LTC/BTC rate after the first 24 hours of trading on Gox. [POLL]

Luckybit

hero member

Activity: 714

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Quote from: WikileaksDude on May 01, 2013, 10:23:55 AM

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

Litecoin indirectly inflates Bitcoin.

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: Nikolaj06 on May 01, 2013, 10:57:04 AM

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

You must live in backwards-world! I do hope one day it is BTC/LTC but um no... You are wrong. Sorry.

Thanks all for the votes... Keep 'em coming!

Cheers!

skull88

hero member

Activity: 683

Merit: 500

Quote from: digitalindustry on May 01, 2013, 12:15:55 PM

Quote from: bitcoiners on May 01, 2013, 10:27:24 AM

Quote from: WikileaksDude on May 01, 2013, 10:23:55 AM

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

Save these arguments for another thread, there are many of them. I'm asking your opinion on the exchange rate. Did you vote?

+1

>0.5 - see it spike to over $50 fiat then find an equal (post crash)- then steady climb.

And I thought, I was an optimist Tongue

skull88

hero member

Activity: 683

Merit: 500

I think 0.15, than it will fall to 0.7 where it will be stable for a while.

So voted >0.1

Don't know if this will be within the first 24h tho

johnblaze

sr. member

Activity: 252

Merit: 250

Quote from: Nikolaj06 on May 01, 2013, 10:57:04 AM

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

Quote from: chriswilmer on May 01, 2013, 11:04:55 AM

Your logic makes sense, but I agree with the other guy. Typically units are written as km/hour which means kilometers per hour which if the number was 100 would mean 100 kilometers per hour.

LTC/BTC would be interpreted as Litecoins per Bitcoin, which should be 30 something not 0.03.

*shrugs* These are just conventions I guess.

lol why would you try to apply mathemtical notation to currency pairs?
forex has been using this notation forever

and why do random bitcointalk members think that they know better than the actual exchanges?

Scott J

legendary

Activity: 1792

Merit: 1000

I voted for higher than 0.03 because I don't want to get my hopes up!

If we see around $10 equivalent, I will be very happy. Any more and I will be ecstatic Grin

Scott J

legendary

Activity: 1792

Merit: 1000

Quote from: Nikolaj06 on May 01, 2013, 10:57:04 AM

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

Currency pairs are always written this way. The currency on the left is always 1, so:

1 LTC = 0.03 BTC

digitalindustry

hero member

Activity: 798

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‘Try to be nice’

Quote from: bitcoiners on May 01, 2013, 10:27:24 AM

Quote from: WikileaksDude on May 01, 2013, 10:23:55 AM

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

Save these arguments for another thread, there are many of them. I'm asking your opinion on the exchange rate. Did you vote?

+1

>0.5 - see it spike to over $50 fiat then find an equal (post crash)- then steady climb.

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: Derrickc on May 01, 2013, 11:07:12 AM

Current 0.03 seems manipulated up from previous 0.02 steady state, probably in anticipation of MtGox. There's a risk holders who "bought the rumor" will "sell the news"

Read your news sources

Derrickc

newbie

Activity: 12

Merit: 0

Current 0.03 seems manipulated up from previous 0.02 steady state, probably in anticipation of MtGox. There's a risk holders who "bought the rumor" will "sell the news"

chriswilmer

legendary

Activity: 1008

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Quote from: ThatDGuy on May 01, 2013, 11:01:55 AM

Quote from: Nikolaj06 on May 01, 2013, 10:57:04 AM

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

BTC-E has it correct as far as I can tell:

BTC/USD ($127.84 right now) - so one BTC would equal $127.84
LTC/USD ($4.08) - one LTC equals $4.08
LTC/BTC (0.03) - so one LTC equals 0.03 of a BTC

Your logic makes sense, but I agree with the other guy. Typically units are written as km/hour which means kilometers per hour which if the number was 100 would mean 100 kilometers per hour.

LTC/BTC would be interpreted as Litecoins per Bitcoin, which should be 30 something not 0.03.

*shrugs* These are just conventions I guess.

ThatDGuy

hero member

Activity: 728

Merit: 500

Quote from: Nikolaj06 on May 01, 2013, 10:57:04 AM

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

BTC-E has it correct as far as I can tell:

BTC/USD ($127.84 right now) - so one BTC would equal $127.84
LTC/USD ($4.08) - one LTC equals $4.08
LTC/BTC (0.03) - so one LTC equals 0.03 of a BTC

Nikolaj06

member

Activity: 116

Merit: 10

WINSTARS - We are changing the face of gambling

I hate how it's LTC/BTC, which essentially means (where I'm from) LTC per BTC, which would be the inverse of what it is said on BTC-E.. It confuses me every time..
In other words, the current rate of 0.03179 is the amount of BTC you need to pay per LTC, right? therefore it's BTC/LTC and not LTC/BTC which would be 1/0.03179 or 31.46..

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

depending on when LTC will be supported in gox actually.

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: ManBearPig on May 01, 2013, 10:28:58 AM

Quote from: WikileaksDude on May 01, 2013, 10:23:55 AM

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

I think this an unfair question, he's made a poll, not asking for people to take sides.

Edit: I voted for the most popular answer.

Thank you and thanks for your vote!

Cheers

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: WikileaksDude on May 01, 2013, 10:23:55 AM

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

I think this an unfair question, he's made a poll, not asking for people to take sides.

Edit: I voted for the most popular answer.

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: WikileaksDude on May 01, 2013, 10:23:55 AM

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

Save these arguments for another thread, there are many of them. I'm asking your opinion on the exchange rate. Did you vote?

WikileaksDude

hero member

Activity: 490

Merit: 500

Why are you investing in a copypaste coin based on btc?

the only diference is that ltc cant be mined in asics (maybe in the future)

and that and confirm times are 2.5mins (less secure, and needs more confirmations), do you think that the 10mins confirmation time was choosen randomly by satoshi?

and the silver to gold, as litcoin to bitcoin doesn't make any sence, bitcoin is divisible by 8 decimals, and gold is not.

bitcoiners

sr. member

Activity: 322

Merit: 250

I'm not looking to start an argument about Litecoins or Bitcoins. LTC is going to Gox as can be seen here: https://mtgox.com/pdf/20130424_ddos_statement_and_faq.pdf

I would like to know what you think the exchange rate will be after the first 24 hours of trading on Gox.

BTW, the LTC/BTC exchange rate is currently trading around .03.

Cheers.

P.S. I easily see it at .05.

Topic: LTC/BTC rate after the first 24 hours of trading on Gox. [POLL] (Read 2390 times)