so..do you still think it's price will raise back to 0.00000040-0.00000050 LTC, where it used to be?
That's just a matter of time.
It will not only be back there, but far surpass this mark.
My prediction: 0.00001000 by July 2014. Yes, you read that right. I'll say it again: 0.00001000 by July 2014.
Buy now, hold, thank me later
dream on!
We'll talk again in the July-Sep timeframe. Have fun selling your coins way too cheap.
Where do you get this confidence? I am a supporter, but why would the July-September time frame be so important? Help me understand.
No problem, always glad to help
Well, for one thing you should understand that Bitcoin basically dictates everything. Altcoins are NOT decoupled from Bitcoin, but they are strongly correlated.
So, once a full fledged bitcoin rally starts, and the bitcoin trend channel analysis (see for example
https://www.tradingview.com/v/Ko4CZ7mn/) predicts a rally with a probability greater than 50% beginning sometime May-July. So what will happen then?
Bitcoin price will skyrocket from 800ish to probably 3000-5000$. That means that the market cap of bitcoin will go from 8 billion to probably 40-50 billion dollars. So about 40 billion new dollars will flood the market. What will this mean for altcoins in general and tips in particular? It means there will be a gigantic flood of noobs with lots of cash wanting to buy cheap coins. The better ones will stand out.
The tips rebranding should be long finished by then. With all those features, tips will be among the better coins.
If only 0.5% of the newcomers put their money into tips, yes only 0.5%, that's already about 200 million dollars. Tips market cap is currently 400k$. Now you can do your math. Ok, let's be more conservative. Say, only 0.1% put their money into tips. That's still a staggering 40 million dollars, 100x the current market cap!!! So the price
could (nothing is 100% certain) rise to 1000 Litoshi. That is my basic estimate. That is why I'll never ever sell my tips. Every dip I buy more. Actually I'm happy that tips is so low now, I'll buy more btc and put even more into tips
Don't let all those trolls get to you. They actually just want to spread fear, so that you panick sell your coins cheap. Then they can buy more at a lower price.