Quote from: noah tall on December 29, 2015, 09:51:11 PM

Quote from: BTCBinary on December 29, 2015, 09:43:15 PM

LTC still is the second biggest cryptocurrency network! So I bought some a while back ago and I'm pretty confident I'll be able to double my investment.

Why? "it's big, therefore it will get bigger" doesn't make sense. Can anyone give me a real reason why LTC would increase in value?

I think you misunderstand the relationship between currency and technology. From a technological standpoint, LTC offers nothing better than any other coin out there and some could say the development curve looks more like a natural log curve rather than a logarithmic one. From a trust standpoint, litecoin offers the second longest sustained network in existence. After all, what is money? Its premise is based on trust, the belief that it in itself is a store of value. That is all you need to have a successful currency.

With that being said, the rise in btc/ltc will depend heavily on what happens in China this year. With a slowing economy, China will likely devalue the Renminbi to make exporting a better value for foreign entities but this will also scare investors who may look to move their capital outside the country. Digitial currency is by far the best way to move liquid assets around the world in a timely manner. If BTC moves back to the $1,000-$1,200 range you can expect LTC to move to $10-$12.