Litecoin is going bananas, and rightly so. Hilarious to see the twitter trends shift from "let's short this useless copy of bitcoin" to "this is going to be > $100 by year end" and "Litecoin should be 25% the value of bitcoin" (probably true statements)
But remember, vertical movement is a physics test. Corrections will occur--but when? This is my theory so far--but updating as movements unfold. This is a particularly meme/hype driven market so it could end up to $60 before the correction. $Crypto is particularly driven by positive and negative feedback loops so if mass hysteria keeps up, it could keep going. Litecoin is fantastic long-term (and I'm holding for years to come)--but nothing should move this fast without a correction. However, we could also be seeing a full shift in the perception of Litecoin, bringing it where it should be after a long time of it being highly undervalued. Only time will tell.
Live strong and HODL long.
tipping jars:
ETH: 0xAA33bAe03131f3aa36e1de3e4bD53583c41F8d64
LTC: LeMkJv1Xoxnt2YvRgKkNZZJRgZYgGzcSyv
BTC: 1CWDM7dYLoBwJyf2kbGANAmuySwFWC2NZu
Litecoin Theme Song (Pinball Wizard):
www.youtube.com/watch?v=4AKbUm8G...
Theme-song for $CRYPTO in general: www.youtube.com/watch?v=KYh7PwDo...
But remember, vertical movement is a physics test. Corrections will occur--but when? This is my theory so far--but updating as movements unfold. This is a particularly meme/hype driven market so it could end up to $60 before the correction. $Crypto is particularly driven by positive and negative feedback loops so if mass hysteria keeps up, it could keep going. Litecoin is fantastic long-term (and I'm holding for years to come)--but nothing should move this fast without a correction. However, we could also be seeing a full shift in the perception of Litecoin, bringing it where it should be after a long time of it being highly undervalued. Only time will tell.
Live strong and HODL long.
tipping jars:
ETH: 0xAA33bAe03131f3aa36e1de3e4bD53583c41F8d64
LTC: LeMkJv1Xoxnt2YvRgKkNZZJRgZYgGzcSyv
BTC: 1CWDM7dYLoBwJyf2kbGANAmuySwFWC2NZu
Litecoin Theme Song (Pinball Wizard):
www.youtube.com/watch?v=4AKbUm8G...
Theme-song for $CRYPTO in general: www.youtube.com/watch?v=KYh7PwDo...
הערה:
Might be seeing this today/tomorrow:
הערה:
watching this unfold
הערה:
downward unless something big happens
הערה:
correction continues
I had originally thought of the Bitstamp launch as adding thousands of new buyers, without adding sellers--but it could also be that a huge amount of LTC will be immediately imported into Bitstamp and sold as a way of correcting the market back down after today's massive accumulation.