Litecoin is considered to be Bitcoin silver, which was created to make up for the shortcomings of Bitcoin. With the development of BTC, Charlie Lee saw the shortcomings of Bitcoin. He found that it couldn't be a payment coin for everyday people, and it was becoming more like a valuable store, just like digital gold. Although the Bitcoin network's increasingly successful Bitcoin network is an excellent carrier for high-value transfer, it adds cost and mining difficulty enough to make ordinary people unable to accept BTC transfers. So Litecoin was born.
It is worth noting that in addition to these technical differences, one can say that Charlie is the real genius. Charlie decided not to compete with Bitcoin and sell himself as a substitute(litecoin ltc), but to become its companion. This is where the Silver to Gold metaphor was born and has proven to be one of the greatest decisions, and many people can only achieve the glory behind this decision after seven years.
There are many comparisons between LTC and BTC, because there are silver and gold raw materials, but when it comes to the original mathematics that calculates their values, this is where the comparison ends. Compared to Bitcoin, this analogy is faster and more affordable for Litecoin, but when you apply it to cryptocurrencies, the current pricing ratio of Silver to Gold makes no sense.
It is close enough to indicate that many uninformed cryptocurrencies use an analogy to determine the price. Newcomers to cryptocurrencies don't understand the basics behind supply. They don't know how to analyze real-world utility and how to assess scarcity. Let me tell you some data.
The first is supply: let us start with the most basic differences and the number of coins that will be created. (In encryption, we call it mining, in other words, casting). The real supply of cryptocurrency that people can get is limited, which means that at some point, a central government like the Federal Reserve cannot simply decide to create more coins and lower the value of the currency you hold.
Another basic quality that a good cryptocurrency should have is that no one will make it pre-exist or hide a large chunk of it, and if their coin can truly achieve critical mass adoption, then give it to God. . Everyone knows that Litecoin has no presets, just like bitcoin, it has a fixed supply. I challenge anyone to come up with a coin that is more trustworthy in the community than Litecoin. The room remained silent. You can also do this - it's not a magic trick - no other coins can keep a candle for Litecoin to get its record. We believe in its spirit. It is made by the people for the people and follows the parabolic network effect of Bitcoin. Otherwise, it is actually one of the most boring coins on the market, Bitcoin relies heavily on it, and we are very grateful to the rise of King for Litecoin. This is a partnership. Without the help of Litecoin, you can't say that Bitcoin will have today's achievement.
Bitcoin will only create 21 million coins. Among them, 16,731,775 people are currently in circulation. About 79% are now circulating.
Litecoin mining will only create 84 million coins. Among them, there are currently 54,232,633 people in circulation. About 64% is now circulating.
What's the difference? LTC's LTC is expected to be four times the number of LTCs, but the current circulating LTC is only 3.2 times. Everything is equal. If you use this indicator alone, the value of 1 BTC should be 3.2 to 4 times that of 1 LTC, which makes btc price now from .25 to .31 BTC. Of course, things are not that simple. We need to pay more attention to utility and actual use to understand why the price of BTC is reasonable (or not) 100 times the price of LTC.
The era of speculation is about to die. The era of realizing utilities.
Speculation has always been a powerful force driving the rise in cryptocurrency prices. But 2018 will be the year of public utilities at the helm. We expect online stores to accept parabolic growth of cryptocurrencies, with Litecoin being the preferred primary coin. Merchants will choose Litecoin because they want to track records. This is what makes LTC so attractive, because it is the oldest altcoin and it only continues to grow and shows again and again its anti-fragility in maintaining statutory prices. Suitable for businesses that are concerned about selling and losing % value when switching.
This will be a year we see LTC, coffee, clothes and car wages and rents purchased with LTC. By the end of 2018, we expect it to be headline news of the overall performance of the overall economy like BTC.
Let us lag behind Litecoin. Because the little brother who helped the older brother became a beast today. Because cooperation is not cooperation. Because of loyalty Because of the strongest hodlers in the game. Because this is the coin of the people. Because the actual value is underestimated as I have shown above. Because the Year of the Rooster. Because it is time to buy and exchange at a brisk rate. Because Charlie. Because there is nothing to stop an idea who's time is coming. because of you.