Which old coin do you prefer? Litecoin or Dogecoin?

[Blitzboy]

I prefer Litecoin rather than Dogecoin, because Dogecoin was originally created just for meme coin, so that's what makes me not interested to investing in Dogecoin and prefer Litecoin, because I think meme coin is an investment that has a big risk, but if I could choose an old coin that I like to invest in, then I would definitely still choose Ethereum, because Ethereum is a worthy investment for the long term.

Dogecoin is backed by Elon Musk as we all know and currently, Elon is the richest man in the world. Don't you think he will have a plan to double his investment in Dogecoin. For me dogecoin is best as the future for dogecoin is very bright and in future we will see many millionaires who will become millionaire by dogecoin.

The idea that "dogecoin is backed by Elon Musk" is the most wrongful thing that I have ever seen on this forum and that is saying a lot. It's not a coin that is backed by Elon Musk, the idea of "being backed" isn't what you think it is, just tweeted about it a few times years ago is not meaning that he backs it, or even owns it, he may have sold every single one of them at this point.

Litecoin is good because it's a decent project that keeps trying to be better all the time, and it keeps improving its code and features as well, doge coin was used because Elon tweeted about it. Tell me which one sounds like a good reason to buy a coin? I mean if you say you rather buy and hold something until Elon tweets about it, good luck to you.

Many people who arent very knowledgeable about cryptocurrencies think that "Elon Musk supports Dogecoin." Not everything that a famous person says or supports is actually valuable. Despite how powerful Elon's tweets are, they dont change the basic ideas behind cryptocurrencies. Tech, teamwork, and usefulness are what its all about, right?

We are now talking about Litecoin, a coin that is always trying to get better and fit new situations. Continuous code changes and feature improvements show that it is committed and dedicated. In sharp contrast, this is how Dogecoin became famous for a short time thanks to a few tweets. using short-term endorsements as a basis for business decisions instead of solid technological advances? Playing that game is risky. Any way someone decides, though, is their own business. As the saying goes, everyone's financial journey is different.

[DapanasFruit]

Both good use-cases but we know that when it comes to excitement and enthusiasm I think it is Dogecoin that can win the game...with the usual support of no other than Mr. Elon Musk, of course, who is always on the news. Now, having said that, I would not kick Litecoin down the road as it too got a big potential to soar especially in the coming bullish 2024. So. why not just choose the two...with maybe Dogecoin taking up 60% of the total allocation and then Litecoin getting 40% of the share. I am hoping that holders of both coins will be smiling in 2024 all the way to the bank.

[Abiky]

In my opinion, fiat is to blame for everything, as usual. Cryptocurrency was created as a means of payment and an alternative to conventional money, but what happened is that cryptocurrencies are not used as an alternative to fiat, they are used to exchange it for fiat. The crypto community itself is to blame for the fact that they started to interact with fiat more and more, thus attracting the attention of regulators more and more. Cryptocurrency has a phenomenal idea and concept, but people are not yet able to fully appreciate it.

That's certainly true, mate. It has always been about the money. Not about believing in cryptocurrency's underlying tech to change our world for the better (by eliminating the middleman). If people began using crypto as an alternative to Fiat, things would've been different now. Banks would no longer be relevant, as the majority will switch to the decentralized economy. Unfortunately, this is only be a pipe dream. That's because both banks and governments won't allow decentralized cryptocurrencies to take over the world. Otherwise, they will lose power/control over people's financial lives.

Considering that people only care about making money with crypto, we should expect "meme" coins to rise like there's no tomorrow. The rest will go all the way down the drain in an instant (except BTC, ETH, and LTC). I'd say Litecoin is a very undervalued coin, especially when it has a limited supply of only 84m units. It's fast, cheap, and private (with the optional Mimblewimble privacy feature). Best of all, its blockchain network is decentralized and censorship-resistant. LTC is tried-and-tested, unlike many newcomers on the market today. Who knows if it lives alongside BTC for generations? Just my opinion

[Ultegra134]

What would be your pick? And why did you choose that coin in the first place? Your input would be greatly appreciated. Thank you.

Personally I didnt use any of these two yet but Ive traded them before on exchange. I am fond of using bitcoin and other altcoins instead of old coins so I didnt know the feeling of using it. But some of my friends are using dogecoin as its very fast and got small fees. Not sure if comparable to L1 if its still much cheaper though.

I still prefer dogecoin,  because reason being that,  dogecoin have given me a big profits before while the coin was still at it early stage I bought a few of it and left them in a wallet and at that period of the dogecoin craze I made a lot of profits from the coin and ever since then I haven't gone back or try to buy back even though the price of dogecoin plumb down significantly a few weeks after that.

So if I were to choose between the two coins,  I would choose dogecoin still since it has been proven that dogecoin has higher fans and chances of recovery,  compared to litecoin which looks like a copycat of other projects, for me,  dogecoin all the way.

Although I understand your point, I'm going to disagree. Personally, I don't see any usage or a real purpose for Dogecoin; it was created as a meme coin and nothing more. Litecoin, on the other hand, is one of the first altcoins ever created, derived from Bitcoin's source code. How can I ignore something so fundamental and prefer Dogecoin? After all, it's a meme coin, and the only usage it can actually serve is for gambling. I can't seem to think of anything else. I might be wrong, but that's just my opinion. I respect Litecoin for what it is, but unfortunately, I cannot have a similar opinion for a coin that was created just for a meme.

[Hispo]

Both coins comply with what they initially offer to their users, though I am most inclined to Dogecoin than using Litecoin because I don't usually hold or like to invest in memecoins. When comes to doing some small payments with little fees both can be good.

There is something which catches my attention on Litecoin though, even though their supply is limited and transactions are fast and cheap, it continues to underperform during bullruns, when compared to coins like Dogecoin. It seems Dogecoin is a better investment in the long term for those who are willing to give memecoins a chance.

[Firstfrost]

Both coins comply with what they initially offer to their users, though I am most inclined to Dogecoin than using Litecoin because I don't usually hold or like to invest in memecoins. When comes to doing some small payments with little fees both can be good.

There is something which catches my attention on Litecoin though, even though their supply is limited and transactions are fast and cheap, it continues to underperform during bullruns, when compared to coins like Dogecoin. It seems Dogecoin is a better investment in the long term for those who are willing to give memecoins a chance.

In today’s market i wouldn’t consider either of the two simply because i see Doge as a memecoin and I didn’t get the chance to invest in it then so it’s out of the question now while Litecoin despite its utility and usecase has been dominated by other and bigger coins in the current market. However, if i must choos between the two, Litecoin would be it.

[Abiky]

Both coins comply with what they initially offer to their users, though I am most inclined to Dogecoin than using Litecoin because I don't usually hold or like to invest in memecoins. When comes to doing some small payments with little fees both can be good.

There is something which catches my attention on Litecoin though, even though their supply is limited and transactions are fast and cheap, it continues to underperform during bullruns, when compared to coins like Dogecoin. It seems Dogecoin is a better investment in the long term for those who are willing to give memecoins a chance.

Litecoin is better than Dogecoin as a long-term investment due to its finite supply of 84m coins. For some reason, most people haven't realized this yet. I guess it has to do with poor marketing/PR efforts from the dev team. Institutional investors seem to be getting interested in LTC, though. Especially when there are rumors a Litecoin spot ETF will be launching soon. Dogecoin may be faster and cheaper to use than Litecoin, but it's speculative by design. Not to mention, DOGE is a "hyperinflated" cryptocurrency. This adds many unecessary risks to long-term holders.

In my opinion, Dogecoin resembles Copper in every way. LTC is more akin to Silver, due to its economic traits. It's no wonder it's often called "Silver to Bitcoin's Gold". One of the few old coins that have truly stood the test of time. Suprisingly, LTC is listed on almost every crypto exchange. Who knows? Maybe Litecoin will surprise us in the future. Just buy, "hodl", and don't sell until the market turns bullish again.