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58368374 No.58368374 [Reply] [Original]

It’s time will come, many mentions here of it being the next ETF but it’s way ‘underpriced’ given it’s utility. Check this POW chart out for active addresses.

https://bitinfocharts.com/comparison/activeaddresses-btc-doge-ltc-bch.html#3m

LTC has 36% of BTC trading addresses
LTC has 670% more than DOGE
LTC has 864% more than BCH

Given these metrics LTC mkt cap should be
Vs BTC $500b
Vs DOGE $189b
Vs BCH $103b

And yet it’s at $7.2b, so to get into a fair place given this value metric vs BTC/DOGE you’re looking perhaps at a 30-70x making a LTC worth $6,790

Add to this that in places like Bitpay LTC is the most used for transactions with nearly double the amount spent than BTC, LTC makes up 40% of transactions https://bitpay.com/stats/ if you took this metric vs the whole crypto space LTC market cap would be $1T making a LTC worth $11,904…

You see predictions online, people drawing charts saying LTC is headed for $6-12k and whilst this seems like madness these are exactly the numbers that the active address (therefore network effect) seem to be pointing to.

I can’t find any other crypto that has better investable metrics and I sit here HODLing my LTC disappointed so far but hoping it’s utility will get it noticed.

>> No.58368528

>>58368374
Give me hope...my LTC stack will make me rich...

>> No.58368583
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58368583

>>58368528
It meets all the criteria for LTC ETF, as a cloned copy of BTC code, same application basically for SEC—and there’s no argument the SEC can make now not to approve it too. There was a tweet from an insider last week saying these same ETF companies are going to push for it. I personally think the SEC is going to deny Ethereum’s ETF (so they can flex their power), but then approve an LTC (and BCH) ETFs to then say they’re being balanced/fair in their decisions.

>> No.58368732

>>58368374
I don't hold Litecoin but I know why it is the "silver of crypto" the safest bet for a X10 this cycle.
I don't know beyond that

>> No.58369459

no reason this shit isn't $1k. grayscale is adding.

LTCN pumped like 10 and its pricing LTC like its $500 already.

>> No.58369463 [DELETED] 
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58369463

>>58368374
lmao litecoin just buy a real memecoin boomer

>> No.58370220

>>58369459
Based

>> No.58371015

Bump

>> No.58371782
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58371782

>>58368374
don't fall for such obvious bait anon, you will lose all your money by believing in things like that. Open your mind, use truflation, do your own research and you will notice the difference.

>> No.58371991

>>58371782
>truflation
Nah

>> No.58372602

>>58368374

I only ha a few litecoins up until recently, I started seeing all of that too OP and bough a shitton

at current bitcoin prices and institutions coming for litecoin, I imagine 8k to 15k is a very fair price for it

This is one of the few times I told family members to buy some as well. Might not go anywhere, but if it explodes to 10k nobody would say it came out of nowhere either, in fact it was all very logical

>> No.58372713

damn maybe I won't sell mine after all

>> No.58372971

>>58372713
>>58372602
How much do you guys have?

>> No.58372981
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58372981

>>58368374
I'm not buying liteshit op, get overe it, I rather gamble my EMVs on eesee, than buying your stupid coin

>> No.58373053

>>58372981
Thanks anon, very cool

>> No.58373097

>>58368374
Should I swap my Doge mining bag into LTC or wait for Doge to super pump then swap later in the bull market?

>> No.58373378

>>58372981
well you should, all banks are armoring themselves with litecoin, they are up to something.

>> No.58373462

hey /biz/ I want to get into litecoin but I don't have any capital. do you guys have any tips on work I could do in exchange for litecoin?

>> No.58373730

>>58368374
Holy fucking based! Lite knight boomer bros, I summon thee!!!!!!!!

>> No.58374958

BCH is better tech because it doesn't have that SegWit trash: https://www.youtube.com/watch?v=VoFb3mcxluY

>> No.58375156

>>58374958
What's the problem with SegWit

>> No.58375193

Man, what the hell should I do? On one hand, I'm so tempted to get myself some litecoins. On the other, shouldn't I just stack sats? I've had this dilemma for weeks. I don't get to a solution

>> No.58375262

>>58375156
It changes the incentives of miners and it makes certain attacks possible. Check the youtube video.

>> No.58375290

>>58375262
what attacks though? LTC is 13 years old, didn't it only ever have little dust attacks? i can't watch a 38min old 2017 video my nigga.

>> No.58376282

>>58375290
Very rough outline:
- Use a variant of selfish mining to entice other miners to stop enforcing SegWit signature validation.
- Once you believe most miners have been convinced to avoid validation, you can spend any SegWit coins to your own addresses and everyone will validate your blocks with the fraudulent txs.

If you want more details, watch the video, it's very concise.

>> No.58376434

>>58375290
>>58375262
>>58376282
>>58374958
>If there's no problem your coins solves, invent one
Kek

>> No.58378582

>>58376434
Do you speak nonretardish?

>> No.58378628
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58378628

>>58368374
i think of it like this
gold costs about 30x that of silver, ltc has 4x the supply of btc+it has far fewer lost keys

so far, this means btc should be worth at least 120x more than ltc, but ltc is sitting at about half of that! i think the fair price for 1 litecoin is about .000125 btc

although the SEC considering it a commodity and the potential ETF are some serious big news, I think we might see 10x the true value and hit as high as .01 per ltc

>> No.58378647

>>58378628
.00125* decimals are hard