Ever notice the only complaint people have about Litecoin is its USD performance over the years?

You never hear anything about it not working when you need it, or the fees are too high, or why is it not on my favorite exchange, or why is it not available to pay with at crypto merchants?

The reason for this is it’s literally an improved version of Bitcoins transactional rails using most of the original code with a few key tweaks. To say Litecoin has no value means you’re saying Bitcoin has no value.

Key thing overlooked, BTC and LTC aren’t really competing with each other. Both handle a different role. BTC more as a store of value first, payment network second, LTC as a payment network first, store of value second. They compliment each other. It’s not a competition for relevance. Both coins are needed and both serve a role.

One day the market will realize this and correct. Either BTC and LTC go to near zero, or LTC catches up to BTC in usd terms. There can’t be a one winner outcome here.

submitted by /u/Minute-Lake-1819 [link] [comments]r/CryptoCurrencyRead More

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