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/biz/ - Business & Finance

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25074660 No.25074660 [Reply] [Original]

*quietly primes for a 2x*

>> No.25074717
File: 744 KB, 866x764, ltc.png [View same] [iqdb] [saucenao] [google]
25074717

sitting on 250 of these bad boys

>> No.25074738

50 wish i had more

>> No.25074753
File: 2.61 MB, 400x650, 1560348263508.gif [View same] [iqdb] [saucenao] [google]
25074753

>>25074660
Dangerously based.

>> No.25074778

bought at 100, sold at 119 a few days ago. Yesterday I bought at 104 and I'm hoping for a new ath.

>> No.25074794
File: 77 KB, 785x799, file.png [View same] [iqdb] [saucenao] [google]
25074794

LTC/BTC here, get in while you can faggots

>> No.25074815

why is this up 45% in the last 7days?

>> No.25074837

>>25074794
this and xmr are great plays right now

>> No.25074846

>>25074794
TA noob here, whats does the chart mean?

>> No.25074855

>>25074660
I’m in this fucking camp. We need a boomercoin general.

>> No.25074854

>>25074815
institutions buy btc and they also get eth and ltc

>> No.25074868

>>25074794
0.03 waiting room.

>> No.25074888

>>25074846
>Moon.
>Soon.

>> No.25074899

>>25074815
Its going to be accepted everywhere PayPal is in January and MimbleWimble means its private... on top of its amazing fundamentals, volume, infrastructure aka atm acceptance etc. Partnerships with UFC, list goes on.

>> No.25074909

>>25074815
People who don't know about the lightning network. This shitcoin is going to zero.

>> No.25075013

>>25074909
>shitcoin
>around for nine years with ups and downs, steadily growing

>> No.25075023

>>25074909
Nobody uses bitcoin as a form of payment. LTC is simply the cheaper option for retail investors.

People are turned off by a $23,000 coin.

>> No.25075043
File: 121 KB, 1024x693, chad-chicago-aryan.jpg [View same] [iqdb] [saucenao] [google]
25075043

>>25074909
I use crypto. I buy things with crypto. I use a crypto thats convenient and cheap.

I know about crypto, Ive been here for years now, Ive picked up a lot of information. Lightning Network is dangerous, funds can be lost, its confusing, its dumb. Its not going to fix the problem which is that BTC does 7 TPS. Your shitcoin is going to zero.

All those ATMs, literally every Bitcoin ATM - has Litecoin. Some have BCH, some have Eth or DASH even.. but they *all* have Litecoin, save maybe 1%. When your shitcoin cant process the transactions, everyones switching to Litecoin. What was 5 billion to Bitcoins 100 billion will go to 100 billion, and then it will 100x. Youre going to kill yourself, but at least you will make 2-3x gains on BTCs current price before that happens. Lightning network he says, HA. Funny shit.

Pic unrelated.

>> No.25075120

>>25074909
oh great its the fucking maxi that's been spamming this in every thread. Look faggot, lightning network isn't going to do SHIT to bitcoin's mcap. The big money in bitcoin right now (not you), don't give A FUCK about lightning network. Literally nobody buying bitcoin right now gives a fuck about lightning network. Neck yourself.

>> No.25075123

>>25075043
I get what you are saying but everything follows bitcoin. The only reason litecoin has been pumping is because its the cheaper option to btc.

I agree that btc dominance is dumb but that's the way people are.

>> No.25075186

>>25075123
>The only reason litecoin has been pumping
That statements already braindead wrong on its face and youre investing emotionally. Its better, thats why its going up. Its not only better, its the best better one. Its the coin in position to flip BTC. Eth isnt even a currency coin, Cripple is a security and were not buying stocks, banker coin, regulation coin, never going to be used by everyday people. BCH, LTC, DASH. Those are the real future potential #1s. You should look up how pyramid schemes fail, Bitcoin to a million is beyond a joke. Its just sad. You make me sad, I pity you.

Enjoy making literally thousands of dollars.

>> No.25075277

>>25075186
I'm invested in litecoin and cash but not in btc so cool the hostility.

I'd agree with you that btc dominance is dominance is dumb so far bitcoin has been the leader. When btc crashes everything else crashes and that's a long term behavior of the crypto market.

As for payments that's good but a stable coin is better used for payments.

>> No.25075281

>>25075186
>Its the coin in position to flip BTC
Ok I like and hold litecoin but let's not get deluded here. It would probably be along side Bitcoin. I don't think any coins can flip btc.

>> No.25075315

>>25075277
What happens when BTC doesnt crash, it merely gets outpaced and replaced - DURING a rally. Thats not guaranteed but its easily a potential. BTC is not surviving the next rally, it might survive this one, its not surviving 20k bottom 200k top and shooting for a million. Thats when it becomes painfully obvious to all the normie holders OH WAIT IT CAN ONLY DO 7 TRANSACTIONS A SECOND

>> No.25075336

>>25075281
Youre thinking about this wrong. You need to start thinking in terms of "I dont think 7 transactions per second is enough for a billion people let alone 100 million.. what does more, and shares first to market advantage - oh wait, that coin in literally all the ATMs with Bitcoin."

Thats Litecoin.

>> No.25075363

>>25075281
The only way btc gets flipped is if 1) a less speculative coin is created and rises, 2) Ethereum finally puts a hard cap on its supply, 3) btc is somehow 51% attacked successfully

>> No.25075374

Like you guys know BCH was only created *because* professional people recognized BTC had a problem and the "solutions" being proposed were bandaids doomed to fail *cough lightning cough*. BCH does 60, LTC 56. LTC has more first to market advantage, and soon privacy. This makes LTC #1.

>> No.25075405

>>25075363
Or the mempool fills up, people cant send their money when they need to and they say holy fuck what actually *works* and doesnt cost 20$ to send.

>> No.25075453

>>25075405
>>25075363
...and again, this could all happen during a rally. Its most likely to occur during a rally, when BTC has all time high usage, when its the most bogged down its ever been... itl come on instantly, suddenly everyone will be talking about how BTC doesnt work. Thats when they will say not "Im getting out of crypto, dump dump!" but "Whats better?"

The better goes up, BTC stagnates and declines. Its value is transferred to an alt, rapidly. Chances are its like a dam bursting, everyone rushes into other things - not dollars.

>> No.25075478

>>25075405
Again I don't think most crypto investors are here to send money.

Most are here because of speculation unfortunately and its really sad because that's not btc was designed for.

The store of value argument is bunk as well because my gold has never dropped in value by 90%.

>> No.25075505

This thread is fucking hilarious. Litecoiners and BCHers going full euphoric. Saving this html to my meme folder and cracking it open like a Cadbury Egg after the correction.

>> No.25075522

>>25075478
What do you think they speculate on.. fundamentals are what they look at. If the product doesnt work, its a bad investment. If something else works better and stands to poach the usage of the failing coin BTC - thats what they will speculate into. Gee, I wonder why LTC is going up so much:
>>25074815

>> No.25075548

>>25075505
I didnt sell at 140 or 220, Im not selling at 120 either. This is slow and steady growth, cope harder.

>> No.25075584

>>25075120
Check my color and my id. I am not a maxi, faggot. I see the case for ETH/many ERC20's, and XMR. Just because I don't support your poor man's BTC doesn't make me a maxi.

>> No.25075626

>>25074660
I want ZEC to replace LTC.

>> No.25075629

>>25075522
>fundamentals are what they look at
While I agree that fundamentals are the most important I don't think that's what people are really interested in. It's disgusting that people are willing to spend $23000 on a coin when the same coin costs a little over $300.

My only hope is that USDT breaks Bitcoin dominance and that people put their money there during bearish times instead of in an overpriced bitcoin.

>> No.25075755
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25075755

>>25074909
I'm rooting for LN and layer 2 in general, but it sucks and has multiple seemingly unfixable issues

>> No.25075838

>>25074846
I'm a newfag but I think it means the downtrend is about to reverse.
Anyone feel free to correct me, I need to learn charts.

>> No.25076156

>>25074846
the white diagonal has held as support for 3 years and right now price is curling upward as the downtrend its currently in is slowing in momentum.

the RSI purple line shows a higher low when the corresponding LTC/BTC price had a lower low, which also verifies this momentum change and tends to signal that reversal (to the upside in this case) is soon. given that this setup is on a high time frame chart, you should expect the pump to be pretty significant.

theres also fairly good fundamental news lately confluent with the technical analysis looking positive. a 2x seems to be the minimum this could go, so I wouldn't be shocked to see higher

>> No.25076196
File: 296 KB, 452x444, few understand LTC.png [View same] [iqdb] [saucenao] [google]
25076196

>>25074660

let's gooo!

>> No.25076261

>>25074660
based and bought thank you anon

>> No.25076278

>>25074660
What is this a new shitcoin to shill?

>> No.25076286
File: 809 KB, 1638x2048, 1606811858878.jpg [View same] [iqdb] [saucenao] [google]
25076286

>>25075336
>Youre thinking about this wrong. You need to start thinking in terms of "I dont think 7 transactions per second is enough for a billion people let alone 100 million..
Bitcoin has spoiled you to the point you are splitting hairs about transaction times after BTC made them exponentially faster. And if your line of thinking succeeded, which it will not, then LTC would be next on the chopping block. Yeah I get it, you are here for the tech but you don't understand that money doesn't evolve at the same rate tech does.
Lightning and other layer 2 options are well under development. Your altcoin maximalist FUD of them from "years of lurking /biz/ is complete fucking bullshit.
Secondly when people are making a large transaction they will know in advance and sell BTC for a transactional coin or a stablecoin. Maybe this will be LTC sometimes, most likely not given the sheer crowdedness of the space.

>what does more, and shares first to market advantage - oh wait, that coin in literally all the ATMs with Bitcoin."
Those ATMs have usurious fees and no one in the first world uses them because it is kyc and insane fees.

>> No.25076434

>>25074660
Whats the litecoin make it stack for this cycle?

>> No.25076535
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25076535

>>25074660
I bought ltc late bc I'm a novice and it was the cheaper alternative to BTC and ETH. I bought it b/w 50-60 USD and have been holding. that should tell you something, I have nothing to do with the crypto community and it's what I bought, and I'm probably a good representative of the social media/twitter guys that are going to dogpile on at some point that don't know what they are talking about. My question is how long do you think this will take? It already reached a high pretty recently, how long will it hold that? I'm normally in stocks and I can hold for years if I need to but I'd rather just buy stock with that since crypto like to dive and stay down at random hours.

>> No.25076595

>>25075186

Why is Bitcoin cash important one in short? cryptonewb here

>> No.25076611

I think XMR solves the single biggest problem that crypto can solve, but something is necessary for things that don't have to be that private. XMR is confusing to use for normies too.

Dash, BCH and LTC are all fine regular, usable non memecoins. Immigrants use all three to send remittances without getting screwed with money order fees. Dash is my favorite, but I have never seen an ATM without LTC.

>> No.25076766

>>25076156
When you say 2x, do you mean vs. BTC or the USD?

>> No.25076829

>>25076766
vs BTC, which is what I think all altcoins should always be measured by imo. the whole point of holding alts is to outperform bitcoin, otherwise why not just hold bitcoin (the safer asset to hold)

>> No.25076833

One of the more obvious moon missions IMO. I hope you bought anons

>> No.25076918

>>25074660
Who?

>> No.25076976

I'm just going to buy some on Robinhood

>> No.25077053

>>25076976
Do not buy on Robinhood. If you don't hold it, you don't own it.

>> No.25077406

>>25077053
Do you run your own email server? Hal Finney knew there would be third party custodianship at some point in order to scale. That's another reason why alt-transaction coin maximalists are wrong. People will have some BTC held by a BTC bank that will let them spend various currencies against their deposited BTC and will offer instant settlement to the client with on-chain performed later.

>> No.25077462

>>25077053
BTW Robinhood Debit card and CashApp literally make Litecoin obsolete. You can liquidate BTC instantly on either platform and have immediate access to cash on a debit card.

>> No.25077570

>>25077462
litecoin-card.com

dont trigger taxable event until when you actually swipe your card. Not that different than selling to USD and topping up a debit card or keeping the value in USD, but its kinda nice for those who are really into crypto.

>> No.25078412
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25078412

bump

>> No.25078756

>>25077406
>People will have some BTC held by a BTC bank that will let them spend various currencies against their deposited BTC and will offer instant settlement to the client with on-chain performed later.
Yea because thats what crypto is for. Imagine being this delusional, Id rather hold cash not in a bank.

>> No.25078775

>>25078756
>>25077406
Tell you what, banks start doing that shit with the alts I use and Id sell. If I had BTC, Id sell that shit immediately as soon as banks started doing that. Monero it up that that point.

>> No.25078806

>>25078756
>I'm more of a crypto badass than Hal Finney
Ok. Cool. It's already happening. Personally I would only keep a small fraction at such an institution.

>> No.25078810

>>25074794
Shall I long this bad boy right now or bcash?

>> No.25078858

>>25078806
Could you just go back to losing money on XRP please, thanks. Crypto exists to take power away from banks, youre an idiot. People arent just going to buy it and use it because number go up.

>> No.25078901

>>25074815
because it's actually usable as a currency. bitcoin is god damn annoying to use.

>> No.25078938

Whats a good ratio of ETH/LTC/XMR to hold rn

>> No.25079745

>>25074846
Divergence be good

>> No.25080825

LTCgang