Post
Topic
Board Altcoin Discussion
Re: Is Litecoin really really cheap right now? Or is it dying?
by
Starscream
on 07/07/2014, 02:23:44 UTC
i don't know why the ltc ppl always refer to bitcoin. when the ASIC discussion started, everyone @ ltc just said: it helped bitcoin, it will help us. what they seem to forget is, that bitcoin had no "big brother". while scrypt ASICs are mainly used to dump the coins to get btc, this was not possible with btc ASICS, there was no "main coin", btc itself is the main coin. of course some ppl cashed out for money, but that resulted in new fresh cash flowing into btc. the history of btc was and is, completely different to the current alt coin landscape.
This is spot on.
For reasons unknown to me people keep thinking that BTCs history will repeat itself with LTC.
It won't.
People have been dumping whatever altcoin for BTC and not LTC. LTC was only used for profitability comparison and as a last resort for miners.