Quote from: thoughtfan on January 14, 2014, 06:26:42 PM

First apologies to the OP for turning this into a Bitcoin v. Litecoin battle. It was not my intention though I knew it likely once I recommended a much lower ratio of your investment be put to Litecoin.

Quote from: pungopete468 on January 14, 2014, 05:50:13 PM

The reason Litecoin will be offered for direct exchange is because it has a more attractive price point to the average consumer...

By 'price point' do you mean they are cheaper per unit even though the 'units' themselves bear no relation to those of Bitcoin making a direct comparison of value almost impossible? I'm not saying people don't buy for this reason - especially having talked to a reasonably intelligent-sounding man with a pretty responsible job who said he'd bought Litecoins for his son because by now Bitcoins were too expensive (per unit).

So I accept it is reasonable to expect Litecoins to continue to be bought 'because they're cheaper' and if so will have a positive influence on its price. Yet my confidence in Bitcoins is based on people seeing real value in it as a groundbreaking technology with huge promise whereas if I went with the above I'd be basing my confidence in Litecoins on people's stupidity!

Quote from: pungopete468 on January 14, 2014, 05:50:13 PM

...It's going to change. I feel certain of it.

OP, and everyone else; I would also be wary of any advice given where the reason given by the advice giver for their confidence is 'feeling certain' or that they can 'feel it in their blood' or 'in their bones' etc. It is not a rational way of investing for oneself, let alone to part with money on the basis of someone else's 'inklings'!

If I wrote an informative piece about the refraction of light and said, "The sky is blue but I feel certain it will turn red." Would you feel that I was basing my entire thesis on nothing more than a feeling even after I went further to identify my reasons being the angle of the sun in relation to the thickness of the atmosphere. Would you discount my future opinions based on the inclusion of the simple statement, "I have a feeling?"

If all you take from what I said above was "I have a feeling." Then by all means ignore my advice... But don't ignore the content of what I've written and then tell people to be wary of taking my advice.

I see you tend to agree with me about the perception of affordability being a huge benefit of Litecoin over Bitcoin even if it's really nothing more than a perception. People can ignore that fact or they can understand it and in turn profit from it.

Businesses are here to make money and people want to buy Litecoin. I'm sure most can do the math. The mainstream is getting involved. That day when Litecoin is exchanged directly for USD it will be a result of mainstream demand.

This is not a debate on which is better. I already stated that the differences between the two coins were too subtle for a normal end user to appreciate.