Litecoin Wants To Surf The Bitcoin Wave But It Won’t Last

Everything I have just described clearly shows Litecoin’s willingness to surf the Bitcoin wave for taking benefit of its bright future. If the idea behind this one is finally smart enough, it will not last in time.

To this, I see three main arguments:

1. Litecoin Has A Leader Unlike Bitcoin

Litecoin has a leader in the person of Charlie Lee. However, the great strength of Bitcoin is that it has no leader. Bitcoin belongs to everyone, not Litecoin.

Why is it a problem that Litecoin has a leader?

Quite simply because this mode of operation only reproduces the failures of the current monetary system, which is in the hands of a few people abusing their power.

Thus, Charliee Lee did not hesitate to sell the majority of the LTC he owned at the same time as their price reached an all-time high at the end of 2017, posting a performance of over 7,000 percent in 2017.

The reason given was to avoid any conflict of interest. For many, this decision was more than doubtful. I leave you only judges.

2. Litecoin Is Nothing More Than A Copy Of Bitcoin

Litecoin is nothing more than a copy of Bitcoin with just few differences. Since the source code of Litecoin is nearly identical to that of Bitcoin, the vulnerabilities of its Blockchain are generally the same.

Investors have no interest in buying Litecoins with the same security risks as with their Bitcoins.

Charlie Lee keeps repeating himself that if a major security breach is discovered on the Bitcoin, it could be fatal to Litecoin and its $2.8 billion capitalization.

As an investor, you do not even have an interest in diversifying your investment in cryptocurrencies with Litecoin since it represents the same risks as Bitcoin without the advantage of having the same perspectives in terms of price growth.

3. Bitcoin Does Not Need A Companion Playing The Role Of Digital Silver

Bitcoin is already a phenomenal success. It has proven that it can play the role of a store of value in the same way as a digital gold. As far as everyday transactions are concerned, it is clearly not to be believed that Bitcoin is out of the game.

The adoption of Bitcoin by merchants as a means of payment continues to grow.

The year 2020 will see things accelerate in many major developed countries. The Bitcoin clearly does not need a companion to play the role of digital silver.

It can itself be used as a daily means of payment in the future and the building of the financial system of the future continues with Bitcoin. Bitcoiners will probably be able to put in place solutions that will allow Bitcoin to achieve mass adoption by the general public.

If the Bitcoiners don’t succeed, it’s certainly not the Litecoin that will be able to resist and still be worth something since it’s only a copy of the Bitcoin.