I don't care about Litecoin anymore, and only have owned it as a means to transfer from fiat on ramp to my trading exchange during BTC and ETH network congestion.
So you admitted that you used Litecoin when the transaction fees will be higher in BTC and ETH and majority will be using dogecoin as well and it is not a mystery because of the lower transaction fees.
in my opinion Litecoin is pretty boring in terms of development. It's value is mostly from a large network of miners and adoption by exchanges and merchants providing easy liquidity for traders or HODLers.
If there is a sloppy development in Litecoin do you think that the miners will be supporting them and would rather move to other profitable coin, Litecoin usually experimenter before the implement ion of soft and hard forks in bitcoin and it is well documented and it shows the development is not that sloppy.
Charlie knew all along about the direction of LTC, hence selling all his stake at the top. He didn't even announce it when he dumped, he later admitted that he sold at several points on the way up to all time high.
This is a fact that the inventor dumped all his coin when the price reach an all time high and the fact is that he ripped off bitcoin source code to make money and he made that and dumped the coins
.
IMHO, an overlooked problem with all scrypt-pow coins and Litecoin is the fact of about, again IMHO, 70-75% of all scrypt-pow miners in general and Litecoin
in particular are Bitmain L3's or L3+'s. Thus until 'miner capitulation' happens and all these are too old to mine and are shut off, at best Litecoin will go sideways
in price or dump even more in price and usefulness.
Adding, to this mess, the low LTC price and the lack of any progress or development with Litecoin (or at least no PR of such of any note if such progress exists)
it makes the whole future of Litecoin look dire indeed, again IMHO.
Brad
It is time to wake up and start working buddy. Bring innovations on crypto table or be gone!
