i still don't get what the improvement of litecoin is over bitcoins (not talking about the mining aspect or the different cap) but, actual, practical improvement ..
it doesnt need to. we dont need to reinvent the wheel everytime a new car is out... cryptocurrency world is far from reaching saturation and at this point (and this comes down to how you personally define it) i believe every single one of us can still be considered an early adopter (at the broader meaning of the word) of cryptocurrencies. I know people are tired of this comparison/analogy but its the easiet to make: what the hell is the difference between gold and silver if not availability and outside appearences? i mean....noble metals? check. both used as a store of value/investment/hedging for inflation/etc? check. limited availability? check. why isnt silver considered redudant (and hence worthless) when we have the much more valuable gold? Because the real world doesnt work like that, and it never will.
i actually think that we're still at the wright brothers stage of cryptocurrencies...so IMO its foolish to think bitcoin will be the only, or even the biggest kid on the block forever and ever and that it will be an end unto itself. future cryptocurrencies will probably replace bitcoin (but maybe not kill completely) and all "first gen" cryptocurrencies.
dont invest anything more than you can afford to lose but IMO you should not write off opportunities unfolding in front of you just because you have a fixed mindset/tunnel vision.
No, it wasn't. Price was already way down before MtGox got hacked. Furthermore, "because Bitcoin" is not a reason Litecoin will go up.
However, your first point is better than anything else you've posted so far. It doesn't explain -why- the demand is up, but there must be a reason. Hopefully it is a good one.
the mtgox hack (with the db dumps and everything) was-whatever way you chose to look at it-undeniably atleast part of the reason for that specific crash.
Let's face facts. Some people don't want Litecoin to succeed because in their small minds it is a threat to the market share of Bitcoin. I've read all manner of silly arguments against Litecoin lately and they are becoming more common as Litecoin gains more and more traction.
fixed. this is fallacy. A common one, but still a (il)logical fallacy.