BTC is DYING, LONG LIVE THE NEW KING LTC

[NoiseBoy]

It's different this time (tm), because SegWit.

But then bitcoin will eventually achieve some sort of scaling solution. Once AntBleed and ASICBoost are no longer factors, opposition to SegWit activation for bitcoin will evaporate. The fact that LTC will be there to demonstrate the stability and benefits of SegWit just accelerates things. Then LTC will crash again, and BTC will retain its crown.

Why? Marketing.

People outside the cryptoverse have heard of Bitcoin. They haven't heard of Litecoin. They're more likely to have heard of ethereum than litecoin.

And marketing is everything. Bitcoin is the Coca-Cola of crypto: number one brand on the planet, and that alone is worth its weight in bits.

[1713535245]

1713535245

[Zggdrasil]

In short terms I agree, but in long terms...
Bitcoin as we saw, do not require any code update, it's jut grow and grow for years.
New money I would throw in LTC, but wouldn't touch old BTC bags, IMO.

[joshy23]

Why you want bitcoin to die?

Can they just co-exist with each other and used each potential to truly exploits its feature? Bitcoin would never go away and will remain the no. 1 crypto-currency and its hard to ignore the price of bitcoin now. Looks like people around the world are putting a lot of money into bitcoin ecosystem so its really hard for bitcoin to die.

[FOMOFish]

Ltc has too much hype to simply die and be dismissed as a worthless pnd coin. We will reach ath in bitcoin which is around 0.05. After that, it is anyones guess where this goes. Ltc is the proving ground for bitcoin scaling and will roughly 10% of bitcoins price.

[hankyulpark]

I don't believe that LTC will replace BTC anytime soon, or even at all. The rise in price is much appreciated and is paying the efforts of a dedicated community and leading team, with SW and other implementations that will help BTC and other cryptocurrencies in the future, and will help LTC to stay relevant.

[RedX]

Bitcoin won't die. What would happen is litecoin would be one of the closest competitors of bitcoin on the market someday just like ethereum. But I agree that litecoin is rising faster than bitcoin and I hope it would not stop.

[dinofelis]

Bitcoin won't die. What would happen is litecoin would be one of the closest competitors of bitcoin on the market someday just like ethereum. But I agree that litecoin is rising faster than bitcoin and I hope it would not stop.

I don't think that bitcoin will die in the medium term, but rather that the crypto market will not be having a single, clear leader, and "a lot of shit coins" ; it seems to me that such a market configuration is simply not possible in the long run, because *it would be too easy*.  If there is one single dominant crypto, then it is pretty obvious that that's the crypto one needs to "invest" in, will grab all the greater fools, and will be solid and growing for years.  Such is not possible.  If a lot of smart money KNOWS that a single asset is going to rise at important rates for years, and most normal people know that too, they are not going to wait to be the last greater fools,  but buy directly.  Hell, if you knew with certainty that bitcoin was going to rise 50% per year on average for the 20 years to come, would you "spread your acquisitions" over 20 years, or go all-in right now ?
But if all smart money goes in "right now" we would have a HUGE price rise in short time, and then, a stagnation and/or a crashing of the bubble, because once it is high up there, there's no much hope for big gains any more.

So a clear, single, obvious, leading crypto that grows for years and years at astounding rates is simply not possible: it would be too easy to see, and everyone would have gotten in near the start.  However, an opaque market where things sometimes rise, to fall down again, and transit their market cap to others, in a rather unpredictable way, is a market that could, indeed, rise for years, without a single, clearly defined, absolute leader for all these years.  During certain years, a crypto may get the illusion that it is the leader, but it cannot be with certainty for a long time, with a lot of smart money around.  

Because the more it grows, the less head room it has, while other coins are cheaper and the ceiling is further away, so there's more chance for growth.

Now, that's just my theory.  Maybe smart money is more stupid than I think and just follows its dick.  And it is also under the hypothesis that crypto is a speculative token market, and not something that is really driven by actual usage.

[Zadicar]

Btc isnt dying infact it would live even more because the price is still rising and comparing to LTC you can already say such thing comparing the growth percentage.LTC does really have the edge since it do only have 2 digit amount and considering the movement and marketcap LTC wont really stand a chance but still a good alternative if you do want to earn some money with it.

[lijoe408]

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.    

 

The larger marketcap and being more mature the asset, make it harder for bitcoin to have those kinds of swings.  It's impossible for Apple stock to 5x in a quarter at this point.  A penny stock can 5x overnight.

[Herbert2020]

The larger marketcap and being more mature the asset, make it harder for bitcoin to have those kinds of swings.  It's impossible for Apple stock to 5x in a quarter at this point.  A penny stock can 5x overnight.

no not at all. there are at least a 100 altcoins with potentially bigger marketcap that are easy to go up and down.
have you even looked at the first page and what i have posted? apparently not.
marketcap doesn't show anything at all. it is just showing how much supply a cryptocurrency has and nothing more.

what makes those things you mentioned such as Apple stock, to have smaller swings is not their marketcap it is their volume and the demand they have. the orderbooks in another market which is big does not consist of orders as small as a $1000 dollar. and certainly in those markets one person or one group of people don't own 80% of the shares on the market. and definitely they can not manipulate the market as easy as an altcoin market. and you know manipulation and pump and dump is highly illegal in many countries.

[freeElectron]

~ 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  


Class Dismissed.  

 

If you would have bought Ripple, you would have $6971, and would not have invested in an energy wasting network.
You would be able to do transactions 100x faster. Time is money, remember ?


Your point being that Ripple must be the new king right?

[monsanto]

It's different this time (tm), because SegWit.

But then bitcoin will eventually achieve some sort of scaling solution. Once AntBleed and ASICBoost are no longer factors, opposition to SegWit activation for bitcoin will evaporate. The fact that LTC will be there to demonstrate the stability and benefits of SegWit just accelerates things. Then LTC will crash again, and BTC will retain its crown.

Why? Marketing.

People outside the cryptoverse have heard of Bitcoin. They haven't heard of Litecoin. They're more likely to have heard of ethereum than litecoin.

And marketing is everything. Bitcoin is the Coca-Cola of crypto: number one brand on the planet, and that alone is worth its weight in bits.

Well, litecoin has one marketing thing going for it by accident...

Lightning network on Litecoin? A very serendipitous marketing collision... for litecoin anyway.

[kryptqnick]

Bitcoin won't die. What would happen is litecoin would be one of the closest competitors of bitcoin on the market someday just like ethereum. But I agree that litecoin is rising faster than bitcoin and I hope it would not stop.

With this point I agree. Litecoin is just one of the best cryptos along with eth and btc. Ltc is indeed rising faster that btc right now. But this 'now' aspect is very important. The OP gave us the calculations but they don't take into account the previous history. There were times when bitcoin was growing and litecoin was worth only around $6. So, my point is, litecoin will not always grow faster than bitcoin and we can't talk about it overtaking the throne yet.

[netox]

Litecoin the new King of the Deaths;


Is the winter coming for Bitcoin?

[Yuhee]

Bitcoin won't die. What would happen is litecoin would be one of the closest competitors of bitcoin on the market someday just like ethereum. But I agree that litecoin is rising faster than bitcoin and I hope it would not stop.

With this point I agree. Litecoin is just one of the best cryptos along with eth and btc. Ltc is indeed rising faster that btc right now. But this 'now' aspect is very important. The OP gave us the calculations but they don't take into account the previous history. There were times when bitcoin was growing and litecoin was worth only around $6. So, my point is, litecoin will not always grow faster than bitcoin and we can't talk about it overtaking the throne yet.

I think a coin will die if it runs out if coins or all its coined are mined and off course investors. Many coins are now rising up to the ranks thanks to investors who are willing to help a coin. LTC for one just released coins and many mined it just in time. I will not say that LTC is the biggest but there other comparable fluctuations in other coins. ethereum for started after LTC but its one of the next highest coin after btc. So i dont really see any coins dying. Another story if a coin is for scam only.

[kiklo]

The Reason BTC is Dying

is the Following

Am I the only one realizing that ~$1 fee to make a transaction is absolutely insane and defeats one of the core benefits of using bitcoin for daily transactions.

This is getting insane and is completely uncalled for, or am I wrong?

The reason none of the other Alts beside LTC are going to skyrocket ,
is only LTC is getting the direct LTC/Fiat Wallet on Coinbase.

It is all about the fee system.

And the reason , BTC is not a Store of Value
It requires millions of Dollars every month to keep the BTC network running,
thinking that outflow of money can continue to happen , when there are no transactions to help finance the miners, only proves the person believing that is a moron.
Gold or Silver you can store and forget til you need it,
BTC requires blockchain updates and multi million dollar infrastructure to keep it running, and they can't survive forever without transactions fees.

Saying BTC is a store of value, is like saying a walmart gift card is a store of value, because you can not guarantee the store will not be closed before you need to redeem it.
No BTC miners and your BTC is worthless, because it is frozen in a dead blockchain.

 

FYI:
No BTC Transactions = No Transaction Fees = No BTC Miners = Frozen Blockchain = Dead Bitcoin

[dinofelis]

And the reason , BTC is not a Store of Value
It requires millions of Dollars every month to keep the BTC network running,
thinking that outflow of money can continue to happen , when there are no transactions to help finance the miners, only proves the person believing that is a moron.

This sounds sooooo dot-com bubble !

[FlamingFingers]

Your comparison is invalid – you can't simply replace Bitcoin with Litecoin due to a simple rise in price. Always remember what experienced traders say, "An alternative coin can easily go from $10 to $20 rather than $100 to $200." The more the price rises, the harder it gets for it to rise again.

[JerryWinski]

Your comparison is invalid – you can't simply replace Bitcoin with Litecoin due to a simple rise in price. Always remember what experienced traders say, "An alternative coin can easily go from $10 to $20 rather than $100 to $200." The more the price rises, the harder it gets for it to rise again.

I was thinking the same thing. Now with Eth at 100 and Dash at 100 is there really anyway for them to get higher than that? LTC will probably hit 100 as well then just sit there. Who knows where this market is going. I hope that all coins go to 100 lol. Because I'm not holding Eth or Dash but I do have some LTC. Moooooon!

[johnwest]

Your comparison is invalid – you can't simply replace Bitcoin with Litecoin due to a simple rise in price. Always remember what experienced traders say, "An alternative coin can easily go from $10 to $20 rather than $100 to $200." The more the price rises, the harder it gets for it to rise again.

I was thinking the same thing. Now with Eth at 100 and Dash at 100 is there really anyway for them to get higher than that? LTC will probably hit 100 as well then just sit there. Who knows where this market is going. I hope that all coins go to 100 lol. Because I'm not holding Eth or Dash but I do have some LTC. Moooooon!

Most definitely, Going from 1200$ to 1500$ is allot difficult than raising from 5$ to 20$ or 25$. People should understand this, it will get difficult to increase as the price above the sky. I dont think LTC will ever reach the heights which BTC has touched.