Just as sine and cosine exhibit identical periods of rotation, but remain offset to a certain degree, LTC and BTC exist in a similar manner.
If BTC = digital gold, then LTC = digital silver.
LTC was born from BTC's source code, albeit slightly modified. Some notable changes are faster block times and a lighter mining algorithm. The consequences of these changes are not important for this post. What matters are the similarities.
LTC has a fixed maximum supply, just as BTC. LTC also has a halving every 4 years. The result of these constants are LTC & BTC oscillating through their respective 4 year cycles in a slightly offset manner.
In the chart notice that the LTC halving (black) and the BTC halving (orange) are offset, but still 4 years apart.
Notice how the respective peaks of LTC and BTC occur in the same fashion 4 years apart.
A picture is worth a thousand words, so analyze the chart instead of reading my explanation. Words simply do not do It justice.
Yes, in the chart the sample size of market cycles = 2. The past is not a predictor of the future. Nonetheless, this is interesting and IF it holds true that fundamentally changes the way crypto differentiates itself from legacy stocks. There is unimpeded cyclicality, instead of massive boom periods followed by sharp recessions. Order, mediocristan, antifragility, has been restored.
If BTC = digital gold, then LTC = digital silver.
LTC was born from BTC's source code, albeit slightly modified. Some notable changes are faster block times and a lighter mining algorithm. The consequences of these changes are not important for this post. What matters are the similarities.
LTC has a fixed maximum supply, just as BTC. LTC also has a halving every 4 years. The result of these constants are LTC & BTC oscillating through their respective 4 year cycles in a slightly offset manner.
In the chart notice that the LTC halving (black) and the BTC halving (orange) are offset, but still 4 years apart.
Notice how the respective peaks of LTC and BTC occur in the same fashion 4 years apart.
A picture is worth a thousand words, so analyze the chart instead of reading my explanation. Words simply do not do It justice.
Yes, in the chart the sample size of market cycles = 2. The past is not a predictor of the future. Nonetheless, this is interesting and IF it holds true that fundamentally changes the way crypto differentiates itself from legacy stocks. There is unimpeded cyclicality, instead of massive boom periods followed by sharp recessions. Order, mediocristan, antifragility, has been restored.