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/biz/ - Business & Finance

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50526690 No.50526690 [Reply] [Original]

Litecoin being around since October 2011 as one of the worlds earliest altcoins created by Charlie Lee. Lee Is a turkey baster. Litecoin by many is considered to the silver of Bitcoins gold.

Whether you believe Litecoin is the silver to Bitcoins gold isn't the point of this post. The point of this post is to show how Litecoin preforms in correlation to Bitcoins halving's.
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On November 28th, 2012, Bitcoin had its first halving, cutting the block reward to 25 from 50 btc. By October 1st, 2013, Bitcoin was trading at $132.04. By November 29th, 2013, Bitcoin traded at $1,127.45.

On October 1st, 2013, Litecoin was trading at $2.43 by the peak of the cycle Litecoin was trading at $50.27 on November 27th, 2013.
__________________________
On July 9th, 2016, Bitcoins 2nd halving had come, and Bitcoins block reward was cut in half to 12.5. Trading at $650.32. By 15 December 2017, Bitcoin hit an ATH at $19,665.39.

On July 9th, 2016, Litecoin was trading at $4.13. By 17 December 2017 Litecoin hit a high of $360.66.
________________________________

On May 11, 2020, bitcoins 3rd halving had come, and Bitcoins block reward went in half from 12.5 btc to 6.25 btc.

On May 11, 2020, Bitcoin traded at $8,604.75. By Nov 10, 2021, Bitcoin hit an ATH at $69,044.77.

On May 11, 2020, Litecoin traded at $41.57.
By May 10, 2021, Litecoin hit a new ATH at $410.26.

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Litecoin has performed very well during the same Bitcoin halving cycles, and I think based on past history Litecoin is likely to see another 10x in price approximately 1 year after the upcoming halving. whereas Bitcoin I believe will only do a 5x.

I am not saying don't own Bitcoin. Bitcoin holds it value after halving's far better than Litecoin which usually plumets downward. I do think owning a percent as a swing trade could fair very well for the upcoming halving.

>> No.50526696

>>50526690

scam

dont buy

>> No.50526709

>>50526696
OH FUCK YOU I SPENT 20 MINUTES ON THIS!

>> No.50526719

>>50526690
ALSO THIS ISNT FINANCIAL ADVICE THIS IS FOR ENTERTAINMENT PURPOSES ONLY.

>> No.50526801
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50526801

>>50526709
>>50526719
dont feel bad its the same guy fudding it every damn thread. Might be the same guy who used to call charlie a scam.

Its literally the same 5 people in these litecoin threads, one day biz will see they should have trusted in ltc.

>> No.50526830

I sold all my litecoin long ago and never looked back

this IS financial advice btw

>> No.50526849

>>50526690
litecoin no valve now original bitcoin was the testnet for and used. useless litecoin was bitcoin the never will be cope and boomer seethe mald

>> No.50526859

>>50526690
I fucking love Litecoin

>> No.50526875

>>50526859
i lucking fove citeloin

>> No.50526965

>>50526801
>1 of 5 checking in

now this is a real coin i can get behind, ahhh yup
*sips on iced coffee
brb gotta go flip the bacon ahhh yup

>> No.50527069

>>50526801
I don't think Litecoin has a real potential in terms of being a better SOV to Bitcoin. But I do believe with conviction that LTC will outperform Bitcoin in the halving. LTC moves very fast, so its best to take the profit and run.

>> No.50527095

>>50526690
Litecoin is nice for moving money around due to low fees and support on almost all exchanges.
It's also great that they now have opt-in privacy (MWEB).
Overall it's not a bad coin. I wouldn't hold a lot of it.

>> No.50527241

>>50527095
I agree I do plan to build a position in it. Ideally, I'd like to own 2 btc then up to 840 LTC

>> No.50527275

>>50526690
it's a fucking ponzi. Sell why you still can and get yourself some bitcoin. Like the founder did.

>> No.50527292

>>50527095
It's also the second most widely used crypto as payment after btc: https://bitpay.com/stats/

>> No.50527301

>>50527275
Charlie did his part and realized owning a stake in Litecoin was highly controversial and him saying anything about it could cause disturbance. Hence why I believe Satoshi left. its designed not to have a CEO or owner.

>> No.50527312 [DELETED] 

>>50526690
@InvestorMcDermo to follow me for more on twitter.

>> No.50527358
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50527358

>>50526709
oopsie hehe

>> No.50527389

>>50527358
getouttahere

>> No.50527418

>>50526690
my twitter is @CryptoMcDough

>> No.50527612

>>50527275
there is my man, i cant believe you are still finding nearly all ltc threads to post that in

>> No.50527805

>>50527292
This....LTC is only trashed by deluded linkies here on /biz/

>> No.50528520

Lee killed Litecoin it should of had an ath in 2021 instead we got shit. Don't buy litecoin it's obviously a scam. Fucking doge did better than this.

>> No.50529047

>>50528520
Dogecoin is protecting this coin due to merge mining.

>> No.50530513

>>50529047
More like slowly suffocating it to death by a billion cuts. Buy Litecoin stay poor

>> No.50532414
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50532414

I like this coin it easily has the best memes the only competition that comes close is LINK and ICP. My DCA this accumulation season is 10 LTC a month

>> No.50532594
File: 601 KB, 1925x1130, boomer litecoin.png [View same] [iqdb] [saucenao] [google]
50532594

>>50526690
Based. Zoomies and newfriends don't know a real coin when they see one. Only boomers have the wisdom and patience to stack digital silver

>> No.50532905
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50532905

>>50526690
>>50526859
>>50526965
>>50532414
>>50532594
Based.