LTC up to $1

[sublime5447]

Didnt read all of the responses i just wanted to add that I know how to make litecoins go to a dollar. I would love to help do it. The way to get lite coin to a dollars is to put it in the hands of as many bitcoin cleint holders as possiable. As soon as it gets some value behind it sites will start taking it. I am pretty sure that I can sell litecoins to the people who buy from me. I am going to give it a try. as soon as I get some.   

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[Mjbmonetarymetals]

Is it likely that initially litecoin will have a bubble similar to Bitcoin, which will be mostly speculation.

I know btc can be easily traded for LTC and vice versa on btc-e, but is it possible that a stand alone wallet could do a conversion on the fly between btc-ltc allowing the user to chose dynamically whats in there wallet like having only LTC but being able to pay for btc products/services saving the merchants from having to price in both BTC/LTC.

[Rawted]

*sees thread title for the first time*
*almost poops with excitement*
*runs to check btc-e*
*hangs head in disappointment*

Damn you and your misguiding thread titles!

[smoothie]

*sees thread title for the first time*
*almost poops with excitement*
*runs to check btc-e*
*hangs head in disappointment*

Damn you and your misguiding thread titles!

*Smoothie laughs in entertainment* 

[Liquid]

*sees thread title for the first time*
*almost poops with excitement*
*runs to check btc-e*
*hangs head in disappointment*

Damn you and your misguiding thread titles!

*Smoothie laughs in entertainment* 

lol

[wallet.dat]

LTC is going to certainly need to raise in value in order to remain profitable to miners.  It'd be stupid to have a quad GPU rig mining $.80 worth of LTC.

[ThickAsThieves]

Invest in SatoshiDice: https://www.litecoinglobal.com/security/S.DICE-PT

Then when they pay dividends every month, they get converted from BTC to LTC, thus lifting up LTC further.

As long as there are enough long-term investors, and SDICE does well, everyone stays happy.

[sublime5447]

if bitpay integrated it, then suddenly tons of sites including Wordpress would be accepting LTC.

If anyone created a payment processor that accepts LTC in exchange for fiat into a merchant's bank account Litecoin would be no longer "just another alt coin".

I do this. You can sell me litecoin for paypal and get cash. I started a litcoin friends page of facebook. If you like our page and send your wallet address I will give you a free litecoin. Because of the price volatility of bitcoin i do not feel safe holding large quantities of btc. I am going to look into litcoin as a method for my customers to get btc. If the prices is more stable or rising at a more believable rate I think I am going to hold litecoins and let my customers buy them and convert to btc. Just a thought right now but i am going to look into it more. I am not buying any btc at these prices I believe it is over valued and due for a major correction. I am not sure what is going to happen to ltc when btc tanks but will be watching. 

[smoothie]

if bitpay integrated it, then suddenly tons of sites including Wordpress would be accepting LTC.

If anyone created a payment processor that accepts LTC in exchange for fiat into a merchant's bank account Litecoin would be no longer "just another alt coin".

I do this. You can sell me litecoin for paypal and get cash. I started a litcoin friends page of facebook. If you like our page and send your wallet address I will give you a free litecoin. Because of the price volatility of bitcoin i do not feel safe holding large quantities of btc. I am going to look into litcoin as a method for my customers to get btc. If the prices is more stable or rising at a more believable rate I think I am going to hold litecoins and let my customers buy them and convert to btc. Just a thought right now but i am going to look into it more. I am not buying any btc at these prices I believe it is over valued and due for a major correction. I am not sure what is going to happen to ltc when btc tanks but will be watching. 

Payment processor = Merchant signs up with you, customers go to their site and pay with LTC, you convert the LTC to fiat and deposit into merchant's bank account.

[abbyd]

I agree that merchant LTC acceptance is important because then LTC becomes a CURRENCY, not a HEDGE.

However, for the LTC/$fiat$ exchange rate to rise, you need a reliable LTC/$fiat$ EXCHANGE!

BTC-E buys/sells, but you have to go thru some insane process that looks like it involves losing around 20% in transaction fees, if not losing you cash outright...

[chris200x9]

Just so you know LTC is already up to $37 http://www.google.com/finance?q=NYSE:LTC

[Otoh]

Just so you know LTC is already up to $37 http://www.google.com/finance?q=NYSE:LTC

LOL while BTC is up to only $3.08 http://www.google.com/finance?q=NYSE%3ABTC&ei=4RsYUYDuBceXwQPYLQ

Though they're both doing very well year to date.

[abbyd]

Just so you know LTC is already up to $37 http://www.google.com/finance?q=NYSE:LTC

fine, as long as it doesn't do what LTCM did:

[baggyp]

*crosses fingers*

[smoothie]

Litecoin will hit $1.

It's not a matter of if, but when...sooner or later.

I say sometime in the near future.

[EskimoBob]

Litecoin will hit $1.

It's not a matter of if, but when...sooner or later.

I say sometime in the near future.

Why?

[smoothie]

Litecoin will hit $1.

It's not a matter of if, but when...sooner or later.

I say sometime in the near future.

Why?

You will find out soon enough.

[EskimoBob]

Litecoin will hit $1.

It's not a matter of if, but when...sooner or later.

I say sometime in the near future.

Why?

You will find out soon enough.

LOL. What you are actually saying is you have no idea. 

[smoothie]

Litecoin will hit $1.

It's not a matter of if, but when...sooner or later.

I say sometime in the near future.

Why?

You will find out soon enough.

LOL. What you are actually saying is you have no idea. 

What you are actually saying is you have no idea when you say "why?".

ROFL

[smoothie]

on the cusp of $1...thought a bump would be appropriate.

2 months ago we were at $0.075