Why Litecoin will always be a top 2 Crypto

[FreeJack2k2]

People need to look at history.

Bitcoin's first ASIC hardware started shipping in January of 2013, when the price of Bitcoin was around $14 and virtually the only places you could spend it were the Silk Road and Wikileaks.

When the Winklevii (read: smart money) noticed the huge amount of money that was about to flow into dedicated hardware infrastructure for Bitcoin, they bought in big. They weren't alone. Tons of venture capital groups and investors started to take notice of it. Price boom. Increased media exposure. More price boom. Growth in adoption. All of this coming from the vote of confidence of ASIC manufacturers and miners. The block reward halving which lead to miner hoarding didn't hurt.

So here we are, and Litecoin is in almost exactly the same position Bitcoin was at to start 2013. Except that Litecoin doesn't have the negative press of the Silk Road/black market ties to overcome, it doesn't have to leap all the hurdles of policy and P.R. that Bitcoin did. In a lot of ways, Bitcoin has cleared a path for it. So the barriers that Bitcoin faced aren't all there, anymore. The only real hurdle Litecoin faces is getting itself off of Bitcoin's coattails.

If history repeats and the smart money follows the infrastructure money, we're going to see a lot of positive changes coming Litecoin's way over the next 12-18 months and beyond. I also don't think it's always going to be a year to a year and a half behind Bitcoin...at a certain point, when the public is educated enough about digital currency, the two can co-exist peacefully. But in this current climate of the "get rich quick" mentality, with people hoping for (or trying to create) bubbles in alt coins to profit from, Litecoin is a rock.

[thisisverypointless]

WOW, Learnt a lot about Litecoin from this thread!

Keeping updated helps to ensure people will see this thread!

Good work and keep it up!

[Bobsurplus]

I cant wait to see BTC over 10K and LTC over 1K each.
This is not pie in the sky hopes, it will happen. Mark my words.

[El Dude]

I cant wait to see BTC over 10K and LTC over 1K each.
This is not pie in the sky hopes, it will happen. Mark my words.

This can easily happen within the next 3 to 5 years.

[Bobsurplus]

I cant wait to see BTC over 10K and LTC over 1K each.
This is not pie in the sky hopes, it will happen. Mark my words.

This can easily happen within the next 3 to 5 years.

I'm thinking it will be along that time frame as well!

[TheMage]

I cant wait to see BTC over 10K and LTC over 1K each.
This is not pie in the sky hopes, it will happen. Mark my words.

This can easily happen within the next 3 to 5 years.

I'm thinking it will be along that time frame as well!

I would love to see this!

[El Dude]

such hashrate , very secure

[wheatrich]

I cant wait to see BTC over 10K and LTC over 1K each.
This is not pie in the sky hopes, it will happen. Mark my words.

This can easily happen within the next 3 to 5 years.

This is pigs flying in the sky hopes and I hope it happens.

[smoothie]

Litecoin 24 hour volume $ 1,306,188   
NXT  24 hour volume $ 60,987

which coin looks dead to you ?

Isn't NXT premined 1 billion?

[CryptoHits]

So there seems to be hoards of Litecoin threads, Either vehemently for it or against it claiming 'official' death. Most of these threads are self-moderating so as to reinforce the views of the original poster. Which is bullshit nonsense.

So here is an unmoderated thread (by myself at least, Forum mods still apply) where you can freely discuss. https://bitcointalk.org/index.php?topic=663590.0

My personal views on Litecoin are that it has very little reason to hold the #2 spot anymore.

The majority of the reasons it ascended to the #2 spot are no longer valid arguments.

Sure it was 'ASIC proof', We all know how that worked out.
Sure it wasnt BitCoin. But there is 100's of 'Not BitCoins' now.

It was innovative until 9000 other people did it and improved or experimented with the formula.

The one thing that is still a valid reason for it to retain #2 is seniority and perhaps derivative works

Another interesting way to look at coins would be to rate them by Algo, of all coins using a specific Algo, which is top for each. Now rate each algo by relevance or importance. And that is your new 'top coins'

[sile16]

yes, distributed among 70-80 people initially.  Which sounds bad, but it was available for trade immediately after and you could pick up large sums of it even if not in the original group.  Also, the end result distribution doesn't look much different than BTC.

[Saigonsmokes]

This thread is self moderated but no threads have been deleted - if I do delete posts, it will be only FUD 1 liner comments and you can see any deleted posts here:

https://bitcointa.lk/threads/why-litecoin-will-always-be-the-number-2-crypto.332288/

The other thread 'Litecoin is Dead' which you can see here (5 pages):

https://bitcointalk.org/index.php?topic=658541.0;topicseen

has been heavily edited - pages of posts deleted as you can see below (7 pages - 2 whole pages of posts deleted by Darkota):

https://bitcointa.lk/threads/litecoin-is-officially-dead.331214/page-5

I am all for discussions but when people edit self moderated threads to meet their agenda - then it should be clear for people to see!

[rugrats]

So there seems to be hoards of Litecoin threads, Either vehemently for it or against it claiming 'official' death. Most of these threads are self-moderating so as to reinforce the views of the original poster. Which is bullshit nonsense.

So here is an unmoderated thread (by myself at least, Forum mods still apply) where you can freely discuss. https://bitcointalk.org/index.php?topic=663590.0

My personal views on Litecoin are that it has very little reason to hold the #2 spot anymore.

The majority of the reasons it ascended to the #2 spot are no longer valid arguments.

Sure it was 'ASIC proof', We all know how that worked out.
Sure it wasnt BitCoin. But there is 100's of 'Not BitCoins' now.

It was innovative until 9000 other people did it and improved or experimented with the formula.

The one thing that is still a valid reason for it to retain #2 is seniority and perhaps derivative works

Another interesting way to look at coins would be to rate them by Algo, of all coins using a specific Algo, which is top for each. Now rate each algo by relevance or importance. And that is your new 'top coins'

I think so too. Litecoin has seniority, but can that alone guarantee its future relevancy?
Perhaps I am wrong, but there are a number of more innovative coins with more energetic user base. I see them closing the gap with Litecoin with each passing day.

[TheMage]

So there seems to be hoards of Litecoin threads, Either vehemently for it or against it claiming 'official' death. Most of these threads are self-moderating so as to reinforce the views of the original poster. Which is bullshit nonsense.

So here is an unmoderated thread (by myself at least, Forum mods still apply) where you can freely discuss. https://bitcointalk.org/index.php?topic=663590.0

My personal views on Litecoin are that it has very little reason to hold the #2 spot anymore.

The majority of the reasons it ascended to the #2 spot are no longer valid arguments.

Sure it was 'ASIC proof', We all know how that worked out.
Sure it wasnt BitCoin. But there is 100's of 'Not BitCoins' now.

It was innovative until 9000 other people did it and improved or experimented with the formula.

The one thing that is still a valid reason for it to retain #2 is seniority and perhaps derivative works

Another interesting way to look at coins would be to rate them by Algo, of all coins using a specific Algo, which is top for each. Now rate each algo by relevance or importance. And that is your new 'top coins'

Do you really feel the need to make yet another thread? lol

Seriously, this is not needed. Just post on the 20+ page thread or one of the other unmoderated threads.

[DrG]

So there seems to be hoards of Litecoin threads, Either vehemently for it or against it claiming 'official' death. Most of these threads are self-moderating so as to reinforce the views of the original poster. Which is bullshit nonsense.

So here is an unmoderated thread (by myself at least, Forum mods still apply) where you can freely discuss. https://bitcointalk.org/index.php?topic=663590.0

My personal views on Litecoin are that it has very little reason to hold the #2 spot anymore.

The majority of the reasons it ascended to the #2 spot are no longer valid arguments.

Sure it was 'ASIC proof', We all know how that worked out.
Sure it wasnt BitCoin. But there is 100's of 'Not BitCoins' now.

It was innovative until 9000 other people did it and improved or experimented with the formula.

The one thing that is still a valid reason for it to retain #2 is seniority and perhaps derivative works

Another interesting way to look at coins would be to rate them by Algo, of all coins using a specific Algo, which is top for each. Now rate each algo by relevance or importance. And that is your new 'top coins'

By the reasoning of point 1 everybody can just make a clone of some ASIC difficult algo and it is supposed to be better than LTC?

[gonzelespai]

Litecoin 24 hour volume $ 1,306,188   
NXT  24 hour volume $ 60,987

which coin looks dead to you ?

if it is a minter game，ltc is the winner
if it is not a minter game，ltc will be dead soon.

[doo]

I cant wait to see BTC over 10K and LTC over 1K each.
This is not pie in the sky hopes, it will happen. Mark my words.

This can easily happen within the next 3 to 5 years.

Its only a matter of time, not sure if within this timeframe

[FreeJack2k2]

Perhaps I am wrong, but there are a number of more innovative coins with more energetic user base. I see them closing the gap with Litecoin with each passing day.

Energetic user base? I can name no fewer than ten other altcoins I've looked into that had an "energetic user base" that fell flat on their faces within months of their launch. Litecoin has been around for three years...and is STILL #2 by a mile. The only coin to have breathed the rarified air of Litecoin was Auroracoin, which was probably the biggest pump & dump that crypto-currency has seen, yet.

Dogecoin's got perhaps the most vocal and active user groups in crypto. It was launched in December 2013 - it's only been around for six months and it's already bleeding out, in spite of all the social media and marketing. Dogecoin has collected virtually none of the new ASIC hashrate to itself and the price has been on a steady slide, with no signs of ever reversing course.

Meanwhile, look at Litecoin. Still, after all this time, the #2 market cap coin and attracting virtually ALL of the new ASIC hashrate to itself. Nobody should fool themselves, these Scrypt ASICs were made in support of Litecoin.

There isn't a coin out there that's closing the gap. Darkcoin has made price gains but that's because it is the PERFECT pump and dump story. It's got an extremely small float (easier to manipulate the market) and it has a story (anonymity)...but its primary feature is not desirable to most and will prevent widespread adoption. The market where one would think it'd be highly desired - the Silk Road - has not adopted it...because there's no need. So in light of this information, I think it's clear that it's just another in the constantly revolving door of pumps to hit #3 before they're dumped. But there will be Litecoin, still. It was there before, and it'll be there after.

[adud]

So there seems to be hoards of Litecoin threads, Either vehemently for it or against it claiming 'official' death. Most of these threads are self-moderating so as to reinforce the views of the original poster. Which is bullshit nonsense.

So here is an unmoderated thread (by myself at least, Forum mods still apply) where you can freely discuss. https://bitcointalk.org/index.php?topic=663590.0

My personal views on Litecoin are that it has very little reason to hold the #2 spot anymore.

The majority of the reasons it ascended to the #2 spot are no longer valid arguments.

Sure it was 'ASIC proof', We all know how that worked out.
Sure it wasnt BitCoin. But there is 100's of 'Not BitCoins' now.

It was innovative until 9000 other people did it and improved or experimented with the formula.

The one thing that is still a valid reason for it to retain #2 is seniority and perhaps derivative works

Another interesting way to look at coins would be to rate them by Algo, of all coins using a specific Algo, which is top for each. Now rate each algo by relevance or importance. And that is your new 'top coins'

I think so too. Litecoin has seniority, but can that alone guarantee its future relevancy?
Perhaps I am wrong, but there are a number of more innovative coins with more energetic user base. I see them closing the gap with Litecoin with each passing day.

One could argue that Bitcoin survives because of seniority, and seniority is the reason for Bitcoin acceptance, so why not?  Maybe Litecoin is boring because there is no Silk Road, there is no MtGox (that one was close), almost no lost and stolen coins.  Those are likely THE reasons Bitcoin ascended, and are no longer valid arguments, but they played the major parts of making it.  So, both Bitcoin and Litecoin are changing fundamentals, is that a bad thing?

All I see is that both BTC and LTC are growing up, older brother is still young, younger brother is even younger, and the other alts are babies.  BTC and LTC are innovations that are still not understood and/or used worldwide, and I'm still waiting for the next really useful mainstream innovative coin that survives longer than pump&dump (it will happen one day, of course, I'm not saying everything sucks).  And to have a good pump, energetic user base is created on newer coins when needed.

[TheMage]

So there seems to be hoards of Litecoin threads, Either vehemently for it or against it claiming 'official' death. Most of these threads are self-moderating so as to reinforce the views of the original poster. Which is bullshit nonsense.

So here is an unmoderated thread (by myself at least, Forum mods still apply) where you can freely discuss. https://bitcointalk.org/index.php?topic=663590.0

My personal views on Litecoin are that it has very little reason to hold the #2 spot anymore.

The majority of the reasons it ascended to the #2 spot are no longer valid arguments.

Sure it was 'ASIC proof', We all know how that worked out.
Sure it wasnt BitCoin. But there is 100's of 'Not BitCoins' now.

It was innovative until 9000 other people did it and improved or experimented with the formula.

The one thing that is still a valid reason for it to retain #2 is seniority and perhaps derivative works

Another interesting way to look at coins would be to rate them by Algo, of all coins using a specific Algo, which is top for each. Now rate each algo by relevance or importance. And that is your new 'top coins'

I think so too. Litecoin has seniority, but can that alone guarantee its future relevancy?
Perhaps I am wrong, but there are a number of more innovative coins with more energetic user base. I see them closing the gap with Litecoin with each passing day.

One could argue that Bitcoin survives because of seniority, and seniority is the reason for Bitcoin acceptance, so why not?  Maybe Litecoin is boring because there is no Silk Road, there is no MtGox (that one was close), almost no lost and stolen coins.  Those are likely THE reasons Bitcoin ascended, and are no longer valid arguments, but they played the major parts of making it.  So, both Bitcoin and Litecoin are changing fundamentals, is that a bad thing?

All I see is that both BTC and LTC are growing up, older brother is still young, younger brother is even younger, and the other alts are babies.  BTC and LTC are innovations that are still not understood and/or used worldwide, and I'm still waiting for the next really useful mainstream innovative coin that survives longer than pump&dump (it will happen one day, of course, I'm not saying everything sucks).  And to have a good pump, energetic user base is created on newer coins when needed.

/Slow clap


This is a great analogy. The big brother is young and the younger brother is younger.