Quote from: Grctest on April 27, 2016, 12:44:53 PM

I don't see any point in Litecoin anymore.. they had faster blocktimes/conf times & ASIC resistance over Bitcoin, now none of those are selling points over many of the new altcoins.

I hear this quite a bit and agree in part.

However that was the initial reason to have LTC. That is no longer the reason for it to exist.

It's

1. a secure alternative to btc
2. faster transactions - right now just compare a transaction with either. Unless you want to pay huge fees btc transactions can take hours.
3. very liquid - you can dump 20k usd on LTC and not move the market much at all.
4. has a lot of history and recognition now - say BTC the next coin that springs to mind is LTC
5. merge mined with doge and is becoming profitable to mine again now if you have the hardware.

There are things other alts can do arguably better but really are those things really essential right now? If ltc is to bring privacy that would be useful to some people.

Sometimes just have such early mover advantage and the history of a proven track record over years is enough to keep it ahead of the game.

There are more interesting alts. There are asic resistant alts. Both of those you can't argue with. However when exchanges suddenly take their BTC wallets offline or stop withdrawals you notice everyone rushes to LTC or Doge to extract their wealth. This shows clearly that people trust them to be lower risk than the others and these are the main BTC back up currencies.

I would like to see other alts over take LTC because I have more of the "smaller" alts in terms of MC but I think LTC will be seen as the main BTC alternative for quite a while. I would not consider swapping my LTC to BTC until 0.03 and then only in part.

Where BTC is accepted you have a good probability of LTC getting added if they ever add another coin.