I am a firm believer in several things when it comes to crypto currencies, and all markets really. But specifically in such a new frontier market such as digital, cryptographically secured blockchain ledger currencies there are a few things people love. ONE - AGE / SIZE = Reliable! == Old BIG money investors are far more likely to invest money into a currency like Lite or Bitcoin than they are any of the other 4000 crypto currencies available for the simple fact that the larger a project is, the harder it is for said project to fail. the like Bitcoin and several others, Litecoin in my opinion is to awesome and big to fail! so when the old big bank money starts pushing the up coming bull run up the hill, Litecoin is gauranteed to be one of the go to diversify crypt-olio coins, and I know as I manage 3 private crypto currecny funds and all 3 have specifically requested I invest heavily in Litecoin simply because they hear so much about it. Also, outside of its inherent name and recognition as the oldest fork and trusted ledger, Litecoin fees are lower and TX times are significantly faster than those of Bitcoin making it a go to currency for day to day spending and money transfer utility tokens. I LOVE litecoin, which I sometimes refer to as bitcoin lite lol.
number 2 - Litecoin has a massive following of loyal diehards pushing its further adoption successfully, the old money knows this and with LTC so cheaply priced right now it will be easier for whales to juke the books and run the price up as they did in 2017...
number 3 -- SPEED / UTILITY as i allready hit on, this is important, its what the brainwashed XRP army thinks is going to magically help XRP to consum about 70% of the worlds total financial resource driving it to some absurd number that will never be obtained, but with LTC there is utility, speed, and room for massive explosive growth and whales WILL TARGET THIS COIN LIKE LAST BTC HALVING TO RUN THE PRICE UP FAR BEYOND ITS PRODUCTION COST, AGAIN. this is not a speculation, its a fact. NOW THAT BEING SAID! I am not sure if they will succeed in another 2,000% or higher run but I do believe wallstreets watching and waiting with anticipation and that the books are gonna get mighty frisky come may16th and after, we are in for a big treat! for what its worth i personally bought over 1000 LTC recently, and do not plan on selling a single coin until 300% plus and I am 1000% confident that we will see at the least a 7-900% gain this run! now do you my friends, but this is my relative guess on price action, next winter we could see LTC closing on 2k$~! #tradehardnthepeaks ! woot woot! lets get em!
Only "issue".. well not issue.. but something I'd think about is the heavy correlation (dunno exactly but feels like >90% in bull) and if the correlation coefficient to BTC is positive or negative. If LTC just gets driven up by overall sentiment or BTC bullish behaviour but not outdo % wise.. then I'd call it a miss (say: would have done better in BTC)
Also latest news on founders and devs are not really painting a nice picture.
Sounds pretty negative, I know, but it's not meant that way. Just trying to take it as neutral as possible.
GeeKOpS1_3
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@TMF1, no all good points and I appreciate all comments and info. Litecoins been in this spot before, they will rise again like the pheonix i believe but just as with any investment none of its ever a sure thing and I have a sneaking suspiscion there will be some tom foolery come this halving that could be a little surprising and catch some of us off guard. the whaleholes are getting smarter and more coordinated, everyone watch for whale pods and keep eachother informed and we should be ok! cheers mate!
yeah, no question about the rise.
Only questioning if LTC possibly will outperform BTC (don't know, just asking myself).
And yes, whalshitting is hard to come by. Need to be glued to screen and act fast.. otherwise no fun.
BTW,
"tom foolery"
you mean me? (you'd be right, but still.. haha)
Alright, heading to Twitter watching what you did over there.. see ya.
Snuby3
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@TMF1, the more the "news" paint a bad picture, the more you should want to buy it. Link was getting trashed as a pump and dump scam coin right before it just pumped 100%. Guess who went all in on link while it was getting trashed... Me .. now I took my profit and moved it to LTC which is getting trashed by the news. Lol
Only "issue".. well not issue.. but something I'd think about is the heavy correlation (dunno exactly but feels like >90% in bull) and if the correlation coefficient to BTC is positive or negative. If LTC just gets driven up by overall sentiment or BTC bullish behaviour but not outdo % wise.. then I'd call it a miss (say: would have done better in BTC)
Also latest news on founders and devs are not really painting a nice picture.
Sounds pretty negative, I know, but it's not meant that way. Just trying to take it as neutral as possible.