Ninjastic
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Board Mining (Altcoins)
Re: Speculation Litecoin Prices Rises Higher Before Second Halving Reward
by
Pagri
on 09/06/2019, 19:20:58 UTC
Quote from: FloppyPurpleGherkin on June 09, 2019, 09:22:58 AM
Quote from: Metroid on June 09, 2019, 09:07:38 AM
Quote from: Beyerd17 on June 09, 2019, 08:27:04 AM
Quote from: Metroid on June 09, 2019, 07:37:41 AM
And it rose a lot. Litecoin real value price is 4 to 5x less x eth and at moment is almost 110% more than that, tech wise = $50 usd, it's overvalued. I would sell all right now hehe or exchange for eth.

Whatever real value something has is determined by the market, in other words supply and demand. It's clear you're a Ethereum fanboy and your post is basically pointless.

You are right, value is determined by the market and market value is determined by tech value and speculation. At this moment ltc is at the speculation stage, ltc has very low tech value to be at this value, so as the speculation diminishes, ltc will start going back to its tech value. I do believe in dapps and that is related to eth and the future, so that is not about fanboyism, is about believe in something and see tech value in it, reason why even eos has a market cap closer than ltc at moment even though eos has a billion coins. LTC is overvalued as it only represents a very low tech value.

To be fair, He's right. I've been on these boards since '13 (other user names) and have seen you basically pushing ETH harder and harder for a long time, You clearly have a very large bag.. Was you silly and bought in at $1.3k+?  Undecided
I was even more silly and sold 1000's of ETH for $2-$5 but it is what it is! No amount of shilling by yourself on these sub-forums will bring eth back over $1k, It'l either happen or it wont (I personally believe it'll hit $5k before 2025)

Litecoin is not about the 'tech' behind it, More about the trust and widespread acceptance/usage, LTC was born over 10 years ago! ETH is not even 4 years old yet, ETH has proven it is NOT immutable (see ETC)
LTC is accepted as payment in millions of places alongside BTC, ETH is not accepted anywhere near on the scale of LTC/BTC and isn't as trusted as them either.


Personally, I see no justification for thinking that ethereum could hit $5K before 2025, do you have any basis to affirm this? And I agree with the fact that there are not enough reasons to be overly optimistic about the future of ethereum. New cryptocurrencies continually emerge that offer better alternatives to what at the time made ethereum an obligatory choice for investors, but even so I do not think Litecoin is more popular than ethereum at the moment, I would bet that ethereum has more daily transactions than litecoin, and there are many more exchange markets for ethereum than for litecoin, whose main advantage is to be one of the fastest and cheapest altcoins when making transactions, but not much more.