Author Topic: Why is Litecoin going insane?  (Read 18264 times)

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Offline ppu-prof_kn

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Offline fran2k

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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/
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Offline jsidhu

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i'll wait until its under a dollar.

Ouch. :P
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
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Offline Ander

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i'll wait until its under a dollar.

Ouch. :P
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.
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Offline jsidhu

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i'll wait until its under a dollar.
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Offline Ander

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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!
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Offline jsidhu

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Offline Ander

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Now its going up again?
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Offline Ander

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So much for hitting those LTC faucets a bunch yesterday.  lel.
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Offline cylonmaker2053

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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!

Offline Ander

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LTC down more than 50% in less than 12 hours.
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Offline cylonmaker2053

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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 :)
« Last Edit: July 10, 2015, 07:42:02 pm by cylonmaker2053 »

Offline nomoreheroes7

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Now theyre pumping Dash,

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

Offline Ander

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Now theyre pumping Dash, 
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Offline Erlich Bachman

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Why is Litecoin insane?



You own the network, but who pays for development?

Offline xeroc

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Now THAT is a dumping :D

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

Offline Ander

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Down goes the litecoin. 

As soon as BTC finally starts moving up. 



Hopefully we ill see a reversal in which coinds are going up.  BTS and BTC up, stupid coins with no future down. :P  Instead of the reverse.
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Offline Ander

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MLM crypto schemes?

They are supported by ads and gambling I think. :P
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Offline cylonmaker2053

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and LTC has the same volume as BTC right now !  :o


i know, cuh-razy!!!

Offline cylonmaker2053

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Time to hit up litecoin faucets and then dump them for BTS.  lol. 
Except than even up 400%, faucets are still a complete waste of time.

what do you mean by 'faucets'? like blockshares or shapeshift.io?

I mean stuff like these.  (And these are the least worthless ones!)

LTC:
http://moonliteco.in/?ref=04212f5ec4d8
BTC:
http://bitcoinker.com/faucet?ref=07a233f2a083
http://bitcoinzebra.com/?ref=e296364bccce
http://moonbit.co.in/?ref=4ee2143afd79
http://freebitco.in/?r=1110390
DOGE:
http://freedoge.co.in/?r=196140
http://moondoge.co.in/?ref=16b39ab7ad9d


They're a waste of time, but sometimes if youre angry about some other coin going up while BTS is so low, its a way to get some so you can dump it and get a few BTS. :P

MLM crypto schemes?

Offline liondani

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There seems to be an extraordinary and coordinated effort to keep BTC from taking off on the next bull run.

I have no data to back this up, just many years watching the markets and lately many hours watch the BTC charts.

It seems eerily similar to the gold and silver markets.

China is crashing terribly, Greece just defaulted, the EU is in shambles, risk is spiking everywhere. And yet safe-haven/risk off assets such as gold and silver are getting slammed. It makes absolutely no sense - unless you're pulling the levers and keeping the crowd in equities by making the alternatives seem worse.

I think LTC is the canary in the coal mine. There has been much heavier investment by the big boys in BTC, and they have proportionally more control over the asset. LTC and most other alts I think have been marginalized, so when one goes on a run there's not much the big boys can do about it.

As I've said for the past 18 months or so, the big boys are keeping BTC down and steady until they can open the ETF pipeline. At that point, mark my words, we will watch billions, yes billions, flow into BTC very, very quickly. I would say (and have said) BTC will hit $10-50k within six months of the ETF going live. It is going to be insane.

interesting...

BTC volume is about 3x what i remember it to be a couple months ago, so there's definitely something going on.

and LTC has the same volume as BTC right now !  :o

Offline Ander

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Time to hit up litecoin faucets and then dump them for BTS.  lol. 
Except than even up 400%, faucets are still a complete waste of time.

what do you mean by 'faucets'? like blockshares or shapeshift.io?

I mean stuff like these.  (And these are the least worthless ones!)

LTC:
http://moonliteco.in/?ref=04212f5ec4d8
BTC:
http://bitcoinker.com/faucet?ref=07a233f2a083
http://bitcoinzebra.com/?ref=e296364bccce
http://moonbit.co.in/?ref=4ee2143afd79
http://freebitco.in/?r=1110390
DOGE:
http://freedoge.co.in/?r=196140
http://moondoge.co.in/?ref=16b39ab7ad9d


They're a waste of time, but sometimes if youre angry about some other coin going up while BTS is so low, its a way to get some so you can dump it and get a few BTS. :P
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Offline cylonmaker2053

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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!

Offline cylonmaker2053

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Time to hit up litecoin faucets and then dump them for BTS.  lol. 
Except than even up 400%, faucets are still a complete waste of time.

what do you mean by 'faucets'? like blockshares or shapeshift.io?

Offline Ander

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Time to hit up litecoin faucets and then dump them for BTS.  lol. 
Except than even up 400%, faucets are still a complete waste of time.
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Offline masterofmyself

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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!

Offline cylonmaker2053

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how would a market manipulator be able to suppress BTC price? i get it in the gold and silver markets it's possible to write contacts on physical and sell those contracts as if they were physical, but what equivalent mechanism exists in crypto? crypto derivatives are still way too immature to do that.

Offline Empirical1.2

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There seems to be an extraordinary and coordinated effort to keep BTC from taking off on the next bull run.

I have no data to back this up, just many years watching the markets and lately many hours watch the BTC charts.

It seems eerily similar to the gold and silver markets.

China is crashing terribly, Greece just defaulted, the EU is in shambles, risk is spiking everywhere. And yet safe-haven/risk off assets such as gold and silver are getting slammed. It makes absolutely no sense - unless you're pulling the levers and keeping the crowd in equities by making the alternatives seem worse.

I think LTC is the canary in the coal mine. There has been much heavier investment by the big boys in BTC, and they have proportionally more control over the asset. LTC and most other alts I think have been marginalized, so when one goes on a run there's not much the big boys can do about it.


I've had similar thoughts myself and it would certainly make sense to strategically suppress BTC much the same way as is done with gold and silver during a crisis & they may indeed have much less control over LTC. Unfortunately I don't have any evidence to back that up.

I've even speculated (incredibly unlikely) that if China viewed the rise of crypto-currency as inevitable that they would let the West corner BTC while they cornered LTC. Then when they unleash LTC the West either loses by giving up the BTC suppression game or loses market leader position to LTC which the West have no controlling stake & dominant partnerships in.   (It's far more likely though that China would prefer to limit the use of crypto-currency in general though.)
« Last Edit: July 09, 2015, 03:14:43 pm by Empirical1.2 »
If you want to take the island burn the boats

Offline cylonmaker2053

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There seems to be an extraordinary and coordinated effort to keep BTC from taking off on the next bull run.

I have no data to back this up, just many years watching the markets and lately many hours watch the BTC charts.

It seems eerily similar to the gold and silver markets.

China is crashing terribly, Greece just defaulted, the EU is in shambles, risk is spiking everywhere. And yet safe-haven/risk off assets such as gold and silver are getting slammed. It makes absolutely no sense - unless you're pulling the levers and keeping the crowd in equities by making the alternatives seem worse.

I think LTC is the canary in the coal mine. There has been much heavier investment by the big boys in BTC, and they have proportionally more control over the asset. LTC and most other alts I think have been marginalized, so when one goes on a run there's not much the big boys can do about it.

As I've said for the past 18 months or so, the big boys are keeping BTC down and steady until they can open the ETF pipeline. At that point, mark my words, we will watch billions, yes billions, flow into BTC very, very quickly. I would say (and have said) BTC will hit $10-50k within six months of the ETF going live. It is going to be insane.

interesting...

BTC volume is about 3x what i remember it to be a couple months ago, so there's definitely something going on.

Offline oldman

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There seems to be an extraordinary and coordinated effort to keep BTC from taking off on the next bull run.

I have no data to back this up, just many years watching the markets and lately many hours watch the BTC charts.

It seems eerily similar to the gold and silver markets.

China is crashing terribly, Greece just defaulted, the EU is in shambles, risk is spiking everywhere. And yet safe-haven/risk off assets such as gold and silver are getting slammed. It makes absolutely no sense - unless you're pulling the levers and keeping the crowd in equities by making the alternatives seem worse.

I think LTC is the canary in the coal mine. There has been much heavier investment by the big boys in BTC, and they have proportionally more control over the asset. LTC and most other alts I think have been marginalized, so when one goes on a run there's not much the big boys can do about it.

As I've said for the past 18 months or so, the big boys are keeping BTC down and steady until they can open the ETF pipeline. At that point, mark my words, we will watch billions, yes billions, flow into BTC very, very quickly. I would say (and have said) BTC will hit $10-50k within six months of the ETF going live. It is going to be insane.


Offline cylonmaker2053

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Offline Empirical1.2

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Litecoin is still considered the next crypto-currency should Bitcoin run into problems and is also coming up to a block reward halving which could significantly reduce selling pressure. Combined I wouldn't be surprised to see the LiteCoin rally continue strongly. 

Capital controls this weekend possibly for Greece could be good for all crypto too if it actually happens this time.


I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off.

In terms of percentage gains LTC & DGC could be the big winners,  followed by NXT & possibly PPC etc, then Bitcoin itself.

The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.


you are now left with the frustrating situation where vastly inferior blockchains will rise rapidly in value when centralised currencies have problems despite having almost no development and being extremely costly while BitShares, who is literally blowing them away from a development standpoint and cost comparison has to get it's valuation up the hard way through blood, sweat and tears.


Litecoin is also popular in China and they are having a big stock market unwind there at the moment, while Bitcoin is also still continually experiencing problems.
« Last Edit: July 08, 2015, 08:23:38 pm by Empirical1.2 »
If you want to take the island burn the boats

Offline D4vegee

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What goes up. Must come down. This is blatant manipulation by some Chinese group making even more $$$ as a spin off from the Chinese stock 'crash'. I'd be very nervous now if i were buying LTC.

yeah i've actually been happy to trade some of my LTC for BTS over the last week. I'm a fan of gradually unwinding positions on the way up; problem is that i tend to miss the big 10x-100x moves that way!

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Offline cylonmaker2053

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It's Goldman playing the markets with their experimental trading strategy. So far it's yielded 500% returns for them.
I understand he is working with approximately 10,000 BTC and gets paid peanuts.

Upper management is considering promoting him to handle NYSE trades.



LOL  +5% +5% +5%

Offline cylonmaker2053

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What goes up. Must come down. This is blatant manipulation by some Chinese group making even more $$$ as a spin off from the Chinese stock 'crash'. I'd be very nervous now if i were buying LTC.

yeah i've actually been happy to trade some of my LTC for BTS over the last week. I'm a fan of gradually unwinding positions on the way up; problem is that i tend to miss the big 10x-100x moves that way!

Offline BunkerChainLabs-DataSecurityNode

It's Goldman playing the markets with their experimental trading strategy. So far it's yielded 500% returns for them.
I understand he is working with approximately 10,000 BTC and gets paid peanuts.

Upper management is considering promoting him to handle NYSE trades.

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Offline D4vegee

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What goes up. Must come down. This is blatant manipulation by some Chinese group making even more $$$ as a spin off from the Chinese stock 'crash'. I'd be very nervous now if i were buying LTC.

Offline merivercap

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Offline cylonmaker2053

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LTC is a solid alternative to BTC, especially for those just getting into crypto and looking for higher multiples on the upside. i really don't think there's much more logic to it all, unless, of course, there are some wealthy insiders who have wind of something we don't. Momentum also feeds on itself in the short term, so who knows?

Offline Chuckone

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I believe some investors are bound for a solid hangover. A 4 fold increase in the last month... Correction time is coming soon IMO

Offline fav

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it's not being spammed unlike bitcoin?

Offline Pheonike

It's a cheaper hedge than Bitcoin. If you are jumping into crypto you will get a better multiplier with litecoin.
« Last Edit: July 08, 2015, 05:33:46 pm by Pheonike »

Offline Method-X

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Either markets are completely irrational or there is some development with LTC I'm not aware of.