Litecoin vs bitcoin price
Litecoin on the other hand was first introduced more than 2 years later in late , with the openly stated goal of "being the silver to bitcoins gold", and although Litecoin today is also quite popular in the crypto world 4 Market Cap , much like silver, Litecoin still has yet to shine.
With this, Litecoin was created based on the idea that while Bitcoin may be a good store of value due to its fairly slow and expensive transactions, seen more as a savings account or store of wealth similar to gold , that the crypto world needed something better, cheaper, faster and more agile which could be more effectively used for basic day to day transactions faster and cheaper transactions, seen more as a checking account or pocket change similar to silver.
Much like silver, Litecoin also has more real world uses then Bitcoin has, due to the lower transaction fees and quicker transaction times, and in the end Litecoin has more potential to be effectively used in more real world situations then Bitcoin is currently capable of. Historic Bitcoin Vs Litecoin Fees: I am not a financial advisor, this post should not be seen as financial advice.
This is just some information I personally found interesting that didn't seem to be discussed much, so I wanted to make a post about it to share my personal opinion on the matter.
How long before these low silver prices put primary silver miners out of business? That, I think, would cause a shortage that might finally cause silver to rise. Especially since, as you stated, industrial use of silver doesn't seem to be going away any time soon. Not a bad start, but it still has a long way to go!
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