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Author Topic: Litecoin vs BTC  (Read 3429 times)
AndyRossy
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July 27, 2012, 05:51:56 PM
 #1

Hey

Why is LTC rising vs BTC? Is it just pure speculation?
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July 27, 2012, 05:54:48 PM
 #2

I tend to think so.

No services, no merchants....lots of miners.

Edit: I don't believe it is a "scam". It is a developing alternate cryptocurrency.

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wikiaki
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July 27, 2012, 05:56:19 PM
 #3

I think Litecoin is a scam.

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AndyRossy
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July 27, 2012, 05:57:39 PM
 #4

I think Litecoin is a scam.

Aha how so?
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July 27, 2012, 05:59:05 PM
 #5

This is just another copy of Bitcoin.

Pump and dump
Scam

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July 27, 2012, 06:06:52 PM
 #6

BITCOIN IS A SCAM
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July 27, 2012, 06:10:14 PM
 #7

Bitcoin = experiment

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July 27, 2012, 06:11:49 PM
 #8

Litecoin = copied experiment

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Ilikeham
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July 27, 2012, 06:14:33 PM
 #9

People just make accounts to post that word (scam) with no context or common sense.

Seriously.... why bother. Say something reasonable to back the post or stick to throwing food at your school cafeteria.
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July 27, 2012, 06:22:18 PM
 #10

Hey

Why is LTC rising vs BTC? Is it just pure speculation?

Look at merchants for Bitcoin, they're going down. Look at how many mining companies Bitcoin has, if anything is speculation it's Bitcoin. There's no engagement.

Litecoin is going up because:
I use less power to mine litecoins.
I get more bitcoins by mining litecoins.
Litecoiners want to open stores as soon as possible.
Bitcoiners just want to skim off the surface of whatever everyone else is doing.

The above does not apply to the people who devote a lot of time here.

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July 27, 2012, 06:36:27 PM
 #11

Look at merchants for Bitcoin, they're going down. Look at how many mining companies Bitcoin has, if anything is speculation it's Bitcoin. There's no engagement.

Litecoin is going up because:
I use less power to mine litecoins. <--wait.. wat? You have to use CPU/GPU to mine LTC.  BTC can be mined with FPGA and soon ASIC.
I get more bitcoins by mining litecoins. <--Why would you want Bitcoins when, by your own statements, Bitcoin merchants are going down and Litecoin is superior?
Litecoiners want to open stores as soon as possible. <--More like they want stores to open and accept LTC.
Bitcoiners just want to skim off the surface of whatever everyone else is doing. <--The fuck?

The above does not apply to the people who devote a lot of time here.

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July 27, 2012, 06:38:11 PM
 #12

I like Litecoin and everything, but the current price is just WAY too high.  A few hundred bucks worth of BTC is all that's keeping the house of cards that is the order book up above .003.

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July 27, 2012, 06:40:09 PM
 #13

Quote
I get more bitcoins by mining litecoins.

no comment

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SaltySpitoon
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July 27, 2012, 06:42:37 PM
 #14

Litecoins prices right now are mostly backed by BTC prices. Its a partnership not a Vs situation. People who trust in BTC trust in LTC, but at this point they are just years behind BTC in development. The people that mine/buy them are hoping that they will catch up.
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July 27, 2012, 07:00:22 PM
 #15

I like Litecoin and everything, but the current price is just WAY too high.  A few hundred bucks worth of BTC is all that's keeping the house of cards that is the order book up above .003.

^ THIS +1

Price is waaay too high.

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Tittiez
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July 27, 2012, 07:01:11 PM
 #16

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I get more bitcoins by mining litecoins.

no comment

No its true.

I mine ~.245 BTC a day with my GPUs.

I mine about 52 LTC a day with my GPUs.

At last sell price on BTC-e, 52LTC * 0.006192BTC = ~.328BTC

I'm making 0.083BTC more a day mining litecoins. That is almost $0.75 more at mtgox high currently.
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July 27, 2012, 07:27:51 PM
 #17

They prefer pay to survive LiteCoin ...

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July 27, 2012, 07:41:24 PM
 #18

Quote
I get more bitcoins by mining litecoins.

no comment

No its true.

I mine ~.245 BTC a day with my GPUs.

I mine about 52 LTC a day with my GPUs.

At last sell price on BTC-e, 52LTC * 0.006192BTC = ~.328BTC

I'm making 0.083BTC more a day mining litecoins. That is almost $0.75 more at mtgox high currently.

This is entirely true, and has been for some time now. BUT, this is soon to change. Difficulty is rising FAST, and profitability is going down.

Just a couple weeks ago, I was mining over 1000LTC/day @ 1.5Mh/s. Right now, at current diff, I can mine less than 200/day. In another 36hrs or so, that will drop even further.

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July 27, 2012, 07:44:57 PM
 #19

Check-mate Wink

Poland

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AndyRossy
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July 27, 2012, 08:33:29 PM
 #20

Quote
I get more bitcoins by mining litecoins.

no comment

No its true.

I mine ~.245 BTC a day with my GPUs.

I mine about 52 LTC a day with my GPUs.

At last sell price on BTC-e, 52LTC * 0.006192BTC = ~.328BTC

I'm making 0.083BTC more a day mining litecoins. That is almost $0.75 more at mtgox high currently.

This is entirely true, and has been for some time now. BUT, this is soon to change. Difficulty is rising FAST, and profitability is going down.

Just a couple weeks ago, I was mining over 1000LTC/day @ 1.5Mh/s. Right now, at current diff, I can mine less than 200/day. In another 36hrs or so, that will drop even further.

So if it's anything like BTC, LTC price will rise as difficulty goes up?
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