For me LTC seems still high overpriced. Sometime it was THE altcoin. Now its just another one.
The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.
little Litecoin is just going through its birth process none of the others on the Cap (top 20) (apart from Quark) flow with any free market force. (perhaps Zeta)
if ASICs proliferate Litecoin has a chance - if not its going to slip into obscurity.
sorry i'll add FTC and Prime to that list - they "pretty much" flow with the free market more or less.
Litecoins volume in USD today is nearly $7,000,000 ranking 2nd behind BTC
Many coins are in the top 15 for volume of trade. For example Ripple, Darkcoin, Doge and Monero all trading 5 or 6 figure volumes (USD) so far today.
So far today Quarks volume is $1920. LOL.
If by "fluid with the market" you are talking about liquidity... well Quark is losing badly and is in 56th place as an alt.
have you read any of his "threads"? He is a huge troll and the best action would prolly be to put him on ignore.
suck a dick bagholder - as for "yada yada volume"
yeah all (most) Crypto are price manipulated retard - you can come on here an pretend you don't know that, you will achieve the result of looking like a "fucktard" < (that's a mix between a fucked retard i assume?)
I'm here to laugh at
you the Litecoin bagholder. that's why i'm commenting on here.
feel free to put me on ignore, and i'll continue to laugh at
your massive loss. (that you will likely never recover)
I would elaborate on this and state that any asset is manipulated (too largely include USD and other countries money). Hell what do you think wall street and the federal reserve do? The sad part is that these sicknesses have slithered their way into crypto's en masse.
Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me. Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish. The 365 day chart does not look good...at all.
Is there some particular news that is triggering this massive downward slope? And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.
When the threat of scrypt ASICs reared its head earlier this year, there were some calls for LTC to implement a new algo, with many favoring X11.
However, both Charles and Warren were against the idea.
Not long after, commercial scrypt ASICs started to be distributed and their impact began to felt almost immediately.
A short while ago, as LTC's price continue to slide, Charles proposed a merge mining solution with Dogecoin.
But, rumors began to float that
Charles was bribed by Chinese ASIC manufacturers to push the idea, so Dogecoin devs apparently turned him down. This triggered the second major price drop.
So what is in store for LTC now?
I think the price will naturally level off once scrypt ASICs profitability levels are established.
It could be weeks, or months, as people learn to optimize and fine tune scrypt ASIC miners.
Forking over to a new algo was a dumb idea, and it still is. It wasnt jsut Charlie and Warren, there were a number of members myself included that stated we should not switch to another algo. x11 is no better, and FPGA's have already been developed for them for quite some time now. If there is a financial incentive, someone will make an asic.There is no way around this at all.
As far as the price, I personally expected it. The same thing happened to Bitcoin when asics were deployed.
PS: AUXPoW (merge mining) has nothing to do with the topic, it was to help Dogecoin. There is little to no benefit that Litecoin receives from it. And no he was not "bribed" from asic manufacturers, this is a very dirty lie created by trolls.
