Topic: Effect on BTC prices if LTC is hosted on MtGox? Speculate, vote! - page 2. (Read 6949 times)
April 08, 2013, 10:09:37 PM
I still can't dig up a definitive, official announcement date for LTC being hosted on MtGox. I keep hearing mixed stories
April 08, 2013, 09:39:35 AM
BTC ~= Gold! (factorial)
LTC ~= Silver!
...
I don't see any problem / issue. Just evolution into the future.
LTC ~= Silver!
...
I don't see any problem / issue. Just evolution into the future.
LTC is Quantitative Easing for Bitcoin. It contributes nothing and only serves to confuse and dilute. If someone think that either LTC's "increased speed" or "increased number" are benefits of any sort then that person is stupid beyond measure.
Agreed! At a time when Bitcoin is getting attention from the masses, adding something similar will, for most people, just add to confusion. Or worse.
"Why use LTC instead of BTC?"
"Well, LTC fixes these problems with BTC..."
"Problems? ..." uh oh...
April 08, 2013, 09:30:56 AM
Quote
2) LTC moving to Mtgox causes a short spike in LTC price and short drop in BTC price as people can easily diversify using mtgox.
This, but i don't think BTC will drop much.
LTC up, Bitcoin up.
As LTC's only goal is the destruction of all cryptocurrency, probably not good.
Any basis for this strong statement aside from emotion (i.e. meaninglessness)?
links to other threads here, anything...
BTC ~= Gold! (factorial)
LTC ~= Silver!
...
I don't see any problem / issue. Just evolution into the future.
LTC ~= Silver!
...
I don't see any problem / issue. Just evolution into the future.
LTC is Quantitative Easing for Bitcoin. It contributes nothing and only serves to confuse and dilute. If someone think that either LTC's "increased speed" or "increased number" are benefits of any sort then that person is stupid beyond measure.
BTC ~= Gold! (factorial)
LTC ~= Silver!
...
I don't see any problem / issue. Just evolution into the future.
LTC ~= Silver!
...
I don't see any problem / issue. Just evolution into the future.
As LTC's only goal is the destruction of all cryptocurrency, probably not good.
LTC being added to mtgox would (in my opinion) affect BTC price as much or more than it would affect LTC price. The largest bitcoin exchange suddenly diversified, with even more traffic, and an easy route to move funds between two competing currencies in larger volumes than is possible with the btc-e user base? Perhaps the thread will be moved but I won't be the one to do it, this question is more valid than some of the spam rampant in this subforum.
IRC has been abuzz with LTC soon to be hosted on MtGox.
I see three different scenarios:
1) The combined traffic of BTC and LTC users both on gox puts gox in its grave.
2) LTC moving to Mtgox causes a short spike in LTC price and short drop in BTC price as people can easily diversify using mtgox.
3) The price of both LTC and BTC stabilize at a lower level, because people could move BTC money into LTC when BTC drops, and vice versa for BTC when LTC drops
any other speculation? I'll add alternate hypotheses to the poll.
I see three different scenarios:
1) The combined traffic of BTC and LTC users both on gox puts gox in its grave.
2) LTC moving to Mtgox causes a short spike in LTC price and short drop in BTC price as people can easily diversify using mtgox.
3) The price of both LTC and BTC stabilize at a lower level, because people could move BTC money into LTC when BTC drops, and vice versa for BTC when LTC drops
any other speculation? I'll add alternate hypotheses to the poll.
I don't like this development...people are stampeding their way into Mtgox to get a hold of the all precious Bitcoin that they've heard is the new 'digital' gold...how will they feel when they hear something almost exactly like it is available and that Bitcoin is not that scarce. It could put people off and cool them down from all the hype. I hope I'm wrong, because this could be one of the worst things for BTC.
I see one scenario: This thread gets moved to Alternate Cryptocurrencies and remains there. 
IRC has been abuzz with LTC soon to be hosted on MtGox.
I see five different scenarios:
1) The combined traffic of BTC and LTC users both on gox puts gox in its grave.
2) LTC moving to Mtgox causes a short spike in LTC price and short drop in BTC price as people can easily diversify using mtgox.
3) The price of both LTC and BTC stabilize at a lower level, because people could move BTC money into LTC when BTC drops, and vice versa for BTC when LTC drops
4) LTC being available on mtgox confuses new users and convinces them not to invest in either cryptocurrency
5) BTC and LTC are two different entities, and both will continue being traded with no price affect from Mtgox adding LTC
6) BTC up, LTC up (specifically as a result of LTC being added to MtGox)
any other speculation? I'll add alternate hypotheses to the poll.
I see five different scenarios:
1) The combined traffic of BTC and LTC users both on gox puts gox in its grave.
2) LTC moving to Mtgox causes a short spike in LTC price and short drop in BTC price as people can easily diversify using mtgox.
3) The price of both LTC and BTC stabilize at a lower level, because people could move BTC money into LTC when BTC drops, and vice versa for BTC when LTC drops
4) LTC being available on mtgox confuses new users and convinces them not to invest in either cryptocurrency
5) BTC and LTC are two different entities, and both will continue being traded with no price affect from Mtgox adding LTC
6) BTC up, LTC up (specifically as a result of LTC being added to MtGox)
any other speculation? I'll add alternate hypotheses to the poll.
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