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RE: How Bitcoin's rising transaction fees will boost Litecoin

in #cryptocurrency8 years ago

I agree that transactions of a smaller amount will be hindered by Bitcoin's higher transaction fees. Larger chunks of money that flows into Bitcoin as an investment may not be discouraged though. Compared to commissions and fees in standard investment vehicles the fee may not seem as cost prohibitive at present. How do the fees for Litecoin transactions compare? What other coins do you think will benefit from a disparity of transaction fees?

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I definitely agree with you about larger investments, especially since they will be more interested in stability (especially with mutual funds or VC funds) but there is a huge untapped market of individuals in need of these assets. As far as other coins go I see altcoins in general benefitting in a major way. I just see litecoin being one of the most quickly adopted for its simplicity and easy access on sites like coinbase.