Not sure bitcoin will follow LTC a lot of people were speculating that LTC would take off but if really didn't do much. No innovation, no merge mining and not really a lot of market acceptance. BTC on the other hand has had quite a few major retailers start accepting it since then!
I don't really pay any attention to digital currencies but do you think people got on board with LTC initially because it was suggested Mt Gox was going to give it attention? After that was completely ruled out for obvious reasons it didn't really have anywhere to go but down unless I'm missing something? It's not supported by anyone of note, just seems like a vehicle to trade ratios and now it looks to be done?
Could be....Also at the time of the run up there wasn't that many semi stable coins that transferred quickly so I think a lot of people used it for arbitrage between exchanges now there is so many ALTs that transfer very quickly and have a bit of volume on them (making them stable enough to buy, send, and exchange) so just my opinion but litecoin has lost a lot of its useability.
ltc is still miles ahead at the number 2 spot for market capitalisation of all the alt coins. many chinese exchanges still trade only ltc and btc. i see the latest drop as new asic miners dump to pay for their expensive hardware. did everyone miss the ltc crash last month? http://www.ibtimes.co.uk/litecoin-whale-dumps-300000-coins-causing-price-crash-1455130
Already recovering on BTC-e to a par with other exchanges - over 7000 BTC were dumped in a matter of minutes. A whole bunch of people with aspirational buy orders would have just made 25% paper profits on their newly acquired bitcoin.
Take a look at the number of alts on bitcoinwisdom with double digit negative losses for the last 30 days - or now, even 7 days. There's usually only 3 or 4 that at any one time have net growth over 30 days. DRK which was the darling of the traders is now down to 300K satoshi, when only a few months ago it was trading for a few million satoshi. Holding alts for a long period is just a new way to pour money down the internet.
sooo how did everyone make out with the cheap coins? thanks to goldpelican for the darkcoin tip, almost a full recovery
https://bitcoinwisdom.com/markets/btce/btceur Under the setting tab, go to chart range and set it to MAX
