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Question: Litecoins generated to date x price = $100,000,000  (Voting closed: May 01, 2013, 02:58:45 PM)
before the end of 2013 - 50 (41.7%)
before the end of 2014 - 16 (13.3%)
before the end of 2015 - 10 (8.3%)
before the end of 2016 - 4 (3.3%)
before the end of 2017 - 2 (1.7%)
before the end of 2018 - 1 (0.8%)
before the end of 2019 - 0 (0%)
before the end of 2020 - 1 (0.8%)
after the end of 2020 - 5 (4.2%)
never - 31 (25.8%)
Total Voters: 120

Pages: [1] 2 3 4 »  All
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Author Topic: When will Litecoin reach 0.1 Billion USD total value  (Read 9366 times)
Otoh
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March 24, 2013, 02:58:45 PM
 #1

I'd like to offer a competition similar to my previous Bitcoin one, but for Litecoins this time, firstly for when the value of a single litecoin will be equal to 1 gram of silver, with a present silver price of $28.64 per Troy Ounce with 32.15075 ounces to 1 Kg, that gives a price of $0.9208 per gram atm for silver against the present LTC price of approx $0.56 each. Note Bitcoin overtook the 1 Gm gold price this week for the first time, see recent posts in the other competition thread.



Secondly for when the Litecoin market cap (number of units issued times price) will equal at least 0.1 billion dollars = $100,000,000
the present market cap is around 11 million USD I believe.

There is a prize of 100 LTC for each competition with a doubling of the prizes for anyone who guesses both correctly for a total of 400 LTC.

Please express date as YYYY MM DD or as 29th Feb 2012 say, thread will be locked on the 1st May 2013 - please don't edit your dates except for typos/clarity or to add a date for either one of the competitions that you haven't yet chosen for but please also make a new post for this so that I see it, my rules & common sense, i.e. if someone puts the same date as one already chosen the first person wins it & ambiguous dates will be void, one entry per pre-existing forum ID & sock puppet accounts will be void if spotted.

Edit: Closest guesses win obviously, dates are by GMT/UTC time & an additional competition for a flat 100 LTC prize, if he does so then when will Mike Caldwell/Casascius first put physical litecoins on sale to the public.

Edit 2: If anyone who would like to add to these prizes then please to let me know.

Edit 3: Price to be taken as on the main/largest exchange at the time, ie atm it's BTC-E.

Edit 4: 2013 03 31 With the silver price making a low of $28.22 per Oz = $0.87774 per gram last Thursday & Litecoin making a high of $0.8247 yesterday we are getting very close, so a small rules change, once the price of litecoins goes over $0.85 or if silver falls below $27.50 per Oz = $0.85535 approx per gram then entries on the 1 LTC = 1 gm Ag part of the competition are closed.

See post #7 for a summary of entries to date, which updates every so often, but quite often, at least daily usually atm.

(Note to self - in future reserve post #2 for this)



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March 24, 2013, 03:07:47 PM
 #2

2013 06 23
2013 06 04
LeWNNA4k6f27CEcpoauqJ2zz3pbHEd5jQ5
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March 24, 2013, 03:13:20 PM
 #3

2013 07 23
2013 07 04

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March 24, 2013, 03:28:33 PM
 #4

2013 10 05
2013 06 22
LNycvZBqFrh6Q6jD1tJJoEcCo9eZ8DFut4

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March 24, 2013, 04:04:16 PM
 #5

"Answer 1" =  2013 03 31

"Answer 2" =  2015 05 22

 Cool
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March 24, 2013, 04:56:49 PM
 #6

6th of April, 2013 for silver (g) parity
I will update before 1st of may with my other guess

Edited for month, hopefully that's cool

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March 24, 2013, 05:02:03 PM
 #7

Summary Page # 1 ...will edit to add dates chosen ...

1g Ag

2013 03 31 Organic    <--- looks like a winner, this now confirmed  
2013 03 31 bitrain ~ void, needs to pick a date that hasn't been taken already    <--- 10 LTC consolation prize given anyway  
2013 04 04 Bitcoin BEAR
2013 04 05 samurajj
2013 04 06 RyNinDaCleM
2013 04 15 niner
2013 04 27 live627
2013 04 30 goxed
2013 05 01 smoothie
2013 05 02 iCEBREAKER
2013 05 03 ALToids
2013 05 04 Grover
2013 05 05 kooke
2013 05 18 mrbrt
2013 05 22 wizzardTim
2013 06 23 myhoho
2013 07 23 Wekkel
2013 08 04 thepickingpair
2013 08 31 MyZhre
2013 10 01 tgsrge
2013 10 05 bitcartel
2013 11 11 Chaang Noi (Goat) ช้างน้อยMyZhre

Edit: 2013 03 31 With the silver price making a low of $28.22 per Oz = $0.87774 per gram last Thursday & Litecoin making a high of $0.8247 yesterday we are getting very close, so a small rules change, once the price of litecoins goes over $0.85 or if silver falls below $27.50 per Oz = $0.85535 approx per gram then entries on the 1 LTC = 1 gm Ag part of the competition are closed.


$0.1B

2013 04 02 raintrain
2013 04 03 btc24    <--- looks like a winner, this now confirmed & prize sent    
2013 04 04 FatMagic
2013 04 06 Hannah
2013 04 08 forgeron
2013 04 13 tellmemiau
2013 04 14 Scott J
2013 05 02 der_troll
2013 06 03 samurajj
2013 06 04 myhoho
2013 06 06 niner
2013 06 22 bitcartel
2013 07 04 Wekkel
2013 07 08 live627
2013 08 01 bitrain
2013 08 31 goxed
2013 09 20 mrbrt
2013 11 01 tgsrge
2013 04 11 elelegzet
2013 12 15 MyZhre
2013 12 29 ALToids
2013 12 30 iCEBREAKER
2013 12 31 smoothie

2014 01 15 Bitcoin BEAR
2014 02 02 wizzardTim
2014 02 20 Grover
2014 05 03 kooke
2014 06 11 thepickingpair

2015 01 01 Chaang Noi (Goat) ช้างน้อยMyZhre
2015 05 22 Organic


Cas LTC

2013 05 15 FatMagic
2013 06 01 RyNinDaCleM
2013 06 13 Craftyman
2013 09 13 Hannah

2013 10 27 samurajj

2014 01 01 Bitcoin BEAR
2014 02 02 Chaang Noi (Goat) ช้างน้อยMyZhre
2014 04 01 kooke
2014 06 02 der_troll

See OP edit, added this one   <--- doesn't anyone feel that this is worth betting on? I know that he hasn't exactly shown any interest in alts as yet but time will tell. If you do then please to do so in new posts, rather than edits to previous ones, so that I can see the order that they came in, many thanks.

Edit: Seems like he's not interested in this, so entries now closed, thanks to all who took part.

Will you be making physical LTC if possible anytime soon?

why don't you buy physical LTC from smoothie? Mike has been encouraging competition for a long time. Now that finally some shows up, why not support it? Maybe it'll bring prices down back to sane levels at some point.


I agree with the competition sentiment and have no plans to do LTC.

Thumbs up from Casascius

"You may have heard that Noah Luis aka Smoothie on the Bitcointalk forums has released “Lealana Litecoins”, essentially a physical Litecoin similar to my offering. His current product is a half-ounce silver round loaded with 10 Litecoins, and is available for sale for both BTC and LTC directly from him. I support his efforts and am pleased to see what he has produced."

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March 24, 2013, 09:52:20 PM
 #8

2013 05 22
2014 02 02
Thanks  Cool

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March 24, 2013, 11:10:23 PM
 #9

2013 08 04
2014 06 11

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March 24, 2013, 11:54:56 PM
 #10

Smoothie's Prediction:  Grin

2013 05 01
2013 12 31

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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March 25, 2013, 12:14:30 AM
 #11

2013 05 012013 04 27
2013 07 08
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March 25, 2013, 12:19:35 AM
 #12

Q1 - 2013 03 31
Q2 - 2013 08 01

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March 25, 2013, 12:30:08 AM
 #13

2013 05 02
2013 12 30


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March 25, 2013, 12:36:35 AM
 #14

2013 05 02
2013 12 30


LOL I see what you did there.

 Cheesy

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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March 25, 2013, 12:55:21 AM
 #15

Summary page updated, btw bitrain & live627 you choose some dates that were already picked, please re-enter different ones for the 1g Ag, ty.

Cas LTC

See OP edit, added this one   <--- doesn't anyone feel that this is worth betting on? If you do then please to do so in new posts, rather than edits to previous ones, so that I can see the order that they came in, many thanks.

BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
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March 25, 2013, 01:12:02 AM
 #16

I'm not sure that Mike will ever issue physical LTC, but if he were to, I will guess that sustained $ parity will pique his interest in LTC. As for a date, I'll say June 1st, 2013.

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March 25, 2013, 01:20:37 AM
 #17

2013 05 03
2013 12 29
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March 25, 2013, 01:51:13 AM
 #18

& live627 you choose some dates that were already picked, please re-enter different ones for the 1g Ag, ty.
II edited my previous post.
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March 25, 2013, 02:02:56 AM
 #19

2013 10 01 for the 1 gram of silver
2013 11 01 for the 100million usd market cap
LfKnUEZCjaa6nXr59rpUFiWDVi5QMcxuEF

if it hasnt reached either of those by 2014 then it probably never will.
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March 25, 2013, 02:16:41 AM
 #20

Q1
2013 05 04

Q2
2014 02 20

ADDED

LhHkJ3twj66VgehZLbZKHX4BNrPSgGTstY
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