Litecoin Price to hit $25?

[BittBurger]

There will be 4x as many Litecoins as there are Bitcoins.

Would it stand to reason that the price of Litecoin would ultimately hover somewhere around 1/4 that of Bitcoin?

Therefore when Litecoin hits mainstream .... such as the first step - MtGox adding it .... its price may very well hit $25?   (1/4 of BTC)

Or is that just a bunch of malarchy

-Burger-

[1713941812]

1713941812

[naphto]

There will be 4x as many Litecoins as there are Bitcoins.

Would it stand to reason that the price of Litecoin would ultimately hover somewhere around 1/4 that of Bitcoin?

Therefore when Litecoin hits mainstream .... such as the first step - MtGox adding it .... its price may very well hit $25?   (1/4 of BTC)

Or is that just a bunch of malarchy

-Burger-

No.
Why would the ltc markets be equals to the btc one? No reason...

[Tzupy]

No chance in hell to hit 25$ soon. Maybe when BTC is going to be 500$.

[/dev/null]

Bitcoin is petrol
Litecoin is diesel

forget 25$, it will hardly go upto 10$ this year.

[BittBurger]

There will be 4x as many Litecoins as there are Bitcoins.

Why would the ltc markets be equals to the btc one? No reason...

Didn't say equal.  Said 1/4th.  And why?

There will be 4x as many Litecoins as there are Bitcoins.

[notme]

There will be 4x as many Litecoins as there are Bitcoins.

Why would the ltc markets be equals to the btc one? No reason...

Didn't say equal.  Said 1/4th.  And why?

There will be 4x as many Litecoins as there are Bitcoins.

And Bitcoin has 4000X as many businesses that accept it.

[bitcodo]

Just make alchain with just 1 coin. You can sell it for many millions.  

[Kalshnikov]

Will LTC replace BTC as number one?

[Birdy]

There will be 4x as many Litecoins as there are Bitcoins.

Why would the ltc markets be equals to the btc one? No reason...

Didn't say equal.  Said 1/4th.  And why?

There will be 4x as many Litecoins as there are Bitcoins.

An value of 1/4 Btc means equal in market cap to Bitcoin as there are 4 times more Litecoins.
Just as 8*1/4 = 2 and 2*1 = 2

Hint: It will not happen.

[mr_random]

There's only roughly double Litecoins than Bitcoins in existence. So that would be more like $50 if they were both in equal demand. That is the big if. Coin supply is only half the equation, coin demand is the other half 

[DeathAndTaxes]

The amount of available silver bullion (30,000 T) is roughly half that of gold bullion (60,000 T).  Is the price of silver double that of Gold?

Based on these metrics why is the price of Silver 1/65th  of Gold?

Total gold      166,000 T
Gold bullion       60,000 T
Gold Production          2,800 T /annually

Total Silver           777,000 T
Silver Bullion         30,000 T
Silver Production         30,000 T / annually   

Total Silver        4.7x Gold
Silver Bullion       0.5x Gold
Silver Production    10.7x Gold

Gold Price      ~$1300
Silver Price:      ~$20
Gold/Silver Ratio:   65:1

[DeathAndTaxes]

The amount of gold bullion is roughly equal to the amount of silver bullion.  Is the price of silver roughly the same as the price of gold?

That is an invalid comparison. There has been more than 10x the amount of silver mined compared to gold. Just because a fraction of it is available as bullion does not negate the fact of the amount of the metal in existence.

I updated the post to include a variety of metrics but none come anywhere close to the gold:silver ratio.  Lets go with 10x for mining production, the Silver Gold ratio right now is ~65:1 not 10:1.  

Actually in the last 40 years it has NEVER been as low as 10:1.

Even so, it is only an estimate, we can not know exactly. But with the cryptos we can know with a much higher precision. Making for an interesting economic laboratory.

However sentiment is affected by estimates.  Yet despite there being really no dispute that by any metric gold is no more than 20x as rare as silver (total historical production  - 20:1, annual production - 10:1, total above ground metal: 5:1, total bullion: 0.5:1) its price has consistently 40x to 80x that of Silver for decades.  

The idea that the cryptocurrency supply is more accurate isn't exactly true.  Generation is very accurate but what matters is AVAILABLE currency and losess are unknown.  How many Bitcoins are still in circulation?  Still the point was that supply alone doesn't determine price.  If it did then the silver:gold ratio would be much lower (no matter what metric one thinks is the most important).

[tonto]

Will LTC replace BTC as number one?

No.  LTC was created by someone who got pissed off that they missed the early days of BTC mining.  Creating more and faster is/was not the answer.  It just is an attempt at being the "early miners" in case the value ever goes up past a certain value.  Ultimately it keeps the value of both down by obfuscating and confusing new people, and splitting users.
 
Bitcoins were never about "making money".  The "mining" are simply verifying transactions.  The creation of money (mining) was an incentive to get people to verify transactions until the network gets big enough to sustain itself.

[usahero]

Therefore when Litecoin hits mainstream .... such as the first step - MtGox adding it

Gox won't add LTC. Bubble will explode. Many will lose big money but might finaly wake up to the truth, that LTC is outdated and almost useless.

+1

Although there are few things that make it valuable: Some exchanges now operate on alt/ltc pairs, and there is atlantis for LTC. If it doesn't come to gox, which most likely won't before 2014, the price should and will fall down.

[usahero]

You don't need something new or innovative for coin to survive. You need the coin to be liquid and usable.  And coins don't just die. Only their price sinks, if coin becomes useless.

[Liquid]

LTC does not differs enough from Bitcoin to survive. Scrypt, 2.5 minutes blocks, who really gives a shit about that anymore except morons, people
dumb enough to not realise LTC sux even though all they are using it for is speculations and eventualy exchange arbitrage. Not even YAC or XPM
are different enough to survive but most people don't see it because there is still no true alternative to Bitcoin. Making money on altcoins is just
fine but don't come to me saying some of them is The Next Big Thing.

That is a very bias opinion, critical thinking is nonexistent also if you think a cryptocurrency monopoly is healthy think again.

The volatile nature of Bitcoin and Litecoin suggests that competition between buyers and sellers determines the price this comes back to the fundamental framework of economics, supply and demand.   

The supply and demand price of litecoin and bitcoin, that is the current real value market price realistically is the only price worth talking about.

Speculation only brings expectations and FUD only brings fear, both bring unrealistic economic data, unfortunately human emotions play a big role in the price of Litecoin and Bitcoin more than hard economic data. 

Everything in this world is dynamic and changing for a reason we will never see the final price of Litecoin & Bitcoin so no point predicting irrelevant data.

Liquid

 

[Online24o0n]

LTC does not follow BTC at all, but $25 for LTC is certainly obtainable in the very near future.

[BittBurger]

So you guys think that just being accepted by GOX will incease LTC value possibly to $25 or even $75?

Is that because for once you can exchange it directly with USD?

Trying to get my head around the biggest motivating factor for why the price would go up.

Obviously ease of availability.  Wouldn't have to go USD > BTC > LTC just to get LTC.

Is it that interaction directly between USD <--> LTC that would increase its value?

I hope coinbase adds Litecoin as well.

[Adamlm]

LTC will be more and more popular:

http://www.wired.com/wiredenterprise/2013/08/litecoin/ 

[Lauda]

So you're expecting a coin that has almost non exsistant services to reach 1/4 of BTC.