Litecoin vs Bitcoin Cash aka BCash - only one winner! PS: Bitcoin breaks $10,000!!

in bitcoin •  7 years ago  (edited)

Although not debated nearly as much as Bitcoin vs BCash, this article was really interesting to read. I personally am not super happy with BTC or BCash, for different reasons. You can watch countless Youtube videos and read articles on the pros and cons of each, but in a nutshell Bitcoin is super slow and expensive to transact, while Bcash, although faster and cheaper, is more "centralized" and doesn't have the brand name... among others.

Although Bitcoin was never intended to be used as digital gold/ a store of value, that's 100% what it has become, since the original purpose was to be for quick, every day transactions, including those on a small scale (think a cup of coffee). Since it's far too slow/expensive for this (and I don't see this changing anytime soon - in fact the Bitcoin core team wants to make it even more expensive to use!), it's seems to have solidified it's place as #1. Again, anything can happen, but I it's proven itself time and time again as the (overused but true!) honeybadger of investments.

Ok, so let's move beyond that. Let's assume Bitcoin slow but increasingly valuable digital gold...but if it's not ideal for transactions, what are the other best alternatives? Right now, the most popular and viable ones seem to be my personal favorite Litecoin, Bitcoin Cash, and Dash. Dash I honestly don't know very much about, but it's incredible rise must mean that they're doing something right! I heard they've purchased a super bowl commercial spot, and they do spend a ton of money on marketing. Not that it's necessarily a bad thing, but as far as investments go I'm hesitant to put my eggs in the Dash basket (or Dashket?! :) ) right now. So it comes down to Litecoin vs Bitcoin Cash.

While both have risen dramatically recently, Litecoin, for what it does, is still far undervalued, especially if you consider Dash's and BCash's current prices as anything close to "fair value/worth". Without further ado, here's the article comparing Litecoin to BCash, just published on Litecoin's reddit. Short but concise - definitely worth reading!

https://www.reddit.com/r/litecoin/comments/7g339p/litecoin_vs_bcash_no_comparision/

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