US people are buying LTC while the other world is avoiding it - page 3.

cabron

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Quote from: boyptc on November 25, 2020, 07:41:27 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.

Why is there a limit of $10 for buying LTC in kraken?

Yes. I remember I got LTC on bittrex as airdrop from them back 2017 and it's worth $300+ when I sold it during the bullrun, It's sort of free money. As far as I know, the Chinese likes LTC and they are also investing more in it besides EOS. When there is bullrun, its going to go more than its ATH for sure.

mk4

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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.

boyptc

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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.

DashingAgent

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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.

Topic: US people are buying LTC while the other world is avoiding it - page 3. (Read 458 times)