Investors - LTC vs BTC - Mathematics

[El Dude]

Once Coinbase starts supporting Litecoin  all that will change.

More exchange also mean more place for people to dump their coins. Don't you see what happened to LTC after Huobi ?

yes whales dump coins that happened with Bitcoin too.

[TTM]

yes whales dump coins that happened with Bitcoin too.

no they dumped BTC due to a false bad news from China, not by the event Huobi adding LTC. Bitcoin price was intact on 19th but Litecoin was crashing hard.

[Mr. Gabu]

LTC is under 1/3 of it's ATH.

such fail
money retirement gone wow
so bad

[dubouis]

I didn't get what you're asking. Can you explain?

[boumalo]

yes whales dump coins that happened with Bitcoin too.

no they dumped BTC due to a false bad news from China, not by the event Huobi adding LTC. Bitcoin price was intact on 19th but Litecoin was crashing hard.

Some whales are following Bitcoin and will buy large amounts when it feels safer to invest in BTC
Huge amounts of fiat are waiting in exchanges and traders will wire everything they can to buy BTC if the price goes up aggressively and very good news arrive

LTC confirmation is faster but it is not like BTC confirmation is that low, it is usually confirmed in 2h; the payment arrives in the wallet in seconds

[TTM]

LTC confirmation is faster but it is not like BTC confirmation is that low, it is usually confirmed in 2h; the payment arrives in the wallet in seconds

There is no way LTC confirmation time is in seconds. it usually take 20 minutes for 6 confirm.

Faster confirmation is an advantage, but this advantage is not that great for average users. If you are buying stuff online, 1 hour of Bitcoin is not a problem because we will always need to wait few days for delivery. If you are buying offline at a local coffee shop with Litecoin, you still need to wait 15-20 min which is still inconvenient.

Generally, from user perspective, Litecoin is a little bit better. However it is not better enough to replace Bitcoin, BTC already have huge coverage. A crytocurrency need to have a revolutionary feature in order to take Bitcoin's crown.

[Mr. Gabu]

6 LTC confirmations are not as safe like 6 BTC confirmations.

For obv reasons.

[Peter R]

6 LTC confirmations are not as safe like 6 BTC confirmations.

For obv reasons.

You can take this even further: the effort required to reverse (double-spend) a bitcoin transaction after T minutes with probability of success P is greater than that for a litcoin transaction for the same values of T and P.  

This is obviously true for large T because of the bitcoin network's massive hash power.  But I wouldn't be surprised if it holds for all T (but I can't prove it).

[solomon]

Litecoin may be at a later adoption stage than Bitcoin depending on the length of its life cycle

[boumalo]

LTC confirmation is faster but it is not like BTC confirmation is that low, it is usually confirmed in 2h; the payment arrives in the wallet in seconds

There is no way LTC confirmation time is in seconds. it usually take 20 minutes for 6 confirm.

Faster confirmation is an advantage, but this advantage is not that great for average users. If you are buying stuff online, 1 hour of Bitcoin is not a problem because we will always need to wait few days for delivery. If you are buying offline at a local coffee shop with Litecoin, you still need to wait 15-20 min which is still inconvenient.

Generally, from user perspective, Litecoin is a little bit better. However it is not better enough to replace Bitcoin, BTC already have huge coverage. A crytocurrency need to have a revolutionary feature in order to take Bitcoin's crown.

I said that when you send btc it appears in the receiving wallet within seconds and it is safe to consider you got the money if it is from a trusted source (blockchain tells you if they think there is a double spending risk)

You can buy with an android wallet and send via bluetooth without having to wait for confirmation to take away the stuff you bought

[the joint]

6 LTC confirmations are not as safe like 6 BTC confirmations.

For obv reasons.

But 1 confirmation is infinitely better than 0 confirmations, and therein lies one of the key benefits of fast confirmations.