Will Litecoin pass 10$ by the end of June?

[JimCGSavings]

Such an extreme increase of value could likely only result, in such a short of time, if Gox implement LTC.

Yes:)

What??? Your Goat! If anybody would have inside info on Gox implementing LTC before the end of June it's you! Cmon, fess up! (grin)

[ranlo]

The factor people seem to be missing is yes gox would cause the price to spike and High but for all different reasons. Most not cyrpto fans and average mom and dad speculators only know of gox. Places like BTCe scare them Gox still has a majority of the traffic and volume. That cant be discounted and when it does pop up on gox eventually people will rush to buy because its "new" not knowing about the 1001 Alts.

I actually hadn't considered that. You're right on that behalf... one thing is for certain: the first few listed will be sold way above value and will make someone a decent amount of money, lol.

[peter79]

no

[FrictionlessCoin]

all depends on a lot of factors.

[FrictionlessCoin]

The factor people seem to be missing is yes gox would cause the price to spike and High but for all different reasons. Most not cyrpto fans and average mom and dad speculators only know of gox. Places like BTCe scare them Gox still has a majority of the traffic and volume. That cant be discounted and when it does pop up on gox eventually people will rush to buy because its "new" not knowing about the 1001 Alts.

BTC-E doesn't look like a trustworthy site.

[esenminer]

Right now LTC stays around the same profitability BTC.

If it's more profitable then people jump on, increase difficulty. If it's less profitable people jump off, difficulty decreases profitability rises etc...s

So LTC follow BTC price trends - see their price charts.

If this keeps ups, at the current LTC/BTC rate of 0.02082, LTC will hit $10 when BTC hits $480

[Loredo]

all depends on a lot of factors.

Quoted for truth.  ;-)

[Loredo]

One thing to keep in mind now is that, for the first time, there is a fundamental difference in the organization of the mining between BTC and LTC. 

BTC will continue to oligopolize, and be dominated, likely, by a few players like ASICminer which have the capacity and the cash flow to maintain their market share regardless of network hash rate, and thus induce increases beyond those caused by new hardware coming on line.  This will likely drive all the GPU and FPGA based miners out of active mining.  It will also mean that people that are now buying fixed hash power, regardless of the absolute amount, are going to be disenfranchised in relative terms in BTC.

For the reasons everyone knows - primarily those associated with the work algorithm difference - LTC will remain more decentralized. 

I have my own ideas of what this is going to mean in relative and absolute values of the two, but so does everybody else have their ideas, so I'm not going to bore anyone with mine.

[B. Tazed]

I would atleast like to see it go back to $4.20 ish where it was a month back or so...

[RAMZA]

It will do....but eventually..

[Xuesheng]

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.

How valid is that. Is there any reason why bitcoin cannot be subdivided into infintely smaller increments. It would just take a naming convention to make that simple. I mean it's hard to state a price as .0000000000001 btc but if that increment had a name it would be simple.

Seems like litecoin is just simply a different currency.

[xenophanes]

now just near 2

[Amph]

nope, too early

[mt_bird]

One thing to keep in mind now is that, for the first time, there is a fundamental difference in the organization of the mining between BTC and LTC. 

BTC will continue to oligopolize, and be dominated, likely, by a few players like ASICminer which have the capacity and the cash flow to maintain their market share regardless of network hash rate, and thus induce increases beyond those caused by new hardware coming on line.  This will likely drive all the GPU and FPGA based miners out of active mining.  It will also mean that people that are now buying fixed hash power, regardless of the absolute amount, are going to be disenfranchised in relative terms in BTC.

For the reasons everyone knows - primarily those associated with the work algorithm difference - LTC will remain more decentralized. 

I have my own ideas of what this is going to mean in relative and absolute values of the two, but so does everybody else have their ideas, so I'm not going to bore anyone with mine.

I also see bitcoin becoming an oligarchy. I find it interesting that such a seemingly small detail such as differences in the computational characteristics between the two hashing algorithms could have such a big impact on the organization of the litecoin and bitcoin mining networks. I have seen some threads recently proposing to change the bitcoin hashing algorithm because of the issues you raise, but if ASICs already control most of the network, I wonder if it may be too late.

[debeliamark]

Right now LTC stays around the same profitability BTC.

If it's more profitable then people jump on, increase difficulty. If it's less profitable people jump off, difficulty decreases profitability rises etc...s

So LTC follow BTC price trends - see their price charts.

If this keeps ups, at the current LTC/BTC rate of 0.02082, LTC will hit $10 when BTC hits $480

Seem is true - they keep balance between miners.

[miawilkinson]

doesnt look like it

[Sixei]

I hope they could reach $40 to $50 by year end..

[publicist]

No, but I'm curious to see where it ends up by the end of the year. I wonder if it will ever have the leaps and bounds Bitcoin had.

[sana8410]

The price could be below $2. It will only pass $10 if mtgox add it.

[rafi365]

Only if BTC pass 500$ - exchange rates of all alt currencies are connected with BTC. BTC goes up - everything goes up