S3052 (OP)
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June 26, 2013, 05:45:44 AM |
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Litecoin was conceived as silver to Bitcoin's gold by design. I actually would expect a variation of the LTC/BTC price over time in many ways comparable to that of silver/gold. I actually would also expect a high degree of correlation between LTC and BTC over time when compared to USD, EUR, CAD etc. Is it possible to trade LTC/BTC profitably. Of course just like silver/gold. As for charts the chart that I find the most interesting over time is LTC/BTC rather than LTC/USD.
I agree, at first I have been very focused on LTC/USD but for the past weeks I have shifted my attention more to the LTC/BTC price more. |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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naima53
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June 26, 2013, 06:11:52 AM |
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Sorry, will not support scam-coins. ( alt-coin ? ... same as blockchain fork to me, I will stay on longer chain )
Litecoin would be the absolute LEAST scammy of the alt-coins and the blockchain is 50% longer  Namecoin actually provides an innovative use case, and not if you weight by difficulty, which is how cryptocurrencies judge chain length. \///\ That! Namecoin. It is a decentralized basis DNS, and works together with the BTC and does not compete with him. That's what I keep part of my investment portfolio. All the rest - parasitism, similar fungi on trees. IMHO  |
Donate me) 16f6iWHHkVEnDReeBQPT9GwCNwUfPTXrp2
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byronbb
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HODL OR DIE
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June 26, 2013, 06:20:35 AM |
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Litecoin was conceived as silver to Bitcoin's gold by design. I actually would expect a variation of the LTC/BTC price over time in many ways comparable to that of silver/gold. I actually would also expect a high degree of correlation between LTC and BTC over time when compared to USD, EUR, CAD etc. Is it possible to trade LTC/BTC profitably. Of course just like silver/gold. As for charts the chart that I find the most interesting over time is LTC/BTC rather than LTC/USD.
I agree, at first I have been very focused on LTC/USD but for the past weeks I have shifted my attention more to the LTC/BTC price more. Are there any good resources to investigate this? |
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domob
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June 26, 2013, 07:03:57 AM |
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Sorry, will not support scam-coins. ( alt-coin ? ... same as blockchain fork to me, I will stay on longer chain )
Litecoin would be the absolute LEAST scammy of the alt-coins and the blockchain is 50% longer Namecoin actually provides an innovative use case, and not if you weight by difficulty, which is how cryptocurrencies judge chain length. \///\ That! Namecoin. It is a decentralized basis DNS, and works together with the BTC and does not compete with him. That's what I keep part of my investment portfolio. All the rest - parasitism, similar fungi on trees. IMHO I totally agree. NMC are surely the most interesting alt-coin, and right now a lot of development is going on in the community (after no development happened for a long time). |
Use your Namecoin identity as OpenID: https://nameid.org/Donations: 1 domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NC domobcmcmVdxC5yxMitojQ4tvAtv99pY BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS | GPG 0xA7330737 |
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myself
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chaos is fun...…damental :)
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June 26, 2013, 10:29:24 AM |
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gold > silver > NMC > BTC/LTC
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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smoothie
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LEALANA Bitcoin Grim Reaper
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June 26, 2013, 11:41:18 AM |
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I have to admit OP I love the title of the thread. |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
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smoothie
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LEALANA Bitcoin Grim Reaper
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June 26, 2013, 11:43:34 AM |
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Last LTC/BTC trade: 0.02732 BTC
*4 (total future money supply of Bitcoin's) = 0.10928. Over 10% valuation of Litecoin versus Bitcoin? I wouldn't even be willing to bet on that if I granted Litecoin a "backup" or "silver" function since that would be at a much lower valuation. Anyone buying at current levels for anything a little more longer term is betting on Litecoin dethroning Bitcoin as "#1 Digital Cash/Gold". Is the probability for that better than 10%? Very doubtful.
Litecoin does not have to dethrone Bitcoin in order to be successful. Silver didnt have to dethrone gold to be successful and recognized right? |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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S3052 (OP)
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June 26, 2013, 12:06:47 PM |
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Last LTC/BTC trade: 0.02732 BTC
*4 (total future money supply of Bitcoin's) = 0.10928. Over 10% valuation of Litecoin versus Bitcoin? I wouldn't even be willing to bet on that if I granted Litecoin a "backup" or "silver" function since that would be at a much lower valuation. Anyone buying at current levels for anything a little more longer term is betting on Litecoin dethroning Bitcoin as "#1 Digital Cash/Gold". Is the probability for that better than 10%? Very doubtful.
Litecoin does not have to dethrone Bitcoin in order to be successful. Silver didnt have to dethrone gold to be successful and recognized right? This is true Long term speaking , both, bitcoin and litecoin are in uptrends |
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dragony
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June 26, 2013, 01:06:08 PM |
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I really don't like Litecoin that much, it seems to me that it serves to miners only. I don't like the name. From marketing point of view it is a weak Bitcoin so there is no way it will even touch bigger fraction of the BTC price.
I had around 200 Litecoins - bad investment, I've sold them with little loss two days before thanks to a bubble which has developed now. Becaus MtGox said it will implement LTC or I don't know.
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smoothie
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LEALANA Bitcoin Grim Reaper
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June 26, 2013, 04:01:07 PM |
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Anytime there is a market space and there is only 1 option, there will be more....resistance is futile |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
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gizmoh
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June 26, 2013, 08:08:31 PM |
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Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
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How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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RyNinDaCleM
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Legen -wait for it- dary
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June 26, 2013, 08:19:18 PM |
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Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Of course it is! Much like Bitcoin when it was $2-3... Bitcoin still is, though it is a much more costly operation now. |
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Odalv
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June 26, 2013, 08:25:20 PM |
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Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Wait .. soon early adopters start to dump 18,871,750 scam-coins :-) |
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smoothie
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LEALANA Bitcoin Grim Reaper
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June 26, 2013, 08:35:23 PM |
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Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Bitcoin went through the same phase. |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
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gizmoh
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June 26, 2013, 09:09:32 PM |
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Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Wait .. soon early adopters start to dump 18,871,750 scam-coins :-) Litecoin trading on Gox may end up the other way in terms of pricing.With massive coin supply, hoarders dream of $5-$10 coins and everyone looking for quick profits , investors might get turned off seeing the amount of coins on offer... |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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chriswilmer
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June 26, 2013, 09:13:43 PM |
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Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Bitcoin went through the same phase. +1 It's remarkable how similar the trajectories of bitcoin and litecoin are... even down to the criticisms of litecoins from the incumbent (bitcoin) community... |
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Odalv
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June 26, 2013, 09:59:28 PM |
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Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Bitcoin went through the same phase. There was not 18M BTC when Gox starts trading them. (a lot of BTC was lost when early miners though they are useless .. what about Litecoin ?) |
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smoothie
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LEALANA Bitcoin Grim Reaper
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June 27, 2013, 04:26:17 AM |
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Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Bitcoin went through the same phase. There was not 18M BTC when Gox starts trading them. (a lot of BTC was lost when early miners though they are useless .. what about Litecoin ?) The # is arbitrary. To say that there is more litecoins than bitcoins does not prove much other than that the expect price should be LTC < BTC. Another moot point. |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
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XxionxX
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Digital money you say?
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June 27, 2013, 12:19:55 PM |
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I really don't understand the comparisons of Litecoin to silver, they aren't even apples to oranges. It is more like apples to EVE isk.
Seriously, there are no significant distinctions between the two currencies. The only real difference is the network effect(it is money because people say it is etc.). Bitcoin has the crowd and Litecoin doesn't, simple as that.
Now Freicoin on the other hand has a very innovative approach. The only thing I don't like about Freicoin is that it is pre seeded to the devs. Inflationary innovation or no, no one will jump on board with that kind of nonsense.
Silver is an entirely different element with different properties! It has industrial purposes! How does that mean Litecoin has a place with bitcoin!?
If anything, Freicoin would be the silver to bitcoin's gold. An inflationary currency next to a deflationary one.
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FAP Turbo 2.0, the FOREX trading robot which also trades bitcoin! I had to link it because I love the name. Seriously, that is the real name.
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S3052 (OP)
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June 27, 2013, 05:10:40 PM |
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the litcoin price rally goes on in the litecoin chart ...
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