What is difference between Bitcoin, Litecoin, Dogecoin and NXT?

[notlist3d]

Hi can you describe the details of digital currency such as Bitcoin, Litecoin, Dogecoin and NXT? Which is more secure?

Bitcoin = Gold
Litecoin = Silver (biggest Alt after BTC)

the rest is a scam.

some people call Litecoin a scam.

It is basically a copycat of BTC with some parameters modified, and the dev team is not really the most active we've seen around.

The reason I would tend to not call it a scam is hearing the inventor of it.  If you ever go to a BTC conference and hes speaking I suggest listening to him.

How he planned out LTC and did no premine period.  Even let it out where people could test setup before launch.  Was very impressive it's harder to get a more fair start of a coin then what he did.

[ranochigo]

Hi can you describe the details of digital currency such as Bitcoin, Litecoin, Dogecoin and NXT? Which is more secure?

Bitcoin = Gold
Litecoin = Silver (biggest Alt after BTC)

the rest is a scam.

some people call Litecoin a scam.

It is basically a copycat of BTC with some parameters modified, and the dev team is not really the most active we've seen around.

I wouldn't call it a scam. It is more like a experiment to try to give everyone a chance to mine with their GPU. They didn't merely modify the perimeter. They had to implement the entire scrypt algorithm into the blockchain. Note that they had made an effort to counter ASICs (even though it wasn't successful).

[Herbert2020]

you should only use bitcoin as your primary cryptocurrency and if you are interested in any altcoin just try trading them. never invest in any of them since they are all failing one after another no matter what their name is.

[notlist3d]

you should only use bitcoin as your primary cryptocurrency and if you are interested in any altcoin just try trading them. never invest in any of them since they are all failing one after another no matter what their name is.

I agree keeping BTC as main crypto currency. But those who understand the altcoin market can make good money, if you dont understand it the opposite is true you can lose a lot.

I don't think it's a bad thing holding a few altcoin's but I consider them more of a gamble.  Reason it's a gamble is all the pump/dump stuff.   If you know what your doing it is better then gambling, but I won't pretend I'm a master at altcoin trading.

There are some that can do it and profit.  And even some who are able to program bot's with good settings that make money all day, personally I'm blown away by people who can do this especially those who figure out the parameters of bots.

[pooya87]

Hi can you describe the details of digital currency such as Bitcoin, Litecoin, Dogecoin and NXT? Which is more secure?

Bitcoin = Gold
Litecoin = Silver (biggest Alt after BTC)

the rest is a scam.

i find it a bit harsh to call all altcoins scam and also i don't agree with excluding Litecoin from the rest of the altcoins out there. although there are a lot of arguments about Litecoin, i believe  litecoin is a dying coin like the rest of them

for me every single one of the altcoin serve a single purpose, and that is to help me make more bitcoin by trading them.

[notlist3d]

Hi can you describe the details of digital currency such as Bitcoin, Litecoin, Dogecoin and NXT? Which is more secure?

Bitcoin = Gold
Litecoin = Silver (biggest Alt after BTC)

the rest is a scam.

i find it a bit harsh to call all altcoins scam and also i don't agree with excluding Litecoin from the rest of the altcoins out there. although there are a lot of arguments about Litecoin, i believe  litecoin is a dying coin like the rest of them

for me every single one of the altcoin serve a single purpose, and that is to help me make more bitcoin by trading them.

They just need a good community again.  It's hard to tell if they will get it.

I think of any alt coin LTC has best chance of coming back up one day.  There are some others that have novel ideas behind them.  But LTC has pretty much been no 2 for a long time.

I think it needs some new miners in alt coin area, and more acceptance on sites taking them.  If sites that accept BTC all accepted LTC without changing between on a exchange LTC would get a instant bump.

[Bizmark13]

Hi can you describe the details of digital currency such as Bitcoin, Litecoin, Dogecoin and NXT? Which is more secure?

Bitcoin = Gold
Litecoin = Silver (biggest Alt after BTC)

the rest is a scam.

some people call Litecoin a scam.

It is basically a copycat of BTC with some parameters modified, and the dev team is not really the most active we've seen around.

I wouldn't call it a scam. It is more like a experiment to try to give everyone a chance to mine with their GPU. They didn't merely modify the perimeter. They had to implement the entire scrypt algorithm into the blockchain. Note that they had made an effort to counter ASICs (even though it wasn't successful).

Litecoin wasn't actually that innovative given that Tenebrix had already solved the problem of integrating the scrypt algorithm into a cryptocurrency. What Litecoin did well was creating a fairly launched, well developed, and far less buggy product than the alternatives at the time.

Also, Litecoin was originally designed to be resistant to GPUs back when Bitcoin mining was dominated by GPUs. The idea was that those without expensive GPU mining rigs could still mine on their ordinary PCs. Litecoin failed in this regard but managed to keep a step behind Bitcoin in terms of the transition from CPU to GPU to ASIC mining which insured that it always had a niche to fall back on.