Litecoin to explode to triple digits after announcement of Largest e commerce corporation endorsement
Buy LTC before it explodes into triple digits this Fall. Through forensic analysis, I have speculated what the big announcement will be, that will catapult LTC to the moon and beyond.
The research has been conducted for over a year and here are my findings to date. Certain officials of the Chinese government have been kind towards Litecoin. Part of the proof of this, I broke in a story back in May that went viral on You Tube: https://steemit.com/bitcoin/@jetblake/china-s-plan-to-use-ltc-as-main-crypto-currency.
Charlie Lee (Litecoin's developer) strategically has been planning this for several years. Charlie developed Litecoin in October of 2011. He used the Bitcoin open source code and made certain code changes to birth Litecoin. Litecoin (refereed to as Bitcoin's baby brother or the silver to Bitcoin's gold) has a maximum coin creation of 84 million. LTC has a 4 to 1 ratio with BTC. LTC also has easier governance to allow implementing critical improvements and updates such as SegWit, Lightning Network and Atomic swaps.
In July of 2015 Charlie Lee went to work for Coinbase as their director of engineering. This was a great move to help get Litecoin (LTC) onto their exchange. Prior to his arrival, Coinbase only sold Bitcoin and Ethereum. Having Litecoin available for purchase on Coinbase has really helped to boost LTC global growth and acceptance. On June 11th of 2017 Charlie Lee left Corporate Coinbase to “Today’s my last day at Coinbase! I will miss working with you all. I’m going to shift my focus to Litecoin now,” said Lee. Yes he had accomplished what was needed as far as getting Litecoin on the largest U.S. crypto exchange.
In a You Tube interview yesterday, on Crypto Hedge, Charlie Lee gave great insight regarding the crypto industry, Bitcoin and Litecoin. He mentioned that Litecoin is benefiting from the internal friction that exists with Bitcoin. Litecoin is fitting the vision of Bitcoin's creator Satoshi Nakamoto which was for the world to use Bitcoin as a daily digital currency with speed and low transaction fees. Bitcoin has morphed into being more of a store of value than an everyday commerce currency.
If crypto currencies are going to be adopted by the masses and corporations, than crypto's need to have fast and cheap transactions. The crypto also needs stability. It needs stability in it's pricing and it's governance. Litecoin (LTC) fits the bill. It looks like the world's largest retail website and e-commerce company will endorse and start excepting LTC as payments very soon.
Who is it you ask? Amazon? No, however, I truly believe they will within the next 12 months, but the answer is Alibaba.
Yes, Alibaba Group Holding Limited (Chinese: 阿里巴巴集团控股有限公司; pinyin: Ālǐbābā Jítuán Kònggǔ Yǒuxiàn Gōngsī) is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It is the world's largest retailer as of April 2016 surpassing Walmart. As of August 2017, Alibaba has over 529 million monthly active mobile users across its platforms. In May 2017, Alibaba's market cap grew to USD$305 billion, Alibaba also became one of the world's top 10 most valuable companies.
Yes, once Alibaba starts excepting Litecoin and endorses crypto currency for payments, Litecoin will explode and become one of the largest and most respected crypto currencies out there. Holding LTC now before this happens is crucial to cash in on the great gains that are coming. LTC is the best crypto bargain out there. It is sorely undervalued. It has a 4 to 1 ratio with Bitcoin, so it should be at least $1200.00 per coin. Even at that price it is a strong buy. $63.00 for LTC is a screaming buy.
Put on your thinking cap and realize where LTC is heading. LTC is a must to be included in your crypto portfolio. The super crypto coin with the least drama and the most technological improvements!
Hey @jetblake. It would be really great for ltc if Alibaba adopts it. However, I would like to know what has led you to such a conclusion?
I can not reveal my sources, sorry. That is why I said speculation in the beginning of the blog. Time will tell if they adopt LTC. When it does happen LTC will never be below $100.00 U.S. Dollars again
Thanks for that post.....it is wonderful to see such a detailed write up about LTC.
I am a big believer in Lee. He appears to be one of the most knowledgeable guys in the cryptocurrency space. His vision is coming rapidly. I didnt connect the dots of his motivation for being at coinbase was to get LTC on there, but it makes sense. A very shrewd move.
I have repeatedly stated my view is that BTC will be the store of value and should be viewed in comparison to the market cap for hold and that LTC will be the money currency.
So which is more valuable, the currency market or gold.
LTC, if Lee pulls it off, could be the biggest one in this entire sector...by a wide margin.
I agree. To me, the crypto used everyday by the masses is the more valuable one. Satoshi never ment for crypto to be held for store of value only. He wanted Bitcoin to be used everyday at coffee shops etc. Looks like you said, LTC for commerce and BTC for gold store of wealth
If that is the case, about Satoshi, do you think he/they were aware of the problems that would arise with scalability. There is great debate about much with Bitcoin but one thing all agree upon, the transaction time make it highly ineffective for regular commerce. Was this something that they anticipated or did they just think it would be overcome?
Great question. I figured out the identity of Satoshi (it is a group). It is probably best for me to not mention who they are. My guess is that they did not plan on the ASIC boost problems that Bitman used to gain mining dominance. I also think they thought there would be great consensus and not a possible 3 versions of BTC by November. However Satoshi's groups main objective is to control (secretly in the background) the global leverage of BTC no matter how it ends up being. The secret is their 4.5% BTC holdings held secretly in a wallet that has never moved. This will provide the holder great global wealth and leverage in the future
I can understand the greater wealth...if the price keeps going up. I also see how their position is going to be even stronger as the currency is fractured among the holders (meaning people have tenths of a coin as opposed to multiple coins because of the price). What I dont get is if they issues arent resolved, there is a chance that Bitcoin starts to dwindle. Even if they step in, could they stop a falling knife?
The scarcity gives them some protection on the store of value side of things for a while. However, as these assets become more well known, people might switch allegiances. And yes three bitcoins might be too many although BCH doesnt seem to be making major headway and still has some of the same issues as BTC.
They can stop a falling knife. If BCH gains traction they are in the same positive leverage position they have with BTC core legacy chain
Maybe I ought to look a bit closer at BCH.
My view up to this point is that LTC (or some other token) would take over the money aspect. For some reason BCH struck me as a childish spat that some took their ball to another court.
Yes I agree
Thanks for your valuable input. Certainly Litcoin could emerge as one of the Top Investment of the year 2017. Portfolio Diversification is the Key to average increase value. But before buying LTC I need to buy more STEEM.
Good points yes diversify and Steem is a strong coin
Thanks for the heads up on Alibaba, and Lee's long term plan. I bought a small amount at $31 and happy how that turned out of course. I think it's time to make a larger purchase.
I am making a large purchase this week as well. I am buying and holding
Re-steeming is nice, but I actually reposted this in the real world.. y'know, on FB ;)
I wonder whether Litecoin would not run into the same issues as Bitcoin (especially the scaling debate). Because the differences between Litecoin and Bitcoin are, in the end, not that big, structural issues with Bitcoin would also meet Litecoin when scaling up.
Litecoin already has addressed the scaling issues. Litecoin will not have the same problems as Bitcoin.
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