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devphp
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June 23, 2014, 11:46:51 AM |
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Finally, someone gets it! Unlike these LTC fanboys.
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DrG
Legendary
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Activity: 2086
Merit: 1035
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June 23, 2014, 11:57:20 AM |
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The true test of it's death will be if there is a rally in BTC if LTC decides to go along with it. If investors pile money into more alts then LTC will die slowly. Nothing sparks people to get working on a project like the possibility of new income  |
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Saigonsmokes
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June 23, 2014, 12:40:01 PM |
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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?  '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 |
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darkota
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June 23, 2014, 12:53:02 PM |
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I delete no such posts, I have deleted about 2 posts on the entire thread because of troll spammers like SaigonSmokes.
Litecoin has decreased more than 80% in value and is only getting lower.
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darkota
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June 23, 2014, 01:13:11 PM |
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Photoshopped pictures.
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Saigonsmokes
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June 23, 2014, 01:16:35 PM |
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Photoshopped pictures.
Anyone in Admin can show otherwise. In fact let me PM some just to show you up once more  and i must be amazing in PS to do all that editing in what 9 minutes  Seriously, how much do you get paid to troll? |
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devphp
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June 23, 2014, 01:24:26 PM
Last edit: June 24, 2014, 08:17:09 AM by devphp |
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Saigonsmokes obviously likes posting pictures and graphs without further thinking of their meaning.
Yes, volume is good. But all it means is that miners are dumping continuously to recoup their expenses, the same thing is happening to Doge by the way, except Doge will reach a smaller inflation rate by the end of the year than Litecoin, its inflation rate goes down with each halving and it's already hit rock bottom price, and from here it is starting its ascent to meet Litecoin market cap.
On the difference between PoW and PoS currencies.
PoW miners have to dump constantly to regain their electricity expenditures and recoup their hardware investment. That's where you see the volume, miners are selling all the time.
In PoS there are no electricity expenditures, the initial invesments made by IPO stakeholders have been recouped, so they only sell when they need some cash for life.
In PoW miners need both to recoup their hardware/electricity expenses + cash for life. So in PoW currencies the volume is larger, naturally, apart from the fact that PoW is more known and recognized and investors prefer to buy something that has been around for years. But that's temporary too, when PoS will have stayed around for years, they will switch en mass, because they don't care if it's PoW or PoS as long as the price goes up.
That's in short why high volume in LTC doesn't make it less dying than it is. Miners mine for profit and dump on suckers, who hope that a coin without active devs will take off. The proof is simple: price trend is down on very good volume, not up.
And some bitcoin<->litecoin coin shuffling is going on, it seems, which adds to the volume.
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doo
Member
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Merit: 10
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June 23, 2014, 01:35:18 PM |
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Photoshopped pictures.
Lol there are seen some professional trolls around but surely no-one can pay for the garbage you produce |
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kelsey
Legendary
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Activity: 1876
Merit: 1000
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June 23, 2014, 01:53:09 PM |
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Investors with proper money don't fall for the latest anon scam pump and dump coins, anymore then they fell for the last waves of country coins, animal coins, or meme coins, all get a few minutes of fame and the sheep follow.....
sure from time to time the latest pump coins could displace ltc on the old pump charts vs USD but its always short lived. anon coins are for a small niche group and any serious investor would avoid them
people rave on about so called innovative alts around here but all are just innovation for the sake of innovation without any must have benefit in the real world and worse still, most fail the KISS principle of average joe acceptance, hell bitcoins hard enough to get average joes head around.
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darkota
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June 23, 2014, 01:58:18 PM |
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Investors with proper money don't fall for the latest anon scam pump and dump coins, anymore then they fell for the last waves of country coins, animal coins, or meme coins, all get a few minutes of fame and the sheep follow.....
sure from time to time the latest pump coins could displace ltc on the old pump charts vs USD but its always short lived. anon coins are for a small niche group and any serious investor would avoid them
people rave on about so called innovative alts around here but all are just innovation for the sake of innovation without any must have benefit in the real world and worse still, most fail the KISS principle of average joe acceptance, hell bitcoins hard enough to get average joes head around.
You obviously have no idea what you're talking about. Anon coins aren't a small niche group, in case you don't know, Bitcoin is the most transparent money payment system on Earth...I know a lot of business owners who dont use Bitcoin because of its transparency.. Anon in coins is the future of crypto. Denying that will only get you left behind. |
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devphp
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June 23, 2014, 01:58:53 PM |
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people rave on about so called innovative alts around here but all are just innovation for the sake of innovation without any must have benefit in the real world and worse still, most fail the KISS principle of average joe acceptance, hell bitcoins hard enough to get average joes head around.
If you don't see use cases of innovations, that's your short-sightedness, not a coin's fault. Bitcoin has money store and transfer function covered pretty good making all other coins obsolete in that aspect. They have to innovate to compete or die out. If they add enough useful functions, some (more and more) people will change the habit of storing money in Bitcoin and switch to that other coin which has other useful functions that they can use without exchanging from Bitcoins first. |
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kelsey
Legendary
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Activity: 1876
Merit: 1000
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June 23, 2014, 02:23:38 PM |
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You obviously have no idea what you're talking about.
lol says mr delete anyone elses' apposing view, why not just stay in your own little self moderated thread where you can listen to those who only agree with you all day long  makes for a happier world don't it  |
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Saigonsmokes
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June 23, 2014, 02:56:34 PM |
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Thanks Alienesb...that thread shows every post Darkota the troll deleted. Darkota...You seem quiet...shhhhh |
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El Dude
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June 23, 2014, 04:14:32 PM |
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Dakota and Devphp are obvious paid NXT sockpupets who think their shitty ipo nxt will overtake litecoin won't happen no matter how hard they try.
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Bitcoin and Litecoin hodler
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darkota
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June 23, 2014, 04:15:21 PM |
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Dakota and Devphp are obvious paid NXT sockpupet who think shitty ipo nxt will overtake nxt won't happen no matter how hard they try.
NXT is the future of crypto. 1000000x better than Litecoin could ever dream of being. Comparing NXT to Litecoin is like comparing Superman to a squirrel. |
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El Dude
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June 23, 2014, 04:17:39 PM |
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Dakota and Devphp are obvious paid NXT sockpupet who think shitty ipo nxt will overtake nxt won't happen no matter how hard they try.
NXT is the future of crypto. 1000000x better than Litecoin could ever dream of being. Comparing NXT to Litecoin is like comparing Superman to a squirrel. Ya keep being a sockpupet everyone knows NXT and ipo coins are garbage. |
Bitcoin and Litecoin hodler
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darkota
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June 23, 2014, 04:18:02 PM |
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Dakota and Devphp are obvious paid NXT sockpupet who think shitty ipo nxt will overtake nxt won't happen no matter how hard they try.
NXT is the future of crypto. 1000000x better than Litecoin could ever dream of being. Comparing NXT to Litecoin is like comparing Superman to a squirrel. Ya keep being a sockpupet everyone knows NXT and ipo coins are garbage. IPO's are the future of coin distribution.. |
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ChuckOne
Sr. Member
Offline
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
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June 23, 2014, 04:47:56 PM |
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Yes, volume is good. But all it means is that miners are dumping continuously to recoup their expenses, the same thing is happening to Doge by the way, except Doge will reach a smaller inflation rate by the end of the year than Litecoin, its inflation rate goes down with each halving and it's already hit rock bottom price, and from here it is starting its ascent to meet Litecoin market cap.
On the difference between PoW and PoS currencies.
PoW miners have to dump constantly to regain their electricity expenditures and recoup their hardware investment. That's where you see the volume, miners are selling all the time.
Extremely good point. |
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