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Author Topic: BTC/LTC - all good?  (Read 437 times)
Candlepower (OP)
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November 25, 2013, 08:30:09 PM
 #1

Hi folks, thanks for operating this forum. I have followed the BTC scene since pretty much it started but I wasnt brave enough to put my money where my mouth is (or was) and as such, have missed the boat...Oh well, the next thing that interests me is Litecoin - I see it as Bitcoin = Gold, Litecoin = Silver, as a real-world analogy.

I have a few questions to do with mining but I won't put them here, I'll wait for the newbie restriction to be lifted then post in the relevant sub-forum. I know the forum is the 'Bitcoin' forum but I'm guessing its OK to talk about them both?

Thanks again

Candlepower
PenAndPaper
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November 25, 2013, 08:45:35 PM
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Oh well, the next thing that interests me is Litecoin - I see it as Bitcoin = Gold, Litecoin = Silver

Well this is how its developers promoted it in the first place and price seems to follow bitcoin quite well but i don't see any other value for litecoin except speculation.

That being said with a price of more than 10$/ltc it is great for mining!
Birdy
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November 25, 2013, 08:49:56 PM
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Litecoin is merely a copycoin, it doesn't provide any significant advantage.
Can you make money with it? Certainly. But it's way more risky and speculative than Bitcoin.
Candlepower (OP)
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November 25, 2013, 08:51:38 PM
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Oh well, the next thing that interests me is Litecoin - I see it as Bitcoin = Gold, Litecoin = Silver

Well this is how its developers promoted it in the first place and price seems to follow bitcoin quite well but i don't see any other value for litecoin except speculation.

That being said with a price of more than 10$/ltc it is great for mining!

I didnt realise thats actually what the plan was - thats interesting.

And as for mining, yup, I see it as good for speculation and also to learn about the hardware etc involved. Cheers for the reply.
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