$1000 Litecoin!!!
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I fear that litecoin might be what bitcoin was back in 2011 and that I will miss the boat big time by not buying some now
However I also struggle with putting any faith whatsoever into any of these altcoins because they all just look like pump and dump schemes
HELP
However I also struggle with putting any faith whatsoever into any of these altcoins because they all just look like pump and dump schemes
HELP
Well you should never invest anything you're not willing to lose, also from the $1,000 bitcoin thread:
If you want high ROI go for altcoins, if you want safety stuff the money under your mattress.
Used to be like 4. A few months ago.
So its the poormans bitcoin that'll do the same dance hopefully.
You didn't have to open this thread dear chap. It was all in good jest ffs!
However, now that I know it irks you somewhat, I'll post what I was going to post a few minutes ago:
Fuck - this wasn't supposed to be a serious thread chaps... but since we're there:
Some have said that cryptocurrency will be the end of the dollar as a "world" currency?
In your opinion, is this a realistic prediction or misguided premature judgement?
It's an addiction to read LukeP spew about how bitcoin is going to cure cancer and end world peace. It's better than heroin.
Litecoin's growth is outrageous. 400% in a little over 24 hours. That screams "bubble" to me. But watch it just continue to multiply to 4000% by next weekend and we can all kill ourselves again for not buying enough earlier.
(O_o)
H̨̼̩͐̑͆̀̚&
Even if I just wanted to make a buck speculating, I ain't touching litecoin because there are no fundamentals driving it.
Bitcoin has all the reason in the world to keep shooting up for years until it is the global reserve currency; but litecoin? It's a spare-parts pool... A developer's testing environment that no one wants to take as money at their businesses. Nothing at all that is driving bitcoin's price up is also driving litecoin's price up, outside of a few random guesses.
On the other hand, whatever is driving up its' price may be some kind of link or tether to bitcoin's price... It's not pure tulip mania either, but that doesn't mean it can't crash back down to a dollar again.
Bitcoin has all the reason in the world to keep shooting up for years until it is the global reserve currency; but litecoin? It's a spare-parts pool... A developer's testing environment that no one wants to take as money at their businesses. Nothing at all that is driving bitcoin's price up is also driving litecoin's price up, outside of a few random guesses.
On the other hand, whatever is driving up its' price may be some kind of link or tether to bitcoin's price... It's not pure tulip mania either, but that doesn't mean it can't crash back down to a dollar again.
I think it's people panic-buying. They see how big bitcoin is and they want to quickly jump into litecoin incase it ends up hitting 1k as well. x4 growth in a day is too ridiculous for me though so I'm not buying any, although I am thinking about picking up another 10k of bitcoin tonight just so I can say I bought it at exactly $1000.
Thats the point where you fail.
Cryptos are from nature a a financial share not a money.
Why?
Because you can't do to them what people claim is the difference: You can't make more of them out of nothing.
You can't make BTC just by write down a number to whatever.
But exactly that is what a share differs from modern money we need for our economy model.
If that would change the question is not "crypto or fiat".
Because we lose then the economic model for both (whatever model we use them).
As long as you did not understood that BTC is a share and not something like money you will not understood how the crypto market works.
You can do btw with every share the same as with BTC - just to give you a hint.
Take a apple share, part it and use it to sell or buy things. It will work in exactly the same way as BTC does. They are nearly 100% identical in their nature. Both have a unqiue identification and both get their value out of the real economy in the way that they are worth what people believe and able to pay for it in "real" money.
To believe that their is a difference between BTC and LTC is nonsense.
How can it? they are both calculated "mathematical numbers".
BTC is used as payment? AND? It costs you how much lines of code to add to any system using BTC in the same way LTC?
It even does not matter it happens or not. Perhaps LTC will never used in the same way as BTC.
Thats not the point. The point is: Everyone can - when wanted. Without any problem. That is enough to equal both.
And thats is the real important point.
And the proof that i am right is that my model of cryptos works for me.
I made profit. Is there a better proof of concept?
