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Topic: Why would anyone use BTC to buy LTC? - page 2. (Read 1631 times)

legendary
Activity: 1274
Merit: 1004
June 27, 2013, 05:46:53 PM
#8
Why people buy yuan, euro, ruble... when they can use dolar  Wink
How did this get here   3 posts Huh

Because He's  "Jr. Member" and Forum permissions are based on ranks but ranks are not based on post counts now.
newbie
Activity: 28
Merit: 0
June 27, 2013, 05:43:31 PM
#7
Why people buy yuan, euro, ruble... when they can use dolar  Wink
How did this get here   3 posts Huh
newbie
Activity: 6
Merit: 0
June 27, 2013, 05:42:24 PM
#6
Why people buy yuan, euro, ruble... when they can use dolar  Wink
legendary
Activity: 1470
Merit: 1021
June 27, 2013, 05:40:24 PM
#5
I use Bitcoins to buy Litecoins because I have too many Bitcoins and not enough Litecoins.
Pretty simple.
There's no such thing as too many  Tongue
full member
Activity: 168
Merit: 100
June 27, 2013, 05:37:32 PM
#4
I use Bitcoins to buy Litecoins because I have too many Bitcoins and not enough Litecoins.
Pretty simple.
newbie
Activity: 28
Merit: 0
June 27, 2013, 05:36:21 PM
#3
So a lot of GPU miners these days are saying it's time to jump ship to LTC. They say the pasture is greener over there in LTC land and you can get more profit by exchanging LTC for BTC, than just by mining BTC. Sounds like a plan, but can anyone explain why anyone in their right mind would use their BTC to buy the mined LTC? I mean why would anyone even need to buy LTC, in the first place? Are people really doing this or is it just some legend?

Honest question. Thanks!
Some people dont have rigs to mine.
sr. member
Activity: 364
Merit: 250
June 27, 2013, 05:36:06 PM
#2
Sounds like a real great plan, all of us still mining btc with gpus should go mine litecoins. We'll all get rich!

It may be more profitable, slightly, right now, but if all remaining gpu miners switched to litecoin the difficulty would jump eating whatever extra profit you might have made.

It's possible that LTC could increase in value with so many people invested, or it could just tank.

Does that answer your question?
full member
Activity: 181
Merit: 100
June 27, 2013, 05:28:57 PM
#1
So a lot of GPU miners these days are saying it's time to jump ship to LTC. They say the pasture is greener over there in LTC land and you can get more profit by exchanging LTC for BTC, than just by mining BTC. Sounds like a plan, but can anyone explain why anyone in their right mind would use their BTC to buy the mined LTC? I mean why would anyone even need to buy LTC, in the first place? Are people really doing this or is it just some legend?

Honest question. Thanks!
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