Will Litecoin pass 10$ by the end of June?

[The 4ner]

Litecoin would need to be used to increase in profit. It would also need a better name and logo. I suggested that the community change the coin's name and logo once it becomes more popular but they didn't like the idea.

[maco]

History speaks for itself

We have gold and silver

We have bitcoins and litecoins

[gary492]

nope not for the next 6 months maybe it just had a crash and trying to recover

[adamas]

my most accurate prediction for 3 months: not less than 1$ - not more than 5$

[ranlo]

History speaks for itself

We have gold and silver

We have bitcoins and litecoins

I don't follow. Gold and silver are physical items that have value that goes above and beyond what the metals themselves are worth (via jewelry and other items). You can't take a Bitcoin and twist it into a physical item that has other real-life uses. Comparing the two to each other is a little asinine.

As far as I know, silver is treated as an entirely different metal than gold is; it doesn't follow in its footsteps. Its value isn't based on what gold's is. So Litecoin, even if Bitcoin were to be "like" gold, would still not be comparable to silver.

[servowire]

History speaks for itself

We have gold and silver

We have bitcoins and litecoins

I don't follow. Gold and silver are physical items that have value that goes above and beyond what the metals themselves are worth (via jewelry and other items). You can't take a Bitcoin and twist it into a physical item that has other real-life uses. Comparing the two to each other is a little asinine.

As far as I know, silver is treated as an entirely different metal than gold is; it doesn't follow in its footsteps. Its value isn't based on what gold's is. So Litecoin, even if Bitcoin were to be "like" gold, would still not be comparable to silver.

The way BTC and LTC seem to behave is still a bit like Gold/Silver.
Not that I agree in the analogy, but silver does follow gold price in the "great contours" - when gold dips 20% silver will also do a dive. PM markets are very complex.

[ranlo]

but silver does follow gold price in the "great contours" - when gold dips 20% silver will also do a dive. PM markets are very complex.

Are you sure about that? I don't follow the markets but I was under the impression that they were all mutually exclusive: gold, silver, diamond, platinum, etc. Going to have to look into this for personal knowledge now, lol.

[aceking]

noway

[orion87]

no it will not, if gox starts trading it it might go up to 5 or so, but that's probably not gonna happen this month

[roobkoo]

There is still one thing, if 1BTC not gona be 100 000$ we dont need LTC if bitcoins are divisible to 8 decimal places

[vladh]

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[Lothy]

with the recent 51% attack on FTC, i think ppl are concerned that the LTC will have the same thing happen.

Guess time will tell

[eltonjock]

no it will not, if gox starts trading it it might go up to 5 or so, but that's probably not gonna happen this month

What makes you think it won't happen this month?

[ranlo]

with the recent 51% attack on FTC, i think ppl are concerned that the LTC will have the same thing happen.

Guess time will tell

We've known that 51% attacks are possible pretty much forever as far as I know. Just because one coin managed to be 51% attacked doesn't impact anything. It would take a lot more to take down LTC.

[worldinacoin]

Mid of June but it is still far from the mark.

[cryptoanarchist]

but silver does follow gold price in the "great contours" - when gold dips 20% silver will also do a dive. PM markets are very complex.

Are you sure about that? I don't follow the markets but I was under the impression that they were all mutually exclusive: gold, silver, diamond, platinum, etc. Going to have to look into this for personal knowledge now, lol.

I've followed gold and silver prices for the last 10 years, and I sold silver for 2 of those years. While the price of one may make a small change independent of the other, the large swings are almost always experienced by both.

[ranlo]

but silver does follow gold price in the "great contours" - when gold dips 20% silver will also do a dive. PM markets are very complex.

Are you sure about that? I don't follow the markets but I was under the impression that they were all mutually exclusive: gold, silver, diamond, platinum, etc. Going to have to look into this for personal knowledge now, lol.

I've followed gold and silver prices for the last 10 years, and I sold silver for 2 of those years. While the price of one may make a small change independent of the other, the large swings are almost always experienced by both.

Thanks for the clarification!

Would that also mean that as an investor, it isn't really relevant which one you go with? Based on what you're saying it seems like gold is the higher investment and silver would be for smaller investors?

[kallindown]

Great read for a newbie like me

[nicksmith]

I think 10 by year end

[PinkTen]

It may not, but we all hope it will.