LTC is going insane! Remember when BTC was 50 cents? Well LTC is now!

[psybits]

I expect big things from LTC in the future now it's ht 50 cents!

We just need more merchants, businesses and projects.

Feel free to list some here  

[smoothie]

As much as the naysayers think this rally is a folly...it is a secret rocket. Many LTC projects that will add legitimacy and value to Litecoin are going to be released in the coming months.

Learning from bitcoin business's...

Litecoin businesses are utilizing the low price to gather cheap coins before launching.

Yesterday was a huge wake up call that bitcoin does need a backup crypto for merchants to use in a emergency situation as we all saw bitcoin go through yesterday.

 

[Snowfire]

Rapid appreciation in unit value (a/k/a hyperdeflation) is an obstacle to currency use, not a help. What is needed is stable value.

[SgtSpike]

I think the speculation on LTC is fascinating...

[nwbitcoin]

The reality is that crypto currency is bitcoin and litecoin.

Bitcoin gets the spotlight, but Litecoin is learning how to do things correctly, never making the same mistakes.  If things had been planned like this, it couldn't have been done any better!

The result is that both will grow to be able to handle everything thrown at it - although in the long term, I have a feeling LTC might be more valuable on a day to day basis!

[smoothie]

Rapid appreciation in unit value (a/k/a hyperdeflation) is an obstacle to currency use, not a help. What is needed is stable value.

Look at the charts. We were at 5 to 8 cents for 8 months. That is stable.

[mr_random]

Was at 60 cents for a little while afterwards.  Good day for Litecoin and it's not over yet.

[mr_random]

Dear lord, it's at 68 cents right now

[PinkBatman]

Broke $0.70

[smoothie]

Hit $0.75

[Gab1159]

And to all the cryptocurrency enthusiasts...Litecoin is gaining value against BTC. It has gone from 0.0022btc to 0.01579btc (live quote) in just about a week. I personally put about 50% of my BTCs into LTCs when it was at 0.0055, and another 40% at 0.0078 and don't regret it. Of course, this may look like a bubble but I have an interesting margin where I can simply switch back to BTCs if shit hits the fan but I expect the raise to continue for a couple of days before eventually stabilizing for real. I keep a close eye on the market, I haven't slept a lot these past 5 days. I'm trying to day trade which is new to me but the market is small enough so you actually get some influence on the rate when you make 100btc+ transactions.

LTC is all good and crazy now, but it seems like it MAY be some kind of temporary bubble (because after reading much on it I believe the natural value should be higher than it is now, but all in due time). So you just gotta stay awake, alert, and when the real adjustment seems to be taking place, act accordingly.

I say excellent investment in short term, long term is uncertain.

[markm]

The natural value of bitcoins should be way the heck higher than it is right now, so yes litecoin too is undervalued.

Take a look at http://galaxies.mygamesonline.org/digitalisassets.html

MBC etc should never have been able to catch up to bitcoin in value, let alone surpass it. Bitcoin should go back to being the top dog on those charts, but doing so means it needs to more than double (up near triple) in value. Which it darn well should, it is really really absurd that it ever dropped below the others that are near the top of those plots.

-MarkM-

[cbeast]

The two minute confirmation and high energy consumption mining are the two attributes that distinguish LTC from BTC. The former may lead to more serious blockchain forks and the latter may make it too attractive to virus mining pools. BTC may be like gold, but it's a false analogy because well, we're talking about money. Colored coins, green addresses, m-of-n transactions, and time deposits will create bitcoin derivatives. I don't know what development is being done with LTC, maybe there is more to it than I am aware.

[psybits]

More services / businesses and projects is what is needed now to bring more long term interest and growth into the LTC ecosystem and make it a long term proposition.

It does have benefits over Bitcoin but more services need to be made utilising these benefits. Then instead of being driven by speculation the LTC market will be driven by good old circulation, value for services and activity (as well as a healthy dose of speculation).

We accept LTC for Press Releases  and advertising (if anyone wants to get the word out about an LTC business / project let me know - we'll give you a discount) at http://bitcoinprbuzz.com but much more is needed I know!

Kudos to Smoothie who has started a thread here of LTC accepting merchants.

Got a few ideas