Quote from: FreeJack2k2 on June 24, 2014, 12:08:20 AM

Quote from: CoinHoarder on June 23, 2014, 11:41:17 PM

Snip.

So, remove the Litecoin logo from your avatar and call it quits, man...because it sounds to me like you're now just trying to convince yourself that Litecoin is destined to fail and are coming up with baseless arguments to support that hypothesis. Unfortunately, the conditions that exist right now, with money flowing into Litecoin infrastructure in the millions (and soon hundreds of millions), are likely to lead to a lot of growth next year. I can assure you that Litecoin will not be slowed by your decision to bail out on it.

You are basically saying that what's good for the goose is NOT good for the gander and what has happened in Bitcoin, with smart investment money following infrastructure money, is not going to happen in Litecoin...for reasons you can't really articulate. But the fact remains that when significant money is put into Litecoin's backbone and the network is perceived as very secure, that is going to attract a lot of attention from many corners.

Litecoin has a far, far greater chance of success than any other digital currency in existence that isn't called Bitcoin, right now. As for saying that somehow the price relative to Bitcoin is an indicator of market enthusiasm for Litecoin...take another gander at Coinmarketcap and get back to me.

You can't change Avatars at the moment, otherwise I would have already. Go check in the meta forums. I am not trying to convince myself that Litecoin is destined to fail, I have already convinced myself that Litecoin will fail if it continues down the same path. I feel like my arguments are very well thought through and articulately conveyed. If you feel like they are baseless, well then I guess that is your opinion.

Opinions are like belly buttons, everyone has one. For example, "But the fact remains that when significant money is put into Litecoin's backbone and the network is perceived as very secure, that is going to attract a lot of attention from many corners." Is just an opinion, it doesn't change that fact when you start the sentence with "the fact of the matter remains."

Bitcoin and Litecoin are different crypto currencies with different dynamics. Just because something happened one way with Bitcoin doesn't mean that it will happen that way with Litecoin. Furthermore, the money that was flowing into Bitcoin was going to numerous fronts.. payments processing, exchanges, ATMs, mining hardware, etcetera. Whereas the money flowing into Litecoin is mostly sheep following the pack, ASIC manufacturers trying to make money off of ASIC buyers, and ASIC buyers mistakenly trying to make money off of buying unprofitable mining hardware.

"Litecoin has a far, far greater chance of success than any other digital currency in existence that isn't called Bitcoin, right now. As for saying that somehow the price relative to Bitcoin is an indicator of market enthusiasm for Litecoin...take another gander at Coinmarketcap and get back to me."

I see value in some other alternative coins, and I even think some of them have a large chance to overtake Litecoin as people slowly realize that Litecoin is just one big marketing campaign. If your investment strategy is to look at coinmarketcap and choose the coins with the biggest market cap, then I don't feel like that is a smart investment. According to you, this is how "smart money" operates. However, I think the "even smarter money" does extensive research on all coins that are available and the ones in development, and then comes to a proper decision as to what they will put their money in. After doing this myself I have come to the conclusion that "smart money" isn't actually so smart afterall.