LTC good investment?

[MicroGuy]

Goldcoin has one dev completely controlling the client, maintaining the chain. and you microguy censor anything you don't like within your community and even self mod threads here.

Fair enough. But we're evolving and getting better each day!  

(btw ...I haven't censored anything since 2013.)

[shanem]

LTC is the worst investment ever. It keeps dropping and dropping from the chart.
Even Darkcoin manages to stop the downward trend and is going close to 0.02 soon.

[smooth]

At this point, the ecosystem better understands that bitcoin is the value/money chain, with a likely insurmountable network effect. Coins like LTC which are just clones with parameter tweaks offer nothing over bitcoin, and now that the novelty has worn off, and alts that *do* offer legitimately interesting features exist, the market is (finally) beginning to price the clone-coins rationally. For a coin to even potentially have longevity, it must offer something that bitcoin does not. Money and technological-protocols both exhibit strong network effects. Bitcoin is both, so a coin needs to be *meaningfully* different in order to fill a niche (eg, inherent chain privacy, etc).

Agree, and more than that I quite seriously expect LTC/BTC to approach zero in the foreseeable future. (I do not expect BTC to approach zero soon, thus this ratio is well formed.)

Parameter tweaks were an interesting experiment though, that in theory could have worked (better parameters replacing worse parameters). Now that that experiment has been run the possibility of this happening is vastly lower.

[spartak_t]

You are forgetting that LTC will halve in about 3 months and a lot more ASICs will be involved in the mining process. Thus will make LTC more rare as it is now. I can't say it is the best investment out there, but you surely can't lose much at those prices so I think it isn't a bad move to invest some money in it.

[kelsey]

in this alt coin section you're always going to get litecoin haters (as people here want what alt they're bagholding to succeed) so little hope of any unbiased opinions.

[sofu]

LTC is no investment. Its a fucking casino game by market makers. The lower it goes the more money to make for whales on okcoin. Imagine the profit if LTC price is 10Yuan and goes down 2Yuan (20%) and whales fill their x20 leverage short contracts

[spartak_t]

LTC is no investment. Its a fucking casino game by market makers. The lower it goes the more money to make for whales on okcoin. Imagine the profit if LTC price is 10Yuan and goes down 2Yuan (20%) and whales fill their x20 leverage short contracts

Better risk with LTC instead buying some shitcoins with fancy threads, features and empty promises. I still believe that low BTC/LTC price is because many people lost their faith in cryptocurrencies and shitcoins are one of the reasons. 

[smooth]

You are forgetting that LTC will halve in about 3 months and a lot more ASICs will be involved in the mining process. Thus will make LTC more rare as it is now. I can't say it is the best investment out there, but you surely can't lose much at those prices so I think it isn't a bad move to invest some money in it.

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

[spartak_t]

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

Losing money on a coin is always on the table. That's why I said that many people lost their faith in crypto. It's not about hating - it's about the situation in which cryptomarket currently is. I still believe that investing in LTC is not a bad idea at all. Personally I am trying to accumulate as much as I can. I even made a bold prediction about Bitcoin - $450 by the end of April. This can move the price of LTC somewhere between $2,50 - $3,00, but of course that's just a hunch...

[smooth]

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

Losing money on a coin is always on the table. That's why I said that many people lost their faith in crypto. It's not about hating - it's about the situation in which cryptomarket currently is. I still believe that investing in LTC is not a bad idea at all. Personally I am trying to accumulate as much as I can. I even made a bold prediction about Bitcoin - $450 by the end of April. This can move the price of LTC somewhere between $2,50 - $3,00, but of course that's just a hunch...

I respect your right to make a different call about LTC. I don't disagree about BTC though. Best to you crypto brother.

[kelsey]

You are forgetting that LTC will halve in about 3 months and a lot more ASICs will be involved in the mining process. Thus will make LTC more rare as it is now. I can't say it is the best investment out there, but you surely can't lose much at those prices so I think it isn't a bad move to invest some money in it.

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

but a biased btc , monero fanboi you is?

ltc will do just fine as it has as currency especially for the mainstream one huge advantage over even bitcoin, that most closet tech crowd who push the innovation/technology line don't see to get......

[smooth]

You are forgetting that LTC will halve in about 3 months and a lot more ASICs will be involved in the mining process. Thus will make LTC more rare as it is now. I can't say it is the best investment out there, but you surely can't lose much at those prices so I think it isn't a bad move to invest some money in it.

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

but a biased btc , monero fanboi you is?

Not really, I hold several different coins besides those.

[kelsey]

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

Losing money on a coin is always on the table. That's why I said that many people lost their faith in crypto. It's not about hating - it's about the situation in which cryptomarket currently is. I still believe that investing in LTC is not a bad idea at all. Personally I am trying to accumulate as much as I can. I even made a bold prediction about Bitcoin - $450 by the end of April. This can move the price of LTC somewhere between $2,50 - $3,00, but of course that's just a hunch...

people here may laugh but seeing a few things behind the scene (etf etc) i see bitcoin at $4k by the end of the year and ltc at $200......possibly a few lame alts dragged along if fiat profits your thing.

longterm i see no current crypto surviving as a currency in any meaningful fashion.

[kelsey]

You are forgetting that LTC will halve in about 3 months and a lot more ASICs will be involved in the mining process. Thus will make LTC more rare as it is now. I can't say it is the best investment out there, but you surely can't lose much at those prices so I think it isn't a bad move to invest some money in it.

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

but a biased btc , monero fanboi you is?

Not really, I hold several different coins besides those.

i'm guessin dakrcoin and the like....or whatever innovation is the current flavor of the day (not on the attack btw but may come across like that in text).

[spartak_t]

I respect your right to make a different call about LTC. I don't disagree about BTC though. Best to you crypto brother.

i'm guessin dakrcoin and the like....or whatever innovation is the current flavor of the day (not on the attack btw but may come across like that in text).

I will not be surprised if DRK goes over 0.03 - 0.04. More than 50% of the coins are in the hands of 2-5 people so I believe that soon another pump will be made. I'm not touching it though...

[smooth]

You are forgetting that LTC will halve in about 3 months and a lot more ASICs will be involved in the mining process. Thus will make LTC more rare as it is now. I can't say it is the best investment out there, but you surely can't lose much at those prices so I think it isn't a bad move to invest some money in it.

You can lose 100% of your investment. And no I'm not a "hater" of LTC, I entirely don't care about it, just giving my opinion.

but a biased btc , monero fanboi you is?

Not really, I hold several different coins besides those.

i'm guessin dakrcoin and the like....or whatever innovation is the current flavor of the day (not on the attack btw but may come across like that in text).

Okay yes I have 1 DRK, but that was bought as a bit of a joke, so for the most part no, I'm not counting that.

Besides BTC and XMR I have some DOGE, CLAMS, two of the old school alts other than LTC, a little Ripple, more Stellar, and a bunch of much smaller coins that seem to have promise (long term shots of course).

I agree with what spartak_t just said about DRK.

[Agestorzrxx]

Why people still invest Ltc?
Compare to Btc, Ltc is just a clone of Btc. It has no innovation. It used to claim Asic resist, but it's failed to resist Asic miner. 

[spartak_t]

Why people still invest Ltc?
Compare to Btc, Ltc is just a clone of Btc. It has no innovation. It used to claim Asic resist, but it's failed to resist Asic miner. 

It's simple. One of the main reasons are the shitcoins which popping up each and every day. We have seen much of "innovations" lately. People are forgetting that one of the most important things for a coin is to stay. LTC is here. Where are 100s of others which promised innovations?

[spartak_t]

LTC is only here because bitcoin fanboy want it to be. If they wanted they would already 51% attack it.
Like they did with feathercoin/worldcoin and many more.

The true reason why Bitcoin is falling is, there're still to many thiefs and scammers in this community.

Why kill LTC? People who can do that actually are making money of cryptocurrencies. They will kill not only LTC, but their future profits as well. Otherwise it's true... too many scammers since 2014.

[cramved]

I find ltc too unpredictable it has gone as high as $50 and as low as $2. I would stay away because of that. Although it is pretty low right now so there is not much more it can go down.