Bitcoin Forum
November 12, 2019, 01:56:27 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Why i am going all out in litecoin  (Read 434 times)
K210
Hero Member
*****
Offline Offline

Activity: 1301
Merit: 501


View Profile
June 20, 2016, 08:26:22 AM
 #1

Back at the start of this year i was unsure of litecoins future but with this eth fiasco and more scams being launched everyday i am sure now that litecoin is bitcoins successor. People will laugh now but by the end of this year i can guarantee they will be crying. Litecoin was launched in october of 2011 by coblee (Charlee lee an ex google software engineer) and was launched fairly, no premine, no ICO/IPO, no absurd promises and no greed. Just a vision to create a crypto as a true alternative to bitcoin. Litecoin grew naturally over the years, it took 9 months to grow from $0 to $0.05 and another 12 months to go to $2.50. Then 5 months later it went from $2.50 to $48. Many early adopters became rich overnight. No IPO/ICO and no hype just vision and humble progress.

Back at the start of this year litecoin was $3.20, now it is around $5.30. That is a $2.10 gain per coin in just 6 months time. Marketcap at start of year was around 145 million now it is 260 million. Litecoin is by no doubt growing only those with myopic vision would question it. People always say that litecoin has no development but why fix something that is not broken? Litecoin does its job as an alternative currency perfectly - it just works.

To get to the main point of this post i will be buying $300 of litecoin every week from now on, that is around 30% of my weekly pay. I encourage others who also think that litecoin is going to rise to do the same. I might revisit this thread someday as a millionaire or as someone who lost thousands of dollars. I think it will be the former.
1573566987
Hero Member
*
Offline Offline

Posts: 1573566987

View Profile Personal Message (Offline)

Ignore
1573566987
Reply with quote  #2

1573566987
Report to moderator
1573566987
Hero Member
*
Offline Offline

Posts: 1573566987

View Profile Personal Message (Offline)

Ignore
1573566987
Reply with quote  #2

1573566987
Report to moderator
1573566987
Hero Member
*
Offline Offline

Posts: 1573566987

View Profile Personal Message (Offline)

Ignore
1573566987
Reply with quote  #2

1573566987
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1573566987
Hero Member
*
Offline Offline

Posts: 1573566987

View Profile Personal Message (Offline)

Ignore
1573566987
Reply with quote  #2

1573566987
Report to moderator
1573566987
Hero Member
*
Offline Offline

Posts: 1573566987

View Profile Personal Message (Offline)

Ignore
1573566987
Reply with quote  #2

1573566987
Report to moderator
freshman777
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile WWW
June 20, 2016, 08:32:49 AM
 #2

Going all in one coin is insanity, reckless gambling. Even Bitcoin. Especially Bitcoin.

ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android
K210
Hero Member
*****
Offline Offline

Activity: 1301
Merit: 501


View Profile
June 20, 2016, 08:38:40 AM
 #3

Going all in one coin is insanity, reckless gambling. Even Bitcoin. Especially Bitcoin.

Crypto in general is risky, besides i hold plenty of other coins. I will be focusing more on LTC. If i lose my money so be it.
Amph
Legendary
*
Offline Offline

Activity: 2226
Merit: 1003



View Profile
June 20, 2016, 08:57:44 AM
 #4

Going all in one coin is insanity, reckless gambling. Even Bitcoin. Especially Bitcoin.

i don't agree on bitcoin, bitcoin is actually the only one where you can go all out, the average value prove it
swan77
Newbie
*
Offline Offline

Activity: 44
Merit: 0


View Profile
June 20, 2016, 10:03:35 AM
 #5

I thought litecoin was done for when it went down to a dollar, then regretted not buying when the Chinese Ponzi scheme pumped it. After the Chinese Ponzi scheme crashed litecoin didn't crash back to a dollar again and I still regretted not buying at the bottom. I don't know if it's a good idea to go all in on litecoin but it could be a good bet.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!