Litecoin Price to hit $25? - page 5.

FiiNALiZE

hero member

Activity: 868

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: Mjbmonetarymetals on August 30, 2013, 07:18:30 PM

It's entirely possible within 12 months we will see a - $1000 btc and a $100 ltc - within the next 6 months I see regulatory issues being resolved, further momentum in adoption of primarily btc and ltc.

There will be a vastly smaller amount of available supply of litcoin than say 1oz silver coins, so it could be argued that litcoin should/could be worth much more than $25.

You could make an analogy that rhodium=Bitcoin and Litecoin=gold rhodium is 100 times rarer than gold yet 1oz of gold costs $1400 and 1oz of rhodium costs $1125.00 rhodium peaked a few years ago at over $10,000 per oz. So really anything is possible Grin

If LTC hits $100 in 12 months, I'm going to drop out of college and buy my own private island Cheesy

Mjbmonetarymetals

legendary

Activity: 1096

Merit: 1067

It's entirely possible within 12 months we will see a - $1000 btc and a $100 ltc - within the next 6 months I see regulatory issues being resolved, further momentum in adoption of primarily btc and ltc.

There will be a vastly smaller amount of available supply of litcoin than say 1oz silver coins, so it could be argued that litcoin should/could be worth much more than $25.

You could make an analogy that rhodium=Bitcoin and Litecoin=gold rhodium is 100 times rarer than gold yet 1oz of gold costs $1400 and 1oz of rhodium costs $1125.00 rhodium peaked a few years ago at over $10,000 per oz. So really anything is possible Grin

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: Lauda on August 30, 2013, 02:23:55 PM

So you're expecting a coin that has almost non exsistant services to reach 1/4 of BTC.

I do believe there will be a jump when Gox adds it. $2.50 is hardly a hefty price right now.

And a jump to $25 isn't that insane given BTC is now pushing $140.

Neither LTC nor BTC are exactly saturating the 'services' market.

Both are operating purely based on supply and demand right now.

BTC is only starting to be included in business models for various companies.

So a jump when Gox adds it? Yes.

And another huge growth period if BTC saturates the market ? Definitely.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: rikkejohn on August 30, 2013, 05:11:09 PM

Maybe 10%, merely because it's less cumbersome than BTC.

If Silk Road add LTC, then I would expect it to soar in value - so a 20% might not be too fanciful

If Amazon and NewEgg started accepting Bitcoin I would expect BTC to soar in value.

The question you got to accept yourself is WHY would SR start accepting LTC? SR exists to make money. They make money when their merchants make money. Why would accepting a less know currency with less liquidity and on which most exchanges requires an exchange to BTC before going to fiat help their merchants?

rikkejohn

hero member

Activity: 644

Merit: 500

Maybe 10%, merely because it's less cumbersome than BTC.

If Silk Road add LTC, then I would expect it to soar in value - so a 20% might not be too fanciful

STT

legendary

Activity: 4102

Merit: 1454

Nobody has a clue what litecoins are, the occasional person has heard of BTC but second place is no place in the big scheme of things.

You need an actual advantage for LTC over BTC. Maybe the asics will achieve self awareness :p Is there any flaw or impediment in either the other can do better

miffman

legendary

Activity: 1904

Merit: 1005

PGP ID: 78B7B84D

LTC doesn't hold onto bitcoin, but for the price to increase people would need to stop adopting it and accept it as payment and so on

limbaugh

legendary

Activity: 1311

Merit: 1000

How's that LTC "sure thing" working out? If you have been waiting on the MTGox fairy to increase LTC value you have missed multiple opportunities to increase your holdings. Just sayin...

ronimacarroni

full member

Activity: 140

Merit: 100

I think being accepted in mtgox would make litecoins price go up.
But I don't think it'll make it implode if it doesn't like someone said earlier.
Atleast I hope not, I like litecoins.

marcovaldo

sr. member

Activity: 350

Merit: 250

When will LTC be accepted in MT.GOX? Roll Eyes

Adamlm

hero member

Activity: 822

Merit: 1002

Not 1/4, BTC is around $140 today and I doubt it will be under $100 again.
When more and more people start to mine and trade LTC services will come, it's natural.

Anyway, like the Russians say: Пoживём – yвидим

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

So you're expecting a coin that has almost non exsistant services to reach 1/4 of BTC.

Adamlm

hero member

Activity: 822

Merit: 1002

LTC will be more and more popular:

http://www.wired.com/wiredenterprise/2013/08/litecoin/ Roll Eyes

BittBurger

hero member

Activity: 924

Merit: 1001

So you guys think that just being accepted by GOX will incease LTC value possibly to $25 or even $75?

Is that because for once you can exchange it directly with USD?

Trying to get my head around the biggest motivating factor for why the price would go up.

Obviously ease of availability. Wouldn't have to go USD > BTC > LTC just to get LTC.

Is it that interaction directly between USD <--> LTC that would increase its value?

I hope coinbase adds Litecoin as well.

Online24o0n

member

Activity: 98

Merit: 10

"Ignorance never settles a question."

LTC does not follow BTC at all, but $25 for LTC is certainly obtainable in the very near future.

Liquid

hero member

Activity: 826

Merit: 500

Crypto Somnium

Quote from: ?? on ??

LTC does not differs enough from Bitcoin to survive. Scrypt, 2.5 minutes blocks, who really gives a shit about that anymore except morons, people
dumb enough to not realise LTC sux even though all they are using it for is speculations and eventualy exchange arbitrage. Not even YAC or XPM
are different enough to survive but most people don't see it because there is still no true alternative to Bitcoin. Making money on altcoins is just
fine but don't come to me saying some of them is The Next Big Thing.

That is a very bias opinion, critical thinking is nonexistent also if you think a cryptocurrency monopoly is healthy think again.

The volatile nature of Bitcoin and Litecoin suggests that competition between buyers and sellers determines the price this comes back to the fundamental framework of economics, supply and demand.

The supply and demand price of litecoin and bitcoin, that is the current real value market price realistically is the only price worth talking about.

Speculation only brings expectations and FUD only brings fear, both bring unrealistic economic data, unfortunately human emotions play a big role in the price of Litecoin and Bitcoin more than hard economic data.

Everything in this world is dynamic and changing for a reason we will never see the final price of Litecoin & Bitcoin so no point predicting irrelevant data.

Liquid

usahero

sr. member

Activity: 434

Merit: 250

You don't need something new or innovative for coin to survive. You need the coin to be liquid and usable. And coins don't just die. Only their price sinks, if coin becomes useless.

usahero

sr. member

Activity: 434

Merit: 250

Quote from: ?? on ??

Quote from: BittBurger on July 23, 2013, 03:40:27 PM

Therefore when Litecoin hits mainstream .... such as the first step - MtGox adding it

Gox won't add LTC. Bubble will explode. Many will lose big money but might finaly wake up to the truth, that LTC is outdated and almost useless.

+1

Although there are few things that make it valuable: Some exchanges now operate on alt/ltc pairs, and there is atlantis for LTC. If it doesn't come to gox, which most likely won't before 2014, the price should and will fall down.

tonto

hero member

Activity: 609

Merit: 500

Quote from: Kalshnikov on July 23, 2013, 03:53:34 PM

Will LTC replace BTC as number one?

No. LTC was created by someone who got pissed off that they missed the early days of BTC mining. Creating more and faster is/was not the answer. It just is an attempt at being the "early miners" in case the value ever goes up past a certain value. Ultimately it keeps the value of both down by obfuscating and confusing new people, and splitting users.

Bitcoins were never about "making money". The "mining" are simply verifying transactions. The creation of money (mining) was an incentive to get people to verify transactions until the network gets big enough to sustain itself.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: ?? on ??

Quote from: DeathAndTaxes on July 23, 2013, 04:12:30 PM

The amount of gold bullion is roughly equal to the amount of silver bullion. Is the price of silver roughly the same as the price of gold?

That is an invalid comparison. There has been more than 10x the amount of silver mined compared to gold. Just because a fraction of it is available as bullion does not negate the fact of the amount of the metal in existence.

I updated the post to include a variety of metrics but none come anywhere close to the gold:silver ratio. Lets go with 10x for mining production, the Silver Gold ratio right now is ~65:1 not 10:1.

Actually in the last 40 years it has NEVER been as low as 10:1.

Quote

Even so, it is only an estimate, we can not know exactly. But with the cryptos we can know with a much higher precision. Making for an interesting economic laboratory.

However sentiment is affected by estimates. Yet despite there being really no dispute that by any metric gold is no more than 20x as rare as silver (total historical production - 20:1, annual production - 10:1, total above ground metal: 5:1, total bullion: 0.5:1) its price has consistently 40x to 80x that of Silver for decades.

The idea that the cryptocurrency supply is more accurate isn't exactly true. Generation is very accurate but what matters is AVAILABLE currency and losess are unknown. How many Bitcoins are still in circulation? Still the point was that supply alone doesn't determine price. If it did then the silver:gold ratio would be much lower (no matter what metric one thinks is the most important).

Topic: Litecoin Price to hit $25? - page 5. (Read 12572 times)