Bitcoin Forum
December 12, 2017, 08:56:35 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will Price of LTC go up or down when BTC-e resumes trading?  (Voting closed: August 02, 2012, 01:19:08 PM)
Up - 7 (26.9%)
Down - 9 (34.6%)
Same - 10 (38.5%)
Total Voters: 26

Pages: [1]
  Print  
Author Topic: [POLL] Will Price of LTC go up or down when BTC-e resumes trading?  (Read 908 times)
LiteBit
Legendary
*
Offline Offline

Activity: 1121



View Profile
July 31, 2012, 01:19:08 PM
 #1

I'm curious. Smiley
1513068995
Hero Member
*
Offline Offline

Posts: 1513068995

View Profile Personal Message (Offline)

Ignore
1513068995
Reply with quote  #2

1513068995
Report to moderator
1513068995
Hero Member
*
Offline Offline

Posts: 1513068995

View Profile Personal Message (Offline)

Ignore
1513068995
Reply with quote  #2

1513068995
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513068995
Hero Member
*
Offline Offline

Posts: 1513068995

View Profile Personal Message (Offline)

Ignore
1513068995
Reply with quote  #2

1513068995
Report to moderator
ElectricMucus
Legendary
*
Offline Offline

Activity: 1596


God of the code.


View Profile WWW
July 31, 2012, 01:23:06 PM
 #2

I don't really think it has any impact in itself.

From my observation people sell LTC when BTC goes up or down, and buying them back if it moves sideways. So predicting LTCs prices is even harder than predicting BTCs. In a way the more stable BTC is the higher LTC goes.
VelvetLeaf
Member
**
Offline Offline

Activity: 98


View Profile
July 31, 2012, 01:30:09 PM
 #3

If you want to know, it is obvious that price will go down a lot at least for a month.
Network hash rate is reduced to 216.85 MH/s from the original 330 MH/s.

People will dump most of their litecoin when trade open again and quickly withdraw.
Some will switch back to mine bitcoin, then they will wait for at least a week or months until it get stable before trading again.
I mean, who can guarantee the exchange won't get hacked or compromised again for the second time ?

BTC : 1GN81dxzxyFPQsyAtdocXr5S9Mcg4wcfFG
LTC : LgmYvXsYXc4xdjsMKXJWqtagxVvioK6iaw
FC : 6dpSnKMtttUUYzaRu1EB7Lu18PBRVHU3V7
ElectricMucus
Legendary
*
Offline Offline

Activity: 1596


God of the code.


View Profile WWW
July 31, 2012, 01:41:01 PM
 #4

If you want to know, it is obvious that price will go down a lot at least for a month.
Network hash rate is reduced to 216.85 MH/s from the original 330 MH/s.
wat?

Quote
ltc    0.29829    
Quote
ltc    183061    596M    2016    183456    395    80.41%    8.87986    10.41783    17.32%    0d 14hr 1m 42s

how can we have shrinking hashrate with 17% difficulty rise?
Your claims are either made up or at least plain wrong. 298MH vs 330MH is probably just network variance. We will probably stay over 300MH permanently after the next adjustment.
tgsrge
Member
**
Offline Offline

Activity: 70



View Profile
July 31, 2012, 02:09:45 PM
 #5

@op
it is hard to hazard a guess where the price will go, even harder than it would be for bitcoins so i wont.

If you want to know, it is obvious that price will go down a lot at least for a month.
Network hash rate is reduced to 216.85 MH/s from the original 330 MH/s.
current hashrate estimate is somewhere around 240MH/s (Edit: actually according to my rpcs the current speed is somewhere around 250MH/s). the difficulty is going up. the 330MH/s was always weird and i get the impression it is a single entity responsible for that.

People will dump most of their litecoin when trade open again and quickly withdraw.
Some will switch back to mine bitcoin, then they will wait for at least a week or months until it get stable before trading again.
can i borrow your crystal ball as well?will pay in btc.
I mean, who can guarantee the exchange won't get hacked or compromised again for the second time ?
this is outright non sense. mt gox was hacked before (and caused a huge crash and decrease in bitcoin trust itself while at it) and mt gox is still the biggest exchange.
also: THIS.
ElectricMucus
Legendary
*
Offline Offline

Activity: 1596


God of the code.


View Profile WWW
July 31, 2012, 02:18:00 PM
 #6

current hashrate estimate is somewhere around 240MH/s. the difficulty is going up. the 330MH/s was always weird and i get the impression it is a single entity responsible for that.
nope it's 298 MH/s

The pool-x estimation is buggy.
tgsrge
Member
**
Offline Offline

Activity: 70



View Profile
July 31, 2012, 02:27:32 PM
 #7

current hashrate estimate is somewhere around 240MH/s. the difficulty is going up. the 330MH/s was always weird and i get the impression it is a single entity responsible for that.
nope it's 298 MH/s

The pool-x estimation is buggy.
my rpcs says 250, but i am probably not as integrated into the network as that site. none the less the point is that the hashrate isnt declining nearly as much as he claims it is
The Koolio
Hero Member
*****
Offline Offline

Activity: 560


Minds are like parachutes they work best when open


View Profile WWW
July 31, 2012, 02:34:55 PM
 #8

its gonna go up... services and shops soon! plus rising popularity... even if btc-e did get raped its still all good

1. Litecoin 2. Bitcoin 3. Any of the Anon coins
str4wm4n
Legendary
*
Offline Offline

Activity: 1601


View Profile
July 31, 2012, 02:36:38 PM
 #9

Yeah, I see it as a right of passage for LTC
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!