Bitcoin Forum

Let's be honest here, most of us missed the Bitcoin boat... it's unlikely it'll go through another insane exponential growth like it has in the past 2 years. But who knows, one can only hope. :(

But does anyone here think Litecoin will have its own exponential growth? Is anyone investing in litecoin? Apparently it's gaining popularity in China and there will be a bigger volume of mining in the coming months.

I'm sort of thinking the same thing, I can either buy bitcoin or litecoin and I think I am going to go for litecoin.

I'm very hopeful but I would like to hear others opinions.

Litecoin already has increased in value exponentially. It was 7 cents in February of this year -- have a look for yourself: http://www.ltc-charts.com/ (I was watching Litecoin back then and foolishly chose not to invest since money was tight!).

I wouldn't place a limit on its future potential :)

Invest into Diamond - DMD  ;D Litecoin is hard to get such a high price

PS: I own several hundred Litecoin already

If Bitcoins take off, then Litecoins probably won't be too far behind in terms of that!  I'd say is very likely!

All cryptos have a long way to go. Invest in LTC, PPC, or NMC and you're sure to get huge returns relatively safely.

I've sold most of my Litecoin, because while I think the price will rise, I don't think that the price will rise in relation to Bitcoins price.

Mainly because I don't see it ever managing to capture more than 10-15 percent of the market for cryptocoins, which when you take in its 4x bigger total coin supply means it'll probably have a maximum value of inbetween 0.02 and 0.04. Note this is pure speculation.

Maybe $ 300 - 400

As you can see, Btc is so variable. So people afraid of coins according to me.

LTC can have 84 mil in circulation, much bigger than BTC. Therefore LTC price can not follow BTC in a long run.

If you want to get a huge gain in altcoins, please invest in another coin (mine is WorldCoin-WDC and especially Diamond-DMD). LTC price is high already. Very high

No one asked if LTC will match BTC, only follow it and I think it can for a long time.

Just last year if you had asked this question, I would have told you that you were aiming way too high. After seeing the ridiculous gains of all the altcoins this past year, though, I'd say you're aiming way too low :P

What time frames are you talking about for litecoin?

Like where will it be by April 2014?
Where will bitcoin be by this time?

Yes Litecoin is v undervalued, once major exchanges implement USD --> LTC we will see $500+

It seems somebody knew LTC market will be extended on Cryptsy. Now you can buy LTC with much higher price if you wish. And your bigger sell will likely cause big fall in price. What about this?

It needs some merchants behind it. It will keep rising as Bitcoin rises and people jump onto the 'next best currency'.

Do I buy it now or wait for the price to drop a little?

You'll get more bang for your buck if you wait until it drops but miss out on far more if it goes up instead of down. Remember to grab some PPC and maybe some NMC too.

I'd buy now. Price has been pretty steady overall.

Thanks, there are sooooo many different types of coins.

I'm thinking of buying now...it was around $41 but now it's at $29... I'm pretty sure it'll at least go back to $41 sometime soon. Mt. Gox is about to open up their platform for people to trade LTC too. And I'm sure Coinbase will open up their service for Litecoin too, maybe not soon but definitely sometime since the creator of Litecoin works at Coinbase. I can exchange one bitcoin for a bunch of LTC right, I think i'll do that today or tomorrow.


You're the 2nd person to mention DMD in this thread... can you tell me more about it or show me where to get info? I think I want to invest in LTC and one or 2 other atl coins too. Namecoin sounds pretty interesting.

Go for one of the up-and-coming ones rather than LTC. Bigger money to be made if you get em whilst they're cheap.

Your saying about MT GOX and coinbase adding LTC soon, how soon do you reckon?

Thanks

Buying at the correction is good idea, but buying in front of the collapse is not. So, answer is not easy. I hope it will not collapse. :)

Which ones are these? Peercoin and Namecoin?


Peercoin - implemented a new idea that addresses some of the concerns that people have with Bitcoin and Litecoin mining not being profitable enough to provide security.

Namecoin - provides a distributed way of creating domain names (similar to "reddit.com" or "google.com") that is decentralized. In the same way other cryptocurrencies decentralize currency, namecoin aims to decentralize domain names.


I feel like bitcoin opened up a world of other opportunities where a lot of good investments and money can be made. I really need to spend more time learning about these alt coins.

This pretty much. I can't see it getting anywhere close to Bitcoin in value without any merchants accepting it. I've heard almost nothing about Litecoin in the media, and even when I have it's only a tiny passing reference.

This is the key question, if we all knew this we would be millionaires!

$1000? Maybe in a very long time. I'd say its very capable to hit 3 figures though.

Nah, take a gamble on one of the cheaper ones. Feathercoin, WorldCoin, Megacoin etc. Do some research and see which one has something that the others can't or don't offer.

Lots of people are talking about quarkcoin and dodgecoin, but am I missing something? What is so special about it?

It stands out because it has the most dumpers and fastest dumping speeds on exchanges.

Mt gox -- maybe soon, i'll have to find the source of where I heard this.

Coinbase -- no idea. I think for now they are focused on bitcoin and making it simple for the common person to use, and this is something bitcoin desperately needs. I think they are gonna wait on litecoin to not confuse people


And that is exactly why I want to invest. If you keep hearing about it, it's likely you missed the boat and missed out on crazy insane returns. Bitcoin is the first cryptocurrency the world has ever seen and the media/public is barely able to understand it as it is. Litecoin and alt coins is a whole another level of confusion. Even people who know how to buy bitcoin might not know how to buy alt coins. When that changes wouldn't the prices rise a lot? And about merchant adoption, litecoin is basically a copy of bitcoin, as bitcoin paves the way for cryptocurrency adoption and builds the infrastructure, it won't be any issue to start accepting litecoin as well. But since right now it at such an early stage is the main reason I would want to invest in it.

I definitely don't want to miss the boat for litecoin

They're just bagholders trying to pimp out and promote coins they got in early with and hold lots of. People missed the BTC train so they want to try get rich quick off a shitty alt, so they just spam about how good it is in the hope the price rises so they can pump and dump their coins.

Bump...

Any more insight on litecoins?