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the litcoin price rally goes on in the litecoin chart ...
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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.
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 |
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perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP
yes, we know. you bought LTC ;| hope you got good exit strategy Actually don't own many litecoins. I just see that the technical litecoin chart picture looks good and want to let people know. |
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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. |
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perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP
You got it all wrong. Gold collapsing, Bitcoin DOWN, US Dollar UP. 
or:
China collapsing, Europe DOWN, soccer UP |
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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.
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
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.
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 |
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perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP
can't help but notice: >13years experience doing what? |
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perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP
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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.
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
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Bitcoin DOWN and Litecoin UP.
This could be a theme for the next months...
What do you think? Discuss.
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The spike at mtgox is really artificial as people flee this exchange with their bitcoins stuffed into their wallets...
Just look at the bitstamp order book where you see the opposite ...
Everyone is trying to sell
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can someone explain why they should be a money transmitter? Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway. thanks. got it |
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can someone explain why they should be a money transmitter?
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The bitcoin poll is reset. it will be interesting how the bitcoin sentiment looks like now
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having MtGoc accepting LTC may be good, but it is not THE one thing that affects LTC prices. Litecoin prices have and can further explode without MtGox
Yes, but the recent rise is definitely due to MtGox's press release. Same with the last few rises. I wouldn't be surprised if Gox picks up a bunch of Litecoins over on BTC-e before they release the press.
But independently, the technical analysis showed already over the past weeks and days that the next move will be up big time.
I wonder if this could be like bitcoin in Feb - May 2013...
Litecoin 100 $ is not impossible |
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Another boring weekend for BTC.. there are more action at the LTC market now.
Now that's so quiet at BTC... What you guys think is happening at LTC market? Really fast growth, but I'm still not ready to sell yet... It's simple, MtGox says they will accept Litecoin soon, the price rises 1-2 dollars. They fail to deliver, it drops 1-2 dollars. Once it finally is on MtGox, it will do the same. |
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But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.
Sure we can... review the press conference. Every time he mentions downside risk his voice cracks and he looks like he wants to cry. It is written all over his face. The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary. The markets are starting to play chicken with him instead of dutifully following along. Playing chicken?? lol they have been trying to play chicken since 2010 but bears got crushed. You cant mess with the fed.. The feds free money has been propping up the market esp likes of jpm who has infinite spending power. Any idiot would be foolish to think they would let the jig up that wallstreet tries to hide so well. So you believe it is possible to centrally manage an economy? Interesting perspective in the face of historical evidence. And yes, the Fed has been playing chicken with the markets, but now the tables have turned and it is the markets playing with Ben. A central bank or a fed leader can't impact the market indefinitely They will be caught off guard by the market forces |
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