Topic: Bitcoin DOWN, Litecoin UP - page 2. (Read 4959 times)
the litcoin price rally goes on in the litecoin chart ...
I really don't understand the comparisons of Litecoin to silver, they aren't even apples to oranges. It is more like apples to EVE isk.
Seriously, there are no significant distinctions between the two currencies. The only real difference is the network effect(it is money because people say it is etc.). Bitcoin has the crowd and Litecoin doesn't, simple as that.
Now Freicoin on the other hand has a very innovative approach. The only thing I don't like about Freicoin is that it is pre seeded to the devs. Inflationary innovation or no, no one will jump on board with that kind of nonsense.
Silver is an entirely different element with different properties! It has industrial purposes! How does that mean Litecoin has a place with bitcoin!?
If anything, Freicoin would be the silver to bitcoin's gold. An inflationary currency next to a deflationary one.
Seriously, there are no significant distinctions between the two currencies. The only real difference is the network effect(it is money because people say it is etc.). Bitcoin has the crowd and Litecoin doesn't, simple as that.
Now Freicoin on the other hand has a very innovative approach. The only thing I don't like about Freicoin is that it is pre seeded to the devs. Inflationary innovation or no, no one will jump on board with that kind of nonsense.
Silver is an entirely different element with different properties! It has industrial purposes! How does that mean Litecoin has a place with bitcoin!?
If anything, Freicoin would be the silver to bitcoin's gold. An inflationary currency next to a deflationary one.
Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Bitcoin went through the same phase.
There was not 18M BTC when Gox starts trading them. (a lot of BTC was lost when early miners though they are useless .. what about Litecoin ?)
The # is arbitrary. To say that there is more litecoins than bitcoins does not prove much other than that the expect price should be LTC < BTC. Another moot point.
Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Bitcoin went through the same phase.
There was not 18M BTC when Gox starts trading them. (a lot of BTC was lost when early miners though they are useless .. what about Litecoin ?)
Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Bitcoin went through the same phase.
+1
It's remarkable how similar the trajectories of bitcoin and litecoin are... even down to the criticisms of litecoins from the incumbent (bitcoin) community...
Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Wait .. soon early adopters start to dump 18,871,750 scam-coins :-)
Litecoin trading on Gox may end up the other way in terms of pricing.With massive coin supply, hoarders dream of $5-$10 coins and everyone looking for quick profits , investors might get turned off seeing the amount of coins on offer...
Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Bitcoin went through the same phase.
Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Wait .. soon early adopters start to dump 18,871,750 scam-coins :-)
Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Of course it is! Much like Bitcoin when it was $2-3... Bitcoin still is, though it is a much more costly operation now.
Litecoin has increased in anticipation of a boom in price when added on Gox.I myself purchased some.
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
However looking at the trades i've seen giant walls of 2,000 btc put and pulled to support prices.
IMO Litecoin is more prone to manipulation currently..
Anytime there is a market space and there is only 1 option, there will be more....resistance is futile 
I really don't like Litecoin that much, it seems to me that it serves to miners only. I don't like the name. From marketing point of view it is a weak Bitcoin so there is no way it will even touch bigger fraction of the BTC price.
I had around 200 Litecoins - bad investment, I've sold them with little loss two days before thanks to a bubble which has developed now. Becaus MtGox said it will implement LTC or I don't know.
I had around 200 Litecoins - bad investment, I've sold them with little loss two days before thanks to a bubble which has developed now. Becaus MtGox said it will implement LTC or I don't know.
Last LTC/BTC trade: 0.02732 BTC
*4 (total future money supply of Bitcoin's) = 0.10928. Over 10% valuation of Litecoin versus Bitcoin? I wouldn't even be willing to bet on that if I granted Litecoin a "backup" or "silver" function since that would be at a much lower valuation. Anyone buying at current levels for anything a little more longer term is betting on Litecoin dethroning Bitcoin as "#1 Digital Cash/Gold". Is the probability for that better than 10%? Very doubtful.
*4 (total future money supply of Bitcoin's) = 0.10928. Over 10% valuation of Litecoin versus Bitcoin? I wouldn't even be willing to bet on that if I granted Litecoin a "backup" or "silver" function since that would be at a much lower valuation. Anyone buying at current levels for anything a little more longer term is betting on Litecoin dethroning Bitcoin as "#1 Digital Cash/Gold". Is the probability for that better than 10%? Very doubtful.
Litecoin does not have to dethrone Bitcoin in order to be successful. Silver didnt have to dethrone gold to be successful and recognized right?
This is true
Long term speaking , both, bitcoin and litecoin are in uptrends
Last LTC/BTC trade: 0.02732 BTC
*4 (total future money supply of Bitcoin's) = 0.10928. Over 10% valuation of Litecoin versus Bitcoin? I wouldn't even be willing to bet on that if I granted Litecoin a "backup" or "silver" function since that would be at a much lower valuation. Anyone buying at current levels for anything a little more longer term is betting on Litecoin dethroning Bitcoin as "#1 Digital Cash/Gold". Is the probability for that better than 10%? Very doubtful.
*4 (total future money supply of Bitcoin's) = 0.10928. Over 10% valuation of Litecoin versus Bitcoin? I wouldn't even be willing to bet on that if I granted Litecoin a "backup" or "silver" function since that would be at a much lower valuation. Anyone buying at current levels for anything a little more longer term is betting on Litecoin dethroning Bitcoin as "#1 Digital Cash/Gold". Is the probability for that better than 10%? Very doubtful.
Litecoin does not have to dethrone Bitcoin in order to be successful. Silver didnt have to dethrone gold to be successful and recognized right?
I have to admit OP I love the title of the thread.
gold > silver > NMC > BTC/LTC
Sorry, will not support scam-coins. ( alt-coin ? ... same as blockchain fork to me, I will stay on longer chain )
Litecoin would be the absolute LEAST scammy of the alt-coins and the blockchain is 50% longer
\///\
That! Namecoin. It is a decentralized basis DNS, and works together with the BTC and does not compete with him. That's what I keep part of my investment portfolio. All the rest - parasitism, similar fungi on trees. IMHO
I totally agree. NMC are surely the most interesting alt-coin, and right now a lot of development is going on in the community (after no development happened for a long time).
Litecoin was conceived as silver to Bitcoin's gold by design. I actually would expect a variation of the LTC/BTC price over time in many ways comparable to that of silver/gold. I actually would also expect a high degree of correlation between LTC and BTC over time when compared to USD, EUR, CAD etc. Is it possible to trade LTC/BTC profitably. Of course just like silver/gold. As for charts the chart that I find the most interesting over time is LTC/BTC rather than LTC/USD.
I agree, at first I have been very focused on LTC/USD but for the past weeks I have shifted my attention more to the LTC/BTC price more.
it makes a lot of sense to monitor the LTC/BTC ratio, similar to the Silver/Gold ratio
Are there any good resources to investigate this?
Sorry, will not support scam-coins. ( alt-coin ? ... same as blockchain fork to me, I will stay on longer chain )
Litecoin would be the absolute LEAST scammy of the alt-coins and the blockchain is 50% longer
\///\
That! Namecoin. It is a decentralized basis DNS, and works together with the BTC and does not compete with him. That's what I keep part of my investment portfolio. All the rest - parasitism, similar fungi on trees. IMHO
Litecoin was conceived as silver to Bitcoin's gold by design. I actually would expect a variation of the LTC/BTC price over time in many ways comparable to that of silver/gold. I actually would also expect a high degree of correlation between LTC and BTC over time when compared to USD, EUR, CAD etc. Is it possible to trade LTC/BTC profitably. Of course just like silver/gold. As for charts the chart that I find the most interesting over time is LTC/BTC rather than LTC/USD.
I agree, at first I have been very focused on LTC/USD but for the past weeks I have shifted my attention more to the LTC/BTC price more.
it makes a lot of sense to monitor the LTC/BTC ratio, similar to the Silver/Gold ratio
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