Bitcoin Forum

3/19/14 Litecoin meets Huobi (largest exchange).
Already on Btcchina and Charles Lee (litecoin creator works at coinbase).

Bitcoin is in a little slump right now, but it is much more widely used (compared to litecoin).
If Litecoin soon gets coinbase etc, which would be a better long term investment.

Example:
If Bitcoin is 650+ (lets just say) and projected $2,000+ by december 2014
and if Litecoin is 17+ and goes to 50+ by december 2014, wouldn't it make more sense to go with Litecoin?

Bitcoin is more easier to send (more buyers) but Litecoin could soon be prominent.

Thoughts appreciated

There are several ALTs with better features and or volume than LTC.  I just can't see without developments in the coins features and benefits in regards to competing alts that extra market exposure is going to help LTC volume maintain this short term lead for the rest of the year.

I think that both of them aren't good long term investments.
When you are investing into something, that only holds value by it's holders not selling, then you're a fool to trust your money to stay there without constant supervision.

LTC currently has more potential, because of opening new markets, better history and better technical properties. It's much easier to create a new boom with LTC then BTC, thats name has been smeared by all the fiascoes.
Just remember to keep your eye on the development of the markets and the movements it causes. This isn't like 2013 anymore where you could just buy and hold. 2013 was the turning point where cryptos moved from "magical internet play money to buy drugs" to more serious financial fields. Now things are more complex and you have to consider more factors then just drawing lines on the graphs and expecting that the next year will be the same as previous.

Which alts are your referring to?  What are your thoughts on ethereum and is 1000 ethers for 1 btc a good deal when they come out?

Litecoin has zero general public recognition.  Absolutely zero.  Every week there are articles in the mainstream media about bitcoin but I never see litecoin mentioned in any of them.  Litecoin is an after thought in this market.  Dogecoin is a joke that its supporters don't quite get yet, but at least that received plenty of positive coverage over the past couple of months.  The other alt coins are just pump and dump schemes.

I've read many people on this forum see bitcoin as being 'gold' while litecoin is 'silver'.  Just because gold and silver exist in the physical world doesn't mean anything like it has to exist in virtual commodities.

This is why I have not considered getting some litecoin.  Bitcoin on the other hand is "more established".

But I am still torn because tomorrow Huobi starts trading litecoin and litecoin creator works at coinbase and there is potential there.

Maybe Litecoin might see 50+ this year and then I might get behind (especially if it goes on coinbase)

What most bitcoiners don't understand, is that the network effect or starter advantages only apply with certain products or services, where bitcoin doesn't fall under.
For instance facebook or coca-cola are highly dependent on the network effect and starter advantages. With products that aren't very important to people, then people don't think through what will they buy/use. They will buy/use whatever comes up first.
Cryptos in another hand are simulations of money. And people who have money, treat money mostly as serious as cancer. Meaning that they care if there are advantages in their wealth safety or transaction speeds. They won't just stick around with bitcoin because they are too lazy to switch products. People only continue to use products or services by habbit, that they don't care about much.

IMO you should own:

BTC
LTC
PPC
DOGE

I think a good portfolio is:

BTC
Altcoin (BTC FORK)
Mastercoin or Counterparty
Ethereum

Open Transactions will add the cherry on top once it releases.

what re you saying , litecoin 24 hour volume is 12 million , no other ALTcoin even comes close.

I agree.  Doge is 1 million+ (not near LTC)
and LTC surpassed BTC in volume a few days ago (i think its was like 5 mill and btc was 4 million or something)

I still sticked to
75% BTC
25% Ð

Bitcoin is for serious business.

Doge has a nice relationship with the media and a huge potencial for marketing/tip system. But one thing that really got my attention is about the coin inflation and the time that scrypt asics will hit the market in the end of 2014 at this time almost all doges will be already mined.

About media relationship here's goes a example.:

I'd love to play play minecraft with my son, another day I just saw a doge mod ... and my nine years old got his first crypto money just because he was playing minecraft in a dogecoin server.

skydoesminecraft dogecoin
https://www.youtube.com/watch?v=AfPXLRz0RSs

Yea the viper (and other) scrypt miners should be interesting when they hit the market (I think some coming out end of q2 (june 30)

I wonder if it would make the price of scrypt coins go up (and raise difficulty etc)

Is it real ?

MAT’s EXCALIBUR ASIC Scrypt Miner offers 50 MH/s  for € 4,999
http://www.cryptocoinsnews.com/2014/02/24/mining-asics-technologies-bv-mat-announces-6ths-titanium-asic-bitcoin-miner-and-scrypt-asic-miner/

I do not know about that link you posted.  Seems to good to be true :/

Bitcoin is the only viable cryptocurrency.

http://themisescircle.org/blog/2014/03/14/the-coming-demise-of-the-altcoins/

http://themisescircle.org/blog/2013/08/22/the-problem-with-altcoins/

I would tend to agree, we have had a bit of a crypto-fad based upon late adopters wanting to emulate the 'success' of Bitcoin, but with most of them amounting to nothing but pump n dump schemes. From what I can tell, 99% of them will have proven bad investments for the majority of people who invested in them. Aside from opening pump n dump phases, nearly all of them are trading down against Bitcoin, which itself is down. Fads come and go. Alt-coin fad has come, now is as good a time as any for it to go. Fuck You Bill Still and those 3500 Quark I bought on the strength of your recommendation at the height of the mania........was making so much money at the time, I didn't give a shit whether I lost or won with them, but now, I would rather have my 0.5 BTC back, which has itself halved in value since then.

Recently however, for about the first time I can remember, Bitcoin and Litecoin have went in opposite directions. Fuck all the other alt-coins. If there is another viable alternative at this point in time it is Litecoin and perhaps Litecoin is going in completely different direction from Bitcoin at the moment because Litecoin hasn't had all the corruption and theft that Bitcoin has suffered and perhaps most crucially, There isn't anyone sitting out there with hundreds of thousands of stolen or seized Litecoins, looking for good opportunities to dump them on the market?

I find that LocalBitcoins can be a good acid test for demand in the real non trading economy and from what I can see, the UK traders are cutting their own throats right now. 2%-3% premiums over Stamp. Considering that most UK based people have to pay 3% - 5% premium to convert GBP into a currency that can be used on an exchange, this tells me that there is a huge supply of Bitcoin in off exchange economy and not too much demand. Again, in a market saturated with stolen coins trying to cash out without being detected as stolen coins, this is the sort of scenario that I would imagine with LocalBitcoins, and a scenario that could go on for a very long time, as traders slowly scrape some very thin slices of arbitrage from a steady leakage of stolen Bitcoin looking to convert into Fiat.

Litecoin is going into different direction because it is right in the middle of news driven pump, same as ones we saw like 5 times with LTC to Gox rumours.

LTC going from 0.025 to 0.035 and back is as usual as sun in the summer.

Nothing is breaking, it's not first or last time LTC is having pump due to some news. There were several pumps like this one before due to Gox rumors, LTC going to Huobi means nothing really except it's good excuse for pump.

LTC had just 2 huge pumps and both were in time of BTC bubbles when lot of NEW money entered crypto world.

buy litecoin now or cry later.

rofl thats some funny mod! 

this.

but i must say, my target was 0.03 like i posted some days ago, but i am not sure if i really sell now :D
i think i keep 50% ltc (for a bit longer), actually i am 100% ltc.

Think I will just abide.. never gonna buy Litecoin no joke

Litecoin continues to go up but the volume is dropping away rapidly.

Now, and I mean RIGHT NOW, is a time to sell LTC, not to buy. Longer term, I have no idea, but looking at the short term charts right now, LTC is a definite sell.

yup sell right before it hit the worlds biggest exchange , you know how to make money bro


then you'll buy toliet paper to wipe the tears when you wake up 1 day and see litecoin over $100 and your shitty scamcoin is dead.

Like I said this is a short term lead.. Doge volume passes LTC most the time

hahah , keep spreading false info

Its BTC-e up in here right! Buy Buy all the shitty LTC its silver man!

Buy the rumor sell on the the news.

Or as do as LTC fanatics do just, grub grub grub all the grimin silver LTC

litecoin is a nice deal at the moment.
13 hours til huobi adds ltc :D http://countingdownto.com/countdown/huobi-ltc-moon-landing-2014-03-19-countdown-clock

ofc there will be a pump and dump incoming, so sell at the right moment but if you miss it you can hold til asics will push the price again next months.

so not much to lose with ltc right now imo.

I agree this will be a reason for a pump as we can see clearly on the charts.. Also the next doge halving is right around the corner too.  So get the most crypto ya can kids,  next time we play big bank takes little bank!

I got mixed reactions, do people suggest (others to buy litecoin or not)?

[Some say Huobi is just a pump, some say LTC will get acquired by new exchanges]

What suggestions would you have (for someone like me)?

I recommended to buy already about a week ago.

a) All cryptos are just pumps. Those win most who understand the pumps.
b) Opening at new markets, that have large volume, is THE thing that brings value to cryptos.

No doubt that the future is for Bitcoin , so if you look forward you can see that btc is a good long term investment as it's bigger and it has been existing longer. As for LitcoinI can tell that it's quite wise to have some investments in litecoins, as it's always better to have alternative investments

why are you talking about dogecoin here , go to the alt section with all the losers and talk about it there .


dogecoin got forked 3 times in 3 months , that coin is horrible and the price reflects that .


troll will tell you anything to try and convince you not to buy litecoin and buy clonecoins instead.