[POLL] Will Price of LTC go up or down when BTC-e resumes trading?

[LiteBit]

I'm curious.

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[ElectricMucus]

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]

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 ?

[ElectricMucus]

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?

ltc    0.29829    

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]

@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]

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]

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]

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

[str4wm4n]

Yeah, I see it as a right of passage for LTC