Litecoin is officially dead

[bitwho]

The btc-e trollbox speculators look like dinosaurs now from ages ago. They discuss Litecoin and why it's falling ad nauseum without realizing that there is a whole new PoS world brewing two clicks away that btc-e didn't present to them

Well said.

Yea, BTC-E is just lagging behind, they are stuck in the past, and resist change.

Odd that they don't take the 1000's of bitcoin extra daily volume they would get by adding some new coins, no?

It is very odd, maybe their just too lazy to add new coins? They feel as if they get enough $ from already? Idk, but that exchange is becoming more of a mystery to me.

Carrying all the extra coins brings a ton of extra overhead and issues I am sure that plays a ton into it.

exactly. not all new coins are clean. some have hidden premine. some could have viruses.

[1714803218]

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[darkota]

The btc-e trollbox speculators look like dinosaurs now from ages ago. They discuss Litecoin and why it's falling ad nauseum without realizing that there is a whole new PoS world brewing two clicks away that btc-e didn't present to them

Well said.

Yea, BTC-E is just lagging behind, they are stuck in the past, and resist change.

Odd that they don't take the 1000's of bitcoin extra daily volume they would get by adding some new coins, no?

It is very odd, maybe their just too lazy to add new coins? They feel as if they get enough $ from already? Idk, but that exchange is becoming more of a mystery to me.

Carrying all the extra coins brings a ton of extra overhead and issues I am sure that plays a ton into it.

exactly. not all new coins are clean. some have hidden premine. some could have viruses.

Only 1 used-to-be-popular coin I know of had a hidden premine, and that was Asiacoin...I've downloaded and virus scanned many new coin wallets, and I've personally only caught 1 of them that had viruses, and it ended up turning out to be a bug..

[bitwho]

The btc-e trollbox speculators look like dinosaurs now from ages ago. They discuss Litecoin and why it's falling ad nauseum without realizing that there is a whole new PoS world brewing two clicks away that btc-e didn't present to them

Well said.

Yea, BTC-E is just lagging behind, they are stuck in the past, and resist change.

Odd that they don't take the 1000's of bitcoin extra daily volume they would get by adding some new coins, no?

It is very odd, maybe their just too lazy to add new coins? They feel as if they get enough $ from already? Idk, but that exchange is becoming more of a mystery to me.

Carrying all the extra coins brings a ton of extra overhead and issues I am sure that plays a ton into it.

exactly. not all new coins are clean. some have hidden premine. some could have viruses.

Only 1 used-to-be-popular coin I know of had a hidden premine, and that was Asiacoin...I've downloaded and virus scanned many new coin wallets, and I've personally only caught 1 of them that had viruses, and it ended up turning out to be a bug..

well we are talking about an exchange being cautious of adding a brand new coin. and i mention a few reason. Yes asiacoin was what i had in mind when i said hidden premine.

as far as viruses there have been many. but they fail fast.

what John was saying is that it take a lot of work to add and keep maintaining a coin. and to add every single coin is tiresome. sometimes the code are bad from noobs and the exchanges get double attacked. so there needs to be a good thorough investigation of each coin code.
coins pop x3 times a day. maybe they do not want to go through the hustle to investigate all the coins

[darkota]

The btc-e trollbox speculators look like dinosaurs now from ages ago. They discuss Litecoin and why it's falling ad nauseum without realizing that there is a whole new PoS world brewing two clicks away that btc-e didn't present to them

Well said.

Yea, BTC-E is just lagging behind, they are stuck in the past, and resist change.

Odd that they don't take the 1000's of bitcoin extra daily volume they would get by adding some new coins, no?

It is very odd, maybe their just too lazy to add new coins? They feel as if they get enough $ from already? Idk, but that exchange is becoming more of a mystery to me.

Carrying all the extra coins brings a ton of extra overhead and issues I am sure that plays a ton into it.

exactly. not all new coins are clean. some have hidden premine. some could have viruses.

Only 1 used-to-be-popular coin I know of had a hidden premine, and that was Asiacoin...I've downloaded and virus scanned many new coin wallets, and I've personally only caught 1 of them that had viruses, and it ended up turning out to be a bug..

well we are talking about an exchange being cautious of adding a brand new coin. and i mention a few reason. Yes asiacoin was what i had in mind when i said hidden premine.

as far as viruses there have been many. but they fail fast.

Oh Yea, but that still doesn't explain why they have so little coins compared to other exchanges, and they haven't added a new coin in ages.

[balu2]

you'll see those coins at btc-e survive longterm while pos-hype is going to fizzly out like countrycoins did. Because now its anoncoins and tomorrow those fade away because something new comes along. LTC will still be there.

[TheCloser]

you'll see those coins at btc-e survive longterm while pos-hype is going to fizzly out like countrycoins did. Because now its anoncoins and tomorrow those fade away because something new comes along. LTC will still be there.

+1

[Este Nuno]

It's not about BTC-e just going and adding every new coin that pops up overnight, but just adding the ones that generate significant volume.

When's the last time they added a new coin?

Look at the top 20 coins now by market cap. They are missing tons of potential revenue. Just by adding a few of those they would attract some new customers and have their current customers trading the new coins as well.

[darkota]

It's not about BTC-e just going and adding every new coin that pops up overnight, but just adding the ones that generate significant volume.

When's the last time they added a new coin?

Look at the top 20 coins now by market cap. They are missing tons of potential revenue. Just by adding a few of those they would attract some new customers and have their current customers trading the new coins as well.

True, it is a mystery. Eventually BTC-e will loose out even in the bitcoin/usd trading market, as people flock to different exchanges for a wider variety of coins.

[Benjig]

It's not about BTC-e just going and adding every new coin that pops up overnight, but just adding the ones that generate significant volume.

When's the last time they added a new coin?

Look at the top 20 coins now by market cap. They are missing tons of potential revenue. Just by adding a few of those they would attract some new customers and have their current customers trading the new coins as well.

True, it is a mystery. Eventually BTC-e will loose out even in the bitcoin/usd trading market, as people flock to different exchanges for a wider variety of coins.

Maybe true, because they have some shitty alts that have been dead from long ago, like TRC.

[nest]

We try to help Litecoin, also to improve Nestcoin.

[darkota]

It's not about BTC-e just going and adding every new coin that pops up overnight, but just adding the ones that generate significant volume.

When's the last time they added a new coin?

Look at the top 20 coins now by market cap. They are missing tons of potential revenue. Just by adding a few of those they would attract some new customers and have their current customers trading the new coins as well.

True, it is a mystery. Eventually BTC-e will loose out even in the bitcoin/usd trading market, as people flock to different exchanges for a wider variety of coins.

Maybe true, because they have some shitty alts that have been dead from long ago, like TRC.

Haha yea.

[Dread Pirate Roberts]

agree with you dead and suck -.-

[q327K091]

if this is so, someone explain to me step-wise and drastic increase in litecoin difficulty level despite "obsolete" scrypt

http://www.coinwarz.com/difficulty-charts/litecoin-difficulty-chart

[Lauda]

I'm pretty sure that's what people said when the price was around 2$.

[devphp]

if this is so, someone explain to me step-wise and drastic increase in litecoin difficulty level despite "obsolete" scrypt

http://www.coinwarz.com/difficulty-charts/litecoin-difficulty-chart

Hashrate/difficulty doesn't necessarily mean the coin is useful, ASICs got added to the network recently, miners hoping to get a ROI. Not useful = dead. It paused falling for now, nothing falls in a straight line, but it'll resume its fall soon. Miners hoping to get a ROI doesn't necessarily mean they will get it.

[darkota]

if this is so, someone explain to me step-wise and drastic increase in litecoin difficulty level despite "obsolete" scrypt

http://www.coinwarz.com/difficulty-charts/litecoin-difficulty-chart

Hashrate/difficulty doesn't necessarily mean the coin is useful, ASICs got added to the network recently, miners hoping to get a ROI. Not useful = dead. It paused falling for now, nothing falls in a straight line, but it'll resume its fall soon. Miners hoping to get a ROI doesn't necessarily mean they will get it.

I agree, those ASIC miners will simply dump all their litecoins(as weve been seeing) to gain profit/break even, thus reducing the price. Litecoin will fall into oblivion.

[Its About Sharing]

if this is so, someone explain to me step-wise and drastic increase in litecoin difficulty level despite "obsolete" scrypt

http://www.coinwarz.com/difficulty-charts/litecoin-difficulty-chart

Hashrate/difficulty doesn't necessarily mean the coin is useful, ASICs got added to the network recently, miners hoping to get a ROI. Not useful = dead. It paused falling for now, nothing falls in a straight line, but it'll resume its fall soon. Miners hoping to get a ROI doesn't necessarily mean they will get it.

I agree, those ASIC miners will simply dump all their litecoins(as weve been seeing) to gain profit/break even, thus reducing the price. Litecoin will fall into oblivion.

This is an interesting point.
Further, as the price of LTC stagnates and more and more of these ASIC rigs come out, who is going to be buying them? How many of the "farms" will be by the actual producers?
I say fewer individuals will be buying them and more producers will be putting them to use. How deep are their pockets? (Meaning can they sit on them hoping for a higher price? I don't think so.)
Now, when they try to sell them, is the demand there? Lots of LTC are mined every day and with a falling price, volume and interest - this could get interesting, ugly or who knows what.

[darkota]

if this is so, someone explain to me step-wise and drastic increase in litecoin difficulty level despite "obsolete" scrypt

http://www.coinwarz.com/difficulty-charts/litecoin-difficulty-chart

Hashrate/difficulty doesn't necessarily mean the coin is useful, ASICs got added to the network recently, miners hoping to get a ROI. Not useful = dead. It paused falling for now, nothing falls in a straight line, but it'll resume its fall soon. Miners hoping to get a ROI doesn't necessarily mean they will get it.

I agree, those ASIC miners will simply dump all their litecoins(as weve been seeing) to gain profit/break even, thus reducing the price. Litecoin will fall into oblivion.

This is an interesting point.
Further, as the price of LTC stagnates and more and more of these ASIC rigs come out, who is going to be buying them? How many of the "farms" will be by the actual producers?
I say fewer individuals will be buying them and more producers will be putting them to use. How deep are their pockets? (Meaning can they sit on them hoping for a higher price? I don't think so.)
Now, when they try to sell them, is the demand there? Lots of LTC are mined every day and with a falling price, volume and interest - this could get interesting, ugly or who knows what.

LTC has huge lack of buyers/demand, shown by the falling prices.

[CryptoKenzi]

I think BC will take it's place

[El Dude]

darkota has crawled out of this hole and back to spread Litecoin lies. Why don't you just throw yourself off a bridge?