After Bitcoin, LiteCoin & ETHEREUM made my shortlist for an investment option.
ETHEREUM - My Main concern is Supply is a little bit high & Price is already over $150 which is -1 point against LiteCoin.
LiteCoin - supply is less than 64M & price well under $70.
Which one you would choose for long term invest & Why?
What's the point of looking at supply alone when it comes to investing?
I could have an absolute crap-coin that has no intrinsic value and fulfills no purpose, which only has 2 of them in existence. Would you rather have that instead of something like XRP, which although has a large supply, and is centralised to a degree, has some sort of purpose to fill in the banking sector?
I think I make my case here. While I'm not saying that LTC is useless, it has less functionality than ETH. The things that LTC can do can be done with BTC. Trading LTC in the short term for its price swings wouldn't be a bad idea, or even using LTC as a means of payment given its low tx fees. But if I had to choose for the long run, I'd bet on ETH, since it has more upside.