BTC/LTC - all good?

[Candlepower]

Hi folks, thanks for operating this forum. I have followed the BTC scene since pretty much it started but I wasnt brave enough to put my money where my mouth is (or was) and as such, have missed the boat...Oh well, the next thing that interests me is Litecoin - I see it as Bitcoin = Gold, Litecoin = Silver, as a real-world analogy.

I have a few questions to do with mining but I won't put them here, I'll wait for the newbie restriction to be lifted then post in the relevant sub-forum. I know the forum is the 'Bitcoin' forum but I'm guessing its OK to talk about them both?

Thanks again

Candlepower

[PenAndPaper]

Oh well, the next thing that interests me is Litecoin - I see it as Bitcoin = Gold, Litecoin = Silver

Well this is how its developers promoted it in the first place and price seems to follow bitcoin quite well but i don't see any other value for litecoin except speculation.

That being said with a price of more than 10$/ltc it is great for mining!

[Birdy]

Litecoin is merely a copycoin, it doesn't provide any significant advantage.
Can you make money with it? Certainly. But it's way more risky and speculative than Bitcoin.

[Candlepower]

Oh well, the next thing that interests me is Litecoin - I see it as Bitcoin = Gold, Litecoin = Silver

Well this is how its developers promoted it in the first place and price seems to follow bitcoin quite well but i don't see any other value for litecoin except speculation.

That being said with a price of more than 10$/ltc it is great for mining!

I didnt realise thats actually what the plan was - thats interesting.

And as for mining, yup, I see it as good for speculation and also to learn about the hardware etc involved. Cheers for the reply.