LTC Wall Observer - BTC-e wall movement tracker

[johnyj]

I think the biggest driver for bitcoin economy are miners, now many of them have gone ASIC and leave a large group of GPU miners to go for LTC, the effect will be very interesting to see 

[Liquid]

 

[smoothie]

Transactions are 4x faster for one.

For one? Anything else?...

Different Hashing algorithm from Bitcoin's SHA256.

This separates Bitcoin ASICs from mining on Litecoin chain. Basically it is a fork in the road for miners and their hardware. Some may run asics on bitcoin and GPUs on litecoin for months to come.

Some might go one way or the other. The difference soon will be that those buying ASIC devices can't just switch mining to litecoin from bitcoin. They are locked in with an ASIC.

[jubalix]

Transactions are 4x faster for one.

For one? Anything else?...

Different Hashing algorithm from Bitcoin's SHA256.

This separates Bitcoin ASICs from mining on Litecoin chain. Basically it is a fork in the road for miners and their hardware. Some may run asics on bitcoin and GPUs on litecoin for months to come.

Some might go one way or the other. The difference soon will be that those buying ASIC devices can't just switch mining to litecoin from bitcoin. They are locked in with an ASIC.

the more distributed a currency the stronger it is both in acceptance and power

 a few asic miners centralize the market, not so good, the asic miners maybe in the process of undercutting their own currency, by taking control of it all.

Also their needs to be a killer app to have decentralized exchanges agrigated p2p so getting in and out of fiat cannot be controlled by say gox and co at least until bitcoint can actually be used at the corner store

[Liquid]

[smoothie]

Knocking on the door to make another all time high...

Get ready to go UP.

[StarenseN]

0.46

[StarenseN]

0.47

[Liquid]

[StarenseN]

0.51$

[yoodles]

I was going to buy 10K worth of Litecoin when it was 25 cents, looks like I missed the boat not hopping on now in case it decides to pop.

[iCEBREAKER]

I was going to buy 10K worth of Litecoin when it was 25 cents, looks like I missed the boat not hopping on now in case it decides to pop.

Smart move.  Put in your skunk bid at the $0.07 support level and sit tight until

[StarenseN]

Here is my thinking.


As LTC is a good alternative to store crypto wealth due to the different encryption (smart use to diversify the assets).
If LTC is enough liquid to BTC, btw there is a need of a more stable platform than the "mtgox" of LTC named BTC-e.


LTC is 4 times more abundant than BTC. (84M vs 21M)
LTC will have 1/10th of the popularity & use of Bitcoin (It include the use of LTC as storage by BTC user so I think it's a conservative assumption)


Based on these assumptions LTC can have a realistic value of 1/40th of the BTC.


BTC is currently ~48$
Divided by 4 due to LTC abundance ~12$
Divided by 10 due to LTC use/popularity (long term view) ~1.2$


LTC will easily hit 1.2$ in the near future (and go beyond) before a stabilisation around that value. Then LTC will evolve with the Bitcoin value.

[smoothie]

Here is my thinking.


As LTC is a good alternative to store crypto wealth due to the different encryption (smart use to diversify the assets).
If LTC is enough liquid to BTC but need more stable platform than the "mtgox" of LTC named BTC-e


LTC is 4 times more abundant than BTC. (84M vs 21M)
LTC will have 1/10th of the popularity & use of Bitcoin (It include the use of LTC as storage by BTC user so I think it's a conservative assumption)


Based on these assumptions LTC can have a realistic value of 1/40th of the BTC.


BTC is currently ~48$
Divided by 4 due to LTC abundance ~12$
Divided by 10 due to LTC use/popularity (long term view) ~1.2$


LTC will easily hit 1.2$ in the near future (and go beyond) before a stabilisation around that value. Then LTC will evolve with the Bitcoin value.

This ^ +1

[coblee]

FYI, gold/silver ratio is about 55/1 right now.

[iCEBREAKER]

Here is my thinking.
[hopes, dreams, wishes]

Bitcoin has first mover advantage so the network effect comes into play; you can do 1000 times more things with BTC than LTC.

When the cryptocoin economy is semi-mature (5-10 years from now) I foresee total altcoin market cap oscillating around 20% of BTC's.

Litecoin will be half of that 20%, if it's lucky. 

An instant exchange service ("AltInstant?") is needed to make Litecoin, etc. transactions transparent to vendors, or market penetration will continue to lag.

Still not a bad hedge, especially when Bitcoin has a bad hair day, chain fork, or great collapsing hrung disaster.

[coblee]

So are you agreeing or disagreeing?

Because...

Litecoin will be half of that 20%, if it's lucky. 

is pretty much the same as...

LTC will have 1/10th of the popularity & use of Bitcoin

[StarenseN]

FYI:

It hits 0.75$ during the last hour.

[iCEBREAKER]

Agree with the plausibility of the scenario, with the caveat that it represents an optimistic case.  So disagree on the likelihood, because black swans and unknown unknowns.

One positive development is BitFunder's new Litecoin ETF.

https://bitfunder.com/asset/CRYPTO.LTC

This may reduce dependence on BTC-e (which frequently suffers outages and NVC hater wrath) for LTC market making/price discovery/trading/liquidity.

[bullioner]

If there is place for one cryptocurrency, there is/will have place for other ones.

The main value of Litecoin is that :

* it has a different encryption algorithm

Really?  Are you saying the public key crypto is not ecdsa with the secp256k1 curve? What is it then?