Effect on BTC prices if LTC is hosted on MtGox? Speculate, vote!

[crazy_rabbit]

LTC will skyrocket in the short term...

On another note, am I the only one worried and terrified by the fact that a single site alone(MT Gox) actually sets the price for everything..?

You are not alone.

[1713902542]

1713902542

[1713902542]

1713902542

[skull88]

BTC ~= Gold!  (factorial)
LTC ~= Silver!

...
I don't see any problem / issue.  Just evolution into the future.

+1

If it's to hard to understand the gold-silver comparison, I don't think this person would understand btc and buy them. The part that more cryptocurrencies exist just like metals is probably the easiest part to understand.

[jubalix]

LTC will skyrocket in the short term...

On another note, am I the only one worried and terrified by the fact that a single site alone(MT Gox) actually sets the price for everything..?

it doesn't

if it crashes, a million compeditos would rush in, and the price would drop and I would buy buy buy

[romerun]

they have announced, they'll fix the lag by 17th, so LTC should be there after that.

[mutikainen]

btc will go up and ltc too

[btchaver]

Price could also go down couldnt it?

[live627]

Price could also go down couldnt it?

Not where bulls are concerned.

[cdog]

This will be the last really good buying window for BTC/LTC for quite some time.

[micalith]

I may be wrong but it looks like in the long run, the only advantage of LTC for most people would be that transactions are faster than BTC.

is there any way that BTC transactions could be made faster in order to compete with LTC for buying stuff?

[St.Bit]

I may be wrong but it looks like in the long run, the only advantage of LTC for most people would be that transactions are faster than BTC.

is there any way that BTC transactions could be made faster in order to compete with LTC for buying stuff?

That's the most irelevant difference between LTC/BTC.
LTC will provide diversification and that's why LTC might be even 1:1 on BTC. When some big players move at the only crypto it generates vola and panic/greed. Too much vola makes a currency useless.

On a multi crypto enviroment panic sellers can move to the alternative crypto(s) and the overall market vola on crypto stays lower. But don't worry, one 50% less volatile bitcoin at 30% market cap is definitively more worth than 1 BTC of todays 95% cap.

[trdiablo]

BTC will go down, LTC will go up.

BTC is quite stable now at the 100$ value so for many investors it is not that interesting anymore.
LTC is still in it's early days, the network hashrate and difficulty is at it's all time high and more (underground) merchants are starting to accepts Litecoins.
So for an investor/newbie it will be far more interesting to invest in LTC then in BTC.

I expect a lot of BTC owners to sell some BTC for LTC, thus decreasing value of BTC and increasing value of LTC.
But hey, I could be wrong.

Also, the CEO of MtGox has said on Twitter that LTC and NMC will be added. Now they are just being vague and saying "other crypto currencies" but I think that there is a good chance that LTC and NMC get added.

[Viscera]

Cool Poll, thanks. I was happy to see that many think as I do, it will be an interesting poll to revue post LTC listing on Gox.

+1 for the OP