As of right now the coin that’s going obsolete is bitcoin because it’s simply too hard to change, and this is a positive trait in itself but not if you are aiming for real everyday usage, which is where LTC with segwit and LN kicks in.
Litecoin with or without whatever implementations – it will not change anything in how people use it. It’s nothing more than a coin that gets boosted from time to time by whatever entity with certain intentions, that obviously going to play out in their advantage. bitcoin needs to scale, that’s something we all can see (aside from noobs just ignoring everything and play happy user). But the main problem is that pools are playing hard to get, and thus knowingly hold bitcoin back from growing further. In that regard, it may take a serious amount of time before we are going to see any sort of upgrade in blocksize. Direct result of that is that people will *temporarily* look for cheaper and faster (in terms of confirmations) alternatives.
Cryptos are useful in making certain payments like paying for a VPN. If nothing changes, we’ll see $1 fees in BTC. Who is going to pay things like those type of subscriptions with BTC when you got LTC? get real. BTC will stay a hodlers coin as long as the necessary changes don’t happen.
Litecoin is just one of the plenty of coins that people can choose from. If you ask the majority of the crypto nerds/enthusiasts what they will prefer when it comes to using certain altcoins as payment option, then it’s either XMR, DASH or ETH.
What is the closest thing we have to a scalable BTC? LTC. Becuase they are the same, so you can easily port code, so BTC development isn’t wasted in testnet and can be ported in a real ecosystem.
It doesn’t really matter in this case since there are other coins that can function perfectly fine in terms of being a payment option, that also happens to be a cheap (compared to bitcoin) option to use. As I said, Litecoin is just one of the plenty of coins that people can choose from. If it is up to the majority of the people, they will give the preference to one of the three afore mentioned coins, so no matter what changes Litecoin goes through, it’s up to the end user to decide whether or not he will use it.
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As of right now the coin that’s going obsolete is bitcoin because it’s simply too hard to change, and this is a positive trait in itself but not if you are aiming for real everyday usage, which is where LTC with segwit and LN kicks in.
Litecoin with or without whatever implementations – it will not change anything in how people use it. It’s nothing more than a coin that gets boosted from time to time by whatever entity with certain intentions, that obviously going to play out in their advantage. bitcoin needs to scale, that’s something we all can see (aside from noobs just ignoring everything and play happy user). But the main problem is that pools are playing hard to get, and thus knowingly hold bitcoin back from growing further. In that regard, it may take a serious amount of time before we are going to see any sort of upgrade in blocksize. Direct result of that is that people will *temporarily* look for cheaper and faster (in terms of confirmations) alternatives.
Cryptos are useful in making certain payments like paying for a VPN. If nothing changes, we’ll see $1 fees in BTC. Who is going to pay things like those type of subscriptions with BTC when you got LTC? get real. BTC will stay a hodlers coin as long as the necessary changes don’t happen.
Litecoin is just one of the plenty of coins that people can choose from. If you ask the majority of the crypto nerds/enthusiasts what they will prefer when it comes to using certain altcoins as payment option, then it’s either XMR, DASH or ETH.
What is the closest thing we have to a scalable BTC? LTC. Becuase they are the same, so you can easily port code, so BTC development isn’t wasted in testnet and can be ported in a real ecosystem.
It doesn’t really matter in this case since there are other coins that can function perfectly fine in terms of being a payment option, that also happens to be a cheap (compared to bitcoin) option to use. As I said, Litecoin is just one of the plenty of coins that people can choose from. If it is up to the majority of the people, they will give the preference to one of the three afore mentioned coins, so no matter what changes Litecoin goes through, it’s up to the end user to decide whether or not he will use it.
All of the rest of the coins will end up suffering from the same problems as BTC, so they will need second layer solutions. Lightning Network is the best second layer solution, and LTC is the closest coin to get it with developers easily moving there. XMR and DASH don’t have LN and ETH’s Raiden is not as good as LN.
What big dump exactly? There wasn’t any huge or vwry important change in price, I would call it a smaller correction. That hasn’t influenced the price big deal and the price has recovered and back to track very soon. This has also shown that bitcoin is more stable and resistant then it was ever before.
That’s correct, and probably same like you I dont get the incident that OP is talking about, there was no big dump actually, at least I couldnt find any. The post was made at 13 April, and there is actually some price decrease in the history, but it is the tiny difference, considering it is a bitcoin, and the price of it is one of the highest in the whole history. Price was around the 1220$ level, when it got back to 1160-1170$, which is nothing special for me, because I have been into bigger downward surges than this one.
I still have faith in bitcoin, and im hope that most of the price drops are just temporary.
What big dump exactly? There wasn’t any huge or vwry important change in price, I would call it a smaller correction. That hasn’t influenced the price big deal and the price has recovered and back to track very soon. This has also shown that bitcoin is more stable and resistant then it was ever before.
That’s correct, and probably same like you I dont get the incident that OP is talking about, there was no big dump actually, at least I couldnt find any. The post was made at 13 April, and there is actually some price decrease in the history, but it is the tiny difference, considering it is a bitcoin, and the price of it is one of the highest in the whole history. Price was around the 1220$ level, when it got back to 1160-1170$, which is nothing special for me, because I have been into bigger downward surges than this one.
I still have faith in bitcoin, and im hope that most of the price drops are just temporary.
For others, a dive at around $50 is considered as big dump not considering that it can jump back again at that same level too. After the bitcoin price breached the $1,000 level, we noticed that the movement of price increase and decrease plays at the price $50 – $100 margin or even more. Meaning that the price movement will likely be common to play at that margin considering with the current price rate today.
Just don’t be panic but embrace those price decrease as we not know where we can buy again bitcoin on a “sale price”.
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All of the rest of the coins will end up suffering from the same problems as BTC, so they will need second layer solutions. Lightning Network is the best second layer solution, and LTC is the closest coin to get it with developers easily moving there. XMR and DASH don’t have LN and ETH’s Raiden is not as good as LN.
Sure, every coin that at some point will deal with the amount of usage that bitcoin experiences, will suffer from the same difficulties – that’s a fact. My point was basically; no matter how well Litecoin will function after certain implementations, that it’s still up to the people to choose whether or not they will make use of it. People are mostly hype sensitive, and will likely prefer to follow the three afore mentioned coins rather than something that remains stagnant (in terms of its price) for quite a long time.
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How do you like my perfect timing on LTC yet again! That is twice that I said emphatically “buy now” right before the blast off in the price.
That shows you how much BTC on this forum is influenced by me. I have a wide following in our community, when measured by wealth.
I have been able to decipher the long-term recursive fractal pattern and have been predicting the moves precisely and piling up the BTC profits going long, then short, then long, etc.. Note I will not tell you the exact price levels, nor my secret method.
LTC will pullback a bit here, but it is going much higher. Feel safe to enter at 0.01035. And make sure you buy LTC before April 19 when BTC will begin its decline by -30% due to the Scalepocalyspe (and possibly some other event involved ing BitFUnix or such).
Note LTC will make a peak price some where far above 0.0106, then it will decline back to long-term support. Then over the next 2 years LTC will make a ATH (as priced in BTC) which is means higher than 0.04. So holding LTC after the pullback will mean quadrupling your BTC over the next 2+ years.
Could we already say that this prediction was a failure?
The 19th of april came, and nothing happened. A day after, the price is in fact going up. $1219 bitstamp, $1273 bitfinex. So, those that sold on the 19th expecting a so called “scalepocalypse crash” lost money.
LTC hit 0.0083, now seems to be recovering with 0.0089. Im not holding any.
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How do you like my perfect timing on LTC yet again! That is twice that I said emphatically “buy now” right before the blast off in the price.
That shows you how much BTC on this forum is influenced by me. I have a wide following in our community, when measured by wealth.
I have been able to decipher the long-term recursive fractal pattern and have been predicting the moves precisely and piling up the BTC profits going long, then short, then long, etc.. Note I will not tell you the exact price levels, nor my secret method.
LTC will pullback a bit here, but it is going much higher. Feel safe to enter at 0.01035. And make sure you buy LTC before April 19 when BTC will begin its decline by -30% due to the Scalepocalyspe (and possibly some other event involved ing BitFUnix or such).
Note LTC will make a peak price some where far above 0.0106, then it will decline back to long-term support. Then over the next 2 years LTC will make a ATH (as priced in BTC) which is means higher than 0.04. So holding LTC after the pullback will mean quadrupling your BTC over the next 2+ years.
enough talk. when is ur coin coming out?
Published at Sat, 22 Apr 2017 11:06:53 +0000
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