BTC is DYING, LONG LIVE THE NEW KING LTC - page 2.

clickerz

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Quote from: johnwest on May 05, 2017, 11:21:58 AM

Quote from: JerryWinski on May 05, 2017, 11:15:29 AM

Quote from: FlamingFingers on May 05, 2017, 10:55:12 AM

Your comparison is invalid – you can't simply replace Bitcoin with Litecoin due to a simple rise in price. Always remember what experienced traders say, "An alternative coin can easily go from $10 to $20 rather than $100 to $200." The more the price rises, the harder it gets for it to rise again.

I was thinking the same thing. Now with Eth at 100 and Dash at 100 is there really anyway for them to get higher than that? LTC will probably hit 100 as well then just sit there. Who knows where this market is going. I hope that all coins go to 100 lol. Because I'm not holding Eth or Dash but I do have some LTC. Moooooon!

Most definitely, Going from 1200$ to 1500$ is allot difficult than raising from 5$ to 20$ or 25$. People should understand this, it will get difficult to increase as the price above the sky. I dont think LTC will ever reach the heights which BTC has touched.

I agree, and bitcoin have gone too far already several miles compared to any altcoins. Most altcoins are riding the rise of bitcoin which is also good because last time I remember, when btc goes up, the altcoins are the casualty. Let us all be happy that our favorite altcoins are coping up with btc, but claiming it as superior to the other is not favorable.

thejaytiesto

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The irony on all of this is the fact that kiklo is one of the couple known anti segwit trollls that spend 24/7 posting segwit FUD, and the only reason that Litecoin is going up is thanks to segwit, because without segwit it would be yet another shitcoin, but now with segwit LTC is going to mars, and when LN is operative, it's going to pluto.

kiklo

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Quote from: giveen on May 05, 2017, 04:39:19 PM

Wait so you are saying that bitcoin investors are dumb who have been holding their coin for so long. Here's a example:
October 12 th 2009
Bitcoin price 0.001$ per bitcoin
Ltc - Oh wait it didn't even exist.
16th feb 2013
LTC - 0.07$
Btc - 47$
Year 2017
ltc - 25.52$
Bitcoin - 1550$

4 years ltc increase - 36357%
4 years bitcoin increase - 3197%
Idk if my calculations are wrong or maybe you are right inone way but bitcoin is more famous than ltc and this increase won't last long like bitcoin and this is just a pump.

Anyone that just holds a coin forever, yes they are downright fools.
Because BTC price has been in the Shitter since Nov 2013 (~4 years), only now in 2017 is there a window, that those buyers could make a profit, if they continue to hold , they will lose out.

Side Note: Always take some profits off the Table, only Gamblers are dumb enough to let it ride to infinity , because if you play long enough the House always wins.

Cool

FYI:
The thing that is different this time around , is that BTC is Failing meet the Onchain Transaction Capacity required by its users,
Transactions are Slow and OverPriced compared to the rest of the markets.
Example:
Do you go and sit at a restaurant and wait 3 days and pay 50X as much in price, when another restaurant across the street can serve you faster and cheaper , and the food quality is just as good. Only a fool overpays for bad service on a continuous basics.

kiklo

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Quote from: Geraldo on May 05, 2017, 04:41:25 PM

"DYING"..How exactly is Bitcoin dying? It has risen in price and market cap steadily moving upwards. Its the most popular and trusted cryptocurrency available today. Yes, litecoin did increase its price, but it has for years remained under 4$.. This price increase is normal and nothing really special. Amazing technology indeed, but its coming to bitcoin too, sooner or later. Bitcoin is and will remain the king in crypto.

The problem is BTC transaction Fees are too high, that is what will kill usage of BTC and later the coin itself.
It can not remain King , if no one can afford to use it and generate transaction fees to pay the miners.

Those that think it can, believe in it like a false religion,
In reality BTC is the 8 Track Tape player of Crypto, and LTC is the sony walkman that will replace it.

Cool

oaks05

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YA bitcoin has been on the choochoo lately, litecoin def looking nice right now but bitcoin is still king

Geraldo

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⭐⭐⭐⭐⭐

"DYING"..How exactly is Bitcoin dying? It has risen in price and market cap steadily moving upwards. Its the most popular and trusted cryptocurrency available today. Yes, litecoin did increase its price, but it has for years remained under 4$.. This price increase is normal and nothing really special. Amazing technology indeed, but its coming to bitcoin too, sooner or later. Bitcoin is and will remain the king in crypto.

giveen

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Wait so you are saying that bitcoin investors are dumb who have been holding their coin for so long. Here's a example:
October 12 th 2009
Bitcoin price 0.001$ per bitcoin
Ltc - Oh wait it didn't even exist.
16th feb 2013
LTC - 0.07$
Btc - 47$
Year 2017
ltc - 25.52$
Bitcoin - 1550$

4 years ltc increase - 36357%
4 years bitcoin increase - 3197%
Idk if my calculations are wrong or maybe you are right inone way but bitcoin is more famous than ltc and this increase won't last long like bitcoin and this is just a pump.

alyssa85

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Quote from: ahmedjamal1998 on May 04, 2017, 12:01:56 PM

I believe Litecoin has a great potential specially with the fact that it has Segwit already (or almost).

But the thing is all these altcoins are only used in trading to/from bitcoins. They don't have much buying potential if compared to bitcoins. And that's almost the only difference (at least in case of the successful ones ).

Actually the current increasing in the price of BTC is really promising as well.

In the end no body knows what's gonna happen Cheesy

Litecoin can be traded against USD and EUR, on places like Kraken and Coinbase.

Arvydas77

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Very stupid thread about dying BTC and thriving LTC. Both are doing well but altcoins are on fire babe Tongue

Eternad

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When life gets hard BUY Bitcoin!

Quote from: FlamingFingers on May 05, 2017, 10:55:12 AM

Your comparison is invalid – you can't simply replace Bitcoin with Litecoin due to a simple rise in price. Always remember what experienced traders say, "An alternative coin can easily go from $10 to $20 rather than $100 to $200." The more the price rises, the harder it gets for it to rise again.

Yeah. That big jump on the price of LTC is just the price ceiling of that coin. No one will ever bought again with higher price than that because it is very risky since a hard dump is possible anytime once the price move up again. Some whale want to earn big amount on LTC

kiklo

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Quote from: FlamingFingers on May 05, 2017, 10:55:12 AM

Your comparison is invalid – you can't simply replace Bitcoin with Litecoin due to a simple rise in price. Always remember what experienced traders say, "An alternative coin can easily go from $10 to $20 rather than $100 to $200." The more the price rises, the harder it gets for it to rise again.

Your reasoning is invalid, thinking poor people or smart people will pay excessive fees to send money is insane.
LTC is no longer the alternative choice , due to BTC higher fees for many people , LTC will be the only choice.

Once LTC new Coinbase wallet is online, I can personally attest ,
that I will never Buy another BTC, and will only use LTC, because I am not going to throw money away on insanely high transaction fees.

Stupid people that want to waste money on BTC, feel free , but the rest of us will switch to LTC.

Cool

FYI:
Broaden your understanding of the world and compare exchange rate of different currencies,
thinking $1 is not a lot for a transaction fee, when in some countries that is a half a day's wage ,
all of those people will have no choice but LTC as BTC is already Priced out of their markets. Tongue

johnwest

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Quote from: JerryWinski on May 05, 2017, 11:15:29 AM

Quote from: FlamingFingers on May 05, 2017, 10:55:12 AM

Your comparison is invalid – you can't simply replace Bitcoin with Litecoin due to a simple rise in price. Always remember what experienced traders say, "An alternative coin can easily go from $10 to $20 rather than $100 to $200." The more the price rises, the harder it gets for it to rise again.

I was thinking the same thing. Now with Eth at 100 and Dash at 100 is there really anyway for them to get higher than that? LTC will probably hit 100 as well then just sit there. Who knows where this market is going. I hope that all coins go to 100 lol. Because I'm not holding Eth or Dash but I do have some LTC. Moooooon!

Most definitely, Going from 1200$ to 1500$ is allot difficult than raising from 5$ to 20$ or 25$. People should understand this, it will get difficult to increase as the price above the sky. I dont think LTC will ever reach the heights which BTC has touched.

JerryWinski

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Quote from: FlamingFingers on May 05, 2017, 10:55:12 AM

Your comparison is invalid – you can't simply replace Bitcoin with Litecoin due to a simple rise in price. Always remember what experienced traders say, "An alternative coin can easily go from $10 to $20 rather than $100 to $200." The more the price rises, the harder it gets for it to rise again.

I was thinking the same thing. Now with Eth at 100 and Dash at 100 is there really anyway for them to get higher than that? LTC will probably hit 100 as well then just sit there. Who knows where this market is going. I hope that all coins go to 100 lol. Because I'm not holding Eth or Dash but I do have some LTC. Moooooon!

FlamingFingers

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Your comparison is invalid – you can't simply replace Bitcoin with Litecoin due to a simple rise in price. Always remember what experienced traders say, "An alternative coin can easily go from $10 to $20 rather than $100 to $200." The more the price rises, the harder it gets for it to rise again.

dinofelis

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Quote from: kiklo on May 05, 2017, 08:38:11 AM

And the reason , BTC is not a Store of Value
It requires millions of Dollars every month to keep the BTC network running,
thinking that outflow of money can continue to happen , when there are no transactions to help finance the miners, only proves the person believing that is a moron.

This sounds sooooo dot-com bubble !

kiklo

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The Reason BTC is Dying

is the Following

Quote from: CoinTasker on May 05, 2017, 04:22:48 AM

Am I the only one realizing that ~$1 fee to make a transaction is absolutely insane and defeats one of the core benefits of using bitcoin for daily transactions.

This is getting insane and is completely uncalled for, or am I wrong?

The reason none of the other Alts beside LTC are going to skyrocket ,
is only LTC is getting the direct LTC/Fiat Wallet on Coinbase.

It is all about the fee system.

And the reason , BTC is not a Store of Value
It requires millions of Dollars every month to keep the BTC network running,
thinking that outflow of money can continue to happen , when there are no transactions to help finance the miners, only proves the person believing that is a moron.
Gold or Silver you can store and forget til you need it,
BTC requires blockchain updates and multi million dollar infrastructure to keep it running, and they can't survive forever without transactions fees.

Saying BTC is a store of value, is like saying a walmart gift card is a store of value, because you can not guarantee the store will not be closed before you need to redeem it.
No BTC miners and your BTC is worthless, because it is frozen in a dead blockchain.

Cool

FYI:
No BTC Transactions = No Transaction Fees = No BTC Miners = Frozen Blockchain = Dead Bitcoin

Yuhee

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Quote from: kryptqnick on May 05, 2017, 05:25:54 AM

Quote from: RedX on May 04, 2017, 10:31:22 PM

Bitcoin won't die. What would happen is litecoin would be one of the closest competitors of bitcoin on the market someday just like ethereum. But I agree that litecoin is rising faster than bitcoin and I hope it would not stop.

With this point I agree. Litecoin is just one of the best cryptos along with eth and btc. Ltc is indeed rising faster that btc right now. But this 'now' aspect is very important. The OP gave us the calculations but they don't take into account the previous history. There were times when bitcoin was growing and litecoin was worth only around $6. So, my point is, litecoin will not always grow faster than bitcoin and we can't talk about it overtaking the throne yet.

I think a coin will die if it runs out if coins or all its coined are mined and off course investors. Many coins are now rising up to the ranks thanks to investors who are willing to help a coin. LTC for one just released coins and many mined it just in time. I will not say that LTC is the biggest but there other comparable fluctuations in other coins. ethereum for started after LTC but its one of the next highest coin after btc. So i dont really see any coins dying. Another story if a coin is for scam only.

netox

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Editor no Cointimes

Litecoin the new King of the Deaths;

Is the winter coming for Bitcoin? Huh

kryptqnick

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Quote from: RedX on May 04, 2017, 10:31:22 PM

Bitcoin won't die. What would happen is litecoin would be one of the closest competitors of bitcoin on the market someday just like ethereum. But I agree that litecoin is rising faster than bitcoin and I hope it would not stop.

With this point I agree. Litecoin is just one of the best cryptos along with eth and btc. Ltc is indeed rising faster that btc right now. But this 'now' aspect is very important. The OP gave us the calculations but they don't take into account the previous history. There were times when bitcoin was growing and litecoin was worth only around $6. So, my point is, litecoin will not always grow faster than bitcoin and we can't talk about it overtaking the throne yet.

monsanto

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..like bright metal on a sullen ground.

Quote from: NoiseBoy on May 04, 2017, 12:43:19 PM

It's different this time (tm), because SegWit.

But then bitcoin will eventually achieve some sort of scaling solution. Once AntBleed and ASICBoost are no longer factors, opposition to SegWit activation for bitcoin will evaporate. The fact that LTC will be there to demonstrate the stability and benefits of SegWit just accelerates things. Then LTC will crash again, and BTC will retain its crown.

Why? Marketing.

People outside the cryptoverse have heard of Bitcoin. They haven't heard of Litecoin. They're more likely to have heard of ethereum than litecoin.

And marketing is everything. Bitcoin is the Coca-Cola of crypto: number one brand on the planet, and that alone is worth its weight in bits.

Well, litecoin has one marketing thing going for it by accident...

Quote from: monsanto on May 04, 2017, 04:18:23 AM

Lightning network on Litecoin? A very serendipitous marketing collision... for litecoin anyway.

Topic: BTC is DYING, LONG LIVE THE NEW KING LTC - page 2. (Read 4787 times)