Many of the arguments made on this thread about why LTC will die are the same arguments made a couple years ago about why BTC would die. The fact is, the whole cryptocurrency market is still very young, and there is a lot of potential to carry this market upward. Does anyone really think that in the years ahead the market will demand BTC and nothing else? Look at the history of money, there were always multiple tiers of value. Gold > silver > copper being the easiest to compare with. So, in the years ahead, as cryptocurrencies move more and more mainstream, the market will demand a tier of valued currencies to deal in. If BTC continues to move upward, as many of us believe, and becomes more mainstream, as many of us hope, it will appear to be too valuable for smaller transactions. Back in the day, people did not spend gold on small transactions, that's what silver and copper coins were for. In the future, I believe something similar will happen with crypto coins, where people will use BTC for their savings and large purchases, and smaller coins like LTC and who knows what else for everyday purchases.
Im glad you said that, I think you hit the nail on the head.
I seem to recall BTC having huge spikes then plummeting back to the ground - Just look at April, up to 260, then down to under 80 by July.... thats a more drastic drop that LTC has seen, yet wait for it! omg Bitcoin continues.
