Time we see the Lite....
Just because Mcdonalds created fast food, does it mean A&W, and Burger king and others dont have a place at the table? Does Fords success mean Chevrolet has no use? Just because Apple is loved by many, does it mean Samsung, Lg, and others arent loved too? I see a lot of statements like Litecoin is just a 2nd rate Bitcoin, and theres no reason for Litecoin... I have to disagree wholeheartedly. Litecoin is incredibly fast, and transaction fees are extremely low, its been around a long time with a proven track record, it is one of the most stable, and tends to make steady progress in terms of value and technology advancement. Some argue that in time Bitcoin will solve its problems and then there wont be a need for Litecoin, but back to my point... since when does one brands success mean another isnt necessary? Sure we could all get by just fine using Apple the world over, but thats not how people work, and it isnt how culture works. People like having choice, and everyone is different. Its one of the fascinating aspects of human beings, and it applies to cryptocurrency as well. I think its amazing Bitcoin is growing at an incredible rate, but this doesnt mean Litecoin isnt extremely valuable too. Consider how important it actually is to prevent monopolization in any industry, and with that consideration look at the gigantic imbalance between Bitcoin / Bitcoin cash and the other valuable Altcoins. Im not in any way saying stop investing in Bitcoin, im simply saying its probably very wise to make sure a good percentage of $ also goes into a few others to ensure you/we dont wake up one day to find 50-75% of our $ gone because we didnt diversify. Litecoin is the other cryptocurrency in this space that is #2 in my opinion. For those that see it differently thats perfectly fine, but are we really diversifying when we buy Bitcoin cash for instance?(i know some will say yes, but im no longer sure about this) Ethereum is great, and certaintly brings value to the space no question but it doesnt provide the sense of stability and reputation that Litecoin does, at least not to me. This isnt to say i dont invest in Ethereum because i do, but out of all other cryptocurrencies Litecoin definitely is the silver to Bitcoins gold and when im looking for the best place to invest the majority of my funds Litecoin is hard to beat. Its worth noting that Charlie Lee never tries to pump Litecoin, when he easily could... could it be that he realizes the importance of a clean image when it comes to ETF approval?
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