Why is LiteCoin not more popular?
Why is LiteCoin not more popular?
I mean honestly, when we look at the price of LTC and the transaction fees it doesn’t make sense that bitcoin has taken off to the extent it has while LTC seems to get ignored by a lot of newbies. I don’t want a rush of people coming in and creating wild spikes on the charts but it’s use as a currency is so much more realistic when it comes to paying and accepting transactions. thoughts?
This coin will prove its value overtime. When corporations and governments start to really recognize and use crypto they will look to the most reliable and stable.
I think a one part of it might be the community/mods/foundation fault. We’ve all tried to try not to mislead by hyping up things, which many other coins do . And the hype is what appeals people who take stupidly high risk decisions.
I think litecoin’s price is actually indicative of how much bitcoin’s price is propped up by speculation. If the price of bitcoin was entirely based on it’s utility it would probably be more proportional to litecoin.
Truth be told I’ve used LTC for far more transactions than BTC or any other crypto. It’s easy and affordable to use.
Yes, I love LTC and actively use it. It works as it is meant to and is a great form of money. The dollar value is currently just a measure of hype as the crypto market matures.
I pay little attention to the price these days but the vast amount of people in only care about that aspect.
Agreed, I love crypto for its utility. The whole stock market style hype around it has really put me off over the past couple of years.