Bitcoin, Litecoin, Ripple & EOS short-term technical analysis

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Inthe gold to silver price ratio was a fixed number cemented by law in the United States at This meant that 1 troy ounce of gold was worth 15 troy ounces of silver. Understand that silver has far more valuable uses then gold does, especially as technology gets more advanced and widely used, technology which more and more heavily rely on silver. Not only does silver litecoin vs bitcoin price more uses then gold, but it is also becoming more scarce as times goes on, as more and more of it gets used in a plethora of products, and more and more of those products get thrown away with the silver inside them never to be seen again.

Meanwhile, the same cannot be said about gold, which over time has not grown in the number of uses much at all, and is almost never thrown away, meaning the supply is constantly growing over time at a static rate, unlike silver.

Historic Gold vs Silver Price Ratio: Bitcoin vs Litecoin Bitcoin was first introduced in early and since then has risen to the status of the gold standard of cryptocurrencies. Between now and then it has become quite widely accepted, frequently used, and more and more is becoming a household litecoin vs bitcoin price as it grows in popularity exponentially by the day 1 Market Cap.

Litecoin on the other hand was first introduced more than 2 years later in latewith 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 litecoin vs bitcoin price, 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 goldthat 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 litecoin vs bitcoin price shortage that might finally cause silver to rise. Especially since, as you stated, industrial use of silver doesn't seem to be litecoin vs bitcoin price away any time soon.

Not a bad start, but it still has a long way to go! Thanks for bringing this to my attention. Though prices might seam inflated for now I don't litecoin vs bitcoin price they will look like this 2, 3 years from now. Personally I always use: Anyways just my 2 cents… Disclaimer: Authors get paid when people like you upvote litecoin vs bitcoin price post.

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