Why It's Good To Have Some Litecoin
As further and further we go down the rabbit hole, we begin to have different understandings and create our own ideas on how everything works.
Since 2013, I dove in the Blockchain community and slowly seen how the market operates. I still have much to learn and so far the vision is getting clearer.
What Is Happening In The Market?
Disclaimer: I am not an expert, this is my own analysis from information gathered from the community. You are welcome to provide more correct and accurate information.
With the current rise in price in bitcoin again, we see the entire market of coins also having a rise in market cap. From what I have seen, this is the cause of Brian Armstrong of Coinbase and other's, doing a poll to see which will be the next coin to add to their Coinbase exchange. Currently, Coinbase has bitcoin and ethereum as apart of their market and they basically have the stronghold on the US market as a bitcoin exchange service. Those that are involved in other coin projects are seeing this as an opportunity to be the next coin added to Coinbase.
https://twitter.com/brian_armstrong/status/816866469384306690
It's More Than The Poll
I'm sure many of you know in this community know that Litecoin creator Charlie Lee works for Coinbase. I was listening to a podcast from Whalepool and about the 1 hr mark, you hear Charlie explain about the poll.
The interesting thing is, Charlie's brother is the CEO of BTC China. That is one, if not, the largest bitcoin exchange in China.
http://www.ibtimes.co.uk/even-chinas-crypto-brothers-bobby-charlie-lee-dont-entirely-agree-scaling-bitcoin-1531695
Currently at the number 4 spot on https://coinmarketcap.com, it only makes sense that the number 3 spot is the direction Litecoin is heading.
You can see the LTC market getting ready for an increase in price.
With the recent news of Charlie Lee diving back it to the Litecoin project and adding confidential transactions only shows me that it may be good to have some Litecoin :)
If you support what I do please add me to the list of witnesses you vote for.
Hello @bitcoinparadise,
Congratulations! Your post has been chosen by the communities of SteemTrail as one of our top picks today.
Also, as a selection for being a top pick today, you have been awarded a TRAIL token for your participation on our innovative platform...STEEM.
Please visit SteemTrail to get instructions on how to claim your TRAIL token today.
If you wish to learn more about receiving additional TRAIL tokens and SteemTrail, stop by and chat with us.
Happy TRAIL!
This post has been ranked within the top 25 most undervalued posts in the first half of Jan 09. We estimate that this post is undervalued by $12.17 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 09 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Thank you for sharing. ☆☆☆☆☆😎
Thank you for reading :)
You're welcome.
@bitcoinparadise great analysis
for an intresting read about litecoin :-https://steemit.com/cryptocurrency/@pps/litecoin-complementary-to-bitcoin
Good points in this post. I was about to start a similair discussion. It always surprises me how people still sell when a crypto goes down. I mean just invest in solid coins and skip the shady ones. Crypto is here to stay. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). Do you know this interesting site? https://www.coincheckup.com They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. Check: https://www.coincheckup.com/coins/Litecoin#analysis To watch Litecoin Indepth analysis