Post
Topic
Board Speculation (Altcoins)
Re: [LTC] Litecoin Speculation
by
tokeweed
on 02/05/2017, 06:03:49 UTC
You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die.  I know that's sad to hear by some of you but there's no going around it.  Bitcoin, as long as it lives, will always be the king.

Oh true.
You can't say the market of cryptos is really big and strong...
It's growing yeah but most people will never use crypto.
It means there is no real place for 2 equally competitive cryptos like there is room enough for dozens of fiat currencies Wink

That's not a good comparison.  Fiat currencies aren't 'competing' for market share like cryptocurrencies do.  Bitcoin, Litecoin and the rest is a new asset class.  You may think they're currencies but do they really behave or are treated like one?  I'd say they're treated more like commodities.



So BTC has to die for LTC to grow in price/use/popularity?

Why so?

If BTC never scales up, it can still be the most secure store of value network, so big transactions go there, and smaller transactions on LTC network, no?

Sure, but will people really trade back and forth when they can have one cryptocurrency to do the job of both?  We are dealing with technology here not really the 'currency' per se.