[LTC] Litecoin Speculation

[tokeweed]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

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[youdamushi]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Oh true.
You can't say the market of cryptos is really big and strong...
It's growing yeah but most people will never use crypto.
It means there is no real place for 2 equally competitive cryptos like there is room enough for dozens of fiat currencies

[BrainyNetwork]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

So BTC has to die for LTC to grow in price/use/popularity?

Why so?

If BTC never scales up, it can still be the most secure store of value network, so big transactions go there, and smaller transactions on LTC network, no?

[torjusg]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Oh true.
You can't say the market of cryptos is really big and strong...
It's growing yeah but most people will never use crypto.
It means there is no real place for 2 equally competitive cryptos like there is room enough for dozens of fiat currencies

There is a bit of lack of vision in what you are saying. Most people will probably use crypto without even knowing they are, because they will be so easy to use by the time of general market adoption that it will simply be like any other currency. And in a market situation of negative growth, which will happen because of resource depletion in the world, there is no way that common folk won't embrace currencies that are not closely tied up to their own countries hyperinflating markets. Simply look at how the price of gold and silver explodes in times of economic trouble. And gold and silver is way less liquid in our society than any cryptocurrency.

However, one coin is likely to become the new world coin. And because of their limits in technological design, I doubt either BTC or LTC will be the answer. They simply don't scale well enough to a market. I'm not talking only about number of possible transactions, but mostly because they don't scale their inflation based on volume and market growth. In a rapidly expanding market in either of this coins, the price of the coin thus rises rapidly, making consistent pricing of any product in the coin worthless as it will have to change constantly. It also encourages saving money instead of using them, in the hopes of future high prices.

And guess what, when people get used to using coins in a certain way over a lengthy period of time, they start using them as such. If it's not a currency to start with, it is very hard to turn people into using them even when the value of the coin has stabilised, because there is always the fear of missing out on the price growth.

There are various solutions one could implement here and still preserve market share. Proof of stake is one of them, but it needs to be combined with something that triggers increased inflation during times of extreme growth, to keep the coin usable as a currency, with relatively predictable prices, like seen with most fiat currencies. And there needs to be a moderating factor to the preservation of market share as well, to make sure the coin is falling just slightly in value and that people thus want to use it for commerce rather than a store of wealth.

Both LTC and BTC can as far as I see it, never become anything but a speculative asset and a store of wealth.

[adroitful_one]

$100 by December

That is too much. I think it is 20 to 30.

Last time Bitcoin was in this price range, Litecoin was sitting at $25-$30 if I remember correctly. So I would say you could expect to see Litecoin hit that price again pretty soon. But, there's really no telling.

[tokeweed]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Oh true.
You can't say the market of cryptos is really big and strong...
It's growing yeah but most people will never use crypto.
It means there is no real place for 2 equally competitive cryptos like there is room enough for dozens of fiat currencies

That's not a good comparison.  Fiat currencies aren't 'competing' for market share like cryptocurrencies do.  Bitcoin, Litecoin and the rest is a new asset class.  You may think they're currencies but do they really behave or are treated like one?  I'd say they're treated more like commodities.

So BTC has to die for LTC to grow in price/use/popularity?

Why so?

If BTC never scales up, it can still be the most secure store of value network, so big transactions go there, and smaller transactions on LTC network, no?

Sure, but will people really trade back and forth when they can have one cryptocurrency to do the job of both?  We are dealing with technology here not really the 'currency' per se.

[Sumo]

I don't understand all the selling with seg and coinbase around the corner. Everytime it starts to rise it just gets dumped to shit. Makes no sense. I'm starting to get the feeling that it all might be priced in and the whales are happy selling at this price point. I keep thinking maybe the miners were hoarding coins while the price was low to sell at a later time. Maybe this is contributing to it. Very frustrating to be a part of lol

[BrainyNetwork]

LTC new high, reached $18.10.
After holding dumps for many days now it should go well for another rise.

Edit: $18.70

Edit: $19.00

[youdamushi]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Oh true.
You can't say the market of cryptos is really big and strong...
It's growing yeah but most people will never use crypto.
It means there is no real place for 2 equally competitive cryptos like there is room enough for dozens of fiat currencies

That's not a good comparison.  Fiat currencies aren't 'competing' for market share like cryptocurrencies do.  Bitcoin, Litecoin and the rest is a new asset class.  You may think they're currencies but do they really behave or are treated like one?  I'd say they're treated more like commodities.

I see what you mean...
I still think my point is valid, there is not enough room for those currencies even if they don't compete in the same way than fiat currencies because they have a completely open market.

[BrainyNetwork]

I thought LTC would need some rest before breaking 0.015 but it did today. I guess we can expect another pump in the next days 

[g___]

LTC new high, reached $18.10.
After holding dumps for many days now it should go well for another rise.

Edit: $18.70

Edit: $19.00

edit: $25.10

[FOMOFish]

Is is not about Ltc eclipsing Bitcoins market cap or surpassing it as number one coin. They will rise together and have a mutually beneficial relationship. This goes for most alt coins with promising technology. This is an ecosystem not limited to one single coin just as the foreign exchange isnt limited to only the US dollar. When Btc is 100k, litecoin will be 10k.

[wheelz1200]

Is is not about Ltc eclipsing Bitcoins market cap or surpassing it as number one coin. They will rise together and have a mutually beneficial relationship. This goes for most alt coins with promising technology. This is an ecosystem not limited to one single coin just as the forein exchange isnt limited to only the US dollar. When Btc is 100k, litecoin will be 10k.

Quite ambitious, i would say 12 months if it could get to .03btc (not speculating where btc would be) that would be a very successful run for ltc.

[JessicaG]

You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Agreed.



Anyway, though BTC is my juice, the LTC I find most interesting to. What I am looking at, is how this coin is being approached; though these "oooh, SegWit" remarks and such make me chuckle a bit, it is interesting to see how in crypto world the LTC seems so get some traction lately...
In the first place, there was, and (still) is, this user-base of miners in support of the LTC, in the form of hash power; regarding non-Bitcoin related hash power, this has always been rather stable and impressive, compared to anything that sprouted after the LTC. Added to that, there's the adoption of LTC on coinbase, likewise the renewed ASIC's being spit out by several companies...

This certainly has my attention, on the potential potential of the LTC; price wise speaking, that is...