Gold is a precious metal with an extremely limited supply, and silver is a precious metal, limited in supply, but not to the degree of gold. The historic gold/silver ratio is right around 16:1, meaning 16 ounces of silver would equal 1 ounce of gold. The current ratio of gold to silver is approximately 64:1, or 0.015625. Bitcoin was designed to be a digital equivalent of gold, and thus has an extremely limited supply, and is “mined” in a digital representation of gold mining. Litecoin is limited in supply, but not to the degree of Bitcoin. The designed ratio between BTC and LTC is 4:1, meaning that in the ultimate final count, there will be four litecoins for every one bitcoin. If this is true, can bitcoin remain the gold while other coin/token be silver and diamond respectively? Thank you
When you say gold is extremely limited in supply, I don't really understand. Bitcoin is known to have a total supply of 21 million supply, that's much, but has been limited to that volume (except something new happens to the supply), gold is not know because it is a natural and a precious stone of nature.
If I get you right, 4 ltc to 1 btc? If that's what you means, I do not agree with you(except am wrong). The current price of Litecoin is $24.6 per one, and bitcoin is $3,470 per one. The difference between them is too much.
Bitcoin is the number one of crypto currencies and the crypto space at large.