Litecoin Surge Could Boost Bitcoin - page 3.

arpon11

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Quote from: Beerwizzard on March 26, 2019, 09:13:58 AM

Almost every currency is paired to BTC. If for some reason only a single altcoin (not the entire market) is surging then most people are probably selling it for bitcoin. Which means that similar thing can apply with every altcoin, the fact that in the article everything is described on the example with litecoin doesn't really matter.

I think you have made a good point here! It is very important we should know that bitcoin pair with most of the altcoins in the exchanges platforms and a single coin may not influence it pricing direction much. We should also remember that bitcoin is the only coins that if it is surging do draw almost all others cryptocurrencies with it and I believe that when dollars or fiat is weaking against bitcoin that is when the cryptocurrencies market surge.
Litecoin has no capacity to makes bitcoin surge! Come to think of it, how much is the over all market capitalization of litecoin and what are it dominance in cryptocurrencies market?

btc_angela

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Quote from: JessicaVL on March 26, 2019, 07:26:48 AM

Litecoin has been experiencing a strong surge of late and some analysts believe this could be setting Bitcoin up for an eventual recovery.
To learn more read here: https://www.cryptofish.com/blog/litecoin-surge-boost-bitcoin/

Yes, it is a strong surge but I don't think it can significant effect on bitcoin's price. If there is an effect then obviously by now the price of bitcoin should also risen. So let Litecoin go on a boom today and just wait for the eventual bitcoin's bull run next year.

n0ne

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Every cryptocurrency is related to cryptocurrency in one way or the other. Litecoin suddenly experienced a big price increase and the same gets related to bitcoin as both were on the same platform. Even now there is a massive drop of around $60 with bitcoin, but Litecoin experienced such a big drop. Litecoin grow needs to take place with bitcoin in a mutual way.

coin-investor

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Quote from: mk4 on March 26, 2019, 09:25:41 AM

I honestly don't even see why people buy Litecoin and why we need it, maybe besides a lab rat to test stuff that could be added to bitcoin. The tagline "silver to bitcoin's gold" makes zero sense to me.

Why not litecoin has been one of the few coins in the market that have done great marketing of their coin, and it has good support from traders as you can see in the market, they are the only coins that are gaining a lot from the market current condition, so to the tag silver to bitcoin gold should stay.

qiwoman2

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Litecoin is halving in August so we might see the bull run before the bull run being sparked off by LTC. Looks like though the rally is slow and steady for Litecoin and I am not sure if a month or so before the halving we get a parabolic swing upwards with LTC, or just a slow and gradual climb like is happening right now as more and more peeps fill their bags with LTC because of the knowledge of the big event coming. I have no clue how much upside LTC has form here on but the last bull run got it to five times the price it is now. I think personally we are a long way from a parabolic rise but it might do a nice little pump before the event, like buy the rumor sell the news type of thing but maybe settle at around a hundred bucks or so after the halving event occurs.

Gaff

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Quote from: suzanne5223 on March 26, 2019, 09:34:59 AM

Quote from: JessicaVL on March 26, 2019, 07:26:48 AM

Litecoin has been experiencing a strong surge of late and some analysts believe this could be setting Bitcoin up for an eventual recovery.
To learn more read here: https://www.cryptofish.com/blog/litecoin-surge-boost-bitcoin/

Litecoin does experience surge in price but there is nothing behind the surge which the coin had early this year and the current surge in price of the was because of the lightning network and the new core version which was implemented by the team involved. With that been said, I wont trust much in litecoin surge or believe what the article says if I were you.

If that surges very fast, I think there's a hype behind litecoin and that's not worthy to become believable to boost bitcoin price as well. Probably those so called improvements mentioned here could do those awesome things with bitcoin, and as its going to be implemented soon the trust will be built from the people behind it. Trusting your litecoin is great idea, but not to the fullest because it's always good to be clever rather than being a failure after all. Have some other alternatives with other promising crypto, so that you won't be focused on only one asset.

vv181

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Cryptocurrencies market as a whole is somewhat correlated when Bitcoin prices surge the market follows. So does in reverse. However, I don't see the point where Bitcoin is dictated by altcoins markets, AFAIK. Although I believe somehow when some big influencer is taking consideration of blockchain technology or cryptocurrencies in general, undirectly Bitcoin awareness a little bit rising, as a result, there are some market movements.

cryptjh

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I think the Litecoin price is bullish due to the halving later this year, but also do to the talk about adding a privacy mimblewimble function to litecoin, that's why I bought a few litecoin. If this mimblewimble really gets implicated into litecoin, I think we will see litecoin go to new highs. And if mimblewimble works with litecoin we would maybe also see it added to bitcoins one day in the future.

proTECH77

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Quote from: JessicaVL on March 26, 2019, 07:26:48 AM

Litecoin has been experiencing a strong surge of late and some analysts believe this could be setting Bitcoin up for an eventual recovery.
To learn more read here: https://www.cryptofish.com/blog/litecoin-surge-boost-bitcoin/

Basically, i thought all altcoins looked up to Bitcoin and not Bitcoin looking up to any of these shittcoin just named. Whenever Litecoin is sold, its done solely for the exchange of Bitcoin, so, all altcoins depend on Bitcoin to surge. Remembering the last market price surge, its was as a result of Bitcoin high demands, which was not of any (shitcoin)altcoin.

californiacollective

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Hopefully this pair continues to gain steam. It looks like both are holding support.

BrewMaster

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i don't really see any "surge" so imagine my surprise reading the very first line your comment here!
as for the prire relations, so far i have not seen it work that way in the past 9 years that LTC has been around. in fact it has always worked the other way around meaning when bticoin rises litecoin gets pumped to follow it up.

kodtycoon

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bitcoin recovery is not enough just with Litecoin, analyzing some important points that will make bitcoin recovery namely the level of demand in the market for bitcoin not for altcoins. altcoin products are indeed helping bitcoin recovery but that is not enough and basically very simple but speculators extend a confusing story I think the recovery will be obvious if bitcoin rises 25%

Beerwizzard

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Quote from: jseverson on March 26, 2019, 09:30:34 AM

Quote from: Beerwizzard on March 26, 2019, 09:13:58 AM

If for some reason only a single altcoin (not the entire market) is surging then most people are probably selling it for bitcoin.

Wait what? If people are selling it for Bitcoin, wouldn't the price dynamics move in the opposite direction? The coin they're selling would slide while Bitcoin would surge?

Either way, if Litecoin's halving is indeed the catalyst for this pump (I feel that this is temporary), Bitcoin's won't be coming until early next year, with the halving estimated to happen around May 2020. I don't buy the Litecoin is shepherd and Bitcoin is sheep comparison mentioned in the article; if nothing else, it's the other way around. People are just trying too hard to look for signs of the end of the bear market.

Emm... Nope.
If people are placing more sell orders for LTC than buy orders then it means that the price is going down. At the same time demand in bitcoin is increasing which cause the price increase for bitcoin.
Also halving does not guarantee that the price will grow.

suzanne5223

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Quote from: JessicaVL on March 26, 2019, 07:26:48 AM

Litecoin has been experiencing a strong surge of late and some analysts believe this could be setting Bitcoin up for an eventual recovery.
To learn more read here: https://www.cryptofish.com/blog/litecoin-surge-boost-bitcoin/

Litecoin does experience surge in price but there is nothing behind the surge which the coin had early this year and the current surge in price of the was because of the lightning network and the new core version which was implemented by the team involved. With that been said, I wont trust much in litecoin surge or believe what the article says if I were you.

jseverson

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Quote from: Beerwizzard on March 26, 2019, 09:13:58 AM

If for some reason only a single altcoin (not the entire market) is surging then most people are probably selling it for bitcoin.

Wait what? If people are selling it for Bitcoin, wouldn't the price dynamics move in the opposite direction? The coin they're selling would slide while Bitcoin would surge?

Either way, if Litecoin's halving is indeed the catalyst for this pump (I feel that this is temporary), Bitcoin's won't be coming until early next year, with the halving estimated to happen around May 2020. I don't buy the Litecoin is shepherd and Bitcoin is sheep comparison mentioned in the article; if nothing else, it's the other way around. People are just trying too hard to look for signs of the end of the bear market.

mk4

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I honestly don't even see why people buy Litecoin and why we need it, maybe besides a lab rat to test stuff that could be added to bitcoin. The tagline "silver to bitcoin's gold" makes zero sense to me.

Beerwizzard

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Almost every currency is paired to BTC. If for some reason only a single altcoin (not the entire market) is surging then most people are probably selling it for bitcoin. Which means that similar thing can apply with every altcoin, the fact that in the article everything is described on the example with litecoin doesn't really matter.

JessicaVL

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Litecoin has been experiencing a strong surge of late and some analysts believe this could be setting Bitcoin up for an eventual recovery.
To learn more read here: https://www.cryptofish.com/blog/litecoin-surge-boost-bitcoin/

Topic: Litecoin Surge Could Boost Bitcoin - page 3. (Read 561 times)