Quote from: ranlo on June 13, 2013, 06:53:02 AM

Quote from: maco on June 13, 2013, 06:17:00 AM

History speaks for itself

We have gold and silver

We have bitcoins and litecoins

I don't follow. Gold and silver are physical items that have value that goes above and beyond what the metals themselves are worth (via jewelry and other items). You can't take a Bitcoin and twist it into a physical item that has other real-life uses. Comparing the two to each other is a little asinine.

As far as I know, silver is treated as an entirely different metal than gold is; it doesn't follow in its footsteps. Its value isn't based on what gold's is. So Litecoin, even if Bitcoin were to be "like" gold, would still not be comparable to silver.

The way BTC and LTC seem to behave is still a bit like Gold/Silver.
Not that I agree in the analogy, but silver does follow gold price in the "great contours" - when gold dips 20% silver will also do a dive. PM markets are very complex.