Quote from: Melbustus on March 21, 2015, 08:20:18 PM

Quote from: Parzival on March 21, 2015, 07:58:35 PM

Quote from: 1Referee on March 21, 2015, 07:54:07 PM

Quote from: ddcorn on March 21, 2015, 07:37:58 PM

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).

Your analysis may be correct but bubbles are (more) about psychology than about the fundamentals. So when the next bubble comes the morons might still buy like crazy...