I told you guys! Many people are claiming that Litecoin is a shitcoin, but there you go. I was expecting about $5 price before the reward halves, but this is by far exceeding my expectations.
Most in this altcoin section have been manipulated into hating litecoin, they won't be buyers unless litecoin breaks $50.
Manipulated by whom? I don't think there are any omnipotent spirits corrupting people here.
Delicately put - LTC is something where its' development is semi-abandoned (esp by Lee), it has virtually no community, it has no advantages over Bitcoin and yet it is number 2 because of timing and nothing else. You may read these words with hostility but it's nothing personal, pretend I am saying this outloud like Spock or an emotionless cyborg.
I find it difficult to explain it on here and yet this is Cryptocurrency City with a lot of self-professed experts.
How do you explain Litecoin (and alternates) to someone on the street without making cryptocurrency look like one big joke? "Oh right this number 2 coin... uhh it's just a straight up clone of Bitcoin, with virtually no changes, and it's number 2 '
just cuz' and oh it's the 'silver of bitcoin brah' " )
Doge also probably caused irreparable damage on the legitimacy of alternates, with its' big fat yellow dog, but that's another subject. The solution to fix alternates is for either Bitshares, NEM or NXT to release a product that is actually needed and wanted by more than Bitcoin's 100,000 users.
The only thing I can agree is DOGE. I will always think that it is a joke. You can't just underestimate other coins/assets just because you think your favorites has better ideas.
I can give you an example with my beloved FAIL. Our next goal is to reach to more than 40 million YouTube subscribers and work with both Like and Unlike buttons, but those are currently just plans and ideas.
Until then there are Bitcoin and Litecoin.
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