/biz/ - Business & Finance

Why good is LTC, it stopped being the silver of BTC a long time ago.

>>16096149
One of the best performing coins of the past year

>>16096149
Has nothing to do with that ltc uses btc game theory of artificial scarcity , once the miners are making money again they will start to speculate and another bullrun starts.

LTC miners are being rekt atm they are in the negative hard , even the best asic is giving negative returns so miners are forced to sell every coin they mine and even then is not enough.

Once the base price is hit it's an obvious buy probably 30 usd.

<Tip

>>16096207
I guess. I am not smart so what is Target bull run?

>>16096203
Marginally better than most.. Still not too impressive

>>16096224
Based thank you.

>>16096226
No idea ,ltc always follows btc but the only sure thing is that if miners capitulate that is going to be the base price for the btc halvening bullrun which will move ltc too.

>muh store of value
>can't even be maintained profitably HAS TO DECLINE IN VALUE to become profitable again
Wow such a revolution.

>>16096239
Explain more pls, my front part of head is itching so you must be explaining something.

>>16096240
That's good because the miners that got rekt stop selling causing a reduction in supply and a massive increase in price afterwards , there is just a delay in the process.

>>16096247
Miners are forced to sell to pay electricity and hardware , since they are in the negative now they are stoping to mine as a result the hashrate is collapsing and they are also forced to sell everything they mine.

So they can't speculate due to how bad their income is atm , this means that ltc price is collapsing until it hits a base price where some miners are proffitable again.

Once that happens they are no longer forced to sell everything and start to speculate for a new price.

>>16096251
isnt the amount of mined ltc constant no matter how many miners there are, they will still all be sold

>>16096258
The ammount is constant , but if miners are making an income as it's happening on btc they will speculate and wait to sell at higher price.

If they are losing money they will be forced to sell.

>they will still all be sold

Not necessary in the case of btc as a miner making 170 usd per month mining you can pay your electric costs and still speculate with those 170 usd in btc.
While in ltc they will be forced to sell due to making 0 income.

>>16096257
Okay but I used to mine with a few l3++s and just stopped mining when it wasn't worth it. I also sold my miners and kept my LTC and sold them at 155 each. What is stopping the miners from doing this?

>>16096273
>What is stopping the miners from doing this?

Nothing , they are forced to do it as you were , so the price will hit an extreme bottom where the miners with the cheapest costs are now proffitable again.

Then it becomes a great buy since it can only go up from there.

>>16096282
But I kept the LTC.

>>16096301
Lemme specify, I kept the LTC and then sold for profit.

>>16096224
Retarded newfag

>>16096301
>>16096307
And this is why the price collapsed , everyone did and stoped mining.

We are about to see in the following 50 days the new base price for ltc for the next 2 years golden bullrun.

>>16096317
So i buy in fifty days and then have to wait two years? Link will go to 5$ before then.

>>16096316
Haha, what a funny guy you are!
No.

>>16096149
> Low effort anorganic fud
Time to accumulate boys

>>16096132
how many of them are merged mining?

>>16096382
No idea but good question tough.

>>16096282
how many LTC to get between her teeth?

>>16096132
Why $30?

>>16096712
you can see the doge and via hashrates are going down with ltc

>>16096132
>until 7nm asics
isn't ltc scrypt pow?

>>16096741
Probably more than we ever could

>>16096744
Because we are at 58 and the best asic for scrypt is losing more than 1 usd per day , they are still in the negative.

All you need is one btc drop and ltc will go to 30 fast.

>>16096754
Very interesting chart , it seems all scrypt miners are capitulating hard now give it one more month and all scrypt coins will hit their base price.

>>16096769
Yes but contrary to bitcoin miners their asics are still around 14nm , which means they can innovate more with cheaper asics that use less energy.

But since they are nowhere close to be release the fact that the hashrate is collapsing shows that ltc miners are in heavy capitulation.

One more month and i am going all in.

>>16096806
i completely missed the fact that scrypt now is mined with asics. since it's fucking memory and thread intensive the asics must be overly costly for it and not really outperform gpus. at least that was the theory.

>>16096830
All scrypt asics are capitulating now , one last dump and it will be ready to take off in next year btc bullrun.

litecoin is a shitcoin. being the silver of btc is a meme

>>16096316
Retarded newfag

>>16096132
Everyone knows EOS is the gold to BTC is the silver now ok?

>>16096224
> establish pattern based on a single example

>>16096960
same patern in dogecoin multiple times.
Is a pump and dump game.
Be in or be out.

>>16097578
I bet you think you're smart when you write shit like that

where can I buy this shitcoin?

>>16097601
Not. I dont think I am smart bro,
im just sharing an opinion about a pattern that seems to be occuring again and again not just in ltc, but also in doge, eth, xmr...
Its how whales accumulate more btc, and everyone knows this. I dont need your aproval or denial, I just share my shit and as I said before, be in or be out.

Take care dude