LTC has no USD value - page 2. | Bitcointalksearch.org

bitpop

legendary

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Quote from: superresistant on December 20, 2013, 05:17:27 AM

Quote from: bitpop on December 20, 2013, 04:11:39 AM

Ltc=btc/usd otherwise you can arbitrage
It will never have it's own usd value

What the hell are you claiming ?
You can buy Litecoin directly with FIAT money. If you can buy it with FIAT, it has a price.

Oh maybe you want to talk about value ? What's value then ? What make something valuable ? Come on, tell us what you think...

Fuck you dog, you don't even seem to understand what I'm sayin'

superresistant

legendary

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Quote from: bitpop on December 20, 2013, 04:11:39 AM

Ltc=btc/usd otherwise you can arbitrage
It will never have it's own usd value

What the hell are you claiming ?
You can buy Litecoin directly with FIAT money. If you can buy it with FIAT, it has a price.

Oh maybe you want to talk about value ? What's value then ? What make something valuable ? Come on, tell us what you think...

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: bitpop on December 20, 2013, 03:49:28 AM

It gets its USD value from BTC

That's the definition of "alternate" coin, it will never be a primary, ever. Actually, it's impossible.

Wow Much true -

but i make much % when LTC go up with BTC

- Quark making whole new currency , new investor base ! much wow !

bitpop

legendary

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Ltc=btc/usd otherwise you can arbitrage
It will never have it's own usd value

NUFCrichard

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Quote from: User705 on December 20, 2013, 03:55:02 AM

That's like saying BTC has no value of its own. It gets it's value from USD.

And the USD has no value of its own because it gets it's value from .... oh wait.

bitpop

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It cannot have it's own price or you would have a nice arbitrage opportunity.

dimitriyremerov

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Quote from: bitpop on December 20, 2013, 03:49:28 AM

It gets its USD value from BTC

That's the definition of "alternate" coin, it will never be a primary, ever. Actually, it's impossible.

That's not true. It is weakly connected to BTC. When BTC falls momentarily it also falls because BTC is the main cryptocurrency and when BTC price falls all cryptocurrencies also fall because BTC represents them.

However, besides being cryptocurrency, LTC has other benefits which are different from BTC. And that saying, it value against BTC grows over time.
Look at precisely one month ago. LTC was about 0.01 BTC. Now it's 0.03 BTC.

So, the bottom line is that BTC price certainly affects LTC price for the reason of both being a cryptocurrencies. But it's not the only reason of its price. And the other reasons affect value of LTC independent from BTC.

User705

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First 100% Liquid Stablecoin Backed by Gold

That's like saying BTC has no value of its own. It gets it's value from USD.

Amph

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all alt coin should suck from usd/eur instead btc, w8 until cryptsy add usd trading, and i'll trade directly with that

down with eur/usd!

bitpop

legendary

Activity: 2912

Merit: 1060

It gets its USD value from BTC

That's the definition of "alternate" coin, it will never be a primary, ever. Actually, it's impossible.

Topic: LTC has no USD value - page 2. (Read 1768 times)