Topic: Why Litecoin can't reach Bitcoin price? - page 2. (Read 2562 times)

Because people aren't willing to pay the same for Litecoin as they are for Bitcoin. Bitcoin is king. Can't see that changing anytime soon, not unless something significantly better comes along.

While this may be true I dont think its worth much. The original quote says these features do not bring anyone new in and only the people already in the community care and/or buyin to these coins and I tend to agree. Even someone like me who is an active member of the community did not know the details of some of those coins you listed above. If I dont know about them, how is the general public going to know and be able to pick the best for their needs? (Dont take that as 'I know everything about crypto' because I defiantly do not!) Point is there are too many options for a general person to pick from. Chevy, Dodge, Ford - Pepsi, Coke - Dell, HP, Gateway (are they even around anymore) - people like options but they are not going to read the specs of 400 coins to pick exactly whats best for them, they will pick one of the top 5 and deal with it even if there is a 'better' option available.

Very true and I agree with this statement, however it can be used both ways. What happens when bitpay or some other 3rd party comes along and accepts litecoin? Then the 10 minute and 2.5 minute wait are equal and if that happens whats to stop litecoin from over taking Bitcoin? Essentially they do the same thing and by using a 3rd party many of the 'features' are put on the same level. This would be true of any coin, not just BTC vs LTC.

The protocol of these coins is just the beginning, things will really start to come alive when we get more 3rd parties involved. I think whatever coins are picked up there first will be the ones that really take off. So far its Bitcoin but Litecoin also has a payment processor, GoCoin.com so that puts it one step ahead of 400+ other alts - for now anyway.

or simply such people have actually examined the bitcoin code and its pre development history to know pretty much all these supposed new innovations aren't so original  

Clone can not compete with genuine innovation.

It depends on its value and many factors can effect its value. Like many new coins, the person who put forward a new coin makes all efforts to certify its value, however, its value still is restricted by many factors. It is the floating market of cryptocurrencies. The price of Bitcoin has experienced a lot of floasting, however, as more and more countries accept it, it can not be ignored any more, so its value is commitment to its market popularity now. I don't think it is meaningful to compare Litecoin and Bitcoin.      

Are you kidding ?

https://bitcointalksearch.org/topic/why-litecoin-can-cross-bitcoin-on-cap-the-fundamentals-analysis-760871

why it can cross Bitcoin.

I won't argue against your other statement, but I'd like to talk about this one.

I've heard a lot of Bitcoin/Litecoin people say that, but I'm not sure all of them realize it is just their opinion. It is not based off of any scientific evidence or research.. people just kind of throw this claim out there as if it's true and we are all supposed to believe it. Let me give you a few examples of why my opinion is different.

Asset issuance (many alt coins) - Can bring in businessmen looking to start companies that wouldn't otherwise be able to due to onerous government fees and application processes (SEC)

Crowdfunding (swarm coin, counterparty, etcetra) - Can bring in inventors, artists, game developers, etcetra, that don't want to pay the high fees that websites such as kickstarter and indiegogo charge.

Market pegged assets (bitsharesx) - Can bring in commodity traders looking for a cheaper alternative to existing markets; People that like the ideology of crypto currencies but don't like the (sometimes) massive price fluctuations and uncertainties

Decentralized DNSs (namecoin, etcetra) - Can bring in human rights supporters & internet freedom supporters

Decentralized gambling (lottoshares, etcetra) - Can bring in people that like to gamble but have been too worried to play on centralized websites that can tweak the odds even more in their favor than advertised & no worries about the website stealing your money

Decentralized market places (Nxt, etcetra) - Can bring in people that are tired of getting raped in fees by Ebay & Scampal, deep web market places, etcetra

Decentralized IDs (keyhotee, etcetra) - People that want to secure their financial and personal information, and be able to sign into website with a click of a button instead of entering a user name and password.

I could go on and on... and I'm not even mentioning all the different crowds the above features might bring in. They might not be coming in droves at the moment, but these technologies are new and not very well known right now. Once they are improved upon and more widely known, they very well could catch on due to the numerous advantages that decentralization and block chain technology bring.

Hey, you wanna know why none of your points make sense? Bitpay.

First off, Litecoin's "slightly smoother" blocktime time of 2.5minutes is Put To Shame by hundreds of altcoins with 20 second and below blocktimes, like Fastcoin etc etc.

Second off, Bitpay requires 0 confirmations for Bitcoin, so you don't have to wait 10minutes like you used to, again, making Litecoin's only "feature" of having a 2.5minute blocktime, irrelevant.

In those respects, along with the fact that Litecoin is a bitcoin clone that offers absolutely nothing, makes Litecoin Useless. The only reason it's "still standing" is because past people have put in some infrastructure into it, but as you can see, it's been on a price decline since November, and has Not followed Bitcoin's in it's price increases etc, which means Litecoin is on its own, it's not the silver to anything, it's worthless.

simplified was probably the wrong word to use, i more meant from using both for real world trans ltc is slightly smoother, still personally don't see it as smooth enough for mass adoption.

extra features point, none of those extra "features" are attracting anyone new from outside this very small niche community.

How exactly is Litecoin more simplified than Bitcoin? It is pretty much the same thing with quicker block times and more money supply. The algorithm is different, but that doesn't have anything to do with it being simpler.

Also, I don't see how it is any more capable of mass adoption than Bitcoin is.


Not specifically directed at you, just ranting:

People complain about cryptos having extra features, but I think it is silly. I have a solution for those people: don't use them. It will attract some users that do want to use them though, and therefore it helps with adoption.

If you want the truth, it's because the name sucks. 

Good guess.

We can't change avatars since forever

Grad engineering students may get a hard-on for some of these Gen 2.0 platforms...
But if you can't explain it to your aunt or neighbor in 60 seconds it's not going anywhere.

The more I think about NXT... the more ridiculous it seems...
35% of NXT tx fees are collected by 5 accounts...
So you have this TOTALLY CENTRALIZED group floating complex decentralized alpha products.

NXT is like a Glory Hole blowjob by a random 3rd World ho while wearing 3 rubbers.
What fun... but grad engineers fantasize about this kind of special kink.

Or you have Jeb-Serial-Scammer floating a Ripple clone... zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

Security and dead simple is everything...
And that means BTC, LTC, and a handful of new, secure, dead simple crypto.

The idea of crypto is good but what the CC world lack is the infrastructure to help less tech-savy people get in. If you don't know how to work with a computer or only have basic knowledge, you won't be able to deal with the technical side of crypto which might stop a lot of people from using it.

You want the price to rise? Find a way for more people to be able to use it without too much problems. Make it more ''user-friendly''.

sorry but form a real world perspective I don't see anything but something based on bitcoin, but with improvements (eg simplified, capable of mass adoption.

btw not saying it'd necessarily be litecoin (and don't get me wrong i'm not exactly a ltc fanboi, i say the only thing actually good to come out of cryptos so far is; the idea).

investments are too wide-spread by the launch of new coins everyday. Keep the numbers of coins around 20 and you won't see the same low price for every coins out there. The biggest problem of open source is not that anyone can copy it, is non-thinking investors sending money to the first ''dev'' saying they can make a quick buck or making them think so.

Put that aside and maybe litecoin can reach the bitcoin price but i'm not sure any other coins can do that in the near future.

Based on your profile image did you used to be a big fan of LTC but are not anymore?

Network effect, infrastructure, merchant adoption, development (those apply to all coins versus Bitcoin)

That... and it's a copy and paste coin