if 99% of the payments come in BTC then they rather have only BTC, and force the other 1% to pay in BTC.

the bitcoin fee situation means there'll come a point where people simply give up spending it and it's approaching fairly soon. that's where demand for ltc will come from. i don't think there'll be much demand as there isn't much commerce but it's there.

[kelsey]

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

come on. LTC is nice to moves funds around. faster than BTC and cheaper.

So does the other 9999999999x altcoins.

with 99.9% (+ 0.1% error) of those other alts being created to make the devs fiat., defeating the whole purpose of p2p currency.

[azguard]

Litecoin is one of those few coins that stays away from hype and just keeps chugging along. No hacks, No drama just slow and steady development - i like that.

Agreed. Dont count Litecoin out yet.

Although, I like that LTC is finally making a real move with segwit, I think the technical damage to the price is so severe that any sort of rally won't be that meaningful. Letting it fall below .004 was crazy. Even a 4 bagger from here would only be .016 - nothing near it's all time high of .05. Some major fools at the helm right now.

Maybe this will be good move seen that price comes up and down few lit say high jump were there now in again below 0.005. Hope to see some bigger movement in next few days so think that after 20 january will be set some margins in price.

[shyliar]

So does the other 9999999999x altcoins.

With zero liquidity at the other end. If you want to move funds quickly from one exchange to another LTC is very useful.

[foodielove]

I think the spike in LTC value that we saw won't be the last one.
litecoin is still tied to BTC, and still called bitcoin's brother or whatever.
As long as btc still has potential, LTC will be there too. of course , the golden days where LTC was on the 2nd place have long passed, but that doesn't mean that there is no hope for the future left!

[freshman777]

I'd wait to sell all of LTC just yet, it has some oomph in it.

[RealBitcoin]

Yes but if there is no demand, there is no point in it. Merchants like to minimize overhead costs, by running 2 servers. So if 99% of the payments come in BTC then they rather have only BTC, and force the other 1% to pay in BTC.

the bitcoin fee situation means there'll come a point where people simply give up spending it and it's approaching fairly soon. that's where demand for ltc will come from. i don't think there'll be much demand as there isn't much commerce but it's there.

Well that is certainly a problem, however the blockchain is a commodity, and that space there is valuable.

I wish there were a solution to have huge transaction capacity, but I fear that people would only abuse it. So its good as it is for now. Lets activate Segwit first, then we see.

with 99.9% (+ 0.1% error) of those other alts being created to make the devs fiat., defeating the whole purpose of p2p currency.

Yes it's like an unregulated stock market, each altcoin representing a sort of stock of a project.

I think its worth it though. You need many crap coins to find a gem.

For example things like Namecoin are very cool. But you have to have 400 shitcoins before some genius invents NMC.

It's just the power law distribution of inventions. I have no problem with that.

So does the other 9999999999x altcoins.

With zero liquidity at the other end. If you want to move funds quickly from one exchange to another LTC is very useful.

Well so do other coins. The point is that LTC cant really offer anything that the other altcoins cant.

And since BTC is the main reserve currency, there is no point in having BTC copycats that dont have additional features.

[European Central Bank]

Well so do other coins. The point is that LTC cant really offer anything that the other altcoins cant.

what ltc has is honesty and that's something that's sorely undervalued in the crypto space. we know who created it. there was no crazy premine. that counts for a lot to me at least.

[RealBitcoin]

Well so do other coins. The point is that LTC cant really offer anything that the other altcoins cant.

what ltc has is honesty and that's something that's sorely undervalued in the crypto space. we know who created it. there was no crazy premine. that counts for a lot to me at least.

"that's something that's sorely undervalued in the crypto space."

In my opinion it's not undervalued at all, it's overvalued.

"we know who created it"

That is not an asset, it's a liability. Nobody cares who invented it, the point is that it's just here. However if the inventor is known, then he assumes a position of authority, and if he gets coerced by malevolent people, then it can compromize the whole project.

"there was no crazy premine."

I have still missed it though. I wish I was there but I have missed it. So from my POV all coins were premined, before me. This premine term is just a lame excuse to try to justify wealth redistribution.

Of course those that mine first, get the most reward.

https://www.youtube.com/watch?v=ag14Ao_xO4c

[European Central Bank]

"that's something that's sorely undervalued in the crypto space."

In my opinion it's not undervalued at all, it's overvalued.

how many times have greedy morons been wiped out by their supposedly benevolent coin creators? the lack of honesty and transparency is why crypto won't be touched by many for long, long time.

[freshman777]

The point is that LTC cant really offer anything that the other altcoins cant.

This is a poor argument. Because BTC offers what many altcoins can offer too. 90% of the value is not in what a coin can offer, value is in the market's perception of a coin, speculation.

[Searing]

The point is that LTC cant really offer anything that the other altcoins cant.

This is a poor argument. Because BTC offers what many altcoins can offer too. 90% of the value is not in what a coin can offer, value is in the market's perception of a coin, speculation.

Agree....and also know it can offer 'seg witness' .....heh Not seeing that on the other alts yet

[shinratensei_]

The point is that LTC cant really offer anything that the other altcoins cant.

This is a poor argument. Because BTC offers what many altcoins can offer too. 90% of the value is not in what a coin can offer, value is in the market's perception of a coin, speculation.

Agree....and also know it can offer 'seg witness' .....heh Not seeing that on the other alts yet

Just the matter of time. We will see more are try to use SegWit. But at least the purpose of SegWit will be encouraging a new hype. 

[freshman777]

The point is that LTC cant really offer anything that the other altcoins cant.

This is a poor argument. Because BTC offers what many altcoins can offer too. 90% of the value is not in what a coin can offer, value is in the market's perception of a coin, speculation.

Agree....and also know it can offer 'seg witness' .....heh Not seeing that on the other alts yet

The way it's progressing, I don't see Bitcoin adopting Segwit this year or at all, so LTC will be the first or only one to adopt it. This is positive from the user perspective, having two identical coins (with minor cosmetic differences) doesn't make sense. There is too much opposition for Segwit and as well for larger blocks in Bitcoin, this is the reason I believe none of them is going to happen, not this year, status quo will remain.
Let LTC get Segwit and BTC stay the way it is now, this split creates choice for users and developers of Bitcoin code technology, those that would like to work with Segwit. I tend to think miners would like to test waters with enabling Segwit on LTC, BTC is too big for them to experiment. BTC fees are likely to climb to $1 for median sized transactions and it's not unimaginable that LTC can be re-valued to a cautious 0.01 BTC if this plays out. Think we can expect $2000 and $20 for BTC, LTC in 12 months.