Will LTC make it or BTC be the lone king?

[mika1977]

I too, keep asking the advantages of LTC over BTC and haven't gotten a good answer. It makes me wonder if the buyers are justs speculators who feel they missed the BTC boat and have a new chance to get rich quick.

When I ask the advantages of PPC over BTC, I actually get many answers.

The advantage i`ll think will see when asic`s gone to work with their fool power, i believe so.

[gogxmagog]

I too, keep asking the advantages of LTC over BTC and haven't gotten a good answer. It makes me wonder if the buyers are justs speculators who feel they missed the BTC boat and have a new chance to get rich quick.

When I ask the advantages of PPC over BTC, I actually get many answers.

The advantage i`ll think will see when asic`s gone to work with their fool power, i believe so.

this may create a second bubble for litecoin, and frankly I am holding my meager collection of LTC to see how the ASIC wave and possible inclusion in bigger exchanges pans out. However, unless LTC gets some more infrastructure it wont last. I know there are a few devs working, and a scant few businesses that accept it, but you could say the same for BTC 2 years ago. I do own a few LTC and it is few enough that if it falls flat idgaf but if it succeeds I can take my wife and daughter out for a nice dinner after I cash out. I wholly agree with the "not innovating, just imitating" argument, but I fully understand the power of greed and latecomers desire to get in on a possible second wave with a less expensive investment. The silver analogy fits pretty good. although over 80% of all silver is used industrially, and i'm pretty sure 99% of LTC is about speculation.

[hope2907]

the only thing i think we should delete this kind of topic. we have discussed this topic many times it only leads to flame between people who support and who are not

[amencon]

Ltc is overpriced , most people hope that will make fast profit if mtgox adopts it , but i dont see the demand for it.

I don't see how LTC is overpriced and BTC isn't. in both cases you are looking at their potential value. Anyone else think BTC is the better investment ATM? growth wise LTC could expand way more IMHO

Here is my problem with this logic.  Yes LTC could expand way more growth wise.  However that is because LTC hasn't grown much in comparison to BTC.  Small current growth doesn't inherently beget more and more growth in the future.  By that logic the coin with the least growth has the most room to grow and should be the best investment ever!  Right?  Well sometimes that is the case, but it's usually riskier and short lived.

Sure if something changes and LTC value skyrockets it will take much less increase in total valuation to, say, double the worth per your LTC than BTC.  The key phrase there is if something changes.  There doesn't seem to be a whole lot going on for Litecoin that makes me believe it will long term outpace growth and adoption of BTC.

I think LTC has some speculative value in that many people like to diversify their crypto currency holdings somewhat.  However in this case it's likely people will hold larger valuations in BTC and diversify some smaller portions in other coins.  I believe this is also why Litecoin value dips along with BTC, it's not invested in so much as a separate economy or due to it's utility.

I also believe when/if the time comes for the public to start using crypto currencies, the hurdle to BTC will be large and difficult enough.  If you pile on making people track and choose what coin is accepted where it will be just that much more confusing.  People will gravitate to what is easiest and most developed for normal use.

In short I do think there are speculative opportunities to make money with LTC.  I also don't think it's a bad thing to have Litecoin around in general.  I just see no evidence that LTC will outpace, catch up to and surpass BTC in popularity and adoption.  Who knows though maybe it will surprise me.

[flound1129]

Ltc is overpriced , most people hope that will make fast profit if mtgox adopts it , but i dont see the demand for it.

I don't see how LTC is overpriced and BTC isn't. in both cases you are looking at their potential value. Anyone else think BTC is the better investment ATM? growth wise LTC could expand way more IMHO

From any outsider/newbie's point of view, BTC, LTC, and all the scamcoins are basically equivalent.

BTC has a small (~2 year) head start on vendor acceptance.  That's all.

[nwbitcoin]

LTC advantages are the quicker transaction speeds, the larger number in circulation and its scrypt mining process.

The other major advantage is that is hasn't become a byword for everything that is bad about crypto currency!

That is one of the advantages of being 2nd in the market, you learn from your competitor what not to do!