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litecoin_messiah (OP)
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June 12, 2013, 04:27:33 AM |
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Will Litecoin pass 10$ by the end of June?
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CoinEntropy
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June 12, 2013, 04:28:22 AM |
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Such an extreme increase of value could likely only result, in such a short of time, if Gox implement LTC.
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Hey.
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TXSteve
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June 12, 2013, 04:29:56 AM |
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maybe
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TXSteve
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June 12, 2013, 04:30:24 AM |
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maybe not
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krusin
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June 12, 2013, 04:32:18 AM |
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Doubtful, Litecoin has been keeping a pretty steady ratio to Bitcoin, if anything I expect it to decrease with the influx of miners running from the ASICs. That's why I am mining ATM, not buying.
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spike420211
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June 12, 2013, 04:38:39 AM |
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Such an extreme increase of value could likely only result, in such a short of time, if Gox implement LTC.
Not many others [retail-wise] implementing LTC either, so no. <10$ thru xmas. |
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dfib
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June 12, 2013, 04:41:12 AM |
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Doubtful, Litecoin has been keeping a pretty steady ratio to Bitcoin, if anything I expect it to decrease with the influx of miners running from the ASICs. That's why I am mining ATM, not buying.
Wouldn't the increase in popularity cause an increase in price? |
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jklp
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June 12, 2013, 05:01:03 AM |
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The end of June is only 2.5 weeks away, unless you know something we don't?
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krusin
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June 12, 2013, 05:01:30 AM |
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Doubtful, Litecoin has been keeping a pretty steady ratio to Bitcoin, if anything I expect it to decrease with the influx of miners running from the ASICs. That's why I am mining ATM, not buying.
Wouldn't the increase in popularity cause an increase in price? Not necessarily, it would require a lot more dev support. Bitcoin spent quite a while at a small dollar value. The spike in value really came when the speculators arrived. I have no doubt cryptocurrency is the future, but I think Litecoin has a bit of growing up to do first. If it hits $10 all the speculators will bail and possibly take the coin down with them. |
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B. Tazed
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June 12, 2013, 05:07:49 AM |
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A tall order for only two weeks from now, we can only hope though...
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bitcoinwebhosting
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June 12, 2013, 05:09:53 AM |
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I haven't followed Litecoin, but I'm interested to know if this would be considered the top contender to btc in crypto-currencies?
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krusin
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June 12, 2013, 05:13:46 AM |
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To rehash the tired old quote, Bitcoin is like gold, Litecoin is like silver. In theory when all coins are mined Bitcoin will be used for larger transactions like buying a house or a really (really, really) nice car, Litecoin will have more coins minted in circulation so it can take care of smaller transactions.
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The 4ner
aka newbitcoinqtuser
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June 12, 2013, 05:26:46 AM |
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Unless a major exchange were to start trading it, no way.
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bitcoinwebhosting
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June 12, 2013, 05:38:26 AM |
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To rehash the tired old quote, Bitcoin is like gold, Litecoin is like silver. In theory when all coins are mined Bitcoin will be used for larger transactions like buying a house or a really (really, really) nice car, Litecoin will have more coins minted in circulation so it can take care of smaller transactions.
Thanks for the explanation. Makes sense. Although, I think that it would be more beneficial as a whole for everyone to get behind one crypto-currency (Bitcoin), rather than chase all these other upstarts. Bitcoin hasn't even matured. If everyone stuck with one, that currency would advance more rapidly - and reach a larger audience, which leads to more users. I tend to think that, like Tor, the more users - the more anonymity. It also increases the integrity of the network. Just my opinion. |
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krusin
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June 12, 2013, 05:43:35 AM |
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I agree with you, but there is money to be made with the altcoins and the draw is too much...look at feathercoin when it arrived, some people made out like bandits before it crashed, then rose up and crashed again.
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bazzinga
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June 12, 2013, 05:51:43 AM |
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Not june. Probably by end of Aug. That is what am hoping as the GPU miners will no longer be profitable to mine btc's, they are going to turn to alt coins.
My 2 cents.
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Cyberdyne
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June 12, 2013, 05:54:33 AM
Last edit: June 12, 2013, 06:05:55 AM by Cyberdyne |
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If gox added litecoin it will go up to $15.
If Gox adds Litecoin it will go back up to $2.49. I'm surprised at how many people seem to be hanging out for this event - In my opinion it'll be a total anti-climax. |
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The 4ner
aka newbitcoinqtuser
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June 12, 2013, 05:57:23 AM |
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How are Litecoins currently being mined? With what hardware?
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bazzinga
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June 12, 2013, 06:07:55 AM |
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How are Litecoins currently being mined? With what hardware?
CPU's and GPU's Scrypt based FPGA is in the works by many companies. |
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krusin
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June 12, 2013, 06:09:26 AM |
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I use 3 HD 7970 Vapor-x cards running CGminer. I hash at 2.150 Mh/s. (To compare I hash at 1800 Gh/s with Bitcoin) No asics for scrypt yet so small timers like myself with gpus can still play.
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