Silk Road forums

Discussion => Newbie discussion => Topic started by: bbbaac on April 02, 2013, 08:51 am

Title: would like to know what you think about LITECOINS ?
Post by: bbbaac on April 02, 2013, 08:51 am
are they the new bitcoins ? or better ? i got 20 ltc just waiting now and they arent much only around 1.70 a piece. hope something nice happens but would just like to know what you guys think ?

thanks
Title: Re: would like to know what you think about LITECOINS ?
Post by: psychedelicmind on April 02, 2013, 08:59 am
I don't know much about them to be honest, but I bought some of them the other day. I invested in them based on the fact that the value of the bitcoin has increased by about 20 times the value they were when I first started using SR. I am going to hoard the litecoin for now and if they become valuable in the future, I will sell them at a profit :)

I'd be interested to hear what other people's opinion of them is...

Title: Re: would like to know what you think about LITECOINS ?
Post by: bbbaac on April 02, 2013, 09:08 am
ye my thoughts exactly.
Title: Re: would like to know what you think about LITECOINS ?
Post by: fugitive189 on April 02, 2013, 09:36 am
are they the new bitcoins ? or better ? i got 20 ltc just waiting now and they arent much only around 1.70 a piece. hope something nice happens but would just like to know what you guys think ?

thanks

They may be a potential investment, one of my clients has done something similar to psychedelicmind and bought a shedload of them. The last Bitcoin will be mined in 2015 so they have a slightly longer shelf life but I don't see Litecoin as the replacement cryptocurrency to it as it offers little over the Bitcoin itself - having said that I have spoken with several investors who have done well for themselves trading on the LTC stock exchange.

 I would suggest doing this as you can invest indirectly in mining in this way without any messy business involving unwieldy computers cluttering up your bedroom. :-)

V.