Bitcoin Forum

I'm not looking to start an argument about Litecoins or Bitcoins.  LTC is going to Gox as can be seen here: https://mtgox.com/pdf/20130424_ddos_statement_and_faq.pdf

I would like to know what you think the exchange rate will be after the first 24 hours of trading on Gox.

BTW, the LTC/BTC exchange rate is currently trading around .03.

Cheers.

P.S. I easily see it at .05.

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

Save these arguments for another thread, there are many of them.  I'm asking your opinion on the exchange rate.  Did you vote?

I think this an unfair question, he's made a poll, not asking for people to take sides.

Edit: I voted for the most popular answer.

Thank you and thanks for your vote!

Cheers

depending on when LTC will be supported in gox actually.

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

BTC-E has it correct as far as I can tell:

BTC/USD ($127.84 right now) - so one BTC would equal $127.84
LTC/USD ($4.08) - one LTC equals $4.08
LTC/BTC (0.03) - so one LTC equals 0.03 of a BTC

Your logic makes sense, but I agree with the other guy. Typically units are written as km/hour which means kilometers per hour which if the number was 100 would mean 100 kilometers per hour.

LTC/BTC would be interpreted as Litecoins per Bitcoin, which should be 30 something not 0.03.

*shrugs* These are just conventions I guess.

Current 0.03 seems manipulated up from previous 0.02 steady state, probably in anticipation of MtGox. There's a risk holders who "bought the rumor" will "sell the news"

Read your news sources :)

+1

>0.5 - see it spike to over $50 fiat then find an equal (post crash)- then steady climb.

Currency pairs are always written this way. The currency on the left is always 1, so:

1 LTC = 0.03 BTC

I voted for higher than 0.03 because I don't want to get my hopes up!

If we see around $10 equivalent, I will be very happy. Any more and I will be ecstatic ;D

lol why would you try to apply mathemtical notation to currency pairs?
forex has been using this notation forever

and why do random bitcointalk members think that they know better than the actual exchanges?

I think 0.15, than it will fall to 0.7 where it will be stable for a while.

So voted >0.1

Don't know if this will be within the first 24h tho

And I thought, I was an optimist  :P

You must live in backwards-world!  I do hope one day it is BTC/LTC but um no... You are wrong.  Sorry.

Thanks all for the votes...  Keep 'em coming!

Cheers!

Litecoin indirectly inflates Bitcoin.