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RE: ??? Crypto Questions #3 - Litecoin

in #litecoin7 years ago

I see your point now and I like your explanations. Honestly you should include this breakdown in the post, it's more useful and informative!

However, I would also caution against looking at past trends as a prediction of the future. The bubble that burst recently was fueled by a lot of speculation and the word on the street. Perhaps Litecoin managed to relatively escape this because there wasn't that much attention given to it. But as we saw from other currencies, no matter how much support a coin has, speculation can always create a bubble. Litecoin is not immune to that in the future.

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Thanks for the advice, and i completely agree that we need to be cautious of speculation bubbles especially since this is all so new to many people who are just hearing on the local news about bitcoin millionaires, and are scrambling to throw money at it without much thought.