[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 704 KB, 1202x767, Screenshot 2023-12-26 165609.png [View same] [iqdb] [saucenao] [google]
57096948 No.57096948 [Reply] [Original]

Why I just went ALL-IN with Litecoin and hodling all the way to the moon($1000-2000). We're about to test a major trendline for the 4th or 5th time. Ratio has double-bottomed and broke a significant trendline today. Content with my bag and don't want to miss out! And for many other reasons below...

>> No.57096972
File: 595 KB, 1205x758, Screenshot 2023-12-26 165813.png [View same] [iqdb] [saucenao] [google]
57096972

Disclaimer: This is just my take, please do you're own research! I'm going all in despite believing there could be a major BTC pullback at any time now. I am always wrong with my trades and I don't want to be wrong anymore! Hodling is the way right now. I just don't want to miss out this time. If there is a major pull back it will be a relatively quick and it'll bounce right back up and headed for a new ATH - imo.

The Psychology of Price:
When BTC becomes legitimized by the world financial powers, the price of Bitcoin will be well above $100K and at these higher price tags per coin, people will be more hesitant to buy an item with such a high price. This is why there are stock splits to bring down the price while retaining market value to lure people back in. We've all seen it happen with Applee, Google, Amazon etc... One can argue that at 42k BTC many people are already saying it's too expensive to buy and they can't split BTC like they do stocks. The market makers will transition it's attention to something else, this is where LTC will be marketed as the silver to Bitcoin's gold.

The search for the next Bitcoin - a cheaper and more usable alternative: Litecoin
Once BTC becomes legitimized and high price draws less investors in, the search for the next Bitcoin will begin. The powers that be will then start to push Litecon into the lime lite.Litecon is often referred to as the "silver to Bitcoin's gold" due to its similarities to Bitcoin. Like Bitcoin, Litecoin operates on a decentralized network using blockchain technology.- It's faster per block generation 2.5 minutes vs about every 10 minutes for Bitcoin- It's much cheaper per transaction.- 4 times the supply at 84 million coins- 100% uptime since inception in 2011, that's 12 years of reliability and dependability on par with Bitcoin- Accessible on pretty much all exchanges and crypto ATM's around the world- The CFTC recognizes Litecoin as digital commodity

>> No.57096980

>>57096948
This chart gave my brain AIDS

>> No.57096984
File: 600 KB, 1205x770, Screenshot 2023-12-26 165859.png [View same] [iqdb] [saucenao] [google]
57096984

see here for more
https://old.reddit.com/r/LitecoinMarkets/comments/18rhu6j/why_i_just_went_allin_with_litecoin_and_hodling/

>> No.57097065
File: 74 KB, 1000x646, litecoin-price-prediction.jpg [View same] [iqdb] [saucenao] [google]
57097065

Its that simple Zoomers

>> No.57097213
File: 77 KB, 880x780, Screenshot 2023-12-26 171236.png [View same] [iqdb] [saucenao] [google]
57097213

Litecoin Trust just pumped for the first time in years. Litecoin is next in line for ETF

>> No.57097324

>>57096948
This is what you see just before you die

>> No.57098245

>>57096972
i also believe this will happen, I have a nice fat 500 stack LTC in cold storage for when this scenario plays out

>> No.57100036

>>57096948
Litecone > $420.69 early 2024

>> No.57100358

>>57096948
i hope so i have 50, seeing it crab from 68-74 is torture

>> No.57100710

Actually starting to move lol

>> No.57100740

>>57097213
This has been my thesis for 3 years. Hoping it pays off.

>> No.57101935

i think 450-460$ in may 2025.
i don't true in 1000$

>> No.57102431
File: 52 KB, 360x481, absolutely disgusting.jpg [View same] [iqdb] [saucenao] [google]
57102431

>>57096972

This reads like a reddit post.