Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.
I would never call the end of some alt too early, those little suckers are full of nasty surprises!
This is a fair point.
However, I do wonder whether the remainder of this year will see the alts better sieved for those that have some kind of value. If bitcoin is bubbling again then I guess a lot of money might come out of the alts for a 'sure thing' propped up by better public visibility.
Privacy seems to be a big deal. NXT's platform I think has got a bright future. What has Litecoin got to offer any more? Is there a reason that DRK shouldn't overtake it, for example?
Oh god, enough with this DRK crap for goodness sakes. Yes, there are dozens of reasons DRK will not overtake LTC.
LTC is a behemoth, with massive dispersement of coins and investors and hash power. LTC is ALSO a medium of exchange between other alts.
When DRK becomes the go to 2nd alt for exchange on BTC-E and Finex and Stamp, then maybe you can start this conversation. For now, though, DRK needs to be worried about MRO and Emunie, which have the potential to stomp a big ol hole its in DRKs head and send it down the road of every other pumped coin.
Perhaps DRK was a bad example. My general point was about why LTC is more attractive than the alternatives - which you answer above. Still, I'm not as optimistic about LTC as you are. Would new money go into LTC in sufficient quantities to allow it to keep up? In the short term, yes. Long run, not convinced.