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Author Topic: Will Bitcoin end up just like Litecoin?  (Read 4960 times)
giveBTCpls
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August 29, 2014, 05:15:59 PM
 #61

Litecoin was a fork from Bitcoin that offered nothing, I reckon most of the interest was thanks to the google guy being involved. If it was a random dev, no one woulda given a fuck about Litecoin in the first place. Coin is doomed I think.

thegold
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August 29, 2014, 06:15:19 PM
 #62

it's just a balancerrr.... in one side there is a man and the other side there is a womannnn...

no, correct comparison would be - one side there is a man and the other side there's a piece of gum stuck to his shoe.

thank you for correct comparison,.. Smiley
my grammar is not good...
XD
but i want to learn english to get BTCBTCBTCBTCBTC Cheesy
hahaha

Ayers
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August 29, 2014, 06:22:29 PM
 #63

no way, litecoin, was not even the second one, just a pure clone, with a good name i must admit, those two combinations let it go far

wasserman99
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August 29, 2014, 06:39:21 PM
 #64

Litecoin has become a pure commodity play.  A trading toy for daytraders to see how much profit they can extract from other other.  Its value is swinging so violently now that I can't see any merchant glancing in litecoin's direction and thinking 'hmm, I think I'll price goods in something that changes value by 20% almost daily'.

At least there are businesses that take bitcoin payments.  Litecoin only business are basically non existent.
There are some businesses that are starting to accept LTC, but they are very few. LTC is also much less secure then BTC is as it's network hashrate is much lower.

I do agree with you that LTC (like all other alts) are nothing more then a speculative play for traders as they add nothing of value that bitcoin does not provide.

itsAj
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August 30, 2014, 02:59:07 AM
 #65

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.

Wow you sound pretty butthurt. People like you were spewing the same BS back in 2011 when LTC launched, then 2012, and then 2013...

Now we are in 2014...no difference. lol Roll Eyes

Butthurt? No I’m not butthurt for evaluating litecoin when it first appears and simply putting more money into bitcoin. I was one of those people in 2011, then 2012, and then 2013... and now here in 2014. It has zero innovation, that can't be argued. Litecoin made some people good money, in some cases huge money, maybe it will make more people even more money. Good for them, they saw that opportunity from the marketing. Even I thought it was great marketing and could lead to a ‘me too’ coat tails chase. But the lack of innovation, the carbon copying of bitcoin, killed any interest on my part. The fundamentals were never there and still aren’t.

I have a keen interest in the innovative alts, but I don't like seeing garbage succeed.

Litecoin is, from a technical point of view, better than Bitcoin. Faster transaction confirmation for example. But how cryptocurrencies work is the one with the first mover advantage will always be most valuable, because that's just how cryptocurrencies work. When you mine any coin for that matter, it's always easier and more to mine early than it is late
Fast confirmation time is not necessarily a good thing. It means there is likely a much higher orphan rate and is much easier to mine enough blocks to make your chain longer then the longest chain accepted by the network. This essentially means that an unconfirmed TX with BTC is more secure then a 1 confirm TX with LTC. 
zimmah
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September 11, 2014, 01:08:25 PM
 #66

It is the digital/crypto-currency and therefore will prevail.


Imagine living at the end of the 19th century:
"Horses are the mode of transportation, and therefore will prevail. Just ignore those fancy automobiles! They can't challenge horses as a means of transportation!"



actually, automobiles where the new mode of transportation and horses the old.

you are defending the dollar (old) versus bitcoin (new)

which one do you think will win, the old, or the new?
Febo
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September 11, 2014, 03:41:25 PM
 #67

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

Litcoin was designated to lose worth fast. Bitcoin have much more future left before that happens.
KarmaShark
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September 11, 2014, 03:51:05 PM
 #68

Got in and back out of LTC in 2013 when there was some serious BTC to be made. LTC may stick around however I would not hold a large percentage of crypto in there right now.
leopard2
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September 11, 2014, 08:57:32 PM
 #69

There is room for one major player for each algorithm - so LTC and BTC should be fine.

Both can, of course, be replaced by something else but that is not very likely because there is major worldwide hashing hardware out there, for scrypt and sha256 but not for any of the other algos.

No1 threat to LTC was DOGE but now, DOGE is inflationary and LTC is not...

Truth is the new hatespeech.
gog1
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September 12, 2014, 09:47:39 PM
 #70

LTC died because of ASIC, there's nothing truly differentiates between LTC & BTC

BTC's got the first mover advantage.  Don't see it being replaced by altcoins or the current so-call 2nd gen crypto at the moment.
KJO
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September 12, 2014, 09:58:03 PM
 #71

I agree that LTC offers little innovation however they are an established brand deeply entrenched in the history of crypto and will destroy its alltime high when the bull regains traction.  

There is a reason why so many traders prefer LTC. The volume is still incredible on virtually every exchange and the least risk of any altcoin.

LTC will go past $100 next bubble easily despite the advent of asics.

Death of LTC not gonna happen.
FUR11
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September 12, 2014, 10:03:19 PM
 #72

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

No, Litecoin just hasn't anything vastly superior to offer. Bitcoin just has the most exposure and traction in the general public. Litecoin just suffered from everyone going back to the real cryptocurrency - Bitcoin!

Wekkel
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September 12, 2014, 10:18:33 PM
 #73

I agree that LTC offers little innovation however they are an established brand deeply entrenched in the history of crypto and will destroy its alltime high when the bull regains traction.  

There is a reason why so many traders prefer LTC. The volume is still incredible on virtually every exchange and the least risk of any altcoin.

LTC will go past $100 next bubble easily despite the advent of asics.

Death of LTC not gonna happen.


This (and $100 could be very conservative, depending on how far Bitcoin will go).

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