Why litecoine can safe humanity

in #cryptocurrency7 years ago

Bitcoin can safe wealth - litecoin can safe hunaity.

Bildschirmfoto 2017-08-20 um 18.17.40.png
I thought that is a very interesting statement, isn't it? I mean, if it seriously could help safe humanity, that be kind a useful.
Based on a video I just watched, which I think explains the hip about crypotcurrency very well, I thought I repost it. It is just good if we all know ,why this actually grows so fast.

So the old bank based system is loosing its power and the value of fiat currencies is flowing into the crypto world. Why? Because people get scared to loose their wealth, so they look for something to invest in. Normally that can also be houses, properties or gold and silver. The silver price although is manipulated and kept underestimated.

So people see the growth of wealth of Bitcoin. Bitcoin is all about safety, and therefor it is expensive. Good to store your value, not so good for nano transactions on a daily basis. A good investment for the rich, I guess. That's why it's price is rising right now.

Litecoin is less about protecting your assets but much more about speed and cost. It will be a great coin for everyday purchases. To buy a coffee down the road. So when banks collapse, go down or simply when you can't use your credit card anymore, ATM don't work anymore, Litecoin will be a opportunity to do transactions on a daily basis. Thats why Litecoin might have a gigantic push at some point.

Check out this video:

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I own a small amount of Litecoin which i bought at $28 which seems pretty good on the face of it except that i used Bitcoin to buy it! I agree with the speaker about the positioning of these two coins but Litecoin ends up with a lot of competition in the transaction space. I don't see a competitor in the Value/Safety space. At some stage that means we may see consolidation in the alt coins if it follows the playbook of stocks.

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