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Author Topic: If you want to use, really use coin, you should use Litecoin  (Read 1664 times)
nanonymousx (OP)
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March 02, 2017, 05:34:49 AM
 #1

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.
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March 02, 2017, 05:53:20 AM
 #2

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.
I think some of coins are much better to perform there function . And one of them is litecoin (small form of bitcoin ) .
But here I think the main issue of confirmation in the litecoin is very loss then in bitcoin due to load of the users of bitcoiners .
But if you are getting better facility in litecoin than in bitcoin then you should continue your work with bitcoin in form of litecoin but be careful that about all altcoins Are depended upon bitcoin.
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March 02, 2017, 06:39:34 AM
 #3

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.

you should report the "size of transaction in byte not in bitcoin" for all we know you send a 5000 byte transaction with 10000 satoshi fee!
even if your transaction was the smallest 40 satoshi/byte is still very small.

Quote
2 litecoins, no fee, took my chance, and it was done almost instantly.

again the same thing here. the size of transaction in byte is important not the amount you send.

Quote
I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.

well it depends on what you mean by practical. if you want to buy something with crypto currency online then bitcoin is the choice. very rare places also have litecoin as payment option.
if it is any other purpose it is still bitcoin because of the price. but litecoin can be used too.

and just FYI price of litecoin has been very stable and good. it is still worth $3.78 as i am typing this and it has been around 3.5-3.8 dollar for a long time. so i don't know what you mean by "price going down and down"!

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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March 02, 2017, 09:05:26 AM
 #4

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.
if the price was down and down i think that is not stable and if your aim is how to decrease the fees besides Litecoin you also could transactions using Doge because the fees also very low for every transactions using Doge but i think this is gonna works only if we send to another altcoins users only but the problem is usually people will use bitcoin and very difficult to avoid the fees
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March 02, 2017, 09:19:46 AM
 #5

This is a known issue nowadays the congested transaction and something needs to be done fast, but to be substitute Litecoin for Bitcoin is wrong, Litecoin team has not even thinking of challenging Bitcoin dominance, though I have my issues with Dash but they are aiming for that Bitcoin position but Litecoin team is not
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March 02, 2017, 10:16:10 AM
 #6

This is a known issue nowadays the congested transaction and something needs to be done fast, but to be substitute Litecoin for Bitcoin is wrong, Litecoin team has not even thinking of challenging Bitcoin dominance, though I have my issues with Dash but they are aiming for that Bitcoin position but Litecoin team is not

They can work and co-exist,in the future we will  be needeing at least 20 working and community supported crypto currency and litecoin is very much qualified,I admire the people of litecoin,they deserve to be in the top position and we also must this support this coin,they have been here through the years.

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March 02, 2017, 11:16:53 AM
 #7

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.

bro 10k satoshi in fee is very minimal these day, you need to pay 36k satoshi, no wonder many transaction are stuck, people don't know how much to pay with bitcoin, they still believe we are stuck at 10k satoshi, what about using an accelerator they work really good and speed up your transaction quickly, and btw litecoin have not this issue because litecoin have a very small amount of tx per day not comparable with the king bitcoin

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ekoice
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March 02, 2017, 11:49:54 AM
 #8

Transaction time is a big issue in bitcoin.But it can be solved if the block size was increased from 1 MB.Day by day,bitcoin users are becoming more.We cant choose a coin based on this single factor transaction.We should take lots of factors into consideration. Lets hope the best with bitcoin.
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March 02, 2017, 11:50:39 AM
 #9

yes litecoin, a long time ago, became my reserve crypto for no other reason then it simply worked for me way better then bitcoin, i often wonder whether 99% of the bitcoin enthusiast actually use it, because if you did use it they'd notice tis not user friendly at all and hasn't been for the longest time.  
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March 02, 2017, 11:52:39 AM
 #10

one of the many great things about decentralization is that you can use whatever you want. if it is an altcoin like litecoin or if it is a completely random altcoin. and the rest of the world can choose to use bitcoin!

the thing about litecoin is that it is a copy of bitcoin with faster block generation nothing else! at least if it could activate segwit we could have said that litecoin is different but that has not happened yet.

and besides, litecoin is fast because it is not being used as much as bitcoin and nobody is spam attacking litecoin. most of the altcoins out there would die in half a day if the spam attack on bitcoin shifted there!

--looking for signature--
nanonymousx (OP)
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March 02, 2017, 04:57:54 PM
 #11

From  a usable currency point of view, Litecoin beat Bitcoin.

 If you are in a  area under defunct government, Litecoin work much better than Bitcoin. That is all.
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March 02, 2017, 06:54:48 PM
 #12

rebranded WBB will actually BE used in the coming months, watch and learn people.  Cool

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March 02, 2017, 07:04:33 PM
 #13

well it depends on what you mean by practical. if you want to buy something with crypto currency online then bitcoin is the choice. very rare places also have litecoin as payment option.
if it is any other purpose it is still bitcoin because of the price. but litecoin can be used too.

Well, I don't very often use bitcoin to buy stuff, and it is a while ago.  But this thread inspired me to have a look at current fees, and if what is written here is right:

https://bitcoinfees.21.co/

then things are getting expensive.  If 50 000 satoshis are the average price to get your transaction through "normally", that is about $0.6 right now, or am I wrong ?  That is not a negligible amount any more as compared to fiat.

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March 02, 2017, 07:28:14 PM
 #14

Without specific data: transaction ID where we can see how many bytes you sent, this revelation is questionable.
0.0001 fee is unfortunately no longer good enough is most cases, it's sad truth, but we are currently having a war fee.

There is a service which can accelerate your confirmation time: https://www.viabtc.com/tools/txaccelerator/
I know it is workaround and not standard solution, but it gets the job done.
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March 02, 2017, 08:49:11 PM
 #15

Well I'm planing to gamble with litecoins, first I started to collect litecoins from faucets and I buy litecoins occasionally, when I gather some decent amount I will try to make more with gambling, there is few casinos where we can gamble with litecoins.
Is there any other way to earn litecoins aside from faucets and of course buying them?



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pinkpanther03
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March 02, 2017, 08:52:44 PM
 #16

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.

Nowadays, especially bitcoin price value is continually getting higher, it is still much better to use bitcoin. Though we still need to buy litecoin because litecoin is one of the established altcoin in cryto. And Ltc price has still stable,
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March 02, 2017, 09:21:34 PM
 #17

LTC
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March 02, 2017, 10:12:24 PM
 #18

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.

iam smile , if you sending 0.15 bitcoin you only use sending fee 10k satoshi
standard bitcoin sending fee 50k satoshi/Kb and if fast transaction 90 - 140k satoshi/Kb , if you setting sending fee only 10k satsohi very long time confirmation not new case, because you sending fee is very low
if want altcoin in low sending fee good community and fast transaction you can use dogecoin

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March 03, 2017, 05:25:03 AM
 #19

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.

I agree, I feel that Bitcoin is out of normal people's reach. The fee is 50 cents USD, that is low for international transfer, but too expensive for day to day uses.
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March 03, 2017, 06:41:47 AM
Last edit: March 03, 2017, 07:12:06 AM by psionin
 #20

Bitcoin is like gold and can be used very well as value storage and for transactions over $1000. (Ones that don't happen often, and can wait a few hours if necessary.)
Litecoin, as digital silver, can be used for transactions between $10 and $1000.
Dogecoin, as digital copper, can be used for anything under $10, and is especially unbeatable for micro payments, since the cost of sending is just 1 doge and the network has a really high capacity compared to Bitcoin.

If such a model is accepted by the marketplace, then the Bitcoin scaling issue can be resolved without having forks that affect blockchain immutability.
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