Post
Topic
Board Speculation (Altcoins)
Re: Litecoin will see 10$ and above 2016
by
TheCloser
on 02/01/2016, 22:05:40 UTC
Litecoin doesnt even have an ios wallet, its only meant for crypto nerds and traders. Its userbase for a coin with 100+M marketcap and excisting for years already is laughable. See here how poor it's doing in adoption https://bitcointalk.org/index.php?topic=1285762.0, its only interesting for trading it for btc and vice versa, not interesting for non traders at all.

Demand for litecoin has been going down in 2015, see how bitcoin is almost half the price from its all time high, if litecoin would be as interesting as in 2013 its price should be higher than its $3 now. This shows bitcoin going up doesnt guarantee litecoin to follow, cus bitcoin actually went up but litecoin didnt follow at all, u can see its price now its 0.008.

Your second argument holds true for every altcoin in existence. Remember when mastercoin was $160 a coin? That relationship went from 0.13 to 5 x 10^3.

So if both were to go hand in hand with price rises then what coin is goint to give you more bang for the buck? Still bitcoin i would imagine? im still pondering on picking up a few lite but i might be as well just putting that cash into bitcoin.

Bitcoin will always have the best potential for highest rate of return. Demand drives speculative price increases and the masses that sit on their coins limit the available supply. I think $432 a coin is a really high valuation given the amount of coin in existence. As I said, China demand in 2016 will ultimately drive the price of bitcoin. Though theoretically, the next halving should further limit the available supply thus driving up the price as long as the demand is there. Time will tell.