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/biz/ - Business & Finance

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49567645 No.49567645 [Reply] [Original]

Litecoin is now back at 2019 prices. Litecoin is similar to Bitcoin in that it has:
1. A limited supply
2. A long history of being a secure, reliable chain
3. “Halvening” cycles


Yet Litecoin consistently falls through its previous all time highs and bottoms from previous cycles. All models work until they don’t. All of Bitcoin’s models starting breaking the second people found out about them, the idea that “Bitcoin only ever goes up long term” and “Bitcoin never goes below a previous cycle’s high” will be destroyed soon. Bitcoin became a crowded trade in 2021 with every complete retard on earth insisting it would only ever go up. Now it’s over.

>> No.49568127
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49568127

>>49567645
just bought 52 ltc

>> No.49568201

>>49567645
You are a stupid nigger incel

Bitcoin was the first, it'll never truly go away

>> No.49568219

>>49567645
listen I'll be the first to say bitcoin is king shitcoin, it literally has no utility
but lets not pretend btc going below its past all time high will prevent it from making new ath in the future, its a brand name and even institutions want it now

>> No.49568300

>>49568201
>Bitcoin was the first, it'll never truly go away
Since when in history has the first in market remained dominant in market forever?

>> No.49568342

>>49568219
Wrong. You don’t understand that if “cycle theory” breaks so do all of the assurances people have about Bitcoin’s long term future. Bitcoin is valuable to investors because Bitcoin’s price has always appreciated in the long term, that’s it, if it doesn’t do that then investors have absolutely no way of developing a model to fairly price it because it doesn’t do anything, there are no dividends, there’s nothing.

If that one assurance (Bitcoin will always go up in the long term and never go below previous highs) goes away, then Bitcoin has basically no value to investors as there’s absolutely no way to tell whether you are getting a good deal on it. That’s why idiots like Saylor think any price is a good price to buy at, because he believes in Bitcoin going up in perpetuity.

>> No.49568462
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49568462

>>49568127
>>49568127
>>49568127

>> No.49568485

Fully private now as well.

>> No.49568560

>>49568300
>What's gold?
I can't believe people like you exist. How can you be so stupid?

>> No.49568582

>>49568201
>Bitcoin was the first, it'll never truly go away

Neither did tulips

>> No.49568604

>>49567645
actually not a meme investment rn
LITEBROS WE'RE BACK

>> No.49569108
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49569108

>>49568560
so why don't you go down to your local McD's and see if they take gold dust for their dollar menu?

>> No.49569366
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49569366

>>49567645
LITECOIN IS BELOW 2013 PRICES NEWFAG
https://coinmarketcap.com/historical/20131128/