Topic: Think Litecoin will see the same growth as Bitcoin? (Read 3246 times)
I got more than I could have asked for on this one. Thanks
haha well I certainly hope so, but anything could come out the shadows and take the throne/s.
LTC no, nothing sets it aside from BTC or anything else.
It will be something new that takes the LTC crown, and perhaps even the BTC one too
It will be something new that takes the LTC crown, and perhaps even the BTC one too
Something new .... starts with 'e', ends in 'munie'
LTC no, nothing sets it aside from BTC or anything else.
It will be something new that takes the LTC crown, and perhaps even the BTC one too
It will be something new that takes the LTC crown, and perhaps even the BTC one too
at least wait for btc to crash before attempt on any alt,
If it breaks $4,50 its going to hit $10 very fast....
This is a valid argument in btc-e trollbox
If a coin came out that supports true transaction privacy ( coinjoin, zerocoin, or similar ) BUILT-IN, I believe many people here would embrace it, because that is something bitcoin does not Bitcoin does not presently offer. Especially useful if it could be merge mined, and thus benefits from bitcoin's massive hash power.
Until then, I see nothing really compelling about the various alts, including litecoin.
The one nice thing about the scrypt coins is that they can be mined without asics and some are still very low difficulty thus providing an avenue for little guys to solo mine and trade those coins for LTC, BTC, USD, etc. I think that is useful / healthy.
Until then, I see nothing really compelling about the various alts, including litecoin.
The one nice thing about the scrypt coins is that they can be mined without asics and some are still very low difficulty thus providing an avenue for little guys to solo mine and trade those coins for LTC, BTC, USD, etc. I think that is useful / healthy.
I don't personally believe that Litecoin will grow to as big as Bitcoin, but it's way too early to speculate on this in my opinion. Bitcoin was first introduced in 2009, that's 4 years ago. Litecoin came out in 2011, two years later.
I don't believe it will either. But it brings up an interesting point. With all of the other ALT currencies and LTC being called the Mastercard, what is Feathercoin? Novacoin? I believe that at some point there will be an established 2 or 3 coins. Bitcoin is the #1, will LTC be next? It will be very interesting to see where we are at this time next year. By they we should have a good idea of market cap, public usage/awareness and acceptability.
So I was checking out some other Alt-Coins, and was thinking that if anything was gonna be the next to take off. I was thinking of buy a bunch of Litecoin and sitting on them since Bitcoin right now is nuts, I figured this would be a good alternative. Any thoughts?
At one point I was in your position checking out altcoins and discovered Goldcoin. I believe it's the next coin getting ready to rocket!
Judging by your previous posts pushing gold coin, you are directly involved in it, which makes your predictions biased
Just shows that he believes it a bit more than someone who hasn't invested
I don't personally believe that Litecoin will grow to as big as Bitcoin, but it's way too early to speculate on this in my opinion. Bitcoin was first introduced in 2009, that's 4 years ago. Litecoin came out in 2011, two years later.
If LTC breaks above $4.50, then it will likely stay above that level for quite a long time.
If it breaks $4,50 its going to hit $10 very fast....
And another sock puppet enters the forum
Who are we talking about?
telostia
I looked away for a bit and now I am being called a sock puppet. I am aware of bitcointalk for about half a year now observing it but haven't actually communicated with the people here and today I happen to have free time so I went and register for it. Seeing as I am a newbie in status, I am aware that most people(like you for example, Mentaso) will criticize on the new guys like myself. But when I meant for the possibility of introducing bitcoins to clients such as Stilhshop tools for e.g(no specific shop/s will mention due to privacy concerns) as a proof of concept, I really mean it. Some of them already had an idea of bitcoins but it does seem alien to them to be using it as payment as it is not as widespread here in Australia as it is in other countries. Back to the topic. It is nice to see some are taking interest in this concept. Even a small speck of interest will mold into something amazing such as bitcoin itself.
And another sock puppet enters the forum
Who are we talking about?
telostia
If LTC breaks above $4.50, then it will likely stay above that level for quite a long time.
Litecoin or any other cyrpto currency value is going to be determined by one major event. When Bitcoin hits the 21 million mark.
The only way we will know if Bitcoin will retain its perceived value is when we reach the 21 million mark. If there are no more Bitcoins to be minted then the value of a Bitcoin will remain static or increase. By how much is impossible to predict. The more the perceived value the higher it will go.
However, if the mystery developer of the Bitcoin network decides to open up a new level of Bitcoin minting then the market price will dive sharply, recover after a period of time, then stabilize but at a much lower value. Again, impossible to predict but it will happen.
This will have a massive ripple effect on other crypto currencies and will determine user acceptance and perception of those crypto currencies which will of course determine their respective values. So to answer the OP's question it is entirely too early to tell what other crypto currencies will do in terms of performance until we reach this critical milestone of the 21 million mark.
The only way we will know if Bitcoin will retain its perceived value is when we reach the 21 million mark. If there are no more Bitcoins to be minted then the value of a Bitcoin will remain static or increase. By how much is impossible to predict. The more the perceived value the higher it will go.
However, if the mystery developer of the Bitcoin network decides to open up a new level of Bitcoin minting then the market price will dive sharply, recover after a period of time, then stabilize but at a much lower value. Again, impossible to predict but it will happen.
This will have a massive ripple effect on other crypto currencies and will determine user acceptance and perception of those crypto currencies which will of course determine their respective values. So to answer the OP's question it is entirely too early to tell what other crypto currencies will do in terms of performance until we reach this critical milestone of the 21 million mark.
I would stick with bitcoin...
Litecoin unlikely to outperform btc long term
Litecoin unlikely to outperform btc long term
Now that's a concept I never expected to realize. So bitcoin is like mastercard and altcoin/litecoin is visa for example. That would be pretty good because these coins are nation independent which means theres no conversion fees if you used the one coin type as your transaction. Maybe I should try to promote the coins in Australia so that my clients will get to know about it. Making a POS software system is within my reach and hearing about this I'm actually quite excited about. I can introduce the coins through the POS as a proof of concept 
. Thanks for the information MicroGuy. Good call there.
. Thanks for the information MicroGuy. Good call there.Let me know when you do and for what crypto.
And another sock puppet enters the forum
Who are we talking about?
And another sock puppet enters the forum
Now that's a concept I never expected to realize. So bitcoin is like mastercard and altcoin/litecoin is visa for example. That would be pretty good because these coins are nation independent which means theres no conversion fees if you used the one coin type as your transaction. Maybe I should try to promote the coins in Australia so that my clients will get to know about it. Making a POS software system is within my reach and hearing about this I'm actually quite excited about. I can introduce the coins through the POS as a proof of concept . Thanks for the information MicroGuy. Good call there.
. Thanks for the information MicroGuy. Good call there.Glad to be of service! And I wish you the greatest of success!
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