Check my logic. Litecoin will be the scaling currency. Bitcoin the settlement currency.
Think of it this way; for your theory to work, would mean a part of the money would have to move from bitcoin's whales to litecoin. BTC already has a civil war, a huge flippening threat from ethereum, and now you're telling me btc whales desperately want ltc segwit to pass and are boarding too with a part of their money ? Can't be, btc whales are not suicidal, they would risk too much. If they wanted to exit, they would have done it by now.
Whales will simply not risk their wealth for something as dumb as this, kill the largest part of their wealth just to move it into another coin lol.
LTC's volume is just a pump. Most of btc's value that moved away from it in fear, moved into ethereum. But know what all these other altcoins had in common ? Each of them had their own shares of pump series, because they all tried to attract the money flow from bitcoin and into making people believe there's where money's moving.
Incorrect logic. Only the
disgruntled minnows need to move, and remember (in a Zipf distribution) the minnows do control 33% of the wealth, but they just aren't usually organized and can be manipulated by whales. But there is something else maybe going on, which is that those BTC whales (and/or dolphins) who are on the scaling side of the civil war, now have a way to increase their relative wealth while getting the scaling they want. They can't act within the Bitcoin ecosystem without getting burned. But they can trade.
LTC provides a proxy for the various parties to profit on resolving their differences. Money moves in the direction of the least resistance and that which allocates capital to the most production.
LTC might flag pattern here a bit (pull back a bit) while the market digests whether Bitcoin is really stuck in a stalemate with ever rising fees. But it is very likely going much higher.
Remember silver is the money for the common man. Litecoin is the silver to Bitcoin's gold. Bitcoin is the money for the small blocks with very high fees. Litecoin will be the scaling currency. Of course the smart miners and developers had a plan B. It makes complete sense now in retrospect.
Litecoin will now be known as the scaling currency. Bitcoin will be known as the power broker's settlement currency.
sure but regular man will be able to use ETH DASH... LTC is another Chinaman currency.
Once ETH will adopt LN and stuff like that i don't see LTC becoming that "silver"
Ethereum's Raiden which is a LN clone will likely be ready sooner, but Ethereum doesn't have the same security (due the hacks possible with its scripting and willingness of community to do HFs) as Bitcoin and Litecoin with more mining as it scales up to 1/5 of Bitcoin's marketcap. Ethereum is in a different market of doing more applications with blockchains, not just payments.
There is a reason that Scrypt ASICs were made. This plan for Litecoin has apparently been made a long time ago. Some smart people had foresight.
If i were bag-holder i would sell today 80%
I posit that LTC is changing from weak, tired hands to strong hands who know the real value proposition. Once the weak hands are out, then we continue skyrocketing upwards.
Half of the entire marketcap of LTC was traded today. I've never seen that happen any where.
Those 2 cents altcoins are irrelevant. Litecoin has the status to be the silver to Bitcoin's gold.
you know what if i really want "silver" i would use fucking DOGEcoin much better silver than LTC.
Dogshit isn't silver:
Chihuahua WoW has no SegWit/LN nor quality development.
... but Ethereum doesn't have the same security (due the hacks possible with its scripting and willingness of community to do HFs) as Bitcoin and Litecoin with more mining as it scales up to 1/5 of Bitcoin's marketcap...
Like that would be reason for people to chose LTC over ETH come on.
ETH was attacked multiple times and what they live at 2-5 bilon market cap all time.
You act like the DAO attack and community HF never happened.
Different security model entirely. Not immutable, more risk given Turing complete scripting. Yet also more experimentation for killer blockchain apps. Ethereum is a different market than what the silver to Bitcoin's gold must be.
I'm still invested in ETH because blockchain applications are going to have utility, and Ethereum is racing ahead faster with developments.
Re: Litecoin has potential. Beyond $50?There's something else there, look at the volume.
and etc managed volumes well over 100,000 btc, then it went and did nothing for a long, long time when it went back to a fraction of that volume.
Wasn't that due to the DAO attack?
i am not intelligent enough to take it all in. you know way more than me. i just call it how i see it.
The game theory and economics is such that SegWit softfork (necessary for enabling the scaling of Lightning Networks) can't be enabled on Bitcoin. Stalemate is the indefinite status quo.
Litecoin (at its current market cap and situation at this juncture in time) has different game theory and economics, thus it
hypothetically can enable SegWit and get rolling on scaling.
Ostensibly I threw out the
hypothesis that the whales and miners have been (as quietly as possible) accumulating (both LTC and Scrypt ASICs) in order to prepare for a massive upward revaluation of Litecoin as the scaling option to Bitcoin's strict small block future.
This is very speculative (and rushed) analysis and lacking thorough due diligence.
