Cool Poll, thanks. I was happy to see that many think as I do, it will be an interesting poll to revue post LTC listing on Gox.
+1 for the OP
Topic: Effect on BTC prices if LTC is hosted on MtGox? Speculate, vote! (Read 6949 times)
BTC will go down, LTC will go up.
BTC is quite stable now at the 100$ value so for many investors it is not that interesting anymore.
LTC is still in it's early days, the network hashrate and difficulty is at it's all time high and more (underground) merchants are starting to accepts Litecoins.
So for an investor/newbie it will be far more interesting to invest in LTC then in BTC.
I expect a lot of BTC owners to sell some BTC for LTC, thus decreasing value of BTC and increasing value of LTC.
But hey, I could be wrong.
Also, the CEO of MtGox has said on Twitter that LTC and NMC will be added. Now they are just being vague and saying "other crypto currencies" but I think that there is a good chance that LTC and NMC get added.
BTC is quite stable now at the 100$ value so for many investors it is not that interesting anymore.
LTC is still in it's early days, the network hashrate and difficulty is at it's all time high and more (underground) merchants are starting to accepts Litecoins.
So for an investor/newbie it will be far more interesting to invest in LTC then in BTC.
I expect a lot of BTC owners to sell some BTC for LTC, thus decreasing value of BTC and increasing value of LTC.
But hey, I could be wrong.
Also, the CEO of MtGox has said on Twitter that LTC and NMC will be added. Now they are just being vague and saying "other crypto currencies" but I think that there is a good chance that LTC and NMC get added.
April 20, 2013, 05:02:30 PM
I may be wrong but it looks like in the long run, the only advantage of LTC for most people would be that transactions are faster than BTC.
is there any way that BTC transactions could be made faster in order to compete with LTC for buying stuff?
is there any way that BTC transactions could be made faster in order to compete with LTC for buying stuff?
That's the most irelevant difference between LTC/BTC.
LTC will provide diversification and that's why LTC might be even 1:1 on BTC. When some big players move at the only crypto it generates vola and panic/greed. Too much vola makes a currency useless.
On a multi crypto enviroment panic sellers can move to the alternative crypto(s) and the overall market vola on crypto stays lower. But don't worry, one 50% less volatile bitcoin at 30% market cap is definitively more worth than 1 BTC of todays 95% cap.
April 20, 2013, 03:27:55 PM
I may be wrong but it looks like in the long run, the only advantage of LTC for most people would be that transactions are faster than BTC.
is there any way that BTC transactions could be made faster in order to compete with LTC for buying stuff?
is there any way that BTC transactions could be made faster in order to compete with LTC for buying stuff?
April 13, 2013, 10:09:36 AM
This will be the last really good buying window for BTC/LTC for quite some time.
April 12, 2013, 11:26:21 PM
Price could also go down couldnt it?
Not where bulls are concerned. April 12, 2013, 09:50:21 PM
Price could also go down couldnt it?
April 09, 2013, 05:13:45 AM
btc will go up and ltc too
April 09, 2013, 04:53:45 AM
they have announced, they'll fix the lag by 17th, so LTC should be there after that.
April 09, 2013, 03:54:37 AM
LTC will skyrocket in the short term...
On another note, am I the only one worried and terrified by the fact that a single site alone(MT Gox) actually sets the price for everything..?
On another note, am I the only one worried and terrified by the fact that a single site alone(MT Gox) actually sets the price for everything..?
it doesn't
if it crashes, a million compeditos would rush in, and the price would drop and I would buy buy buy
April 09, 2013, 03:43:55 AM
BTC ~= Gold! (factorial)
LTC ~= Silver!
...
I don't see any problem / issue. Just evolution into the future.
+1LTC ~= Silver!
...
I don't see any problem / issue. Just evolution into the future.
If it's to hard to understand the gold-silver comparison, I don't think this person would understand btc and buy them. The part that more cryptocurrencies exist just like metals is probably the easiest part to understand.
April 09, 2013, 03:39:17 AM
LTC will skyrocket in the short term...
On another note, am I the only one worried and terrified by the fact that a single site alone(MT Gox) actually sets the price for everything..?
On another note, am I the only one worried and terrified by the fact that a single site alone(MT Gox) actually sets the price for everything..?
You are not alone.
April 09, 2013, 03:32:08 AM
LTC will skyrocket in the short term...
On another note, am I the only one worried and terrified by the fact that a single site alone(MT Gox) actually sets the price for everything..?
On another note, am I the only one worried and terrified by the fact that a single site alone(MT Gox) actually sets the price for everything..?
April 09, 2013, 03:21:05 AM
Honestly I don't see GOX supporting LTC before they fix the problems with the BTC trade engine. How could they? Imagine the revolt they would face from the Bitcoin user base if they added another coin without fixing their current problems? Indeed their user base is already in open revolt with them over this.
I think Gox will add other currencies for sure, but I think it will be months down the line. The volume of trades/money/users coming into Gox is increasing every month at an incredible rate. They are overwhelmed as is. As much as I would like LTC on GOX- its pretty inconceivable that they would add LTC while in the midst of all their current problems.
I think Gox will add other currencies for sure, but I think it will be months down the line. The volume of trades/money/users coming into Gox is increasing every month at an incredible rate. They are overwhelmed as is. As much as I would like LTC on GOX- its pretty inconceivable that they would add LTC while in the midst of all their current problems.
April 09, 2013, 02:19:53 AM
As LTC's only goal is the destruction of all cryptocurrency, probably not good.
bla bla bla
btc ltc up
April 09, 2013, 01:10:27 AM
Over 300.000 people suddenly get access to Litecoin when MtGox accepts them... Imagine what happens... The price will go up like a rocket...
April 09, 2013, 12:40:32 AM
LTC arriba, BTC will slow down a bit in short term.
April 09, 2013, 12:32:52 AM
I have a strong feeling that many newcomers will see it as an investment opportunity to invest in LTC but primarily because they'll think it may spike just as BTC did (plus the huge price difference will sway them). This will cause an initial increase followed by a drop and then a return to gradual progression.
Or it will jump up to $545.89 exactly and we will all be filthy rich.
Or it will jump up to $545.89 exactly and we will all be filthy rich.
April 09, 2013, 12:30:31 AM
If they add LTC and it looks they will at some point soon, it will be good thing for ltc holders but awful for cryptocurrency being adopeted by masses.
They are still to be introduced to bitcoin, last thing needed is another thing to come to them.
They are still to be introduced to bitcoin, last thing needed is another thing to come to them.
April 09, 2013, 12:24:27 AM
That's because there isn't one yet.
Jump to: