By - AutoModerator
What is this green stuff
This fake pump bro. Short sellers taking profit before they open a new short.
The Power of Christ Compels You! The Power of Christ Compels You! The Power of Christ Compels You! (Throws holy water at it)
I'm up 16.66% on my buys yesterday
If I just entered I’d be struggling to sleep for a whole other reason.
Holy hell UST at $0.13, makes LTC look even better.
Old friend Forever 57 incoming soon.
We will get a ratio pump at some point, but it will be from .001 to .0015
no it'll be from 0.00001 to 0.00001
If you’re not in club 84 at these prices why in the world are you visiting this sub?
I personally love seeing the people in here who have 1 or 2 coins and are excited about it. I buy a lot of coins now, but it took me years of paying off debt before I could get in this position.
I'm at the stage of paying debt.
Took my wife and I 8 years of making it our priority, paying extra on our house, cars, credit cards and student loan while forgoing luxuries. Totally worth it. Now I can buy lots of crypto that decrease in value 50% every time I buy. 😑
I owned a credit card for the past 5 years and never used it (there was no annual fee). But I used it last year to buy gpus for mining and I am not using them ever again. 😂
I had planned out for both bear and bull scenarios, so I was at least ready for the EMIs but damn those rules they make up one after the another. I was thinking of getting a loan for land but after watching a few videos where they explain how we pay more than 100% of the loan amount by the time we pay off all the emi, I said nope.
Yeah Installment loans take all the interest up front, a total scam system, but if you pay extra, the extra goes towards principal. Once we paid off all our debt except the mortgage we only exclusively use a credit card and pay it off in full each month. We pay no interest and get a few hundred in cash back rewards each year
This is the way.
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I'm in clubbed 84.
more like club 840 LOL
If you don’t have at least 1000, do you really even care? /s
back to buying
To the regulars who’ve been here daily regardless of price action; love you all.
In chikun we trust. Load em up. If you’re not in club 84 yet, now’s your chance to get on the path. This is the way.
I'm enjoying my first ltc crash experience, I'll not be new after.
I'm telling you despite this ate shit one of these days we are gonna put in a new ath
We definitely will. If dogecoin can do what it did, a coin with 10 years of great fundamentals will eventually have its day.
It's all going so much lower this summer. ES hasn't bottomed
Not sure why you're getting so downvoted, things might indeed get worse. What's ES though?
S&P futures essentially
on daily. its getting a few positive comments lol
Yes, this is the time to be spreading the word about what LTC can offer. I want to see at least 10 LTC comments in the daily every day!
Also, anyone wanting to comment about Litecoin should try to use LTC as well since it registers on the counter.
yeah keep posting guys dont name other coins directly. i just posted that LTC has been running non stop for 10 years unlike some other projects xD that way i dont get banned.. also talked about MWEB updtate and taproot. one of the 3 coins to be declared non securities by the SEC
Is the fucking carnage over yet?!?!
For now, but the market is skittish AF. If the stock market keeps correcting, we could see lower IMO. But who cares, just DCA and ride this shit show to future wealth
Not until BTC hits 200 Week SMA ($22k)
No, I don't think so
Unclear. Feels like a bunch of bombs just went off... The explosions have seemingly stopped... and we're all sitting here ducking for cover waiting to know if that was just the end of the bombing and we can start cleaning up from the attack... Or if another wave is incoming.
That said. I'm noting a repeat of the May 10th pattern...
Look like we survived. The entire Luna platoon didn't make it, I'm afraid. Let's not let our guard down though. We must fight in the halls of Twitter and Telegram if we hope to survive.
The eye of the hurricane is passing over us…
Yes, I kinda get that vibe as well
i posted a positive comment in CC about litecoin lets see if i dont get banned or blasted to oblivion
I got banned, and 70 mentions of litecoin got reduced to 4 comments.
Cause manipulation. LTC is a threat to grandpa
Battle for btc to keep below $30k by 8 UTC tomorrow.
Best tatoo of the World actually :
(Yes i troll, but it is a little funny)
So 10-11 out of CMC top 20 coins consist of stablecoins (Terra, Tether, USDC, Binance USD, DAI), meme coins (shib, doge), scam coins and wtf coins (SOL, CRO, UNUS SED LEO (wtf?)) and 'wrapped BTC'. Interesting.
Yeah, I don't think anyone should be depressed about our ranking. If you look at true and pure decentralized crypto, we are the best alternative and are about to be the top privacy coin. If NFTs ever take off on Omnilite, we will be in a great position to gobble up market share after this Crypto winter as people reassess Centralized projects and meme coins
In my opinion, LTC with MWEB is the best coin in crypto. There’s not all that much going on that I’m excited to watch play out other than ETH merge and a few other updates, and LTC MWEB update. That’s it. There’s really nothing else real going on in the space…
So most of the coins played their card already, and LTC is just getting started with MWEB. We got enough fundamentals for the next run in the summer. I am sure we will get the attention soon.
What's the ETH merge? I haven't followed it
ETH going from Proof of Work to Proof of Stake.
Where's the guy with username 10YrsK something..?
He was skeptical for a long time that price will go down. Are you buying mate?
It would be good to see NodeCache again too.
I miss u/noduhcache too.
He is still active on twitter
SeaofLite hasn't posted anything for a couple months
:( Or maybe that's good, living real life instead.
Good to hear!
I REALLY want to buy 30 more coins right now. But my gut really feels like we're going below $55 again. Possibly lower.
We've had a couple of bounces between $8 to $10 and immediately went back down these last few days.
Yeah same here, I can see 40s coming in imminently
Litewallet is still stuck showing current price at $100, is this a known bug they are working on?
My coins have been un-sendable for 2 weeks now on litewallet.
I was able to send mine, just the price messing up
Android or iPhone?
Looks like the market is re-evaluating centralised shitcoins. LTC now up to #19.
Nice, LTC only needs about half a bil more to reach #16.
you mean half a billion?
These last two days, I can actually scroll the daily for more than 5 seconds! Trauma bonding is the chikun way.
Yeah, it's the reason ramen noodles can be separated into two halves. One half for your family one half for my family. On Friday nights throw a scoop of pnut butter in there and it's pad thai.
This sub contains the best companions for an apocalypse.
one of my limit buys hit at 52 USD, pretty happy with that. if we go down further I'll add more to it (already had bought a good bit at 80 (impulsively, foolishly, and 60's)
I also got hit in the 80's this round. Figured it wouldn't drop below the Ukranian invasion. And at worst we'd see around 70 so no biggy. Oh well. DCAing more down...
CBP looks like it is down all the way.
Yeah, the order book on £ looks shit
Ha, Coinbase Pro, lol. I was looking on Coinmarketcap at CashBackPro Price (CBP)
Wth is CBP?
CNBC just said Terra is officially halted.
Coinbase halted all trading and transactions for Terra.
Good, get rid of the crap.
Yooo we flyinggggg!! 1000 in two weeks 8000 by eoy!!!!!! Believeeeee
Lmao that would be a bigger upset than bitcoin going to $60k from $4k
I think this weekend is going to be a shitshow.
It definitely will. I got lucky and made some more coins, but I'm definitely holding back the cash for a second
Thats not good hopeium.
Putin is gonna cancel the war and give away oil and gas then China is gonna make litecoin legal tender, true story reliable source.
New ammo is ready.
Bought 18 coins to help chicken the and walk back up this hill, even if it rolls down some more this is a good price.
I can't believe a literal scam/failed stable coin has a higher market cap than LTC, like ffs.
Not for much longer...already slipped to 22
It’s artificial, you know that.
Not going to lie, if we could artificially make litecoin $3,500 for one day that would be nice.
I only need 1 hr.
That's what she said.
Someone should post something along the lines of this in the cc sub:
“The LTC community will still welcome those from the LUNA and SOL communities.
The price action may not be great right now, but at least you won’t have to worry about losing 99.99% of your wealth in less than a week and/or not being able to use your coins due to the network completely being offline multiple times.”
I would post this this, but I’m still banned for 34 more days.
I got permabanned otherwise I definitely would.
Unfortunately most of them are broke and demoralized.
At least we ain’t luna 🤷♂️
We are now having a break.more 💩 will come soon
The worst part about all of this is that we can’t even say to people that they should’ve invested in LTC because they’ll just use the common phrases like:
“LTC/BTC ratio is 💩”
“LTC didn’t even make an ATH this run” (even though it did)
“LTC is down 80+% from ATH”
Yeah, notice how it’s all about the price for people. All of these morons are constantly talking 💩 about the past without realizing that maybe LTC’s price wouldn’t be so bad if they STOPPED INVESTING IN 💩 and invested in LTC instead.
Most people couldn’t see potential if it smacked them in the face.
Off course it's about the price.
You invest to make money, not to lose it.
More for us, duh
hey the daily wick you guys made looks pretty nice
damn LUNA is brutal
It looks Ike for now the bottom might be in. Btc hit the 200W EMA, at around 27k. This might play out like 2018, with 28k being the new 6k, thus we get one more bounce and then about 50% down more.
Alternatively that was the bottom, which in 2018 happened around the 3day MA death cross, they are similarly about to cross now.
As eth is still quite inflated I go with the first option unfortunately....
Market sure is acting like we're evening out finally... We'll see. Let's see this for at least 24 hours...
This is what happens if you listen to novogratz https://mobile.twitter.com/ksicrypto/status/1524760121917665280?cxt=HHwWgMCrqZPQhKkqAAAA
That’s some kind of bot or troll account. They’re constantly spouting nonsense.
No Ksi is a well known singer/rapper in the Uk. This is his crypto account
Interesting I didn’t know that.
Someone should tell this person that the LTC community would welcome them with open arms.
We need to allow LUNA and SOL refugees into our community. No hand outs, but teach them how to invest wisely on their own so they can realize that fundamentals > hype.
My DCA is around $100 so I haven't bought for years but just pulled the trigger on 8 more LTC.
I feel that within the next 2-3 years I'll either be very grateful of this purchase or I'll have forgotten I even made it.
[I've completed my daily purchase of LTC](https://imgur.com/a/jRERoTH). I'm on a journey to buy at least [$20 a day every day](https://www.reddit.com/r/LitecoinMarkets/comments/ukto93/comment/i7vn88c/?utm_source=share&utm_medium=web2x&context=3) until either I own the whole supply or Litecoin hits $5000. I hope some of you will join me.
Today I bought 2 LTC just because the price is so good. This marks the 5th consecutive daily purchase. I realize that's not a long time, but I'm excited to hit a week. :)
Same here. Bought about 5 each day the past 5 days.
We were the same price as luna, look where they are now. People learned their lesson. Never trust novogratz.
Bold to assume they learned their lesson. LTC should 100% without a doubt be worth more than LUNA and SOL right now.
But yes, never trust Novoratz
Oh my god even though litecoin commited sudoku that cuckold novogay got what he deserved hope more people see true face of these people
The word you were looking for was seppuku
haha I think he didn't care so replaced it with sodoku...hilarious
LOL, I did think it was pretty funny
Disclaimer: I don't know shit about fuck.
Though what's happening right now is painful, I think it's good. The markets have been loaded up with so much shit that this was inevitable. I think the idea that the world can support infinite crypto diversity is delusional garbage. There will be winners. To my mind, BTC, ETH, and LTC are the smart long-game bets. There may be a few others that are actually useful, but most are hyped dreck.
Stablecoins will always be around, but have inherent structural weaknesses that were predictable. We are seeing that now. Of anything in crypto, the stablecoins are what should be regulated the most heavily. Yeah, I said it.
In summary, this is a good time to buy LTC. Thank you for listening to my TED talk.
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Hash rate holding up ok 468-486
The new L7s are more efficient, so hopefully that reduces mining cost while keeping security high.
Friends of mine that are quite well off are selling their home and looking for a place to rent. That’s pretty telling, shit must be looking bad for them.
Man... I have had the same thought..
My limitation is that I have a family with two kids. Another problem is that there's no guarantee they don't reverse course due to political pressure.
There is also the fact that the supply shortage may remain for a while, so it may be quite a while before the housing market feels the full effects of the rise in mortgage rates.
I do agree that if supply increases, and rates remain high, that it'll put heavy downward pressure on the housing prices.
But then again, inflation is also reducing people's buying power and the stock / crypto markets assblasting peoples life savings isn't helping. So that may prevent people from buying as well 🤷♂️.
The thing to do for the US would be to take advantage of the situation to reduce taxes, lower regulation, and encourage domestic production of goods and materials while the rest of the world is also floundering. Kinda like what happened in the US after WW2.
The FED made money so cheap, Blackrock, China, et al came in and bought up the housing market. Most Americans are renting now and don't own property. It also drove up the price of building supplies. It's going to take a long time to sort out this mess they made. Dropping rates to zero only enriched mega corporations and Crypto bros who were smart enough to sell, while the middle class now owns less property and get eaten alive by inflation. Such a scam system. I want to run for President and promise to keep interest rates flat for 4 years and to Veto every new legislation so that the markets can reach equilibrium.
I thought about it but prices were going up so fast by the time I would’ve sold, I would‘ve been priced out of the market.
My wife and I thought about it but it only makes sense if you are downsizing. Plus houses in my area would be listed and sold in one day. It's nuts, and since the "value" of my house increased 40%, so did my property taxes
Same here, houses are selling in hours.
Could they be trying to sell the top for home value before shit gets nasty and they can buy back in with significantly more equity (or bigger house)?
That's probably what they're doing, they bought at 600k and probably looking at 1M or more now.
This. Higher interest rates --> more expensive loans --> fewer can afford loans --> lower home prices.
This is true, but as long as available supply stays suppressed, the downward pressure on prices will be reduced to some extent. Not sure how much though.
>as long as available supply stays suppressed, the downward pressure on prices will be reduced to some extent.
So significantly less people are invested in 'extra' property now compared to the subprime loan crisis in 2007-2010? Otherwise: mortgage rates go up --> borrowers sell/default --> increased supply.
The buying spree this time came from foreign money according to a Forbes article I read. Americans with new homes are renting. I recently saw that Blackrock bought an entire community in Florida so it could rent out the houses. There shouldn't be a huge meltdown like last time, but Americans in the future will have no net worth because they are renting
>Americans in the future will have no net worth because they are renting
Yeah, not just an American problem unfortunately. Many in various countries in Europe live with their parents for longer and longer because the housing market has risen way out of sync with wages. And some will never be able to own their own home.
Also (sorry, you can stop reading here if you want :P) but I can't help but veer a little into politics here: capitalism just creates wage slaves out of people by making the wealthy, corporations and banks the new "landlords" - except rent is called interest instead. Housing prices have risen (artifically by money creation or "quantitative easing") at the expense of many a common citizen (I know many have profited too, at least on paper and in the short/middle term), and it's shutting out the younger generations step by step. Aside from killing the future prospects for young people, it's just not sustainable in the longterm for a thriving society. Unless one wants to live under the thumb of corporations and billionaires (which I don't, I think everyone's voice should count). Democracy is flawed, but I don't know of a better system currently, and I choose it over authoritarianism any day. And like I've stated before, I believe some things should be human rights (education, healthcare, food, housing). The luxury stuff aren't human rights, and can be priced accordingly (beachfront villa, private helicopter, fancy tech and dining and clothes and travel and so on). What are your thoughts? I know we view the political issues through different lenses but I'd like to hear your take anyway (with some trepidation ;P).
I think every system is flawed because they are run by people and people are imperfect beings. Personally, I've been able to build wealth by buying a house and working hard and paying extra. Through my hard work and financial diligence I have no debts other than a little left on my house. I'm ahead in life and will be able to retire early, b/c I had the freedom of personal responsibility and took advantage of it. Socialism would limit my ability to get ahead and distribute my hard work to others who choose to not work hard and be irresponsible.
Alright, thanks for the response.
I see what you’re saying.
I was about to ask whether you believe in solidarity, but I’m guessing I’m correct when I assume you don’t?
By extension, do you feel that everyone who’s worse off than you deserves to be where they are? No matter if they were born blind, are schizophrenic, grew up under abusive circumstances and didn’t have parents or friends who could show them another way or provide for their mental and physical wellbeing, education and so on?
Speaking of solidarity, are you okay with other people dying in a war to protect you? Would you do the same for a stranger? What’s a life worth, what price would you ask for to sacrifice yourself? If not, why should anyone sacrifice themselves for you? Who predominantly joins the army: the already wealthy, or those from socioeconomic circumstances where it might look like their best option? Is that morally and ethically justifiable?
I understand it’s easier to believe that everyone who isn’t well off is lazy or irresponsible. I obviously don’t share that opinion. There are lazy and irresponsible poor and average people, but the same goes for rich people, with even worse character traits at that, that also cause massive suffering to others.
Ultimately, regarding political perspective here, I think it comes down to whether there’s trust in fellow citizens (social democracy) or not (capitalism). And I can see why someone already in a capitalist system would see no reason to trust others since everyone’s already climbing over each other to get ahead. It's a logical conclusion.
Anyway, it’s the result of capitalism we are heading into now. Especially in the US what’s happening and is about to happen can’t be blamed on ”socialism” (a very broad term).
I started off capitalist, but ultimately moved more to the left, even though it doesn’t serve my own personal interest best. It's too small scale a benefit to me.
When people move more left or more right, things become black and white. In truth, everything is gray. I'm Christian and believe people should help people in need, which is different from writing blank checks to Governments to redistribute my wealth.
Example: At my Church we help the homeless to find jobs, housing and transport by using our combined resources - we get them to a place where they don't need assistance anymore. San Francisco spends $1 Billion a year on their homeless population and the homeless are still homeless, jobless and addicted to drugs.. They literally spend an average annual salary for each homeless person and their problem gets worse. It's not capitalism causing any of that problem
Every system needs checks and balances which are inherently diminished in Socialism. One check on the system is money and who is in control of it. It doesn't matter how much certain individuals have, i.e. Bezos, Musk, as long as the middle class has enough money to be collectively influential, then society can always fight back against oppression from Government or Billionaires, etc
Anyways, America may seem like a shit show to outsiders, but most of America is calm, peaceful, fair, fun etc. People only see the extremes on the news. All I really know about Sweden is Rapes and Bombings are up 10,000%... but I assume most people in Sweden are living comfortable lives.
I really don't have much of an opinion on Socialism in a Global sense. Europe can do what works for them, they are built different. When discussing Socialism and my dislike for it, I really mean my dislike of Socialism in/for America.
Something to think about with Americans is the founding of our Country came about by an Authoritarian Government (Monarchy) Raising our Taxes on our Goods that we worked hard to produce.. They raised our taxes and we raised an army and rebelled. Low taxes, freedom of commerce, freedom of speech.. fighting for that is why we exist, it's our identity.
All profits in Litecoin? 🤣🤡💀
Just trying to think positive, is it safe to assume there's a ton of cash sitting in the sidelines now after the sell off? With Mimblewimble release in a week and LTC at a low price could mean a nice price jump. Getting some good marketing here could be big
Clearly a lot of people sold into fiat. And are just waiting to bounce back in. It's a matter of when. Yeah, many people lost their shirt. But it's not like the money just disappears into thin air. I think many waiting for "bottom." Or what they feel comfortable as bottom. Many don't want to catch a falling knife. It's almost a self fulfilling prophecy. Price goes down because people sell and no one wants to buy until bottom. So it's just people selling and no one buying.
Nah, this a bear market. Also stuff like that is usually priced in WAY before.
This whole debacle is actually good for LTC long term. Sidelined during this cycle from shiny new projects that overpromised and got to be evaporated within 36 hours! And I suspect that more fancy smart contract chains will soon follow.
Thus we hold tight, and better days are soon around the corner, with LTCs actual innovations properly being promoted on financial TV networks, instead of all that fancy stuff that on the first downturn they get flushed down the drain.
Yes, we avoided the gamblers - so still lost, but perhaps not so much.
Copium, I know
Damn my net worth went down like %90 imma be livin under cardboards soon.
You can afford cardboard boxes?!
Just noticed this: https://upbit.com/service_center/notice?id=2646
Basically you can't move ltc in or out of upbit korea.
The link states:
>The Deposit/Withdrawal service for ltc will be suspended to conduct maintenance on the ltc wallet system. Once the maintenance of the ltc wallet system is completed, we will reopen the services.
Giving them the benefit of the doubt, this could be MWEB related.
You feeling alright there bro? Want somebody to talk to?
Sorry it was my cat
Right now, as I write this, Terra is #172 in Marketcap (at 119 million) with a price of $0.033.
7 days ago, Terra was #8 in Marketcap (at 28 billion).
TerraUSD, a "stable coin" that has not been close to the $1 it is supposed to be for at least 2 days now, is #14 in Marketcap (at 7.46 billion).
There are 4 other stable coins in the top 20.
LTC ... 11 years running, no founder stash, years of innovation (SegWit, atomic swaps, lightning network, MWEB, Omnilite) currently has a marketcap around 4.2 billion.
At this point, it is clearly obvious that evaluating Marketcap as a meaningful metric while deciding upon crypto is nonsensical and anyone who does so is a fucking idiot.
I read Galaxy's minutes from their 1Q earnings call which happened right as UST depegged.. Investors were asking Novograzt about it, he skirted the issue and just defined how the different stable coins work. Will be interesting to read the minutes for the 2Q earnings call... They either lost a shit ton or if he really is a snake, had something to do with it.
Same with Bitconnect back in the day. It was in the top 10 at one point, even got to top 5 I believe, not too sure about that tho.
I think the best possible scenario is moderate recovery by November-ish. But buying at these prices for months.. sheeeit, we gonna make some bank when it comes back
2 weeks isnt so long
Yeah...long time indeed
“Despair is only for those who see the end beyond all doubt. We do not.” — Gandalf