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Author Topic: Why do we need Litecoin when we have Bitcoin Cash?  (Read 458 times)
mamesso
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March 25, 2021, 11:44:06 AM
 #41

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.

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March 25, 2021, 12:04:43 PM
 #42

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.
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March 25, 2021, 12:39:00 PM
 #43

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.

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March 25, 2021, 01:16:35 PM
 #44

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. 
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March 25, 2021, 02:55:26 PM
 #45

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

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March 25, 2021, 03:08:33 PM
 #46

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.
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March 26, 2021, 08:50:25 AM
 #47

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.
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March 26, 2021, 08:59:00 AM
 #48

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.
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April 18, 2021, 11:26:01 AM
 #49

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.
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May 05, 2021, 10:32:25 PM
 #50

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

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