I just traded all my bitcoin for litecoin. As crypto gets mass adoption i don’t see litecoin not getting mass adoption as well. I’m new in the crypto space and what mainly fueled me to do this was sending btc to my ledger. It is just so expensive.
If a newcomer like me is doing this, i guess many people that are getting introduced now will do what my newcomer mind is doing. Litecoin happens to be very weak right now versus bitcoin so that’s just a bonus if it pumps sometime soon. Litecoin has faster and cheaper transactions, a cool name. Am i missing something that is holding litecoin back?
I agree that litecoin right now is a better coin for buying or just using for transactions due to fees. However, just like fiat is better than gold for the same reason, easier and more cost effective for transactions, gold is a store of value and so is bitcoin. Bitcoin has the brand recognition that litecoin doesn’t have and that adds value. Right now crypto isn’t being used as a currency but a store of value. As a business owner I would be much more inclined to accept litecoin than bitcoin because of the fees. Only time will tell of litecoin is a better investment.