/biz/ - Business & Finance

>>58279976
It's the most obvious play I've seen in forever.

>Boomer coin, zoomers make fun of it because they got into crypto with Doge and only care about memes
>Oldfags hate it because they're still stuck on Charlie Lee selling his stake in 2017 and can't move past it
>/biz/ hates it in general because their dopamine receptors are so fried that they think any coin that doesn't do a 10x in a month is worthless trash
>The all time chart has people look at it and go "Lol, it's never gone up. Don't you know that past performance dictates future action?"

Meanwhile, the hash rate continues to climb steadily, usage continues to climb steadily, and everyone's focused on AI thinking that's the "obvious" play, when everyone and their mother would make that retarded conclusion.

Yeah, LTC is the value play and the rocket to four figures is going to be hilarious.

>>58281331
To add, what the fuck do you think is going to happen when the wider market realizes that the most used crypto only has 4x the supply of BTC? If it had parity with BTC, it should be just under 20k right now. Institutions aren't investing in memes, they're looking at the safe plays that ADHD-riddled traders don't even want to consider, but will still net gigantic profits in the long run. LTC's screaming at them right now and they're probably rubbing their hands constantly while they look at the fundamentals of it.

>>58279976
bump

>>58281441
yeah everything on /biz/ is memecoins or bots and real threads always get slid kek.

>>58281331
This is exactly what I think. It's complete boomer bait, and when they skimthrough the cryptocurrency ETF returns and see LTC at 7b marketcap delivering higher returns than BTC it'll be the obvious next big one. Could be complete cope but my Dad doesn't know shit about crypto but invests and said that he'd heard on national radio about "bitcoin light coins". Name recognition and all, just won't be surprised when it megapumps.

>>58281534
My feeling is that it'll end up setting at around 0.01BTC, after a blow off top from the hype from people fomoing and thinking it'll actually get to .25.

LTC is great for dodging fees, I use it all the time when moving stuff around because the fees are basically nothing compared to BTC and it's also super fast.
I love Litecoin I won't hear a bad word said against it.
Unironically digital silver except it actually pumps.

>>58279976
What's the source on your pic?

>>58279976
>>58281331
Bought btc at 68k and just before it dumped I also bought Satoshisync. I was ready to play the long BTC game but all threads related to LTC have no copium or extrapolation or whatever you guys do make a good argument. I don't know if I fucked up. If btc hits 70k and LTC is still at a good price by then I'll for sure make the switch.

>>58279976
>Kinda starting to believe the play is to take BTC profits and enter the LTC market
My father once told me "If you're thinking something, chances are a lot of people have already had the same thought". In other words yes, the chances of LTC hitting 1k are significantly higher than BTC hitting 700,000. It also has nearly no downside, its support is bedrock solid below 80 its unrealistic that the next bear market bottom is below that or even 100. Even just longing it 2-1, as if you could possibly get liqd on that ever.

>>58281331
It has more usage than BTC itself. Its the #1 used crypto. Youd have to be retarded not to realize what OP did.

>>58281998
do you another pic, closer, no panties?

>>58281998
reminds me of a quieter time at the internet in general

>>58282374
if you wanna see dicks just go to /soc/ bruh

>>58281534
the thing that normies will their hands on crypto inflating the fucking coin then making it crash? that could happen! anything can happen actually

>>58281998
>bought at 68k
>in it for the long game
Lol you better be. Why didn't you buy it when it was 15k though?

LTCN (the leveraged play) had a nice dip today for a buying opportunity

>>58282046
>you must be retarted to not realize what op did
a bad decision? believing in a grandpa coin? stfu faggot

>>58281918
>What's the source on your pic?

mspaint or photoshop

>>58281331
>LTC is the value play and the rocket to four figures is going to be hilarious.

obvious thing to expect
in fact, I'd be surprised if it turns out different

but why is there interest for this thing. its literally something you use to buy gift cards to pay for porn website subscriptions because you are too embarassed to stain your debit card with that shit. whats the hype.

>>58282414
btc to did get those a few days ago, everybody was crying

>>58281998
Your two available hands are LTC and BTC. I'd say you are doing really good anon, don't stress. Slurp and move on when/if you wan to.

>>58281534
>real threads always get slid kek.
>Precious metals and other general threads always hit threshold
not our fault you are only interested in crapto and its scams lol

>>58281331
AI is the obvious play, though.

>>58279976
>>58281331

I realized the same recently and bought 14 of it, previously only had 4

If institutions are coming in, LTC etf is the obvious next. Litecoin reaching 15k at current btc price would be logical.

>>58282431
The hype is that it's the coin doing what crypto was meant to be. BTC's too slow and bloated to actually be used day to day, it's cemented itself as digital gold. LTC has shown itself to be BTC, but with the speed people would expect for transactions, the same PoW algorithm and security, and the same decentralization. It's simple, easy to understand and use, that people don't even think much about it. They just swap to it to buy something or transfer funds. The value comes from it being a prime and simple target for an ETF, boomers and people suddenly realizing how cheap it is based on the mcap, usage, and popularity, and the price correcting to reflect that.

The actual price should be close to 10k per LTC. Not saying it'll actually hit that, but it's going to at the very least 10x from here. It's the safest 10x you could possibly buy I'd say.

>>58281331
>hashrate
It's payout is net negative (less than doge) and was probably before the halving too. Since LTC/Doge does merged mining I'm curious if their hashrate data is skewed, ie adding full merged mining rate to single. It just makes no sense why so many would be mining, and more are joining, when setting up a LTC mining operation is a net negative business venture.
Unless it's gearing up for the pump of a lifetime...

again today?

>>58284385
kek, deegeebee is more profitable than litecoin

>>58279976
i don't really get all the hype on this projects or whatever, they're all just trying to be the same as BTC and shit and at the end of the day they're not even close.

seriously, fuck this, i'm just gonna do something else meanwhile. if any of y'all feel the same, accompany me on my journey through the ether orb's multiple planes

>>58284385
I mine it on an old rig (not just the pool in pic related, also another one. autoswitches whichever is most profitable) for a few months now.

It is worth it when you consider the amount that you mine will be worth 10x the price by the time you sell. It's all spec mining. If you're mining for current prices like BTC it's just retarded because you can't compete against chang and his 100,000 rig of asics

>>58279976
Are the planets aligning for litecoin?
>LTC ETF approved
>Litecoin's volatillity
>Financial crisis pump like in 2013, but x10