Why did Leyte's output drop sharply
lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central authority. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places
other cryptocurrencies are the same. As time goes on, the speed of encryption will slow down until the output is zero. Dog coin, Fuyuan coin and bitcoin are all like this.
the price of bitcoin is determined by supply and demand. The price of bitcoin is still very unstable, which means that the demand must follow this inflation level in order to keep the price stable. The big price change is e to its great volatility
the reaction of cryptocurrency to the Fed's interest rate increase shows that cryptocurrency is regarded as a safe haven investment against the background of the continuous dilution of the value of major legal currencies. That's why demand for bitcoin has risen in countries where fiat currencies have fallen, such as India and Venezuela
however, if the Federal Reserve continues to raise interest rates, the market demand for cryptocurrency may decrease. The reason is that when the Fed stops printing new money, there will be less new money flowing into assets such as real estate, stocks and cryptocurrency. As a result, investor demand for anti inflation assets will decline.
however, once it reaches the bottom of the market, it will start to warm up. Don't forget, last year was a big bull market after LTC / BTC fell below 1%
will LTC return to zero
I don't think so. I'm not saying that LTC will not fall any more. I'm just saying that if BTC has a bull market in the future, LTC will certainly have a bull market. The essence of LTC's current decline is that the niche coincides with BTC, which has no characteristics and application. The myth that scrypt algorithm can resist mining machine has been shattered
but what about other counterfeit coins
e to the strategy of fast halving, the computing power of dog coin is far from enough to compete with LTC. In theory, other algorithms such as X11 and x13, which are known to be able to resist mining machines, will be cracked sooner or later. In fact, coins such as mark and black, which are characterized by anonymity, are not very competitive. Anonymity is just a small demand, Can you imagine that money will be completely anonymous in the future? Anonymity is always just a small demand
I saw a "dark forest theory of cryptography currency" before, and I really forgot who put forward it in the circle. What I said was that under the premise of mining machinery, the currency of sha256 algorithm is easy to be killed by Avalon, so it doesn't grow very long; Now scrypt algorithm mining machine comes out, who is the master of this algorithm field? It can only be LTC. After a lot of currencies fall to a certain extent, they are in danger without the support of computing power. They speed up the capital flight, then speed up the escape of computing power, and enter the dead cycle. It's very difficult to get out and finally die slowly
dog coin is now in such a cycle. Coupled with the fact that it has been halved too fast, the escape of computing power is more obvious. Without computing power, the pow coin is a joke. The system is weak, and the big money can only go out, but the price has been falling, so can computing power. In addition, dog is just a fad culture, just like Jiangnan style, Who else is singing in the street now? Therefore, the prospect of dog coin is very bad. The dog coin is like this, and other scrypt coins are not worth mentioning. It seems that LTC dominates scrypt algorithm
BTC applications are colorful and LTC applications are scarce, which can't be compared. However, other currencies don't seem to have any applications either. All kinds of second-generation coins are too busy to worry about. Therefore, it's not a problem. When BTC rises sharply, it's expected that LTC will rise more than BTC
of course, I'm not encouraging you to buy the bottom. I haven't entered the LTC since 60
References: http://zl.yibite.com/point/2014/0814/13553.shtml
is the Wright coin dying? In fact, for many reasons, it is not reliable to say that Leyte currency is extinct or that it has lost its second place in virtual currency. There are also signs that the rumors are coming from other virtual currency supporters, not from the lettercoin community. There are still many advantages to lightcoin, which can make it the second largest virtual currency in the world. Now they need to focus on the miners
according to foreign media reports, on Monday, the price of bitcoin fell to $2526.4, with a maximum decline of 14.5%, which created the biggest decline since January 2015. A few days ago, the price of bitcoin just broke the $3000 mark, a new record, but then plummeted by more than 30%. As of the 16th of this week, the market value of bitcoin has evaporated $10 billion, almost equal to the market value of social software Twitter's $12 billion
the other reasons for the sharp decline include the sharp decline of US technology stocks and the poor outlook of investment banks on the special currency. Morgan Stanley said that "the virtual currency is like the currency of the wild west", which needs to be regulated before it can continue to rise. The previous price surge may be caused by speculation and not easy to sell
it is worth mentioning that bitcoin is not the only one that has plummeted. It is said that the prices of other digital currencies have also fallen considerably
there are risks in investment, so you need to be careful when entering strong>
in the face of such a large-scale disaster that is more serious than any other economic crisis in history, the most common means to help the workers and enterprises in trouble are the government issuing treasury bonds and the central bank printing money. The United States has issued three rounds of fiscal stimulus policies, the total stimulus scale is more than US $2.1 trillion, and the fourth round of US $484 billion stimulus is about to be launched. The four rounds of quantitative easing will reach US $2.6 trillion, accounting for about 12% of the US GDP in 19 years. This is an appalling figure, equivalent to 8.9% off everyone's wealth
in China, the amount of water released by the central bank is only 50% higher than that in the United States. The United States releases water, which is shared by people all over the world. As the RMB has not yet completed the mission of global currency, most of the water released by China is borne by the Chinese people. In other words, when the United States releases water, the Chinese people will bear part of it, and when China releases water, the Chinese people will bear most of it, so their wealth will be discounted. It is urgent to give up holding cash and find a safe investment channel and high-quality hedging assets
traditional hedging investment assets include treasury bonds, gold, funds, etc., but the financial crisis is fierce, and the traditional hedging assets are no longer enough to ensure that the property will not depreciate. Bitoffer analyst Lucian believes that bitcoin ETF fund may be the best hedge asset at this stage
first of all, bitcoin is known as "digital gold", and bitcoin exists in the decentralized blockchain, so it is almost impossible to lose (unless you forget the private key), which is more secure than gold hidden in the safe at home; Secondly, bitcoin is easy to carry and can be used for circulation payment, which is more and more widely than gold. On the one hand, it is the stored value function of digital gold; on the other hand, it is the payment and circulation function of money. What is more difficult is that the price of bitcoin is seriously undervalued and will continue to rise in the future. Therefore, bitcoin is a better hedge investment asset than gold
and bitcoin ETF fund is the best tool to enlarge bitcoin income. Why do you say that? Although the contract can also enlarge the income of bitcoin, but the contract is easy to burst, once the price volatility is large, the contract burst will make investors lose money. Bitcoin ETF funds are different. Through the dynamic position adjustment mechanism, ETF funds do not have the risk of bursting positions. Moreover, through the rising net value of the fund, they can continue to earn income from income. The earlier they buy, the bigger the income rolls, with the lowest income of 3 times and the highest income of 17 times
for example, if you buy a bitcoin for us $10000, you can double the spot price, while ETF funds don't worry about bursting their positions. The minimum profit is 3 times and the maximum profit is 17 times. That is to say, if bitcoin doubles, ETF funds can earn US $170000.
