Do you guys think any of the other alt-currencies will take off?
I like to think not. But I don't like knock offs. BTC is special because of it's programming.
Topic: BTC or LTC? - page 2. (Read 2893 times)
I like to think not. But I don't like knock offs. BTC is special because of it's programming.
BTC for me for sure...
though in the long run i see LTC being far more prevalent
though in the long run i see LTC being far more prevalent
they start competing among each other, and that will cause the price of all the coins to go down... a little.
Do you guys think any of the other alt-currencies will take off?
It's always good to have backups of anything digital, I'd just wish they'd put up an SCI that works for LTC already though, haven't found one yet.
I only like LTC as a potential speculation investment.
I don't like knock offs, though if it could become the "silver" everyone speaks of, I think that would be pretty cool actually.
I don't like knock offs, though if it could become the "silver" everyone speaks of, I think that would be pretty cool actually.
Both of course. But currently I prefer LTC over BTC. 
Wouldn't be sell off their GPU rigs and then buy the ASICs instead? They are going to be really cheap
The more the merrier 
Both.
BTC is the orginal, it is the most common, it is the most for per coin.
LTC is more profitable and uses scrypt hashing.
BTC is the orginal, it is the most common, it is the most for per coin.
LTC is more profitable and uses scrypt hashing.
for now, LTC for sure.
after it goes to mtgox, the price will go up, everyone starts mining, and the dificulty will rise (becoming similar to BTC)
of course btc has more popularity in media, so it's price will stay up for some time
after it goes to mtgox, the price will go up, everyone starts mining, and the dificulty will rise (becoming similar to BTC)
of course btc has more popularity in media, so it's price will stay up for some time
BTC is already well established, but LTC is very attractive to me because of it being in such an early stage.. mmm mining!
What are the challenges people face with Bitcoin mining that pushes them toward mining for Litecoin, like are the hardware requirements really that different?
The biggest issue with Bitcoin mining is that everyone is doing it, the network size is huge, and as a result, the difficulty is very high. That, in addition to the recent reward drop per block makes it harder to find a graphics card that can mine more bitcoins than you would have to spend on your power bill to keep it running.
Litecoins, on the other hand, can still be easily mined with a lot of the lower end cards at a profit. Of course, if the price of Bitcoins goes up, it could be possible to profitably mine with cards that aren't viable now, but historically, Litecoins tend to follow Bitcoins as far as price changes, and so even if the price of bitcoins went up, it would probably still be more profitable to mine litecoins.
Awesome response!! LTC it is!
btc for sure btc
LTC because with the soon to be released ASICs it will mean GPU miners will be put out of business. At this point most will move to LTC so I suspect values will rise.
Both.
The way I see it, having 2 popular crypto coins increases the value of coins in general because it reduces risk for greater adoption.
2 different crypto standards
1 suited for pro/hardcore miners in the near future (BTC with ASIC)
1 continues to have a low barrier to entry with low difficulty/hash rate (LTC with GPUS)
As long as pools and miners stay numerous both coins will prosper.
The way I see it, having 2 popular crypto coins increases the value of coins in general because it reduces risk for greater adoption.
2 different crypto standards
1 suited for pro/hardcore miners in the near future (BTC with ASIC)
1 continues to have a low barrier to entry with low difficulty/hash rate (LTC with GPUS)
As long as pools and miners stay numerous both coins will prosper.
This.
Currencies of ANY type don't exist in a do or die competitive environment. Sure, they can gain or lose value relative to each other, but they aren't at each others throats in a death struggle. In fact, the existence of multiple currencies alongside one another helps to stabilize them both. When the price of one goes up, people sell it and purchase the lower priced one, causing the price of the first to go down and the second to go up. Having two or more currencies that are trade-able helps reduce sudden ups and downs in the value, which reassures outside parties of it's stability, which is good for general acceptance of the currency.
both and all other cryptocurrencies... we need all of them..
Both.
The way I see it, having 2 popular crypto coins increases the value of coins in general because it reduces risk for greater adoption.
2 different crypto standards
1 suited for pro/hardcore miners in the near future (BTC with ASIC)
1 continues to have a low barrier to entry with low difficulty/hash rate (LTC with GPUS)
As long as pools and miners stay numerous both coins will prosper.
The way I see it, having 2 popular crypto coins increases the value of coins in general because it reduces risk for greater adoption.
2 different crypto standards
1 suited for pro/hardcore miners in the near future (BTC with ASIC)
1 continues to have a low barrier to entry with low difficulty/hash rate (LTC with GPUS)
As long as pools and miners stay numerous both coins will prosper.
The problem i have with LTC is that its mostly just mined to buy bitcoins.
I could maybe see a future for it if everything plays out right, as asics flood the marked, and all the gpu miners migrate to LTC.
I could maybe see a future for it if everything plays out right, as asics flood the marked, and all the gpu miners migrate to LTC.
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