Topic: The LTC effect on BTC - page 3. (Read 3452 times)

There goes the old "The higher the return/profit, the higher shall be the risk as well" rule.

But that's the economic law which we all are regulated by...

Risk is still proportional I believe. No such thing as 'early adopters', unless you know stuff others don't.

Good luck being an LTC early adopter though...

More likely there will be Open Transaction or colored coin - Bitcoin hybrid derivatives.

I am beginning to think, that CC's as a whole will reach x Trillion, but at the expense of where BTC would go alone. I think BTC will go to $x100K each. But that 'x' will be a lot lower because of LTC.

It appears that a newer *innovative* coins, come along, eg LTC, the innovation is ok, but the real hook is it allows people who missed out being early adopter for BTC to wrest value/market share from BTC early adopters as their currency takes more of the market share.

It seems more people will jump on the newer coin as more people will have heard about CC at that time and thus look to put some interest$$ in the LTC of the day as they can see it has more potential to go up in a shorter time. The network effect is huge as well.

The asics moving into  BTC pushing GFX cards out will give a much larger dedicated userbase to LTC (until scrypt asics come along), and so garner more network effect. Also the GFX cards are subsidized by resale value and other uses, not so asics.

These factors force early adopter BTC holders to swap their BTC for LTC, as it does not cost them much in terms of net BTC's and real cost of the BTC for them. There must by 1000's of early adopter BTC's swapped for LTC right now, that simply would not have occurred otherwise.

IF LTC = 0.25BTC or higher that gives at least around 500M+ market cap (on coins out now) that would have otherwise been in BTC.

So BTC will rise but some significant proportion will be siphoned of by LTC and other coins.

It is also interesting to see the volume of BTC/LTC trade on BTCe is greater or similar to btc on gox (i think if I am reading it right). This will force LTC to Gox

This will also happen to LTC by some other coin.

I also find it absurd that people keep saying, "coin x" is not a get rich quick scheme. The whole reason people keep jumping on new coins is because BTC/CC is a get rich quick scheme, every one knows it, not much if anything in the last 4 - 5 years has gone up as much as BTC or even LTC in that last 2 years....and they are still in their infancy.

The bet that jump on coin x because it may go up it a lot better than not jumping particularly where you already have btc or miners.

I am not saying any of this is bad, in fact is may be good as it allows different coins/strategies and synergistic effects that BTC may not achiever on its own.

It is also worthwhile nothing that very few "first" or early "dominant" of anything in Tech/IT/inter tubes remain the dominant force. Eg, os before Microsoft, Mosaic (most of you probably never heard the first web browser), myspace, xerox park interface, nokia,

I am not an early adopter of either coin!

edit

CC = Crypto Currency