The Litecoin Thread

Benildus · 24-11-2017 4:07pm

12% growth over the last week in LTC

ZeroThreat · 25-11-2017 12:14am

username?! wrote: »

Its the cheapest of the top coins. There is room for huge movement in it, also the tech and team behind it are strong. With coinbase now opening up institution investments all of the 3 will increase dramatically.

are coinbase planning on adding any others to the 'big 3' ?

traveller0101 · 25-11-2017 2:17pm

ZeroThreat wrote: »

are coinbase planning on adding any others to the 'big 3' ?

I think they're making BCash available in 2018

ZeroThreat · 25-11-2017 6:41pm

traveller0101 wrote: »

I think they're making BCash available in 2018

*Spits on ground*

ZeroThreat · 29-11-2017 12:31pm

So, Litecoin reaches $100 now

Shauny2010 · 29-11-2017 5:21pm

Used Litecoin for the first time last night. Bought them on Kraken for $93. Sent them to Bittrex and sold them for $94

I only used them to transfer funds as I wanted to buy more Neo.
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.

DeSelby83 · 29-11-2017 7:08pm

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 · 30-11-2017 9:22am

Anyone predicting best case scenario prices ?

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

ZeroThreat · 30-11-2017 10:34am

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

kellbag91 · 30-11-2017 2:39pm

Not sure I've come the party late on the cryptos but from doing a bit of my own research on the market Bitcoin margins seem a bit high to make any real money. I've moved to litecoin because it's one of the big 3 on Coinbase which seems like the tinder of Crypto apps. I also noticed over the last few days when Bitcoin was up in value so was Litecoin and vice versa. The end of 2018 some seem to think 1000 USD in price. but who knows.

The One Doctor · 03-12-2017 9:49pm

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.

Chancer3001 · 04-12-2017 12:30am

Huh???

highgiant1985 · 04-12-2017 12:50am

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.

Shiny · 04-12-2017 9:29am

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.

Are you sure its one person? Its more likely dozens if not hundreds of people.

This has happened due to opportunists hoping for another flash crash on gdax.

Edit, I know the flash crash was Eth but the principle is the same across all currencies.

pro_gnostic_8 · 04-12-2017 11:56am

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!

pro_gnostic_8 · 04-12-2017 12:07pm

username?! wrote: »

Its the cheapest of the top coins. There is room for huge movement in it, also the tech and team behind it are strong. With coinbase now opening up institution investments all of the 3 will increase dramatically.

The tech behind it is essential Bitcoin tech; Litecoin is a clone of Bitcoin.
And the team is frankly one person -- Charlie Lee -- the founder.

I'm not attacking Litecoin, I'm just curious as to what unique selling point Litecoin would have once Bitcoin incorporates Lightning Network, schorr signatures and atomic swaps etc. Won't Litecoin be redundant in that scenario.

And what makes you believe that their would be a mad rush by institutional investors just because an exchange (Coinbase) integrates Litecoin into it's markets? Bitstamp and many others have been doing so for years.

The One Doctor · 04-12-2017 7:41pm

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.

Chancer3001 · 04-12-2017 8:13pm

Some trough....

In the last 2 weeks it's gone from 70 to 100....

Keep on troughing!

EagererBeaver · 08-12-2017 4:24pm

A nice, round €100.

EagererBeaver · 08-12-2017 4:26pm

EagererBeaver wrote: »

A nice, round €100.

Briefly...

machiavellianme · 08-12-2017 5:11pm

True. 101.32 doesn't have the same ring to it.

Benildus · 08-12-2017 5:19pm

€105.74 now...

what's causing this burst?

machiavellianme · 08-12-2017 5:19pm

And 108.42 is a pure vertical trending trough.

rapul · 08-12-2017 5:23pm

105.98 at the mo for me ,this is great

machiavellianme · 08-12-2017 5:33pm

111 on GDAX and no signs of stopping. It's like watching BTC yesterday.

papu · 08-12-2017 5:34pm

Benildus wrote: »

€105.74 now...

what's causing this burst?

Combination of media attention and the new BTC transaction fees maybe?

machiavellianme · 08-12-2017 5:36pm

Just cancelled my sell order at 120 to see where this goes. It's incredible to jump 20% in a matter of minutes.

rapul · 08-12-2017 5:39pm

i know hit 118 there madness

machiavellianme · 08-12-2017 5:43pm

It reached 125 on GDAX. Still above 115 now. Incredible.

papu · 08-12-2017 5:44pm

Happy I got partially in with this. Not so happy I'm mainly in on BTC and ETH.

Tempted to swap to Litecoin with some of that now if this keeps up.

The Litecoin Thread

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