Bitcoin Forum

Economy => Speculation => Topic started by: Joe200 on November 25, 2013, 09:57:02 PM



Title: LTC/BTC dynamics
Post by: Joe200 on November 25, 2013, 09:57:02 PM
What are the dynamics of LTC/BTC? Especially around peak time for BTC/USD? Earlier this year, LTC/BTC peaked right before BTC/USD. Why?

Mods: This is a post about speculating in both BTC and LTC. Please do not move. :)


Title: Re: LTC/BTC dynamics
Post by: beaconpcguru on November 25, 2013, 10:03:29 PM
People used the rising value of bitcoin to buy litecoin.  The difficulty changed significantly at the time and the rewards on mining had halved as well.  As the price rose, people diversified using their new found wealth.