Bitcoin Forum

Bitcoin DOWN and Litecoin UP.
This could be a theme for the next months...

What do you think? Discuss.

Brought to you by your new Litecoin shill. ;D

I don't think so. I see it being Bitcoin DOWN and Litecoin DOWN (versus the dollar).

Ditto.

Last LTC/BTC trade: 0.02732 BTC

*4 (total future money supply of Bitcoin's) = 0.10928. Over 10% valuation of Litecoin versus Bitcoin? I wouldn't even be willing to bet on that if I granted Litecoin a "backup" or "silver" function since that would be at a much lower valuation. Anyone buying at current levels for anything a little more longer term is betting on Litecoin dethroning Bitcoin as "#1 Digital Cash/Gold". Is the probability for that better than 10%? Very doubtful.

Sorry, will not support scam-coins. ( alt-coin ? ... same as blockchain fork to me, I will stay on longer chain )

fundamentally this might not make so much sense, but markets are irrational, and this is why Litecoins could eventually rise to crazy levels - based on the technical chart picture

Oh that's cute the Blue GuyPapa Smurf gonna pump & dump LTC. ;D

Sure, I would never argue that. :)

Personally though, I like having fundamentals and technicals align. I made some Bitcoins off Namecoin once, and somehow I just closed the "altcoin" chapter a long time ago as I firmly believe that no proof of work based coin can overtake Bitcoin.

they are positively correlated, I doubt so.

fair point. overtaking will be difficult, but getting closer is possible

by the way, there has just been a new guardian article published about alt digital currencies
http://www.guardian.co.uk/technology/2013/jun/25/bitcoin-successors-litecoin-freicoin (http://www.guardian.co.uk/technology/2013/jun/25/bitcoin-successors-litecoin-freicoin)

The rise of perception of altcoins is certainly something I foresee being a sentimental driver in the Bitcoin bear market, along with legal stuff and maybe debates over blocksize limit.

It's going to be a complete disaster, and I'm looking forward to it. ;D

I have been very anti litecoin thinking there is really only space for one crypto currency and litecoin would die due to redundancy. I am less convinced if this now because litecoin could be used in tandem with bitcoin to complement it. If micro transactions are bloating the chain they could be pushed to litecoin and the bitcoin chain could be freed for heavy lifting.

That same problem would occur on Litecoin then and you'd have to move on to Feathercoin and then to another scamcoin.

Litecoin would be the absolute LEAST scammy of the alt-coins and the blockchain is 50% longer (http://ltc.block-explorer.com/)  :P


Really, this is only because of Gox bringing LTC trading to their site, so it's a speculative bump. They say in July, but I would wager a guess that something will delay it further. Typically LTC/USD follows BTC/USD while LTC/BTC would have an obvious inverse correlation

Namecoin actually provides an innovative use case, and not if you weight by difficulty, which is how cryptocurrencies judge chain length.


People who buy on news like this always make me wonder about our survival as a species.

I can agree with this, but NMC isn't really considered a "currency", so I left that one out.
I'm not even sure how one would compare the difficulty of the two, but LTC difficulty is still very high for a scrypt coin.

Litecoin was conceived as silver to Bitcoin's gold by design. I actually would expect a variation of the LTC/BTC price over time in many ways comparable to that of silver/gold. I actually would also expect a high degree of correlation between LTC and BTC over time when compared to USD, EUR, CAD etc.  Is it possible to trade LTC/BTC profitably. Of course just like silver/gold. As for charts the chart that I find the most interesting over time is LTC/BTC rather than LTC/USD.

I agree, at first I have been very focused on LTC/USD but for the past weeks I have shifted my attention more to the LTC/BTC price more.

One another note the BTC/LTC debate of the 21st century resembles in many ways the bimetallism (gold/silver) debates of the 19th century  http://en.wikipedia.org/wiki/Bimetallism (http://en.wikipedia.org/wiki/Bimetallism)

both tied down because of UP USD.
LTC probably has more individual miners then BTC at the moment considering asics.
if asics decide to offload their huge BTC reserves and hedge their capital with LTC we could see some significant changes.

it makes a lot of sense to monitor the LTC/BTC ratio, similar to the Silver/Gold ratio

That! Namecoin. It is a decentralized basis DNS, and works together with the BTC and does not compete with him. That's what I keep part of my investment portfolio. All the rest - parasitism, similar fungi on trees. IMHO :-\

Are there any good resources to investigate this?

I totally agree.  NMC are surely the most interesting alt-coin, and right now a lot of development is going on in the community (after no development happened for a long time).

gold > silver > NMC > BTC/LTC

I have to admit OP I love the title of the thread.

 :P

Litecoin does not have to dethrone Bitcoin in order to be successful. Silver didnt have to dethrone gold to be successful and recognized right?

This is true
Long term speaking , both, bitcoin and litecoin are in uptrends

I really don't like Litecoin that much, it seems to me that it serves to miners only. I don't like the name. From marketing point of view it is a weak Bitcoin so there is no way it will even touch bigger fraction of the BTC price.

I had around 200 Litecoins - bad investment, I've sold them with little loss two days before thanks to a bubble which has developed now. Becaus MtGox said it will implement LTC or I don't know.

Anytime there is a market space and there is only 1 option, there will be more....resistance is futile   :P

Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..

Of course it is! Much like Bitcoin when it was $2-3... Bitcoin still is, though it is a much more costly operation now.

Wait .. soon early adopters start to dump 18,871,750 scam-coins :-)

Bitcoin went through the same phase.

Litecoin trading on Gox may end up the other way in terms of pricing.With massive coin supply, hoarders dream of $5-$10 coins and everyone looking for quick profits , investors might get turned off seeing the amount of coins on offer...

+1

It's remarkable how similar the trajectories of bitcoin and litecoin are... even down to the criticisms of litecoins from the incumbent (bitcoin) community...

There was not 18M BTC when Gox starts trading them. (a lot of BTC was lost when early miners though they are useless .. what about Litecoin ?)

The # is arbitrary. To say that there is more litecoins than bitcoins does not prove much other than that the expect price should be LTC < BTC. Another moot point.

I really don't understand the comparisons of Litecoin to silver, they aren't even apples to oranges. It is more like apples to EVE isk.

Seriously, there are no significant distinctions between the two currencies. The only real difference is the network effect(it is money because people say it is etc.). Bitcoin has the crowd and Litecoin doesn't, simple as that.

Now Freicoin on the other hand has a very innovative approach. The only thing I don't like about Freicoin is that it is pre seeded to the devs. Inflationary innovation or no, no one will jump on board with that kind of nonsense.

Silver is an entirely different element with different properties! It has industrial purposes! How does that mean Litecoin has a place with bitcoin!?

If anything, Freicoin would be the silver to bitcoin's gold. An inflationary currency next to a deflationary one.

the litcoin price rally goes on in the litecoin chart ...

Fontas pump planning going on.
https://bitcointalk.org/index.php?topic=245088.0 (https://bitcointalk.org/index.php?topic=245088.0)

I dont presume my physical litecoins had any affect on the price no?  ;D

I have to agree with you somewhat. Unless Litecoin corners some market where it can be used instead of bitcoin it will never become valuable. We are still in the infancy of cryptocurrency so who knows what the future holds. If some large online business or social group decide to use only litecoin then it becomes established as an asset.

As for the other alt coins, they seem to be more of a pump and dump scheme.

This often happens when Bitcoin is not doing well, Litecoins value will never stray to far from Bitcoins.

http://s17.postimg.org/ffrc65m67/fontas_bann.jpg


 ???  ???  ???

litecoin continues to outperform bitcoin

maybe you've heard of Atlantis? If not,

the more you know...

the dollar is being pumped by the fed you guys realize that right?

Wot  ? FED investing in bitcoins ? hahaha

"Printed" money is actually debt and must be repaid with interest.  You realize that right?

I have heard of Atlantis and that's a good start. I am not sure how large of a market it is. If it was there would have been a huge rise in the price of LTC.

Due to popular demand Atlantis had to add Bitcoin as a payment option. Litecoin doesn't offer anything unless you're a miner who loves the smell of burning GPUs or you hold a load of LTC .

Except those transfers that take about 45 minutes less , that's kind of a nice feature. It isn't close to SR in terms of total numbers of sales but comparative to where SR was at in the same amount of time it is doing better. Albeit, it came out after SR made that type of website popular, but Facebook came out after Myspace and look how that turned out.

Not if the loans get extended ad infinitum and requested interest is lower than the true inflation rate ...

LTC/BTC = .0338

  8)

0.0345  :D

Capital not only out of BTC as in 2011 but actually big part of it IN competitive coins...
Interesting times ahead...

Some people are not running to fiat...yes times have changed.

Cryptos ecosystem is IT in Fast Forward and Economy 100x FF combined...
Only really agile and adaptive people will survive.

+10000