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RE: LTC price will be back to $80 for a 60% return within 6 months (or maybe within 6 weeks?)

in #litecoin7 years ago

Actually, 60% increase in 6 months would mean that the coin itself barely has any value. Assuming that Bitcoin keeps rising, this increase would already be coming off the value that BTC drags the other coins along with... Besides, if you were to invest in something like Bitshares right now chances are you have it doubled or tripled by that time.

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BTC also has a chance of increasing by 60% in 6 months, so it could drag LTC along.

BitConnect is nothing more than a classic Ponzi scheme. It is guaranteed to come crashing down.

I'll pull a Jamie Dimon on you and agree it could increase by 500% before it crashes.

But it will crash.

All Ponzi schemes crash

Eventually

And the residual value after the crash is always the same

ZERO.

Stay away from BitConnect

How is Bitshares a ponzi scheme?

My bad. Wrong reference. I meant BitConnect. I went back and edited the reply that was in error in slandering BitShares

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