Topic: US people are buying LTC while the other world is avoiding it (Read 514 times)
This analysis is unreasonable, especially based on the minimum trade on binance and kraken to determine the high or low LTC price. I think LTC is like current altcoins, not getting too much attention when people just look at bitcoin but growth is still very good, $119 soon.
December 03, 2020, 10:44:39 PM
The US people are buying LTC coins and the rest of the world is avoiding it because the demand for these currencies is much lower in the crypto market. The recent rise in the price of Bitcoin has greatly reduced the demand for other currencies. Everyone is trusting Bitcoin for investment there is no chance of being scammed here the American people buy LTC currency and its price does not go up will suffer a lot. No one can say how much this coin will increase.
December 03, 2020, 01:31:36 AM
We need to find a way to clear bitcointalk from these topics. I understand that we are in a free speech world and I understand that as long as there is nothing illegal with the topic this is "helping" bitcointalk to stay active or whatever.
But, when you have 3-4 accounts that keep starting topics just for the sake of starting topics and usually do not even follow up, just start the topic and end up running away afterwards to start another topic and so forth, this causes trouble. I would rather have a slower and less topic bitcointalk with high quality over having more topics and move active bitcointalk with very low quality like this one.
If we do not do anything about this, there is no end to what could happen, we could have people spamming here constantly.
But, when you have 3-4 accounts that keep starting topics just for the sake of starting topics and usually do not even follow up, just start the topic and end up running away afterwards to start another topic and so forth, this causes trouble. I would rather have a slower and less topic bitcointalk with high quality over having more topics and move active bitcointalk with very low quality like this one.
If we do not do anything about this, there is no end to what could happen, we could have people spamming here constantly.
November 28, 2020, 05:09:42 PM
Your calculation is not taking into account the reality, including large holders.
Take the current LTC distribution:
Wealth Distribution
Top 10/100/1,000/10,000 addresses
11.76% / 41.60% / 63.05% / 76.79%
10,000 addresses weight 77% of the supply.
and only 1M addresses contain more than $1 worth of LTC
--> bitinfochart
Take the current LTC distribution:
Wealth Distribution
Top 10/100/1,000/10,000 addresses
11.76% / 41.60% / 63.05% / 76.79%
10,000 addresses weight 77% of the supply.
and only 1M addresses contain more than $1 worth of LTC
--> bitinfochart
November 28, 2020, 04:30:51 PM
This analysis and prediction is funny. I doubt LTC will go as high as $1k+. Let's hope this is not an avenue of adverting LTC.
November 28, 2020, 01:29:34 PM
Litecoin has never felt like it is something I would like to invest, ever since Charlie Lee became a big part of it and ended up selling a ton of it, I have always felt that litecoin is not something to trust, even the person at the head of it doesn't trust it enough to keep it so why should I trust it? Hence for the past 3 or 4 years I haven't invested heavily into it, had it a bit for a while but it was such a small number that I just did it for a short term gain and after it increased I ended up selling it once again.
I am not planning on reinvesting into it anytime so neither so it could be just ignored for me by all accounts. Obviously I am not saying everyone else should neither, that is your decision and do whatever you think would be the right thing to do.
I am not planning on reinvesting into it anytime so neither so it could be just ignored for me by all accounts. Obviously I am not saying everyone else should neither, that is your decision and do whatever you think would be the right thing to do.
November 28, 2020, 02:03:15 AM
I'm still thinking of the relation between the title and the content of your post. Well, so, it is about people worldwide or the US people? And it is about US people purchasing or worldwide people must purchase? And why do the US people are purchasing?
However, I think that it will not happen with your calculation. No one will order it for all people in the world. if it is only a parable, I think it still doesn't make sense. If all people in the world should buy crypto, they will prefer to spend their coin for BTC. But this is only my opinion.
However, I think that it will not happen with your calculation. No one will order it for all people in the world. if it is only a parable, I think it still doesn't make sense. If all people in the world should buy crypto, they will prefer to spend their coin for BTC. But this is only my opinion.
November 28, 2020, 01:43:58 AM
US people are buying LTC while the other world is avoiding it
There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.
There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.
LTC can hit 119$ or even more in the future but i do not understand that binance will allow you to trade only $10 worth of Litecoin. That is not the case. You can trade any amount of litecoin as far as i know. Your calculation is also not accurate but not everyone will buy litecoin as there are bitcoin and other currencies too in which people may be interested to invest.
November 27, 2020, 11:18:28 PM
US people are buying LTC while the other world is avoiding it
There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.
There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.
No one is avoiding litecoin as like you said.Because litecoin is the good project with more investment. In localcrypto, onle 3 coins are listed. The three crypto was Ethereum, bitccoin litecoin. The trusred cryptocurrency will have huge investor and traders.
legendary
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November 27, 2020, 11:15:25 PM
The LTC dropped more than -30% and for a lot incurred losses but I do not consider it as dead because there are a lot of people who want to trade it and you can see it in its volume in the chart.
No doubt there that the volumes are spiking but why? I think it is best to stay away from coins that are pumping or about to get pumped judging from the charts without having a clear reason to. Like I have earlier said, litecoin is one of those coins currently at the top only because it was among the very first coins to be developed that's, it's benefiting from the first mover advantage and not that it has much to offer. Why do I have to use Litecoin if bitcoin is still functioning properly?.
Pump and dump are still a thing in the industry and can be carried out with any coin. If you're trader then you can go for the short term profit but don't go in as an investor or you might end up regretting, even the founder has offloaded all his Litecoin bags years back publicly. Although the reason for that actions was clearly stated still there's could be more reason behind such decision.
November 27, 2020, 11:04:25 PM
Litecoin price will keep going up if Bitcoin's price goes up. It has a close relationship to BTC and many people use it as an intermediary coin to avoid high fees when using centralized services. Litecoin by itself is not that interesting. You can hold it as an investment because it will perform better than fiat and traditional investments but it's value in BTC will probably go down in the long term.
November 27, 2020, 11:00:37 PM
US people are buying LTC while the other world is avoiding it.
Although there's no source to this claim but if we're to assume It to be true then the rest of the world has to be smarter than US Investors. There's no good in litecoin, I don't see it adding any value to the industry. Litecoin is dead and just one of those projects enjoying the first mover advantage as without that they would had been lost gone like other newly created tokens.
The only scenario that'll pump litecoin is when every other old coins are pumping then in anticipation for litecoin to join the party, Investors will start buying. Litecoin on its own don't have any bullish news even their last halving event couldn't have any positive effect on the price. It only got pumped post halving but dump immediately afterwards.
November 27, 2020, 09:30:30 PM
US people are buying LTC while the other world is avoiding it
There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.
There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.
No one is avoiding litecoin as like you said.Because litecoin is the good project with more investment. In localcrypto, onle 3 coins are listed. The three crypto was Ethereum, bitccoin litecoin. The trusred cryptocurrency will have huge investor and traders.
November 27, 2020, 06:25:48 PM
I guess you mistype one 0 in your thread.
Litecoin is a good coin and dont underestimate it. It is lighter than bitcoin and faster than bitcoin. However, improvement is needed because there are many disadvantages in the network. But this is not a big issue. Mass adoption is required for litecoin to become more popular
Litecoin has existed for many years. Thats the main reason for people to buy it without hesitation
Litecoin is a good coin and dont underestimate it. It is lighter than bitcoin and faster than bitcoin. However, improvement is needed because there are many disadvantages in the network. But this is not a big issue. Mass adoption is required for litecoin to become more popular
Litecoin has existed for many years. Thats the main reason for people to buy it without hesitation
November 27, 2020, 05:57:14 PM
So which part of the OP post supports the narrative that US traders are buying LTC? I'm honestly confused.
Are we talking about facts or predictions here?
Very observative of you, I was really surprised the first few users to have commented until you came along. Clearly, the bone of contentment or theme of the topic was very much absent. All that was projected are speculations which are very far from being a fact. I wanted to know the bases as to why US citizens has focused on LTC, either there is a news from a study or BTC recent growth relativism with LTC and more of stuff like that. No doubt, LTC has been able to stand out and would appreciate in value with time but, I still don't see this to happen anytime soon.Are we talking about facts or predictions here?
I felt the same way as both of you after reading through the title and the body and couldn't find how it was correlated with US people patronizing Litecoin. It got my attention because LTC hasn't seen much growth recently (I mean tech-wise) because I've been following their development progress on Github and not much has been achieved so far. I thought I was missing out on something so I checked the thread out.
Talking about OP's calculations abd predictions, I don't think its viable right now considering LTC has been low on the radar not to mention the recent LTC price moved was heavily fueled by Bitcoin's recent rally.
November 27, 2020, 01:43:34 PM
So which part of the OP post supports the narrative that US traders are buying LTC? I'm honestly confused.
Are we talking about facts or predictions here?
Very observative of you, I was really surprised the first few users to have commented until you came along. Clearly, the bone of contentment or theme of the topic was very much absent. All that was projected are speculations which are very far from being a fact. I wanted to know the bases as to why US citizens has focused on LTC, either there is a news from a study or BTC recent growth relativism with LTC and more of stuff like that. No doubt, LTC has been able to stand out and would appreciate in value with time but, I still don't see this to happen anytime soon. Are we talking about facts or predictions here?
November 27, 2020, 01:30:41 PM
As long as there is no evidence to show that the US people buy Litecoin while people from other countries avoid it.
I will not believe it, because I believe it is not only US people who buy Litecoin, but investors from other countries
are also buying Litecoin. Since Litecoin is a top altcoins that is quite attractive to many investors. Therefore, for the
Litecoin price prediction, I agree that this year's Litecoin price can be above the $ 100 price.
I will not believe it, because I believe it is not only US people who buy Litecoin, but investors from other countries
are also buying Litecoin. Since Litecoin is a top altcoins that is quite attractive to many investors. Therefore, for the
Litecoin price prediction, I agree that this year's Litecoin price can be above the $ 100 price.
November 27, 2020, 08:20:24 AM
Even though LTC going up to $119 is very possible as it's only going to take a few green days from here, that's a really bad investment thesis. Just because everyone can buy $10 worth of LTC, it doesn't mean that they will.
LTC is pretty much just almost like a Bitcoin testnet anyway.
LTC is pretty much just almost like a Bitcoin testnet anyway.
Exactly. What kind of math that is to predict the price of any coin?
If so then BTC would have added two zero's more in it's current price since there virtually no limit to how much one can buy. In fact OP is limiting the purchase capability on hypothetical basis.
If binance restricts buying upto $10 then I could just go to 10 different exchanges and buy upto 100 bucks! That will distort the calculation that you just did mate.
November 27, 2020, 08:13:37 AM
The highest for LTC was $300+. I don't understand the calculation for $1120 just because of purchasing power with a minimum of $10 for each user.
It won't happen. Your prediction of about $119 per LTC is possible though.
And even that was due to the FUD created in the market during the days of ICO era. Bitcoin was at it's ATH and so let's not forget what drove Litecoin to it's ATH of 300+It won't happen. Your prediction of about $119 per LTC is possible though.
~snip
let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know.
let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know.
While the numbers seems quite optimistic the theory to reach those numbers seems shit to me. Why would every person buy LTC ? Just because they can ?
There are thousands of coins out there in the crypto market. Will people buy them all just because they can ?
You should provide a solid theory based on facts if you want people to believe it.
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November 27, 2020, 04:51:37 AM
US people are buying LTC while the other world is avoiding it.
Although there's no source to this claim but if we're to assume It to be true then the rest of the world has to be smarter than US Investors. There's no good in litecoin, I don't see it adding any value to the industry. Litecoin is dead and just one of those projects enjoying the first mover advantage as without that they would had been lost gone like other newly created tokens.
The only scenario that'll pump litecoin is when every other old coins are pumping then in anticipation for litecoin to join the party, Investors will start buying. Litecoin on its own don't have any bullish news even their last halving event couldn't have any positive effect on the price. It only got pumped post halving but dump immediately afterwards.
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