Bitcoin currency of the future?

[Deleted member 185048]

You guys either have to know when to sell or have to play the waiting game. A very long waiting game. I predict that Litecoin will drop substantially, at least temporarily. Word is that people have been having trouble buying BTC, so they switched to LTC. People who are new to this game. The question is, when Coinbase gains its footing, would people drop LTC for BTC? On the Deep Web, I still don't see anyone accepting LTC.

Thanks for this info.

 

[WhiskeyPunch]

You guys either have to know when to sell or have to play the waiting game. A very long waiting game. I predict that Litecoin will drop substantially, at least temporarily. Word is that people have been having trouble buying BTC, so they switched to LTC. People who are new to this game. The question is, when Coinbase gains its footing, would people drop LTC for BTC? On the Deep Web, I still don't see anyone accepting LTC.

In my opinion LTC is a superior token when it comes to serving the purpose of money. It is 4x faster, 4x higher in quantity and the fees are much cheaper. In the future I could see people using bitcoin for large purchases like houses, cars ect., and LTC for medium to low priced transactions. LTC will become just as popular around the middle of 2018. Look for LTC to finalize it's highest price somewhere in the range of 1/4 the value of BTC.

 

[mime]

You're so excited and hopeful your not listening lol. Glad you're learning lessons now.

Now... given those price targets. If you TRULY believe that, you should be accumulating only. Every dip should be an opportunity to accumulate more.

Trust me this is going to crash with FURY... this growth isn't sustainable and the insanity will run out. When it does you're going to have to decide if you believe in it or not.

I'm not sure where this ends up long term... but at some point the prospect of cashing out is too great and people will begin taking profits.

For LTC... that's going to happen this week.

I repeat. LTC is crashing this week.

litecoin is likely to correct at some point but it's not a big deal in the mid-term run. these corrections happen multiple times a year with btc when the price goes up too fast. ltc has already "crashed" before this year however you define crash but it went back up to where it is now. people can use fear as a tool to justify why they dont buy or prevent others from buying and of course there is risk but like everything in life you weigh the risk vs reward.

there really is no point in arguing about price because you will be wrong, then you'll be right, then you'll be wrong etc, it just becomes a pissing match of egos.

you should really only constantly watch the price if you're actively trading which is fine. some people need to sell because they want to pay off student/car debts, mortgages etc, thats fine too. even holders who believe in it might sell partially because they are happy with the gains and can sell to pay off what they bought in at so everything henceforth is gain.

 

[mime]

In my opinion LTC is a superior token when it comes to serving the purpose of money. It is 4x faster, 4x higher in quantity and the fees are much cheaper. In the future I could see people using bitcoin for large purchases like houses, cars ect., and LTC for medium to low priced transactions. LTC will become just as popular around the middle of 2018. Look for LTC to finalize it's highest price somewhere in the range of 1/4 the value of BTC.

this is a common thought among people in the space. atomic swaps (direct swaps) between ltc and btc which will soon be possible will I think strengthen their ties and this idea.

 

[BudKing8806]

Fuck!! I could've bought some Bitcoin back in March and made out great. I use the coin to purchase things online that are shady so I have been buying and trading..Anyways, I have about $30 in btc left and I plan to invest more of it drops anytime soon. Anyone use uphold to manage their coin?

 

[Luminaire]

litecoin is likely to correct at some point but it's not a big deal in the mid-term run. these corrections happen multiple times a year with btc when the price goes up too fast. ltc has already "crashed" before this year however you define crash but it went back up to where it is now. people can use fear as a tool to justify why they dont buy or prevent others from buying and of course there is risk but like everything in life you weigh the risk vs reward.

there really is no point in arguing about price because you will be wrong, then you'll be right, then you'll be wrong etc, it just becomes a pissing match of egos.

you should really only constantly watch the price if you're actively trading which is fine. some people need to sell because they want to pay off student/car debts, mortgages etc, thats fine too. even holders who believe in it might sell partially because they are happy with the gains and can sell to pay off what they bought in at so everything henceforth is gain.

Just trying to temper some of the hysteria in here.

LTC is going to dive back into the 100s, maybe even below. It was piggy backing on BTCs popularity and it's availability on Coinbase.

I swear the big run is all due to people being unable to sell until their buys post lol. Once the buy posts and they are up 300% they'll immediately sell at least some of it and it will plummet.

 

[mime]

Just trying to temper some of the hysteria in here.

LTC is going to dive back into the 100s, maybe even below. It was piggy backing on BTCs popularity and it's availability on Coinbase.

I swear the big run is all due to people being unable to sell until their buys post lol. Once the buy posts and they are up 300% they'll immediately sell at least some of it and it will plummet.

I understand, it's very crazy times, there are a lot of people who don't know what they're doing. Personally I'm more worried about people who leave their funds in exchanges which are susceptible to hacks or exit scams.

 

[Der Eisbär]

You're so excited and hopeful your not listening lol. Glad you're learning lessons now.

Now... given those price targets. If you TRULY believe that, you should be accumulating only. Every dip should be an opportunity to accumulate more.

Trust me this is going to crash with FURY... this growth isn't sustainable and the insanity will run out. When it does you're going to have to decide if you believe in it or not.

I'm not sure where this ends up long term... but at some point the prospect of cashing out is too great and people will begin taking profits.

For LTC... that's going to happen this week.

I repeat. LTC is crashing this week.

LOL @ your constant FUD spreading

 

[Mr Mojo Lane]

In my opinion LTC is a superior token when it comes to serving the purpose of money. It is 4x faster, 4x higher in quantity and the fees are much cheaper. In the future I could see people using bitcoin for large purchases like houses, cars ect., and LTC for medium to low priced transactions. LTC will become just as popular around the middle of 2018. Look for LTC to finalize it's highest price somewhere in the range of 1/4 the value of BTC.

Currency needs some inflation and there are only so many Bitcoins out there.

 

[kahiljabroni]

You're so excited and hopeful your not listening lol. Glad you're learning lessons now.

Now... given those price targets. If you TRULY believe that, you should be accumulating only. Every dip should be an opportunity to accumulate more.

Trust me this is going to crash with FURY... this growth isn't sustainable and the insanity will run out. When it does you're going to have to decide if you believe in it or not.

I'm not sure where this ends up long term... but at some point the prospect of cashing out is too great and people will begin taking profits.

For LTC... that's going to happen this week.

I repeat. LTC is crashing this week.

Why is LTC crashing this week? And define crash

 

[kahiljabroni]

My point is that if you're seeking a long term hold, you can still get in now. It isn't finished rising.

I'm not seeking long term hold. I'm seeking to turn 2k into 10k then cash out. Maybe leave some small portion longterm for shits and giggles

 

[Luminaire]

Why is LTC crashing this week? And define crash

Say you bought 10k in Litecoin last week at $90.

And now it's $330... butttt.. because you can only buy 10k as an ACH transfer, your transaction hasn't posted yet. (Your price is locked in, it's just not in your account until the money clears from the bank)

So you should have a cool 25k profit but you can't sell yet.

When that transaction finally posts, what are you going to do? You're going to sell, maybe not all of it, but you're going to secure those profits. And that's going to cause it to plummet.

The people investing in Litecoin and driving the price up to $300+ do not believe in the product. They are weak hands that missed the Bitcoin craze, signed up for Coinbase and looked to get in on the next one.

That's why it plummets significantly by the end of the week.

 

[CerebralKnievel]

I'm not seeking long term hold. I'm seeking to turn 2k into 10k then cash out. Maybe leave some small portion longterm for shits and giggles

Ah... Well then you should have put that 2k in two weeks ago.

 

[NoGoodNamesLeft]

anyone got any hot tips for cheap altcoins they think might take off soon? i put 150 on coinbase and spread it out, im up to 220 now. once i double my money im gonna take some and start buying cheap altcoins.

 

[Tamriel Terror]

Just bought the Trezor Bitcoin Wallet and got into Bitcoin, Litecoin, and Ethereum earlier today.

 

[Grassshoppa]

I know nothing about economics. So please tell me if this line of thinking is correct as I was thinking about it last night.

The reason $1 dollar is always $1 is because we have an infinite supply of US currency. We just keep printing it. We have an infinite supply of cash and a constant increase in the cost of goods and services. So $1 dollar will always be $1 dollar because as the cost of goods/services rise, we just print more of it. Is that correct? The cost of everything keeps rising. Houses, vehicles, health insurance, etc. So if tomorrow, a loaf of bread cost $1 million dollars then the US $1 dollar couldn't be worth just $1 dollar anymore right? The $1 dollar bill would have to be worth a lot more? Or at some point do we reach a tipping point because $1 dollar is still only worth $1 dollar but yet the price of a house is now $1 billion and only the super rich can afford housing?

So by following this line of thinking then could bitcoin increase in value indefinitely? With bitcoin, you have a finite supply of currency instead of an infinite supply and still a constant increase in the cost of good/services. So doesn't that mean the value of bitcoin has to increase to match the increase in the cost of good/services?

So then as the cost of everything continues to rise every year then wouldn't one bitcoin be worth $1 million eventually?

Or am I totally not understanding all of this?

 

[Zazen]

You're right... I panic sold yesterday morning @ 176 and my ego refused to let me buy back in at 200+.... I completely missed this massive gain in 24 hours with everything sitting in cash. I fucked up. Learning experience. Still in the green.

Dec 31 -
LTC 3-5k
ETH 5k
BTC 50k

LTC 5k in a couple weeks? Eh no way. I think 600 and possible 3-4k end of 2018. I hope you're right though.

 

[Luminaire]

I know nothing about economics. So please tell me if this line of thinking is correct as I was thinking about it last night.

The reason $1 dollar is always $1 is because we have an infinite supply of US currency. We just keep printing it. We have an infinite supply of cash and a constant increase in the cost of goods and services. So $1 dollar will always be $1 dollar because as the cost of goods/services rise, we just print more of it. Is that correct? The cost of everything keeps rising. Houses, vehicles, health insurance, etc. So if tomorrow, a loaf of bread cost $1 million dollars then the US $1 dollar couldn't be worth just $1 dollar anymore right? The $1 dollar bill would have to be worth a lot more? Or at some point do we reach a tipping point because $1 dollar is still only worth $1 dollar but yet the price of a house is now $1 billion and only the super rich can afford housing?

So by following this line of thinking then could bitcoin increase in value indefinitely? With bitcoin, you have a finite supply of currency instead of an infinite supply and still a constant increase in the cost of good/services. So doesn't that mean the value of bitcoin has to increase to match the increase in the cost of good/services?

So then as the cost of everything continues to rise every year then wouldn't one bitcoin be worth $1 million eventually?

Or am I totally not understanding all of this?

You're in the ballpark.

If Bitcoin was fully accepted then yes... the finite supply will push the price higher and higher.

If you take the total value of all currency... it's something like 7.5 trillion. Total supply of gold at $1200+ an ounce nearly matches that 7.5 trillion figure.

So if Bitcoin were to have the same value as gold... with a cap of 21 million units.

Then 1 Bitcoin = $357,143.

That's your best case scenario.

 

[Luminaire]

I

LTC 5k in a couple weeks? Eh no way. I think 600 and possible 3-4k end of 2018. I hope you're right though.

His estimate was 5k by Dec 31 2018.

Which is nice, but it's the most speculative speculation in the history of speculating.

Could also be $5. We shall see.

 

[Der Eisbär]

I


LTC 5k in a couple weeks? Eh no way. I think 600 and possible 3-4k end of 2018. I hope you're right though.

Read the thread. The line youre quoting was quoting an end of 2018 question....