What will Litecoins be worth in a year or two?

[psybits]

Well I only discovered bitcoins the other day and I really think this movement has an extremely bright future (it's the future of money in so many ways - perhaps the biggest one being it enables us to generate money and trade money outside the archaic decaying governments and banks as human beings once again and not as "consumers" or "customers" or even "good little worker bees").

What do you guys think about Litecoins? They've been around for about a year and at the moment it's about 130 LTC to BTC but I think they will become worth much, much more over the next year - what do you guys think?

[1714949328]

1714949328

[nobbynobbynoob]

I don't really know TBH. What can you buy directly with LTC without first having to exchange to another currency?

I should've bought more LTC when they were almost 400 per BTC, but I'd like the price to fall further back before considering another purchase. I think the current price is driven totally by speculation, unlike BTC where the price is driven by real demand in a real and productive global economy.

Just my 2000 satoshi or so worth, though.

[wtfvanity]

What will tenebrix or one of the other now defunct alternate crypto currencies be worth in a year or two? Probably nothing like they are today. These are experiments of experiments. Good points in the post above. What can you use them for besides currency trade? There's a lot that bitcoin can be used for.

[psybits]

Yeah this is true - I'm going to be accepting Bitcoin and Litecoin at a few online projects soon because I really want to help the Litecoin economy as well. There is a real lack of places accepting it at the moment but with the BTC price constantly rising at the moment (and the block halving) it might become a better option for some people just because it is cheaper. The poor mans BTC if you like.

At this stage LTC can be traded for USD, other currencies and BTC so the fact it can be traded for USD means people are attributing a real value to it which is pretty awesome. So I suppose people are already attributing it with a real value but yes I agree it needs to be able to be directly exchanged for goods and services as well and I believe more people should be doing this (accepting Litecoin) if they really believe in the future of cryptocurrencies.

With 80 000 000 being in circulation in an ideal world LTC should stabilise (or keep climbing in relation to USD price) at one quarter of the price of BTC right? It has only been a year so maybe like BTC it could be a big year ahead for its second

Did the other failed cryptocurrencies also have about 80 000 000 to be released? I.e did they fit in logically with how BTC was conceived and to complement BTC as a currency to have four times as much in circulation as BTC?

[Forexcoins]

Here some nice charts for Litecoins:

http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-btc&market=btc-e

[SgtSpike]

...it might become a better option for some people just because it is cheaper. The poor mans BTC if you like.

This is a strange statement to make.  How is it cheaper for someone to send 200 LTC instead of 1 BTC?  Or 2 LTC instead of 0.01 BTC?

That said, I don't think LTC has any future, because it isn't different enough from Bitcoin.  But I've held on to a couple hundred LTC just in case.

[marnie]

That said, I don't think LTC has any future, because it isn't different enough from Bitcoin.  But I've held on to a couple hundred LTC just in case.

Agree. People are going to jump on it thinking it's going to go up like BTC, and it'll fizzle out.

[drakahn]

about tree fiddy

[geniusboy91]

Can someone explain Litecoins and their difference from Bitcoins?

[btcards]

litecoins are a joke.

[Dr. McKay]

Can someone explain Litecoins and their difference from Bitcoins?

Litecoins aim to be "the silver to Bitcoin's gold", but there's no real need for them. Bitcoins are already divisible down to 8 decimal places. There's no real danger of Bitcoins being "too big" a unit of currency.

Honestly, I don't think Litecoin will go anywhere since it's essentially just Bitcoin but a different network.

[psybits]

...it might become a better option for some people just because it is cheaper. The poor mans BTC if you like.

This is a strange statement to make.  How is it cheaper for someone to send 200 LTC instead of 1 BTC?  Or 2 LTC instead of 0.01 BTC?

That said, I don't think LTC has any future, because it isn't different enough from Bitcoin.  But I've held on to a couple hundred LTC just in case.

Yes, this is true. What I mean is that as Bitcoin is now the most expensive currency in the world by far (crypto or otherwise) and there is obviously a very high demand for it surely there is room in the cryptocurrency ecology for another currency like Litecoin?

Ultimately it is up to us to start projects which accept Litecoins as payment and also spread the distribution Litecoins into the crypto economy to raise their price.

Instead of observing and holding onto their Litecoin, people should be using their Litecoin to stimulate the Litecoin economy and doing things themselves which will stimulate LTC. It is still so small that anyone can make a difference.

I'm just getting started but any LTC donations gratefully accepted to help me get started on some LTC projects!

LTC LQ5E526EFy5TqBV5y3K4w54bakVVZUNgrA

[SgtSpike]

Just thought of something.  With the recent unconfirmed transaction reversal scheme that someone was able to do vs satoshidice, essentially forcing sites like that to wait for 1 confirmation before even telling the player whether they won or not, wouldn't Litecoin carry an advantage with the 2-minute-blocks setup?  I think that advantage just became marginally more significant.

[psybits]

I think a lot of people aren't realising it is up to US to give these things a higher value, just like with BTC.

We are not observers in this new economy, but participators. It is not like the economy we are all accustomed too, but so many of you bring the same old mindset to this new world we are creating.

Anyone can make a difference and if just one person started a significant project this could raise the price significantly (a good idea if you're sitting on a hoard of them).

Me, I want to to do it for idealistic reasons, because I believe cryptocurrencies are the future

[Lab_Rat]

A major bonus of Litecoins is the fact that transactions confirm so much faster.  That alone will add to the value of them.

[TooCasual]

I personally think the other crypto currencies will bolster the BTC economy.  Wide spread acceptance in all the currencies will be much stronger and diverse than a solo type entity.  I would think the strong sub crypto like LTC (Litecoin) and PPcoin will have greater value in the future.

Once the rest of the world catches on with the beauty and somewhat simplicity of these currencies (although the technical understanding for them can be very daunting).  The values of these currencies will skyrocket.

It will just take a few more major players (like Wordpress, etc) to jump on board... and then see the BTC etc rates on the news channels and the exchanges.

The way the internet was the infinite change to information solicitation - Cypto online currencies will dominate the "old world" physical currencies.

Think of the poorer countries with their currency which is either decimated or valueless...  The world controlled BTC and its bit brothers will be a serious consideration for those affected.

Its the dawn of a new beginning.... Very exciting to see the birth and realization of it.

TooCas.

[Killer19]

People said ltc would never be worth more than .02$ a few months ago; all I'm gonna say for now.

[Lab_Rat]

People said ltc would never be worth more than .02$ a few months ago; all I'm gonna say for now.

Excited for the day they hit $1.  I'm sitting on a little pile of LTC.

[psybits]

Its the dawn of a new beginning.... Very exciting to see the birth and realization of it.

TooCas.

Word. You involved in any online projects at the moment involving Bitcoin, Litecoin etc?

[Blazr]

I'm guessing around $0.00, maybe even into the negative.