
Bitcoin or Litecoin?
BUY LITECOIN!
I figured I would write that if you only wanted to read the first two words in this post.
If you would like a little more info on why litecoin is so much better than bitcoin look at my list of the top reasons you should buy LITECOIN over BITCOIN:
1. COST- Bitcoin costs $3-5 avg USD per transaction, LITECOIN only costs .001
2. SPEED- Bitcoin takes at least 10 minutes per block, litecoin only 2.5 mins per block.
3. FULL COIN CAPABILITY- Bitcoin will cost you over 9k per coin , litecoin is under 100 now.
4. ACCESS- bitcoin is limited to 21 million coins, Litecoin has 84 million.
5. ALGORITHM- Bitcoin uses the more inefficient SHA-256 method while Litecoin uses the faster more reliable Scrypt method.
6. CONFIRMATION TIMES- transaction speeds is 4-8x Bitcoin. Bitcoin is occasionally clogged up and delayed. Which causes further delay.
7. VOLUME- Litecoin has more volume than Ripple Dash and Bitcoin. This will provide more liquidity long term for investors as well as visibility as the price continues to climb.
8. REAL HUMAN BEHIND COIN- My absolute favorite- A real person is behind Litecoin. Charlie Lee created and released Litecoin in 2011. He has worked for coinbase and google this guy knows his stuff. And there is a central authority for this currency. I know there should be no center in blockchain. Well this is why I see the largest potential for litecoin over Bitcoin as a value position.
More investors will feel more comfortable putting money into a coin that has a real central person behind it. Similar to a company with a CEO. The whole Satashi Nokomoto pseudonym that Bitcoin is doing maybe revolutionary and more "pure blockchain" but that's doesn't sit well with conservative investors and that is where the real money is.
Getting even 1% of pension or institutional money would translate to TRILLIONS of dollars in the ICO market.
For these reasons and many more, I think LITECOIN is poised for tremendous growth and you can still afford to get a coin.
-Tom Petrucci

