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Author Topic: Why the alt coins aren't reacting to the btc price increase?  (Read 670 times)
johnwhitestar
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February 12, 2013, 11:13:30 PM
 #1

I'm keeping an eye on the alt coins rates as well and I've noticed an interesting thing: there is no substantial fall of the alt coins values against btc, as would be expected, if the recent btc price growth would be real.
Am I missing something in my reasoning?

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nobbynobbynoob
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February 12, 2013, 11:14:23 PM
 #2

Litecoin has held its own versus fiat, though has fallen about a third or more versus bitcoin in the recent bitcoin surge.

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johnwhitestar
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February 12, 2013, 11:19:12 PM
 #3

Litecoin has held its own versus fiat, though has fallen about a third or more versus bitcoin in the recent bitcoin surge.

It's true but it's not comparable to the 100% growth of the BTC price and the price of LTC is inside of the usual range, right?

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nobbynobbynoob
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February 12, 2013, 11:31:03 PM
 #4

That's right. But in recent times, litecoin has at least temporarily outperformed bitcoin, so I'm happy to hold a bit of both. The litecoin economy is still in a fledgling state, in a way that Bitcoin was in 2010/11.

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February 12, 2013, 11:36:16 PM
 #5

People are still in ASIC denial.  The Avalon fiasco only made it worse.

LTC spiked when BTC block rewards halved. 

It will spike again when BTC and LTC difficulty go through the roof and on to the moon.

Long term, LTC will be more viable for small transactions as the BTC processing fees increase.


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February 12, 2013, 11:43:31 PM
 #6

People are still in ASIC denial.  The Avalon fiasco only made it worse.

LTC spiked when BTC block rewards halved. 

It will spike again when BTC and LTC difficulty go through the roof and on to the moon.

Long term, LTC will be more viable for small transactions as the BTC processing fees increase.
No it wouldn't, the fee policy will be reduced to about half a cent every time it gets out of line.
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February 12, 2013, 11:49:02 PM
 #7

Transaction fees demanded by the miners are set by the market, but nobody knows what they will be in future. Even if they typically fall from the present 500 µBTC range to, say, 10 µBTC or so, the purchasing power of BTC may have exploded more than fifty-fold by then. It's something interesting to speculate on, however. Maybe low-fee transactions will only get processed during periods of light transaction traffic, and to get high priority we could still wind up paying upwards of 1 mBTC per transaction, even with an exchange rate of $1000+ per BTC? It's possible.

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February 13, 2013, 12:09:50 AM
 #8

No it wouldn't, the fee policy will be reduced to about half a cent every time it gets out of line.

Half a cent is way too much for true micro/nano commerce.

We're going on the Joule standard, someday your computer will have to do some tiny amount math to pay for services, content, and bandwidth.


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