So a lot of GPU miners these days are saying it's time to jump ship to LTC. They say the pasture is greener over there in LTC land and you can get more profit by exchanging LTC for BTC, than just by mining BTC. Sounds like a plan, but can anyone explain why anyone in their right mind would use their BTC to buy the mined LTC? I mean why would anyone even need to buy LTC, in the first place? Are people really doing this or is it just some legend?
Honest question. Thanks!
Your question is (purposely) wrong, you should take away "mined" as every coin is mined and you can buy LTC with $ on BTC-e.
Some traders follow the trend
Also:
4. Biggest BTC exchange MtGox is going to adopt LTC
and some traders follow the trend. If you hold LTC and believe gox will be a fiasco, it's the best time to convert LTC for BTC, just saying..