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/biz/ - Business & Finance


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28393560 No.28393560 [Reply] [Original]

"The coin for boomers"- edition

>What is Litecoin?

From Wikipedia: Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin.

>Why invest?

>Reliable and tested coin that's almost as old as BTC
>Cheaper fees compared to BTC
>Widely accepted on reputable sites like Paypal
>Grayscale investment firm has bought 200 million dollars worth in the recent months and are still accumulating
>MWB privacy update coming soon
>Has not reached its ATH yet like BTC or ETH have
>Top ten crypto for close to a decade

>Where to buy?

Any crypto exchange really. LTC has tenure and can be reliably bought just about anywhere. If you're new, here's some suggestions.

>Coinbase
>Blockfolio
>Kraken
>Binance
>Paypal

News

>https://cointelegraph.com/news/record-584m-litecoin-futures-open-interest-signals-institutional-inflow
>https://cryptobriefing.com/litecoin-poised-retrace-before-entering-new-uptrend/
>https://www.fxstreet.com/cryptocurrencies/news/litecoin-price-forecast-ltc-aims-for-a-15-upswing-as-bulls-hold-the-upper-hand-202102091608
https://cryptoslate.com/litecoins-mimblewimble-privacy-upgrade-is-ready-to-roll-on-march-15/
>https://www.dailyfx.com/forex/technical/article/special_report/2021/02/11/Bitcoin-Litecoin-Ripple-Outlook-Mastercard-to-Embrace-Certain-Cryptocurrencies.html

Price

>https://www.coindesk.com/price/litecoin
>https://www.coinbase.com/price/litecoin

Last thread: >>28328928

>> No.28394439

I'm addicted to accumulating this coin.

>> No.28394461
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28394461

People not posting in the general, why?

>> No.28394818

finally a general for LTC

any speculation to as the high premiums grayscale is paying for LTC ? looks like LTC could moon hard this year

>> No.28394821
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28394821

>>28394461
I'm balls deep.
>Longer than your dads dick in grandpas son

/biz/...sleeping again for max i-told-you-so-keks

>> No.28395026
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28395026

>>28394818
So Mastercard released a big statement today

https://www.engadget.com/mastercard-cryptocurrency-support-113518862.html

I assume LTC will be among those listed.

>> No.28395221
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28395221

>>28395026
LTC has to be, wherever bitcoin is LTC is too this will be big for it, I've been spending $200 a paycheck on LTC for 6 months now feeling real good about it.

>> No.28395499
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28395499

$190

Bring me that fucking pump.

Lets see those $200's ooooooOOOOOO

>> No.28395570

We’re gonna make it bros

>> No.28395665

Its time we break through 200 today bros get ready

>> No.28395691

In for the technology.

>> No.28395901

Still one of the more reasonable plays. I will buy another litecoin at $190, but I won't buy another bitcoin at $48k. I own both.

>> No.28396526

We've got great USD & ETH support but fucking bitcoin keeps fucking us, people need to stop selling their LTC

>> No.28397498

>>28395691
Same

>> No.28397682

>>28395221
I respect your long-term thinking. Seems pretty uncommon on /biz/.

>> No.28397936

Just have patience lads. As long as BTC is stable or rises, LTC is primed to spike. Happened Tuesday night and it'll happen again.

>> No.28397938

Litecoin is in extreme accumulation mode. Just look at volume of this coin. Consistently 4th in volume after BTC, ETH and USDT. That in itself tells you what happens next. $500 in a few weeks.

>> No.28398322
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28398322

>>28397938
.02 .02 .02 .02 .02 .02 .02
500x2
LTC is picking up steam

>> No.28398548

should i convert ~10 eth to pick up another 90-100 LTC?

>> No.28398674

>>28398548
Is that a rhetorical question?

>> No.28398820

>>28393560
>Litecoin
>Coin of choice for boomers
LOL. Litecoin is crap just like any shitcoin, it's make believe money.

>> No.28399047
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28399047

>>28397938
It has been like that for years, the price says otherwise though but good job anon, this is my worst performing coin and I would like dump it for more butcorn.

>> No.28400120

>>28398674
genuine question

>>28399047
jelly AF, can only imagine what your other holdings are like

>> No.28401126

Keep this thread alive by any and all means. That's a direct order you fucking boomers.

>> No.28401235
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28401235

>>28401126
Boomer here

>> No.28401813

>>28401126
Bagholding 1084 turbo-boomer checking in. See you faggy zoomies on the moon

>> No.28402014

>>28399047
ye thats a jelly from me bro

>> No.28402032

>>28393560
Holding since '17 pre Charlie's dump, 420 by April

>> No.28402153

>>28398548
imo, no, not sure though

>> No.28403122
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28403122

>>28398548
>>28402153

if you guys don't see where this coin is going you don't deserve to make it.
>sipp

>> No.28403635

im ready fellow boomers

>> No.28403960
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28403960

Are we all just meming here or is it actually going to move in the coming days. I'm a newfag who bought in because it sounded good.

>> No.28404331

>>28403960
Its gonna moon hard, just have patience

>> No.28404338
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28404338

>>28403122
If LTC breaks out soon we can at least make some 3-4x over the next months, though we will only see that in a few days/ a week.
>>28398548
Though trading ETH for LTC is bullshit

>> No.28405622
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28405622

mighty fine wedge about to conclude

>> No.28405875

do you know when paypal will start selling crypto? at least in europa you cant buy at the moment

>> No.28406102

I bought 44 ltc at 40USD. Will I make it?

>> No.28406144
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28406144

>>28405875
https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

>> No.28406214

>>28406102
you done well, son

>> No.28406296

>>28406102
Sorry, meant to say 40 USD ea

>> No.28406429

>>28393560
Bumping for based LTChads and continuing to aCOOMulate

>> No.28406455
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28406455

>>28406144
>What Cryptocurrencies does PayPal support?
>Customers in the US (except HI) can buy, sell and hold four different Cryptocurrencies on PayPal: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
very nice
holy

>> No.28407113
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28407113

>>28404338
>If LTC breaks out soon
LTC has been badly beaten by his bastard son, Doge.

>> No.28407196
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28407196

>Imagine not going all in on the most obvious 2x in history

Donate some (you) if you agree

>> No.28407515

>>28407196
Based

>> No.28407532

>>28407196
It's going to go vertical very soon

>> No.28408516

>>28407196
>most obvious 2x in history
There is nothing obvious about this coin, mybro.

>> No.28408705

>>28408516
You donated a (you), so you agree on the statement.

You just outplayed yourself, mybro

>> No.28408783
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28408783

>>28407196
I FEEEEEEEL ITTT!!!!!

>> No.28408882
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28408882

>>28408783

>> No.28408883
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28408883

Guys, am I gonna make it?

>> No.28409089

>>28408883
as soon as LTC pumps to 600$-1000$, get out of this shitcoin

>> No.28409108

>>28393560
Howdy partners, actually tried mining this in 2009 or so, but gave up.
But hodling a few bought ones since 2016, so am I boomer yet?
But they're all on an exchange. What's a good light wallet for GNU+Linux?

>> No.28410062

>>28407196
dont show me that usd shit give me a nice btc chart anon

>> No.28410072
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28410072

>> No.28410514
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28410514

>>28408705
I'm trying to (you) you to take you out of small gain misery

>> No.28410632

>>28408516
Firstly, I am not your motherfucking bro. Secondly, thanks for keeping this thread alive with your snarky little comment.

>> No.28411170
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28411170

>>28410632
bruh

>> No.28411279

LTC unironically will be the coin to have going forward

>> No.28412016
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28412016

>>28393560
Here some analysis
https://www.youtube.com/watch?v=cuBEx_YFiak

>> No.28412495

>>28410632
I understand you are not my bro, mybro. The coin is earthing right now though.

>> No.28412659

>>28412016
fuck off with this add and bot infested piece of shit, holy fuck

>> No.28412844

>>28412659
>1 post by this ID
Come at me bro

>> No.28413035

>>28409089
this, but wait for the pump

>> No.28413136

>>28413035
WHEN THO

>> No.28413186
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28413186

>>28405622
modest revision, wedgie remains intact

>> No.28413551

>>28413136
dunno

https://cryptonews.com/news/litecoin-mimblewimble-code-might-be-ready-early-2021-9103.htm

>> No.28413678

>>28413136
Patience. Tuesday may have been a false flag but we're way ahead of schedule. Ig was at 150s-160s. We'll be above $200 before March guaranteed.

>> No.28413765

>>28413551
March 15th. It was announced already.

>> No.28414225

>>28405622
Redraw this into a falling wedge now.

>> No.28414973

>>28395221
Same here my friend, i just thoughtlessly throw whatever spare cash I have into this for months now and I know that we'll both make it.

>> No.28415851

>>28409089
Where should we go then? Into BTC?

>> No.28416107

>>28415851
ETH and BTC

>> No.28416260

>>28415851
>>28416107
at least long term
you can also go for shitcoins shilled here.
but diversify

>> No.28416307

>>28398820
ngmi boomer

>> No.28416721
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28416721

>> No.28416789
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28416789

>>28394461
Im just waiting silently, hoping someone is gonna buy my bags. Dont wanna jinx it, my dude

>> No.28416894

>>28416721
it will pump hard and die off in a matter of months

>> No.28416896
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28416896

>>28413765
Normies don't give a shit about niggerwimble. It isn't as catchy as "Papa elon buy Doge" or "Tesla buy Bitcoin" meme

>> No.28416956

>>28416260
But if the bubble pops won't all the altcoins crash altogether harder than BTC like it was 2018?

>> No.28416999

>>28416896
but its at least some news on this coin

>> No.28417190

absolutely can not wait for the poomp, I will pay a nasty fat bitch to shit blood in my mouth with my gainz

>> No.28417301
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28417301

>>28413186
still positively biased after jumping the bear trap at green triangle

>>28414225
more likely an upside trend continuation

>> No.28417302

>>28416260
>>28416956
Yeah, I've been thinking about it myself. Wouldn't it be best to cash out in fiat, wait for BTC to dip more and just buy more BTC?

>> No.28417362

>>28409089
>as soon as LTC pumps to 600$-1000$
When the fuck would that be?

>> No.28417633

>>28417362
Next 2 cycles

>> No.28417824

>>28417302
Maybe... but it may take some time until the real dip... if we rememer 2018 bitcoin was in a state of decline after the crash in which it moved further downwards until stabilizing itsself... during that timespan some dollar value gets is lost in inflation... but it may be irrelevant anyway

>> No.28417839

>>28416999
The last time it mooned to ath (in sats) it was because of LTC-Cash hard fork

>> No.28418122

>>28393560
31 here since before 2017 bull run.

Am I gna make it?

>> No.28419094
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28419094

>>28403960
Just look at the record volume with no real movement in the satoshi price. We know for a fact that institutions are buying massive bags, and no one is dumping at these prices. It's going to slingshot like crazy, probably within the next month or three.

>> No.28419207
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28419207

>>28419094
shit wrong image, that one isn't up to date

>> No.28419312

>>28419094
Yes, supply shock will come at a certain point, and it will be very aggressive uptrends when it does. Grayscale is holding nearly 2 percent of all ltc and acquiring more daily. If you sell now you might as well just send them your ltc. Get in the 84 LTC club for the love of god if you missed out on the 21 BTC club.

>> No.28419432

>>28419207
grayscale scooping up LTC like crazy and at ridiculous premiums compared to everything else....indicative of a high LTC price? we'll have to wait and see...

>> No.28419553
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28419553

>>28419312

>> No.28419773

>>28417839
Point is the run on crypto is way larger this time with the money involved. If people think that LTC is undervalued, it will moon. One reason could be that you can already buy with LTC in many different places.
The only reason Bitcoin is popular is because it was first. LTC was in here long term it could mean that people want to stick with it for some more time. the Litecoin / Bitcoin chart has been declining for years, but always pumped if there was a bullrun. LTC can die, but within the next few months it will probably pump. That doesnt necessarily imply that it will perform better than other cryptos, but profit is profit. It's been crabbing for too long.

>> No.28420710

>>28418122
No, 5000 LTC at the very least to make it. Otherwise, try your luck with defi coins.

>> No.28420976

Litebros - tell me why I should switch from Doge stock to Lite stock

>> No.28421050

>>28419312
>Get in the 84 LTC club for the love of god if you missed out on the 21 BTC club.
It's very frustrating, because to fund that I'd need to risk 0.32 out of my 0.42 BTC stack.

>> No.28421265

>>28420976
doge already had its 10x. It might do another 2x from here, but it also might just crash back down as the hype dies. Litecoin hasn't had its turn yet so it's a much safer bet.

>> No.28421695

Tell me why I should spend £1000 on litecoin rather than bitcoin?

>> No.28421981

>>28420976
DOGE is based on Litecoin, same proof-of-work
But there are only 84 million Litecoin vs 120 billion DOGE

>> No.28421986

>>28417824
I know inflation is out of control but I'm not sure if it'd outpace the crashing BTC.

>> No.28422307

>>28421695
Historically, it's undervalued compared to BTC. See LTC-BTC charts on coingecko. Obviously, BTC is a surer bet long-term but LTC has more upside potential for this cycle atm.

>> No.28422558
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28422558

>>28421695
lower market cap means it takes less money to increase value = possible higher volatility (up or down)
and as anon >>28422307 pointed out, LTC-BTC chart didnt show a rise in the ratio (yellow line) for this run yet.

>> No.28422859

>>28421695
Because you have been told

>> No.28422984

>>28422558
correction: not ratio, but price in BTC

>> No.28423191

>>28421695
because you can either buy something that already pumped or get in early on LTC
also LTC might not truly pump for another month for all we know so unless you're patient this trade is not for you

>> No.28423382

fresh news
https://ambcrypto.com/bitfinex-launches-perpetual-contracts-for-litecoin-bitcoin-and-polkadot-bitcoin/
you can now speculate on the LTCBTC pair

>> No.28423487
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28423487

>>28421695

>> No.28423514

>>28423382
Paper trading is horrible for the asset

>> No.28423751

>>28423514
I don't know, DOGE pumped after it was introduced to Binance Futures