Bitcoin currency of the future?

Eth also going strong, is there any reason for this sudden impulse?
 
Rholk said:
Eth also going strong, is there any reason for this sudden impulse?
Click to expand...

Ethereum and Litecoin are the 2nd and 3rd most well known (after bitcoin) currencies. They are still affordable to buy a single coin of for most people, and they work like Bitcoin (except they transfer faster). People are putting/holding their money in them while selling off Bitcoin to keep stable after every downward dip.

From doing this, large amounts of new people have noticed that these 2 coins have superior technology to Bitcoin (even if they are newer and have less adoption by companies and countries like Japan) as they transfer significantly faster (better technology and less congested systems) for even less of a fee (there's a very tiny % that goes towards verifying transactions, and they both charge less than Bitcoin).

It's like if you found out a quick route to avoid the morning traffic jam on the highway to work each morning and told a bunch of people. Suddenly your route (with some minor variation) is a lot more popular.

This new adoption, in turn, drives the value/price of the specific crypto up because more people have and are trading them, similar to the stock market. Also, that drives the projected future value higher.

---

Big apologies to @Der Eisbär I had no idea Litecoin would keep surging without even a dip. That is highly unusual for any coin. That's why it's a good idea to play the long game. Hope you re-bought and werent waiting for it to dip below 200. Yeeesh. But I'd re-stock soon either way because it wont matter all that much later, as long as you dont keep waiting.
 
Last edited:
Maxed out credit card limit 750 and bought another 2000 of litecoin and 1000 of bitcoin

Hopefully I do better than my mma parlays
 
I had faith in litecoin when it was at 11 bucks. Glad it's paying off.
 
Which one do you guys think I should put more money in right now? Litecoin has gone up like 270% in a week. Its insane. Bitcoin has remained relatively the same for a little while now.

Also should I use bank or wire transfers?
 
Tamriel Terror said:
Which one do you guys think I should put more money in right now? Litecoin has gone up like 270% in a week. Its insane. Bitcoin has remained relatively the same for a little while now.

Also should I use bank or wire transfers?
Click to expand...
No idea about bank vs wire transfer.

Over here hating myself for selling off litecoin @ 176 and my ego refusing to let me buy @ 190/200/210/250/300
crying-michael-jordan-animated-gif.gif


Its gonna be a wild ride. Litecoin to 5k end of 2018
tenor.gif
 
Tamriel Terror said:
Which one do you guys think I should put more money in right now? Litecoin has gone up like 270% in a week. Its insane. Bitcoin has remained relatively the same for a little while now.

Also should I use bank or wire transfers?
Click to expand...

Buy some of both is what I'd do. That way you're not stuck in the slow line, regardless. I wouldnt do this for short term, they're both going up every month or two and have been for years.

As for wire or bank-- I've heard wire is faster and the fee isnt that bad (negligable). You should go to reddit for this probably
 
I'm w/ you bro. Anytime you make money, it was a good trade. It's never wrong to take your profit. The bad news is that I don't see it dipping that much either
 
Reyesnuthugr said:
Ethereum and Litecoin are the 2nd and 3rd most well known (after bitcoin) currencies. They are still affordable to buy a single coin of for most people, and they work like Bitcoin (except they transfer faster). People are putting/holding their money in them while selling off Bitcoin to keep stable after every downward dip.

From doing this, large amounts of new people have noticed that these 2 coins have superior technology to Bitcoin (even if they are newer and have less adoption by companies and countries like Japan) as they transfer significantly faster (better technology and less congested systems) for even less of a fee (there's a very tiny % that goes towards verifying transactions, and they both charge less than Bitcoin).

It's like if you found out a quick route to avoid the morning traffic jam on the highway to work each morning and told a bunch of people. Suddenly your route (with some minor variation) is a lot more popular.

This new adoption, in turn, drives the value/price of the specific crypto up because more people have and are trading them, similar to the stock market. Also, that drives the projected future value higher.

---

Big apologies to @Der Eisbär I had no idea Litecoin would keep surging without even a dip. That is highly unusual for any coin. That's why it's a good idea to play the long game. Hope you re-bought and werent waiting for it to dip below 200. Yeeesh. But I'd re-stock soon either way because it wont matter all that much later, as long as you dont keep waiting.
Click to expand...
Yeah I fucked up big time.... ego refused to let me buy back in. Got out of class and saw it climbed to 260. Thought no fucking way im buying back in. It will bear market overnight and Ill get back in around 220-240.... here we fuckin are. Still in the green, have to keep telling myself that. Just missed out on masive gains yesterday/today despite being a big LTC believer.

Christ this bull run is absolutely insane.
 
Reyesnuthugr said:
If Amazon started its own crypto today or next year, it wouldnt do well because the reason people use Amazon (and the entire reason for it's success) is for its absolute convenience. Most people don't know how to use cryptos and they dont want to fret with them YET, because its more complicated than using regular money or credit cards.

Cryptos are relatively cheap right now because they haven't been implemented YET by the mainstream. When they are implemented and used by your average person sometime in the future, they will be worth so much incredibly more than they are now (larger market, everyone is using them). Right now entire countries are starting to embrace them and adopt and implement crypto currency. Major financial institutions are also low-key buying it up like crazy, even though they tell the public NOT to buy it.

By the time of major adoption by your average person or slightly before that is when Amazon would start making its own crypto (so that people would accept it so that it wouldn't die getting passed over by other better established cryptos). Amazon would announce this first, and there would be time to convert your previous standard/major crypto (assuming bitcoin, litecoin, etherium, and/or a few others) into Amazon credits. But by then, your cryptocurrency would be worth a LOT more than it is now, which is why we invest in it BEFORE that happens, before mass adoption. By the time of mass adoption by the public, it's too late to invest and get much out of it.
Click to expand...
99% of people don't even understand what Amazon is or how they make their money. Amazon's webstore runs at a loss. They do it intentionally. They make an absolute fortune with AWS. This doesn't have anything to do with your post, I just think it's funny when people throw out names like Amazon and Google and have absolutely no idea what the entities even are.
 
You must log in or register to reply here.

Latest posts

Forum statistics

Threads
1,280,306
Messages
58,275,523
Members
175,990
Latest member
gorakk

Share this page

Back
Top