2013-07-08 WSJ (MoneyBeat Blog) - Are Litecoins the next big thing?

[kiko]

http://blogs.wsj.com/moneybeat/2013/07/08/forget-bitcoins-litecoins-are-the-next-big-thing/?mod=wsj_streaming_latest-headlines

Shares in CipherMine, a company that creates virtual currency Litecoin, soared 500% following their initial public offering on June 24 on a virtual stock exchange, LTC Global Exchange. Since launching less than a month ago, the UK-founded CipherMine has achieved a market value of around £500,000 ($744, 500).

[superduh]

The paradox is.that litecoins are being used to invest into bitcoins

[EvilLizardApparel]

LTC to MtGox=Increased Liquidity=Increased Investor Confidence=Increased Media Attention/Awareness=Increased Market Cap....  Not an opportunity to be missed, In my opinion. Everyone is entitled to their own, though.

[kjlimo]

The paradox is.that litecoins are being used to invest into bitcoins

Just taking advantage of arbitrage when I believe it exists!

[superduh]

The paradox is.that litecoins are being used to invest into bitcoins

Just taking advantage of arbitrage when I believe it exists!

makes no sense since litecoins are theoretically more undervalued

[TraderTimm]

I'll just use the standard rule of when a story ends with a question mark, the answer is "No."