Do you think Litecoin is dead ?

[devphp]

To be clear why I asked for a time frame that the price would need to hold below is because when someone says "LTC is DEAD" then they should believe it will not recover even at least for a week since it is dead right?

Oh wait now I can see the back pedaling coming into play on what "dead" really means as you did not define it while using that word.

oops  

Ever heard of a dead-cat bounce?

[smoothie]

Look at a chart and you will see the price sustenance does exist. Don't make me laugh lol.

When I say it's illusionary, I mean it can disappear and spring out of nowhere very quickly, this market is all about rumors. Now, although I don't believe Litecoin can be resurrected by any rumors now, too late for that, the low price would ensure it wouldn't take a lot of Bitcoins to move the market briefly and even keep it artificially at that elevated level for 1 week. But the general trend would stay the same - down.

So does your statement "LTC is DEAD" general too and not specific?

I was using the bet to get some sort of specific commitment on where you stand. Obviously that is not the case as 1 week is too long for you to claim LTC is "dead".
lol

[smoothie]

To be clear why I asked for a time frame that the price would need to hold below is because when someone says "LTC is DEAD" then they should believe it will not recover even at least for a week since it is dead right?

Oh wait now I can see the back pedaling coming into play on what "dead" really means as you did not define it while using that word.

oops  

Ever heard of a dead-cat bounce?

Yes. But that isn't what you said. lol....try harder...

[shanecoins]

I just have litecoin and i begin to be very afraid... Bitcoin is going up and litecoin doesn't move.

Do you think it is the end of Litecoin, and other altcoins in general  ?

no

[haploid23]

LTC doesn't really offer anything too innovative compared to bitcoin. Sure it has faster block times, but that's not a big enough difference to warrant new infrastructure that's already established for btc. I also think it's sliding because one factor is that multipools now generally pay out in btc. You could be mining LTC, but they instantly get converted by the pool to get paid by btc.

[devphp]

So does your statement "LTC is DEAD" general too and not specific?

I was using the bet to get some sort of specific commitment on where you stand. Obviously that is not the case as 1 week is too long for you to claim LTC is "dead".
lol

Where did I say that 'LTC is dead'? The most I could say is 'it's dying, not dead yet'. Which doesn't make its future any more bright, unfortunately.

[smoothie]

Okay guys if the price dips below 0.008 it is time to buy....because Mr. Php can't hold his position of LTC being "dead" for at least 1 week.  

[smoothie]

So does your statement "LTC is DEAD" general too and not specific?

I was using the bet to get some sort of specific commitment on where you stand. Obviously that is not the case as 1 week is too long for you to claim LTC is "dead".
lol

Where did I say that 'LTC is dead'? The most I could say is 'it's dying, not dead yet'. Which doesn't make its future any more bright, unfortunately.

In terms of price you said it would still be dead should it go below a price. In only wanted to show that if it truly was dead it would stay below a price even if for just 1 week. Something you do not think will happen given your not accepting the terms of the bet I offered.

In my mind if something is dead it won't recover. Obviously that is not what you believe.

[devphp]

Let's see, if it goes to 0.0079, then spikes up to 0.01 for 1 week, then goes to 0.005, then spikes up to 0.007, then goes to 0.002, spikes up to 0.003. What is this? I'd say it's 'dying'. What would you call it?

I never said it's dead, I only advised the OP to get out of it. I wouldn't say it's dead, because it's not dead yet. Dying - yes, dead - no.

In my mind if something is dead it won't recover. Obviously that is not what you believe.

A short-lived spike (1 week) is not a recovery.

[crazy_rabbit]

LTC doesn't really offer anything too innovative compared to bitcoin. Sure it has faster block times, but that's not a big enough difference to warrant new infrastructure that's already established for btc. I also think it's sliding because one factor is that multipools now generally pay out in btc. You could be mining LTC, but they instantly get converted by the pool to get paid by btc.

Multipools might actually be killing alt-coins by making it easier to profit from short term greed then to profit by investing and building something. It will be hard to overcome that type of greed. Especially with ASICS plugged in now.

[BitsBitsBits]

This is a question I have asked myself lately. Where is litecoin even used?

While bitcoin has many merchants and is receiving big publicity, litecoin is still unheard of.

The fact that it is worth anything is just because of speculations and early adaption. All the mining power going through it has to pay off. But who keeps buying litecoins I have no idea and I wont understand why.

[doo]

This is a question I have asked myself lately. Where is litecoin even used?

While bitcoin has many merchants and is receiving big publicity, litecoin is still unheard of.

The fact that it is worth anything is just because of speculations and early adaption. All the mining power going through it has to pay off. But who keeps buying litecoins I have no idea and I wont understand why.

Litecoin is a backup to bitcoin just like you backup your wallet. As wall st. money moves in now, litecoin does have the advantage of being reasonably "clean" without major scams and silk road involvement.
We dont know the result of the auction yet but if the gov sold bitcoins really did sell way above market price it can only mean one thing: It is the beginning of tainted and untainted coins and untainted sell at a premium. Being in the gov hands "cleaned" the coins. If this is the case it would be bearish for aon stuff. I dont mind the price going up, but dont like if it is so.

[Dogtanian]

I wouldn't say Litecoin is dead, but I guess it's stagnating a bit. It will probably continue to do so without many merchnats getting behind it and it will continue to lag behind bitcoin in such a fashion unless it can do so.

[guybrushthreepwood]

I think it's far from dead and is still a worthy investment. In the past LTCs value seems to have risen with btc spikes and I'm sure we'll see one again, but I echo the views of others saying they need some merchants behind it. After all, what good is a currency that you can't spend?

And shouldn't this be in alt coins?

[smoothie]

Let's see, if it goes to 0.0079, then spikes up to 0.01 for 1 week, then goes to 0.005, then spikes up to 0.007, then goes to 0.002, spikes up to 0.003. What is this? I'd say it's 'dying'. What would you call it?

I never said it's dead, I only advised the OP to get out of it. I wouldn't say it's dead, because it's not dead yet. Dying - yes, dead - no.

In my mind if something is dead it won't recover. Obviously that is not what you believe.

A short-lived spike (1 week) is not a recovery.

Never said that was a recovery but it wouldn't indicate that it is dead either.

Sounds like a definition difference of what you think "dying" or "dead" means to my definition.

I still believe my terms were reasonable given your price target claims. But of course you do not accept. No problem.

[devphp]

Let's see, if it goes to 0.0079, then spikes up to 0.01 for 1 week, then goes to 0.005, then spikes up to 0.007, then goes to 0.002, spikes up to 0.003. What is this? I'd say it's 'dying'. What would you call it?

I never said it's dead, I only advised the OP to get out of it. I wouldn't say it's dead, because it's not dead yet. Dying - yes, dead - no.

In my mind if something is dead it won't recover. Obviously that is not what you believe.

A short-lived spike (1 week) is not a recovery.

Never said that was a recovery but it wouldn't indicate that it is dead either.

Sounds like a definition difference of what you think "dying" or "dead" means to my definition.

I still believe my terms were reasonable given your price target claims. But of course you do not accept. No problem.

Ah, whatever, you talk too much about definitions.

See what I mean when I said the market is too thin when you look at the btc-e price chart from a few hours ago? The market is too thin and can quickly move both ways on a spike, that's why it's hard to tell what it's going to be doing for the span of 7 days. A whale could move the market for a few hours in both directions and that would make my prediction a loser if I had to go for 1 week in that bet. Regardless, the trend is downwards and will continue to be downwards, that can't be changed.

I could go for a certain date, and that would be adequate risk for both of us, but you want me to take all the risk, thanks, but no thanks

[bitwho]

let see...

Litecoin is second highest market in volume.

Litecoin has a still a long POW

Litecoin is well known and recognized  


yeah .. it sure is dead.




and to the silly Bitcoin only logic..  

yes, there is only gold, no other metal in the world! yes, there is only USD fiat and no other fiat in the world. Yes, there is only CocaCola and no other refreshment drink in the world. Yes there are only BMW and no other cars in the world. Yes there is only Iphone and no other phones in the world. yes, there are only dogs and no other pets in the world.

Yes, there is only Bitcoin and no other option out there!

flawless logic.



Seriously. its not that hard to see past your effort to make this post look like it was a legitimate one. people try to promote their coins why taking a shot at others should be a red flag and be ignored. They never have your best intention in their agenda

[bitcoinboy163]

I don't want to admit that ltc is dead but the truth is it's dying.so sad.

[devphp]

I don't want to admit that ltc is dead but the truth is it's dying.so sad.

You're a brave young man, unlike many others. Admit you were wrong and move on, that takes a lot of courage.

[smoothie]

I don't want to admit that ltc is dead but the truth is it's dying.so sad.

price going down =/= dying

The network security is still strong. Support for it is still strong.

But please if you feel the need to sell low and cheap ...well ....thank you.