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If Bitcoin makes it big, there will also be a place for altcoins. In the near future, Litecoin could benefit from increased inflow of funds (e.g., a MtGox event) that could move the ratio temporarily to 0.1 BTC/LTC. People will jump on the wagon once a move starts. Its all about timing and patience.
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There will be room for altcoins in the future. BTC has the focus now, but I remember the sudden interes in altcoins in March 2013. It will happen again. Just hold for the longest time.
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All of this could have been said a year ago as well and probably the next few years too. Its simply a gamble, both litecoin and bitcoin. If OP has a time window in mind, I could relate to it. If not, its just taking one of the sides in the long term (highly successful or dead). Just imagine what will have become of bitcoin if litecoin would die.......
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"I'm a long-term investor."
Yes MA'AM  It's still either a hit or a big miss, just like Bitcoin. Never venture, never gain. |
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I love posts about the death of a coin. Indicates much fun ahead the next year.
Holding on to my LTC.
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I think $1,000 will come sooner than later. More interesting question is, when one BTC costs $1,000+ USD, how much will LTC worth?
Most likely around $2, why should LTC be worth more just because BTC is ?  Most likely $20, because the LTC/BTC ratio will probably stay the same. |
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Am I correct in understanding that the median price according to the projection has decreased the last week (now more around $100 than $160+)?
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This could last up to Friday.
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I fathom a scenario whereby LTC will skyrocket on Gox, BTC suffers as a result thereof after which LTC will crash and burn, never to fully recover to the peak for a long time. Btc will recover quickly. The only assignment is to play it well. 1. Have cash at Gox. 2. Keep your LTC ready. 3. Throw it all in LTC when it hits Gox. 4. Get out in time and go into BTC. Multipliers awaiting us  |
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A coin cap does not lead to price stability. People's preferences change over time, also in respect of their preference to hold money or not. Price stability is not what you necessarily should be looking for.
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Well it is all gone now, the owner of that wall sold the last 600 down to 143.
Still wont go down. Gentlemen, place your bets |
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Meanwhile, no jump...  that's a real bad sign. The last two mega whale buys put us up $10 which lasted until another mega buy. No big dumps ultimately means up for Bitcoin, even if it takes weeks/months. |
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Meanwhile, no jump... |
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markets all around are strong, we are just about ready for the JUMP that most here won't believe because they are speculators, even the most bullish speculators will soon sell, stash it away!
Epic jump of 13 points? |
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I don't see very large buys on those screenies.
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1 hour indicators have cooled. Whale may step in between now and a day.
Do you think the whale has been following the 1hr chart more? I don't know, but looking in the recent past, whales stepped in when the 1/2 hour indicators had cooled down or went slightly negative. This is the hardest part of waiting. |
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1 hour indicators have cooled. Whale may step in between now and a day.
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Look at Ask Sum before August 2012 and April 2013 crashes:
Still plenty of room for a spike UP Yea, but ask sum below 50k is risky territory. I don't doubt possibility of rapid price spike up, but a mega crash will surely follow. As long as the spike touches my sell orders, I will be happy. |
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Look at Ask Sum before August 2012 and April 2013 crashes:
Still plenty of room for a spike UP |
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History of bitcoin price tell us that, it will hit $1000 any day. But not soon.
It's still a beta. it works and for the foreseeable future, it's leading. |
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