Why is Litecoin going insane?

[fran2k]

IMO - and I think it is at least an educated one - LTC is moving up for two reasons. Recently, the block reward halved, and I think we are seeing that knowledge post facto being priced into the market. I also think the lack of an answer to the block size debate in BTC is causing some capital flight into LTC until the BTC stuff gets worked out. It seems almost like a threat - "If you guys don't figure out this mess, we'll just switch to a new coin." It's beautiful, and I love it! BTC must submit to consumer demand!

that sounds like a very thoughtful, logical explanation for the LTC rally. i wouldn't be surprised if some of the demand comes through that channel, but i don't imagine that many traders to be so thoughtful!

Block halve reward (50 to 25 LTC/block) will occur in 42 days aprox.

http://www.litecoinblockhalf.com/

[jsidhu]

i'll wait until its under a dollar.

Ouch.
Yeah, dumps are brutal arent they.  They continue until well past everyone's 'buy the dip' target, until after months of pain, they get enough bagholders to give up so the whales are fully loaded again.

Yea plus thats the number ive been waiting for ever since it dropped from teens

[Ander]

i'll wait until its under a dollar.

Ouch.
Yeah, dumps are brutal arent they.  They continue until well past everyone's 'buy the dip' target, until after months of pain, they get enough bagholders to give up so the whales are fully loaded again.

[jsidhu]

i'll wait until its under a dollar.

[Ander]

Now its going up again?

nah its done.

Yeah, down it goes again.  The wild 40% swings up and down in lass than an hour, just crazy!

[jsidhu]

Now its going up again?

nah its done.

[Ander]

Now its going up again?

[Ander]

So much for hitting those LTC faucets a bunch yesterday.  lel.

[cylonmaker2053]

LTC down more than 50% in less than 12 hours.

just another $2 on the slide and i'll start picking up LTC again...

in other related news: 24hr BTC volume approaching $100M!

[Ander]

LTC down more than 50% in less than 12 hours.

[cylonmaker2053]

Now theyre pumping Dash,

I'm actually also a big fan of Dash...love anything that adds privacy layers.

just bought more BTS with some Dash, though

[nomoreheroes7]

Now theyre pumping Dash,

Lol BTS is practically the only alt left without a good pump...process of elimination...? Hah.

[Ander]

Now theyre pumping Dash, 

[Erlich Bachman]

Why is Litecoin insane?

[xeroc]

Now THAT is a dumping

I know exactly why I do not day-trade ..