So as we begin 2014 and bitcoins have reached unimaginable value heights many people are looking toward the next big thing and litecoins may just be that. Litecoins are currently trading right around 25$ USD while the bitcoin is currently trading at 986$ USD. Many believe that bitcoins are floating on a financial bubble and that it may pop any time.
Bitcoins can be mined by anyone but the mining machines are very expensive leaving a mining monopoly to those who can really afford an army of a couple thousand dollar computers. Litecoins mining machines are a bit cheaper but rarer at this point but both digital currencies have a cap to them so the market won't become flooded.
Some people made a fortune on bitcoins when they were at the value litecoins are at now. With the future going completely digital quicker than we can imagine one must think investing in that isn't a bad idea .
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