Litecoin is dat coin she told u not to worry about. Upon popular demand I figured I would throw in a LTC/USD chart (in addition to my newly published chart on the ratio). I may drill down on this further as time goes on, and we have more info (potentially at my new >ltc-joe cloutreon).
As with my last published chart--TheTruthSocialNetwork url stamp/signature will be published in my >ltc-joe block--dw if there's a delay as this illustrates a different nuance/tradeoff in timing (publishing, establishing time, using TV---trusting the digitally signed current ownership of my TV account, and further--deterministically validating/signing it upon inclusion in my block, and ultimately publishing, and building upon that block).
Right right, I know, @Jack is going to save us, thanks but I won’t hold my breath fam.
Anyway, the meat and potatoes of it all is pretty much in the chart. In short, I believe we are completing (likely have already completed) wave 2 of a new bull cycle in litecoin. I believe wave 3 will be a big one as litecoin’s greatest strength--a boot-strapped copy and paste of bitcoin which does not directly compete for it’s mining, has a high cost to attack, and has stood the test of time--will flourish as it can adopt advances in technology much faster than bitcoin which is, by design, more conservative. The similarity in codebase allows litecoin to siphon intellectual capital from bitcoin, and implement it faster, which also helps serve as a (*high value bounty) test net for bitcoin—not to mention—a possible a scenario could arise where btc never changes for the rest of time.
This development dynamic creates a mutually beneficial relationship between bitcoin and alts, and a much more resilient, complex, overall system to attack from miriad of different vantage points. There is a myth out there that if an alt(s) were to ever overtake bitcoin, it would prove to be a failure for the entire space, a laughable notion on it’s face which we can delve into at another time.
Anyway, wave 1 x 2.618 would put as at ~$20k...which might sound crazy now, but based on my ltc/btc analysis seems quite realistic, and possibly even conservative. At $500k per btc, and 0.05 we get there easily.
As with my last published chart--TheTruthSocialNetwork url stamp/signature will be published in my >ltc-joe block--dw if there's a delay as this illustrates a different nuance/tradeoff in timing (publishing, establishing time, using TV---trusting the digitally signed current ownership of my TV account, and further--deterministically validating/signing it upon inclusion in my block, and ultimately publishing, and building upon that block).
Right right, I know, @Jack is going to save us, thanks but I won’t hold my breath fam.
Anyway, the meat and potatoes of it all is pretty much in the chart. In short, I believe we are completing (likely have already completed) wave 2 of a new bull cycle in litecoin. I believe wave 3 will be a big one as litecoin’s greatest strength--a boot-strapped copy and paste of bitcoin which does not directly compete for it’s mining, has a high cost to attack, and has stood the test of time--will flourish as it can adopt advances in technology much faster than bitcoin which is, by design, more conservative. The similarity in codebase allows litecoin to siphon intellectual capital from bitcoin, and implement it faster, which also helps serve as a (*high value bounty) test net for bitcoin—not to mention—a possible a scenario could arise where btc never changes for the rest of time.
This development dynamic creates a mutually beneficial relationship between bitcoin and alts, and a much more resilient, complex, overall system to attack from miriad of different vantage points. There is a myth out there that if an alt(s) were to ever overtake bitcoin, it would prove to be a failure for the entire space, a laughable notion on it’s face which we can delve into at another time.
Anyway, wave 1 x 2.618 would put as at ~$20k...which might sound crazy now, but based on my ltc/btc analysis seems quite realistic, and possibly even conservative. At $500k per btc, and 0.05 we get there easily.
