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/biz/ - Business & Finance


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58405701 No.58405701 [Reply] [Original]

I thought this time it was going to be different bros...

>> No.58405709
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58405709

>he bought losercoin

>> No.58405723
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58405723

>>58405709
more like didn't sell, I picked it up around $62 average and instead of selling I believed in the pump

Grayscale is the only hope now...

>> No.58405732
File: 73 KB, 976x578, growing network effect of SoV versus ltc.png [View same] [iqdb] [saucenao] [google]
58405732

>>58405701
Don't let baggies mislead you into thinking there is any bullish case for LTC. There isn't. Even if it got ETF approval like a year from now, there wouldn't be any significant interest and lasting buying pressure through them.

>> No.58405739

>>58405701
You fell for Charlie Lee's shill bagholders (they do it for free)

>> No.58405743
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58405743

>>58405732
>LTC averages about 100k transactions per day less than BTC. In previous years, this gap was significantly larger. LTC is 0.5% of BTC's marketcap despite growing hashrate and a close transactional rate.

it's too late for me to de-accumulate, I'm fine holding a bag long term

>> No.58405770

>>58405743
That doesn't matter. If you don't even know the bull case for bitcoin you are wasting your time pretending to know what could be bullish for litecoin. This is just one of those things that is counter-intuitive for normies, but it obviously isn't new for altcoins to shill themselves on the basis of "it is better for transacting than BTC" yet this has never mattered even if it were true. This is because in the process of something being monetized it must exhaust the network effect growth of it being used as a store of value first, which litecoin has made no progress in doing. Sustainable use as a widespread medium of exchange comes after growth in terms of SoV being nearly exhausted. BTC has made plenty of progress in that first stage of something being monetized, but it has a long ways to go yet so the growth of it can continue to dwarf litecoin's like it has in the chart I posted. Spending litecoin just results in the recipient dumping it for something else like fiat or BTC.

>it's too late for me to de-accumulate, I'm fine holding a bag long term
sunk cost fallacy

>> No.58405778
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58405778

>>58405770
>>58281331
>>58281331
Grayscale LTCN managed to accumulate 3% of the supply in under a year and are still accumulating as of yesterday, they are my only hope.

>> No.58405782
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58405782

>Look guys! I bought le funny crab deadcoin!!
>gets rugged all over AGAIN
>I thought it was different this time bros....
istg yall niggers are like wives that let the husband abuse them. Fucking disgusting. Not even holding $super or playing anything that they've partnered with recently comes as near as this kek

>> No.58405784

>>58405770
>sunk cost fallacy
Just a reminder I'm at $62 average

>> No.58405860

Stop trying to make litecoin happen, its not gonna happen.

>> No.58405866

>>58405782
>laughing about rugging
>proceeds to recommend a web3 gaming shitcoin
peak biz business and finance right there bro

>> No.58405867

>>58405701
I just bought in, what am I in for?

>> No.58405868

>>58405860
sorry to break it to you. It already happened, newfag.

>> No.58405870

>>58405739
everyone shills for free given enough time to baghold :)

>> No.58405872
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58405872

>>58405782
based comment makes me hard

>> No.58405875

>>58405866
way better having something to actually do instead of going balls deep on a literal deadcoin.
Besides. If you DCA with a proper average per buy you can literally outperform ltc AND chainlink, both at the same time.
just kys

>> No.58405879

>>58405867
death, destruction and cumbia.

>> No.58405880

>>58405866
>>proceeds to recommend
where the rec at btw, you fucking faggot? I just mentioned it.
RENT FREE

>> No.58405883

>>58405701
can you fucking wait and see what happens after the halve instead of prematurely bawling like a fucking retard?

>> No.58405884

>>58405879
Comfy

>> No.58405886

>>58405732
Any smart person wont fall on that bullshit trap. But then.... you have biz

>> No.58405888
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58405888

>>58405701
gtfo op, just go

>> No.58405891
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58405891

>>58405782
we are talking about long term stores of value here retard not adhd short term instant gratification (or instant liquidation) shitcoins. shoo, shoo.

>> No.58405913
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58405913

>>58405888
gtfo

>> No.58406086

i bought 60 LTC this week

>> No.58406136

>>58406086
How's $240,000 sound?

>> No.58406223
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58406223

>>58406136
sounds like a brand new john deere in my near future !

>> No.58406244

>>58405778
Buy an ad faggots
>hurr durr we own 3% of all the toxic waste on planet earth!

>> No.58406407

>>58406223
Based

>> No.58406483

>>58406244
3% is quite a lot for one entity tbf (outside of Satoshi with BTC). It still wouldn't be on the level of Coinbase/Kraken/Binance though.

I don't think you understand, the purpose of the trust is to dump on boomers.

>> No.58406538
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58406538

>>58405701
coin literally got fucked by TAU with their token AGRS and you're still believing that shit that's only useful for buying illegal stuff will do something kek

>> No.58406614
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58406614

faggot