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RE: Day 16 update of the LITECOIN SegWit Network Vote (signalling) - to decide to fork to big changes....watch the voting here (see link) + BTC/LTC Comparison Chart! (SERIES)

in #bitcoin8 years ago (edited)

I have been talking and listening to a few knowledgeable people in the Crypto world about this matter and most agree that Litecoin is one of the few altcoins that will survive in the future due to its unique relationship with Bitcoin. And if this softfork comes about and proves to be successful then it will pretty much secure its future.
And yet, as you say, it is all quiet on the western front.
Why is that?
I think the reason for this is two things.
First, the majority of traders are impatient and are driven by the "quick buck" mentality. Thus they will only jump on board with Litecoin if and when they see a movement. A day in crypto-trading can feel like a week.
Long term patient traders like myself who play the long game are prepared to wait and are invested in Litecoin anyway because they know it is stable

Secondly, Litecoin was one of the first altcoins and since then there has been an an explosion, so generally people see it as boring compared to alt coins such as Monero. This will change as time goes on when the majority of alt coins begin to vanish into the sunset.

Thanks for the update Barry, always appreciated.

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