If Litecoin hit $1000 will Bitcoin survive?

[viboracecata]

I don't know, but til that time, we all will have been dead.

[odolvlobo]

The survival of Bitcoin and Litecoin has nothing to do with their exchange rates. Their survival completely depends on their utilities, and their utilities ultimately determine their exchange rates.

Too many people have views that are clouded by greed, and they are ignorant of the fact that Bitcoin and Litecoin are payment systems (which happen to have their own currencies). The more people that lose sight of this fact, the more likely it is that Bitcoin (and Litecoin) will fail.

[BitcoinWalker]

The survival of Bitcoin and Litecoin has nothing to do with their exchange rates. Their survival completely depends on their utilities, and their utilities ultimately determine their exchange rates.

Very well said

[Wekkel]

They are ignorant of the fact that Bitcoin and Litecoin are payment systems (which happen to have their own currencies). The more people that lose sight of this fact, the more likely it is that Bitcoin (and Litecoin) will fail.

I think utility and speculation are intertwined and both necessary for the coins' survival.

[DeathAndTaxes]

Anything is possible, please share your idea

There is no chance for ltc hitting $1000 within 12 months.

US dollar hyperinflation.  1 LTC = $1,000 but that only buys you a loaf of bread.

[BitcoinWalker]

They are ignorant of the fact that Bitcoin and Litecoin are payment systems (which happen to have their own currencies). The more people that lose sight of this fact, the more likely it is that Bitcoin (and Litecoin) will fail.

I think utility and speculation are intertwined and both necessary for the coins' survival.

Agreed, but viable speculation only happens with something that has long term potential and that's where utility comes in.

[Wekkel]

They are ignorant of the fact that Bitcoin and Litecoin are payment systems (which happen to have their own currencies). The more people that lose sight of this fact, the more likely it is that Bitcoin (and Litecoin) will fail.

I think utility and speculation are intertwined and both necessary for the coins' survival.

Agreed, but viable speculation only happens with something that has long term potential and that's where utility comes in.

Bitcoin and Litecoin have essentially the same utility. Its mainly a 'first mover' aspect for Bitcoin to be ahead. People like choice, also if it doesnt differ that much (look at cars). If LTC can get some basic application, it will thrive if Bitcoin wins big.

Higher risk, higher reward.

[petersiddle98]

If Litecoin hit $1000, means bitcoin have been replace by Litecoin due to something big had happened... So Bitcoin is dead...

[balanghai]

It would be fun but it would be hard to say that LTC will be more expensive than BTC because of it's market cap of 4x more in number. So. By then btc would be worth $4000 ea.

[Eternity]

Litecoins are dead

[frankenmint]

Litecoins are dead

at $2.56 right now as we speak, you're trippin.

[Wekkel]

Its still the chance of a lifetime.

[collingiusti]

LTC hitting $1000? hahahahahahahahahahahaha the economy would die.