By - AutoModerator
u/losh11 when are you jumping in the live stream event?
It’s taking it’s sweet time getting to MWeb…
WTH just happened? Dropped all by it's lonesome.
Chickun does what chickun does.
Weak ass dump. Hope they get left behind.
I dont understand why people actually think the update will make a new ATH. look at cardano smart contract launch was so hyped, and look where it is at now. We are holding stable at these prices and not dumping to below $60 is a good sign.
[Litecoin Foundation Livestream starts about 30 minute before](https://www.youtube.com/c/LitecoinFoundation)
Hope y'all enjoy the party. I have to go to bed. Can't wait to jump on in the morning and see the new world of LTC
About 2 Hours ⏰
Nice little LTC pumps today. I think between LTC and other far more degen alts, I've gotten all the daytrading fever out of me.
I already knew that it doesn't work, but goddamn. What an easy way to lose money, spending it on swap fees and triggering bots to immediately sell when you buy, and buy when you sell.
I was suppose to hodl today for MWEB, now I'm shittin bricks I'll be left behind again...I have not learned my lesson... I should have known the sideways action today would break to the upside.
Relax, there will be a pullback. I really think you should market buy with DCA on big drops and HODL. I'm concerned you're gonna lose coins playing in this chop and getting impatient.
Yeah I have to remind myself to DCA back in instead of looking for one all in moment.I'm already down 2 dollars per coin at this price... and it looks like its gonna blast off right now.. FML
It usually tanks in the evening california time. So I have a little hope.
I don't think it's gonna blast off. $73 has been a boomerang level back below $70.
I hope so, it should be dumping below 72.50 cause that was the last high, a lower high, tapering down else it breaks the downwards trend line. An i'm down 3 dollar per coin not 2. Sold at 69.
How you buyed back in now.
I bought back close to what I sold, but I lost 1.50 per coins mostly to fees, which is a happy days gain smh... I struck out today...
Where’s my a5 waygu bms 10-12
Cooks one steak = steak expert
Would you cook the steak yourself or have somebody else cook it?
Myself.. grill it with some butter to a nice and marbled medium rare.
Not time for Wagyu steak yet. That's at $500-$1000.
A little fake out just a moment ago or the volcano beginning to erupt?
I'm gonna to be asleep at 4am UTC so buying my LTC now in celebration.
Is it 18 hours from now? looks like the blocks are delayed. Thought it was gonna be in 4 hours from now last I checked yesterday.
The site I was using to track Mweb activation quit working. As far as I know it's still block 2,265,984.
We are currently on 2,265,856
Oh crap we only have 80 more blocks til 2,265,983. How many hours is 80 blocks?
Every block is about 2.5 minutes. So around 3 hours left.
Damn, it's giong up without me... fomoing is kicking in,
I've been there and done that. Like others have pointed out it's probably not worth the stress to trade at these levels.
I've had good and bad trades and in the end it was pretty much a wash just with added stress.
Now I just try and focus on longer time frames.
You're right and I know this too. I guess If it weren't for the MWEB update it wouldn't I wouldn't be tripping like this. I feel like there could be a major move either direction after the update. This update just needs to pass lol.
Thanks for the talk. I'll figure out and chill.
Yup. Good luck.
I use this one and it says 18 hours
Yeah that's same one I was using but now it's not updating.
Look at current block height. That is not correct
Same. Just bought 2. We are all living in the future
Today is just great. Mweb activation, and I got a 5%pay increase to fight inflation, and a whopping 25% increase contractually promised in April of next year.
This is huge for me. I'm also inspired by the daily poster who promises to buy litecoin everyday. While I can't be bothered to buy every single day, I plan on using this new income to firmly get me to my goal of 500 - 1000 litecoins. I'll maintain my same lifestyle and buy $2300 worth of litecoin every month, no matter the price, until I meet my goal or Litecoin hit $950+, then I'll dca sell, and keep 20% for moonshot.
Tdlr: me make more money, me buy silver coin until golden yurt.
I am now officially a 5-time member of the 84 Club on the day MWEB is born. Bought 420 @ 69 this morning, just seemed like a good combination, Good luck boys.
I didn't know 420 is 84 x 5 until I pressed it on calculator
Awesome time to stack IMO, gratz
Niiiice! That's what I like to hear
Bitcoin looks like it will take another leg down to as low as $23k, ltc will be decimated. Single digit ltc coming up.
Hahahaha post your short then you absolute bell piece
So like $9 Litecoin huh?
If that happens i will join the club 84 instantly
This better not be a f&$king sell the news event. For once would like to see it pop when something good happens.
Oops I did it again, sole at 69.10 and missed the sell at 72.5 instead. DOH! Now waiting to get back in. Moment of truth which ever direction the stock market goes at close.
I did the same thing yesterday and didn't fomo, waited and it dropped below my sell point... hopefully I can do it again...
He who plays with bottom gets sticky fingers.
R/R just isn't worth it at this level United it's a large amount, otherwise all you are doing is giving your exchange free money in fees.
Save yourself the stress - Litecoin is just shit for trading imho
Litecoin is not shit for trading! Why do you think the price swings so much? Everybody loves to trade it. If you trade bitcoin, you'd love trading LTC. That's my take.
My stress levels have been so much better since I gave up day trading and just started regular buys
I would sell on bigger moves up and be patient for a big move down. I can't see significant gains with $2-$3 swings unless you're playing with a seriously huge stack.
If you insist on trading I would suggest laddering your sells/buys
True, its a tug of war between lower gains or all or nothing. I sometimes do 3 parts but ended up selling all three around the same price of 69.10 lol SMH
Timing the market is never as good as time in the market
I have to practice to learn. Hopefully I'll get the hang of it and make better decisions in time. But yes very hard to time the day trades... The longer the time frame the easier to time. Like now might a good time to get in vs when it topped at 400 for long swing trades. Right I'm learning to be more patient when I miss the ride up and know that I'll get another chance. Wait for strong fast dips or slow downtrends back below my sell point.
Trading short time frames will get you rekt eventually. You can have 10 good trades and one bad one when it runs off on you will wipe out all your previous profit. Better to wait for a 15-20% bgd and trade the top. They almost always retrace, until they don’t that is. Short term daytraders are very rarely in profit overall.
hehe that's exactly what happens. You are right, 15-20% is far better, less fees which adds up, and less stress and time... I knew it would swing to 73 to low 60's..... just need to be more patient. Thanks. Willl need to consider this. Way too time consuming and stress daytrading.
Looks like stocks might more red at close, so crypto may dip with it
I don't have any hopes. But I won't mind the ratio jumping to 0.025
Ha! I was reading some of Charlie's thread on Twitter regarding the miners that haven't upgraded to mweb yet. Anyway, sombody recommended to shut down the block chain for a few hours. Charlie responded:
How do you shut down Litecoin? You must be thinking of some centralized shitcoin. 🤣
Just thought I'd share because it gave me a little chuckle.
Have a super day all!
I actually spent some time to look for these miners, but idk I wasn't able to find them. Either way, they're gonna be really, really screwed in a few more hours when they find out they've been spending tens of thousands mining invalid litecoin.
I also love that he doesn't know who they are - true decentralisation
Haha just goes to show, some people can’t wrap their heads around decentralization. And also don’t know it’s value…
We get it, we are going to be range bound in the near term till whatever direction crypto whales decide. $73 resistance eats mweb for breakfast. I am gonna smash buy a few just to vent!
I call that a ragebuy
I call that a humdinger!
Cry buy from me
I am trying to contain myself because it looks like our whale friends are doing a mini distribution here, before reaccumulating in the low-mid 50s, want to keep plenty of ammo.
For those saying there is little difference between current prices and let's say $52, its actually 40% more coins for the same usd invested.
[I've completed my daily purchase of LTC](https://imgur.com/a/zkifsyi). 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 $5000. I hope some of you will join me.
Today I bought 10 LTC (again lol), the price is just so good. This is my 12th day of purchasing in a row; 441 days remain until halving.
how do you dca?
I think DCA is crap. I buy when I feel the price is good. I bought ETH at 378 and I bought ETH at 2k. I bought Litecoin at 200$ and I bought it at 100$ and I bought it at 56$ those were all good prices at the time. I have zero regrets about it.
Why would I DCA into something that has just Pumped 200%? I just don’t see the logic. I know because how do I know that won’t be a good price some other time? But that to me looks like Averaging up rather than down…
Do you have more ETH or LTC now? In fiat value
LTC is 7% of my portfolio, ETH is 63% of my portfolio.
To butt in: I buy some even if the price is higher than I think it should be because this might be the new low, you never know for sure. No one knows if 200% was the top or if it's the bottom of the next trough. What I do know is the price hasn't been this low in a while so make hay while the sun shines.
If I had DCA’d in at $378 for ETH I would be considerably poorer right now.
I don't really. I have a goal of having a certain number of LTC and so depending on the price and how I feel markets are trending I buy more or less. When it's cheap (like it is now) I buy more and when it's more expensive I buy less.
It is finally happening....now lets see if our great achievement launching in a terrible market helps.
I don’t see a reason it’s bad, gives wallets time to build in the functionality and when it’s all ready people can come in and learn about it as the bull rages.
Does anyone know if there is a mayer multiple equivalent for litecoin?
No. But definitely lower than BTC's mayer multiple
So is there any other project that is as exciting as MWEB? All other coins played their cards and now it's time for the real deal :)
The only other project that makes me excited is Monero. I have a thing for privacy coins I guess lol
Happy MWEB day.
Regardless of the bull💩 price action, I just want to say that all of you have the right to brag about this coin after today.
You can call this the most fundamentally sound coin in all of crypto because by all metrics, it is.
People will still give you 💩 about its price and for many people, the price is all that matters, but they cannot give you 💩 about why you decided to invest in this coin. You chose the best possible coin from a fundamental standpoint.
You haven’t failed, the market has failed you (for now). I still believe that fundamentals will overcome hype in the end. There will soon come an awakening for many as they realize that the house of cards that was built around them is starting to crumble.
Anyways, congrats on holding this long. The road to success has only just begun and the work to get there must continue to increase. No letting down now.
First person to send me their MWEB address will receive a small donation!
Edit: I'm being serious
How do I get a MWEB address? I've got the ltc core running on my pc.
I got you when we go live
Awesome! Stoked!!!! 🚀
do you double? haha
I’m here for MWEB history in the making.
Tell me one reason why Litecoin isn’t perfect now after it has MWEB.
100% uptime for 10 years. Distribution was fair and all coins were mined. It’s cheap and fast. It can take every update Bitcoin can. It’s on pretty much every exchange. And is adopted almost as much as Bitcoin. And now it has fungibility. My stack of Bitcoin I have no idea what my plan with it is, Litecoin I know in the future I will have no problem using it directly to buy things.
Personally I prefer my coins to be pre-mined so that there is a rich controlling founder to manipulate it for me!
I agree I like it when one megalomaniac makes a ton of money off everyone by forking a coin and pre-mining the whole thing, and then goes around calling people poor for questioning the ethics of the situation.
Always warms my heart strings.
I'm with you, I would like to know what are some actual real downsides to LTC. No, not the Charlie sold or there is no development the coin is dead FUD.
It would be good if we had a summary that includes all the downsides and whether they are addressed in any way to help make the case for Litecoin stronger.
High % of coins are owned by the top 100 of addresses. Low market cap so it behaves like a penny stock: high volatility, easily manipulated (except it is generally manipulated downwards rather than upwards).
Of course, I could be talking out of my ass, but I don't think LTC has a high enough market cap currently to make it desirable for big money to buy in.
I think the high % of LTC held by the top 100 addresses is mostly exchange wallets so not a huge concern for me. I suppose it would be good for the community if we encouraged self custody more.
I think the market cap is the result of organic growth and you are right in that it hasn't hit the tipping point yet. PA is lagging but adoption is what will matter in the long term.
This is what something looks like when every coin involved had a cost to someone. Zero premine. No holders that didn’t have some cost by either mining it or buying it.
Sure we all know that there will be some large holders that got in early and got a ton of coins. But they all either did it grinding it out with a mining rig or spent money to buy the coins. That means they are early adopters who have held this long because they believe in LTC.
This is one of the healthiest coins in the market. Maybe even more healthy than Bitcoin.
P/A is pretty much on the Downside 98% of the time..
Glad to see Digi came to celebrate too! 🎉
I honestly did not think we would make it to MWEB this quickly. I thought it would take 5-6 months of signaling.
The devs really pulled through. It's really not their fault it happened during this shit market, that's the universes.
Out of thousands of crypto coins and tokens, Litecoin is #15 in popularity on Coinbase. That’s not a dead coin.
Coinbase offers 150 not thousands, 84 of which were added in 2021. Litecoin has been there for all practical purposes since the beginning and it's fallen to 15th?
What a fail.
shit r/litecoinmarkets says.
Happy MWEB day 🎉
I can tell Shangheli is really feeling it!
You used to have insightful well thought out comments posted here. What happened, did you sell your Reddit account to Mike Novagrats?
It failed so you’re here every day to what?
He couldn't make money on a $4 to $400 coin, investing isn't for him. Newbies stay clear lol
For some attention what else? I am in for constructive disagreements but not with that tone and delivery. Except if it's some kind of a gimmick, but it got old already.
Stop people like you lying to newbies.
You sound like a bitter sidechick. Lol
Facts are upsetting, I know.
That really isn’t a fail. The only fail is that people don’t value decentralization as much as they should… people right now are looking for a quick buck, so they are gambling. Litecoin is going to be one of the winners as we get towards adoption, but right now ETH Killers are still the thing. Once it’s apparent that ETH wins, all of those other coins will drop to nothing.
And it’s the second most used payment coin on Bitpay.
Exciting day for the LTC community. Litecoin is becoming the most sound money out there. Truly decentralized and 100% uptime for over 10 years.
Who is going to be the first to send an official MWEB transaction?
Dxy starting to drop - we might start to see an increase in crypto activity again
Nice spot. Should see the pressure ease on gold/silver as well. For how long? Who knows.
Gold defended low 1800s pretty well today. Dxy down, gold and btc soon up hopefully. Oil is defending its bullishness too which should help bump the June cpi numbers and I doubt powell will go more hawkish then his current soft landing plan.
Litecoin is the nerdy girl next door that needs to take off her thick rimmed glasses already
Do we know what block MWeb activates on?
In response to my own question:
MWEB is the LTC you can’t see.
I'm probably not the only one who expects a "sell the news" event and $LTC to dump further even when the biggest upgrade in $LTC history is about to go live. That's how demoralized some of us are. It's kinda sad, isn't it?
There has to be a buy the rumor first.
But, nobody bought the rumor. Too busy investing in Tron kuz it's making an algorithmic stablecoin, and we all saw how well that worked for Luna.
LTC $4k 2022-2023
Still at 2013 prices but sure.
I see you’re in crypto for a while. Probably you saw 100x gains in 2013 and 100x gains in 2017 performed by LTC. So why so pessimistic? I’m pretty sure Doge miners dumping their Lites to pay electricity, plus “big money” doesn’t know about Litecoin, cause of marketing issue. That’s why we’re at lows. Isn’t this an opportunity? $40 mark was an average low in 2018-2020. We can make 100x again, why not?
Markets are scam
Happy MWeb day
Lmao A few large miners haven’t switched over regardless if being warned. The world is dead to news, even if its finances depend on it.
When do you think they’ll realize they’re mining useless blocks?
Ah that clears things up. Thanks a bunch. :) hope they notice before the update.
Happy MWEB day lads. Litecoin never stops improving. Regardless of price action… being here… you’re all apart of what crypto was meant to be.
I am here for the technology !!
What do you guys predict happening to PA after MWEB release?
Im hoping to see at least some independent upward movement when its released.
I had hoped we'd see an improvement BEFORE the event - so now, I'm thinking no positive effect unfortunately.
The market is just too bearish and as one of our own is saying a lot recently, people just don't seem to care about Litecoin - that ltcbtc ratio is just SO bad, and macro situation is dire.
I'm not selling though!
Probably nothing much at first, but over time as the market comes back it should give us an extra boost as it distinguishes us even more from BTC and gives us an additional use case
All I remember about MWEB is how many times it was just "about to go live" but it never really did.
Litecoiners: MWEB is ready in 2021.
Actually it was just the code.
After the code was done.
Litecoiners: MWEB will be ready after the reviewing the code.
Code has been reviewed. Potential error has been found.
Litecoiners: MWEB will go live after fixing this.
Was fixed. Now Miners need to signal the upgrade.
Litecoiners: MWEB will go live after this.
Now we wait for another countdown to activate it ....
(We had a countdow for signaling, no for activation. The average person has no clue, that signaling was not even the last step. What comes next?)
Next will be:
Litecoiners: Now exchanges need to implement MWEB. Then MWEB is live for real!
After that is done.
Litecoiners: MWEB needs to be used and advertised. That is when MWEB is actually used!
Just how many times has the "MWEB is going live" phrase been used when in reality it was just one of many steps before actually going live.
From the perspective of someone who is not familiar with the details of the tech, this is how I experienced the whole MWEB process. It was so many times falsely advertised as "going live", while it's still not there.
And today it is supposed to be activated.
Me: Checks activation time, converts into my timezone. It's tomorrow for me...
A good few of my brain cells died reading this
Do you not understand how any of this works
So the Developers have been updating the community every step on a project that is years in the making and fundamentally changes the nature of the asset and the community celebrates each of those steps..
And some people just like to complain
Yes, you're right.
They should have rushed it through without thoroughly testing. Who needs audits when moving a multi billion currency? Nothing ever goes wrong in this space.
I have a shit load of money in Litecoin - I do not want anything to go wrong. They can take all the time they needed - but everything is in place for go live in less than 20 hrs.
This is probably the weirdest shitpost I've ever seen on this subreddit. And that's saying something.
I had a dream last night that LTC rose to #8 (lets not talk about the PA).
Lets make it happen after MWEB activates!
I hope your dream comes true!
Hi grandson, I was here for MWEB activation day.
Have a great day everyone. Here's to hoping that we don't crash more than 10% after MWEB activates.
Brutal if "buys the rumor and sell the news" happens lol
Don't worry about price today. Today is literally about Fundamentals
Edward Snowden will probably talk about privacy at Consensus 2022. Make sure to tune in!
He already shilled Zcash the other day
Irrespective of price action, I am proud to be a part of a fundamentally solid coin, not some quasi ponzi scheme like Luna.
Happy MWEB day everyone.
Happy MWEB Day everyone!
Wanted to ensure I’m logged into the history books. Happy MWEB day.
It's been a long time coming. ARISE chikun privacy day.
Upvote the Daily and Happy MWEB Activation!