RE: Why Litecoin Should Explode

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Why Litecoin Should Explode

in litecoin •  8 years ago 

In my mind I like picturing Litecoin as the silver to Bitcoin's gold. The general sentiment seems to be that a lot of people are moving from BTC to LTC as August 1st approaches.

Curious, what do you think of Litecoin compared to other coins that also solve Bitcoin's problems like Dash and Monero? I think that either LTC or XMR are the most likely to rise should Aug 1st cause people to lose faith in Bitcoin.

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I too think LTC is undervalued, even though it was trading at $3-4 forever and not all that long ago. I also like Decred for its hybrid POW/POS/Voting and strong team. Real dark horse there.

I totally agree on it being the silver to Bitcoin's gold. I love Dash. It has quick transaction time and low costs. I don't follow Monero but I also love PIVX because it's a clone of Dash but just implemented zerocoin protocol so the transactions are totally private. We have to think about what we can buy coffee with in the future...it's probably Dash or PIVX I just believe that Litecoin and Bitcoin will be great for storing large amounts of money (like silver and gold)

Nice insight. Bitcoin was intended to be the be-all solution but the market wants it to be a store of value so it will be that. I also like Dash and PIVX. It'll be an interesting few years seeing how the different cryptos and their use cases evolve.