Litecoin v. Bitcoin

[WhatTheGox]

LTC is totally failed, and it have no chance to survive.
Anything LTC can do, BTC can do very well too, So we don't need LTC.

History is repeating itself we heard these comments right beforewe went for 2 bucks to 50. Smart whale money will be eyeing up litecoin again for a pump just like before.  It will be on coinbase and used just like btc you watch what they do.

[Amph]

LTC is totally failed, and it have no chance to survive.
Anything LTC can do, BTC can do very well too, So we don't need LTC.

History is repeating itself we heard these comments right beforewe went for 2 bucks to 50. Smart whale money will be eyeing up litecoin again for a pump just like before.  It will be on coinbase and used just like btc you watch what they do.

well this not mean that it is better than bitcoin, it just mean that it iwill be used more for a pump&dump, if whales see that a market is too stagnant(like bitcoin now) then they will move to the next one or they create one, here why you see all those alternative coin...

[gentlemand]

It will be on coinbase and used just like btc you watch what they do.

That's been discounted by the Coinbase heads. It's also been discounted by the creator of Litecoin himself. Sounds like a pretty firm no to me.

[SureLockLoans]

LTC is dead I think Bitcoin might of just edged this battle 

[1Referee]

LTC is totally failed, and it have no chance to survive.
Anything LTC can do, BTC can do very well too, So we don't need LTC.

Litecoin didn't fail, it is and will always be an altcoin used for speculative purposes. That's the only thing it is good for.

I agree with how you think about Bitcoin. There is absolutely no need for altcoins.

[tokeweed]

If this scenario really does happen http://trilema.com/2015/if-you-go-on-a-bitcoin-fork-irrespective-which-scammer-proposes-it-you-will-lose-your-bitcoins/

Safe haven will be Litecoin.

[gentlemand]

If this scenario really does happen http://trilema.com/2015/if-you-go-on-a-bitcoin-fork-irrespective-which-scammer-proposes-it-you-will-lose-your-bitcoins/

Safe haven will be Litecoin.

I think that twitching psycho is just the teensy weensiest bit biased.

[tokeweed]

If this scenario really does happen http://trilema.com/2015/if-you-go-on-a-bitcoin-fork-irrespective-which-scammer-proposes-it-you-will-lose-your-bitcoins/

Safe haven will be Litecoin.

I think that twitching psycho is just the teensy weensiest bit biased.

Yeah...  But just 'what if?'  Litecoin...

[gentlemand]

Yeah...  But just 'what if?'  Litecoin...

I guess it's the next most viable option. You then have the problem of convincing Litecoin sellers to allow you to move into their currency by getting them to accept your worthless BTC. If that isn't happening then billions in crypto wealth is gone alongside all the players so far.

[tokeweed]

Yeah...  But just 'what if?'  Litecoin...

I guess it's the next most viable option. You then have the problem of convincing Litecoin sellers to allow you to move into their currency by getting them to accept your worthless BTC.

It would surely go up if that's the case.

[fox19891989]

The gold/silver analogy is silly. Back when these metals were still used as currency, the advantage of silver was that it filled a role that gold couldn't: namely payment of small quantities, where gold could not be divided into small enough coins. With cryptocurrencies this aspect has become irrelevant, because the smallest amount of Bitcoin you can send is still much smaller than the smallest purchase or tip one would make. There is no need for a cryptocurrency to fill the role of silver.

As for Litecoin following Bitcoin in price, take a look at this all-time BTC/LTC price-chart from BTC-e:
http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime

The trend you see is that Litecoin (and other altcoins, by the way) spike up a short time after BTC/USD has a large rally as traders are satisfied with their profits in BTC and want to diversify a bit. As the BTC-rally turns into a downtrend, LTC drops even more strongly in a gradual fashion. The largest peak in the chart not related to a BTC-rally is in july 2014, when MtGox hinted at Litecoin implementation. We all know how that went.

But the main message is that in periods where very little is going on, LTC gradually loses ground to BTC. This is extremely obvious in the chart and hints at LTC being used primarily as a vehicle for speculation in volatile periods and being primarily dumped by miners during quiet periods.

[kelsey]

I agree with how you think about Bitcoin. There is absolutely no need for altcoins.

the funny thing about bitcoin fanboi's they'll accept bitcoin going as it has almost totally centralised, then tell you if you don't like the direction the bitcoin core has taken then you can go your own blockchain....so fair enough......but the same crowd when you do...well 

whats this obsession with making bitcoin a monopoly 

[DooMAD]

I agree with how you think about Bitcoin. There is absolutely no need for altcoins.

Perhaps what you meant to say is that YOU have no need for altcoins.  Developers looking to test new ideas can't just throw some random experimental code into Bitcoin, so where else do you propose it should go?  If some of these new ideas and innovations turn out to be both useful and stable, they could one day be features that find their way into Bitcoin and make it better.  If there was genuinely no need for altcoins, they wouldn't exist.  Not everything is black and white, someone out there can find a legitimate use for just about anything.  Granted, some of them are just shameless pump'n'dump shitcoins, but it doesn't mean you should dismiss all altcoins on that basis.
 

[Chef Ramsay]

LTC will mirror BTC on the next leg up in a larger way, so now is the time to doubt. I'm saying that newer entries go for ltc when btc goes too high and they always have. Ignore at your own peril.

[TheMage]

The gold/silver analogy is silly. Back when these metals were still used as currency, the advantage of silver was that it filled a role that gold couldn't: namely payment of small quantities, where gold could not be divided into small enough coins. With cryptocurrencies this aspect has become irrelevant, because the smallest amount of Bitcoin you can send is still much smaller than the smallest purchase or tip one would make. There is no need for a cryptocurrency to fill the role of silver.

As for Litecoin following Bitcoin in price, take a look at this all-time BTC/LTC price-chart from BTC-e:
http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime

The trend you see is that Litecoin (and other altcoins, by the way) spike up a short time after BTC/USD has a large rally as traders are satisfied with their profits in BTC and want to diversify a bit. As the BTC-rally turns into a downtrend, LTC drops even more strongly in a gradual fashion. The largest peak in the chart not related to a BTC-rally is in july 2014, when MtGox hinted at Litecoin implementation. We all know how that went.

But the main message is that in periods where very little is going on, LTC gradually loses ground to BTC. This is extremely obvious in the chart and hints at LTC being used primarily as a vehicle for speculation in volatile periods and being primarily dumped by miners during quiet periods.

I've got news for you and everyone else in this thread, BTC is just as speculative as LTC and every other crypto currency. To say otherwise displays serious ignorance.





There is some serious sticks that need to be removed from the asses of people in this thread. When I can find the time I will go through and write up a substantial response to every "detractor" here.


As far as the OP is concerned, if you aren't a troll the answer is most likely BTC in terms of merchant adoption and third party applications built on top of the blockchain. However with that said Litecoin does have some other advantages, even if they by todays standards seem to be considered small. Bitcoin and Litecoin work together fairly well in the ecosystem, and are natural trading partners. The price of Litecoin is dictated by the price of Bitcoin, and every move in BTC is mirrored in LTC. The LTC core devs work with the BTC core devs, changes in the wallets are adopted and its for the betterment of the ecosystem. One of the larger advantages of LTC is having a backup blockchain (God forbid something happens to BTC) and secondly allows easier adoption by allowing folks to get involved in cryptos without spending a fortune (in comes the "but BTC is divisible by 8 units", guess what, no realistic non crypto person will want to buy a cup of coffee with .0002 BTC or even wants to think about it. The divisible argument is completely silly to real world sociological aspects and human behavior).


As for the rest of you this isn't a measure of e-peen. Stop pretending you are arguing your favorite politician or football team and realize that for those of us who really want to see mainstream adoption and work towards it this display of ripping on other coins for the sake of ripping on them does absolutely nothing. We are in this together, and those who are substantially continue to rip on other coins for the sake of doing so I seriously question their ethics and integrity. There are larger forces at work such as individual states coming out with their own versions of licensing for cryptos such as New York and Connecticut that need attention. Put your energy into soliciting legislators as opposed to this cannibalism that we see day in and day out with cryptos.

[kelsey]

LTC will mirror BTC on the next leg up in a larger way, so now is the time to doubt. I'm saying that newer entries go for ltc when btc goes too high and they always have. Ignore at your own peril.

yes even with bitcoin people give fractions of bitcoins geeky names, still if btc gets back to new highs many users won't want to spend hundreds of dollars just for a fraction of a coin.

so yeah alot of users would rather spend that on a few whole litecoin and still have a valid respected crytpo. whether you personally agree or not thats the reality of it.

[manfred]

On busy days Litecoins trade at much higher percentages

25 Jan. was Litecoins highest spike a buy
15 Jan was Bitcoin highest spike a sell

[thejaytiesto]

LTC will mirror BTC on the next leg up in a larger way, so now is the time to doubt. I'm saying that newer entries go for ltc when btc goes too high and they always have. Ignore at your own peril.

yes even with bitcoin people give fractions of bitcoins geeky names, still if btc gets back to new highs many users won't want to spend hundreds of dollars just for a fraction of a coin.

so yeah alot of users would rather spend that on a few whole litecoin and still have a valid respected crytpo. whether you personally agree or not thats the reality of it.

It's very tempting to buy LTC now in case a huge pump happens, but I doubt it would deliver higher returns than just holding BTC. I dont know, I just doubt very much LTC will ever reach 30 dollars or so, thing seems pretty dead now compared to BTC.

[inBitweTrust]

It's very tempting to buy LTC now in case a huge pump happens, but I doubt it would deliver higher returns than just holding BTC. I dont know, I just doubt very much LTC will ever reach 30 dollars or so, thing seems pretty dead now compared to BTC.

LTC will mirror BTC on the next leg up in a larger way, so now is the time to doubt. I'm saying that newer entries go for ltc when btc goes too high and they always have. Ignore at your own peril.

Yes, it certainly is a gamble. There is a bit of truth to the fact that LTC may go up a bit during the next bitcoin bubble as investors like to hedge their bets and more people will be attracted to crypto-currencies in general. The problem with this bet is there is a lot of competition out there and the same holds true for other alts and thus an investor should consider that litecoin may not have the greatest return amongst the group.

This is an assessment I made elsewhere:

From my perspective -
Litecoin development - stagnant and slowing
Litecoin price- dramatically capitulated even compared to btc ~80% capitulation off ATH
Litecoins transaction volume - steady
Litecoin POW security - strong yet stagnant growth over last 4 months
litecoin merchant adoption - stagnant  to extremely slow growth  (and decreasing in momentum)
litecoin user adoption - stagnant to extremely slow growth (and decreasing in momentum)
litecoin investment from VC- ?? any?

I would say that litecoin is strong but is indeed slowly becoming less relevant(some would describe this as dying).

Disagree with any of the above?

[Chris_Sabian]

LTC will mirror BTC on the next leg up in a larger way, so now is the time to doubt. I'm saying that newer entries go for ltc when btc goes too high and they always have. Ignore at your own peril.

yes even with bitcoin people give fractions of bitcoins geeky names, still if btc gets back to new highs many users won't want to spend hundreds of dollars just for a fraction of a coin.

so yeah alot of users would rather spend that on a few whole litecoin and still have a valid respected crytpo. whether you personally agree or not thats the reality of it.

It's very tempting to buy LTC now in case a huge pump happens, but I doubt it would deliver higher returns than just holding BTC. I dont know, I just doubt very much LTC will ever reach 30 dollars or so, thing seems pretty dead now compared to BTC.

Sad but true.