Why is Litecoin so cheap? - page 6. | Bitcointalksearch.org

Hannah faeos

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Quote from: 300 on May 06, 2014, 07:52:56 PM

There are supposed to be four times more litecoins (84 million) than bitcoins (21 million) so with everything else being equal, Litecoin should cost 1/4 that of Bitcoin. But Litecoin is currently trading at about 10 dollars each while Bitcoin is trading at around 400-500 dollars each which makes it undervalued by a factor of 10.

Has it got something to do with the distribution curve (ie. more litecoins are produced in the first few years compared to Bitcoin)?

Production and circulation are you using to evaluate the value is obviously unreasonable.

Can determine the value of the only requirement

Stevenrm87

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Quote from: johnmatrix on May 06, 2014, 11:22:03 PM

Litecoin price is about 1/40 of bitcoin and it has been historically at least 1/30 so yeah litecoin can be underpriced

And Feathercoin was generally 1/20th of what Litecoin was. Just sayin

freedomno1

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Learning the troll avoidance button :)

Quote from: johnmatrix on May 06, 2014, 11:22:03 PM

Litecoin price is about 1/40 of bitcoin and it has been historically at least 1/30 so yeah litecoin can be underpriced

True their are fluctuations in the rate that does make it seem like a deal at certain times

tuneman1980

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Quote from: tuneman1980 on May 06, 2014, 11:20:59 PM

Quote from: kooke on May 06, 2014, 10:21:46 PM

Maybe it's not that litecoins are cheap, but rather, that bitcoin is overpriced Wink

Sorry, but I believe that both Bitcoin and Litecoin are underpriced currently.

I meant to include this link showing the trend lines.

http://www.cryptocoinstats.com/priceforecaster.php

johnmatrix

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Litecoin price is about 1/40 of bitcoin and it has been historically at least 1/30 so yeah litecoin can be underpriced

tuneman1980

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Quote from: kooke on May 06, 2014, 10:21:46 PM

Maybe it's not that litecoins are cheap, but rather, that bitcoin is overpriced Wink

Sorry, but I believe that both Bitcoin and Litecoin are underpriced currently.

Stevenrm87

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Quote from: bcd on May 06, 2014, 10:47:41 PM

Quote from: Stevenrm87 on May 06, 2014, 09:36:28 PM

Because the top 100 LTC addresses possess over 50% of all available coins in circulation.

Can you provide link to top 100 addresses?

Sure,

http://bitinfocharts.com/top-100-richest-litecoin-addresses.html

bcd

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Quote from: Stevenrm87 on May 06, 2014, 09:36:28 PM

Because the top 100 LTC addresses possess over 50% of all available coins in circulation.

Can you provide link to top 100 addresses?

kooke

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Bitcoin super-duper-mega-ultra-hyper-node

Maybe it's not that litecoins are cheap, but rather, that bitcoin is overpriced Wink

kelsey

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Quote from: Stevenrm87 on May 06, 2014, 10:01:54 PM

Quote from: kelsey on May 06, 2014, 09:47:39 PM

Quote from: Stevenrm87 on May 06, 2014, 09:36:28 PM

Because the top 100 LTC addresses possess over 50% of all available coins in circulation.

Maybe because alot of them address are exchanges and similar holding many peoples coins.

Which is a problem don't you think?

Sorry lost, why would it be?

Also its impossible to map the distribution based on address' a) for the reason I mentioned early b) also for almost the opposite reason; large holders also spread the coins across address' for security (or they are idiots)........so either way any examination of the address' is no more accurate then a random guess.

Stevenrm87

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Quote from: kelsey on May 06, 2014, 09:47:39 PM

Quote from: Stevenrm87 on May 06, 2014, 09:36:28 PM

Because the top 100 LTC addresses possess over 50% of all available coins in circulation.

Maybe because alot of them address are exchanges and similar holding many peoples coins.

Which is a problem don't you think?

kelsey

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Quote from: Stevenrm87 on May 06, 2014, 09:36:28 PM

Because the top 100 LTC addresses possess over 50% of all available coins in circulation.

Maybe because alot of them address are exchanges and similar holding many peoples coins.

Stevenrm87

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Because the top 100 LTC addresses possess over 50% of all available coins in circulation.

sonysasankan

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Quote

so with everything else being equal

But they are not equal.... bitcoins are mined with expensive ASICs and the difficulty is crazy, hence making it very difficult to get them even with the TH/s farms. Litecoins on the other hand are mineable with any GPU and the difficulty is relatively easy compared to bitcoin. That means more litecoins are sold to the highest bidder. Once scrypt asics come in the form of heavy artillery from knc and other such manufacturers, litecoins too will get rarer and more difficult to mine, making the price go up and should eventually (theoretically) stabilize at 1/4th - 1/5th of bitcoins prices. Gridseed farms are getting popular now and its only a batter of time before the tanks roll out. If you're thinking long term, litecoins are an excellent buy right now.

Ed4252

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More places are currently accepting Bitcoin compared to Litecoin so the demand is greater.

300

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There are supposed to be four times more litecoins (84 million) than bitcoins (21 million) so with everything else being equal, Litecoin should cost 1/4 that of Bitcoin. But Litecoin is currently trading at about 10 dollars each while Bitcoin is trading at around 400-500 dollars each which makes it undervalued by a factor of 10.

Has it got something to do with the distribution curve (ie. more litecoins are produced in the first few years compared to Bitcoin)?

Topic: Why is Litecoin so cheap? - page 6. (Read 5945 times)