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Title: Litecoin, PPC and namecoin worth investing? Post by: ironcross360 on June 04, 2013, 03:59:04 PM Are they worth investing in? do you think that any of them will soon be like bitcoins price?
Title: Re: Litecoin, PPC and namecoin worth investing? Post by: mgio on June 04, 2013, 04:25:28 PM Nope, they will all die within the next year. Namecoin is interesting, but it isn't a currency really.
Title: Re: Litecoin, PPC and namecoin worth investing? Post by: ThatDGuy on June 04, 2013, 05:25:11 PM Are they worth investing in? do you think that any of them will soon be like bitcoins price? I won't speak for PPC of NMC as I don't know enough about them, but I don't think it would hurt to diversify a bit and have 1%-5% of Cryptocurrency portfolio in LTC, especially if you can buy in ~ 0.022/BTC or less. It's very much a higher-risk investment, but if/when it gets to MtGox (and assuming this happens before MtGox's volume declines too sharply as it has seemed to) there could potentially be a speculation bubble for it that happens independently of BTC's price. There's a lot of new speculation money that entered (and is entering) this market following March/April, and psychologically probably wish they had bought BTC when it was only $5. I also think the specificity and scarcity of ASIC miners stands to affect the SHA/Scrypt relationship in an interesting way that will play out over the next few months - the sharp spike in difficulty coming tomorrow will really make huge waves. |