Topic: Litecoin v. Bitcoin - page 21. (Read 43665 times)

yes even with bitcoin people give fractions of bitcoins geeky names, still if btc gets back to new highs many users won't want to spend hundreds of dollars just for a fraction of a coin.

so yeah alot of users would rather spend that on a few whole litecoin and still have a valid respected crytpo. whether you personally agree or not thats the reality of it.

I've got news for you and everyone else in this thread, BTC is just as speculative as LTC and every other crypto currency. To say otherwise displays serious ignorance.





There is some serious sticks that need to be removed from the asses of people in this thread. When I can find the time I will go through and write up a substantial response to every "detractor" here.


As far as the OP is concerned, if you aren't a troll the answer is most likely BTC in terms of merchant adoption and third party applications built on top of the blockchain. However with that said Litecoin does have some other advantages, even if they by todays standards seem to be considered small. Bitcoin and Litecoin work together fairly well in the ecosystem, and are natural trading partners. The price of Litecoin is dictated by the price of Bitcoin, and every move in BTC is mirrored in LTC. The LTC core devs work with the BTC core devs, changes in the wallets are adopted and its for the betterment of the ecosystem. One of the larger advantages of LTC is having a backup blockchain (God forbid something happens to BTC) and secondly allows easier adoption by allowing folks to get involved in cryptos without spending a fortune (in comes the "but BTC is divisible by 8 units", guess what, no realistic non crypto person will want to buy a cup of coffee with .0002 BTC or even wants to think about it. The divisible argument is completely silly to real world sociological aspects and human behavior).


As for the rest of you this isn't a measure of e-peen. Stop pretending you are arguing your favorite politician or football team and realize that for those of us who really want to see mainstream adoption and work towards it this display of ripping on other coins for the sake of ripping on them does absolutely nothing. We are in this together, and those who are substantially continue to rip on other coins for the sake of doing so I seriously question their ethics and integrity. There are larger forces at work such as individual states coming out with their own versions of licensing for cryptos such as New York and Connecticut that need attention. Put your energy into soliciting legislators as opposed to this cannibalism that we see day in and day out with cryptos.

LTC will mirror BTC on the next leg up in a larger way, so now is the time to doubt. I'm saying that newer entries go for ltc when btc goes too high and they always have. Ignore at your own peril.

Perhaps what you meant to say is that YOU have no need for altcoins.  Developers looking to test new ideas can't just throw some random experimental code into Bitcoin, so where else do you propose it should go?  If some of these new ideas and innovations turn out to be both useful and stable, they could one day be features that find their way into Bitcoin and make it better.  If there was genuinely no need for altcoins, they wouldn't exist.  Not everything is black and white, someone out there can find a legitimate use for just about anything.  Granted, some of them are just shameless pump'n'dump shitcoins, but it doesn't mean you should dismiss all altcoins on that basis.
 

the funny thing about bitcoin fanboi's they'll accept bitcoin going as it has almost totally centralised, then tell you if you don't like the direction the bitcoin core has taken then you can go your own blockchain....so fair enough......but the same crowd when you do...well 

whats this obsession with making bitcoin a monopoly 

The gold/silver analogy is silly. Back when these metals were still used as currency, the advantage of silver was that it filled a role that gold couldn't: namely payment of small quantities, where gold could not be divided into small enough coins. With cryptocurrencies this aspect has become irrelevant, because the smallest amount of Bitcoin you can send is still much smaller than the smallest purchase or tip one would make. There is no need for a cryptocurrency to fill the role of silver.

As for Litecoin following Bitcoin in price, take a look at this all-time BTC/LTC price-chart from BTC-e:
http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime

The trend you see is that Litecoin (and other altcoins, by the way) spike up a short time after BTC/USD has a large rally as traders are satisfied with their profits in BTC and want to diversify a bit. As the BTC-rally turns into a downtrend, LTC drops even more strongly in a gradual fashion. The largest peak in the chart not related to a BTC-rally is in july 2014, when MtGox hinted at Litecoin implementation. We all know how that went.

But the main message is that in periods where very little is going on, LTC gradually loses ground to BTC. This is extremely obvious in the chart and hints at LTC being used primarily as a vehicle for speculation in volatile periods and being primarily dumped by miners during quiet periods.

It would surely go up if that's the case.

I guess it's the next most viable option. You then have the problem of convincing Litecoin sellers to allow you to move into their currency by getting them to accept your worthless BTC. If that isn't happening then billions in crypto wealth is gone alongside all the players so far.

Yeah...  But just 'what if?'  Litecoin...

I think that twitching psycho is just the teensy weensiest bit biased.

If this scenario really does happen http://trilema.com/2015/if-you-go-on-a-bitcoin-fork-irrespective-which-scammer-proposes-it-you-will-lose-your-bitcoins/

Safe haven will be Litecoin.

Litecoin didn't fail, it is and will always be an altcoin used for speculative purposes. That's the only thing it is good for.

I agree with how you think about Bitcoin. There is absolutely no need for altcoins.

LTC is dead I think Bitcoin might of just edged this battle 

That's been discounted by the Coinbase heads. It's also been discounted by the creator of Litecoin himself. Sounds like a pretty firm no to me.

well this not mean that it is better than bitcoin, it just mean that it iwill be used more for a pump&dump, if whales see that a market is too stagnant(like bitcoin now) then they will move to the next one or they create one, here why you see all those alternative coin...

History is repeating itself we heard these comments right beforewe went for 2 bucks to 50. Smart whale money will be eyeing up litecoin again for a pump just like before.  It will be on coinbase and used just like btc you watch what they do.

Well my bet is LTC will do just fine if BTC does just fine...if it strays downward in linkage below the 0.006 LTC to BTC mark...I will likely have a change of heart.
(mining wih knc titan(s) scrypt miners so hardly unbiased in this) but anyway accumulating and holding at the present time (1850 LTC) but with LTC halving coming
up in around 100 days that is my bet...so yeah ....I could put up with LTC just fine at 0.006 LTC per BTC ...esp if BTC went back to 1000 usd ......$6 LTC is just
fine and dandy from where I sit running these Titan(s) to doorstop status (hey...wtf its only money right ....this will all seem moot when in a few years when I have to
suck up to our supreme overlord alien masters conquering the Earth right?)

anyway the bet so far...if it gets to weird I will mine LTC to BTC on www.westhash.com ..and likely hold the LTC I've got now....  a hope and a prayer....but from
the last of the home miners of any type I shall own...may as well take a chance...before these units turn to expensive space heaters and  doorstops....

so it goes....you place your bets and walk away ....(sorta kinda.....hedging above due to the sweet thrill of panic is still possible ..just ..saying)


we also serve who tag along in the BTC wake.......(I also got BTC this is my last of my home miners side bet) ...but hey....that is why they call what we
do with alt currencies and BTC in the press ..."speculating" ...some speculate BTC will go up and LTC will die ....others speculate in other ways ....
pretty sure the harsh face of reality will let itself be shown within months if not a couple years.....exciting!

LTC is totally failed, and it have no chance to survive.
Anything LTC can do, BTC can do very well too, So we don't need LTC.

as a hero member level how can you still hold to this , the faster confirm is at the expense of security and block chain bloat, so it doesnt really confirm faster, as propagation is just as fast as its the same signal down the wires.

you have to watch bloat and orphans / splits for optimal confirm times but faster confirms is a myth

coins will exist by class (as I have said before)

POW (BTC)
POS (PEER)
java kinda front END NXT/NEM (yes yes I know pos)
All your servers belong to us XRP and friends
Hardrive coin Maidsafe etc

etc etc

and maybe one backup in each class. So LTC may have a place.

but is will be survival of the class coin, plus maybe one or two spam coins of the moment.