Do I buy it now or wait for the price to drop a little?
I'm thinking of buying now...it was around $41 but now it's at $29... I'm pretty sure it'll at least go back to $41 sometime soon. Mt. Gox is about to open up their platform for people to trade LTC too. And I'm sure Coinbase will open up their service for Litecoin too, maybe not soon but definitely sometime since the creator of Litecoin works at Coinbase. I can exchange one bitcoin for a bunch of LTC right, I think i'll do that today or tomorrow.
Invest into Diamond - DMD
Litecoin is hard to get such a high price
PS: I own several hundred Litecoin already
You're the 2nd person to mention DMD in this thread... can you tell me more about it or show me where to get info? I think I want to invest in LTC and one or 2 other atl coins too. Namecoin sounds pretty interesting.
Your saying about MT GOX and coinbase adding LTC soon, how soon do you reckon?
Thanks
Mt gox -- maybe soon, i'll have to find the source of where I heard this.
Coinbase -- no idea. I think for now they are focused on bitcoin and making it simple for the common person to use, and this is something bitcoin desperately needs. I think they are gonna wait on litecoin to not confuse people
It needs some merchants behind it. It will keep rising as Bitcoin rises and people jump onto the 'next best currency'.
This pretty much. I can't see it getting anywhere close to Bitcoin in value without any merchants accepting it.
I've heard almost nothing about Litecoin in the media, and even when I have it's only a tiny passing reference. And that is exactly why I want to invest. If you keep hearing about it, it's likely you missed the boat and missed out on crazy insane returns. Bitcoin is the first cryptocurrency the world has ever seen and the media/public is barely able to understand it as it is. Litecoin and alt coins is a whole another level of confusion. Even people who know how to buy bitcoin might not know how to buy alt coins. When that changes wouldn't the prices rise a lot? And about merchant adoption, litecoin is basically a copy of bitcoin, as bitcoin paves the way for cryptocurrency adoption and builds the infrastructure, it won't be any issue to start accepting litecoin as well. But since right now it at such an early stage is the main reason I would want to invest in it.