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]

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)

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[polonieth]

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

 

[W Fish]

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]

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.

 

[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 to︀ see a new ATH for ETH and SOL I believe and in the long term︁ will outperform the profit % when comparing to BTC. This does not mean sell all︂ BTC and go into other coins, for sure hold some BTC but I would diversify︃ 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]

'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

 

[vehzag]

Wait while domination drops significantly
Until that time - chill

 

[JackAlabama]

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.

 

[W Fish]

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