Quote from: skivrmt on January 14, 2014, 05:40:56 PM

Quote from: keithers on January 14, 2014, 05:25:56 PM

Quote from: pungopete468 on January 14, 2014, 02:31:17 PM

Quote from: Ibian on January 14, 2014, 01:07:58 PM

Quote from: LiteCoinGuy on January 14, 2014, 12:38:39 PM

50:50 is a good idea. If you have bitcoin, you must have litecoin too. Its the silver of the cryptoworld!

It offers no advantages. So, why?

Because it is currently selling for around $25 per coin and is in a position to expand rapidly this year. A jump from $25 to $50 would be the same as BTC going to $2,000.

Look at Coinbase; they just signed Overstock.com and are currently viewed as the largest American exchange service. They will likely continue this growth as more large mainstream companies get into BTC. These companies will align themselves with only the most reputable exchange service.

The inventor of Litecoin is working at Coinbase and it's a safe bet to assume that Litecoin will find a place on Coinbase sometime in the future. Litecoin isn't going anywhere people. You can mine it reasonably with your GPU. The grassroots of Bitcoin is supporting Litecoin and it's expanding rapidly.

Think about the impact of being able to spend Litecoin at Overstock, Netflix, Amazon and any other mainstream company that realizes the immense business opportunity with accepting Bitcoin and aligns themselves with Coinbase or another exchange service who later adds Litecoin support.

If you own a company who accepts Bitcoin to instantly sell for USD then you would accept Litecoin without thinking twice about it. Especially when your "merchant service" allows it with a lower rate than conventional payment processing. I can't see it going any other way. Litecoin is about to hit the sky.

If anything I consider Litecoin a more attractive opportunity than Bitcoin right now because of the price point. Going from $25 to $50 each will double your buying power and I can easily see $300 to $500 or more before the end of this year.

To put it in perspective: if LTC were to go on direct exchange for USD and the market volume brought the price to $400 that would be the equivalent of BTC going to $16,000.

LTC going to $400 is a huge stretch from where we are at now, and this is coming from a big LTC supporter. I think BTC has a far better likelihood of reaching 16k before LTC hits $400

LTC/BTC ratio has been "fairly" steady for awhile now with slight variations here and there. What makes you think that might change going forward? If BTC does go to $16k, why wouldn't LTC go to $400? As a background, I own only BTC for various reasons. But LTC rides on the coattails of BTC, if BTC rises, genereally so does LTC. But of course the reverse is also very true!

Change is unavoidable. The reason Litecoin will be offered for direct exchange is because it has a more attractive price point to the average consumer and will further drive the overall cause. It can also be used to soften the blow to the BTC market from all the large "sell" orders created by an increasing number of large companies getting on board who instantly convert to fiat. It's going to change. I feel certain of it.

There is a fortune to be made yet in Litecoin and it's not hard to see. You can't assume the exchange ratio will remain constant when you change the whole equation.