Why is the BTC/LTC price changing so much

PenAndPaper

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Quote from: LouReed on November 28, 2013, 11:24:47 AM

I think this article has a lot to do with the last 12-20 hours price spike:

http://www.businessinsider.com/introduction-to-litecoin-2013-11

Hype brings the rise in price and rise brings more hype. I think it takes a little push and litecoin will hit 100$.

notme

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Quote from: PenAndPaper on November 28, 2013, 02:01:13 AM

Quote from: notme on November 28, 2013, 01:44:11 AM

Quote from: PenAndPaper on November 28, 2013, 01:40:13 AM

Quote from: notme on November 28, 2013, 12:52:43 AM

Quote from: PenAndPaper on November 28, 2013, 12:39:01 AM

Quote from: Coinseeker on November 27, 2013, 11:37:21 PM

Quote from: PenAndPaper on November 27, 2013, 11:33:39 PM

Some people buying based on a weird belief that litecoin is cheap and bitcoin is expensive... I wonder what will happen when litecoin becomes expensive as well Shocked

Some of us will get rich. Grin

Obviously but i 'm asking if there is a 3rd coin that people will move to after litecoin.

NMC, XPM, NVC, TRC, PPC, ...and 100 others.

Take your pick.

I 'm asking if there is an obvious pick like litecoin was. No alt coin seems to stand out at the moment.

If LTC was obvious, why don't you have more?

More than what? More than i can afford? Your question doesn't even make sense Roll Eyes

So you went all in before the bubble? Good job. Why are you asking us about what to buy next? It seems like you know what you are doing.

LouReed

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Nosce te Ipsum

I think this article has a lot to do with the last 12-20 hours price spike:

http://www.businessinsider.com/introduction-to-litecoin-2013-11

dexX7

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- Colbee is the brother of the CEO of BTCCHINA which received a solid funding recently.

- https://www.okpay.com/en/company/news/okpay-now-supports-litecoin-currency.html

- CaVirtEx adds LTC: https://i.imgur.com/XfnANny.png

- http://finance.yahoo.com/news/litecoin-heres-everything-know-digital-193238685.html

nobbynobbynoob

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Annuit cœptis humanae libertas

Quote from: byronbb on November 27, 2013, 06:47:42 PM

Well LTC is $34 and BTC is $1050....Silver is $20 an oz and Gold $1200....So it basically is.

Chodpapa put the ratio at 1/(e^4) or 0.018, perhaps he was wrong, or perhaps a huge correction is imminent. https://bitcointalksearch.org/topic/--259385. Litecoin has no shorting mechanism at all, and binfinex doesn't count. I wish i had gotten into LTC having forseen the psychological narrative of "buying the cheaper one", but I was too chicken.

(emphasis mine)

No pun intended, right? Grin

eindbaas

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umad?

If you really are an investor you invest in alt coins aswell.

thddx

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Of the people I've spoken to about BTC, they all feel they have missed the boat. Everybody wants to realize the 'early adopter' gains, so they move to research alternatives. It leads them to LTC where they easily buy in to its supposed advantages in hopes that they can get rich on minimal fiat.

I have a feeling it's going to end badly for these folks. LTC might hit $100, but at that point I can see it stagnating and crashing. This assumes LTC does not achieve vendor adoption. If it does, perhaps it will have staying power.

Kenshin

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Quote from: davider on November 28, 2013, 08:23:10 AM

XPM is interesting because at least it is not a lazy carbon copy of litecoin.

Personally, I am putting the following top 3 in my book.

Bitcoin, Litecoin, then Primecoin.

These are the only coins which I only focus and mining. Not to forget Namecoin, but I think that is the 4th in my book.

davider

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XPM is interesting because at least it is not a lazy carbon copy of litecoin.

PenAndPaper

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Quote from: johnyj on November 28, 2013, 08:14:51 AM

When LTC is in a frenzy, the trend almost reached its top, it clearly indicated that only speculators are supporting the price

Supporting the price of what? LTC? Isn't that what people talk against bitcoin anyway? Don't be like them.

johnyj

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Beyond Imagination

When LTC is in a frenzy, the trend almost reached its top, it clearly indicated that only speculators are supporting the price

tutkarz

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I think altcoin's are very good for bitcoin ecosystem.
First, they allow to spam transactions like its no tomorrow. And it's faster and cheaper to do this with alts. As merchant I prefer to not spam bitcoin because don't want to grow it's blockchain too big too fast.
Second, some of you are wrong that if bitcoin die other cryptos will die too. Alt coins are here to allow experiments with new ideas and when governments will try to regulate bitcoin too much, we can spam them altcoin's to death and this will be too expensive for them to kill them all (like killing bitcoin alone would be easy).

Said that I don't think alts are competing with bitcoin, they are helping it grow and making it even stronger.

PenAndPaper

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Quote from: domob on November 28, 2013, 03:23:41 AM

Quote from: PenAndPaper on November 28, 2013, 01:40:13 AM

Quote from: notme on November 28, 2013, 12:52:43 AM

NMC, XPM, NVC, TRC, PPC, ...and 100 others.

Take your pick.

I 'm asking if there is an obvious pick like litecoin was. No alt coin seems to stand out at the moment.

Take a look at NMC, which has a lot of potential IMHO (because it offers really distinct uses). Also PPC is interesting, as PoS is technically different (much more different than LTC to BTC). At least, that's my personal opinion, and I have some (small compared to BTC) holdings in LTC, NMC and PPC.

Yes ppc and nmc bring something new to the table but i 'm considering primecoin as well

domob

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Quote from: PenAndPaper on November 28, 2013, 01:40:13 AM

Quote from: notme on November 28, 2013, 12:52:43 AM

NMC, XPM, NVC, TRC, PPC, ...and 100 others.

Take your pick.

I 'm asking if there is an obvious pick like litecoin was. No alt coin seems to stand out at the moment.

Take a look at NMC, which has a lot of potential IMHO (because it offers really distinct uses). Also PPC is interesting, as PoS is technically different (much more different than LTC to BTC). At least, that's my personal opinion, and I have some (small compared to BTC) holdings in LTC, NMC and PPC.

Coinseeker

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Quote from: PenAndPaper on November 28, 2013, 12:39:01 AM

Quote from: Coinseeker on November 27, 2013, 11:37:21 PM

Quote from: PenAndPaper on November 27, 2013, 11:33:39 PM

Some people buying based on a weird belief that litecoin is cheap and bitcoin is expensive... I wonder what will happen when litecoin becomes expensive as well Shocked

Some of us will get rich. Grin

Obviously but i 'm asking if there is a 3rd coin that people will move to after litecoin.

I went off blockchain for my 3rd crypto-currency. My choices from my first month in the space have been:

Bitcoin, Litecoin and Ripple.

PenAndPaper

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Quote from: notme on November 28, 2013, 01:44:11 AM

Quote from: PenAndPaper on November 28, 2013, 01:40:13 AM

Quote from: notme on November 28, 2013, 12:52:43 AM

Quote from: PenAndPaper on November 28, 2013, 12:39:01 AM

Quote from: Coinseeker on November 27, 2013, 11:37:21 PM

Quote from: PenAndPaper on November 27, 2013, 11:33:39 PM

Some people buying based on a weird belief that litecoin is cheap and bitcoin is expensive... I wonder what will happen when litecoin becomes expensive as well Shocked

Some of us will get rich. Grin

Obviously but i 'm asking if there is a 3rd coin that people will move to after litecoin.

NMC, XPM, NVC, TRC, PPC, ...and 100 others.

Take your pick.

I 'm asking if there is an obvious pick like litecoin was. No alt coin seems to stand out at the moment.

If LTC was obvious, why don't you have more?

More than what? More than i can afford? Your question doesn't even make sense Roll Eyes

anu

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RepuX - Enterprise Blockchain Protocol

Quote from: CADguy on November 27, 2013, 05:03:30 PM

anyone have any idea why btc is dropping so much in relation to LTC, its practically double in the last 24hrs...??

edit: as in is there a specific reason that you can think of, no just "well people want ltc more"

LiteCoin gives late comers the illusion of being early adopters. Now that Litecoin isn't available for pennies any more, we should expect yet another blockchain filling that need.

notme

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Quote from: PenAndPaper on November 28, 2013, 01:40:13 AM

Quote from: notme on November 28, 2013, 12:52:43 AM

Quote from: PenAndPaper on November 28, 2013, 12:39:01 AM

Quote from: Coinseeker on November 27, 2013, 11:37:21 PM

Quote from: PenAndPaper on November 27, 2013, 11:33:39 PM

Some people buying based on a weird belief that litecoin is cheap and bitcoin is expensive... I wonder what will happen when litecoin becomes expensive as well Shocked

Some of us will get rich. Grin

Obviously but i 'm asking if there is a 3rd coin that people will move to after litecoin.

NMC, XPM, NVC, TRC, PPC, ...and 100 others.

Take your pick.

I 'm asking if there is an obvious pick like litecoin was. No alt coin seems to stand out at the moment.

If LTC was obvious, why don't you have more?

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: notme on November 28, 2013, 12:52:43 AM

Quote from: PenAndPaper on November 28, 2013, 12:39:01 AM

Quote from: Coinseeker on November 27, 2013, 11:37:21 PM

Quote from: PenAndPaper on November 27, 2013, 11:33:39 PM

Some people buying based on a weird belief that litecoin is cheap and bitcoin is expensive... I wonder what will happen when litecoin becomes expensive as well Shocked

Some of us will get rich. Grin

Obviously but i 'm asking if there is a 3rd coin that people will move to after litecoin.

NMC, XPM, NVC, TRC, PPC, ...and 100 others.

Take your pick.

I 'm asking if there is an obvious pick like litecoin was. No alt coin seems to stand out at the moment.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: PenAndPaper on November 28, 2013, 12:39:01 AM

Quote from: Coinseeker on November 27, 2013, 11:37:21 PM

Quote from: PenAndPaper on November 27, 2013, 11:33:39 PM

Some people buying based on a weird belief that litecoin is cheap and bitcoin is expensive... I wonder what will happen when litecoin becomes expensive as well Shocked

Some of us will get rich. Grin

Obviously but i 'm asking if there is a 3rd coin that people will move to after litecoin.

NMC, XPM, NVC, TRC, PPC, ...and 100 others.

Take your pick.

Topic: Why is the BTC/LTC price changing so much (Read 3813 times)