Thread replies: 7
Thread images: 2
Thread images: 2
Litecoin is probably the worst investement you can make of any crypto IMO, specially at this price. Its record as a store of value is abominable and it relies on periodic "resuscitation" pumps just to be kept alive.
Clearly the place not to buy is right at the top of one of those spikes - or in fact anywhere during a litecoin spike, unless you happen to know exactly where you're going to jump off.
The current pump has nothing to do with scaling. It would be if litecoin implementing segwit could scale bitcoin but it isn't, it's scaling litecoin and so it's no more a driver or value than any other scaleable altcoin is. The reason for the pump (as you can see from that chart) is that whales are accumulating bitcoin, not litecoin and are using the recent addition to coinbase as a basis for fleecing unassuming traders jumping on the bandwagon, just exactly as they did with the previous 'spikes'.
>>
File: 1497189822592.png (134KB, 266x300px) Image search:
[Google]
134KB, 266x300px
This time it's different.
>>
Post address, you deserve some doge for such a hot tip
>>
>>2444101
Post addresses for free Gibs from this huy.
>>
>>2444080
>Not posting in USD
Your chart is essentially looking at two variables and calling it one.
It's a terrible investment for people that don't like
>high liquidity
>low fees
>fast transfer
And to top the whole thing off, because of short sighted idiots like you, it's well distributed because of years of FUD, so the price is fairly resistant to pump and dump
>hating on the tech that is the closest we have to satoshis dream
Lol
>>
My investment isn't high enough for me to worry even if there is another crash. I can always wait for another spike to consider jumping off, not this time though.
>>
>>2444080
If you have LTC and want to dump your bag. Send here : LfNW1HHyRqxgKpGU82tn3aW29AmqkEPEcd
Thread posts: 7
Thread images: 2
Thread images: 2