I've found myself playing with the idea that LTC may overtake BTC due to the simple fact that it's faster and cheaper to use.
Perhaps we're onto something.. Who knows?!
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I've found myself playing with the idea that LTC may overtake BTC due to the simple fact that it's faster and cheaper to use.
Perhaps we're onto something.. Who knows?!
Yeah I'm feel'in that way too. I always use LTC for ICO's where possible. I think it could easily go to 2 thousand in a year or two and start to dominate. It's really attractive to new entrants on coinbase when they're facing the raw cost of the other 3 big ones.
Like you said, It's fast as hell and dirt cheap to transact...I love litecoin and always try to store up a little more here and there, especially like when it dipped last month. I kept waiting thinking "it's going a bit lower". I think that was it...I shoulda bought more than a little last month.
Still, at todays prices a good buy if you can hodl for a little while.
I am already sending LTC to exchanges and then exchanging it for BTC to use in the exchanges for alt coins, so I could very easily see LTC taking over. Removes a step.
I've personally prefered LTC in the past, but never to hold for the long term considering it's beginnings and community were and are still very familiar to other meme coins such as Doge coin. With Bitcoin Cash now available however there's no reason anymore, for me personally at least, to put my money into chikun coin.
The problem LTC will have unless they up the blocksize eventually is that they run out of space and bump into the same road block as Bitcoin LS. If they then however transition in a similar fashion as Bitcoin LS (BTC) to second layers or perhaps copying also from the Bitcoin Cash (BCH) fork and scale on chain, then obviously it could become a massive alternative unless Lightning Network/the BTC Legacy&SegWit chain has worked out all its issues by then.
I'd be incredibly surprised. More likely that EOS or one of the more technologically superior coins overtakes it. LTC is only a minor improvement over BTC in terms of tech.