Litecoin ran a fast pump, and then a LONG SLOW TAKE right out in the open. Same thing -- a decreasing exponential loss curve in BTC/LTC and every holder of Litecoins watched their value disappear relative to Bitcoin for two solid years, and still ongoing.
You should really do your research. Litecoin has grown leaps and bounds since inception on the BTC/LTC ratio. It's not a one time pump/dump.
But hey I wouldn't expect you to do any actual research before trolling here. There are more updated graphics available but found this one quickly.
I find it funny that you can imply that bitcoin has value outside of speculation today but litecoin has no value. All crypto currency "value" is driven entirely by speculation.
Best of luck.
The full story Genesis to halving
Well, by accusing me of not researching, and of trolling, you invite further discussion. That's just troll feeding 101.
I stand by every word I wrote, and yes I have done my research. Your chart shows that Litecoin does to Bitcoin what Bitcoin does to the dollar, which is to say it makes crazy price jumps and does long takes on Bitcoin.
But Bitcoin is better than the dollar, and is a good value proposition compared to the dollar in the long run for those who hold. I think you would agree with that.
But Litecoin is NOT better than Bitcoin. And it's a ZERO-SUM proposition AT BEST compared to Bitcoin in the long run. Sooner or later, or maybe already, it will have exhausted its growth potential relative to Bitcoin and, by Charlie's favorite analogy, hopes to settle into a gold/silver trading pattern forever.
People who paid 1200 USD for bitcoins, and held, will see their USD come back multiplied handsomely in time.
People who paid .05 BTC for Litecoins? Screwed. If Litecoin ever hits .05 again it will be another ridiculous pump to stupid prices and only suckers will buy them from all the desperate Litecoiners scrambling to dump their stupid coins.
Again I claim: these prices are planned in advance, and those who know what to expect will be the inside dumpers and all the other Litecoiners (if there are any) will take the ride right back down like they did in July.
Sure, .015 going into the "halvening" looked like a safe store of value. And I'll bet I'm not the only "greedy idiot" who held through that. Only I wasn't that greedy, or I'd have dumped. I was just an idiot. Litecoin is not for storing value. It's for taking bitcoins from suckers who learn this market moves opposite to trust levels.
A coin whose survival model is based on taking advantage of, and violating, people's trust probably can survive forever if it chooses. But it should expect to be hated.
Your coin is a dumpcoin, and a chumpcoin, and a takecoin. Your own chart shows it. Delete/Ban me if you want, but if you're going to keep talking to me, then you will be answered.
Your chart makes Litecoin look pretty advanced in price, while it continues to fall. I wonder who will buy at these stupid prices. I'm here to talk people out of it. Not so much trolling, as warning people. Even .008, even after the "halvening" makes it just like .004 would have been before.... could be bad for the buyer! Beware! This coin likes to eat the Bitcoin Cake.