BTC / LTC Does this mean LTC is also stronger than fiat?

[nwbitcoin]

I really can't afford more than a couple of BTC at a time - and I only discovered them a few weeks ago.

However, I can afford a load more LTC.

What I am most interested in is how LTC values against the Dollar.

It just seems to me that the recent spurt in LTC prices was in addition to the bubble that is happening with BTC vs the Dollar.

So does that mean that you get twice the growth by buying LTC?

[Palmdetroit]

there are 300-400 trillion USD is existence (at the minimum)

~15 million LTC currently.

One is infinite the other is not.

quite simple logic would dictate finite crypto>fiat


edit sp

[nwbitcoin]

there are 300-400 trillion USD is existence (at the minimum)

~15 million LTC currently.

One is infinite the other is not.

quite simple logic would dictate finite crypto>fiat


edit sp

Your simple logic is flawed on the basis that the number of USD doesn't really effect its value.  That has more to do with political decisions.  You can devalue a fiat currency without effecting the number of notes in existence.

You also haven't answered my question so I'll simplify it.

By investing in LTC, am I gaining the benefit of both rises in BTC against Fiat, as well as rises of the value of  LTC against BTC?

I think the answer is yes (I even give you an answer!) - I'm just looking at confirmation, which would suggest that a drop is also magnified!

[FuzzyBear]

there are 300-400 trillion USD is existence (at the minimum)

~15 million LTC currently.

One is infinite the other is not.

quite simple logic would dictate finite crypto>fiat


edit sp

Agree with your logic, but the number of finite things need a use or no-one wants them... Ixcoin value?? current gold fall in price??
I think what we have seen with the recent rise in BTC value is down to a number of things, greater adoption, ASIC's, funding, being some obvious ones, but I think it important not to forget that crypto-currency economics is very different to fiat economics and the still recent block reward halving, a key to the deflationary model has only just taken place for the first time ever.  

Its gonna take a while then for the market to realise what the best plays and moves are, and for the currency to find its new true stable value. However of late I think that there has been a different kind of speculation that has then taken off with litecoin. But it should be noted that there have been many price rises and falls on LTC, but it would seem (correct me if i'm wrong) that LTC $ value over time has risen on a general upward trend matching that of btc $... there's a whole load of patterns that can be seen where BTC $ price spike the BTC->LTC price drops as people cash out for BTC to sell for $... but there seems to be a demand in those moments by people who see the opportunity to get cheap LTC for their BTC so keep the price up above a certain threshold. (I think related to the mining potential spread on the network)

But what is the true value of BTC? is BTC a more valuable asset than silver.. and just wait till its worth more than gold... for BTC to do this, I think the case of crypto currencies and the economics behind them will be an undeniable success.  So long as the development continues in a positive fashion i'm failing to see a reason  why the LTC value would not continue to rise as well as its further adoption is taken as well and BTC has a sister currency to prove that all fiats will fall flat on their face.

bah sorry messy ramble of words... working too many hours

[Palmdetroit]

there are 300-400 trillion USD is existence (at the minimum)

~15 million LTC currently.

One is infinite the other is not.

quite simple logic would dictate finite crypto>fiat


edit sp

Your simple logic is flawed on the basis that the number of USD doesn't really effect its value.  That has more to do with political decisions.  You can devalue a fiat currency without effecting the number of notes in existence.

You also haven't answered my question so I'll simplify it.

By investing in LTC, am I gaining the benefit of both rises in BTC against Fiat, as well as rises of the value of  LTC against BTC?

I think the answer is yes (I even give you an answer!) - I'm just looking at confirmation, which would suggest that a drop is also magnified!

Yup we already knew the answer was yes. And of course the 300% gain in LTC yesterday is a good example of just how much leverage LTC affords BTC.  Much more difficult to see 300% in BTC in a day due to market factors.

Gresham's law  "good money" "bad money" is a good start

https://en.wikipedia.org/wiki/Gresham%27s_Law

[ASICSRUS]

there are 300-400 trillion USD is existence (at the minimum)

~15 million LTC currently.

One is infinite the other is not.

quite simple logic would dictate finite crypto>fiat


edit sp

Your simple logic is flawed on the basis that the number of USD doesn't really effect its value.  That has more to do with political decisions.  You can devalue a fiat currency without effecting the number of notes in existence.

You also haven't answered my question so I'll simplify it.

By investing in LTC, am I gaining the benefit of both rises in BTC against Fiat, as well as rises of the value of  LTC against BTC?

I think the answer is yes (I even give you an answer!) - I'm just looking at confirmation, which would suggest that a drop is also magnified!

Yup we already knew the answer was yes. And of course the 300% gain in LTC yesterday is a good example of just how much leverage LTC affords BTC.  Much more difficult to see 300% in BTC in a day due to market factors.

Gresham's law  "good money" "bad money" is a good start

https://en.wikipedia.org/wiki/Gresham%27s_Law

Litecoin price looks like bitcoin last year imo ~ smart money strong hands buying LTC i'm calling .05 - .1 /BTC soon!   *WATCH!*

[Magic8Ball]

Just because BTC took off does not mean LTC will too.

Its worth keeping hold of a few just in case.

[ASICSRUS]

Just because BTC took off does not mean LTC will too.

Its worth keeping hold of a few just in case.

I have no idea bud, i just keep seeing $LTC Litecoin climb!   weeeee

[Wekkel]

In a world of infinite fiat, finite cryptos will always rise, eventually. Nobody was complaining about LTC when BTC hit USD 60 this year. It has just not been hot the last few months. Dont worry, cycles will repeat.