Topic: Will Bitcoin end up just like Litecoin? (Read 5004 times)

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

No, Litecoin just hasn't anything vastly superior to offer. Bitcoin just has the most exposure and traction in the general public. Litecoin just suffered from everyone going back to the real cryptocurrency - Bitcoin!

KJO

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I agree that LTC offers little innovation however they are an established brand deeply entrenched in the history of crypto and will destroy its alltime high when the bull regains traction.

There is a reason why so many traders prefer LTC. The volume is still incredible on virtually every exchange and the least risk of any altcoin.

LTC will go past $100 next bubble easily despite the advent of asics.

Death of LTC not gonna happen.

gog1

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LTC died because of ASIC, there's nothing truly differentiates between LTC & BTC

BTC's got the first mover advantage. Don't see it being replaced by altcoins or the current so-call 2nd gen crypto at the moment.

leopard2

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There is room for one major player for each algorithm - so LTC and BTC should be fine.

Both can, of course, be replaced by something else but that is not very likely because there is major worldwide hashing hardware out there, for scrypt and sha256 but not for any of the other algos.

No1 threat to LTC was DOGE but now, DOGE is inflationary and LTC is not...

KarmaShark

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Got in and back out of LTC in 2013 when there was some serious BTC to be made. LTC may stick around however I would not hold a large percentage of crypto in there right now.

Febo

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Quote from: exocytosis on August 27, 2014, 11:03:00 PM

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

Litcoin was designated to lose worth fast. Bitcoin have much more future left before that happens.

zimmah

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Quote from: ensurance982 on August 26, 2014, 09:01:17 AM

It is the digital/crypto-currency and therefore will prevail.

Imagine living at the end of the 19th century:
"Horses are the mode of transportation, and therefore will prevail. Just ignore those fancy automobiles! They can't challenge horses as a means of transportation!"

actually, automobiles where the new mode of transportation and horses the old.

you are defending the dollar (old) versus bitcoin (new)

which one do you think will win, the old, or the new?

itsAj

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Quote from: nuff on August 27, 2014, 12:32:42 PM

Quote from: NamelessOne on August 27, 2014, 10:39:33 AM

Quote from: smoothie on August 27, 2014, 01:09:23 AM

Quote from: NamelessOne on August 26, 2014, 09:29:58 AM

The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails. Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

Wow you sound pretty butthurt. People like you were spewing the same BS back in 2011 when LTC launched, then 2012, and then 2013...

Now we are in 2014...no difference. lol Roll Eyes

Butthurt? No I’m not butthurt for evaluating litecoin when it first appears and simply putting more money into bitcoin. I was one of those people in 2011, then 2012, and then 2013... and now here in 2014. It has zero innovation, that can't be argued. Litecoin made some people good money, in some cases huge money, maybe it will make more people even more money. Good for them, they saw that opportunity from the marketing. Even I thought it was great marketing and could lead to a ‘me too’ coat tails chase. But the lack of innovation, the carbon copying of bitcoin, killed any interest on my part. The fundamentals were never there and still aren’t.

I have a keen interest in the innovative alts, but I don't like seeing garbage succeed.

Litecoin is, from a technical point of view, better than Bitcoin. Faster transaction confirmation for example. But how cryptocurrencies work is the one with the first mover advantage will always be most valuable, because that's just how cryptocurrencies work. When you mine any coin for that matter, it's always easier and more to mine early than it is late

Fast confirmation time is not necessarily a good thing. It means there is likely a much higher orphan rate and is much easier to mine enough blocks to make your chain longer then the longest chain accepted by the network. This essentially means that an unconfirmed TX with BTC is more secure then a 1 confirm TX with LTC.

wasserman99

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Quote from: Cluster2k on August 28, 2014, 09:54:50 AM

Litecoin has become a pure commodity play. A trading toy for daytraders to see how much profit they can extract from other other. Its value is swinging so violently now that I can't see any merchant glancing in litecoin's direction and thinking 'hmm, I think I'll price goods in something that changes value by 20% almost daily'.

At least there are businesses that take bitcoin payments. Litecoin only business are basically non existent.

There are some businesses that are starting to accept LTC, but they are very few. LTC is also much less secure then BTC is as it's network hashrate is much lower.

I do agree with you that LTC (like all other alts) are nothing more then a speculative play for traders as they add nothing of value that bitcoin does not provide.

Ayers

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DGbet.fun - Crypto Sportsbook

no way, litecoin, was not even the second one, just a pure clone, with a good name i must admit, those two combinations let it go far

thegold

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Quote from: piramida on August 27, 2014, 01:59:46 PM

Quote from: thegold on August 27, 2014, 01:00:30 PM

it's just a balancerrr.... in one side there is a man and the other side there is a womannnn...

no, correct comparison would be - one side there is a man and the other side there's a piece of gum stuck to his shoe.

thank you for correct comparison,..

my grammar is not good...
XD
but i want to learn english to get BTCBTCBTCBTCBTC Cheesy

hahaha

giveBTCpls

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Litecoin was a fork from Bitcoin that offered nothing, I reckon most of the interest was thanks to the google guy being involved. If it was a random dev, no one woulda given a fuck about Litecoin in the first place. Coin is doomed I think.

kireinaha

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Bitcoin is too big to fail! I think I've heard that before somewhere.

Justine

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Quote from: thew3apon on August 28, 2014, 08:31:33 AM

People no longer accept litecoin, they accept darkcoin instead.

You have an example on who accept litecoin and then later replace it with darkcoin?

Not that the answer is important, but both coins are going to disappear not too distance into the future.

Wekkel

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yes

Because people always like charts. Moar chartzzz

botany

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Quote from: nuff on August 26, 2014, 11:24:02 AM

Quote from: drawingthesun on August 26, 2014, 11:11:19 AM

Quote from: drawingthesun on August 26, 2014, 10:50:40 AM

Quote from: exocytosis on August 27, 2014, 11:03:00 PM

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

I disagree, the Bitcoin core development team are careful, their product is responsible for billions of dollars in wealth. They are not going to implement features to compete with other coins in a timely manner.

To show an analogy, see Silicon valley and its startup culture. Quite often smaller, more nimble companies are able to fight and sometimes even ruin much larger, much better resourced companies.

Actually, come to think of it, developers aren't really relevant at all. What made Bitcoin the only one there is is because of its first mover advantage. That's just how deflationary products work, the earlier you are, the more valuable you become.

I wouldn't go so far to call the developers irrelevant. We once had almost 92 Bn BTC. If developers are lax, such things can happen. Grin

That time someone hacked 92 billion BTC into existence

On 8th August 2010 bitcoin developer Jeff Garzik wrote what could be mildly described as the biggest understatement since Apollo 13 told Houston: “We’ve had a problem here.”

“The ‘value out’ in this block is quite strange,” he wrote on bitcointalk.org, referring to a block that had somehow contained 92 billion BTC, which is precisely 91,979,000,000 more bitcoin than is ever supposed to exist.

CVE-2010-5139 (CVE meaning ‘common vulnerability and exposures’) was frighteningly simple and exploited to the point of farce by an unknown attacker. In technical language, the bug is known as a number overflow error.

realbtcdealers4real

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No Can't do. Bitcoin is the to go crypto reference, it will never, never die. Universe will explode with BTC cool and alive.

Cluster2k

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Litecoin has become a pure commodity play. A trading toy for daytraders to see how much profit they can extract from other other. Its value is swinging so violently now that I can't see any merchant glancing in litecoin's direction and thinking 'hmm, I think I'll price goods in something that changes value by 20% almost daily'.

At least there are businesses that take bitcoin payments. Litecoin only business are basically non existent.

thew3apon

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People no longer accept litecoin, they accept darkcoin instead.

catena5260

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Bitcoin has market acceptance that Litecoin has not.

So it just won't happen

nuff

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Quote from: ensurance982 on August 26, 2014, 09:01:17 AM

It is the digital/crypto-currency and therefore will prevail.

Imagine living at the end of the 19th century:
"Horses are the mode of transportation, and therefore will prevail. Just ignore those fancy automobiles! They can't challenge horses as a means of transportation!"

Only if you are stupid

JimboToronto

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You're never too old to think young.

I thought the main function of Litecoin was to extend the mining feasibility of GPU miners after the advent on FPGAs and ASICs for SHA-256 hashing.

With the advent of Scrypt ASICs, that advantage has been lost. The torch has been passed to multi-crypto-algorithm coins.

exocytosis

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Quote from: ensurance982 on August 26, 2014, 09:01:17 AM

It is the digital/crypto-currency and therefore will prevail.

Imagine living at the end of the 19th century:
"Horses are the mode of transportation, and therefore will prevail. Just ignore those fancy automobiles! They can't challenge horses as a means of transportation!"

bitcon

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Quote from: ?? on ??

Quote from: bitcon on August 26, 2014, 08:39:35 AM

actually ltc is performing better than btc at the moment. if btc was keeping up with ltc it would be at $550 instead of $508.

how do you work that one out? a few months ago 30 ltc would get you 1 btc

thats where you went wrong. youre talking a few months ago, im talking today. what would you rather have - 100,000 ltc and ltc goes to $6 or 1000 btc and btc goes to $520 if youre lucky?

piramida

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Borsche

Quote from: thegold on August 27, 2014, 01:00:30 PM

it's just a balancerrr.... in one side there is a man and the other side there is a womannnn...

no, correct comparison would be - one side there is a man and the other side there's a piece of gum stuck to his shoe.

thegold

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hmmm, litecoinnn is just like a second coinnn of cryptocoinnn...
it's just a balancerrr.... in one side there is a man and the other side there is a womannnn...
so just like that....

hehehehe

abercrombie

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Litecoin potentially has a short cover rally coming due to all the short interest.

That's the only thing it has going for it.

Gramps used to say, don't try catching a falling knife.

nuff

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Quote from: NamelessOne on August 27, 2014, 10:39:33 AM

Quote from: smoothie on August 27, 2014, 01:09:23 AM

Quote from: NamelessOne on August 26, 2014, 09:29:58 AM

The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails. Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

Wow you sound pretty butthurt. People like you were spewing the same BS back in 2011 when LTC launched, then 2012, and then 2013...

Now we are in 2014...no difference. lol Roll Eyes

Butthurt? No I’m not butthurt for evaluating litecoin when it first appears and simply putting more money into bitcoin. I was one of those people in 2011, then 2012, and then 2013... and now here in 2014. It has zero innovation, that can't be argued. Litecoin made some people good money, in some cases huge money, maybe it will make more people even more money. Good for them, they saw that opportunity from the marketing. Even I thought it was great marketing and could lead to a ‘me too’ coat tails chase. But the lack of innovation, the carbon copying of bitcoin, killed any interest on my part. The fundamentals were never there and still aren’t.

I have a keen interest in the innovative alts, but I don't like seeing garbage succeed.

Litecoin is, from a technical point of view, better than Bitcoin. Faster transaction confirmation for example. But how cryptocurrencies work is the one with the first mover advantage will always be most valuable, because that's just how cryptocurrencies work. When you mine any coin for that matter, it's always easier and more to mine early than it is late

mustang77

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Dumb comparasion because Bitcoin is the king and Litecoin is a poor mans Bitcoin.

dyland

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We must become the pitiless censors of ourselves.

I really don't see bitcoin ending up like litecoin, and you have pre-determined an outcome that is not yet here--ie death of litecoin.

NamelessOne

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Quote from: smoothie on August 27, 2014, 01:09:23 AM

Quote from: NamelessOne on August 26, 2014, 09:29:58 AM

The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails. Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

Wow you sound pretty butthurt. People like you were spewing the same BS back in 2011 when LTC launched, then 2012, and then 2013...

Now we are in 2014...no difference. lol Roll Eyes

Butthurt? No I’m not butthurt for evaluating litecoin when it first appears and simply putting more money into bitcoin. I was one of those people in 2011, then 2012, and then 2013... and now here in 2014. It has zero innovation, that can't be argued. Litecoin made some people good money, in some cases huge money, maybe it will make more people even more money. Good for them, they saw that opportunity from the marketing. Even I thought it was great marketing and could lead to a ‘me too’ coat tails chase. But the lack of innovation, the carbon copying of bitcoin, killed any interest on my part. The fundamentals were never there and still aren’t.

I have a keen interest in the innovative alts, but I don't like seeing garbage succeed.

itsAj

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Quote from: NapoleonBonaparte on August 27, 2014, 04:20:45 AM

Quote from: TheJohn on August 27, 2014, 04:16:50 AM

Quote from: Ejaculation on August 27, 2014, 12:17:35 AM

Quote from: TheJohn on August 27, 2014, 04:31:09 AM

LTC 100$ - soonish! Cheesy

When that 1 week Macd is about to turn greenish all hell will break loose.

First, we need more people declaring it dead. Buy when others are fearful. It seems we are on our way just fine.

I wouldn't be surprised if LTC shot up to $30 or so actually. It just needs a little more interest, then boom.

Silver didn't crash after 3 years, did it?

Darkcoin, the next one that would probably shoot up to $30.

Darkcoin just dropped close to 10% again today. The coin is a goner.

All alts have very little value and offer more or less nothing new in terms of features or security or privacy that bitcoin cannot already offer. We will likely see several speculative bubbles in many altcoins but they will all eventually fail.

bitebits

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Flippin' burgers since 1163.

~~Litecoin is a goner too,~~ all the manufacturer mining it and dumping it on market.

Agree. But your conclusion should be opposite. Fixed it.

TheJohn

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Litecoin is a goner too, all the manufacturer mining it and dumping it on market.

fonzie

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Quote from: Wekkel on March 07, 2013, 01:05:08 PM

LTC 100$ - soonish! Cheesy

When that 1 week Macd is about to turn greenish all hell will break loose.

First, we need more people declaring it dead. Buy when others are fearful. It seems we are on our way just fine.

Conclusion: hold on LTC by dear god and sell at $49 after 2 years.

Found this post of yours from March 2013, you were almost spot on with the price, it just happened a year earlier than expected, not bad. So where do you eyxpect the next top 100-200$? Cheesy

NapoleonBonaparte

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Quote from: TheJohn on August 27, 2014, 04:16:50 AM

Quote from: Ejaculation on August 27, 2014, 12:17:35 AM

Quote from: Ejaculation on August 27, 2014, 12:17:35 AM

LTC 100$ - soonish! Cheesy

When that 1 week Macd is about to turn greenish all hell will break loose.

First, we need more people declaring it dead. Buy when others are fearful. It seems we are on our way just fine.

I wouldn't be surprised if LTC shot up to $30 or so actually. It just needs a little more interest, then boom.

Silver didn't crash after 3 years, did it?

Darkcoin, the next one that would probably shoot up to $30.

Darkcoin just dropped close to 10% again today. The coin is a goner.

TheJohn

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Quote from: NamelessOne on August 26, 2014, 09:29:58 AM

LTC 100$ - soonish! Cheesy

When that 1 week Macd is about to turn greenish all hell will break loose.

First, we need more people declaring it dead. Buy when others are fearful. It seems we are on our way just fine.

I wouldn't be surprised if LTC shot up to $30 or so actually. It just needs a little more interest, then boom.

Silver didn't crash after 3 years, did it?

Darkcoin, the next one that would probably shoot up to $30.

smoothie

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LEALANA Bitcoin Grim Reaper

The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails. Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

Wow you sound pretty butthurt. People like you were spewing the same BS back in 2011 when LTC launched, then 2012, and then 2013...

Now we are in 2014...no difference. lol Roll Eyes

bajlox

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BTC wont end up just like LTC wont end up.

In time u will see wasn't the something similar last year and then boom

Ejaculation

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LTC 100$ - soonish! Cheesy

When that 1 week Macd is about to turn greenish all hell will break loose.

First, we need more people declaring it dead. Buy when others are fearful. It seems we are on our way just fine.

I wouldn't be surprised if LTC shot up to $30 or so actually. It just needs a little more interest, then boom.

Silver didn't crash after 3 years, did it?

Wekkel

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yes

Quote from: drawingthesun on August 26, 2014, 10:50:40 AM

LTC 100$ - soonish! Cheesy

When that 1 week Macd is about to turn greenish all hell will break loose.

First, we need more people declaring it dead. Buy when others are fearful. It seems we are on our way just fine.

Ejaculation

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Cryptocurrencies aren't just a "fad", they can really do something. Bitcoin is only growing from my view...

BTCmaster3

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Bitcoin will not end up like litecoin, why? Because bitcoin is the main thing about crypto. I see many merchant accept bitcoin but not litecoin.

Hobbes2

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Will bitcoin end up just like litecoin?

no, bitcoin has a big future. something like http://www.naturalnews.com/gallery/300x250/Money/Bitcoin-Value-Crash.jpg

oh wait, not, i upload another picture by mistake, sorry

BANK RUN

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Litecoin will end up just like bitcoin.

1 Bitcoin will be worth 0.01 LTC

InwardContour

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Litecoin isn't dead like someone said, I'm expecting a slow but steady recover in the next months.

Ayers

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DGbet.fun - Crypto Sportsbook

Quote from: FNG on August 26, 2014, 11:32:19 AM

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

but if government oppose to bitcoin, then any coin can't stand a chance, they will follow the same fate

nuff

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Litecoin is rebounding hard off of it's lows. It's also extremely liquid in the Chinese markets. I wouldn't say it's dead just yet and it will probably triple as bitcoin rises 50% in the near term. From there, who knows. Big money is on bitcoin but I'll hedge / lever up taking the LTC wager at this value.

Litecoin will have its place alongside all the other altcoins. It's just the matter of shifting your perceptions. Some people tweak their Ferraris. Some tweak their BMWs. Some tweak their Hyundais. You play with what you can afford and it's all good, really.

nuff

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Quote from: drawingthesun on August 26, 2014, 11:32:03 AM

Quote from: nuff on August 26, 2014, 11:24:02 AM

Quote from: drawingthesun on August 26, 2014, 11:11:19 AM

Quote from: drawingthesun on August 26, 2014, 10:50:40 AM

Quote from: nuff on August 26, 2014, 11:24:02 AM

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

I disagree, the Bitcoin core development team are careful, their product is responsible for billions of dollars in wealth. They are not going to implement features to compete with other coins in a timely manner.

To show an analogy, see Silicon valley and its startup culture. Quite often smaller, more nimble companies are able to fight and sometimes even ruin much larger, much better resourced companies.

Actually, come to think of it, developers aren't really relevant at all. What made Bitcoin the only one there is is because of its first mover advantage. That's just how deflationary products work, the earlier you are, the more valuable you become.

I urge caution here, Bitcoin is the first example of a real world deflationary product and it could/will face competition.

Remember that Bitcoin is two things, a store of wealth and a decentralised digital cash transfer network, if a much better system emerges that makes that storage safer, more private and also makes the transaction network more usable, you might find the first mover advantage is not enough.

Also the developers do matter, if the entire core team and Satoshi tomorrow said they are releasing Applecoin and dropping Bitcoin for various explained reasons, the market may react and follow.

In which case, should another altcoin have such better features as to render Bitcoin useless, people would still be able to convert their Bitcoins to the equivalent of the newer better altcoin because, as I understand, in the world of cryptos, the one with the first mover advantage has to be the one with the highest value very simply because cryptocurrencies are conceived to be deflationary in nature, to battle the inflationary nature of fiat money. The only way some other altcoin can overtake Bitcoin in value is that if that coin in inflationary meaning it has no limit as to its production (in which case, why bother with cryptocurrency anyway when there's already fiat) and every single person switched to that coin instead.

fonzie

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LTC 100$ - soonish! Cheesy

When that 1 week Macd is about to turn greenish all hell will break loose.

FNG

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Litecoin is rebounding hard off of it's lows. It's also extremely liquid in the Chinese markets. I wouldn't say it's dead just yet and it will probably triple as bitcoin rises 50% in the near term. From there, who knows. Big money is on bitcoin but I'll hedge / lever up taking the LTC wager at this value.

drawingthesun

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Quote from: drawingthesun on August 26, 2014, 11:11:19 AM

Quote from: drawingthesun on August 26, 2014, 10:50:40 AM

Quote from: drawingthesun on August 26, 2014, 11:11:19 AM

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

I disagree, the Bitcoin core development team are careful, their product is responsible for billions of dollars in wealth. They are not going to implement features to compete with other coins in a timely manner.

To show an analogy, see Silicon valley and its startup culture. Quite often smaller, more nimble companies are able to fight and sometimes even ruin much larger, much better resourced companies.

Actually, come to think of it, developers aren't really relevant at all. What made Bitcoin the only one there is is because of its first mover advantage. That's just how deflationary products work, the earlier you are, the more valuable you become.

I urge caution here, Bitcoin is the first example of a real world deflationary product and it could/will face competition.

Remember that Bitcoin is two things, a store of wealth and a decentralised digital cash transfer network, if a much better system emerges that makes that storage safer, more private and also makes the transaction network more usable, you might find the first mover advantage is not enough.

Also the developers do matter, if the entire core team and Satoshi tomorrow said they are releasing Applecoin and dropping Bitcoin for various explained reasons, the market may react and follow.

nuff

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Quote from: drawingthesun on August 26, 2014, 10:50:40 AM

Quote from: drawingthesun on August 26, 2014, 11:12:25 AM

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

I disagree, the Bitcoin core development team are careful, their product is responsible for billions of dollars in wealth. They are not going to implement features to compete with other coins in a timely manner.

To show an analogy, see Silicon valley and its startup culture. Quite often smaller, more nimble companies are able to fight and sometimes even ruin much larger, much better resourced companies.

Actually, come to think of it, developers aren't really relevant at all. What made Bitcoin the only one there is is because of its first mover advantage. That's just how deflationary products work, the earlier you are, the more valuable you become.

kerafym

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THE GAME OF CHANCE. CHANGED.

Quote from: bitcon on August 26, 2014, 11:10:05 AM

I believe both coins will survive and coexist. sure btc has more infrastructure and will always be the original, but if I had to bet on which coin will double in value first I put my money on LTC. I believe many investors / speculators are counting on the same. using LTC as a hedge against Bitcoin is a nice option to have and smart day traders take advantage of that. now NMC and PPC aren't looking too good.

I actually see Litecoin dying, Bitcoin is a first mover and thus will not die and 2nd, 3rd place are up for grabs for anyone with real innovation.

Litecoin developers have make it clear that they will not make any changes to the code or add any features. There will always be strong believer no matter what price LTC is but shrinking market cap speaks louder than words.

drawingthesun

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Quote from: bitcon on August 26, 2014, 11:10:05 AM

I believe both coins will survive and coexist. sure btc has more infrastructure and will always be the original, but if I had to bet on which coin will double in value first I put my money on LTC. I believe many investors / speculators are counting on the same. using LTC as a hedge against Bitcoin is a nice option to have and smart day traders take advantage of that. now NMC and PPC aren't looking too good.

I actually see Litecoin dying, Bitcoin is a first mover and thus will not die and 2nd, 3rd place are up for grabs for anyone with real innovation.

drawingthesun

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Quote from: drawingthesun on August 26, 2014, 10:50:40 AM

Quote from: drawingthesun on August 26, 2014, 10:50:40 AM

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

I disagree, the Bitcoin core development team are careful, their product is responsible for billions of dollars in wealth. They are not going to implement features to compete with other coins in a timely manner.

To show an analogy, see Silicon valley and its startup culture. Quite often smaller, more nimble companies are able to fight and sometimes even ruin much larger, much better resourced companies.

bitcon

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I believe both coins will survive and coexist. sure btc has more infrastructure and will always be the original, but if I had to bet on which coin will double in value first I put my money on LTC. I believe many investors / speculators are counting on the same. using LTC as a hedge against Bitcoin is a nice option to have and smart day traders take advantage of that. now NMC and PPC aren't looking too good.

nuff

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Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

drawingthesun

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Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

ThatDGuy

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Quote from: NamelessOne on August 26, 2014, 09:29:58 AM

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

I think the chances of Bitcoin dying exist, but grow smaller with each passing day of improving infrastructure and vested interest.

nuff

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Cryptocurrency is still very much at its infancy. In fact some may even see it still at its conception stage, with Bitcoin being the proof of concept that the idea of cryptocurrency can work. But if the concept of cryptocurrency can work and gets accepted, Bitcoin will still be the at the forefront for the very simple fact that all other altcoins are based on Bitcoin in terms of value. Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

Wandererfromthenorth

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The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails. Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

Exactly, LTC is garbage.

spazzdla

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BTC jumps from .1 to $30 to $2.. did it die?

That is all.

Ayers

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DGbet.fun - Crypto Sportsbook

Quote from: bitcon on August 26, 2014, 08:39:35 AM

actually ltc is performing better than btc at the moment. if btc was keeping up with ltc it would be at $550 instead of $508.

wow awesome calculation, from where you got those numbers? this mean that bitcoin is falling more than litecoin, it makes sense because litecoin is only falling(in a serious way) since the asic entrance, which is this year

ensurance982

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Trust me!

Quote from: NamelessOne on August 26, 2014, 09:29:58 AM

The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails. Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

It was merely an experiment. It tackled two of the main things criticized when it comes to Bitcoin: PoW algorithm and confirmation time. As it become apparent, that those two things aren't that big a point of failure as though (and Scrypt ASICs are also emerging) it became less unique. And if we really should opt for another currency, we might go for another altcoins to begin with!

NamelessOne

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The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails. Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

TheJohn

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