The Bitcoin wiki says Litecoin will eventually fail due to an attack on the relatively weak network.
Apparently a bunch of people don't know, or choose to ignore the warnings.
Topic: Is this Litecoins first bubble? - page 3. (Read 3815 times)
What does everyone think? Value has jumped dramatically over the past week and am curious on everyone's opinions.
Personally I think this is a bubble, the price increase is too dramatic for natural growth. It's caused by speculation and and everyone hoping it will be there next Btc investment. The first sign of trouble will cause a calamity of uncertainty and crash the same way Bitcoin experienced it's first bubble. There is not enough liquidity or Ltc economy currently to support the large price rise. Regardless of what is in the works it is rising at too fast of a rate to support its growth. Ltc will not hit $3 before its crash.
Now please share your opinions and remember this is all my opinion, not a Ltc hater in fact I plan on buying 10k worth when it does pop.
Personally I think this is a bubble, the price increase is too dramatic for natural growth. It's caused by speculation and and everyone hoping it will be there next Btc investment. The first sign of trouble will cause a calamity of uncertainty and crash the same way Bitcoin experienced it's first bubble. There is not enough liquidity or Ltc economy currently to support the large price rise. Regardless of what is in the works it is rising at too fast of a rate to support its growth. Ltc will not hit $3 before its crash.
Now please share your opinions and remember this is all my opinion, not a Ltc hater in fact I plan on buying 10k worth when it does pop.
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