Bitcoin dumps. Litecoin Doesnt Care and Wants to Pwn BCH!
Today we had big bitcoin drops, ive used the leverage and method BTFD and it worked nice.
BitMex as usual in such circumstances.
Currently BTC is back above 9300 USD so the chart below is not what happened during day but we see LTC as most "UP".
If you remember Coblee said LTC will do flappening and get worth more than BCH at some point. Wrote of this here - https://steemit.com/bitcoin/@kingscrown/ltc-to-be-worth-more-than-bch-this-year
Now there is cool new site that shows this event live - http://flappening.watch/
As we see LTC is superior with everything than price but its also catching up.
Markets
See how its mostly LTC vs FIAT, people dont exit BTC or so, but want to buy LTC and get better position with useless FIAT.
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Litecoin is flappening 😀
Along the same line you should look at the reasoning why we are going to have alot of corrections and climbs over the next 2 years....lots of opportunity....
wrote a quick blog on it.....
https://steemit.com/bitcoin/@richatvns/reality-for-cryptocurrency-market-volatility-why-it-will-continue-this-year-simple-and-clear-reasons
Thanks for the post! I really hope the flappening will happen, it would make sense, all fundamentals support it. In my opinion the value of BCH is purely in hype and manipulation and the value of LTC is driven on real fundamentals. I dumped all my BCH already and increased my LTC holding recently to 4 LTC for every BTC (supply of LTC is 4x).
it should because fundamentals support it....
https://steemit.com/bitcoin/@richatvns/reality-for-cryptocurrency-market-volatility-why-it-will-continue-this-year-simple-and-clear-reasons
BITcoin the father of all coins has to improve first
I'm afraid bitcoin can hardly competes with PoS coins.
Thanks for showing me this flappening site. The LTC vs BCH should be an interesting one to follow. (I have some of each so may the best coin win ;)
Blood in the street
Interesting
Because it is obvious this year that the market is going to go away from btc as the fiat.....
Great! Thoughts on LTC and Thank you for sharing this flappening website. It will be of great use not only to me but also to some people reading this as well.
I would like to see that happen. And don't forget the flirpening (?), meaning LTC>XRP. I don't believe the real market cap of xrp is anywhere near 33 billion USD because many billions of xrp, owned by the founders, are in lockdown.
Seeing something that has a very high level of fluctuation over time is not very conducive to the mental health of investors in bitcoin. Many people lose their sense of the bad situation so that people lose by moving their purchases. In my opinion, HOLD is better than trading and forget bitcoin momentarily with other busyness while waiting for bitcoin to get better again.