/biz/ - Business & Finance

Bitcoins you can actually use to buy something.

Whales use it to move bitcoins between exchanges wihtout drawing too much attention.

>>25097794
It exists to pump in a bull market and then absolutely destroy the idiots that keep holding it, thinking it has an actual use.

Litecoin's value proposition:
- High liquidity & on every exchange
- #2 supported on ATMs
- 350m
@PayPal
users
- $104m
@Grayscale
LTCN trust
- 99% Scrypt hashrate dominance
- MWEB fungibility/privacy
- Low fees & fast txns
- $500b+ value transferred
- 9+ years w/ zero downtime

it exists so that charlie lee could dump on your stupid ass and make himself rich.

litecoin is a useless copycat coin like bitcoin cash or ethereum classic, and like those other copycat coins the price will trend towards zero over time. litecoin has held up by using clever marketing lines like "silver to bitcoins gold" which is persuasive to stupid people who don't understand why silver was used in conjunction with gold historically. over time though I predict more people will catch on to how stupid that is and dump this trash

>>25098232
/thread

Nothing wrong with holding litecoin in a bullrun and then offloading it.

don't 'invest' in it though.

>>25098232
>>25098692
You two might enjoy this Litecoin schizoposter who was here lastnite.
>>/biz/thread/S25074660

>>25098692
Lee is still developing on the project tard. He sold his coins so he wouldn't be associated with all the other scan coins where those creators bag hold all the supply

Imagine thinking people care about "tech" in crypto. Just follow the stupid money and get in this. This is the cheapest coin on paypal and will skyrocket

>>25098692
that chink was preaching the hodl meme weeks and days before he took a massive dump on the bag holders

>>25097794
>chink creates a copy of bitcoin
>somehow gets it listed on coinbase
>normies buy the shit out of it during the 2017 altcoin bubble because it’s “cheaper” than bitcoin
>chink dumps his entire stack at the absolute top
>normies keep buying it for some inexplicable reason
Pretty incredible

>>25098758
yes, i'm sure he dumped on all the bagholders at the very top so he could remain his integrity. purely for selfless reasons, no doubt

no doubt he sold his coins so he could focus entirely on developing litecoin even though litecoin is a dead project, last commit on the git repo was April 2020 and zero code contributions by Lee

I have a big bias for Litecoin, but there are only two other tokens i would prefer over Litecoin.
That's ALBT and Starname, hope 3 of them all do good though

LTC has very underrated memes. Would post some but PC is stashed away for moving.

>>25099025
Imagine thinking that's his primary GitHub account

>>25097794
DUDE!
Litcoin is like silver and Bitcoin is gold!
This is a solid buy bro!
If you can't afford a Bitcoin, just buy a Litecoin, it's cheaper bro!

>>25098232
This. i have made more money longing and shorting this shit than anything else during this run.

>>25098692
as opposed to that ether nigger that is still taking peoples money

>>25098758
>>25098692
>>25099025
Let's not forget his "I have to dump my bags because Facebook is about to adopt LTC as its sole method of payment and is hiring me to help and they say it's a 'conflict of interest' for me to keep it" pump fraud.

>>25099025
>litecoin is a dead project, last commit on the git repo was April 2020 and zero code contributions by Lee
There was a leaked transcript from a conference call with "The Litecoin Foundation" where he told the moneybags people who are supposedly funding its continued development that there were only three developers including himself, one quit, one ghosted, and he really doesn't give a crap any more. Basically no timeline on any future upgrades, and the """"Foundation""""" doesn't have enough cash to hire any real developers with sufficient crypto knowledge to not fuck it up. IIRC the transcript was leaked around August 2019.

>>25099101
Pajeet my son, fuck off and take a shit on the street.

>>25098692
and etc is the original, eth is the hardfork you fucking retard. nobody listen to this idiot

because charlie lee was looking for a quick ponzi pump and dump scheme to do on us

>>25099443
okay tell me then which of his other github accounts is the one that isn't making any commits to litecoin?

I love that the biggest FUD against this god coin is that the founder sold his coins three years ago. Name one coin where the creators sold their coins and are still involved with the project.

>>25099583
and bitcoin sv is the *real* bitcoin amirite?

>>25099560
>he really doesn't give a crap any more
no shit. CL dumping his litecoin would be like Jeff Bezos dumping all of his Amazon stock but then telling investors "don't worry I'm still fully committed to the success of Amazon"

>>25099631
did I say that you retarded nigger? ether classic was the original ether and not a copy before the centralized kikes who run it had to bail people out

>>25099736
the exact same sort of argument cashies and craigtards make. fact is ETH is where all the developers and users went, while Ethereum Classic has no users and is worth less than 1% of Ethereum. the Ethereum that people adopt is the real Ethereum & purity tests don't mean shit

>>25099833
still doesn't make ETC a copy like LTC or BCH/BSV whatever. KYS retard

>>25099602
*nobody* is involved with the project. why would they be when the creator basically gave it a vote of no confidence?

>>25098981
Will you cry when LTChads flip your ripple scam ?

>>25099918
>vote
Google mimblewimble

>>25099999
DIGITS
cRIPPLES ON SUICIDE WATCH

>>25099999
>repeat

>>25099511
How well are you timing the market? It's up 100% in the last 3 months.

>>25100072
okay, I did. and...?

>>25097794
Exists to piss newfags off for not understanding it or crypto kek.

>>25100177
Ok now google mimblewimble and litecoin testnet and all the tech stuff

>>25099999
ltc 20k eoy digits confirm

>>25099999
EVERY coin will flip xrp tho

>>25097794
it exists to swap into monero.

>>25099631
He's correct, ETH kept the "ticker symbol" but ETC is running the good old "immutable ledger" code. ETH is the result of Vitalik deciding "fuck immutability" to hardfork so he could unwind the The DAO hack.

>>25099833
Immutability means a lot. Bitcoin would never hardfork to recover people's money -- that was brought up as a possible solution to unfuck the MtGox fiasco and it was correctly decided that that would destroy the fundamental principles of Bitcoin because which word of IMMUTABLE LEDGER don't you understand?

>>25100268
So what? No one is implementing it, especially not Litecoin. IIRC that was one of the things brought up in that transcript call.

>>25098232

it supported segwit before btc and is somewhat asic-resistant. there's actually not that much ltc in circulation or left to mine either. strictly better than btc imo.

>>25100545
>Immutability means a lot.
clearly it doesn't because ETC the supposed immutable coin is worth less than 1% of ETH. The DAO rollback happened in the early days of ETH and something like that will probably never happen again. They didn't rollback the chain because of the Parity bug for instance.

Don't forget that in the earliest days of Bitcoin there was a chain rollback to fix an inflation bug. bitcoin wasn't an "immutable ledger" back then but that didn't do anything to stop its growth

I bought some ltc last night as my first crypto

did I fugg up

>>25101522
it's fine
but your majority position should always be BTC

>>25101587
Is it true that it's gonna shoot up even higher soon? Or even plausibly true

>>25102099
It's about to start its halving cycle uptrend.