Bitcoin Forum

LiteCoin is second to that of Bitcoin. But the gap in price is still fairly substantial. I do not expect LiteCoin to ever become as valuable as BTC (or maybe) but what is the outlook for our Silver Coin?

LTC is on it's way, sooner or later -

Sigh,

There is a difference between the usability of silver and gold.

There is no significant difference between the usability of LTC and BTC.

I don't get why LTC supporters say that because of more coins, it will target
smaller transactions. We're speaking of floating point here, you can divide a
Bitcoin up to 10^-8! I don't see the point.
I also have few LTC though, but I'm realistic about the little difference with BTC.

I don't think that's a good comparison, I do however think LTC will have potential for HUGE profits.

the value is not important, the important thing is the variation of the value..

Do you mean profit in USD or in BTC?
In USD, there will be for sure, but I don't think more than with BTC. The price in dollar of the LTC and BTC seem to follow the same trend.

Because litecoin mainly adopt the feature of bitcoin, there's nothing too revolutionary or innovative. So, the value of litecoin will not be as high or close to bitcoins. People will still use it though.

Value depends on how a currency is adopted.   Alot of people have adopted litecoin and you can trade it at places like btc-e.com.   I only see it going up.

BigVern
litebonk.com

You do realize that the matter of how revolutionary a currency is doesn't matter. It is how much it is used and how good it preserves its value that counts.

This is true, and perhaps one of the saddest truths.   Diamonds are a great example, in reality what are they used for?  How many people truly need them?  yet the price for them is astronomically high compared to their weight.  It's all percieved value.  In the end, that is the only way currency will ever work as well, it has to be percieved as being valuable.  Thats where BTC and LTC come in, they are being more and more known as being worth something to more and more people.  More places are accepting them as currency, and in the end I only see the prices of BOTH going up longterm.

I personally don't think this is an accurate statement!

Like anything, new technology supplants the old.  The old might stick around( like Ford), but few people will be driving them, relatively speaking.  I think Scrypt currencies are where the action's headed.  Miners are pointing their rigs there, leaving those who were lucky enough to get ASIC rigs to unload their loot onto the public.  By then the majority of miners will have switched to FTC.  I think this goes a way to explain the drop in BTC price today, honestly. 



Bitcoin- the silver to Litecoin gold

Yes there is. Confirmations are much faster on LTC and more suitable to low value purchases than bitcoins that can take ages to confirm for low values.

LTC in my opinion is kind of like the grass roots movement of the crypto currency.

As the ASICs come out and flood the BTC mining scene, the guys with gaming rigs will still have a viable alternative to pay their electricity bill (and secure the network of course ;)  )

I am bullish on LTC, but Im also bullish on Silver....and we all se what that is doing ;sigh;

As there is a much larger abundance of silver than gold in the earth to be mined, the same correlation can be applied to these two crypto-currencies. There being more LiteCoin compared to BitCoin to be mined is the same. This result is that LiteCoin will always have a lower value compared to BitCoin, just like silver has a lower value to gold. Therefore, LiteCoin is the silver to BitCoin's gold.

litecoin , just best crypto money ( gpu miner )

It's coming to mtgox soon. That will cause a nice price rise.

Looking at miningpool.nl to mine some LTC :-)

I an just saying --> Feathercoin.

Those who have missed out on the BitCoin rise can probably benefit on a smaller scale the LiteCoin rise. I believe all other cryptocurrency will always remain small (like bronze, copper, tin, zinc, etc)

I think it's just a matter of time and letting the market decide which cryptos will be will be the most valuable. Could be Litecoin, could be Feathercoin, could be something else entirely. Time will tell.

I agree, the ones that will be most valuable are the ones the major exchanges pick up, and merchants use.  I strongly believe it will be LiteCoin over Feathercoin though.

It might turn out that way.

Seems like a lot of people on this forums are concerned about the limited availability of BitCoins in the future. If the difficulty goes up like some people think, Bitcoins might be a lot harder to come by. So, it may be like gold, of which there is only a limited amount that can be mined PROFITABLY in the world....

Not sure about the Litecoin though. I have to do more research....

Very interesting stuff though.

Or, it could be that BitCoins might turn out like dollars, and the LTC's might be like the dimes and nickels. Useful for smaller purchases??

I'm still just learning about all this.

I agree in saying that the market will have the final say so, but....LTC just seems to be lacking. BTC not only has the community, language, double-spend protection that has been created over a few years. LTC has not had any real updates that I am aware of?

On the other hand, could LTC transfers become quicker so that you could use them for smaller transactions? I've heard of this, but have not really seen what can back this up....

But of course you can make some good gains playing it as anything else.

The basic premise behind LTC was quicker confirms for faster transactions and being somewhat ASIC resistant.  Unfortunately though there's not many you can actually do with your litecoins yet.

I'd still say they're second (by a fair distance) to bitcoin with a whole bunch of even less mature coins being mined by those looking for a quick buck (aren't we all).

One of the main reasons I support LTC is for the confirmation/transaction time compared to BTC.

Interesting. I can understand that is why LTC has some actual value (compared to other Crypto-Currencies and hell...it's worth more than the USD currently).

The thing about diamonds though is the "value" and availbility are tightly controlled and the markup is terrific from the mine to the jewlery store.  The minimum markup from "Rap" or wholesale is 300%.  Diamonds are controlled by one company and one company only, regardless of where they are mined; a mine in Canada being the exception.

Diamonds have no value as currency because as soon as you buy one it is worth much less than you paid for it except in a private sale.  DeBeers, the cartel which controls the diamond market only release a small number of the jewelry grade diamonds mined each year and holds the rest in its valut.  Even the Russian mines don't mess with DeBeers because Debeers could flood the market thus causing prices to collapse. The Russian mines would go broke, DeBeers would lose nothing and soon things would be back as they were with DeBeers directly controlling the Russian mines.

$.02.

I am the newest of newbies. this is my first post as I only discovered crypto-currency like two weeks ago. it seems to me that as the  ASIC's come out Bitcoins will become easier to mine at least for a short time  whilst litecoins will maintain their current difficulty. This could result I the value of litecoins increasing relative to the value of Bitcoins. I am also hoping that I will be able to get a good deal on GPU mining hardware once others upgrade.

Bitcoin got the headstart.

The only reason I would invest in LTC is in a pump and dump scheme. The only reason the price has risen thus far (AFAIK) is the speculation that when LTC hits MTGOX its value will skyrocket similar to the BTC bubble last month. The question arises that a rise in value either requires later investors with their speculation driving the price up or that there is a use for LTC for which BTC cannot accomplish (AFAIK LTC only offers fast transaction confirmation). Without a facilitating something that BTC cannot, i don't think there's anything that ensures the growth of value for LTC, other then greater speculation by later investors.

My 2 Shatoshi's
Shas

I think that is the plan for all other currencies as well.