Hopefully you get the point to the following story..
Late 2013 roughly i heard that big news about LTC going onto a Chinese exchange..
So I was already loitering around on BTCe flipping Bitcoins simply buying into dipps and selling
..making consistent money.
It always went down and always went back up so it was pretty easy to ride the waves.
Then i seen chatter on the Troll Box about the exchange news..
So i took the free cash i had sitting on there not tied up (used to keep a few grand just in case on there)
And i snatched up as much LTC as fast as i could.
I think i bought around $1,200 bucks worth.. can't remember exactly.
It kept going up and i ended up selling at the top making i think several hundred profit.
I dumped and I did not re-buy for while after that to wait for it to settle down.
I think back then it ended up around $30 a coin roughly.
So why does this matter ?
Well.. it was a stupid thing in a way.
Yes it aids adoption for currency usage but on the flip side it's just more speculator activity.
I have no doubt the price would follow if adoption leads the way.
I say that about any coin.
Either it gets used as a currency or it's a token for speculation. (which is not a good thing)
Any and all speculation tokens are doomed to gradually sink down to low levels price wise.
Profit is one thing but we have to get the shit used !
I don't mean in a superficial way either.
I mean finding out the real world outside users are using it as intended.
I seen a pop machine that takes various forms of payment the other day..
I thought of crypto coins.
We should have a foot hold in that market.
We small users may not be the most useful for getting deals setup on Coke machines but we CAN tell our friends and family about it etc.
I don't have too many answers on how but i see the direction we need to take.
EDIT:
@bitcoinlitcoinbtcltcGood job on your avatar.. that is the spirit