why does it really matter? if you can cash them out or trade via the other sites and exchanges?
just asking, not saying that it does not matter, but just wondering if already i can exchange ltc for usd or btc what matters when gox starts with ltc?
Think about it logically. If ltc goes on mtgox:
- The supply of Litecoins in circulation and for sale remains the same (10 million litecoins aren't going to suddenly appear out of thin air)
- Tons of the general Bitcoin buying public who haven't even heard of Litecoin before will be exposed to Litecoin
- Therefore demand will go up, supply remains the same, economics 101 price of litecoin goes up
It also adds a further 'stamp of credibility' to Litecoin being the true second choice to Bitcoin. It will bring a second wave of adopters. And it will also mark a step forward for cryptocurrency in general as too many bitcoiners refuse to acknowledge Litecoin or other alternate currencies and instead stick their head in the sand... when Litecoin goes onto mtgox the biggest exchange, the pink elephant in the room can no longer be ignored.
