Bitcoin Forum
October 23, 2017, 06:27:57 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Decoupling LTC from BTC  (Read 697 times)
GuiltySpark343
Member
**
Offline Offline

Activity: 98



View Profile
May 24, 2013, 10:02:04 PM
 #1

Does anyone think that LTC will one day be decoupled from BTC?

In other words, currently:

1 LTC = 0.0236 BTC
1 LTC = $3.01
1 BTC = $128

If you converted 1 LTC into USD, then used those USD to buy BTC, you would get 0.0234 BTC, which is pretty close to what you'd get if you just converted LTC into BTC directly at BTC-E.

There are some who feel that they should primarily mine LTC today, because they speculate that the value of LTC would rise in the future? But since LTC/BTC are linked currently, why not just mine BTC instead? It seems to me that if LTC were to rise in the future, so would BTC.

I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve.
Ƀ:17wbDetEw2aESM5oWXbm5ih9NSdDruyWNT
1508740077
Hero Member
*
Offline Offline

Posts: 1508740077

View Profile Personal Message (Offline)

Ignore
1508740077
Reply with quote  #2

1508740077
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508740077
Hero Member
*
Offline Offline

Posts: 1508740077

View Profile Personal Message (Offline)

Ignore
1508740077
Reply with quote  #2

1508740077
Report to moderator
1508740077
Hero Member
*
Offline Offline

Posts: 1508740077

View Profile Personal Message (Offline)

Ignore
1508740077
Reply with quote  #2

1508740077
Report to moderator
crypt0maniac
Newbie
*
Offline Offline

Activity: 28



View Profile
May 24, 2013, 10:05:51 PM
 #2

what did you smoke ?
Taxidermista
Legendary
*
Offline Offline

Activity: 1086



View Profile
May 24, 2013, 10:17:49 PM
 #3

Does anyone think that LTC will one day be decoupled from BTC?

In other words, currently:

1 LTC = 0.0236 BTC
1 LTC = $3.01
1 BTC = $128

If you converted 1 LTC into USD, then used those USD to buy BTC, you would get 0.0234 BTC, which is pretty close to what you'd get if you just converted LTC into BTC directly at BTC-E.

There are some who feel that they should primarily mine LTC today, because they speculate that the value of LTC would rise in the future? But since LTC/BTC are linked currently, why not just mine BTC instead? It seems to me that if LTC were to rise in the future, so would BTC.

LTC and BTC has been decoupled many times in the past. During the present BTC rally the LTC value has been coupled with USD, not BTC.

fenican
Hero Member
*****
Offline Offline

Activity: 658


View Profile
May 24, 2013, 10:23:06 PM
 #4

LOL there's no "magic string" that attaches them.  The LTC/BTC exchange is just for convenience so that traders do not have to use fiat as an intermediary.

I have said and stand by the statement that the day will come, possibly soon, when one LTC is more valuable in USD than one BTC.

I'd rather trust a currency backed by the iron of a million GPU's than one backed by three ASICS farms
crypt0maniac
Newbie
*
Offline Offline

Activity: 28



View Profile
May 24, 2013, 10:33:01 PM
 #5

Correct, ASICS will kill Bitcoin. LiteCoin or eventually some new coin will take it place in future. ASIC farms are easy to shutdown. We need currency trully decentralized.
Gabi
Legendary
*
Offline Offline

Activity: 1050


View Profile
May 24, 2013, 10:37:34 PM
 #6

Quote
ASICS will kill Bitcoin
lol
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!