Topic: LTC up to $1 - page 3. (Read 7998 times)
*crosses fingers*
Just so you know LTC is already up to $37 http://www.google.com/finance?q=NYSE:LTC
fine, as long as it doesn't do what LTCM did:
Just so you know LTC is already up to $37 http://www.google.com/finance?q=NYSE:LTC
LOL while BTC is up to only $3.08
http://www.google.com/finance?q=NYSE%3ABTC&ei=4RsYUYDuBceXwQPYLQThough they're both doing very well year to date.
Just so you know LTC is already up to $37 http://www.google.com/finance?q=NYSE:LTC
I agree that merchant LTC acceptance is important because then LTC becomes a CURRENCY, not a HEDGE.
However, for the LTC/$fiat$ exchange rate to rise, you need a reliable LTC/$fiat$ EXCHANGE!
BTC-E buys/sells, but you have to go thru some insane process that looks like it involves losing around 20% in transaction fees, if not losing you cash outright...
However, for the LTC/$fiat$ exchange rate to rise, you need a reliable LTC/$fiat$ EXCHANGE!
BTC-E buys/sells, but you have to go thru some insane process that looks like it involves losing around 20% in transaction fees, if not losing you cash outright...
if bitpay integrated it, then suddenly tons of sites including Wordpress would be accepting LTC.
If anyone created a payment processor that accepts LTC in exchange for fiat into a merchant's bank account Litecoin would be no longer "just another alt coin".
I do this. You can sell me litecoin for paypal and get cash. I started a litcoin friends page of facebook. If you like our page and send your wallet address I will give you a free litecoin. Because of the price volatility of bitcoin i do not feel safe holding large quantities of btc. I am going to look into litcoin as a method for my customers to get btc. If the prices is more stable or rising at a more believable rate I think I am going to hold litecoins and let my customers buy them and convert to btc. Just a thought right now but i am going to look into it more. I am not buying any btc at these prices I believe it is over valued and due for a major correction. I am not sure what is going to happen to ltc when btc tanks but will be watching.
Payment processor = Merchant signs up with you, customers go to their site and pay with LTC, you convert the LTC to fiat and deposit into merchant's bank account.
if bitpay integrated it, then suddenly tons of sites including Wordpress would be accepting LTC.
If anyone created a payment processor that accepts LTC in exchange for fiat into a merchant's bank account Litecoin would be no longer "just another alt coin".
I do this. You can sell me litecoin for paypal and get cash. I started a litcoin friends page of facebook. If you like our page and send your wallet address I will give you a free litecoin. Because of the price volatility of bitcoin i do not feel safe holding large quantities of btc. I am going to look into litcoin as a method for my customers to get btc. If the prices is more stable or rising at a more believable rate I think I am going to hold litecoins and let my customers buy them and convert to btc. Just a thought right now but i am going to look into it more. I am not buying any btc at these prices I believe it is over valued and due for a major correction. I am not sure what is going to happen to ltc when btc tanks but will be watching.
Invest in SatoshiDice: https://www.litecoinglobal.com/security/S.DICE-PT
Then when they pay dividends every month, they get converted from BTC to LTC, thus lifting up LTC further.
As long as there are enough long-term investors, and SDICE does well, everyone stays happy.
Then when they pay dividends every month, they get converted from BTC to LTC, thus lifting up LTC further.
As long as there are enough long-term investors, and SDICE does well, everyone stays happy.
LTC is going to certainly need to raise in value in order to remain profitable to miners. It'd be stupid to have a quad GPU rig mining $.80 worth of LTC.
*sees thread title for the first time*
*almost poops with excitement*
*runs to check btc-e*
*hangs head in disappointment*
Damn you and your misguiding thread titles!
*almost poops with excitement*
*runs to check btc-e*
*hangs head in disappointment*
Damn you and your misguiding thread titles!
*Smoothie laughs in entertainment*
lol
*sees thread title for the first time*
*almost poops with excitement*
*runs to check btc-e*
*hangs head in disappointment*
Damn you and your misguiding thread titles!
*almost poops with excitement*
*runs to check btc-e*
*hangs head in disappointment*
Damn you and your misguiding thread titles!
*Smoothie laughs in entertainment*
*sees thread title for the first time*
*almost poops with excitement*
*runs to check btc-e*
*hangs head in disappointment*
Damn you and your misguiding thread titles!
*almost poops with excitement*
*runs to check btc-e*
*hangs head in disappointment*
Damn you and your misguiding thread titles!
Is it likely that initially litecoin will have a bubble similar to Bitcoin, which will be mostly speculation.
I know btc can be easily traded for LTC and vice versa on btc-e, but is it possible that a stand alone wallet could do a conversion on the fly between btc-ltc allowing the user to chose dynamically whats in there wallet like having only LTC but being able to pay for btc products/services saving the merchants from having to price in both BTC/LTC.
I know btc can be easily traded for LTC and vice versa on btc-e, but is it possible that a stand alone wallet could do a conversion on the fly between btc-ltc allowing the user to chose dynamically whats in there wallet like having only LTC but being able to pay for btc products/services saving the merchants from having to price in both BTC/LTC.
Didnt read all of the responses i just wanted to add that I know how to make litecoins go to a dollar. I would love to help do it. The way to get lite coin to a dollars is to put it in the hands of as many bitcoin cleint holders as possiable. As soon as it gets some value behind it sites will start taking it. I am pretty sure that I can sell litecoins to the people who buy from me. I am going to give it a try. 
as soon as I get some.
as soon as I get some. 
Vendor acceptance is the only way to increase real value. Anything else you can imagine is just a form of speculative bubble that will eventually pop.
+10
I'll be accepting LTC when we open the shop. It's only to promote the idea of LTC, because I am probably the only person around her, who has even heard of litecoin (or any other bitcoin-like value transfer systems)
It'd be nice; currently LTC is more stable than BTC and is beginning an upward trend
http://www.ltc-charts.com/period-charts.php?period=6-months&resolution=day&pair=ltc-usd&market=btc-e
http://www.ltc-charts.com/period-charts.php?period=6-months&resolution=day&pair=ltc-usd&market=btc-e
Patiently waiting..... and mining
Quote
be patient litecoin is under 15 months old, bitcoins value at the same age was under $1 also.
even under 10 cent
4. having infrastructure inplace such as hotwallets, bitpays, etc to allow merchants to accept litecoins in exchange for fiat. * hint hint *
http://forum.litecoin.net//index.php/topic,1139.0.html
just pointing out methods where some are getting LTC for cash.
next is cash for LTC
patience
next is cash for LTC
patience
Yer but you should have Buying Litecoins as the title
i never made the subject title of this thread. i just 'hinted' at projects happening. which relates to other posts.
now to answer the original posters question. how to get litecoin price to naturally increase. (valued pricing)
1 no pump and dump (speculated/manipulated pricing)
2. network difficulty increase would cause more costs to miners (electric vs time) so they would sell their coins at higher prices to break even/make profit. (value backed pricing)
3. to have an easy way for random customers to buy litecoins using fiat. without the reliance of getting bitcoin first * hint hint * increasing the userbase
4. having infrastructure inplace such as hotwallets, bitpays, etc to allow merchants to accept litecoins in exchange for fiat. * hint hint *
some projects seem cryptic and secretive as they do not want to create hype (pumps and dumps) before anything is actually available.
even bitcoin projects such as new services bitinstant want to release are hidden in a shrowd of secrecy untill they are released, to avoid prolems, hype and many other things.
be patient litecoin is under 15 months old, bitcoins value at the same age was under $1 also.
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