Will Litecoin ever see prices reach $1000?

[guybrushthreepwood]

Do I buy it now or wait for the price to drop a little?

I'd buy now. Price has been pretty steady overall.

Thanks, there are sooooo many different types of coins.

Go for one of the up-and-coming ones rather than LTC. Bigger money to be made if you get em whilst they're cheap.

[adam9317]

Do I buy it now or wait for the price to drop a little?

I'm thinking of buying now...it was around $41 but now it's at $29... I'm pretty sure it'll at least go back to $41 sometime soon. Mt. Gox is about to open up their platform for people to trade LTC too. And I'm sure Coinbase will open up their service for Litecoin too, maybe not soon but definitely sometime since the creator of Litecoin works at Coinbase. I can exchange one bitcoin for a bunch of LTC right, I think i'll do that today or tomorrow.

Invest into Diamond - DMD  Litecoin is hard to get such a high price

PS: I own several hundred Litecoin already

You're the 2nd person to mention DMD in this thread... can you tell me more about it or show me where to get info? I think I want to invest in LTC and one or 2 other atl coins too. Namecoin sounds pretty interesting.

Your saying about MT GOX and coinbase adding LTC soon, how soon do you reckon?

Thanks

[coinerer]

Do I buy it now or wait for the price to drop a little?

Buying at the correction is good idea, but buying in front of the collapse is not. So, answer is not easy. I hope it will not collapse.

[Dafar]

Do I buy it now or wait for the price to drop a little?

I'd buy now. Price has been pretty steady overall.

Thanks, there are sooooo many different types of coins.

Go for one of the up-and-coming ones rather than LTC. Bigger money to be made if you get em whilst they're cheap.

Which ones are these? Peercoin and Namecoin?


Peercoin - implemented a new idea that addresses some of the concerns that people have with Bitcoin and Litecoin mining not being profitable enough to provide security.

Namecoin - provides a distributed way of creating domain names (similar to "reddit.com" or "google.com") that is decentralized. In the same way other cryptocurrencies decentralize currency, namecoin aims to decentralize domain names.


I feel like bitcoin opened up a world of other opportunities where a lot of good investments and money can be made. I really need to spend more time learning about these alt coins.

[hilariousandco]

It needs some merchants behind it. It will keep rising as Bitcoin rises and people jump onto the 'next best currency'.

This pretty much. I can't see it getting anywhere close to Bitcoin in value without any merchants accepting it. I've heard almost nothing about Litecoin in the media, and even when I have it's only a tiny passing reference.

[adam9317]

Do I buy it now or wait for the price to drop a little?

Buying at the correction is good idea, but buying in front of the collapse is not. So, answer is not easy. I hope it will not collapse.

This is the key question, if we all knew this we would be millionaires!

[Lala]

$1000? Maybe in a very long time. I'd say its very capable to hit 3 figures though.

[guybrushthreepwood]

Which ones are these? Peercoin and Namecoin?

Nah, take a gamble on one of the cheaper ones. Feathercoin, WorldCoin, Megacoin etc. Do some research and see which one has something that the others can't or don't offer.

[adam9317]

Which ones are these? Peercoin and Namecoin?

Nah, take a gamble on one of the cheaper ones. Feathercoin, WorldCoin, Megacoin etc. Do some research and see which one has something that the others can't or don't offer.

Lots of people are talking about quarkcoin and dodgecoin, but am I missing something? What is so special about it?

[Lala]

Which ones are these? Peercoin and Namecoin?

Nah, take a gamble on one of the cheaper ones. Feathercoin, WorldCoin, Megacoin etc. Do some research and see which one has something that the others can't or don't offer.

Lots of people are talking about quarkcoin and dodgecoin, but am I missing something? What is so special about it?

It stands out because it has the most dumpers and fastest dumping speeds on exchanges.

[Dafar]

Do I buy it now or wait for the price to drop a little?

I'm thinking of buying now...it was around $41 but now it's at $29... I'm pretty sure it'll at least go back to $41 sometime soon. Mt. Gox is about to open up their platform for people to trade LTC too. And I'm sure Coinbase will open up their service for Litecoin too, maybe not soon but definitely sometime since the creator of Litecoin works at Coinbase. I can exchange one bitcoin for a bunch of LTC right, I think i'll do that today or tomorrow.

Invest into Diamond - DMD  Litecoin is hard to get such a high price

PS: I own several hundred Litecoin already

You're the 2nd person to mention DMD in this thread... can you tell me more about it or show me where to get info? I think I want to invest in LTC and one or 2 other atl coins too. Namecoin sounds pretty interesting.

Your saying about MT GOX and coinbase adding LTC soon, how soon do you reckon?

Thanks

Mt gox -- maybe soon, i'll have to find the source of where I heard this.

Coinbase -- no idea. I think for now they are focused on bitcoin and making it simple for the common person to use, and this is something bitcoin desperately needs. I think they are gonna wait on litecoin to not confuse people

It needs some merchants behind it. It will keep rising as Bitcoin rises and people jump onto the 'next best currency'.

This pretty much. I can't see it getting anywhere close to Bitcoin in value without any merchants accepting it. I've heard almost nothing about Litecoin in the media, and even when I have it's only a tiny passing reference.

And that is exactly why I want to invest. If you keep hearing about it, it's likely you missed the boat and missed out on crazy insane returns. Bitcoin is the first cryptocurrency the world has ever seen and the media/public is barely able to understand it as it is. Litecoin and alt coins is a whole another level of confusion. Even people who know how to buy bitcoin might not know how to buy alt coins. When that changes wouldn't the prices rise a lot? And about merchant adoption, litecoin is basically a copy of bitcoin, as bitcoin paves the way for cryptocurrency adoption and builds the infrastructure, it won't be any issue to start accepting litecoin as well. But since right now it at such an early stage is the main reason I would want to invest in it.

[adam9317]

Do I buy it now or wait for the price to drop a little?

I'm thinking of buying now...it was around $41 but now it's at $29... I'm pretty sure it'll at least go back to $41 sometime soon. Mt. Gox is about to open up their platform for people to trade LTC too. And I'm sure Coinbase will open up their service for Litecoin too, maybe not soon but definitely sometime since the creator of Litecoin works at Coinbase. I can exchange one bitcoin for a bunch of LTC right, I think i'll do that today or tomorrow.

Invest into Diamond - DMD  Litecoin is hard to get such a high price

PS: I own several hundred Litecoin already

You're the 2nd person to mention DMD in this thread... can you tell me more about it or show me where to get info? I think I want to invest in LTC and one or 2 other atl coins too. Namecoin sounds pretty interesting.

Your saying about MT GOX and coinbase adding LTC soon, how soon do you reckon?

Thanks

Mt gox -- maybe soon, i'll have to find the source of where I heard this.

Coinbase -- no idea. I think for now they are focused on bitcoin and making it simple for the common person to use, and this is something bitcoin desperately needs. I think they are gonna wait on litecoin to not confuse people

It needs some merchants behind it. It will keep rising as Bitcoin rises and people jump onto the 'next best currency'.

This pretty much. I can't see it getting anywhere close to Bitcoin in value without any merchants accepting it. I've heard almost nothing about Litecoin in the media, and even when I have it's only a tiny passing reference.

And that is exactly why I want to invest. If you keep hearing about it, it's likely you missed the boat and missed out on crazy insane returns. Bitcoin is the first cryptocurrency the world has ever seen and the media/public is barely able to understand it as it is. Litecoin and alt coins is a whole another level of confusion. Even people who know how to buy bitcoin might not know how to buy alt coins. When that changes wouldn't the prices rise a lot? And about merchant adoption, litecoin is basically a copy of bitcoin, as bitcoin paves the way for cryptocurrency adoption and builds the infrastructure, it won't be any issue to start accepting litecoin as well. But since right now it at such an early stage is the main reason I would want to invest in it.

I definitely don't want to miss the boat for litecoin

[hilariousandco]

Which ones are these? Peercoin and Namecoin?

Nah, take a gamble on one of the cheaper ones. Feathercoin, WorldCoin, Megacoin etc. Do some research and see which one has something that the others can't or don't offer.

Lots of people are talking about quarkcoin and dodgecoin, but am I missing something? What is so special about it?

They're just bagholders trying to pimp out and promote coins they got in early with and hold lots of. People missed the BTC train so they want to try get rich quick off a shitty alt, so they just spam about how good it is in the hope the price rises so they can pump and dump their coins.

[Dafar]

Bump...

Any more insight on litecoins?