US people are buying LTC while the other world is avoiding it

[DashingAgent]

US people are buying LTC while the other world is avoiding it

There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.

[boyptc]

The highest for LTC was $300+. I don't understand the calculation for $1120 just because of purchasing power with a minimum of $10 for each user.

It won't happen. Your prediction of about $119 per LTC is possible though.

[mk4]

Even though LTC going up to $119 is very possible as it's only going to take a few green days from here, that's a really bad investment thesis. Just because everyone can buy $10 worth of LTC, it doesn't mean that they will.

LTC is pretty much just almost like a Bitcoin testnet anyway.

[cabron]

The highest for LTC was $300+. I don't understand the calculation for $1120 just because of purchasing power with a minimum of $10 for each user.

It won't happen. Your prediction of about $119 per LTC is possible though.

Why is there a limit of $10 for buying LTC in kraken?

Yes. I remember I got LTC on bittrex as airdrop from them back 2017 and it's worth $300+ when I sold it during the bullrun, It's sort of free money.  As far as I know, the Chinese likes LTC and they are also investing more in it besides EOS.  When there is bullrun, its going to go more than its ATH for sure.

[joniboini]

So which part of the OP post supports the narrative that US traders are buying LTC? I'm honestly confused.

Are we talking about facts or predictions here?

[Harlot]

Sadly supply and demand doesn't work this way, we cannot really assume that the people who have access to the internet will be interested with Litecoin since even in Bitcoin we cannot assume the same thing happening because in reality these people who have internet have different interest when it comes to investment and aside from that they have other competition when it comes to the crypto market itself.

[Lucius]

So which part of the OP post supports the narrative that US traders are buying LTC? I'm honestly confused.
Are we talking about facts or predictions here?

It is difficult to talk at all about the facts when the OP is wrong in the first sentence, when it says that there are only 6 billion people in the world, and that figure is much closer to 8 billion. Also, the number of internet users globally in the world is slightly less than 5 billion (4.66), so the OP could slightly adjust its calculations

As for LTC, I don’t see any particular value in it - although it has a slightly higher chance of surviving unlike 99.99% of other altcoins.

[Untomabur]

somehow I don't want LTC either, since August I avoided LTC because they never gave me any news,
whether their CEO disappeared or something,
even though Litecoin still has to have a CEO so this coin is more trusted.

[DashingAgent]

I did never claim that only the traders are buying but people are buying using paypal

So which part of the OP post supports the narrative that US traders are buying LTC? I'm honestly confused.

Are we talking about facts or predictions here?

[GreatArkansas]

I did never claim that only the traders are buying but people are buying using paypal
(....)

It's still difficult with Litecoin for me. How did you know that people buying Litecoin on Paypal? It's difficult to know.
If Litecoin really valuable, then it will pump naturally. That's why I am always speculating that Litecoin always follows Bitcoin.
I am always thinking about it because Litecoin is forked from Bitcoin, but their price is different.
I also think, what you want to say is if some people already missed the Bitcoin and for them, Bitcoin is already expensive, then they will just buy Litecoin since it's more cheaper than Bitcoin.

[DashingAgent]

Has the litecoin value of money like bitcoin? Can it be used for financial payments only? then you can consider it that it will become the bitcoin otherwise if it is just a forked coin then you can never claim that it will even touch half of the bitcoin

I did never claim that only the traders are buying but people are buying using paypal
(....)

It's still difficult with Litecoin for me. How did you know that people buying Litecoin on Paypal? It's difficult to know.
If Litecoin really valuable, then it will pump naturally. That's why I am always speculating that Litecoin always follows Bitcoin.
I am always thinking about it because Litecoin is forked from Bitcoin, but their price is different.
I also think, what you want to say is if some people already missed the Bitcoin and for them, Bitcoin is already expensive, then they will just buy Litecoin since it's more cheaper than Bitcoin.

[TheUltraElite]

LTC has seen better days IMO, but that does not suit it to be a investment option. Of course keeping some LTC on holding is never a bad option because compared to a lot of other altcoins some merchants accept altcoins too with first few choices being LTC, XRP, ETH, DOGE and so on.

The common notion of the first and second of crypto is what makes people buy LTC today. Definitely there are improvements being done on it but significant investment is not there anymore compared to bitcoin.

Having a three digit figure on LTC price is not going to last long as well. Too many selling order and selling pressure will outrun the bulls.

[Lordhermes]

US people are buying LTC while the other world is avoiding it
we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.

I was expecting some statistical table of US citizens purchasing Litecoin more than others, its disappointing as the topic title is different from your explanation.

But well, Litecoin is pretty a good altcoin to buy and hold likewise trading it. However LTC shows a spike in price in the recent bullish market and may attain the price of $119 as you said but not base on the predictions you made. There had been a sluggish move of LTC in the pass which made some investor to question about LTC, however, there's no recent development and innovation in LTC blockchain unlike ETH and BTC.

[Reid]

Is it US (Americans) people or is it "us" people?
Then what is the other world? Mars?
I didn't see you stretch that statement further so it's difficult to understand.
About LTC though, it's still one of the top altcoins out there. $119 is easy to reach if a bull run suddenly happens. Maybe even beyond it.

I bet you have a lot of LTC stored which is the reason for bringing this up?

[Xxmodded]

I did never claim that only the traders are buying but people are buying using paypal
(....)

It's still difficult with Litecoin for me. How did you know that people buying Litecoin on Paypal? It's difficult to know.
If Litecoin really valuable, then it will pump naturally. That's why I am always speculating that Litecoin always follows Bitcoin.
I am always thinking about it because Litecoin is forked from Bitcoin, but their price is different.
I also think, what you want to say is if some people already missed the Bitcoin and for them, Bitcoin is already expensive, then they will just buy Litecoin since it's more cheaper than Bitcoin.

PayPal have stopped for buying bitcoin and altcoin through their account is it right or not, I got source information link today where announcement from PayPal they couldn't give service to buy cryptocurrency with PayPal, I think this way become bad news and make many coin drop to lower price more than 30%, I don't know why very stronger for bitcoin and altcoin suddenly down and step by step when bitcoin growing up to higher price, how many bigger impact from some one could make good and bad news, how they have most inlfluence for many investor to sell their coin during have lower price.

[CyberKuro]

Litecoin is another option for people who think that Bitcoin is too expensive at the current rate and it's overbought, hence they are looking for a cheaper version of bitcoin which is Litecoin. If Bitcoin reaches a higher price tag, then LTC very likely to rise as well, just like in 2017 when it hit the ath at $375, it might go beyond that point if Bitcoin be able to surpass the ath as well.

[beerlover]

Even the simplest calculation of, "1 billion people at least use internet" is very funny and shows how this kid is just a small kid who doesn't really know what he is talking about, or maybe just plain old idiot. There is about 4.8 billion internet users with 2.5 billion daily users, the reach is over 6 billion as well, rest can't even use it even if they wanted to but over 6 billion people can if they want to.

So, do not be worried about LTC and what its price will be. And do not make calculations like a moron about how IF EVERYONE BOUGHT IT or something, everyone will not buy LTC, why would they do that, why would anyone buy something all together at the same time? The whole world never buys the same thing all together, never have been done for anything in the world aside from maybe breathing as a common thing.

[carlfebz2]

Litecoin is another option for people who think that Bitcoin is too expensive at the current rate and it's overbought, hence they are looking for a cheaper version of bitcoin which is Litecoin. If Bitcoin reaches a higher price tag, then LTC very likely to rise as well, just like in 2017 when it hit the ath at $375, it might go beyond that point if Bitcoin be able to surpass the ath as well.

It did have some rise since from November and it did able to surpass $85+ in price but now its currently priced on 65 bucks.The same goes with Bitcoin where it did correct in 16500.

These kind of things had already been anticipated where there are really guaranteed correction times and it did happen.For those people who bought in yesterdays where the price almost hit up the ATH

but there was a rejection but nothing to worry because these kind of situations do really happen.For LTC then it might be shooting up when bitcoin is shooting up but we cant say that it would reach out
over 100 bucks per coin but this is always had the potential.

[Husires]

Litecoin is the lighter version of Bitcoin and there is no logical reason to use it unless the fees for Bitcoin become higher, and then we will find that there are thousands of altcoins that can replace litecoin function so there is no benefit for that currency except by speculation.

Currency speculation creates a very volatile and bullish market in the short term, but in the long term the price will return to below $ 50.

[stompix]

US people are buying LTC while the other world is avoiding it

And you have a source for this claim? Or any proven data at all?

There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people.

How many things are wrong with this one? But just one:
You realize that 1 billion / 62,424,175 (circulating coins) is 16, so 1 coins for 16 people?
/end topic

PayPal have stopped for buying bitcoin and altcoin through their account is it right or not, I got source information link today where announcement from PayPal they couldn't give service to buy cryptocurrency with PayPal,

Source for this?

[ReiMomo]

The calculation made by OP really confused me and what does it do with US citizens if the internet users he is referring to are around the globe. No one can claim nor conclude that if someone uses the internet it automatically has or at least own 1 LTC in fact most of the internet users in our country are not even aware of any cryptocurrency including the young ones.

In general, the prediction of LTC price can be $119 is fair enough for this year or on the following year but to reach its ATH of $300+ may not be possible as of now since bitcoin is now getting popular due to Paypal's affiliation that makes the bulk of demand right now from the basin of all cryptocurrency is in bitcoin then LTC most likely will be left behind.

[Ryker1]

Well for me, --it is not bad to have LTC not because of the possible bullrun that perhaps spike since OP didn't show any chart that will prove him right but only as another asset.

Though LTC may have a lower value compared to bitcoin it remains volatile that we cannot assume the possible price in the future. However, the calculation made by OP may not be enough to support the predicted price of $119 just simply because of the number of internet users wherein we know for a fact that not all who uses the internet do buy LTC but due to the mass adoption of cryptocurrency then the $119 price may not be impossible for the LTC

[goaldigger]

US adoption maybe good for LTC but investors knows what to do for sure and since there’s no great news with LTC aside from their previous halving, I don’t think this will become big again. Looking on its price from the last uptrend, the volume is indeed not that high compare to others, good prices will still come by next year maybe.

[TheUltraElite]

US adoption maybe good for LTC but investors knows what to do for sure and since there’s no great news with LTC aside from their previous halving, I don’t think this will become big again. Looking on its price from the last uptrend, the volume is indeed not that high compare to others, good prices will still come by next year maybe.

Thats all that is to LTC, sadly. There are developments occurring like I said, but how much is really making a move on the market is doubtful. Maybe there will be a long term growth through developments but we might not see it during our lifetime, so better to move on from the LTC bubble of thought to BTC.

The last halving of LTC saw some good dumping action. My guess is that every hodler of LTC is secretly waiting to sell their stash because they are getting tired of holding it for such long periods of time.

If you hold LTC, good luck attempting to sell it. If you are not holding LTC, dont think about buying it. Dont get greedy buying coins that have no future, practically speaking.

[CryptopreneurBrainboss]

US people are buying LTC while the other world is avoiding it.

Although there's no source to this claim but if we're to assume It to be true then the rest of the world has to be smarter than US Investors. There's no good in litecoin, I don't see it adding any value to the industry. Litecoin is dead and just one of those projects enjoying the first mover advantage as without that they would had been lost gone like other newly created tokens.

The only scenario that'll pump litecoin is when every other old coins are pumping then in anticipation for litecoin to join the party, Investors will start buying. Litecoin on its own don't have any bullish news even their last halving event couldn't have any positive effect on the price. It only got pumped post halving but dump immediately afterwards.

[pawanjain]

The highest for LTC was $300+. I don't understand the calculation for $1120 just because of purchasing power with a minimum of $10 for each user.

It won't happen. Your prediction of about $119 per LTC is possible though.

And even that was due to the FUD created in the market during the days of ICO era. Bitcoin was at it's ATH and so let's not forget what drove Litecoin to it's ATH of 300+

~snip

 let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know.

While the numbers seems quite optimistic the theory to reach those numbers seems shit to me. Why would every person buy LTC ? Just because they can ?
There are thousands of coins out there in the crypto market. Will people buy them all just because they can ?
You should provide a solid theory based on facts if you want people to believe it.

[so98nn]

Even though LTC going up to $119 is very possible as it's only going to take a few green days from here, that's a really bad investment thesis. Just because everyone can buy $10 worth of LTC, it doesn't mean that they will.

LTC is pretty much just almost like a Bitcoin testnet anyway.

Exactly. What kind of math that is to predict the price of any coin?

If so then BTC would have added two zero's more in it's current price since there virtually no limit to how much one can buy. In fact OP is limiting the purchase capability on hypothetical basis.

If binance restricts buying upto $10 then I could just go to 10 different exchanges and buy upto 100 bucks! That will distort the calculation that you just did mate.

[Shasha80]

As long as there is no evidence to show that the US people buy Litecoin while people from other countries avoid it.
I will not believe it, because I believe it is not only US people who buy Litecoin, but investors from other countries
are also buying Litecoin. Since Litecoin is a top altcoins that is quite attractive to many investors. Therefore, for the
Litecoin price prediction, I agree that this year's Litecoin price can be above the $ 100 price.

[Smartvirus]

So which part of the OP post supports the narrative that US traders are buying LTC? I'm honestly confused.

Are we talking about facts or predictions here?

Very observative of you, I was really surprised the first few users to have commented until you came along. Clearly, the bone of contentment or theme of the topic was very much absent. All that was projected are speculations which are very far from being a fact. I wanted to know the bases as to why US citizens has focused on LTC, either there is a news from a study or BTC recent growth relativism with LTC and more of stuff like that. No doubt, LTC has been able to stand out and would appreciate in value with time but, I still don't see this to happen anytime soon.

[nelson4lov]

So which part of the OP post supports the narrative that US traders are buying LTC? I'm honestly confused.

Are we talking about facts or predictions here?

Very observative of you, I was really surprised the first few users to have commented until you came along. Clearly, the bone of contentment or theme of the topic was very much absent. All that was projected are speculations which are very far from being a fact. I wanted to know the bases as to why US citizens has focused on LTC, either there is a news from a study or BTC recent growth relativism with LTC and more of stuff like that. No doubt, LTC has been able to stand out and would appreciate in value with time but, I still don't see this to happen anytime soon.

I felt the same way as both of you after reading through the title and the body and couldn't find how it was correlated with US people patronizing Litecoin. It got my attention because LTC hasn't seen much growth recently (I mean tech-wise) because I've been following their development progress on Github and not much has been achieved so far. I thought I was missing out on something so I checked the thread out.

Talking about OP's calculations abd predictions, I don't think its viable right now considering LTC has been low on the radar not to mention the recent LTC price moved was heavily fueled by Bitcoin's recent rally.

[death69]

I guess you mistype one 0 in your thread.

Litecoin is a good coin and dont underestimate it. It is lighter than bitcoin and faster than bitcoin. However, improvement is needed because there are many disadvantages in the network. But this is not a big issue. Mass adoption is required for litecoin to become more popular

Litecoin has existed for many years. Thats the main reason for people to buy it without hesitation

[usekevin]

US people are buying LTC while the other world is avoiding it

There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.

No one is avoiding litecoin as like you said.Because litecoin is the good project with more investment. In localcrypto, onle 3 coins are listed. The three crypto was Ethereum, bitccoin litecoin. The trusred   cryptocurrency will have huge investor and traders.

[KnightElite]

US people are buying LTC while the other world is avoiding it.

Although there's no source to this claim but if we're to assume It to be true then the rest of the world has to be smarter than US Investors. There's no good in litecoin, I don't see it adding any value to the industry. Litecoin is dead and just one of those projects enjoying the first mover advantage as without that they would had been lost gone like other newly created tokens.

The only scenario that'll pump litecoin is when every other old coins are pumping then in anticipation for litecoin to join the party, Investors will start buying. Litecoin on its own don't have any bullish news even their last halving event couldn't have any positive effect on the price. It only got pumped post halving but dump immediately afterwards.

I'm not aware to the use of the litecoin so I cannot just consider it as dead coin because as for my analysis in its charts, its doing good but it also make a retracement with the same movement of other altcoins. It actually almost reached the $100 in the previous run up but there is a certain catalysts that makes the investors to pull out their money and suddenly a retracement happens. The LTC dropped more than -30% and for a lot incurred losses but I do  not consider it as dead because there are a lot of people who want to trade it and you can see it in its volume in the chart.

[FinneysTrueVision]

Litecoin price will keep going up if Bitcoin's price goes up. It has a close relationship to BTC and many people use it as an intermediary coin to avoid high fees when using centralized services. Litecoin by itself is not that interesting. You can hold it as an investment because it will perform better than fiat and traditional investments but it's value in BTC will probably go down in the long term.

[CryptopreneurBrainboss]

The LTC dropped more than -30% and for a lot incurred losses but I do  not consider it as dead because there are a lot of people who want to trade it and you can see it in its volume in the chart.

No doubt there that the volumes are spiking but why? I think it is best to stay away from coins that are pumping or about to get pumped judging from the charts without having a clear reason to. Like I have earlier said, litecoin is one of those coins currently at the top only because it was among the very first coins to be developed that's, it's benefiting from the first mover advantage and not that it has much to offer. Why do I have to use Litecoin if bitcoin is still functioning properly?.

Pump and dump are still a thing in the industry and can be carried out with any coin. If you're trader then you can go for the short term profit but don't go in as an investor or you might end up regretting, even the founder has offloaded all his Litecoin bags years back publicly. Although the reason for that actions was clearly stated still there's could be more reason behind such decision.

[michellee]

US people are buying LTC while the other world is avoiding it

There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.

No one is avoiding litecoin as like you said.Because litecoin is the good project with more investment. In localcrypto, onle 3 coins are listed. The three crypto was Ethereum, bitccoin litecoin. The trusred   cryptocurrency will have huge investor and traders.

Yes, it is right. Bitcoin, Litecoin, and ethereum will have its investors willing to buy more and hold it for some time. They will not be a problem if they hold for a long time if the market is not moving well, and maybe they are doing this from a long time ago, from the last ATH that happen in the market. People still underestimate this coin and don't invest in that coin because they think that ethereum can give them a bigger profit than litecoin. But we will see if litecoin can compete with the other coins at the market, the price will increase so high, and who knows, the price will pass the last ATH for litecoin. Only time will tell us about that, and I am sure many investors are still buying more litecoin at this moment. But if you want to invest in litecoin, you need to analyze.

[virasog]

US people are buying LTC while the other world is avoiding it

There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.

LTC can hit 119$ or even more in the future but i do not understand that binance will allow you to trade only $10 worth of  Litecoin. That is not the case. You can  trade any amount of litecoin as far as i know. Your calculation is also not accurate but not everyone will buy litecoin as there are bitcoin and other currencies too in which people may be interested to invest.

[Rengga Jati]

I'm still thinking of the relation between the title and the content of your post. Well, so, it is about people worldwide or the US people? And it is about US people purchasing or worldwide people must purchase? And why do the US people are purchasing?

However, I think that it will not happen with your calculation. No one will order it for all people in the world. if it is only a parable, I think it still doesn't make sense. If all people in the world should buy crypto, they will prefer to spend their coin for BTC. But this is only my opinion.

[FanEagle]

Litecoin has never felt like it is something I would like to invest, ever since Charlie Lee became a big part of it and ended up selling a ton of it, I have always felt that litecoin is not something to trust, even the person at the head of it doesn't trust it enough to keep it so why should I trust it? Hence for the past 3 or 4 years I haven't invested heavily into it, had it a bit for a while but it was such a small number that I just did it for a short term gain and after it increased I ended up selling it once again.

I am not planning on reinvesting into it anytime so neither so it could be just ignored for me by all accounts. Obviously I am not saying everyone else should neither, that is your decision and do whatever you think would be the right thing to do.

[Lizzylove1]

This analysis and prediction is funny. I doubt LTC will go as high as $1k+. Let's hope this is not an avenue of adverting LTC.

[TradingBull.io]

Your calculation is not taking into account the reality, including large holders.

Take the current LTC distribution:

Wealth Distribution
Top 10/100/1,000/10,000 addresses
11.76% / 41.60% / 63.05% / 76.79%

10,000 addresses weight 77% of the supply.
and only 1M addresses contain more than $1 worth of LTC
--> bitinfochart

[darewaller]

We need to find a way to clear bitcointalk from these topics. I understand that we are in a free speech world and I understand that as long as there is nothing illegal with the topic this is "helping" bitcointalk to stay active or whatever.

But, when you have 3-4 accounts that keep starting topics just for the sake of starting topics and usually do not even follow up, just start the topic and end up running away afterwards to start another topic and so forth, this causes trouble. I would rather have a slower and less topic bitcointalk with high quality over having more topics and move active bitcointalk with very low quality like this one.

If we do not do anything about this, there is no end to what could happen, we could have people spamming here constantly.

[Xinarae*]

The US people are buying LTC coins and the rest of the world is avoiding it because the demand for these currencies is much lower in the crypto market. The recent rise in the price of Bitcoin has greatly reduced the demand for other currencies. Everyone is trusting Bitcoin for investment there is no chance of being scammed here the American people buy LTC currency and its price does not go up will suffer a lot. No one can say how much this coin will increase.

[culuuton]

This analysis is unreasonable, especially based on the minimum trade on binance and kraken to determine the high or low LTC price. I think LTC is like current altcoins, not getting too much attention when people just look at bitcoin but growth is still very good, $119 soon.