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?