LTC doing as much volume as BTC right now

[ridery99]

Is it worth investing at this all time high?

Was ethereum worth it when it was $48?

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[oddwh]

Is it worth investing at this all time high?

Was ethereum worth it when it was $48?

As we didn't know the price would skyrocket like now, it was a relevant question   Same question : does it worth it now ?

The answer is a bit harder.

Anyway we are in a pump so we can't predict when it will dump but we could see some violent movements in the next future.

if LTC market cap was the same than current ETH market cap, one LTC could cost around 700$

[Himanshu111]

Yes, litecoin is trading 1/2 is market capital everyday and its phenomenal as other altcoins trade like 1 percent everyday. I think it will show massive growth in next few days so i think everyone should buy litecoin.

[ranreichman]

imho trade volume is mostly a vanity metric. The use cases of the coin are much more important. In LTC's case, the difference between the coin and Bitcoin

[talkbitcoin]

Is it worth investing at this all time high?

Was ethereum worth it when it was $48?

sadly the same thing can not happen with litecoin because for the most part litecoin is a decentralized crypto currency which does not have the advertising funds of centralized ethereum! and it doesn't have the funds dedicated for pumping it either.

also the only thing making litecoin relevant was SegWit and all the rest that came with it and that won't last long since bitcoin SegWit activation has reached 75% support in past 24 hours...

[Diver6691]

I don't know what this volume means .......
If anything , it is very interesting

[alyssa85]

Similar to what happened to Litecoin on Coinbase pump, Litecoin on Bitstamp caused a similar pump, but this time with way higher volume and with a way smaller dump, at least until now, from 0.01952 to around 0.018.

Let's see if the volume remains high, signaling the break of the ATH for good and more jumps in price.

There will be some profit taking and the speculative money will then rotate into another coin...

One thing that IS interesting is that transactions in the last 24 hours have picked up:

https://bitinfocharts.com/comparison/litecoin-transactions.html

It's still very low compared to bitcoin, but it indicates that some people are now using litecoin rather than bitcoin to move money (because of bitcoin fees and delays).

[Nahl]

so apparently majority people has trade Litecoin as instead of bitcoin and whether most people has fear the effect of hardfork and decide to hold Litecoin rather than bitcoin but some people says it is possible to see next pumped for Litecoin soon and i wish they would not wrong about this because i decide to hold several amount of Litecoin too

[findingthemoon]

High volume just means that its a speculative time, it got a big price boost so there was more trade. Generally though if the volume is higher but the marketcap lower it means people are trading and speculating rather than looking at the underlying value behind it.

Bitcoin has a lot of long term hodlers that don't trade.

[DRaGoN RaNTaRo]

Bitcoin has a lot of long term hodlers that don't trade.

Most of the big time holders either lost their private keys or simply forgot about it. I am pretty sure that those who had a lot of coins either trade or gamble with it,some of the coins will be held for the long haul but they will be using it for reinvesting as there are many good investment opportunities to multiply your coins and why would anyone waste those opportunities.

[carlisle1]

High volume just means that its a speculative time, it got a big price boost so there was more trade. Generally though if the volume is higher but the marketcap lower it means people are trading and speculating rather than looking at the underlying value behind it.

Bitcoin has a lot of long term hodlers that don't trade.

that statement was right there's still a big numbers of bitcoin holders which still holding their coin and really wait for much bigger value,
even ltc already gaining huge volume its still speculative to think that it will hype that big still aiming for some good analysis before
falling to any thing i don't want to be trap though.

[joromz1226]

Even if it is true or not, still majority of the people all around the world will choose bitcoin as their mode of payment in terms of money transferring, online payment, billings and many more.