Quote from: TheCloser on May 08, 2014, 11:13:14 AM

Quote from: devphp on May 08, 2014, 08:13:24 AM

El Dude has been singing this 'Charlie works for Coinbase' song for quite a while now. The thing is, this doesn't change anything. There are a lot of other places people can turn their fiat into cryptos, many more such places than a few months ago. That is exactly why I said that this thread is 6 months too late. Market is deciding right now, it has not decided anything yet. It is exactly these periods of seeming stagnation in price that are decisive, because big investors get into the market at these periods when the price is low and they decide what will be #2, and I don't see Litecoin staying at #2, as it brings nothing new that Bitcoin doesn't have.

Both Bitcoin and Litecoin are not designed to be every day internet currency, and being just the store of value - this is what Bitcoin does great, it doesn't need help from Litecoin for that.

Investors don't care about the tech side of coins. They care about longevity and stability especially if they are using their preferred crypto as a store of value. Case in point, would you put 1 million of your own cash into Asiacoin in hopes that it will explode in price? In terms of the best "store of value" litecoin will always be #2.

There can only be one store of value coin, and that is Bitcoin. Two coins for store of value is too much, there is simply not enough fiat liquidity looking for permanent storage in this market for two coins. Now that this is out of the way, the market also needs a coin for circulation, and it can't be Litecoin either, because it's too rare for that, just like Bitcoin. And here comes Dogecoin, to be the preferred currency to circulate and to be spent, while Bitcoin is hoarded. I don't see where Litecoin fits in here.