Litecoin: 3 outcomes

[Febo]

When I joined this forum. A bit more then 2 years ago. This forum was like LTC is total crap. There are milion coins that are better.  But reality back then was that LTC was second most used and known crypto.  Today that is not the case anymore. And ofcourse 2014 and before will never happen again.  I am not saying anything about a price. But just about being  used and known.

[raphma]

It's easy to say how fast Litecoin is when nobody uses it. All those altcoins acting as if they can do better than Bitcoin when they have no use at all and dont have to deal with the problems of having big volume.

Bitcoin is gold and Bitcoin is king, no coin is going to replace it.

i totally agree with @oblivi.
the problems in bitcoin will be solved by bitcoin. there will always be market to altcoins but none of them will surpass bitcoin usage, at least not in my opinion.

[buyinbtc]

When I joined this forum. A bit more then 2 years ago. This forum was like LTC is total crap. There are milion coins that are better.  But reality back then was that LTC was second most used and known crypto.  Today that is not the case anymore. And ofcourse 2014 and before will never happen again.  I am not saying anything about a price. But just about being  used and known.

and it actually is, how can it be better than bitcoin if it is not used by anyone and it is not going to be used, i think the most possible is the first outcome

[spartak_t]

You should keep in mind that the banks sometimes are using 50-year old software. We should wait probably at least 5-10 years until we can say who is going to win the "race". We have number of fiat currencies, we can have a number of cryptocurrencies as well (i.e. several to succeed). Too early to say...

[r0ach]

It's stupid to rule LTC out. It has potential and it is still recovering from the 2015 chinese pump and dump were like 8 million coins were dumped.

Haha, yea I heard a lot of people complain about getting burned on that.  LTC dumped so hard that a lot of people just left the coin never to come back again after they bought at top.  People who were once fans of certain coins tend to become enraged after getting burned on market moves like that, so you need fresh blood on the scene for the market to do anything after.

a true p2p decentralised currency should be indifferent to branding.

An illusive Kelsey the Litecoin troll sighting.  It's like drawing a pentragram to summon the devil.  Draw a Litecoin sign on a spotlight like Batman and Kelsey appears.

[bitcoinlitcoinbtcltc]

Litecoin will never see $5 again. It will be worth $0.50 before it will be worth $5. Mark my words.

Gdax also doesnt care about it. If they did, ti would've been added by now. It will never be added. They will come up with excuse why they didnt add it in the end anyway, LOL.

[spartak_t]

An illusive Kelsey the Litecoin troll sighting.  It's like drawing a pentragram to summon the devil.  Draw a Litecoin sign on a spotlight like Batman and Kelsey appears.

HAHAHAHA

Litecoin will never see $5 again. It will be worth $0.50 before it will be worth $5. Mark my words.

Gdax also doesnt care about it. If they did, ti would've been added by now. It will never be added. They will come up with excuse why they didnt add it in the end anyway, LOL.

I am 101% sure that it will see $5 and even more! Big exchanges like GDAX are thinking twice before listing some coin so we can't say that they won't list it.

[fravia]

Litecoin will never see $5 again. It will be worth $0.50 before it will be worth $5. Mark my words.

Gdax also doesnt care about it. If they did, ti would've been added by now. It will never be added. They will come up with excuse why they didnt add it in the end anyway, LOL.

thats true, in my opinion litecoin is not going to grow at any time in the future, i hope that the price will go up only of bitcoins, it will have bright future

[dream7000]

Somebody please explain why LTC average transactions have surpassed Bitcoin's average for the last three months.

https://bitinfocharts.com/litecoin/transactionvalue-btc-ltc.html#1y

[GreenBits]

I don't think litecoin will surpass bitcoin because of trust (bitcoin has been around the longest) but I can certainly see it always being in the top five. It's like a strawberry to bitcoins vanilla. It serves a different purpose than btc ATM, that is LTC is more useful for quick value transfer. There might be a hype coin that pops up like a cookies and cream or a seasonal flavor. But you go with what you know, at least as far as American consumerism is concerned. I can see ltc taking a permanent second place however,  they actually take development serious, but slowly. I don't see all the cash grabbiness that's par for the course out here; guys have enough capital already where they don't have to look janky in order to keep going. Keep up the good work ltc dudes, you have provided me liquidity many a time and I salute you.

[Ayers]

Somebody please explain why LTC average transactions have surpassed Bitcoin's average for the last three months.

https://bitinfocharts.com/litecoin/transactionvalue-btc-ltc.html#1y

because with litecoin you are not limited to 3 per seconds, you can do 4x since the block time allow more rom, it's 4x bigger, with its 2.5 minutes, but it's only the average the spike is still in bitcoin hands as you see

[European Central Bank]

as long as the Chinese keep loving litecoin you'd be premature in discounting it completely. it don't do much for me but there's no denying that it's one of the most honest coins out there with a competent crew on the case, but i'm really starting to wonder if any traders give a shit about this fact.

maybe its day will come again but there's a risk it'll get lost in the epic pumps we've been having with other alts. it really needs to separate itself with some actual usage.

[SweFinnish]

Betting $500 that ltc will still be trading under $5 in October.

Ltc is useless and will never ba added to gdax or coinbase. Never. And if, for some reason it does end up there, the price will dump even harder

Lòoool

Yeah, ltc's hash rate is mainly controlled by Chinesd big miners. They can easily dump ltc into okcoin and huobi, some of them steals the electricity, therefore ltc can be very very cheap.

Are you sure you don't mean Bitcoin? ROFL!

Chandler Guo is a bitcoin, ethereum classic miner now. Litecoin biggest miner is called "big eye frog" or sth like that. He is famous in the community, and he has earned 100M of CNY because of litecoin.       And he is founder of a mining company.

http://www.wanbizu.com/xinbi/20140702416.html

[dballing]

The sweet spot

[numismatist]

The sweet spot

http://bitcoindaily.org/wp-content/uploads/2016/05/what-is-litecoin.jpg

Litecoin wins at almost all rows. Strange as is. That would predict a higher interest in Scrypt ASICs soon.

[durrrrdwan]

The sweet spot

I doubt the image is many months ago, btc 443 usd?    Btw, except the prices, other info are comprehensive.

[Pursuer]

I see 3 possible outcomes for Litecoin: (which one do you think it will be)
1. Litecoin continues as the silver to Bitcoin's gold analogy forever and maintains 60-70 to 1 ratio with BTC (or better at times similar to precious metals).

I think this is the most probably thing to happen for litecoin. LTC has a good and dedicated developer and it will continue being strong and continue being at this price and in time can even grow.

2. Bitcoin has an issue such as scaling and it brings down or sideways the entire crypto market including Litecoin.

what issue?
first of all the scaling issue is not yet a serious issue
second of all this issue is being solved one way or another. and I think the more time it takes and more tests done on it, the better it is before really implementing anything.
so I can't really see bitcoin failing because of scaling issue and anything else replacing it.

3. People realize that Litecoin is a better Bitcoin and it has to be rebranded as the platinum to Bitcoin's gold.

well that's just it, litecoin is not better than bitcoin so there is nothing to realize.

The sweet spot
[I m g]http://bitcoindaily.org/wp-content/uploads/2016/05/what-is-litecoin.jpg?resolution=1024,1[/img]

bitcoin block size is wrong!
the rest are also debatable, and not entirely right about either of these!

also there is two important things missing from this picture:
1) manipulation: it exits everywhere but if we call level of manipulation in etherum 100% in the other two it would be less than 10%
and
2) decentralization: LTC and BTC are both at an acceptable level of decentralization but ETH is a centralized coin that is being controlled by the developer and the foundation.

[dballing]

I was trying to find that "big eye frog" or sth guy that was mentioned earlier. That was an image I happen to see in Google Images when doing searches. I've never heard of that guy though doing that much Scrypt mining...

[dballing]

I see 3 possible outcomes for Litecoin: (which one do you think it will be)
1. Litecoin continues as the silver to Bitcoin's gold analogy forever and maintains 60-70 to 1 ratio with BTC (or better at times similar to precious metals).

I think this is the most probably thing to happen for litecoin. LTC has a good and dedicated developer and it will continue being strong and continue being at this price and in time can even grow.

2. Bitcoin has an issue such as scaling and it brings down or sideways the entire crypto market including Litecoin.

what issue?
first of all the scaling issue is not yet a serious issue
second of all this issue is being solved one way or another. and I think the more time it takes and more tests done on it, the better it is before really implementing anything.
so I can't really see bitcoin failing because of scaling issue and anything else replacing it.

3. People realize that Litecoin is a better Bitcoin and it has to be rebranded as the platinum to Bitcoin's gold.

well that's just it, litecoin is not better than bitcoin so there is nothing to realize.

The sweet spot
[I m g]http://bitcoindaily.org/wp-content/uploads/2016/05/what-is-litecoin.jpg?resolution=1024,1[/img]

bitcoin block size is wrong!
the rest are also debatable, and not entirely right about either of these!

also there is two important things missing from this picture:
1) manipulation: it exits everywhere but if we call level of manipulation in etherum 100% in the other two it would be less than 10%
and
2) decentralization: LTC and BTC are both at an acceptable level of decentralization but ETH is a centralized coin that is being controlled by the developer and the foundation.

I agree with you! Although, you have to admit LTC is a slightly better BTC . My hat goes off to the BTC network effect though and the unstoppable support from the community. I've never met so many intelligent people in my life (in one place) and it was at a time when I was losing hope for humanity.

[bitcoinlitcoinbtcltc]

The sweet spot

You have to update it, Litecoin dumped a bit and Ethereum went up a bit.

Or wait. Because before October, you'll have to update it to $3 (or sub $3 for LTC) anyway, LOL.