5 ms·

A friend of mine that does invest in to BTC and ETH said he "wouldn't bother with LTC" but I didn't ask why and haven't looked in to it, I'll do some reading up

• ringaroundthetx 9y ago
  critical thinking: and do you think that is anywhere near objective? why would that qualify outside of him being the "cryptocurrency savant" and you not being one? what would make your understanding of that statement objective? Somehow Litecoin traded from $3.00 to $46.00 with many enthusiasts saying the same thing for half a decade, was there somebody saying something else? Does your friend have the exact same investment risk profile as you would? factors...
  • hackinthebochs 9y ago
    Yes, LTC went up 10x in the same timespan that almost every reasonable coin went up 10x. That says nothing about the fundamentals of LTC. LTC simply has no value proposition after segwit on bitcoin and the alt coin rennaisance.
    • nosuchthing 9y ago
      BTC is susceptible to ASIC attacks which has inevitably lead to the network being taken over by custom hardware producers. LTC and other coins use more resilient algos like script to prevent that type of network compromise.
      • slededit 9y ago
        There are LTC ASICs out too. LTC itself was crippled by wanting to be "cache friendly" on the CPU so its memory usage is actually relatively small.
      • kbaker 9y ago
        There are scrypt ASICs for Litecoin as well. Anything that can be computed, will be centralized and moved to the place with the cheapest power and the loosest regulations...