Post
Topic
Board Altcoin Discussion
Re: LTC good investment?
by
Melbustus
on 21/03/2015, 20:20:18 UTC
NO, bitcoin is slowly dropping back to $0, so is litecoin

And you created a brand new account just to say that?

Why don't you just use your normal account to say stuff like that?

@OP

It's your money but I would advice you to invest in Bitcoin.

With the current price you can firmly hold your Bitcoins without worrying for a few years. It's not that hard. You only need patience.

The last time the LTC  price went around 40. When the next bubble comes I guess we all expect the prices to go much higher. So if things go like last time the LTC price could be like 50 x (price now) or more...This means there could be more profits to make from LTC than from BTC because LTC is so cheap now.


The difference is that last time clone-coins were a novelty and most people, being morons, hadn't yet figured out that there's no lasting value to something that doesn't do anything fundamentally new/better *and* has no first-mover/network-effect advantage.

At this point, the ecosystem better understands that bitcoin is the value/money chain, with a likely insurmountable network effect. Coins like LTC which are just clones with parameter tweaks offer nothing over bitcoin, and now that the novelty has worn off, and alts that *do* offer legitimately interesting features exist, the market is (finally) beginning to price the clone-coins rationally. For a coin to even potentially have longevity, it must offer something that bitcoin does not. Money and technological-protocols both exhibit strong network effects. Bitcoin is both, so a coin needs to be *meaningfully* different in order to fill a niche (eg, inherent chain privacy, etc).