Is Litecoin Better Than Bitcoin?
𝗚𝗲𝘁 𝗧𝗵𝗲 𝗨𝗹𝘁𝗶𝗺𝗮𝘁𝗲 𝗚𝘂𝗶𝗱𝗲 𝗧𝗼 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗖𝗼𝘂𝗿𝘀𝗲:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss whether Litecoin is better than Bitcoin.
By comparing market cap, liquidity, global brand recognition, Lightning Network liquidity and number of channels, and other factors, I conclude that Litecoin has been unsuccessful at catching up to Bitcoin.
Even if Litecoin turns out to be a commodity under US law, it doesn't mean that it will be a good investment going forward. Manure is also a commodity.
Litecoin's own founder exited the project completely in December 2017, which can be taken as a strong sign that he didn't believe in its forward viability.
The fact that Litecoin couldn't even make a new high against Bitcoin during the last bull market is another sign that Litecoin is a dying protocol.
Bitcoin is the apex predator of money. Accept no substitutes!
Not investment advice! Consult a financial advisor.
Litecoin used to be much more highly ranked:
https://coinmarketcap.com/historical/20140126/
Coins ranked by market cap today:
https://coinmarketcap.com/
https://coinmarketcap.com/currencies/bitcoin/
https://coinmarketcap.com/currencies/litecoin/
Charlie Lee dumps all of his Litecoin:
https://www.cnbc.com/2017/12/20/litecoin-founder-charlie-lee-sells-his-holdings-in-the-cryptocurrency.html
Litecoiners excited to hear Bitcoin maximalists calling LTC a commodity:
https://twitter.com/AltcoinDailyio/status/1593681201457307648
https://twitter.com/MASTERBTCLTC/status/1598893968762150913
Manure is also a commodity:
https://plymouthmnhistoricalsociety.org/2019/05/07/the-rise-of-manure-as-a-commodity/
Map of Bitcoin reachable nodes:
https://bitnodes.io/
Number of reachable Litecoin nodes:
https://blockchair.com/litecoin/nodes
Litecoin Lightning Network data:
https://1ml.com/litecoin/
Bitcoin Lightning Network data:
https://bitcoin.clarkmoody.com/dashboard/
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#litecoin
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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