Litecoin Is NOT Dead (It Is Just Dying A Slow Death)

[FreeJack2k2]

Simple: It has to go down to get up again.

There's only so many times you can get resuscitate before your fuked

How many times has Bitcoin been resuscitated...

[TheMage]

this thread is great

arguments for both sides are thick and fast

why does everyone want to change each others mind, opinions and speculation are great but no need for any one to be butthurt

live and let live

I like the charts for LTC they say volumes, LTC is doing exactly what it is meant to be doing, hang on cause its going to the moon

speculator speculating, ltc may test between 0.0135/btc and 0.015/btc before it happens

fly chicken fly

FYI..........this is hands down the best GIF EVER!!!

[smoothie]

"First they ignore you, then they laugh at you, then they fight you, then you win." - Mahatma Gandhi

Except in this case its more like... first they laugh at you, then they fight with you, then they ignore you, then you win.
                                                                                                                         ^
                                                                                                                         |
We are here ---------------------------------------------------------------------------

So funny as you are talking about yourself ...

how many times now have you pressed the ignore button for me then to retract it shortly thereafter?

[CoinHoarder]

"First they ignore you, then they laugh at you, then they fight you, then you win." - Mahatma Gandhi

Except in this case its more like... first they laugh at you, then they fight with you, then they ignore you, then you win.
                                                                                                                         ^
                                                                                                                         |
We are here ---------------------------------------------------------------------------

So funny as you are talking about yourself ...

how many times now have you pressed the ignore button for me then to retract it shortly thereafter?

I think deep down inside, I loves some Smoothie time. Usually when I say I'm going to ignore someone I just say it so they stop arguing with me. I don't have anyone on ignore. I'm down to debate, but not argue.

[Saigonsmokes]

"First they ignore you, then they laugh at you, then they fight you, then you win." - Mahatma Gandhi

Except in this case its more like... first they laugh at you, then they fight with you, then they ignore you, then you win.
                                                                                                                         ^
                                                                                                                         |
We are here ---------------------------------------------------------------------------

So funny as you are talking about yourself ...

how many times now have you pressed the ignore button for me then to retract it shortly thereafter?

I think deep down inside, I loves some Smoothie time. Usually when I say I'm going to ignore someone I just say it so they stop arguing with me. I don't have anyone on ignore. I'm down to debate, but not argue.

You two are like an old married couple

[CoinHoarder]

No Problem Mage.. I know you're busy doing stuff. I'll wait for you to get to the rest of it to respond.

Yes, we can agree on some things definitely, and it seems we might agree to disagree on others. Most of this is speculation and everyone has their own idea of how things are going to play out. I'm not going to lie about things just so it fits my argument, so I will concede when you guys bring up valid arguments. As I said earlier, this is why the name of the thread is what it is. I was making fun of all the other "Litecoin is dead" threads, because most of them are so ridiculously stupid.

The other reason for this thread is that I wanted to bring attention to my concerns about Litecoin. This is the only way I feel like I can get my point across. I want you guys to succeed, I spent a long time supporting Litecoin and some family and friends are probably still half/half into bitcoin/litecoin. One of my buddies is 100% in Litecoin... I don't want Litecoin to fail because of them, and also people that bought coins/mining hardware from me. I would love to see them come out good too. So, I am rooting for you guys.. I am just worried.

[smoothie]

"First they ignore you, then they laugh at you, then they fight you, then you win." - Mahatma Gandhi

Except in this case its more like... first they laugh at you, then they fight with you, then they ignore you, then you win.
                                                                                                                         ^
                                                                                                                         |
We are here ---------------------------------------------------------------------------

So funny as you are talking about yourself ...

how many times now have you pressed the ignore button for me then to retract it shortly thereafter?

I think deep down inside, I loves some Smoothie time. Usually when I say I'm going to ignore someone I just say it so they stop arguing with me. I don't have anyone on ignore anymore. I'm down to debate, but not argue.

FTFY.

 

[alienesb]

Doesn't Charlie work for Coinbase? Isn't that worth something?

[Aricoin_Mike]

Simple: It has to go down to get up again.

There's only so many times you can get resuscitate before your fuked

Yeah, nobady knows how many that is In my opinion ther will be many many more for ltc... But nobady knows.

[jubalix]

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Beyond that....what.


This is why I hold peercoin as well, it has a clear use case that no other coin has even attempted. Its sort of like trying to explain crypto to fiats, explaining peercoin to BTC/Alts. The problem is most people can't get thier head around where the real money is in the economy and its not in retail that most clamor for.....eg my Amazon/ebay/paypal


That said I still cant bring myself to part with a single LTC.

[WheresWaldo]

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Beyond that....what.


This is why I hold peercoin as well, it has a clear use case that no other coin has even attempted. Its sort of like trying to explain crypto to fiats, explaining peercoin to BTC/Alts. The problem is most people can't get thier head around where the real money is in the economy and its not in retail that most clamor for.....eg my Amazon/ebay/paypal


That said I still cant bring myself to part with a single LTC.

  litecoin "dying".... i dont know any alt coins that aren't "dying" to be honest.

[TaunSew]

Do you have an exit strategy for Litecoin, in case it goes against your expectations? It has been in a downtrend for over 6 months now. At what point (time point or price point) would you sell your LTCs? Suppose, it keeps going down to $5, $3, $1? Would you sell then? Because you pose yourself as a serious investor/miner per your own words, you should have an exit strategy of some sort. Could you share it?

My "exit" strategy is to hold long. A very large majority of the LTC I have was acquired when they were worth pennies each, so like a few other long timers here even $2.00 it still represents a huge profit.

The way I look at it is, if I acquired or mined LTC when it was only bringing in $2.50 for a whole block back then and if LTC drops to $2.00 today it is still worth $100 a block, I'm still in the profit at $97.50 a block.

But considering it is worth about $450 per block at the moment, I'm still up an average of $447 per block and I can assure you I still has me a "few" blocks LOL

Strategy is very long, I'm not selling. It will comeback.


~BCX~

Cryptos within 10 years will probably be worth $1 trillion.  $2 trillion investment gold, $500 billion global remittance (cryptos do it better), $20 trillion retirement / savings accounts (cryptos do better), $97 trillion investments, $400 trillion derivatives (coins like NxT have asset exchanges and even their own derivatives now).  

Dot come bubble was $7 trillion in late 1990s.  

Reality is all coins would benefit if cryptos hit $1 trillion.  Maybe BTC (or other coin) might be worth $700 billion, but something like LTC could be $200 billion and then many alts worth $10 - $50 billion.  LTC could hit $5K - $10K per LTC in future.


Cryptos is still relatively new.  Look at the Government attention on Cryptos and yet it's only $10 billion industry...  Madoff's scam (which consisted of scamming bankers and rich New Yorkers) was over $60 billion.  Bitcoin is this small fly on the wall and yet look at governments who are currently revising their tax codes because THEY KNOW crypto currencies will be huge in the future. 

Bitcoin has less capitalization than Drop Box but you don't see Government harassing Drop Box.

[devphp]

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Litecoin doesn't have a better distribution than Bitcoin, check the statistics.

Most coins, no matter what good distribution they could have at some point in the past, end up in the hands of just a few people. It works like that with fiat or crypto. Distribution is a misleading word, only to attract newbs.

[mymenace]

2 great things about ltc you can buy and sell with it

and you can make more btc from it

[kelsey]

Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Litecoin doesn't have a better distribution than Bitcoin, check the statistics.

Most coins, no matter what good distribution they could have at some point in the past, end up in the hands of just a few people. It works like that with fiat or crypto. Distribution is a misleading word, only to attract newbs.

Well i agree with you on that, I think being obsessed with "fair" distribution is pretty pointless, especially when once any coin can be traded for fiat its distribution becomes as "fair" as fiat. Those wealthy in fiat can then become those wealthy in cryptos.

[Aricoin_Mike]

2 great things about ltc you can buy and sell with it

and you can make more btc from it

There is always possibility to make opposite... To lose bitcoin that way.

[mimimimimimimi]

It's a good read. I agree, Litecoin is dying a slow death. It has very little going for it compared to the more modern innovative coins like BlackCoin and VeriCoin.

Very true, I made a thread detailing why Litecoin is already dead, it only has 20 btc worth of volume on Mintpal..

Yes you made a thread and self moderated that thread and deleted any post that was positive towards Litecoin. Thats called being a troll. Your view means nothing, you clearly have an agenda.

Whats the volume like on NXT that you always pump?

https://i.imgur.com/lin9tIL.png

'FUD WARNING - There seems to be a certain group who go around constantly spreading lies about Litecoin. Most of these new coins coming out are created by the same group who's sole purpose is to pump and dump the coin on you and get as many btc and ltc as they can. DYODD'

You can read more about Litecoin and what the community has been up to here. https://bitcointalk.org/index.php?topic=661938.0

ltc may not be completely perfect ASICs etc but the NXT and other scams are dead and going no where and everyone knows it.

[jubalix]

Do you have an exit strategy for Litecoin, in case it goes against your expectations? It has been in a downtrend for over 6 months now. At what point (time point or price point) would you sell your LTCs? Suppose, it keeps going down to $5, $3, $1? Would you sell then? Because you pose yourself as a serious investor/miner per your own words, you should have an exit strategy of some sort. Could you share it?

My "exit" strategy is to hold long. A very large majority of the LTC I have was acquired when they were worth pennies each, so like a few other long timers here even $2.00 it still represents a huge profit.

The way I look at it is, if I acquired or mined LTC when it was only bringing in $2.50 for a whole block back then and if LTC drops to $2.00 today it is still worth $100 a block, I'm still in the profit at $97.50 a block.

But considering it is worth about $450 per block at the moment, I'm still up an average of $447 per block and I can assure you I still has me a "few" blocks LOL

Strategy is very long, I'm not selling. It will comeback.


~BCX~

Cryptos within 10 years will probably be worth $1 trillion.  $2 trillion investment gold, $500 billion global remittance (cryptos do it better), $20 trillion retirement / savings accounts (cryptos do better), $97 trillion investments, $400 trillion derivatives (coins like NxT have asset exchanges and even their own derivatives now).  

Dot come bubble was $7 trillion in late 1990s.  

Reality is all coins would benefit if cryptos hit $1 trillion.  Maybe BTC (or other coin) might be worth $700 billion, but something like LTC could be $200 billion and then many alts worth $10 - $50 billion.  LTC could hit $5K - $10K per LTC in future.


Cryptos is still relatively new.  Look at the Government attention on Cryptos and yet it's only $10 billion industry...  Madoff's scam (which consisted of scamming bankers and rich New Yorkers) was over $60 billion.  Bitcoin is this small fly on the wall and yet look at governments who are currently revising their tax codes because THEY KNOW crypto currencies will be huge in the future. 

Bitcoin has less capitalization than Drop Box but you don't see Government harassing Drop Box.

I agree with all of this well put.

The Govs reaction to crypto's is way beyond any other software I can recall, eg word/windows/linux other software...ho hum.

a mere 10B market cap and every single gov has to get serious.

On issue is though this is not market cap buy buying power. Drop box/Microsoft can spend its whole value and has to earn it back. BTC does not. The BTC "market cap: represents buy power that's always there.

[ShroomsKit_Disgrace]

How are you doing today LTC bagholders?

Another BTC rally missed?

 

[Brilliantrocket]

Looks like the thread title is accurate. A slow erosion, until panic sets in and we get a nice crash. Another shitcoin bites the dust.