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Topic: Why is the BTC/LTC price changing so much - page 2. (Read 3813 times)

sr. member
Activity: 252
Merit: 250
November 28, 2013, 12:39:01 AM
#26
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.
hero member
Activity: 574
Merit: 506
November 28, 2013, 12:04:36 AM
#25
Well  Smiley it seems, that Max Kaiser was right all along. LTC will be soon worth 50 dollars. Congrats to its holders.
sr. member
Activity: 433
Merit: 250
November 27, 2013, 11:40:27 PM
#24
I ended up converting my litecoins that I've mined for free (minus electricity) and converted them to 5 BTC today.

I still have 130 lite coins left for "just in case" it makes it big..

but the thing is, if bitcoin dies, then all the other coins die.

however, if lite coin dies, bitcoin can still continue. does that make sense? so that was my decision in converting LTC into BTC, while it was at $39 per ltc.
sr. member
Activity: 252
Merit: 250
November 27, 2013, 11:37:21 PM
#23
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
sr. member
Activity: 252
Merit: 250
November 27, 2013, 11:33:39 PM
#22
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
legendary
Activity: 1168
Merit: 1000
November 27, 2013, 11:31:16 PM
#21
LTC o' gonna crash hard soon..
sr. member
Activity: 299
Merit: 253
November 27, 2013, 11:26:47 PM
#20
Yup, litecoin is actually less scalable. More blocks means more overhead.
Can you explain this / link to something that may explain it? I don't see how scalability is related to block generation speed at all.
legendary
Activity: 3878
Merit: 1193
November 27, 2013, 10:43:15 PM
#19
It is trivial to increase the divisibility of bitcoin. And litecoin is not a solution to bitcoin scaling issues. If bitcoin can't scale and fails, then so does litecoin.

Yup, litecoin is actually less scalable. More blocks means more overhead.

An altcoin that can handle fast microtransactions will come about sooner or later.
legendary
Activity: 1512
Merit: 1000
@theshmadz
November 27, 2013, 09:23:27 PM
#18
This litecoin shit makes no sense to me, the market cap is now approaching 10% the market cap of bitcoin. I have heard litecoin supporters blather a million times why litcoin should have value, but I still don't see it. Why not just use bitcoin? The faster confirmation shit is flat out deception. I suppose this litecoin rally could simply be a manifestation of humanity's psychological and logical weakness with regard to integer unit prices ($900 is too "expensive", $30 is so much more "reasonable"... Sigh).  But markets can only up put with the collective stupidity of humans for so long. Reality always comes back, it is just a question of when. I would be very very surprised if there was not a heavy correction in the LTC/BTC rate soon.

I can't try to make sense of it, but I can tell you my personal thoughts.

If bitcoin is the only payment method, how are you gonna pay for your coffee? a couple satoshis? what about the change? the transaction fee?

As far as I know, dust transactions are already a problem and we're only like what? 4-5 years into this beta project? I'm not so sure the bitcoin network can handle billions of micro-transactions of 2 or 3 satoshis every few seconds around the globe.

I think bitcoin will be the money of nations (like gold) and litecoin will be the money of gentlemen (like silver)

*edit* - also, I don't think 1 monetary system to rule them all is very healthy, kinda goes away from the decentralized idea for me philosophically. I think I would prefer a world with many competing currencies.
sr. member
Activity: 252
Merit: 250
November 27, 2013, 09:21:44 PM
#17
Atl coins that provide no new value over bitcoin, but are simple copies, IMHO are the biggest threat to bitcoin in general. I have a ready response to all the doubters questions except for the proliferation of alt coins...

The only threat to Bitcoin is a better currency.  If Bitcoin is indeed "better", let it prove it over the course of history.  Anything else is subjective BS.  What matters is that math based currencies find good roots.  The "brand" name is irrelevant to solving global monetary issues. 
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
November 27, 2013, 09:14:41 PM
#16
Atl coins that provide no new value over bitcoin, but are simple copies, IMHO are the biggest threat to bitcoin in general. I have a ready response to all the doubters questions except for the proliferation of alt coins...

I think they do offer some value as a backup for bitcoin, a distractor for authorities and people who would like to see bitcoin die, and one day a superior altcoin than bitcoin may emerge.

I understand your fear but I think that no altcoin will take away value from bitcoin as long as bitcoin remains superior. The competition is good to put the pressure on the bitcoin dev team not to screw up.
legendary
Activity: 1153
Merit: 1000
November 27, 2013, 09:08:33 PM
#15
Atl coins that provide no new value over bitcoin, but are simple copies, IMHO are the biggest threat to bitcoin in general. I have a ready response to all the doubters questions except for the proliferation of alt coins...
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
November 27, 2013, 09:01:30 PM
#14
This litecoin shit makes no sense to me, the market cap is now approaching 10% the market cap of bitcoin. I have heard litecoin supporters blather a million times why litcoin should have value, but I still don't see it. Why not just use bitcoin? The faster confirmation shit is flat out deception. I suppose this litecoin rally could simply be a manifestation of humanity's psychological and logical weakness with regard to integer unit prices ($900 is too "expensive", $30 is so much more "reasonable"... Sigh).  But markets can only up put with the collective stupidity of humans for so long. Reality always comes back, it is just a question of when. I would be very very surprised if there was not a heavy correction in the LTC/BTC rate soon.

I feel your fear. I took some insurance against that Litecon threat after having felt the same fear when it did the same crazy rally half a year back.

The problem I see is that the irrationality in buying Litecoin may actually become a self fulfilling prophecy.

The higher it goes, the more people start to accept it, the more start to mine it, and the more start to buy it.  

Trow in some infighting or unexpected screw up for bitcoin, and before you know it litecoin is bigger as bitcoin and you missed out.

So I would say, take some small insurance now, accept the premium as a punishment for not having thought about fire insurance before the fire broke out, and if it corrects take a decent insurance.

I'll sell you some Wink This insurance business is awesome!  Grin
hero member
Activity: 724
Merit: 500
November 27, 2013, 08:31:50 PM
#13
I think this is related to the upcoming scrypt asics.
hero member
Activity: 588
Merit: 500
November 27, 2013, 08:10:39 PM
#12
Litecoin is a pump and dump, primarily due to BTC-E and it's famous troll-box...when Fonta's and crew are done screwing all the newbie investors it will crash back to earth.


newbie
Activity: 2
Merit: 0
November 27, 2013, 07:22:57 PM
#11
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"

Beats me, but it makes me glad I got in with BTC when the BTC/LTC rate was at record lows Smiley
hero member
Activity: 546
Merit: 500
November 27, 2013, 07:03:32 PM
#10
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"


I believe because many started talking about Litecoins even outside Alternative currency section where these Litecoin discussions belong  Wink
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
November 27, 2013, 06:47:42 PM
#9
Well, for one thing, hedging is always sound strategy. 

Bitcoin is still extremely undervalued.  Some people believe Litecoin to be slightly more undervalued than Bitcoin is - it's one of the very few viable alternatives/competitors/complements to BTC that features important technological distinctions.  So Litecoin is catching up a little.  Altcoins have a bad reputation because most of them are indeed pump-and-dump junk or naive tweaks without the balancing act brilliance that underpins BTC.  But one or two of them may just have a very exciting future of their own to look forward to.

seems logical enough thanks for the explanation


do you think btc will one day be the "gold" of digital currency and ltc as the "silver" 

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.
hero member
Activity: 574
Merit: 500
November 27, 2013, 06:46:00 PM
#8
many will say ltc is being pumped via hedging of bears or people who invest 1,000 feeling like 500 ltc 2 months ago was even safer then 140 buyin of BTC. Maybe late adopters see it going even higher.. but alot of it is speculation due to less infrastructure pos system and such. Not that the gap can't be filled.
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
November 27, 2013, 06:39:23 PM
#7
With the best will in the world I think those two analogies are over-simplistic.  In the context of investment, silver and gold don't fundamentally differ from each other - cue PM junkie rage. Wink  Litecoin and Bitcoin have slightly different architectures and therefore each represents a fundamentally different technological profile of resistances, vulnerabilities and opportunities.

Nobody can predict the future.  I think the real trick is being honest with yourself that nobody knows how this will all pan out and the best you can hope to do is research thoroughly and cover your options as best you can. Cool
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