Topic: BTC is DYING, LONG LIVE THE NEW KING LTC - page 5. (Read 4787 times)

Correct, this news in LTC is another hype to lure more traders of course they are happy if more are trading with it. Me too is trading LTC but its not the only coin I trade. Same with you, I still prefer my coins in btc, I can exchange it to our local currency easily.

It is necessary to invest in both currencies in order not to lose all means. To be honest, no one can accurately say in which cell will be a long and good profit.

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

Is BTC a religion for you or an investment?

Because ignoring the superior LTC over the inferior BTC, is the sign of idol worship and not logical investing.

 

I completely understand that investing in LTC is more lucrative but still I would put my weight in bitcoin's side. I think we should consider the long-term track record if we are are thinking from investor's point of view. Traders can make good profits from such numbers but in the long run, I am in the favour of the bitcoin.

ETH is only 2nd, if you number by marketcap, if you number by trading volume LTC has been at 2nd place all year.
LTC is now at #1 in Trading volume according to https://www.worldcoinindex.com/   .


 


FYI:
Segwit is irrelevant, watch the markets when Coinbase Direct LTC to Fiat wallet is activated. Then everyone will know what really matters.

Nope I don't think that bitcoin is dying it is still kicking and it has increase its price,
But I also see your point in here LTC is really pumping up now hope to see it increase more.

Btc is Btc, it carves its name already in cryptocurrency hall. Whether it is dying or reaching $2,000 this year or not, BTC is still the mother/father of all cryptocurrency. LTC was just revived,slowly awakens from its long state of being like dormant. Because of some issues in BTC that this altcoins gain attention. BTW, Ethereum is just the damn second to bitcoin in https://coinmarketcap.com/. LTC has still more room to grow,we are monitoring too.

ATH price for LTC was about $48, so we are still 56% below the ATH.



I thought it is going to be activated for sure but at the moment it is still "ALMOST active".

That is right. Litecoin was stagnant for a long time and only recently it wake up, we don't know how long this state will last.
Hype might be over tomorror or next month as far I we can tell.

It all happened because SegWit activation. Miners and community are not THAT stupid, if SegWit could raise LTC back from the dead then imagine what it will do to BTC?

Agree, there is a limit somewhere. We just don't see it yet.

You can print some BTC pump & dumps in a graph , makes little difference.

Not seeing that the LTC coinbase wallet is a game changer is where you are missing the big picture.
Not seeing that LTC can absorb all of BTC transactions and still have 75% capacity to spare.
Not recognizing that many of the same Chinese mining pools dominate both BTC & LTC and will make a higher % of profits with LTC than BTC.
But hey , feel free to miss out on LTC Profits if you can not see it.


 

Segwit is already active on LTC. The user just doesn't have the ability to use it yet.

This is really a short term rally... So let's see if it still holds after Segwit activation in LTC...

By the way, bitcoin ATH in 2013 was about $1163, and we have already 30% above it at $1500+....

Could you remind me the ATH price of LTC, some time in 2013??

Just because a coin goes up in a few months by more than another coin, doesn't mean that the coin is superior or more usable.

And you're definitely not the first person to claim that bitcoin is dying, nor the first to claim that litecoin is going to take over bitcoin. Litecoin was first designed to be ASIC resistant but now that function is gone.

Bitcoin has a larger user base than litecoin, and i would say more stable than litecoin.

A coin can't get consistent returns of 600% every single time. It's just impossible.

BTC & LTC are Equally Safe ,

Chinese Mining pools have over 51% of both coins hash rate , so either coin you are trusting China, No Difference whatsoever.


 

i don't know if you are really dump or think nobody has access to a chart! (i also made them blue for you)


and oh look what it is, it has happened before

I still beg to disagree , even LTC priced increased at 564% it doesn't mean Ltc is the king, no! it's not like that, because if that is true the price of Ltc must supposed to be more than the price value of bitcoin. but that is not the situation happened now.

No Dying is an accurate description ,
BTC Transactions capacity is no longer hitting over 60 thousand.
Because LTC is taking over, and it can take all of BTC transactions and still have 75% more capacity to spare, without increasing transactions fees.
BTC is no longer suitable for the micro payment industry or even retail payments as it's fees are too high.
LTC will be used for payments and BTC use will decline even more, and it's price will eventually drop as it no longer serves a purpose.
It will be apparent within 6 to 8 months to everyone.  


 

Well, crypto being essentially a set of speculative tokens, very "complex derivatives" like, I think the diversification of the market cap in crypto is what we are witnessing, because the sky is higher in alt coins, than in bitcoin.

Essentially, instead of having one "serious" crypto (bitcoin) and a lot of "cheap immitation shitcoins" like altcoins have been treated for most of the time, we now have a portfolio of different speculative assets on which one can gamble.  The more "established" they are, most probably the lower short-term risk, but also the less you can expect from them to grow.  You cannot hope for a bitcoin growth of a factor of 5 in the short run ; while this is what certain alt coins did, recently, and not the $10 000 market cap coins, but BIG alt coins, like LTC, DASH and so on.  As such, there's much more speculative money to be made on these coins, than on bitcoin.

This is a self-enforcing cycle: in as much as bitcoin is still very big, and hence considered "safer", these other coins are growing in cap until they will reach a certain kind of maturity, like bitcoin.    This will further erode away bitcoin's special first mover/biggest network, of which the difference with coins like LTC will fade away over time.  We'll get an ever-growing list of big coins, and an ever-growing, and unpredictable list of "fast-money-makers", until this system becomes totally random, big coins start to tumble down, at which moment, a perfectly efficient speculation market is established, where no rises and falls can be predicted.

In all of this, the actual "technical merit" of the coins are just a hype-tool, and have nothing to do with reality.  Crypto is like the derivative market on steroids.

LTC is simply an additional opportunity to multiply your investments. It's still very early to say something about the fall of bitcoin, because it is already too strong.