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Topic: Why do we need Litecoin when we have Bitcoin Cash? (Read 526 times)

member
Activity: 431
Merit: 18
I have personally not bought or used bitcoin cash at all but from the looks of it and my personal experience with litecoin LTC, i prefer lite coin.
Litecoin has a more stable Blockchain and the transaction fees is so low that its almost unbelievable. Transaction speed on the other hand is really slow and it takes a lot of time for transactions to get confirmed
jr. member
Activity: 652
Merit: 6
In my opinion one of the reasons that make Litecoin superior to Bitcoin Cash, Litecoin has a higher market cap than BCH. On the other hand, Litecoin is more centralized than Bitcoin Cash because it uses the Scrypt hash algorithm, which is the most popular PoW consensus mechanism.
sr. member
Activity: 1722
Merit: 269
Real question, Bitcoin cash does it all and better with a stronger backing. Why Litecoin?



Well maybe these coins are similar in their use cases and features so you could ask why do we need them both, but if you do that in that case you also need to do this with basically every industry and their products in an open market.
Why do we need cars from BMW if we already have Mercedes cars? Or why do we need Smartphones from Apple if there already is Samsung.
The answer is because some people like BMW more than Mercedes and Apple more than Samsung for completely individual reasons.
And the same thing applies to crypto projects too, because there aren't much really unique projects out there which offer something that all the other projects cant offer in a similar way.
sr. member
Activity: 1064
Merit: 300
In general i don't understand why to have Litecoin in portfolio and even more so i don't understand people who have Bitcoin Cash.
I believe that these coins only pull your potential bitcoins at a distance.
Many people use Litecoin to send between exchanges.I still do this out of habit, although there are ways much cheaper.Just have confidence in this coin.For example, I always take ltc if there are free funds.
Of course it's your right but i prefer to buy bitcoin with free money and then increase it. It's much more comfortable for me to see more bitcoins on my account today than yesterday and no matter what the price on the market is against the dollar.
full member
Activity: 560
Merit: 217
Because lite coin is older then bitcoin cash, bitcoin cash is the product of blockchain politic it happen in 2017 bullish because two big community does not agree for each other idea, bitcoin cash community also thread bitcoin community like enemy. Bitcoin cash is centralised while litecoin is well distributed and sportive community behind it.
member
Activity: 523
Merit: 11
litecoin is the next option after other big tokens like ethereum or BNB and others. seeing the potential of litecoin is good, but there have been no significant changes and developments from litecoin, making this one of the best choices. So why should you choose Litecoin? that's the answer
full member
Activity: 1820
Merit: 107
Real question, Bitcoin cash does it all and better with a stronger backing. Why Litecoin?



I think people already know the answer, But IMHO, Litecoin exists first before BCH creation through a Bitcoin hard fork thats why you are asking the wrong question?  So let us reverse the question Why we need BCH when Litecoin is already here? I believe LTC is far better than BCH because Litecoin has a strong community of users including investors as well. 
legendary
Activity: 3248
Merit: 1402
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Real question, Bitcoin cash does it all and better with a stronger backing. Why Litecoin?


Litecoin has been around for 10 years, so it's an old and reputable cryptocurrency which people closely associate with Bitcoin. It's not a rival of Bitcoin, it's just a friendly modification that was by Bitcoin's side for all these years. So I think that Litecoin will always be a popular choice for those who support Bitcoin but are open to trying something else if it helps with the fees, for instance. Bitcoin Cash, on the other hand, is clearly a rival of Bitcoin, and its creation threatened Bitcoin from the very beginning, putting its integrity at risk and splitting the community into believers and non-believers. So people who support Bitcoin aren't very likely to turn to Bitcoin Cash, while they can be quite open to Litecoin.
full member
Activity: 1946
Merit: 112
Real question, Bitcoin cash does it all and better with a stronger backing. Why Litecoin?


As far as I know, Litecoin appeared before Bitcoin Cash and probably has good technical data. For me, Litecoin is important today. The fact is that earlier I used Ethereum more, but after the problem with the high price of commissions appeared in the ETH network, I started looking for an alternative and found it partially in Litecoin. At the moment, I most often use Litecoin because there are cheap transactions in its network, which gives me the opportunity to save on payments while the Litecoin price has not yet reached its previous peak, which means there is a potential for future growth.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
Real question, Bitcoin cash does it all and better with a stronger backing. Why Litecoin?

Maybe the meaning of your question is Bitcoin cash better than Litecoin?

Bitcoin cash and Litecoin have a lot in common, they are the hard shell of Bitcoin, BCH and LTC share the same codebase, and they have the ability to scale effectively. Plus BCH and LTC are in the 10 largest cryptocurrencies by market cap. The main objective is to fulfill the need for virtual currency with low fees and the fast confirmation time.

Bitcoin Cash and Litecoin have their respective advantages and disadvantages, but both are cryptocurrencies. So they are very dependent on the development of the crypto market, If the demand for digital payments increases, most likely these two coins will also increase in value.
sr. member
Activity: 728
Merit: 317
Crypto Casino & Sportsbook
Both Litecoin and Bitcoin Cash are forks of BTC. The difference is that Litecoin (that is commonly named as Bitcoin Lite or “digital silver”) emerged in 2011 year (much earlier than Bitcoin cash that emerged only in 2017). After fork Litecoin became popular because it used light encryption algorithm that made transaction confirmation rate four times higher than that of BTC. As far as I know for a long time no one digital coin was quicker than Lite. Bitcoin cash was created in 2017 as new quick alternative of BTC with cheap transactions and it seems to work well enough, even though all the Hodlers and traders don't trust it.
hero member
Activity: 2632
Merit: 649
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In general i don't understand why to have Litecoin in portfolio and even more so i don't understand people who have Bitcoin Cash.
I believe that these coins only pull your potential bitcoins at a distance.
Many people use Litecoin to send between exchanges.I still do this out of habit, although there are ways much cheaper.Just have confidence in this coin.For example, I always take ltc if there are free funds.
sr. member
Activity: 1064
Merit: 300
In general i don't understand why to have Litecoin in portfolio and even more so i don't understand people who have Bitcoin Cash.
I believe that these coins only pull your potential bitcoins at a distance.
full member
Activity: 1190
Merit: 117
I have never thought Bitcoin Cash was better than Litecoin, so there is no reason for me to invest in Bitcoin Cash. Because for me Bitcoin Cash is
a shitcoins, and I have no interest in being able to make a profit from Bitcoin Cash. Even if we look at the market cap of Litecoin and Bitcoin Cash,
it can prove that Litecoin is indeed much better than Bitcoin Cash. Therefore, Litecoin is in 10th place, while Bitcoin Cash is 13th.
member
Activity: 616
Merit: 12
The Standard Protocol - Solving Inflation
I don't see any reason to use bitcoin cash over litecoin, at least Litecoin doesn't claim to be the real bitcoin like bitcoin cash founder and supporters think, it's really funny whenever i come across any of their supporters calling bitcoin a shit coin and saying bitcoin cash is the real deal, like why don't they just say bitcoin cash is the real bitcoin cash Cheesy?, they keep saying it's the real bitcoin, but in reality bitcoin cash is shit honestly.
copper member
Activity: 812
Merit: 12
I ❤ ₿itcoin and Ethereum
Real question, Bitcoin cash does it all and better with a stronger backing. Why Litecoin?



because Litecoin is more popular than Bitcoin Cash and of course fees for transactions using Litecoin are also very cheap and fast, so people prefer to use Litecoin instead of Bitcoin Cash, because people don't believe in Bitcoin Cash (scam), so it's better to use Litecoin than Bitcoin Cash, therefore Litecoin is more popular and better than Bitcoin Cash.
full member
Activity: 756
Merit: 100
Litecoin is a more affordable coin. People  using it, and LTC, in principle, has never let down. Yes, now there is no such rapid growth, but there is stability. I buy this coin and I know that many people buy it. Although I can't say anything bad about Bitcoin Cash.
I like to transfer crypto to dollars through LTC!
sr. member
Activity: 2296
Merit: 348
Real question, Bitcoin cash does it all and better with a stronger backing. Why Litecoin?
I have not used any one of them but what I have seen so far I am going to say that Litecoin is a better choice, and of course I like Litecoin despite I haven’t used it. As for Bitcoin Cash, I wouldn’t say the same thing. They are kind f copying everything about Bitcoin and it’s misleading people. Their website is Bitcoin.com instead of BitcoinCash.com, and they did that because they know for sure that most newbies will be typing in Bitcoin.com on their browsers (while the original Bitcoin’s website is Bitcoin.org).

So, this shows that these Bitcoin Cash devs are scammers. Secondly , when it comes to market cap Litecoin is a few steps ahead of the Bitcoin Cash if you check Coinmarketcap. And when it comes to transaction, Litecoin is better and faster based on research.
sr. member
Activity: 1988
Merit: 453
The only reason I would ever use either LTC or BCH is because of their low transaction fee. If we talk about technology, then both these coins are ages behind the newer cryptos such as Cardano and Polkadot. However I need to admit that the LTC developers try their level best to keep the coin updated against the recent issues and security bugs. Both LTC and BCH are losing market share and it doesn't surprise me. They are simply outdated cryptocurrencies.
legendary
Activity: 2282
Merit: 1023
That's right, because Litecoin was developed personally to make it easier for himself and also for others, and this is clearly different from Bitcoin Cash which was born from a hard fork so that its development is no longer being carried out.
I am not following both their developments but i am using both because the gambling sites have listed them and more over i did not invest much in bitcoin cash but it was airdropped for free and for a long time i used them to wager.

What i do not understand what you mean by Litecoin developed personally by Charlie Roll Eyes. He sold almost all of his premined coins because he thought it is not going anywhere or he wanted to take advantage of the instant richness, who knows and if he is taking care of development it is well and good.

@OP just check the created date of both of these coins and you will have your partial answer Tongue.
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