Excellent Analogy - “IF a Bank gets ROBBED” does it change the value of the $US Dollar or Gold — (Crypto Exchange hacks)
Still Bullish on Cryptos — Charlie comes up with the zinger analogy of how a bank gets robbed and nothing happens to the value of Gold or $USD value. The cryptos WERE NOT hacked...the exchanges security was compromised not Bitcoin or Litecoin etc.
At least it appears that this comment is attributed to him in the article link.
Regardless, Charlie Lee seems to be optimistic and that the crypto prices could be rising very soon or still may take some time — but long term he see’s price appreciation.
He see’s that the network improvements have been made across cryptos. Obviously, this is important for security and overall transaction speeds/costs.
Do you remember when Charlie Lee spoke up and told everyone that the price of Litecoin was “high” and that it could pullback when it was several hundred dollars?
People like Charlie Lee know what is going on inside and what deals are going down so when he says the bear market days are coming to an end it is something to take note of.
Is the Bitcoin/Litecoin bull on the horizon ?
Some people will be very happy if that's the case😂🤣
It really is the case for now. We don’t hear of people hacking Bitcoin. Lord know they have tried for years. Sooner or later the pressure will build for another direction.
That's probably more like it...i don't understand why there's too many btc versions or whatever they're called.
The bitcoin forks can certainly be for many reasons. The most famous one is Bitcoin and Bitcoin Cash. The developers of Bitcoin Cash believed that bitcoin should be used for daily transactions like coffee. Bitcoin core holders say it should just be like “gold” — a store of value. One has high transaction fees — the other has lower fees and faster. Some other forks I am sure are for power and greed.
Which one have lower fees?
Bitcoin Cash, Litecoin, Digibyte (watch this one over 12 months)....I think Litecoin will be a big winner when it comes to everyday crypto use to buy a coffee....practically $0 fees to use and “fast”.
HODL but i dont have btc cash☺ digibyte i got loads.
HODL you Digibyte and watch and wait. Longer you hold the longer you will like :-) This will be a great long term coin.
We all heard the expression "what goes up must go down". But never heard "what goes down must go up". :-)
I really feel the big players want a reset....on “their terms” and a price where the exchanges can buy cryptos at a lower price ...this is how I view things.