The Litecoin Thread

I'm expecting it to oscillate between 49 and 43 for the foreseeable future, like it has done for the last few weeks.
I'm hoping it goes back to its ATH value and on to the moon.
I fear it going back to 25.

I still have my BTC, am I mad?

(The current price is still 2,000 higher per bitcoin than what I paid)

The One Doctor wrote: »

I've just moved my BTC to LTC. LTC has much more predictable movements than BTC, which means it's better for taking advantage of small movements (€2.50 to €5) to make a small profit. I hated having to watch BTC swoop up and dive down. LTC is much more pleasant.

It's also got all the technical things BTC doesn't, like SegWit2x and a few others. It's a good contender for the long term.

Yes, I'm essentially trading, buying a few and selling them off a few hours/days later, but it's not heart attack island like Bitcoin.

Is Vertcoin almost identical to Litecoin except that it's able to be mined on standard GPU equipped PCs?

ZeroThreat wrote: »

I still have my BTC, am I mad?

(The current price is still 2,000 higher per bitcoin than what I paid)

I only switched to LTC because I was getting close (within €100) to what I paid for the BTC and didn't want to lose my investment. I have roughly the same amount of LTC as you.

Regarding VTC vs LTC, I've no idea how VTC works. There's an infographic here.

traveller0101 wrote: »

For those who are dumping their btc into ltc, are you paying CGT on the btc profits?

Good question.

As digital currencies assume a higher profile in the media and business, sooner or later revenue are going to start requesting details of Irish residents registered with the major crytpo sites and exchanges for further investigation.

So it would be advisable to get working on the 36 page form 11 pronto, as CGT disposals up to the 30 Nov have to made by 31 Dec, and allowing for the X-mas period, ideally they need to be sent in before the start of the holidays.

The One Doctor wrote: »

Everyone will make their own arrangements as appropriate.

not sure if you got my reply, I can't see a list of out going pms on my profile anywhere.

A Battered Mars Bar wrote: »

Ah sure begorrah isn't litecoin the sliver to bitcoins gold :rolleyes: :rolleyes:

Pointless coin. DUMP.

I made a reasonable amount trading it yesterday. It's well regarded.

A Battered Mars Bar wrote: »

What does it matter? I'll keep buying coins i want, to say what is to pump my coins, ive no interest in that, i'll buy as much as i can rather than pumping and pricing myself out the market.

But i sincerely have no interest in ltc, and this silver to gold bs motto bandied about is cringey nonsense from 2013.

You seem like someone who doesn't actually hold any crypto and comes here to without any intention of participating in a proper discussion tbh.

edit: lets not be throwing around accusations. report your thoughts on the motivations of a poster but lets not start dropping sandwiches under bridges.

username?! wrote: »

My thoughts are good on LTC. I can see it being 75% by Christmas with all altcoins due a run.

75% of what - the value of a BTC, I hope

Or did you mean €75?

ZeroThreat wrote: »

Litecoin just took quite a jump tonight..

Lightning integration announced...

So, Litecoin reaches $100 now

I think the atomic swap concept is pretty interesting too. Don't have a detailed exact understanding of it but using litecoin to pay for stuff in bitcoin and not pay any fee for changing sounds pretty good (if I understand it correctly).

Chancer3001 wrote: »

Anyone predicting best case scenario prices ?

Surely 1/4 of Bitcoin is ideal. As there's 4 times as many litecoins

Of course I'd ultimately prefer Vertcoin to reach that exchange rate, since I own about 1,000 of them

I noticed something interesting about Litecoin. On GDAX, the order book shows that someone, somewhere, holds circa 221 thousand coins... and expects the price to drop to zero one day.

That's why Litecoin will never get too expensive.

The One Doctor wrote: »

I noticed something interesting about Litecoin. On GDAX, the order book shows that someone, somewhere, holds circa 221 thousand coins... and expects the price to drop to zero one day.

That's why Litecoin will never get too expensive.

Sorry newbie to Cryptocurrencies here. I don't understand above statement. Mind if I ask, how do you they expect price to drop to zero one day from the order book?

My own background is -
I feel diversity is important in any portfolio. I've investments/assets in a number of other areas already e.g. purchased property (mortgaged), pension (maximizing contributions currently 20% of salary based on my age allowed limits), stocks (via Degiro)/

I feel my investments in Cryptocurrencies is a form of gambling for me really as I don't fully understand them but if things work out on them great, if not it was money I can afford to lose. I'm going to start off with relatively low amounts in to Bitcoin, Ethereum and Litecoin and then keep researching what other options are out there.

Shauny2010 wrote: »

Litecoin is a good coin, fast transactions too, it took less than 15 minutes to have the funds confirmed on Bittrex, I often waited for a day or more with Bitcoin and suffered the transaction fees too
If cryptos do start to get used for everyday transactions then its the coins with the low fees and fast transaction times which will become really popular.

They are fast because nobody is using these coins.
That's the dilemma, if Litecoin or any of the alts gained traction in usage, their blockchains and mempools would become bloated -- making their transaction times and fees even worse than the similar problems Bitcoin is currently experiencing.
Scaling for wide adoption and usage is a major issue across all crypto's, not just Bitcoin. Just yesterday, Ethereum blockchain became jammed because a few thousand extra were buying and trading Cryptokitties!

Litecoin is a testbed for new Bitcoin tech, that's all really. It has no special advantages except that it's one of the most well known altcoins and it's cheap. At the moment it's near it's peak, slowly beginning to slide off into a trough. While in percentage growth terms it's done better than Bitcoin, so have many other coins. No doubt it'll slide into obscurity in the next few years. I've traded on it and made a few schekels, but right now it doesn't have enough volatility since it's too near the ATH. I'm off to Ripple and Vertcoin.

A nice, round €100.