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Title: Litecoin Price to hit $25? Post by: BittBurger on July 23, 2013, 08:40:27 PM There will be 4x as many Litecoins as there are Bitcoins.
Would it stand to reason that the price of Litecoin would ultimately hover somewhere around 1/4 that of Bitcoin? Therefore when Litecoin hits mainstream .... such as the first step - MtGox adding it .... its price may very well hit $25? (1/4 of BTC) Or is that just a bunch of malarchy :) -Burger- Title: Re: Litecoin Price to hit $25? Post by: naphto on July 23, 2013, 08:46:03 PM There will be 4x as many Litecoins as there are Bitcoins. Would it stand to reason that the price of Litecoin would ultimately hover somewhere around 1/4 that of Bitcoin? Therefore when Litecoin hits mainstream .... such as the first step - MtGox adding it .... its price may very well hit $25? (1/4 of BTC) Or is that just a bunch of malarchy :) -Burger- No. Why would the ltc markets be equals to the btc one? No reason... Title: Re: Litecoin Price to hit $25? Post by: Tzupy on July 23, 2013, 08:48:02 PM No chance in hell to hit 25$ soon. Maybe when BTC is going to be 500$.
Title: Re: Litecoin Price to hit $25? Post by: /dev/null on July 23, 2013, 08:49:17 PM Bitcoin is petrol
Litecoin is diesel forget 25$, it will hardly go upto 10$ this year. Title: Re: Litecoin Price to hit $25? Post by: BittBurger on July 23, 2013, 08:49:57 PM Quote There will be 4x as many Litecoins as there are Bitcoins. Quote Why would the ltc markets be equals to the btc one? No reason... Didn't say equal. Said 1/4th. And why? Quote There will be 4x as many Litecoins as there are Bitcoins. Title: Re: Litecoin Price to hit $25? Post by: notme on July 23, 2013, 08:51:10 PM Quote There will be 4x as many Litecoins as there are Bitcoins. Quote Why would the ltc markets be equals to the btc one? No reason... Didn't say equal. Said 1/4th. And why? Quote There will be 4x as many Litecoins as there are Bitcoins. And Bitcoin has 4000X as many businesses that accept it. Title: Re: Litecoin Price to hit $25? Post by: bitcodo on July 23, 2013, 08:51:59 PM Just make alchain with just 1 coin. You can sell it for many millions. :D
Title: Re: Litecoin Price to hit $25? Post by: Kalshnikov on July 23, 2013, 08:53:34 PM Will LTC replace BTC as number one?
Title: Re: Litecoin Price to hit $25? Post by: Birdy on July 23, 2013, 08:58:13 PM Quote There will be 4x as many Litecoins as there are Bitcoins. Quote Why would the ltc markets be equals to the btc one? No reason... Didn't say equal. Said 1/4th. And why? Quote There will be 4x as many Litecoins as there are Bitcoins. An value of 1/4 Btc means equal in market cap to Bitcoin as there are 4 times more Litecoins. Just as 8*1/4 = 2 and 2*1 = 2 Hint: It will not happen. Title: Re: Litecoin Price to hit $25? Post by: mr_random on July 23, 2013, 09:10:53 PM There's only roughly double Litecoins than Bitcoins in existence. So that would be more like $50 if they were both in equal demand. That is the big if. Coin supply is only half the equation, coin demand is the other half :D
Title: Re: Litecoin Price to hit $25? Post by: DeathAndTaxes on July 23, 2013, 09:12:30 PM The amount of available silver bullion (30,000 T) is roughly half that of gold bullion (60,000 T). Is the price of silver double that of Gold?
Based on these metrics why is the price of Silver 1/65th of Gold? Total gold 166,000 T Gold bullion 60,000 T Gold Production 2,800 T /annually Total Silver 777,000 T Silver Bullion 30,000 T Silver Production 30,000 T / annually Total Silver 4.7x Gold Silver Bullion 0.5x Gold Silver Production 10.7x Gold Gold Price ~$1300 Silver Price: ~$20 Gold/Silver Ratio: 65:1 Title: Re: Litecoin Price to hit $25? Post by: DeathAndTaxes on July 23, 2013, 09:35:58 PM The amount of gold bullion is roughly equal to the amount of silver bullion. Is the price of silver roughly the same as the price of gold? That is an invalid comparison. There has been more than 10x the amount of silver mined compared to gold. Just because a fraction of it is available as bullion does not negate the fact of the amount of the metal in existence. I updated the post to include a variety of metrics but none come anywhere close to the gold:silver ratio. Lets go with 10x for mining production, the Silver Gold ratio right now is ~65:1 not 10:1. Actually in the last 40 years it has NEVER been as low as 10:1. http://goldprice.org/charts/history/gold_all_data_silver.png Quote Even so, it is only an estimate, we can not know exactly. But with the cryptos we can know with a much higher precision. Making for an interesting economic laboratory. However sentiment is affected by estimates. Yet despite there being really no dispute that by any metric gold is no more than 20x as rare as silver (total historical production - 20:1, annual production - 10:1, total above ground metal: 5:1, total bullion: 0.5:1) its price has consistently 40x to 80x that of Silver for decades. The idea that the cryptocurrency supply is more accurate isn't exactly true. Generation is very accurate but what matters is AVAILABLE currency and losess are unknown. How many Bitcoins are still in circulation? Still the point was that supply alone doesn't determine price. If it did then the silver:gold ratio would be much lower (no matter what metric one thinks is the most important). Title: Re: Litecoin Price to hit $25? Post by: tonto on July 23, 2013, 09:52:24 PM Will LTC replace BTC as number one? No. LTC was created by someone who got pissed off that they missed the early days of BTC mining. Creating more and faster is/was not the answer. It just is an attempt at being the "early miners" in case the value ever goes up past a certain value. Ultimately it keeps the value of both down by obfuscating and confusing new people, and splitting users. Bitcoins were never about "making money". The "mining" are simply verifying transactions. The creation of money (mining) was an incentive to get people to verify transactions until the network gets big enough to sustain itself. Title: Re: Litecoin Price to hit $25? Post by: usahero on July 24, 2013, 10:50:26 AM Therefore when Litecoin hits mainstream .... such as the first step - MtGox adding it Gox won't add LTC. Bubble will explode. Many will lose big money but might finaly wake up to the truth, that LTC is outdated and almost useless. +1 Although there are few things that make it valuable: Some exchanges now operate on alt/ltc pairs, and there is atlantis for LTC. If it doesn't come to gox, which most likely won't before 2014, the price should and will fall down. Title: Re: Litecoin Price to hit $25? Post by: usahero on July 24, 2013, 11:01:28 AM You don't need something new or innovative for coin to survive. You need the coin to be liquid and usable. And coins don't just die. Only their price sinks, if coin becomes useless.
Title: Re: Litecoin Price to hit $25? Post by: Liquid on July 24, 2013, 11:45:08 AM LTC does not differs enough from Bitcoin to survive. Scrypt, 2.5 minutes blocks, who really gives a shit about that anymore except morons, people dumb enough to not realise LTC sux even though all they are using it for is speculations and eventualy exchange arbitrage. Not even YAC or XPM are different enough to survive but most people don't see it because there is still no true alternative to Bitcoin. Making money on altcoins is just fine but don't come to me saying some of them is The Next Big Thing. That is a very bias opinion, critical thinking is nonexistent also if you think a cryptocurrency monopoly is healthy think again. The volatile nature of Bitcoin and Litecoin suggests that competition between buyers and sellers determines the price this comes back to the fundamental framework of economics, supply and demand. The supply and demand price of litecoin and bitcoin, that is the current real value market price realistically is the only price worth talking about. Speculation only brings expectations and FUD only brings fear, both bring unrealistic economic data, unfortunately human emotions play a big role in the price of Litecoin and Bitcoin more than hard economic data. Everything in this world is dynamic and changing for a reason we will never see the final price of Litecoin & Bitcoin so no point predicting irrelevant data. Liquid Title: Re: Litecoin Price to hit $25? Post by: Online24o0n on July 24, 2013, 12:43:56 PM LTC does not follow BTC at all, but $25 for LTC is certainly obtainable in the very near future.
Title: Re: Litecoin Price to hit $25? Post by: BittBurger on August 30, 2013, 07:09:31 PM So you guys think that just being accepted by GOX will incease LTC value possibly to $25 or even $75?
Is that because for once you can exchange it directly with USD? Trying to get my head around the biggest motivating factor for why the price would go up. Obviously ease of availability. Wouldn't have to go USD > BTC > LTC just to get LTC. Is it that interaction directly between USD <--> LTC that would increase its value? I hope coinbase adds Litecoin as well. Title: Re: Litecoin Price to hit $25? Post by: Adamlm on August 30, 2013, 07:12:40 PM LTC will be more and more popular:
http://www.wired.com/wiredenterprise/2013/08/litecoin/ ::) Title: Re: Litecoin Price to hit $25? Post by: Lauda on August 30, 2013, 07:23:55 PM So you're expecting a coin that has almost non exsistant services to reach 1/4 of BTC.
http://1.bp.blogspot.com/-OEpEmnJPB20/UIc6vL_5gII/AAAAAAAAAPA/ZGlbxfHFQ34/s400/Cool_story_bro.jpg Title: Re: Litecoin Price to hit $25? Post by: Adamlm on August 30, 2013, 08:02:07 PM Not 1/4, BTC is around $140 today and I doubt it will be under $100 again.
When more and more people start to mine and trade LTC services will come, it's natural. Anyway, like the Russians say: Пoживём – yвидим Title: Re: Litecoin Price to hit $25? Post by: marcovaldo on August 30, 2013, 08:08:22 PM When will LTC be accepted in MT.GOX? ::)
Title: Re: Litecoin Price to hit $25? Post by: ronimacarroni on August 30, 2013, 08:11:55 PM I think being accepted in mtgox would make litecoins price go up.
But I don't think it'll make it implode if it doesn't like someone said earlier. Atleast I hope not, I like litecoins. Title: Re: Litecoin Price to hit $25? Post by: limbaugh on August 30, 2013, 08:55:06 PM How's that LTC "sure thing" working out? If you have been waiting on the MTGox fairy to increase LTC value you have missed multiple opportunities to increase your holdings. Just sayin...
Title: Re: Litecoin Price to hit $25? Post by: miffman on August 30, 2013, 09:03:11 PM LTC doesn't hold onto bitcoin, but for the price to increase people would need to stop adopting it and accept it as payment and so on
Title: Re: Litecoin Price to hit $25? Post by: STT on August 30, 2013, 09:58:16 PM Nobody has a clue what litecoins are, the occasional person has heard of BTC but second place is no place in the big scheme of things.
You need an actual advantage for LTC over BTC. Maybe the asics will achieve self awareness :p Is there any flaw or impediment in either the other can do better Title: Re: Litecoin Price to hit $25? Post by: rikkejohn on August 30, 2013, 10:11:09 PM Maybe 10%, merely because it's less cumbersome than BTC.
If Silk Road add LTC, then I would expect it to soar in value - so a 20% might not be too fanciful Title: Re: Litecoin Price to hit $25? Post by: DeathAndTaxes on August 30, 2013, 10:17:41 PM Maybe 10%, merely because it's less cumbersome than BTC. If Silk Road add LTC, then I would expect it to soar in value - so a 20% might not be too fanciful If Amazon and NewEgg started accepting Bitcoin I would expect BTC to soar in value. The question you got to accept yourself is WHY would SR start accepting LTC? SR exists to make money. They make money when their merchants make money. Why would accepting a less know currency with less liquidity and on which most exchanges requires an exchange to BTC before going to fiat help their merchants? Title: Re: Litecoin Price to hit $25? Post by: BittBurger on August 30, 2013, 10:58:18 PM So you're expecting a coin that has almost non exsistant services to reach 1/4 of BTC. I do believe there will be a jump when Gox adds it. $2.50 is hardly a hefty price right now.And a jump to $25 isn't that insane given BTC is now pushing $140. Neither LTC nor BTC are exactly saturating the 'services' market. Both are operating purely based on supply and demand right now. BTC is only starting to be included in business models for various companies. So a jump when Gox adds it? Yes. And another huge growth period if BTC saturates the market ? Definitely. Title: Re: Litecoin Price to hit $25? Post by: Mjbmonetarymetals on August 31, 2013, 12:18:30 AM It's entirely possible within 12 months we will see a - $1000 btc and a $100 ltc - within the next 6 months I see regulatory issues being resolved, further momentum in adoption of primarily btc and ltc.
There will be a vastly smaller amount of available supply of litcoin than say 1oz silver coins, so it could be argued that litcoin should/could be worth much more than $25. You could make an analogy that rhodium=Bitcoin and Litecoin=gold rhodium is 100 times rarer than gold yet 1oz of gold costs $1400 and 1oz of rhodium costs $1125.00 rhodium peaked a few years ago at over $10,000 per oz. So really anything is possible ;D Title: Re: Litecoin Price to hit $25? Post by: FiiNALiZE on August 31, 2013, 12:36:01 AM It's entirely possible within 12 months we will see a - $1000 btc and a $100 ltc - within the next 6 months I see regulatory issues being resolved, further momentum in adoption of primarily btc and ltc. There will be a vastly smaller amount of available supply of litcoin than say 1oz silver coins, so it could be argued that litcoin should/could be worth much more than $25. You could make an analogy that rhodium=Bitcoin and Litecoin=gold rhodium is 100 times rarer than gold yet 1oz of gold costs $1400 and 1oz of rhodium costs $1125.00 rhodium peaked a few years ago at over $10,000 per oz. So really anything is possible ;D If LTC hits $100 in 12 months, I'm going to drop out of college and buy my own private island :D Title: Re: Litecoin Price to hit $25? Post by: weex on August 31, 2013, 01:20:41 AM It's entirely possible within 12 months we will see a - $1000 btc and a $100 ltc - within the next 6 months I see regulatory issues being resolved, further momentum in adoption of primarily btc and ltc. There will be a vastly smaller amount of available supply of litcoin than say 1oz silver coins, so it could be argued that litcoin should/could be worth much more than $25. You could make an analogy that rhodium=Bitcoin and Litecoin=gold rhodium is 100 times rarer than gold yet 1oz of gold costs $1400 and 1oz of rhodium costs $1125.00 rhodium peaked a few years ago at over $10,000 per oz. So really anything is possible ;D If LTC hits $100 in 12 months, I'm going to drop out of college and buy my own private island :D Title: Re: Litecoin Price to hit $25? Post by: FiiNALiZE on August 31, 2013, 01:31:47 AM It's entirely possible within 12 months we will see a - $1000 btc and a $100 ltc - within the next 6 months I see regulatory issues being resolved, further momentum in adoption of primarily btc and ltc. There will be a vastly smaller amount of available supply of litcoin than say 1oz silver coins, so it could be argued that litcoin should/could be worth much more than $25. You could make an analogy that rhodium=Bitcoin and Litecoin=gold rhodium is 100 times rarer than gold yet 1oz of gold costs $1400 and 1oz of rhodium costs $1125.00 rhodium peaked a few years ago at over $10,000 per oz. So really anything is possible ;D If LTC hits $100 in 12 months, I'm going to drop out of college and buy my own private island :D Sit in front of my 500in 4k TV and fap Title: Re: Litecoin Price to hit $25? Post by: Lauda on August 31, 2013, 09:00:06 AM It's entirely possible within 12 months we will see a - $1000 btc and a $100 ltc - within the next 6 months I see regulatory issues being resolved, further momentum in adoption of primarily btc and ltc. There will be a vastly smaller amount of available supply of litcoin than say 1oz silver coins, so it could be argued that litcoin should/could be worth much more than $25. You could make an analogy that rhodium=Bitcoin and Litecoin=gold rhodium is 100 times rarer than gold yet 1oz of gold costs $1400 and 1oz of rhodium costs $1125.00 rhodium peaked a few years ago at over $10,000 per oz. So really anything is possible ;D If LTC hits $100 in 12 months, I'm going to drop out of college and buy my own private island :D Sit in front of my 500in 4k TV and fap Title: Re: Litecoin Price to hit $25? Post by: BTCat on August 31, 2013, 10:38:54 AM Problem is that even if LTC hits 100$ you would not have kept it all the way up there. Most would take profits much earlier.
And even if you did you probably would be too greedy to see if it hits 120$. Only a tiny % would be sold on the top. Title: Re: Litecoin Price to hit $25? Post by: Lauda on August 31, 2013, 12:12:25 PM Well while we discuss the price going up to 25$ or higher it is actually going down.
Title: Re: Litecoin Price to hit $25? Post by: jamestown2035 on August 31, 2013, 06:18:57 PM Something to keep in mind, a coin has no use if everyone hoards it.
Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on August 31, 2013, 08:13:55 PM Is LTC dev's active at all?
what are they working on these days? Title: Re: Litecoin Price to hit $25? Post by: yomamanodros on August 31, 2013, 08:44:00 PM Is LTC dev's active at all? I'm pretty sure Charlie Lee who created litecoin is working at Coinbase right now. I have no idea whether or not he is still actively working on litecoin. what are they working on these days? Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on August 31, 2013, 09:14:01 PM Is LTC dev's active at all? I'm pretty sure Charlie Lee who created litecoin is working at Coinbase right now. I have no idea whether or not he is still actively working on litecoin. what are they working on these days? So who develop litecoin now? Title: Re: Litecoin Price to hit $25? Post by: cyclops on August 31, 2013, 09:16:19 PM I dont think litecoin will go that high.
Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 01, 2013, 01:29:50 AM Who and what are they doing with LTC now?
Title: Re: Litecoin Price to hit $25? Post by: viboracecata on September 01, 2013, 03:09:31 AM that will be true some day.
Title: Re: Litecoin Price to hit $25? Post by: Tomatocage on September 01, 2013, 03:16:39 AM Remember, Bitcoin dipped to $2.xx last year too.
Title: Re: Litecoin Price to hit $25? Post by: Nolo on September 01, 2013, 03:19:58 AM Remember, Bitcoin dipped to $2.xx last year too. [WTB] Time Machine @ 100BTC Title: Re: Litecoin Price to hit $25? Post by: cosurgi on September 01, 2013, 09:07:55 AM Is LTC dev's active at all? I'm pretty sure Charlie Lee who created litecoin is working at Coinbase right now. I have no idea whether or not he is still actively working on litecoin. what are they working on these days? So who develop litecoin now? I think mostly Warren, but with audit from bitcoin developers. They created a litecoin association recently. They recently made a new litecoin release. See their posts for yourself: https://forum.litecoin.net/index.php/board,1.0.html for example Warren is talking about 10-15 kUSD regarding legal expenses & lawyers. Weex is busy organizing the litecoin association, which is roughly disconnected from litecoin developers so that they can focus on developing instead of working on organizational issues. I think that litecoin community is pretty active. You just didn't notice when they moved to their own forum :) Title: Re: Litecoin Price to hit $25? Post by: cosurgi on September 01, 2013, 10:06:08 AM Oh, you can also follow live updates from litecoin developers:
https://plus.google.com/104307324656397909502/posts btw, did you know that there's a price ticker for LTC on mtgox? https://data.mtgox.com/api/1/LTCEUR/ticker http://data.mtgox.com/api/2/LTCUSD/money/ticker https://mtgox.com/api/2/stream/list_public In fact It was there for some time. Just with price 0.000, because they didn't roll LTC trading yet. Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 01, 2013, 10:11:11 AM Remember, Bitcoin dipped to $2.xx last year too. [WTB] Time Machine @ 100BTC Title: Re: Litecoin Price to hit $25? Post by: cosurgi on September 01, 2013, 10:20:43 AM Remember, Bitcoin dipped to $2.xx last year too. [WTB] Time Machine @ 100BTC maybe it is the last time when you see litecoins at such a low price ;) Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 01, 2013, 10:58:27 AM Remember, Bitcoin dipped to $2.xx last year too. [WTB] Time Machine @ 100BTC maybe it is the last time when you see litecoins at such a low price ;) This is just profit manipulation. Title: Re: Litecoin Price to hit $25? Post by: Notanon on September 01, 2013, 05:02:04 PM Getting more vendors behind Litecoin would go a long way to helping reach the $25 dollar mark. A Mt.Gox-like exchange site for more currencies than just the US Dollar and the Euro wouldn't go astray, either.
Title: Re: Litecoin Price to hit $25? Post by: smoothie on September 01, 2013, 06:19:31 PM Remember, Bitcoin dipped to $2.xx FTFY Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 01, 2013, 07:49:11 PM Litecoin doesn't deserve to be the top alt.
Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on September 02, 2013, 04:15:40 PM Litecoin doesn't deserve to be the top alt. Why? Title: Re: Litecoin Price to hit $25? Post by: hendo420 on September 02, 2013, 04:33:46 PM Litecoin doesn't deserve to be the top alt. Why? Budweiser Bud Lite Bitcoin Litecoin /thread Title: Re: Litecoin Price to hit $25? Post by: LlamaMaster on September 02, 2013, 06:16:34 PM Litecoin doesn't deserve to be the top alt. And pop music doesn't deserve to be loved by tens of millions of people. It doesn't matter what the quality of the coin is; only how many people care about it.Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on September 02, 2013, 07:02:49 PM litecoin just needs to be spendable in a manner.
i dont see anybody try to accept litecoin seriously. and even more, for the end-user people, they have bitcoin option, why should they change their money to litecoin for spending it on sites that accepts both bitcoin & litcoin??? Title: Re: Litecoin Price to hit $25? Post by: DeathAndTaxes on September 02, 2013, 07:15:14 PM litecoin just needs to be spendable in a manner. i dont see anybody try to accept litecoin seriously. and even more, for the end-user people, they have bitcoin option, why should they change their money to litecoin for spending it on sites that accepts both bitcoin & litcoin??? That is the power of the network effect. Why would a merchant accept LTC if most people who have LTC also have BTC? Why would a user (not a miner but just a user) acquire LTC to spend if more merchants accept BTC and almost all that accept LTC also accept BTC? Why would a merchant only looking to convrert to fiat (using cryptocurrency as a proxy for dollars & a payment platform) accept LTC given the lower liquidity, the need for double conversion in many cases, and the lack of turnkey solutions (bitpay, coinbase, etc)? The network effect creates a self reinforcing cycle that only becomes stronger as the network gets larger. Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on September 02, 2013, 07:18:49 PM litecoin just needs to be spendable in a manner. i dont see anybody try to accept litecoin seriously. and even more, for the end-user people, they have bitcoin option, why should they change their money to litecoin for spending it on sites that accepts both bitcoin & litcoin??? That is the power of the network effect. Why would a merchant accept LTC if most people who have LTC also have BTC? Why would a user (not a miner but just a user) acquire LTC to spend if more merchants accept BTC and almost all that accept LTC also accept BTC? Why would a merchant only looking to convrert to fiat (using cryptocurrency as a proxy for dollars & a payment platform) accept LTC given the lower liquidity, the need for double conversion in many cases, and the lack of turnkey solutions (bitpay, coinbase, etc)? The network effect creates a self reinforcing cycle that only becomes stronger as the network gets larger. So, how a network gets larger? Title: Re: Litecoin Price to hit $25? Post by: DeathAndTaxes on September 02, 2013, 07:28:35 PM So, how a network gets larger? Well that is a good question. Merchants accepting LTC along side BTC is good but has a small network effect. Merchants that only accept LTC provides more a network effect. Even more useful would be developing the supporting infrastructure? Where is the LTC equivalent of bitpay to provide turnkey solutions for merchants? Where is a US/EU based exchange which provides LTC/USD pairs? If LTC is less liquid and harder to adopt then outside the dreams of those holding large coins it is improbable to think merchants will adopt it. I mean lets look at Bitcoin. Bitpay makes it very easy and risk free to accept. Companies can price in USD, get paid in USD, receive a guaranteed amount of USD, and have funds in their bank account as fast as credit cards. Combine that with no fraud and low fees. Even with that Bitcoin adoption has been slow. Now compare the current LTC situation? Honestly think its network is going to grow faster? The problem is that as valuable as a well run "LTC Bitpay" would be it would only be "as good" as Bitcoin. LTC wasn't ambitious enough and ended up a shallow copy of Bitcoin. That makes it very hard to outgrow its big brother. It may simply be impossible. A crypto-currency which is designed from the ground up to be superior to Bitcoin in areas where Bitcoin is inefficient likely has more of a chance of carve out a niche. Bitcoin is ill-suited for small transactions. A radically different crypto-currency designed to use a floating ledger would provide less security but would provide a superior platform for quicker, lower cost small transactions. Is it enough to compete with off-chain txs? I don't know but at least it would have a competitive advantage. Still nobody would likely be storing huge sums in this complimentary currency due to potentially lower security but it could be successful alongside Bitcoin. Honestly (and no doubt some will disagree) I see only two highly successful alt-coins in the future a) one which tries to compliment Bitcoin (and please no "silver for Bitcoin's gold nonsense) b) one which is so vastly superior to Bitcoin that it displaces it as the dominant currency No alt-coin to date has been ambitious enough to attempt either. Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 02, 2013, 08:06:21 PM Litecoin doesn't deserve to be the top alt. And pop music doesn't deserve to be loved by tens of millions of people. It doesn't matter what the quality of the coin is; only how many people care about it.Your counter point failed. Title: Re: Litecoin Price to hit $25? Post by: Ethera on September 02, 2013, 08:16:36 PM I've said it once already.
Point is that btc is getting big money race, which is unnapealing for the HUGE mass of miners, who cannot spend shitload of money for the asic's. We are counting the biggest part of the miners. We have gone from decentralised currency to the point where its rich bitch game. Masses will move to the next best thing, where throwing in 100k usd wont give you the edge over what people already have by that huge margin... You fail to understand, that its not the coin, its the support of the masses which is most important. And thats why Ltc will prevail and will increase hugely. Wait 5 years, give me millionz on that bet. Title: Re: Litecoin Price to hit $25? Post by: FiiNALiZE on September 02, 2013, 08:19:20 PM Litecoin doesn't deserve to be the top alt. And pop music doesn't deserve to be loved by tens of millions of people. It doesn't matter what the quality of the coin is; only how many people care about it.Your counter point failed. Oh and what other music genre is more popular than pop? You do realize that pop is a genre of popular music right? Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 02, 2013, 10:41:20 PM Oh and what other music genre is more popular than pop? You do realise that it's being listened to by ignorant teens and below? We don't need people like that in crypto.You do realize that pop is a genre of popular music right? and crypto requires a tad more brains to comprehend and fully understand so.. Title: Re: Litecoin Price to hit $25? Post by: FiiNALiZE on September 02, 2013, 11:04:11 PM Oh and what other music genre is more popular than pop? You do realise that it's being listened to by ignorant teens and below? We don't need people like that in crypto.You do realize that pop is a genre of popular music right? and crypto requires a tad more brains to comprehend and fully understand so.. 1. You mixed up the quotes. 2. Stop trying to digress. I was countering your argument that there are other genres of music more popular than pop. Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 03, 2013, 03:47:32 PM Oh and what other music genre is more popular than pop? You do realise that it's being listened to by ignorant teens and below? We don't need people like that in crypto.You do realize that pop is a genre of popular music right? and crypto requires a tad more brains to comprehend and fully understand so.. 1. You mixed up the quotes. 2. Stop trying to digress. I was countering your argument that there are other genres of music more popular than pop. Title: Re: Litecoin Price to hit $25? Post by: cosurgi on September 03, 2013, 04:31:24 PM Here's a list of sites using litecoin (http://litecoin.info/Service_Directory)
Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on September 04, 2013, 05:30:30 AM Here's a list of sites using litecoin (http://litecoin.info/Service_Directory) The question is why a website should use litecoin instead of bitcoin !? Title: Re: Litecoin Price to hit $25? Post by: samfisher on September 04, 2013, 06:28:28 AM Here's a list of sites using litecoin (http://litecoin.info/Service_Directory) The question is why a website should use litecoin instead of bitcoin !? Who says it has to be Litecoin instead of Bitcoin? Why not both? Why not Zoidberg? Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on September 04, 2013, 07:30:48 AM Here's a list of sites using litecoin (http://litecoin.info/Service_Directory) The question is why a website should use litecoin instead of bitcoin !? Who says it has to be Litecoin instead of Bitcoin? Why not both? Why not Zoidberg? ok, both. then the question is, why an end-user should convert his USD to litecoin and spend it instead of bitcoin ?! Title: Re: Litecoin Price to hit $25? Post by: samfisher on September 04, 2013, 08:44:36 AM Here's a list of sites using litecoin (http://litecoin.info/Service_Directory) The question is why a website should use litecoin instead of bitcoin !? Who says it has to be Litecoin instead of Bitcoin? Why not both? Why not Zoidberg? ok, both. then the question is, why an end-user should convert his USD to litecoin and spend it instead of bitcoin ?! Why convert at all if you have USD? :P Just buy it with USD. If it ONLY accepts crypto, well then that's a different story. Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 04, 2013, 04:17:34 PM I don't see a single reason to buy LTC.
Title: Re: Litecoin Price to hit $25? Post by: Aggrophobia on September 04, 2013, 04:49:29 PM I don't see a single reason to buy LTC. but many others do, for sure ;) Title: Re: Litecoin Price to hit $25? Post by: Nolo on September 04, 2013, 04:50:20 PM I don't see a single reason to buy LTC. but many others do, for sure ;) I did, and I do. Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 04, 2013, 04:59:45 PM I don't see a single reason to buy LTC. but many others do, for sure ;) I did, and I do. Title: Re: Litecoin Price to hit $25? Post by: Nolo on September 04, 2013, 07:41:45 PM I don't see a single reason to buy LTC. but many others do, for sure ;) I did, and I do. My wallet tends to disagree. As do the charts. Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on September 04, 2013, 08:34:55 PM We need to give the normal users a good reason to use litecoin instead of bitcoin.
If you have that reason share with us to spread it with the world. Title: Re: Litecoin Price to hit $25? Post by: ronimacarroni on September 04, 2013, 08:50:01 PM We need to give the normal users a good reason to use litecoin instead of bitcoin. uh well lets seeIf you have that reason share with us to spread it with the world. you can own 2 bitcoins (~$240) if they reach $200 you'd have $400 With the same amout you could have 100 litecoins (~$240) which if they reach $5 you'd have $500 bitcoin profit:$160 litecoin profit:$260 Title: Re: Litecoin Price to hit $25? Post by: tunctioncloud on September 04, 2013, 09:03:44 PM We need to give the normal users a good reason to use litecoin instead of bitcoin. I guess only because faster confirmation times, if someone hurry Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 04, 2013, 09:05:36 PM We need to give the normal users a good reason to use litecoin instead of bitcoin. uh well lets seeIf you have that reason share with us to spread it with the world. you can own 2 bitcoins (~$240) if they reach $200 you'd have $400 With the same amout you could have 100 litecoins (~$240) which if they reach $5 you'd have $500 bitcoin profit:$160 litecoin profit:$260 Title: Re: Litecoin Price to hit $25? Post by: Mjbmonetarymetals on September 04, 2013, 09:28:52 PM I don't see a single reason to buy LTC. but many others do, for sure ;) I did, and I do. Hmmm, I'm not sure about that stance at all.... Ok if it's strictly all about Bitcoin only Bitcoin and no other but totally rule out Litecoin in such a fresh new era of crypto currencies? I don't think so, in my view Bitcoin will make Litecoin stronger and also the recent proliferation in other altcoins is soon going to make Litecoin stronger too. Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 04, 2013, 09:34:49 PM Nah I'm more invested in other alts, but not litecoin. ;)
Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on September 04, 2013, 09:39:30 PM We need to give the normal users a good reason to use litecoin instead of bitcoin. I guess only because faster confirmation times, if someone hurry +1 That's a good advantage of litecoin rather than bitcoin. Title: Re: Litecoin Price to hit $25? Post by: imrer on September 04, 2013, 10:18:51 PM When litecoin hit gox, everything will be different. Hopefully. :)
Title: Re: Litecoin Price to hit $25? Post by: millsdmb on September 04, 2013, 10:21:17 PM litecoin is never going to gox, it could hit 25 when btc = 1117.647058823529/each
Title: Re: Litecoin Price to hit $25? Post by: Lauda on September 05, 2013, 11:45:02 AM When litecoin hit gox, everything will be different. Hopefully. :) I heard that it will go on gox in 2050.Title: Re: Litecoin Price to hit $25? Post by: CoinBuzz on September 05, 2013, 02:22:17 PM I honestly think we are all seeing the beginning of the death of LTC. Primecoin is taking it over for one reason. If anyone holds LTC they should sell it soon and buy (and hold) PPC in my opinion. Just my two cents. There are a ton of reasons why that I won't go into right now. Perhps. Once they overcome that really unfortunate branding problem. What problem? Title: Re: Litecoin Price to hit $25? Post by: immortal4now on September 05, 2013, 02:41:07 PM litecoin is never going to gox, it could hit 25 when btc = 1117.647058823529/each MtGox will not last long, LTC hopers should blame other exchanges for not adding LTC Title: Re: Litecoin Price to hit $25? Post by: stromma44 on September 05, 2013, 02:51:03 PM Why people advertise PPCs in LiteCoin thread ???
Title: Re: Litecoin Price to hit $25? Post by: TheFuneral on September 05, 2013, 02:53:13 PM litecoin is never going to gox, it could hit 25 when btc = 1117.647058823529/each MtGox will not last long, LTC hopers should blame other exchanges for not adding LTC blaming people solves what again? Title: Re: Litecoin Price to hit $25? Post by: rbdrbd on September 05, 2013, 04:00:33 PM Well, we're off topic so I'll let people get back to LTC, but I have seen people less and less using PPCoin. They now say Peercoin and PPC. For that reason I'm not concerned at all. I do wish the PeerCoin branding was made "official" though (via SunnyKing). Even going to ppcointalk.org, I see a mismatch of both terms. I'm a big fan of PPC and see POS becoming increasingly important and valuable. Title: Re: Litecoin Price to hit $25? Post by: LiteCoinGuy on September 05, 2013, 04:14:17 PM litecoin is the second largest currency because it has a good and stable def team. thats the reason its successfull.
Title: Re: Litecoin Price to hit $25? Post by: Ethera on September 05, 2013, 04:52:43 PM litecoin is the second largest currency because it has a good and stable def team. thats the reason its successfull. Exactly, who is the dev team again? you have a picture of an oracle, yet you strike with this question... Title: Re: Litecoin Price to hit $25? Post by: alwayzgame on September 05, 2013, 04:56:12 PM lite coin??
Title: Re: Litecoin Price to hit $25? Post by: ToxicDartFrog on September 05, 2013, 07:04:04 PM BTCe starting to Cloudflare. LTC might be about to make its move soon?
Title: Re: Litecoin Price to hit $25? Post by: Nolo on September 05, 2013, 07:19:10 PM BTCe starting to Cloudflare. LTC might be about to make its move soon? Yep. btc-e confirms its a DDoS. Title: Re: Litecoin Price to hit $25? Post by: colocation on September 05, 2013, 07:29:11 PM I will sell all LTC for 25$.
Title: Re: Litecoin Price to hit $25? Post by: samfisher on September 06, 2013, 04:57:24 AM litecoin is the second largest currency because it has a good and stable def team. thats the reason its successfull. Exactly, who is the dev team again? Warren Togami, the founder of the Fedora Linux distro is leading LTC development. Title: Re: Litecoin Price to hit $25? Post by: heatgsm on September 06, 2013, 05:03:27 AM Don`t worry...LTC will hit 25$ sooner or later - the financial markets are distorted, capital controls are starting to be implemented, bank deposits are not that safe , and many other things. Future will tell :D
Title: Re: Litecoin Price to hit $25? Post by: S3052 on September 06, 2013, 06:56:33 AM definitely, LTC trading has gained more and more attention and there is much more room for litecoin trading volume to grow, and spreads to narrow
Title: Re: Litecoin Price to hit $25? Post by: Pokerfan on September 06, 2013, 10:52:56 AM Litecoin doesn't make any sense, but it's been here for a long time and just doing great. What do I know, it might really go high!
Title: Re: Litecoin Price to hit $25? Post by: STT on September 06, 2013, 03:03:25 PM If it lasts long enough, inflation will make it a certainty. Wont mean its worth any more, because the price of everything is set to rise considerably
Sterling halved in less then twenty years. At the rate they are printing now I think ten or even less is feasible in dollars, sterling many others. yen lost 25% since xmas, someone post LTC paid out in YEN Title: Re: Litecoin Price to hit $25? Post by: Its About Sharing on September 22, 2013, 12:10:26 PM Just as a prelim - I think it is dangerous to rely on any one money system (Be it precious metals, Govt. Fiat, cryptocurrency, etc.) We could have a potential central point of "failure" - that can be in many many ways depending on the currency.
I think that if we had a cryptocurrency come out that really was better than Bitcoin, bitcoin would just incorporate it's advantages (if possible). If this is about developing a new money system type (in cryptocurrencies) then we shouldn't really approach this like a pure investor with a "jump ship" sort of mentality, but also look at the government, public and business aspects as well. They are not going to want to jump ship unless something really better comes out and would rather just wait for implementation imo. It basically looks like BTC is pretty close to being all that you need in a cryptocurrency, at least by todays standards, and as we need more we just add to it, rather than replace it. We need a killer app, if another cryptocurrency comes out with one, we follow it's lead. Now, that said, I am sure there will be (and needs to be) more than one cryptocurrency. Having a few cryptocurrencies really can have it's advantages: - It can help to avoid tax in certain situations. Where as moving from cryptocurrenies to regular fiat requires taxes if a profit was made of course (in most situations and countries). (e.g. Germany is cool in that it doesn't charge capital gains on coins held more than one year.) But moving between LTC and BTC does not require a profit/loss statement to be needed. If I'm wrong, please tell me as I'm sitting on a small loss anyway. - Choice is involved. That means power struggles can be more easily mitigated by having options. Less fear of monopolization. We decide on what we want. - Political - It is getting scary regarding the increasingly serious intelligence agency scandal and law breaking. All our eggs in one basket is probably not too smart. A bit of an out for people. As far as a LTC projection. If there are 2X as many LTC's as bitcoins (for the next 5-10 years or so, depending on adoption, some increase in LTC integration following BTC, etc.), then I can imagine that LTC can be anywhere from $5-$30 or so over the next year or so (With BTC between say $100 and $300 - just a somewhat educated guess - hard to know). And it is hard to really make a prediction much beyond a few months anyway. As we really are in the eye of the hurricane with these cryptocurrencies. We are sitting relatively close to the even horizon, and we just can't see past it of course. Cryptocurrencies can potentially have HUGE effects on how we do money in the future. And that affects Governments, Institutions, People, etc. And the synergy between the internet, cryptocurrencies, raising awareness in people, etc. The changing, adding, etc. of these "variables" can have dramatic effects. Do not lose sight of the enormity that we are "sitting" on. At this point, I think putting a small to low percentage of your BTC into LTC and/or other cryptocurrencies is both a nice hedge and investment to make. IAS Title: Re: Litecoin Price to hit $25? Post by: Nerman on September 30, 2017, 03:50:33 AM Sorry but i was just reading old posts ;D.
We all know the price of litecoin today. If i only knew cryptocurrency on year 2013 most likely i am a millionaire today LOL. Title: Re: Litecoin Price to hit $25? Post by: MMysterious on September 30, 2017, 04:19:16 AM Sorry but i was just reading old posts ;D. We all know the price of litecoin today. If i only knew cryptocurrency on year 2013 most likely i am a millionaire today LOL. Same here dude, I would've been so rich right now when I knew the cryptoworld much earlier. But it's never too late though, I still have a couple of Litecoins left in my wallet today and I'm holding on to them for a few more years more. Title: Re: Litecoin Price to hit $25? Post by: iluvbtc on September 30, 2017, 04:21:12 AM AHAHAH, this thread is GOLD, thanks for bumping...
Title: Re: Litecoin Price to hit $25? Post by: rodik888 on September 30, 2017, 05:06:53 AM Sorry but i was just reading old posts ;D. We all know the price of litecoin today. If i only knew cryptocurrency on year 2013 most likely i am a millionaire today LOL. Same here dude, I would've been so rich right now when I knew the cryptoworld much earlier. But it's never too late though, I still have a couple of Litecoins left in my wallet today and I'm holding on to them for a few more years more. Fuck man, same here. I sold the concept of Bitcoins & Blockchain to so many people, but didn't get into it until a few months ago myself. Still no regrets, we're still the under 1.5% of the population who is taking this seriously. Let's wait until mass adoption in the next 10-years ... That 1Btc or 10Ltc will be just $$$$$$$$$$$$$$$$$$$$$$ But then again there's the problem of it going up and essentially the world shifting to crypto currencies which may or may not wipe out FIAT or devaluate it so much no one cares anymore.... ;D Title: Re: Litecoin Price to hit $25? Post by: ukboss on September 30, 2017, 05:35:47 AM Why you thing Litecoin Price to hit only $25? You check before bitcoin history what happened about bitcoin in 2009 and now bitcoin price. No one can told me that how many hit Litecoin in 2018 Litecoin is a Bright future it will be a great change in a short time.
Title: Re: Litecoin Price to hit $25? Post by: TheAndy500 on October 02, 2017, 04:38:01 PM There will be 4x as many Litecoins as there are Bitcoins. Would it stand to reason that the price of Litecoin would ultimately hover somewhere around 1/4 that of Bitcoin? Therefore when Litecoin hits mainstream .... such as the first step - MtGox adding it .... its price may very well hit $25? (1/4 of BTC) Or is that just a bunch of malarchy :) -Burger- People gave more attention to it last weeks so it could go higher... you should look at it and focus on pumps. Title: Re: Litecoin Price to hit $25? Post by: divowok on July 18, 2018, 03:09:59 PM I think ETH has much better potential than LTC personally, I think the demand for ETH hasnt been as high because ICO risk-taking hasnt been quite as present for a little while.
Not sure why though as there are many fantastic ones out there, a few i'm personally looking into are Daostack IO, Muirfield IP, and TIP Blockchain. TIP Blockchain aims to create the most user-friendly and easy to use platform in the cryptocurrency economy, that connects businesses to end users, and removes the technical barriers that users face today when using cryptocurrency. Daostack IO powers decentralized companies, funds and markets to make fast and innovative decisions at scale. Basically an operating system for collective intelligence. Muirfield IP is an opportunistic private equity real estate investment firm leading the effort to reinvent and improve private equity investing through the use of blockchain technology. |
