Huobi adds LTC - What does it with BTC?

[safetyfirst]

Hey guys,

- Will Huobi add of LTC affect the BTC value? What do you think?
- What speaks against trading BTC into LTC now to get a piece of the cake (which is hopefully ++ not --)

safetyfirst

[aminorex]

Buy the rumor; sell the news.

[safetyfirst]

Which specifically translates into?

Could you elaborate a little more especially regarding my questions please?

thank you! safetyfirst

edit: I mean the "rumor" did not even add 10% to LTC - you really think huobi will dissapoint so price falls? and after all - what happens to BTC?

[Zapffe]

It will increase the LTC trade volume and will cause it's price to rise. There will probably be a very fast rise,similat to the previous spikes. Over time LTC will gain more traction and it will probably be traded on Bitstamp soon, because Stamp will start losing volume to BTC-E, because of the good arbitrage options between China. Because of the same base source code, it will be simple for all the service companies to adopt it's usage. The future for LTC is probably brigh. In the future, it will be easier to sell LTC then BTC, because it has less criminal history, publicly known creator and scrypt having it's advantages in hash rate growth stability and in not being made by the NSA, that isn't currently an very popular organization.

[Bitdrunk]

It will increase the LTC trade volume and will cause it's price to rise. There will probably be a very fast rise,similat to the previous spikes. Over time LTC will gain more traction and it will probably be traded on Bitstamp soon, because Stamp will start losing volume to BTC-E, because of the good arbitrage options between China. Because of the same base source code, it will be simple for all the service companies to adopt it's usage. The future for LTC is probably brigh. In the future, it will be easier to sell LTC then BTC, because it has less criminal history, publicly known creator and scrypt having it's advantages in hash rate growth stability and in not being made by the NSA, that isn't currently an very popular organization.

lol.  That is all.

[koryu]

we will see increased volume on huobi today and tomorrow, because chinese want fiat for their btcs to trade some ltcs. they will not deposit a lot of new money to purchase ltcs. some will but the most want to trade btc for ltc, and on chinese exchanges there is no direct trading between ltc and btc yet.


am i the only one thinking that it is also the reason why we see a downtrend on huobi today?

[threecats]

Been looking to put a little BTC into LTC on BFX but it's been very illiquid since yesterday, no ups and downs, just a long mexican standoff... even that big dip LTC/USD a few hours ago had no effect.