Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BITTREX.COM] LitecoinPlus (XLC) / fast / green / bounties
by
XBCplus
on 10/06/2014, 02:20:23 UTC

I completely understand your frustration but please see our position right now. Our hands are tied so we are actively talking about ways of creating more attention.

Any suggestions are welcome and encouraged. I was going to give away the XLC that I hold (as I have been buying over the last few weeks) but this wouldn't help the price.

Everyone needs to understand that development cycles go for a lot longer than 1 month. Imagine if everyone had given up on Bitcoin and Satoshi after one month? Just like bitcoin, these things take time.



As stated, the problem was the lack of activity for the first month of the coin. There was basically no development, hence the cycle was basically... release coin... forget about coin... make temp website... then notice there is hardly any volume to the coin. It shouldn't be a surprise.

What I would suggest is:

Use the ipo funds to buy votes. Use the funds to buy dev work for mobile wallets.

And this may seem a bit radical, but at this point I don't know what there is to lose -- rebrand the coin entirely. Consider it a dead coin that a dev plans to revive.

The LiteCoinPlus name was always a bit silly to begin with. BitCoinPlus could get away with it, as at least a lot of the general public has heard of bitcoin. It's not like litecoin is doing so fantastic either, nor is bitcoinplus so popular that it even needed a sister coin. Although XBC has been going up lately, XLC has been moving down. Down so much that one of my insanely low buy orders just got hit last night, after I got out of this coin previously.

Anyway, I'd go for a rebranding and get on other exchanges via ipo funds, not volume or voting (won't happen otherwise) -- unless it's a dinky small exchange like the ones I mentioned, mostly just to use as a lifeboat in case bittrex drops the coin.



Okay, my apologies. I thought our progress was going a lot faster compared to XBC's first month and I have been posting AT LEAST weekly.

But what is the point of wasting BTC on getting onto another exchange when the first exchange we're on doesn't even have any activity? It seems like a complete waste to me. If there is no volume on one exchange, how would stretching it out to another exchange fix this?

I like the mobile wallet idea, I'll look into it. I believe raxe offers a service like this.

However, I complete agree 100% regarding branding. Litecoin is not moving, BitcoinPlus is dropping. These are the two coins which are associated with XLC, therefore it is going to be a prickle to get moving. XLC relies a lot on XBC. Psychologically, XLC can never be worth more than XBC and the XBC fire is fading. Although I have heard of some developments with XBC that I will try to coincide with XLC. Hopefully this results in a double pump or just generallly more activity.