really cheap. when btc (gold) rises, ltc (silver) will follow. money flows.
first, there is no such thing as gold and silver in crypto's, you should check why ppl are investing in physical gold/silver in the first place. second, you should check the recent charts for btc/ltc and you will see that ltc in fact does
not follow btc. while btc is rising, ltc is going down and down and down, and the difficulty still rises (because, ASIC
)
BTC once dropped from $33 to $3 and the general atmosphere at the time was one of hopelessness and despair. However, this turned out to be one of many bubbles and the BTC price rebounded after every crash. LTC has dropped from $48 to $8 and the general atmosphere right now seems to be one of hopelessness and despair, so it's possible that Litcoin could follow the same path and this could simply be one of many bubbles/crashes to follow. The LTC economy is in its nascent stages - just like Bitcoin was in 2011.
This is just one possibility though. It's also possible that Litecoin will never rebound at all. It could just keep on falling and falling and never surpass its ATH.
i don't know why the ltc ppl always refer to bitcoin. when the ASIC discussion started, everyone @ ltc just said: it helped bitcoin, it will help us. what they seem to forget is, that bitcoin had no "big brother". while scrypt ASICs are mainly used to dump the coins to get btc, this was not possible with btc ASICS, there was no "main coin", btc itself is the main coin. of course some ppl cashed out for money, but that resulted in new fresh cash flowing into btc. the history of btc was and is, completely different to the current alt coin landscape.
