/biz/ - Business & Finance

>>58042155

a bitcoin clone huh

I'd rather invest in something original, like a haircomb

>>58042155
BREAKING
>The number of leprosy cases has risen in Florida over the last decade. The state has one of the highest rates of infection in the United States, according to data from 2020.
https://epi.ufl.edu/2023/10/16/leprosy-in-florida-medical-experts-monitoring-unusual-new-cases-of-hansens-disease/#:~:text=The%20number%20of%20leprosy%20cases,more%20rarely%2C%20by%20Mycobacterium%20lepromatosis.

>>58042300
>clone

It is not a clone, it is a symbiont

It latches itself to bitcoin. Bitcoin benefits by having litecoin being the testbed for the bitcoin blockchain, while litecoin benefits by increasing its price.

But Litecoin has remained undervalued by retail for two bullruns, while institutions are already picking up on it, which will force retail to follow suit. Litecoin which has a supply of 4x that of Bitcoin, will then sit at its logical price of 1/4 of bitcoin, that is, $15k to $20k right now

>>58042300
WTF is it with you noobs, Bitcoiners love Litecoin. Litecoin is always a step ahead of Bitcoin. Lightning network first, Segwit first. Now we are at MWEB. We will get drivechains first too. People are sleeping on it, chasing dog tokens on SBF's solana network. I do believe you'll all see in time.

>>58042612

Institutions won't offer dogwifhat to their customers. They will offer litecoin

>>58042155
The only other coin that Michael Saylor believes could be considered a commodity. Not to mention that it's way faster than Bitcoin and notably less pricy to use. People will use it for everyday purposes while stocking up Bitcoin for their retirements.

Idk about it going $10k+ this time around but I agree that this shits about to get funky, long dick style. I'm stocking up.

>>58042155
Trash coin even chariloe lee abandoned it
Buy it and forever bag hold i warned you

>>58042759
what do you recommend instead?

>>58042811
Any meme but this shit coin. And im saying this from experience, its my heaviest bag. Barely can do a 10% in 4 years and cant even hold the pump. Tons if bag holders looking to dump at a moments notice

>>58042940
And there we have it... buy le dog with dick on the solana network...
>>58042759
He's been working on it for 7 years since he sold. He sold because people like you complained about him having a stash lol

>>58042697
yeah me too

>>58042940
Shitcoins only for for a few people - mainly the devs and their friends. Shitcoin casino won't get you far in life unless you are really lucky, might as well try the roulette in vegas then

>>58042155
LTC is actually my favorite coin. The crypto that actually convinced me to first enter this space. It's the standard for anyone who plans on actually using crypto for its intended purpose rather than just speculating. It also has the fundamentals to get an ETF over ETH.

>>58042612
>first with this
>first with that
anon... thats usually referred to as a testnet. a bitcoin testnet.

that does not mean it will not pump like a retard and then dump because its a fucking testnet and a cheap way to pay with crypto.
it has more fungibility than bitcoin because no one wants to sell btc and the fees are too high to do anything with it.
thats where litecoin can pick up some of the slack

>>58044159
There's an actual testnet on BTC though. Litecoin is the one that gets all the cool shit BTC doesn't. Is there value in a version of Bitcoin that gets all the cool shit and works flawlessly? I'd think so. Is it worth more than some fucking ethereum dog token with over double its market cap? To me it is. As long as shib is valued more than Litecoin, why not load up?

>>58042155
Ive doubled my holdings of LTC since looking into it. It’s actually the most used crypto even more than bitcoin. It is due for explosive growth near term .

>>58044133
seems grayscale already trying to make an ETF for litecoin

>>58044543
Yeah and unlike the proof of stake premines, this one should be a sure thing. They can't possibly deny a litecoin ETF if they allow a bitcoin one. It's basically the same thing

>>58044469

I think if litecoin does a slight explosion, it will do a huge one and follow more closely bitcoin's own path.

However that requires that initial explosion to happen. The coin has been crabbing for years, even though there is a lot of pro sentiment for it and it has been around since forever.

For it to explode it will need either us retail focusing more on it instead of shitcoins, or institutions buying it and making it go up so much retail is forced to buy as well whether they like or not

>>58044563
This is pretty much what I think. It'll do what doge did in 2021. There will be a huge 10x, then everyone will be like "woah, this is crazy" sell all there LTC then it'll 30x from there.

>>58044563
>>58044597
>8 years later
>btc bottoms at 75k
>ltc still 90$
>Muhhh technology

pic rel is literally me right now

>>58044733

>Bitcoin bottoms

ughhhguh I just got a surge of my sage powers along with a vision of the future as I was reading this. There was much error in this statement anon, I understand it clearly now, allow me to uncloud you're judgement anon

Bitcoin will NEVER bottom, it will only go up as history flows forward: because it has historical value.

Bitcoin along with blockchain was a brand new intention that revolutionized both computers and fiance. It has immense historical value coupled with scarcity: There will never be new bitcoins, and people will permanently lose bitcoins as time passes.

This causes bitcoin to always go up in price, the same way ancient coins and ancient greek vases go up in price: historical value + scarcity.

>>58044823
why is the penis coming out of his side

>>58044733
If doge can do it, Litecoin can do it.

>>58042155
I believe you. There's truly only a few real "cryptocurrencies" and Litecoin is one of them. I think exchanges are also running out of Bitcoin now that the big investors are buying it up, and other investors who feel like they missed it will want a coin "like Bitcoin." IT'S L I T E C O I N.

>>58045363
ETFs remove unit bias, "it's like BTC but cheap because people don't want it" isn't a strong sales pitch

litecoin "should" be the next ETF. that's the sole bull case, and a yuge one.
but in clown world they'll prob grant ETF to pre-mined centralized proof of stake coins.

>>58045708
>"it's like BTC but cheap because people don't want it"
What are you talking about nobody wants it? It's the most used coin for payments. There so many more "sales pitches" for Litecoin if you do some real research on Litecoin. Theres not many coins that fit the description of "cryptocurrency." I'm saying if exchanges run out of Bitcoin or if BTC gets too expensive people are going to want a coin "like Bitcoin" and it's Litecoin.

>>58042155
Test

I'm putting the entirety of my paychecks into Litecoin until Blackrocks ETF is approved

>>58045801
>most used coin for payments
So zero net demand? Medium of Exchange is a trivial usecase, see: fiat value over time

>>58045888
that is unironically one of my favourite albums ever

>>58045978
I actually haven't listened yet. I've watched pain though. Can you actually get physical albums or is this bootleged?

There is not even a LTC spot ETF pending. Prove me wrong. Protip: you can't.

>>58045966
>see: fiat value over time
Are you trolling me, or arguing in bad faith, or do you actually not understand how currencies work? On /biz/ of all places.

>>58045994
Charlie has confirmed to be working "on it" but that's it at the moment.

>>58045883

Intredasting

>>58045994
There is a strong case for why there will be if there isn't one already, and it only costs $100 now. That is the point. If you buy only after it pulls an ETH already it´s ogre

>>58042155
checked op actually delivered

we all know LTC will go up eventually, but a bullcycle around ltc halvening creating 2 bull cycles (BTC and LTC)

this wasnt never figured into my calculations, op you convinces me to pick up more LTC (i already have a fat stack)

god speed

>>58046005
Fiat proves that transactional use is irrelevant, as their price tracks supply

>>58046144
You mean the fiat they can infinitely print?

>>58046144
Google what is money and currency. Start with Mike Maloney's hidden secrets of money on youtube episode 9 and 10.

>>58045988
ye you can get physical cds, i think theres some 2nd hand copies available on amazon. probably better sites around for this type of thing though

>>58042155
i bought some litecoins today.. will i regret it?

Will the liteknights finally make a comeback?

>>58046206

Only if nobody else buys it anon. It could very well crab for another 5 years

It just doesn't make a lot of sense if it doesn't blow up. But sense doesn't mean as much as fomo. There is a good chance institutions will cause litecoin to go up where retail only chased dogcoins for years now

>$15000
i'm all for litecoin but these ridiculous price estimates will just turn people away. 800-1k max this bull.

>>58046144
Then maybe read a book on Bitcoin, follow some Bitcoin shills on twatter to understand Bitcoin philosophy and economics. Watch some George Gammon videos on youtube maybe. Look into history of banking and finance. Maybe look into some michael saylor interviews.

>>58046177
You are dull. Google "no second best" and kill yourself

>>58046206
>will i regret it?
Yes.

>>58046295
You don't understand how currency works. if people are spending it or saving in it there is faith, confidence, and DEMAND. Fiat is losing all that, which is why bitcoin and other currency coins are gaining so much against it. I gave you so much insight and you continue to be a dumb nigger.

>>58046308
fucking hell sirs.

>>58046399
do not redeem

>>58046518
i already want to sell again and take a small loss. i bought at 86 and now its 85

>>58046206
>>58046399
i warned you. you will buy anothe rmonero
>so many people use it!
>which is exactly why the price is stable
they swap their btc for ltc, send ltc then swap back

>>58046592
i usually don't swap LTC back bro. I swap into LTC then pay a vendor. i guess the vendor instant sells back to usd/usdt tho.

>>58046586
it will never go up again it will be stuck crabbing like it has for years and years because its a stable currency

>>58046354
You are dull. If transactional use mattered than fiat wouldn't be in freefall, would it? Median of Exchange use does not increase net demand, simple as

>>58046586
kek

You should own some fundamental alts, shitcoins go to zero, meanwhile real projects keep going up. Litecoin may not go up, it also has reason to explode

Make sure whatever coins you own, you won't have regret whether they go either way

good thread, I'm in
always hoped LTC would get the recognition deserves

My cost basis is $75 so as long as its above that I'm happy. Which it should remain for the forseeable future

>>58046768
It's losing purchasing value for many reasons that accumulate to the loss of faith, confidence and demand which is the main reason. Which is why useful goods and foods continue inflating, Bitcoin continues to run up against it as the months and years go by. The reason fiat hasn't fully hyper-inflated yet is because there's still demand for it obviously as everyone was born into using fiat. Just swallow your pride and watch those videos and sources I linked you. You'll learn more in Mike Maloney's two videos than your whole life that you spent in school.

>>58047127
Lol it's going to go below that this week when bitcoin does another leg down

>>58047579

>>58042155

Deluded and clueless cunt. Litecoin will never pump to those levels. You'll be lucky to get 4 digits by 2030.