Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: BitsharesX is taking Litecoin and Bitcoin down
by
jae480
on 25/08/2014, 22:51:52 UTC
Quote from: TaunSew on August 25, 2014, 10:43:24 PM
Quote from: Tomatocage on August 25, 2014, 10:39:29 PM
Quote from: jae480 on August 25, 2014, 10:36:54 PM
why because it is the truth?

The reality is just that. What innovative features does Litecoin have that merit the number two spots?

"oh Litecoin is Silver to Bitcoin's gold"

All it has is a marketing gimmick in its favor. Out of the next 8 alt coins after Litecoin
on coinmarketcap virtually all of them have better features, technology, and active development than Litecoin.

Litecoin serves as a feasible additional layer of obfuscation with a market volume that can support such a role. It's a perfect compliment to Bitcoin.


Most sound minds would agree with your conclusion and it is why no alternate will "kill"" Litecoin.  There may be an alternate which could surpass LTC's capitalization but that is an entirely different thing.  LTC will always have value being a compliment to BTC.  A third compliment could be BitcoinDark but that's a marketing challenge (I have no association with BitcoinDark or any stake in it).




If you look at coinmarketcap you will see that BitsharesX has greater 24h volume than Litecoin and it is currently on the rise. Will there be a correction? Maybe, but when you compare BitsharesX to Litecoin it is like comparing a space shuttle to the horse and buggy.