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Question: What will the LTC/BTC exchange rate be after the first 24 hours of trading on Gox?
lower than .03
higher than .03
higher than .05
higher than .1
higher than .2

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Author Topic: LTC/BTC rate after the first 24 hours of trading on Gox. [POLL]  (Read 2295 times)
bitcoiners
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May 01, 2013, 03:14:00 PM
 #1

I'm not looking to start an argument about Litecoins or Bitcoins.  LTC is going to Gox as can be seen here: https://mtgox.com/pdf/20130424_ddos_statement_and_faq.pdf

I would like to know what you think the exchange rate will be after the first 24 hours of trading on Gox.

BTW, the LTC/BTC exchange rate is currently trading around .03.

Cheers.

P.S. I easily see it at .05.
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May 01, 2013, 03:23:55 PM
 #2

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.
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May 01, 2013, 03:27:24 PM
 #3

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

Save these arguments for another thread, there are many of them.  I'm asking your opinion on the exchange rate.  Did you vote?
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May 01, 2013, 03:28:58 PM
 #4

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

I think this an unfair question, he's made a poll, not asking for people to take sides.

Edit: I voted for the most popular answer.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
bitcoiners
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May 01, 2013, 03:36:59 PM
 #5

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

I think this an unfair question, he's made a poll, not asking for people to take sides.

Edit: I voted for the most popular answer.

Thank you and thanks for your vote!

Cheers
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May 01, 2013, 03:37:49 PM
 #6

depending on when LTC will be supported in gox actually.
Nikolaj06
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May 01, 2013, 03:57:04 PM
 #7

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..
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May 01, 2013, 04:01:55 PM
 #8

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

BTC-E has it correct as far as I can tell:

BTC/USD ($127.84 right now) - so one BTC would equal $127.84
LTC/USD ($4.08) - one LTC equals $4.08
LTC/BTC (0.03) - so one LTC equals 0.03 of a BTC
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May 01, 2013, 04:04:55 PM
 #9

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

BTC-E has it correct as far as I can tell:

BTC/USD ($127.84 right now) - so one BTC would equal $127.84
LTC/USD ($4.08) - one LTC equals $4.08
LTC/BTC (0.03) - so one LTC equals 0.03 of a BTC

Your logic makes sense, but I agree with the other guy. Typically units are written as km/hour which means kilometers per hour which if the number was 100 would mean 100 kilometers per hour.

LTC/BTC would be interpreted as Litecoins per Bitcoin, which should be 30 something not 0.03.

*shrugs* These are just conventions I guess.
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May 01, 2013, 04:07:12 PM
 #10

Current 0.03 seems manipulated up from previous 0.02 steady state, probably in anticipation of MtGox. There's a risk holders who "bought the rumor" will "sell the news"
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May 01, 2013, 04:35:57 PM
 #11

Current 0.03 seems manipulated up from previous 0.02 steady state, probably in anticipation of MtGox. There's a risk holders who "bought the rumor" will "sell the news"

Read your news sources Smiley

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May 01, 2013, 05:15:55 PM
 #12

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

Save these arguments for another thread, there are many of them.  I'm asking your opinion on the exchange rate.  Did you vote?
+1

>0.5 - see it spike to over $50 fiat then find an equal (post crash)- then steady climb.

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Scott J
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May 01, 2013, 05:19:34 PM
 #13

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..
Currency pairs are always written this way. The currency on the left is always 1, so:

1 LTC = 0.03 BTC

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May 01, 2013, 05:20:47 PM
 #14

I voted for higher than 0.03 because I don't want to get my hopes up!

If we see around $10 equivalent, I will be very happy. Any more and I will be ecstatic Grin

johnblaze
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May 01, 2013, 05:50:14 PM
 #15

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..
Your logic makes sense, but I agree with the other guy. Typically units are written as km/hour which means kilometers per hour which if the number was 100 would mean 100 kilometers per hour.

LTC/BTC would be interpreted as Litecoins per Bitcoin, which should be 30 something not 0.03.

*shrugs* These are just conventions I guess.

lol why would you try to apply mathemtical notation to currency pairs?
forex has been using this notation forever

and why do random bitcointalk members think that they know better than the actual exchanges?


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May 01, 2013, 10:16:36 PM
 #16

I think 0.15, than it will fall to 0.7 where it will be stable for a while.

So voted >0.1

Don't know if this will be within the first 24h tho

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
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May 01, 2013, 10:19:24 PM
 #17

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

Save these arguments for another thread, there are many of them.  I'm asking your opinion on the exchange rate.  Did you vote?
+1

>0.5 - see it spike to over $50 fiat then find an equal (post crash)- then steady climb.
And I thought, I was an optimist  Tongue

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
bitcoiners
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May 02, 2013, 02:28:03 AM
 #18

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

You must live in backwards-world!  I do hope one day it is BTC/LTC but um no... You are wrong.  Sorry.

Thanks all for the votes...  Keep 'em coming!

Cheers!
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May 02, 2013, 07:00:10 AM
 #19

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

Litecoin indirectly inflates Bitcoin.
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