Litecoin v. Bitcoin

[Day2Day]

From all the altcoins I think Litecoin is the best. Market capitalization of Litecoin is $154 million, which is the second to Bitcoin's $6.34 billion among all cryptocurrencies. I think in the far future there will be at least several cryptocurrencies active and Litecoin will definitely be among them. But for now I'd stick to Bitcoin because it has much more support.

[Wapinter]

liteccoin is second investment after bitcoin for me

Why do we need a second investment when first one (bitcoin) is sufficient for this purpose?

[morantis]

In the event that the USD is replaced to any degree by crypto I would prefer Litecoin, just for the fact that the rates on much closer to the common dollar and will make the transition easier.  Imagine trying to teach people about Satoshi and Bits and get them to accept buying a gallon of milk for 300 Bits.

[ivan19]

well I have more LTC than BTC so I'm liking LTC a little bit better than BTC right now lol. Hopefully it will skyrocketed like it did back in the day!

[Surge_PR]

LTC is better in terms of functionality but bitcoin has the legacy status doubt to be surpassed by a clone.

[balanced190]

Mining LTC is good than BTC but I prefer BTC because it's accepted everywhere.

[frendsento]

well in my experience I came to know first about bitcoins and eventually I learn more about altcoins , if you will compare the two cryptocurrency it almost the same they just change on value and mining difficulties , Many of exchanger and merchants accepts bitcoins rather than Litecoin so I guess I would choose bitcoins rather than Litecoin.

[artifical100]

I can constate that LTC mining is easiest than BTC. I'll go for LTC.

[caliboy37]

I can constate that LTC mining is easiest than BTC. I'll go for LTC.

Dude, it's the same. BTC have just a lot of customer, that's the difference.

[Ace of Wands]

Litecoin abuses its faithful until they lose too many of their bitcoins and end up hating it. I cannot stress this enough. It is NOT an investment. It's a scheme to hope for a pump and dump to win bitcoins, that's it. And before the next pump ever happens, you WILL lose in what I call the long take, or the long dump. You do not know how low Litecoin will go, unless you are an insider pump and dump and dump and dump schemer. They finally made me hate them and dump my Litecoins after being a believer.

Are they going to run another pump and dump (and dump and dump)? Or just dump forever? I don't know. You don't know. THEY know, and they will win either way. I say, they win even if they just dump forever after this.

Another pump, when there is so much pressure to dump that coin if it ever goes up again? Maybe. But I wouldn't put very many bitcoins into the prospect. It's THEIR scheme, not yours. They WILL win either way. And somebody has to lose. If you are not the scheming insider, guess which you will be. My recommendation, for a million reasons, STAY AWAY from Litecoin forever. Or risk a tiny amount of your bitcoins if you want to test your "trading" smarts.

The only way Litecoin can ever be an "investment" worth your hard earned bitcoins is if it will go up from here for sure, and never lower. Erase your "hope" for what it will do and ask yourself, what would you do if you were running the scheme? Sooner or later that shit will go down way below where it is now. You can never let the masses guess the bottom in a trading scheme.

The hell of it is, now that they've dumped guys like me who used to be the faithful, they can indeed do their next pump if they want to. But they don't have to! Fair warning. They still win if Litecoin goes down forever. They can sell the worthless things by the millions until the hopers catch on they've been conned by the oldest con in the books.

"Give us all your bitcoins, you'll win like 10 times them back!"

That my friends, is con 101. Yeah, maybe... but they win even if the next big pump NEVER happens.

For litecoins to be an investment, they MUST retain a minimum value in bitcoins.

To be honest, if I were a Litecoin "insider" I would want that to happen. Litecoin retains real value forever, and really is the silver to Bitcoin's gold.

But these guys are way smarter and meaner than me. Good luck if you buy in. I highly recommend you think carefully about how much of your bitcoins you're willing to give them.

[manote]

BTC is a trust currency it's accepted everywhere.

[lolgato]

Litecoin is just there for me to look at my numbers rise xd

[sirohige]

in fact litecoin has several advantages over bitcoin
but the price of litecoin and litecoin community, not as expensive as the price of bitcoin and and not as strong as bitcoin community

[Duomo]

I will actually pick up some Litecoin in the near future. I know some people are very much against it and it's wide standard usage but I have nothing against it.

[ashly]

Bitcoin of course cause bitcoin is more value than litecoin

[abokhalel2]

Any alt coins other than bitcoin is just a distractor. I see no future in them.

[Amph]

in fact litecoin has several advantages over bitcoin
but the price of litecoin and litecoin community, not as expensive as the price of bitcoin and and not as strong as bitcoin community

well the first point is true because the value of a litecoin is much smaller, and we know that it is easy to increase from a small amount to a higher amount than from a higher amount to an even more higher amount

the second one is not really an advantage, beacuse it will only slow down asic production, since scrypt miners cost more to produce, for the tons of memory needed

the third one is about confirmations mostly, but there are off chain system for bitcoin which help solve this problem, and anyway it's only a problem for phisical shop, also it lead to more orphan ot have a faster confirmations

[Friladon]

I think Bitcoin is better, because I haven't heard a bout litecoin this month. But for future money Bitcoin is the best.

[Xialla]

Any alt coins other than bitcoin is just a distractor. I see no future in them.

altcoins works fine for speculation and because people like to gamble, pump $ dump or speculate, some of them like litecoin will remain around.

[Mickeyb]

in fact litecoin has several advantages over bitcoin
but the price of litecoin and litecoin community, not as expensive as the price of bitcoin and and not as strong as bitcoin community

the third one is about confirmations mostly, but there are off chain system for bitcoin which help solve this problem, and anyway it's only a problem for phisical shop, also it lead to more orphan ot have a faster confirmations

There are also bad sides of this faster confirmation times. Litecoin's blockchain will get considerably bigger than Bitcoin's which can make a big problem. Also this would mean more orphaned blocks for Litecoin, these faster confirmation times.

Moreover, the confirmation times are 4 times faster but this doesn't make huge difference in my opinion when you are standing in line to pay a coffee, 2.5 minutes of waiting time is as bad as 10 minutes.