Litecoin crashed from $48 to $0.92
98% price fall .......
that puts forth a different question.....IF Litecoin survives and you treat it like land or a stock....it most likely WILL EVENTUALLY get to the former high price it once was...
it may take 10 months or 10+ years....again on the thought that it continues to EXIST
so it all comes down to .do you think LTC is a viable candidate even at its current at say a modest 0.006 LTC or so to BTC and will toddle along into the future?
you can make the same bet/guess with BTC
IF ALL crypto is just a speculative bubble in your or others views....and we are just playing in the margins ..in that bubble till it pops that is another view
But again you have to consider....LTC as an ALT to BTC has survived up to this point and my bet (not that I know squat I at one time drank the BFL kool aid
as a newbie so keep that in mind) is that if blockchain and other apps are made for BTC they also will be made for LTC imho....if for no other reason then
some folk don't like BTC and its top heavy whales...
so thus the bet ..if LTC survives ..say 10 years + ..these questions will all be moot ..if LTC and/or BTC don't survive we will have a good laugh like the wave
of Chinchilla ranchers (bsmt cages) of the 60's .....folk getting a good laugh in the assisted living homes as we speak....ya gotta admit all this is interesting
as heck and not boring ...
Also remember it is not WHAT you paid imho on what you got into crypto at ..either LTC or BTC ...it is WHEN you got into crypto..again either into btc or ltc that is important
assuming the crypto universe survives along my long term 10+ year projection.....and if BTC does survive my bet is (again note above BFL kool aid disclaimer) I can easily see LTC as an alternative blockchain for apps and value at 0.006 LTC to BTC and above ...merrily mucking behind in BTC's wake so to speak..and in that I'm mining I can live with 0.006 LTC to BTC just fine ...assuming the usual...applying this supposition to BTC of back at 1000 usd that would mean LTC would be $6 bucks at the 0.006 LTC to BTC rate ...I would expect it to be closer to 10 bucks ...or more as an alternative to BTC at that rate or higher however...again this is all imho.
so you roll the dice and see how it goes
so as to this thread LTC to take BTC in its place....anything is possible....but I don't see the alternative of LTC just going away as an alternative..if it was all btc all the time alt
coins imho would have never pop'd up in the first place and would certainly not have had such a dramtic rise like the last run up to 40-50 bucks on the BTC high
anyway....we will see how this all shakes out soon enough...and I myself expect another bubble up with BTC and LTC in BTC's wake just to further befuddle me
in the near future
anyway my 2 satoshi's worth
assumption that prices will rise over time/use of crypto
..