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RE: Today I Sold Most Of My Dash And Monero To Invest In BTC, But Kept My Litecoins - Here Is Why….

in #bitcoin7 years ago

I agree LTC is a great coin that should be hitting the 100 mark somewhere in the next 6 months. I like actual doing anything involving cash withLTC since the price is way more stable, then trying to work in BTC. Everyone talks a lot about bitcoin either good or bad, but I don't see it going anywhere, the problem is that like you stated it was the first and as such there will be better ones to come down the line that fix all the issues that come up. EOS, and a few others are looking like young potentials but time will tell and they have a lot more coins then BTC or LTC. Great Read keep it up!

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Thanks for your comment! I don't believe in better coins since cryptocurrencies can evolve by updates and additional layers. At the end of the day you can create all the 'better' features on side chains. In all the features that are interesting to use a blockchain for, security is one of the most important requirements. The more value get added to one blockchain, the more security you will get (in case of POW). It is impossible for a blockchain designed for only one feature to get the same level of security as a blockchain that has a base chain for store of value and global transactions and multiple side chains. Beside that the network effect and infrastructure will give a big advantage too.

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