Topic: LTCBTC: 0.02 — The Conservative Case for Litecoin (Read 174 times)

Chart is fine. Those who don't wanna buy now are the same ones who will buy at record highs when Litecoin pumps again lol

At least my "overlord" isn't anonymous and has dumped his bag lmao you really think that's a bad thing?!!!

The analysis is really impressive. But not everyone thinks like you. People are just focusing on the technology and value of Bitcoin every day. They are not too concerned about these fundamental analyzes because they are accustomed to pump and dump.
Although Litecoin is being undervalued, few people dare to buy it much now because the chart is not doing well. We need to wait for the bull run to reach its full potential.

Let me get this straight. Do you honestly believe that Litecoin is better than Bitcoin? You really need a huge dose of reality. Bitcoin premine? Laughing My Fucking Ass Off. Tell that to your Litecoin overlord that dumped all his LTC on his followers.

Just look at your response. It's all just bias. Not wanting to accept how software is made by mostly copying code or using code written by someone else. Not wanting to accept that when a still anon dude was minting fifty coins per ten minutes by himself a huge chunk of the max supply all with his own personal computer and you call that using precious electricity lol really? What was the hash rate back then again? It was worth next to nothing back then and you think that justifies it? Of course it was worth next to nothing because no one knew about it yet lol. But it was definitely worth a lot according to Satoshi that's why he kept mining so you're not fooling no one... Litecoin on the other hand launched when many knew about crypto and competed in its mining so its distribution is a lot more decentralized than bitcoin will ever be and you say Litecoin is more centralized than bitcoin lol. And liquidity is not about volume sir. Liquidity is about being able to sell or buy a decent amount at market price. Volume is 90% fake anyway especially in crypto and especially bitcoin because many sell it immediately after buying lol. They only use it to buy an altcoin basically and that's the only advantage bitcoin has over litecoin. I'll grant you that ;-)

And about your third "rebut". In your dream haha... XRP is a shitcoin with a lot of premine and will never be comparable to Litecoin. To bitcoin maybe since how Satoshi mined over 1 million BTC at the start, about 5% of the maximum supply, was nothing short of premine lol... The fact that you go to XRP to bash Litecoin shows how desperate you are to find a legit argument against Litecoin

FYI, I don't normally bash bitcoin but when I see BTC maximalists act like a jerk I can't help but give them a piece of their own medicine

1. Can you expound more on where bitcoin's code was copied? And as for libraries, you don't become a "copykat" just by using libraries. People and companies use libraries all the time, to make their jobs easier.

Satoshi was using precious electricity and hardware power to mine the bitcoin back then, for some coins that was pretty much worth zero back then. I don't see that as "printing money out of thin-air". Satoshi's coins are just worth a lot right now because bitcoin became decently successful today. If it didn't, the coins would still be worth next to nothing.

2. Litecoin has like 5x less trading volume compared to Bitcoin. How does that make litecoin "almost as liquid as bitcoin"? Also take note that the main trading pairs on exchanges are always with bitcoin and not litecoin. And regardless if it has decent trading volume, it won't matter in the long term. It's unnecessary.

3. Even though people prefer buying coins in non-decimal numbers(hence why a lot of people buy XRP), it doesn't matter. It's pretty much just unit bias. Wait til a smaller denomination with bitcoin becomes the norm.

Gold and silver has their own uses. Bitcoin and litecoin though? Litecoin is just a more centralized version of bitcoin. The only good thing about litecoin is it being a lab rat for bitcoin.

I've been running into too many shitposts promoting Bitcoin over Litecoin, bashing the crap out of Litecoin even at the current ridiculous rate of less than 0.01 BTC. I'm sick of it and feel sad for those who fall for these posts and fold. Here I'm going to give you 3 reasons why I believe that the LTC/BTC pair is dirt cheap now and will solidify well above 0.02 BTC soon. The 0.02 BTC rate, and if not the 0.01 BTC rate will become an everlasting floor for this pair. Whether Bitcoin goes up in USD or down I do not know. But what I do know is that LTC/BTC will go up as the current rate is 100% absurd.

Reason 1: Many accuse Litecoin of being a copykat. I could easily accuse Bitcoin of being a copykat too since most of its code is copied from elsewhere including the open-source c++ libraries it uses, some of which were written decades ago. Also Litecoin is not a mere copy of Bitcoin with only a rebrand. It did make certain changes that made it in many people's views, superior to Bitcoin. One important change was the lowering of block time, making it 4x faster than Bitcoin. As a result, Litecoin fees have been consistently low unlike Bitcoin which got so fucked up that it led to the splittnig of the community and the BitcoinCash shitshow. Litecoin was also launched at a time in which many more people knew about cryptos and could compete in mining it whereas with Bitcoin, for a whole while only a still anonymous dude named Satoshi Nakamato knew and was mining 50 coins every ten minutes which is equal to half a million US dollars per 10 minutes now! Talk about printing money out of thin-air.

Reason 2: Litecoin is almost as liquid as Bitcoin. Most exchanges have it listed and new ones list it too because it makes sense to do so. And unlike Dogecoin with no maximum supply which adds appx. 5 billion new coins a year to its supply, Litecoin keeps halving its block rewards and moves closer to its maximum supply very much like Bitcoin. The fame, and liquidity of Litecoin as well as its scarcity and inflation makes it the second best option for investors, if not the first already.

Reason 3: Litecoin's supply being 4x more than Bitcoin makes it more affordable. People like to buy at least 1 coin. I know some might say: "Oh well with Bitcoin people can just buy 0.01 BTC" Yeah they sure can, but most people don't like that. They prefer to own at least 1 coin. And a lot more people can afford 1 Litecoin than 1 Bitcoin now. Also, people look at the 4x supply and expect a fair value of 1/4th of Bitcoin or 0.25 BTC for Litecoin. They do the same with Gold and Silver. You may have all heard of the Gold/Silver ratio! So the 0.02 BTC rate is a very conservative rate and will still be considered extremely undervalued by many!