Bitcoins and Litecoins...

S

Silver Pauper

Member
Would really appreciate any input by folks who have experience with both. I am considering Litecoins as they are more affordable to start out and lower loss if I stuff something up while buying/selling/transferring coins while working out how the system works.

Any advice would be greatly appreciated!!!
 
willrocks said:
Silver Pauper said:
Would really appreciate any input by folks who have experience with both. I am considering Litecoins as they are more affordable to start out and lower loss if I stuff something up while buying/selling/transferring coins while working out how the system works.

Any advice would be greatly appreciated!!!
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Litecoins have gone from $1.6X to over $3 in the last few weeks. Currently $2.75 USD.

A lot of people (including me) have the opinion that they'll go over $10 USD. Especially when Mt.Gox releases support for them.

But like all investments you need to DYODD. Don't take much heed of biased information from forums such as this. :)
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Thanks!

So I can buy 10 Litecoins for about $28.00USD and have a play around with wallet software, online wallets, offline wallets, etc and if I lose all them to a mistake somehow, no big deal. Am I correct in believing that Litecoins use the same technology as Bitcoins, so a good play to get some experience before spending $200USD or so each for Bitcoins to play with the big boys?

I am not comparing Litecoins vs Bitcoins, but rather viewing them as complementary.

Edit - Where can I buy some Litecoins?
 
Silver Pauper said:
So I can buy 10 Litecoins for about $28.00USD and have a play around with wallet software, online wallets, offline wallets, etc and if I lose all them to a mistake somehow, no big deal. Am I correct in believing that Litecoins use the same technology as Bitcoins, so a good play to get some experience before spending $200USD or so each for Bitcoins to play with the big boys?
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If you're just looking to play around with coins and wallets, I can send you some Freicoin, have about ten thousand of those.

They're not worth much I don't think at the moment and I don't know how well they go for online wallets/offline wallets etc.
 
RetardedMonkey said:
Silver Pauper said:
So I can buy 10 Litecoins for about $28.00USD and have a play around with wallet software, online wallets, offline wallets, etc and if I lose all them to a mistake somehow, no big deal. Am I correct in believing that Litecoins use the same technology as Bitcoins, so a good play to get some experience before spending $200USD or so each for Bitcoins to play with the big boys?
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If you're just looking to play around with coins and wallets, I can send you some Freicoin, have about ten thousand of those.

They're not worth much I don't think at the moment and I don't know how well they go for online wallets/offline wallets etc.
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Thanks for the offer which I may take you up on... but first...

Here is where I am starting lose the plot...

So I have downloaded Bitcoin-QT as a wallet for Bitcoin... then I downloaded Litecoin-QT? as a Litecoin wallet... so do I need a specialised wallet for each currency... so another wallet for Freicoins?

Or is there a 'wallet' that is common to all of these cryptocurrencies that are based on the original Bitcoin technology?

And yes... I am overheating google at the moment without much success...

Just stumbled across a 'Sexcoin'?!?!
 
I am gathering that while there are many emerging cryptocurrencies, Bitcoin is the most mature with the broadest range of wallet/trading/storage apps and support.

Hmmm...
 
Please remember that BTC is no more or less expensive than LTC.

You can buy $10, $20, $30 worth of BTC if you like, $30 will get you like .12244 BTC.

Or you can look at it this way - buy 122.44 mBTC for $0.245 each. I think if exchanges started using milli Bitcoins, people won't think its that expensive any more.

I tend to think LTC is overvalued and BTC undervalued for their respective market reach and monetary base.
 
The Bitcoin chart is A LOT more promising than the current silver chart.

Bought some bitcoins over the last few days.
 
Chaz said:
Please remember that BTC is no more or less expensive than LTC.

You can buy $10, $20, $30 worth of BTC if you like, $30 will get you like .12244 BTC.

Or you can look at it this way - buy 122.44 mBTC for $0.245 each. I think if exchanges started using milli Bitcoins, people won't think its that expensive any more.

I tend to think LTC is overvalued and BTC undervalued for their respective market reach and monetary base.
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Exactly price per coin is irrelevant when you can throw $50 at either of them and get $50 worth of digital currency. I have just started buying myself but I'm only going to go for BTC because I believe being the most mature it's where the crowd will first rush into when it really goes main stream. All crypto-currencies seem to work fine and all work very similar, I can see many thousands, maybe a million different versions but until one works substantially better than Bitcoin then Bitcoin is where it will be at.
 
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