[2013-12-01] Bitcoin-Litecoin Ratio Returns to Historic Norm

[LiteCoinGuy]

Bitcoin-Litecoin Ratio Returns to Historic Norm

As bitcoin continues to climb to record highs, reaching as high as $1,141 on Bitstamp, it is joined in growth by a number of alternative digital currencies. The most visible has been litecoin, which has returned to what might be considered a normal trading range relative to bitcoin.

http://thegenesisblock.com/bitcoin-litecoin-ratio-returns-historic-norm-peercoin-climbs-200/

[TraderTimm]

Yes, too bad its all because of one pump-and-dumper called "fontas".

Nobody really gives two craps about Litecoin, except to trade it like a penny stock.

[beetcoin]

Yes, too bad its all because of one pump-and-dumper called "fontas".

Nobody really gives two craps about Litecoin, except to trade it like a penny stock.

at $30, it's a lot more than "penny stock." it was worth buying when it was $10, at least to me. if bitcoin hits the masses, i truly believe there will be another cryptocurrency there to accompany it.

[Tirapon]

Yes, too bad its all because of one pump-and-dumper called "fontas".

Nobody really gives two craps about Litecoin, except to trade it like a penny stock.

LMAO - you think Fontas actually pumps coins? He announces pumps whenever he thinks price will rise, half the time he's wrong and the times he's right he takes credit, so n00bs think he's some sort of 'grand manipulator'.

Fair play though, he doesn't underestimate the stupidity of the average population, and probably makes a ton of money.

[laowai80]

Hm, that's a stretch I think. What is the historic norm on them anyway, ltc/btc only traded like what, a year or two, and looking at that yearly chart it's hard to figure out the historic norm. I think we're only just approaching to establish some historic norm as both cryptos mature, not return to it, as there is nothing to return to yet

[Trade101]

Hm, that's a stretch I think. What is the historic norm on them anyway, ltc/btc only traded like what, a year or two, and looking at that yearly chart it's hard to figure out the historic norm. I think we're only just approaching to establish some historic norm as both cryptos mature, not return to it, as there is nothing to return to yet

this.

it´s hilarious to already talk about some historic norm, when the whole area of crypto currencies has just started

[nairb131]

It there any site in which you can over lay the two graphs over the history of litecoin? It would be interesting to see if they follow a certain pattern together.

[LiteCoinGuy]

maybe you can find that there:

https://litecointalk.org/

[bryant.coleman]

When I first bought LTC, I got 400 of them in exchange for just one BTC. Too bad that I didn't collected more LTC then. LTC went up... from 0.0025 to 0.035 (about 14 times), then went back to 0.009 (last month), before rebounding to 0.05 / BTC. The current price (0.0358) is a bit on the higher side I think... LTC will probably settle for somewhere around 0.025 / BTC.

[LiteCoinGuy]

When I first bought LTC, I got 400 of them in exchange for just one BTC. Too bad that I didn't collected more LTC then. LTC went up... from 0.0025 to 0.035 (about 14 times), then went back to 0.009 (last month), before rebounding to 0.05 / BTC. The current price (0.0358) is a bit on the higher side I think... LTC will probably settle for somewhere around 0.025 / BTC.

in the long turn it should be 1/4 of BTC

[Tirapon]

When I first bought LTC, I got 400 of them in exchange for just one BTC. Too bad that I didn't collected more LTC then. LTC went up... from 0.0025 to 0.035 (about 14 times), then went back to 0.009 (last month), before rebounding to 0.05 / BTC. The current price (0.0358) is a bit on the higher side I think... LTC will probably settle for somewhere around 0.025 / BTC.

in the long turn it should be 1/4 of BTC

@bryant.coleman: I agree, that is a reasonable price at the moment, anything over 0.03 is too high considering where Litecoin is right now (and considering Bitcoin is $1000+, so 0.03/LTC is over $30)

@LitecoinGuy: I admire your enthusiasm but I personally don't think Litecoin can capture a market cap equal to that of Bitcoin. I guess I can only hope to be proven wrong 

[bryant.coleman]

in the long turn it should be 1/4 of BTC

Most of the current demand for LTC comes from the Chinese. When they realize that the LTC is not as good as the BTC, there will be sudden (and sharp) price crash.

[laowai80]

Most of the current demand for LTC comes from the Chinese. When they realize that the LTC is not as good as the BTC, there will be sudden (and sharp) price crash.

And why would they realize this, may I ask? How exactly is LTC not as good as BTC?
If you talk about bitcoin infrastructure, there is equally no or very little infrastructure behind BTC and LTC in China. They don't use western websites to buy things. So if you mean there are already quite a number of online stores in western internet that accept bitcoin and very few that accept litecoin, the Chinese couldn't care less about it.

The Chinese have mostly just started discovering cryptos this year, they don't have many either bitcoin or litecoin online stores in chinese internet, not to mention offline stores. So they are free to write code from scratch to integrate any crypto they wish. They might even develop their own coin and promote and use that, it wouldn't take them long, considering how fast they copy most technical investions. You guys are so funny, claiming what might happen just because something has already happened, especially if it has happened just in your corner of the world