/biz/ - Business & Finance

[Anonymous No.50582251]

I'm not understanding why people don't seem to want to speculate on pic related or any other POW coin for that matter. BTC isn't going away so it doesn't make sense that coins like LTC and XMR aren't moving up on value despite serving similar functions to BTC, actual payment adoption, and like a decade of uptime.
>inb4 no one uses it
False. LTC is a fucking popular payment coin.
>inb4 no development
False. They just enabled privacy features
>inb4 it just does what Bitcoin does
Yeah and Solana, Cardano, Polkadot and all those other shitters do the same thing Ethereum does but with no fucking adoption and that doesn't stop people from speculating on them to ridiculous valuations.

[Anonymous No.50582278]

Ad bot threads are not computed

[Anonymous No.50582296]

I don't buy high inflation PoS projects even if they potentially could yield higher return. I've given up. I only dca into btc and ltc.

[Anonymous No.50582389]

>>50582296
based
those are REAL coins.

[Anonymous No.50582650]

You guys are retarded. and whoever was forced by lost bet to shill this garbage to some number. you're going to be posting for the rest of your life

[Anonymous No.50582722]

>>50582251
>2022
>ltc
kms

[Anonymous No.50583122]

>>50582251
> LTC is a fucking popular payment coin.
This is your answer. There’s no money in the payment use case.

[Anonymous No.50583159]

>>50582251
Now that's a coin!

[Anonymous No.50583370]

>>50582251
going to pick up another 35 soon

[Anonymous No.50583501]

>>50582251
The real value comes with the network itself, which unfortunately, the asset class isn't mature enough for most to come to that realization yet. There could be a mild SHTF scenario, an armageddon bear market, or a cascade of doomsday regulation enacted world wide and it would still never go down along side Bitcoin. You could build whatever you needed on the Litecoin network or just rely on it as an essential payment vehicle without worrying about, "is this shit still going to be around tomorrow." That's not something people ask when using Litecoin because there is no realm of possibility for it to fail.

[Anonymous No.50583833]

>mah digitul silvur

can anyone explain the mentality behind being an LTC bagholder?

[Anonymous No.50584367]

>>50582251
I love litecoin but it's being monkey hammered by bot traders

[Anonymous No.50584427]

i love my 90 stack and when it drops to 38 ill be buying 50 more :3

[Anonymous No.50584437]

>>50582296
You're so fucking retarded that you don't even know that most PoS coins are hard-capped and Litecoin is the one which inflates

Pathetic LTC shill

[Anonymous No.50584440]

>>50582251
this sort of retard logic about crypto 'value' proves to me that we're heading to sub 10k and i'm not even a bear

[[e-mail] No.50584441]

What is the verdict with this bullshit on my foot? Is that a new implant or is that where my collapsed arch made the mutilated bone stick out which I somehow never noticed?

[Anonymous No.50584593]

>>50582251
>lost value vs LINK, ETH, and BTC since inception

[Anonymous No.50584635]

>>50584437
>PoS coins are hard-capped
>Litecoin is the one which inflates
The supply limit of LTC is fixed to 84 millions.
Here is the exact line in the source code:
https://github.com/litecoin-project/litecoin/blob/master/src/amount.h#L25

[Anonymous No.50584752]

>>50582251
1. As regulations are solidified, mining activity will dramatically increase.
2. Competition, therefore, will increase.
3. Miners will seek other PoW networks to capture value.
4. Litecoin, Digibyte, and probably surprisingly to many, Dogecoin will benefit.

Stick to your thesis OP. You are correct, just ahead of the pace the industry has been allowed to develop at.

[Anonymous No.50585243]

Litecoin is going to fucking rip.

Just look at fundamentals. Lots of patience for this one.

[Anonymous No.50585821]

>>50584441
wat

[Anonymous No.50585890]

>>50585243
No change in price since 2014. Terrible if you're a speculator, to excellent if you want to use it as a currency

[Anonymous No.50586382]

>>50582251
>False. They just enabled privacy features
They did not develop MW and it is a feature fundamentally broken.

The article below explains:
>Using only $60/week of AWS spend, I was able to uncover the exact addresses of senders and recipients for 96% Grin transactions in real time.
>The problem is inherent to Mimblewimble, and I don’t believe there’s a way to fix it.
https://scribe.rip/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52

[Anonymous No.50587065]

>>50582251
Monero has literally outperformed the market since the start of the bear. Normies will start to notice eventually.

[Anonymous No.50587280]

Litecoin is dead. Even Charlie Lee abandoned owning it four years ago.

[Anonymous No.50587339]

>>50582251
Because BTC is the layer 1 already established for its niche. That particular L1 dominance has already been established. The L1 war for a smart contract platform is still very much in flux. You're not understanding some critical macro considerations of the market.

[Anonymous No.50587599]

>>50582296
Same everything else just is too risky or sounds too good to be true litecoin is time tested and does everything a crypto needs to do. Why would I buy anything else? My dca is 10 ltc and .05 btc a month

[Anonymous No.50588010]

>>50585890
It's a good thing that it went down so much, makes it easy for us to get a 10x when it goes back to ATH

[Anonymous No.50588219]

>>50587339
I understand your point, but why is there little value in being able to do what the established L1 is doing faster and more cheaply?

[Anonymous No.50588247]

>>50582251
>PUMP MY BAGS YOU BASTERDS

[Anonymous No.50589440]

>>50587280
Bot reply not accepted

[Anonymous No.50589514]

>>50582251
What is there to speculate about litecoin and btc? They are electricity guzzling old-tech ready to be phased out. Sure there are always some people who wish to trade them for their volatility but that's about it. There are no new developments nor will there be any

[Anonymous No.50589549]

>>50589514
Obamasonicshiba Inu is the future

[Anonymous No.50589559]

>>50582251


ltc hivemind

>>50589524

[Anonymous No.50589617]

>>50589549
I trade btc and ltc, but that's it. They aren't really the future. Think about it: digital currency that you need to "mine" with gpu's... doesn't sound like the future to me...

[Anonymous No.50589879]

>>50589514
Neither is going anywhere. Sure there is other tech that does cool stuff, but BTC and by association LTC are here to stay and have a bright future.

PoW ain't going anywhere despite your Greta style logic.

[Anonymous No.50589975]

>>50582251
Because it is money

>>50583122
This
Money isn't a great 'store' of value, it only should be "good", to the extent that it roughly holds its value between receiving it and spending it. Modest inflation is thus good, because it encourages spending ON PRODUCTIVE THINGS, rather than squatting for scraps.

Strongly deflationary money is awful, because it makes utterly non-productive assets more 'valuable' than the goods or services that DO or BENEFIT people. Likewise, those goods and services don't emerge and it's a race to the bottom.

To this effect, currently, both LTC and XMR are fit for purpose. They provide liquidity for transfer between entities, quickly, at low fees, and being less volatile than other cryptos (they're still presently awful for 'money') roughly hold their value during the exchange.

[Anonymous No.50590210]

>>50589975
BTC, like LTC and XMR, provides no utility beyond a transaction medium. However, BTC by comparison is a fucking dog shit garbage transaction medium.
That it keeps pumping cyclically means there's some sort of value in this crypto space yet untapped. ETH demonstrates it - but ETH is also dog shit garbage.

BTC amusingly enough can save itself by imitating BSV. LTC can also follow the same route. But all three, (BTC, LTC, and ETH) are likely to fall into irrelevance because A) BSV is already way ahead of BTC/LTC, B) Chia is the same. For LTC and BTC to play catch up now, removing block limit sizes, etc, is too little too late. Falling back to becoming 'protocols' means they still need developers building on their protocol.

To that effect, Where ETH seems strong, it's tripping over itself to be function for smart contracts/vm little different than BTC is tripping over itself to be a functional global payment/remittance network. The problem with ETH is it isn't deliberately knee capped. The state based VM is linear, and likewise can not scale. It is forever dog shit. Increasing complexity in sharding are only going to multiply problems exponentially, and look how long it took for POS to realistically appear plausible - and the merge still hasn't happened.

Other protocols, aiming to do the same thing as ETH, having learned from ETH, will do it better, faster, and easier, hitting the ground running without dragging itself through the mud to solve problems they don't need to. Maybe it already exists.

XMR? Long run it may have problems with diminishing rate of inflation, but we'll see. Right now, it's money. Good money. Use it to move value between useful/productive assets, and obscure value/exchange of value from usless/counter-productive bureaucrats. That is all.