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Title: Litecoin as Bitcoin's quarter. Post by: Porcupine on October 09, 2013, 12:59:20 AM Once all bitcoins and litecoins are mined their value will be proportional to the quantity of coins minted. Since 84M litecoins and 21M bitcoins will be minted, my question is...
Will one litecoin be a quarter of a bitcoin in value?* *Ceteris paribus. Title: Re: Litecoin as Bitcoin's quarter. Post by: webbrowser on October 09, 2013, 01:06:18 AM Once all bitcoins and litecoins are mined their value will be proportional to the quantity of coins minted. No. Title: Re: Litecoin as Bitcoin's quarter. Post by: markjamrobin on October 09, 2013, 01:11:13 AM Once all bitcoins and litecoins are mined their value will be proportional to the quantity of coins minted. No. Only if the market cap of LTC was equal to that of BTC, which will probably never happen. Even if LTC get up there, it will never be exact. Title: Re: Litecoin as Bitcoin's quarter. Post by: foggyb on October 09, 2013, 01:14:56 AM Once all bitcoins and litecoins are mined their value will be proportional to the quantity of coins minted. No. Nope. Title: Re: Litecoin as Bitcoin's quarter. Post by: franky1 on October 09, 2013, 01:22:17 AM even though there is a 4 fold of litecoins to be produced, the value is more based on mining costs and amount of merchants accepting litecoin, which puts litecoin as more of a penny/cent compared to bitcoin..
a few people jokingly last year wanted to make an alt that was just 1 single coin where people were mining for divisions of this coin (saltyspitoon's: communistcoin) so if value was based purely on coins available and not mining costs/usability. this communistcoin would already be worth 2billion. which in reality would never happen. Title: Re: Litecoin as Bitcoin's quarter. Post by: wheatrich on October 09, 2013, 03:50:19 AM a quarter of a bitcoin is still an actual thing. There is no need for litecoin to be that.
Title: Re: Litecoin as Bitcoin's quarter. Post by: kelsey on October 09, 2013, 04:17:24 AM Once all bitcoins and litecoins are mined their value will be proportional to the quantity of coins minted. Since 84M litecoins and 21M bitcoins will be minted, my question is... Will one litecoin be a quarter of a bitcoin in value?* *Ceteris paribus. litecoin (or any alt) could become more valued then bitcoin, if it became more usable as a currency then bitcoin. Title: Re: Litecoin as Bitcoin's quarter. Post by: claycoins on October 09, 2013, 04:28:36 AM demand and supply is the only thing that determines price in a free market.
Title: Re: Litecoin as Bitcoin's quarter. Post by: allthingsluxury on October 09, 2013, 04:30:42 AM The value will be what the free market decides.
Title: Re: Litecoin as Bitcoin's quarter. Post by: Aragami on October 09, 2013, 04:46:05 AM The value will be what the free market decides. Pretty much this. No such thing as "quarter to dollar", whilst it's plenty possible, litecoin isn't relative to bitcoin, simple as that. With the ridiculous hash rate litecoin has, i would find it hard to believe that litecoin would stumble and fall, BTC and LTC are clearly miles ahead of any other coin out there at the moment in terms of network hash rates. BTC simply has more spending options at the moment whereas litecoin is still slowly taking off in terms of places to spend it. Title: Re: Litecoin as Bitcoin's quarter. Post by: cowandtea on October 09, 2013, 05:24:04 AM Once all bitcoins and litecoins are mined their value will be proportional to the quantity of coins minted. Since 84M litecoins and 21M bitcoins will be minted, my question is... Will one litecoin be a quarter of a bitcoin in value?* *Ceteris paribus. Wrong, Bitcoin will still be higher :) Title: Re: Litecoin as Bitcoin's quarter. Post by: DeathProxy on October 09, 2013, 08:22:33 AM Obvious no. The price will be based on demand. It's a free market system.
Title: Re: Litecoin as Bitcoin's quarter. Post by: rbdrbd on October 09, 2013, 08:50:04 PM .25 BTC will be bitcoin's quarter. :)
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