LTCBTC: 0.02 — The Conservative Case for Litecoin

in #litecoin6 months ago (edited)

I've been running into too many shitposts promoting Bitcoin over Litecoin, bashing the crap out of Litecoin even at the current ridiculous rate of less than 0.01 BTC. I'm sick of it and feel sad for those who fall for these posts and fold. Here I'm going to give you 3 reasons why I believe that the LTC/BTC pair is dirt cheap now and will solidify well above 0.02 BTC soon. The 0.02 BTC rate, and if not the 0.01 BTC rate will become an everlasting floor for this pair. Whether Bitcoin goes up in USD or down I do not know. But what I do know is that LTC/BTC will go up as the current rate is 100% absurd.

Reason 1: Many accuse Litecoin of being a copykat. I could easily accuse Bitcoin of being a copykat too since most of its code is copied from elsewhere including the open-source C++ libraries it uses, some of which were written decades ago. Also Litecoin is not a mere copy of Bitcoin with only a rebrand. It did make certain changes that made it in many people's views, superior to Bitcoin. One important change was the lowering of block time, making it 4x faster than Bitcoin. As a result, Litecoin fees have been consistently low unlike Bitcoin which got so fucked up that it led to the splittnig of the community and the BitcoinCash shitshow. Litecoin was also launched at a time in which many more people knew about cryptos and could compete in mining it whereas with Bitcoin, for a whole while only a still anonymous dude named Satoshi Nakamato knew and was mining 50 coins every ten minutes which is equal to half a million US dollars per 10 minutes now! Talk about printing money out of thin-air.

Reason 2: Litecoin is almost as liquid as Bitcoin. Most exchanges have it listed and new ones list it too because it makes sense to do so. And unlike Dogecoin with no maximum supply which adds appx. 5 billion new coins a year to its supply, Litecoin keeps halving its block rewards and moves closer to its maximum supply very much like Bitcoin. The fame, and liquidity of Litecoin as well as its scarcity and inflation makes it the second best option for investors, if not the first already.

Reason 3: Litecoin's supply being 4x more than Bitcoin makes it more affordable. People like to buy at least 1 coin. I know some might say: "Oh well with Bitcoin people can just buy 0.01 BTC" Yeah they sure can, but most people don't like that. They prefer to own at least 1 coin. And a lot more people can afford 1 Litecoin than 1 Bitcoin now. Also, people look at the 4x supply and expect a fair value of 1/4th of Bitcoin or 0.25 BTC for Litecoin. They do the same with Gold and Silver. You may have all heard of the Gold/Silver ratio! So the 0.02 BTC rate is a very conservative rate and will still be considered extremely undervalued by many!

This is not financial advice but rather only my personal opinion. Trading cryptocurrencies is extremely dangerous and can result in the loss of a lot of your capital. Be cautious and do your own research!

SWIFTCASH — The Best Web/Mobile Wallet!

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You bought votes to increase the rewards of your post above the value of its content.

That is very subjective and what you're doing is mob rule behavior. You're abusing the free flags in HF21-HF22 to increase your own rewards while playing holier-than-thou and making someone like me lose not just rewards but my own hard-earned money invested in steem which I used to boost my post. If my post was shit and I was spamming the chain with shit posts and draining the reward pool with bidbots and profiting from it, you would have a point but that is not the case. What you're doing is only going to drive the price of steem down as many will choose to power down and dump rather than stay and fight back with this mob rule behavior. My post has received a lot of support from average community members or even some witnesses. It's only the mobs in your camp downvoting it if you pay attention.

Abuse? Are you out of your mind? How have I "abused" any bidbot? Are you saying my post is shit and doesn't add value? Or are you against using bidbots no matter what?

I wont say "dont worry" because calling SFR may hurt when they take action, but "bid bot abuse" in his comment is a code-word for the moderators. It means that a really high votes were noticed on a post, which is comparatively normal/mediocre/bad to other similar posts. "Bid bot abuse" usually is reported when someone is repeatedly overusing bid bots, or sends bid bots for some nonsense or spam just to reap bot's guaranteed ROI.

Regarding this post.. don't take me wrong, I can give you similar opinion of mine every 10-30 minutes on any random topic, and I wouldn't deem it worth $10 in upvotes (votes from therising+tipu=$100, times 10-15% bot ROI), but you included some facts and numbers (great!), no sources for them (bad.. maybe you just wrote random numbers?). I see that you don't bid-bot your posts up to the sky on a daily basis like some people do, and I know that you risked that almost $100 by sending it to bots, so I hope flaggers/SFR won't downvote this post to hell. People get irritated easily nowadays..

The SWIFTCASH web/mobile wallet is indeed the best wallet :]

I Love Litecoin, actually I find it more attractive than BTC.

Litecoin looks more beautiful than Bitcoin 😳

Litecoin is superior to Bitcoin. Change my mind...

i believe we will see lower than 0.01 litecoin.

Bitcoin is about to make its next leg up.
And i anticipate it will leave everything in the dust.

But, when the excitement actually hits the whole market, all the alts will follow.

That said, the future of litecoin is bright.
They have been working all this time on adoption. On getting point of sales into stores. On working with retailers and suppliers.

And this will be extremely important when we start looking at adoption.

At that time, i believe we will see 0.2 LTC / BTC

So, litecoin is a steal right now.

Huh? It's already lower than 0.01

Bitcoin will solve ;-)

Litecoin to the MOON 😍