norok

BTCUSD 3/21/2015 Weekend Forecast

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
80 2 2
I am not looking for bearish opportunities in BTCUSD             because profits would be limited to the support. The strategy that has held well for the last several years between BTC             and LTC is to take long opportunities in BTC             and short opportunities in LTC. My fundamentally based long term target on LTCUSD             remains $0.00.
LTC to $0 got it
Reply
norok IAmSatoshi
Litecoin may have slight technological advantages over Bitcoin but the holders suffer from "missed out syndrome" when they got into the altcoin. Like it or not Bitcoin has first mover's advantage in an already tenuous and saturated space. You will never see a chart for Litecoin on CNBC nor will there be an ETF in any foreseeable future.

For every down move in Bitcoin there is one in Litecoin to a higher degree. Likewise it does not recover as strongly. The LTCBTC cross is also bearish. Fewer people are buying it with fiat or with Bitcoin

Additionally, there will be 4 times as many Litcoin produced than Bitcoin giving it additional inflationary pressure. LTC will fundamentally become worthless in the long term.
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