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Author Topic: Why i am going all out in litecoin  (Read 460 times)
K210
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June 20, 2016, 08:26:22 AM
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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.
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freshman777
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June 20, 2016, 08:32:49 AM
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Going all in one coin is insanity, reckless gambling. Even Bitcoin. Especially Bitcoin.

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K210
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June 20, 2016, 08:38:40 AM
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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.
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June 20, 2016, 08:57:44 AM
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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
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June 20, 2016, 10:03:35 AM
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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.
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