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Author Topic: BTC is DYING, LONG LIVE THE NEW KING LTC  (Read 4619 times)
kiklo
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May 04, 2017, 05:58:57 AM
 #1

~ Jan 30th, 2017
BTC Price was $922.95
LTC Price was     $3.86

Now on May 04, 2017
BTC Price is $1500.13
LTC Price is     $21.78

BTC Price increased by ~62%
LTC Price increased by
~564.3%

Writing is on the Wall People , Profit from it or ignore it , your Choice!

$1000 invested in BTC would now be $ 1620

$1000 invested in LTC would now be $ 5643   Cheesy Cheesy Cheesy


Class Dismissed.  Smiley

 Cool
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May 04, 2017, 06:16:35 AM
 #2

That's an perfect calculation, which makes users​ understand the potential growth of LTC in comparison to bitcoin. In my personal opinion LTC is preferred only as an trading coin and haven't got other usage similar to bitcoin. This has caused a lacking of popularity, so later on while it gets used similar to bitcoin the living hope on LTC might be experienced by the users. For the same reason we cannot say bitcoin is dying.

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DoublerHunter
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May 04, 2017, 06:19:35 AM
 #3

~ Jan 30th, 2017
BTC Price was $922.95
LTC Price was     $3.86

Now on May 04, 2017
BTC Price is $1500.13
LTC Price is     $21.78

BTC Price increased by ~62%
LTC Price increased by
~564.3%

Writing is on the Wall People , Profit from it or ignore it , your Choice!

$1000 invested in BTC would now be $ 1620

$1000 invested in LTC would now be $ 5643   Cheesy Cheesy Cheesy


Class Dismissed.  Smiley

 Cool
Great comparison but i don't agree with you that Litecoin is the new king of the cryptocurrencies because bitcoin is still the king, the simple explanation of a fast pump for litecoin is very simple, the litecoin back in around January is pretty cheap and its market is not that active unlike bitcoin and litecoin also is very easy to mine and cheap so the manipulators can get easily in touch with litecoin and they can easily dictate the price if they have a lot of money just because litecoin is cheap. Class dismissed Roll Eyes.

Herbert2020
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May 04, 2017, 06:45:57 AM
 #4

as much as i like Litecoin and i have invested in it, i have to do this:
with your logic a lot of shitcoins are better than bitcoin. so lets take a look at some random coins:
Arcade Token (ARC): from $0.15 to $3.32 => 2113% who wants bitcoin and litecoin, lets get ARC.
oh look when you sort this table based on Change (24h) there are a lot of coins better than bitcoin!

and my all time favorite (and important lesson for all marketcap lovers):
DigiCube (CUBE):
on 2017-02-06 this altcoin was number 3 on coinmarketcap!
it went from less than 1 satoshi to about 14000 satoshi thanks to Yobit pump and that is 8,117,660% rise.

Topic: https://bitcointalk.org/index.php?topic=1780445.0

so what do you say we just abandon bitcoin, litecoin and start using CUBE, huh?

.BITSLER.                 ▄███
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kiklo
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May 04, 2017, 06:48:48 AM
 #5

Great comparison but i don't agree with you that Litecoin is the new king of the cryptocurrencies because bitcoin is still the king, the simple explanation of a fast pump for litecoin is very simple, the litecoin back in around January is pretty cheap and its market is not that active unlike bitcoin and litecoin also is very easy to mine and cheap so the manipulators can get easily in touch with litecoin and they can easily dictate the price if they have a lot of money just because litecoin is cheap. Class dismissed Roll Eyes.


Thanks ,

You can also observe BTC Major Downward motion in CoinMarketcap Dominance.
Around 85% down to ~59%, a 36% drop in the same time period , writing is on the wall, my friend.  Wink
http://coinmarketcap.com/charts/#btc-percentage


 Cool
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May 04, 2017, 06:54:25 AM
 #6

as much as i like Litecoin and i have invested in it, i have to do this:
with your logic a lot of shitcoins are better than bitcoin. so lets take a look at some random coins:
Arcade Token (ARC): from $0.15 to $3.32 => 2113% who wants bitcoin and litecoin, lets get ARC.
oh look when you sort this table based on Change (24h) there are a lot of coins better than bitcoin!

and my all time favorite (and important lesson for all marketcap lovers):
DigiCube (CUBE):
on 2017-02-06 this altcoin was number 3 on coinmarketcap!
it went from 1 satoshi to about 14000 satoshi thanks to Yobit pump and that is 8,117,660% rise.

so what do you say we just abondon bitcoin, litecoin and start using CUBE, huh?


Cute ,

Trying to Discredit LTC by trying to link it with some coins that were randomly pumped.

Here is your Problem,
BTC is secured by the Chinese Mining Pools,
LTC is also secured by the Chinese Mining Pools,

BTC has a coinbase wallet , which makes it easier for merchants to use.
LTC will be gaining access to a coinbase wallet, which will increase merchant usage dramatically.

Also if you went by trading volume LTC is already the #1 coin according to https://www.worldcoinindex.com/
, since they rank by trading volume and not marketcap.   Cheesy

None of your random coins have that going for them.  Wink
But Nice Try.  Smiley

 Cool
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May 04, 2017, 06:57:53 AM
 #7

~ Jan 30th, 2017
BTC Price was $922.95
LTC Price was     $3.86

Now on May 04, 2017
BTC Price is $1500.13
LTC Price is     $21.78

BTC Price increased by ~62%
LTC Price increased by
~564.3%

Writing is on the Wall People , Profit from it or ignore it , your Choice!

$1000 invested in BTC would now be $ 1620

$1000 invested in LTC would now be $ 5643   Cheesy Cheesy Cheesy


Class Dismissed.  Smiley

 Cool
LTC have a big potential but its potetial also come from bitcoin
LTC price go higher because of bitcoin price itself
instead of buying ltc before if you keep of your bitcoin and exchange it today i dont think there much diffirence

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May 04, 2017, 07:05:20 AM
 #8


BTC Price increased by ~62%
LTC Price increased by ~564.3%

LTC have a big potential but its potetial also come from bitcoin
LTC price go higher because of bitcoin price itself
instead of buying ltc before if you keep of your bitcoin and exchange it today i dont think there much diffirence



Hmm,
I would suggest you study simple multiplication.

Your Amount of Money * 62%
Verses
Your Amount of Money * 564.3%

If you don't understand why the 564.3% is dramatically better, I suggest you find your 1st grade school teacher and slap the shit out of her , because she failed you.    Wink

 Cool
Herbert2020
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May 04, 2017, 07:06:18 AM
 #9

You can also observe BTC Major Downward motion in CoinMarketcap Dominance.
of course bitcoin's (what you call) dominance is decreasing. when a shit coin like DigiCube (the screenshot above) can be number 3 or ethereum or other couple of hundred altcoins can easily create marketcap (which is a simple number) then share of bitcoin goes down.

Trying to Discredit LTC by trying to link it with some coins that were randomly pumped.
i am not discrediting LTC, litecoin is one of the solid coins and one of the old ones but that doesn't change the fact that it is being pumped because of its SegWit activation. and in the end it won't make it good in a way that you are thinking.

Here is your Problem,
BTC is secured by the Chinese Mining Pools,
LTC is also secured by the Chinese Mining Pools,
this is irrelevant.

BTC has a coinbase wallet , which makes it easier for merchants to use.
LTC will be gaining access to a coinbase wallet, which will increase merchant usage dramatically.
this is also irrelevant. coinbase is a web wallet account not a payment processor and they add altcoins that have high volume so that they can earn money from the fees they take from people buying them or trading them in either coinbase or Gdax.

Also if you went by trading volume LTC is already the #1 coin according to https://www.worldcoinindex.com/
, since they rank by trading volume and not marketcap.   Cheesy

None of your random coins have that going for them.  Wink
what you don't realize is that trading volume goes up when people are trading the coins, and people trade coins when they are getting pumped. go check the volume of February and you'll see.
then go check the volume of some shitcoins during their pumps and you'll understand.

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May 04, 2017, 07:06:56 AM
 #10

Both are making a good run so it is inappropriate to call bitcoin is dying..
LTC might have a good run now, but let's see if it can continue to rise, too many surprises dude, we might be buying at pump so we lose when
it started to dump.

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kiklo
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May 04, 2017, 07:20:06 AM
 #11

You can also observe BTC Major Downward motion in CoinMarketcap Dominance.
of course bitcoin's (what you call) dominance is decreasing. when a shit coin like DigiCube (the screenshot above) can be number 3 or ethereum or other couple of hundred altcoins can easily create marketcap (which is a simple number) then share of bitcoin goes down.

Trying to Discredit LTC by trying to link it with some coins that were randomly pumped.
i am not discrediting LTC, litecoin is one of the solid coins and one of the old ones but that doesn't change the fact that it is being pumped because of its SegWit activation. and in the end it won't make it good in a way that you are thinking.

Here is your Problem,
BTC is secured by the Chinese Mining Pools,
LTC is also secured by the Chinese Mining Pools,
this is relevant.

BTC has a coinbase wallet , which makes it easier for merchants to use.
LTC will be gaining access to a coinbase wallet, which will increase merchant usage dramatically.
this is Very relevant

Also if you went by trading volume LTC is already the #1 coin according to https://www.worldcoinindex.com/
, since they rank by trading volume and not marketcap.   Cheesy

None of your random coins have that going for them.  Wink
what you don't realize is that trading volume goes up when people are trading the coins, and people trade coins when they are getting pumped. go check the volume of February and you'll see.
then go check the volume of some shitcoins during their pumps and you'll understand.

Fixed your mistakes and made them blue.  Wink

A few days of trading volume can be faked,
if you are saying that LTC Entire Year of Trading Volume was Faked, the you also could say the same of BTC.


 Cool

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May 04, 2017, 07:25:59 AM
 #12

LTC is simply an additional opportunity to multiply your investments. It's still very early to say something about the fall of bitcoin, because it is already too strong.
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May 04, 2017, 07:28:26 AM
 #13

~ Jan 30th, 2017
BTC Price was $922.95
LTC Price was     $3.86

Now on May 04, 2017
BTC Price is $1500.13
LTC Price is     $21.78

BTC Price increased by ~62%
LTC Price increased by
~564.3%

Writing is on the Wall People , Profit from it or ignore it , your Choice!

$1000 invested in BTC would now be $ 1620

$1000 invested in LTC would now be $ 5643   Cheesy Cheesy Cheesy


Class Dismissed.  Smiley

 Cool

Well, crypto being essentially a set of speculative tokens, very "complex derivatives" like, I think the diversification of the market cap in crypto is what we are witnessing, because the sky is higher in alt coins, than in bitcoin.

Essentially, instead of having one "serious" crypto (bitcoin) and a lot of "cheap immitation shitcoins" like altcoins have been treated for most of the time, we now have a portfolio of different speculative assets on which one can gamble.  The more "established" they are, most probably the lower short-term risk, but also the less you can expect from them to grow.  You cannot hope for a bitcoin growth of a factor of 5 in the short run ; while this is what certain alt coins did, recently, and not the $10 000 market cap coins, but BIG alt coins, like LTC, DASH and so on.  As such, there's much more speculative money to be made on these coins, than on bitcoin.

This is a self-enforcing cycle: in as much as bitcoin is still very big, and hence considered "safer", these other coins are growing in cap until they will reach a certain kind of maturity, like bitcoin.    This will further erode away bitcoin's special first mover/biggest network, of which the difference with coins like LTC will fade away over time.  We'll get an ever-growing list of big coins, and an ever-growing, and unpredictable list of "fast-money-makers", until this system becomes totally random, big coins start to tumble down, at which moment, a perfectly efficient speculation market is established, where no rises and falls can be predicted.

In all of this, the actual "technical merit" of the coins are just a hype-tool, and have nothing to do with reality.  Crypto is like the derivative market on steroids.

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May 04, 2017, 07:29:34 AM
 #14

Both are making a good run so it is inappropriate to call bitcoin is dying..
LTC might have a good run now, but let's see if it can continue to rise, too many surprises dude, we might be buying at pump so we lose when
it started to dump.

No Dying is an accurate description ,
BTC Transactions capacity is no longer hitting over 60 thousand.
Because LTC is taking over, and it can take all of BTC transactions and still have 75% more capacity to spare, without increasing transactions fees.
BTC is no longer suitable for the micro payment industry or even retail payments as it's fees are too high.
LTC will be used for payments and BTC use will decline even more, and it's price will eventually drop as it no longer serves a purpose.
It will be apparent within 6 to 8 months to everyone.  Cheesy


 Cool
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May 04, 2017, 07:30:06 AM
 #15

~ Jan 30th, 2017
BTC Price was $922.95
LTC Price was     $3.86

Now on May 04, 2017
BTC Price is $1500.13
LTC Price is     $21.78

BTC Price increased by ~62%
LTC Price increased by
~564.3%

Writing is on the Wall People , Profit from it or ignore it , your Choice!

$1000 invested in BTC would now be $ 1620

$1000 invested in LTC would now be $ 5643   Cheesy Cheesy Cheesy


Class Dismissed.  Smiley

 Cool
I still beg to disagree , even LTC priced increased at 564% it doesn't mean Ltc is the king, no! it's not like that, because if that is true the price of Ltc must supposed to be more than the price value of bitcoin. but that is not the situation happened now.

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Herbert2020
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May 04, 2017, 07:33:33 AM
 #16

A few days of trading volume can be faked,
if you are saying that LTC Entire Year of Trading Volume was Faked, the you also could say the same of BTC.

i don't know if you are really dump or think nobody has access to a chart! (i also made them blue for you)


and oh look what it is, it has happened before Cheesy


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May 04, 2017, 07:40:49 AM
 #17


This is a self-enforcing cycle: in as much as bitcoin is still very big, and hence considered "safer", these other coins are growing in cap until they will reach a certain kind of maturity, like bitcoin.    This will further erode away bitcoin's special first mover/biggest network, of which the difference with coins like LTC will fade away over time.  We'll get an ever-growing list of big coins, and an ever-growing, and unpredictable list of "fast-money-makers", until this system becomes totally random, big coins start to tumble down, at which moment, a perfectly efficient speculation market is established, where no rises and falls can be predicted.



BTC & LTC are Equally Safe ,

Chinese Mining pools have over 51% of both coins hash rate , so either coin you are trusting China, No Difference whatsoever.


 Cool
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May 04, 2017, 07:41:40 AM
 #18

Just because a coin goes up in a few months by more than another coin, doesn't mean that the coin is superior or more usable.

And you're definitely not the first person to claim that bitcoin is dying, nor the first to claim that litecoin is going to take over bitcoin. Litecoin was first designed to be ASIC resistant but now that function is gone.

Bitcoin has a larger user base than litecoin, and i would say more stable than litecoin.

A coin can't get consistent returns of 600% every single time. It's just impossible.

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May 04, 2017, 07:49:04 AM
 #19

This is really a short term rally... So let's see if it still holds after Segwit activation in LTC...

By the way, bitcoin ATH in 2013 was about $1163, and we have already 30% above it at $1500+....

Could you remind me the ATH price of LTC, some time in 2013??

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May 04, 2017, 07:50:30 AM
 #20

Segwit is already active on LTC. The user just doesn't have the ability to use it yet.

Scaling and transaction rate: https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
Do not allow demand to exceed capacity. Do not allow mempools to forget transactions. Relay all transactions. Eventually confirm all transactions.
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