Will Bitcoin end up just like Litecoin?

[thms]

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

[bitcon]

actually ltc is performing better than btc at the moment.  if btc was keeping up with ltc it would be at $550 instead of $508. 

[Gargulan]

Unlikely to happen as people have invested hundred of millions into the whole ecology system.

Bitcoin has more than a dozen big exchanges all around the world and two payment processing companies to support the payment system.

The mining network alone has more than 4-5 big ASIC producers and horde of miners to support the network security.

California already legalize its usage. New York is making rules to regulate it.

None of the other coin share the same kind of support and has as large support base as bitcoin has.

[tarmi]

like I said, ltc is performing better because ltc market is very illiquid.

and yea, I think ltc is pretty much dead.

[ensurance982]

No, the infrastructure is much better and Bitcoin still has the biggest exposure. It is the digital/crypto-currency and therefore will prevail. I think it is highly unlikely that Bitcoin goes bust and another coin will "survive". If the crypto game goes well, Bitcoin will stay afloat, too!

[TheJohn]

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

I don't think it will, Bitcoin is like the main of crypto and litecoin is just one of the alt-coins..

[NamelessOne]

The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails.  Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

[ensurance982]

The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails.  Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

It was merely an experiment. It tackled two of the main things criticized when it comes to Bitcoin: PoW algorithm and confirmation time. As it become apparent, that those two things aren't that big a point of failure as though (and Scrypt ASICs are also emerging) it became less unique. And if we really should opt for another currency, we might go for another altcoins to begin with!

[Ayers]

actually ltc is performing better than btc at the moment.  if btc was keeping up with ltc it would be at $550 instead of $508. 

wow awesome calculation, from where you got those numbers? this mean that bitcoin is falling more than litecoin, it makes sense because litecoin is only falling(in a serious way) since the asic entrance, which is this year

[spazzdla]

BTC jumps from .1 to $30 to $2.. did it die?

That is all.

[Wandererfromthenorth]

The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails.  Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

Exactly, LTC is garbage.

[nuff]

Cryptocurrency is still very much at its infancy. In fact some may even see it still at its conception stage, with Bitcoin being the proof of concept that the idea of cryptocurrency can work. But if the concept of cryptocurrency can work and gets accepted, Bitcoin will still be the at the forefront for the very simple fact that all other altcoins are based on Bitcoin in terms of value. Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

[ThatDGuy]

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

I think the chances of Bitcoin dying exist, but grow smaller with each passing day of improving infrastructure and vested interest.

[drawingthesun]

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

[nuff]

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

[bitcon]

I believe both coins will survive and coexist. sure btc has more infrastructure and will always be the original, but if I had to bet on which coin will double in value first I put my money on LTC. I believe many investors / speculators are counting on the same. using LTC as a hedge against Bitcoin is a nice option to have and smart day traders take advantage of that.  now NMC and PPC aren't looking too good.

[drawingthesun]

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

I disagree, the Bitcoin core development team are careful, their product is responsible for billions of dollars in wealth. They are not going to implement features to compete with other coins in a timely manner.

To show an analogy, see Silicon valley and its startup culture. Quite often smaller, more nimble companies are able to fight and sometimes even ruin much larger, much better resourced companies.

[drawingthesun]

I believe both coins will survive and coexist. sure btc has more infrastructure and will always be the original, but if I had to bet on which coin will double in value first I put my money on LTC. I believe many investors / speculators are counting on the same. using LTC as a hedge against Bitcoin is a nice option to have and smart day traders take advantage of that.  now NMC and PPC aren't looking too good.

I actually see Litecoin dying, Bitcoin is a first mover and thus will not die and 2nd, 3rd place are up for grabs for anyone with real innovation.

[kerafym]

I believe both coins will survive and coexist. sure btc has more infrastructure and will always be the original, but if I had to bet on which coin will double in value first I put my money on LTC. I believe many investors / speculators are counting on the same. using LTC as a hedge against Bitcoin is a nice option to have and smart day traders take advantage of that.  now NMC and PPC aren't looking too good.

I actually see Litecoin dying, Bitcoin is a first mover and thus will not die and 2nd, 3rd place are up for grabs for anyone with real innovation.

Litecoin developers have make it clear that they will not make any changes to the code or add any features. There will always be strong believer no matter what price LTC is but shrinking market cap speaks louder than words.

[nuff]

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

I disagree, the Bitcoin core development team are careful, their product is responsible for billions of dollars in wealth. They are not going to implement features to compete with other coins in a timely manner.

To show an analogy, see Silicon valley and its startup culture. Quite often smaller, more nimble companies are able to fight and sometimes even ruin much larger, much better resourced companies.

Actually, come to think of it, developers aren't really relevant at all. What made Bitcoin the only one there is is because of its first mover advantage. That's just how deflationary products work, the earlier you are, the more valuable you become.