Why BTC Surges While LTC and ETH Lag Behind in Growth

[Houdini]

I have invested quite a bit of money in LTC and ETH, but they don't seem to be taking off like BTC is right now!

What is the reason for that? LTC was at $104 less than 2 months ago, and ETH was at $4400 less than 5 months ago, do they just take a long time to rise, or is the world only focused on BTC at the moment?

 

[EliasIT]

What is the reason for that? LTC was at $104 less than 2 months ago

You have to go further back in time for LTC to be at $104, anyway, it follows BTC with a delay, just like ETH, which also only rises slowly. BTC is the only coin to bet on if you want big gains quickly. ETH and LTC are good alternatives if you don’t want to bet solely on BTC.

 

[JohnnyDoe]

Because the other two are shitcoins. (nothing wrong with holding them and making good profits though)

 

[polonieth]

https://wnotn.medium.com/why-does-b...ypto-market-hearts-law-explained-a6e9c2fab059

 

[W Fish]

I have invested quite a bit of money in LTC and ETH, but they don't seem to be taking off like BTC is right now!

What is the reason for that? LTC was at $104 less than 2 months ago, and ETH was at $4400 less than 5 months ago, do they just take a long time to rise, or is the world only focused on BTC at the moment?

Why do you think something should go up because you have invested in them?
All sh**coins will eventually end at 0.
Sorry, you asked.

 

[EliasIT]

https://wnotn.medium.com/why-does-b...ypto-market-hearts-law-explained-a6e9c2fab059

That makes a lot of sense, and that’s how it was a few years ago, I think, but right now it has gone completely crazy.

BTC is at 82K as I write this. ETH has dropped to 3190, and LTC has fallen to 76.90, a few years ago, they all followed each other; if BTC surged, the other major coins did as well. But that doesn’t seem to be the case this time.

 

[JohnnyDoe]

That makes a lot of sense, and that’s how it was a few years ago, I think, but right now it has gone completely crazy.

BTC is at 82K as I write this. ETH has dropped to 3190, and LTC has fallen to 76.90, a few years ago, they all followed each other; if BTC surged, the other major coins did as well. But that doesn’t seem to be the case this time.

Just relax

 

[Brutus]

LTC is lacking adoption and layer 2 and very few people are even talking about it. Bitcoin is being plastered everywhere and same with ETH, getting their ETFs approved. This brings a lot of money into BTC and ETH pushing the price up. We will see a point again in this cycle where people will want to sell off BTC and diversify into other coins, into ETH, SOL and others. Any major blockchain gambling (memecoins) or gaming related I think will do well as they do in every cycle.

Gambling was one of the main use cases for BTC when it was starting and human psychology has not evolved much since. Within the next few months we are likely to see a new ATH for ETH and SOL I believe and in the long term will outperform the profit % when comparing to BTC. This does not mean sell all BTC and go into other coins, for sure hold some BTC but I would diversify into other promising coins as well for a higher % profit

 

[TheCryptoAnt]

Because shitcoins always trend towards 0 in the long run.
We could argue ETH is not a shitcoin and actually has an use tho.

Also ETF flows, theres a lot of people now buying BTC through IBIT mostly and rotating gains to another coin is difficult as you have to withdraw, send to your exchange, buy the other coin, etc.

People just dont do that so the money remains in their brokerage acc, making flows more BTC centered than ever before.

 

[elcontestador]

World isn't fair. The most useful coins like Monero are x2 down from last ATH and probably will never recover. So just utility of a coin is not enough of a predictor of future value

 

[void]

World isn't fair. The most useful coins like Monero are x2 down from last ATH and probably will never recover. So just utility of a coin is not enough of a predictor of future value

'usefulness' is a subjective property, only the market knows what is useful, when and for how long... the price as just a reflection of it

 

[JohnnyDoe]

“only criminals use bitcoin”

 

[vehzag]

Wait while domination drops significantly
Until that time - chill

 

[JackAlabama]

World isn't fair. The most useful coins like Monero are x2 down from last ATH and probably will never recover. So just utility of a coin is not enough of a predictor of future value

monero is not "a most useful coins", otherwise the market would be way way higher.
Maybe it is the most useful for you but your personal opinion stands against the market (hard to understand but it is what it is).

 

[EliasIT]

I converted 50% of my LTC yesterday to BTC - I hope I didn't made a mistake but trust long term it was a good investment.

 

[JohnnyDoe]

I converted 50% of my LTC yesterday to BTC - I hope I didn't made a mistake but trust long term it was a good investment.

It’s never a mistake to buy more btc. And it is not an investment, it is a necessity.

 

[W Fish]

Not going long BTC, rather going short USD, EUR - that is perhaps easier to grasp. Moneyprinter can not be stopped ....