Bitcoin Forum

What would be the value of Litecoin by the end of the year.

What do you think?

I think it will be about $1-2.

I think it will be about 2$, but it could easily be more. I think it depends on how fast those SHA256 ASICs get shipped now and how many people still mining with GPU will switch to Litecoin.

I agree that it will be much higher and a good investment.  I was thinking .50 to $1.

It is  ot just speculation, it has practical uses already.

For instance, at current BTC, it is hazardous to open a site that operates on BTC without lots of testing to se where the road wrecks are.  But if you alpha and Beta with Litecoin, when you wreck it is not nearly the disaster it is as when using BTC.

:-)

It will have some muscle soon.

It will surely explode. The proof? I've just installed Litecoin-Qt. ;D (I'm peeved with BTC-e telling me I can't withdraw/pay out my LTC.)

I think it will gain some value when everyone with an ASIC figures out they can't use it on Litecoin. GPU miners will move over when that fact is realized too. I might try to mine Litecoin on my MK802 IIIS. Not sure if it is possible, but I'm gunna figure it out. I set my Litecoin target at $1.50 by the end of the year.

The past (price) of Bitcoin might point some light on the future of litecoin.

I'm guessing it will stay around 0,007 BTC.

Well the past data, but only the post-crash data. Any data before it isn't really relevant as I don't think Litecoin will fall to the value of one hundredth of a penny. If it did I'd dump $100 into it.

I have been following litecoin since june 2012 roughly. I've seen slow growth until the new year pretty much. Right now a few things are happening that I feel are affecting the ltc price.

BTC is seeing an influx of Hashing power and GPU miners are getting pushed out the door pretty much. Some are selling their gear and some are switching to alt-coins. LTC and TerraCoin seem to be the alt-coins of choice. TerraCoin is sha-256 and allows miners to switch from BTC without a config learning curve. LTC is about 10-20% more profitable to mine right now than TerraCoin (because LTC is increasing in value much faster).

This is causing a rise in the difficulty SIGNIFICANTLY which I believe causes a rise in the value of a related portion. Harder to generate coins = coins worth more.

We are seeing an influx of users because of not only new miners but also speculators and new fanbois who are seeing its value skyrocket.

Lastly, I cannot prove this and it may be coincidence but I feel the LTC/BTC rate is staying fairly steady even though BTC is seeing EXPONENTIAL growth. LTC is perhaps being pulled through the same growth pattern by big brother BTC?

Well you can never really prove the value of a currency because value is a speculative term. But the idea of difficulty proportionally affecting value is a proposition that stands firm. We see it with Bitcoin right now, as it is preadjusting to the ASIC market before it comes out. The idea of difficulty proportionally affecting value is mainly relevant to those with CPU and GPU mining with Bitcoin right now. Both are soon to become unprofitable, and because of the fact that these people can no longer mine for profit, they believe the value of their Bitcoin should raise. You cut the supply, or in this case, the ease of supply, and the demand theoretically gets larger. Economics is a very fun thing. Litecoin also has seen a LARGE difficulty increase with many members, including me, switching our CPUs and GPUs over to the alt coin. I think it is an unrealistic assumption to correlate the LTC value with the BTC value. Those shouldnt proportionally fluctuate.

Ill say between 1.75 and 2.25, which is why I got some on today just in case ; pp

Don't invest "in case" of an increase. That is a purely speculative viewpoint. Invest because you believe in the future of the currency. Invest because its something you like. Dont ever place money in something "in case" it might increase in value. Something like that "just might" decrease in value too. Invest regardless of a price decrease. If your position's value decreases, buy more so you can further your gains when the currency becomes more expensive.

But you never know. Litecoin is valued at around 0,25$ right now. For bitcoin it took about six months to go from that to 32$/BTC.

When the complexity of Bitcoin mining will get too high, the community will start mining LTC/TRC instead

agreed.

i think all alt coins will profit from the difficulty increase

Not necessarily. This argument about how all Alt Coins are directly related to the value of Bitcoin shouldnt be acceptable. Alt Coins values will truly raise when people realize that the currency they are using isnt Bitcoin, and should act on its own.

I'm estimating about $2

more than a little & less than a lot

Something in between  8)

You mean $20?  ;)