Post
Topic
Board Altcoin Discussion
Re: Litecoin TANKING...opinions on future outlook both nearterm and long term?
by
meganite
on 13/08/2014, 20:34:56 UTC
For me LTC seems still high overpriced. Sometime it was THE altcoin. Now its just another one.

The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.

little Litecoin is just going through its birth process none of the others on the Cap (top 20) (apart from Quark) flow with any free market force. (perhaps Zeta)

if ASICs proliferate Litecoin has a chance - if not its going to slip into obscurity.

sorry i'll add FTC and Prime to that list - they "pretty much" flow with the free market more or less.

 

Litecoins volume in USD today is nearly $7,000,000 ranking 2nd behind BTC

Many coins are in the top 15 for volume of trade.  For example Ripple, Darkcoin, Doge and Monero all trading 5 or 6 figure volumes (USD) so far today.

So far today Quarks volume is $1920.  LOL.

If by "fluid with the market" you are talking about liquidity...  well Quark is losing badly and is in 56th place as an alt.

have you read any of his "threads"? He is a huge troll and the best action would prolly be to put him on ignore.

Exactly this. Plus, you can vote for him here:
https://bitcointalk.org/index.php?topic=729053.0