The LTC run has been insane over the last several days. Do you think the run is largely due to the influx of new CoinBase users? Many people I know aren't aware that crypto is divisible, and it's possible they would rather 1 LTC than a fraction of BTC or ETH.
Yes, I think that is a massive part of it. I wrote a post a few days ago (link below) on how new people even if they knew the 3 coins that Coinbase offer are divisible they would rather have 1 full LTC than maybe 0.5 of Ethereum or even less of a BTC. Plus the network traffic on the other two right now.
I agree with you completely. Plus, the ratio BTC/LTC ratio seemed oversold as well. LTC was due for a good run. It'll be interesting to see if the newcomers hodl through a correction.
I think with Bitcoin's high fees and slow transaction speeds plus cryptokitties slowing down the Ethereum network, people have seen that LTC actually does what it's suppose to.
Plus compared to both ETH and BTC it's cheap so a good entry point.
bought 20 LTC yesterday
Haha what a picture. LTC to the Moon π π
Man what a night! $306 on coinbase right now )
The LTC run has been insane over the last several days. Do you think the run is largely due to the influx of new CoinBase users? Many people I know aren't aware that crypto is divisible, and it's possible they would rather 1 LTC than a fraction of BTC or ETH.
Yes, I think that is a massive part of it. I wrote a post a few days ago (link below) on how new people even if they knew the 3 coins that Coinbase offer are divisible they would rather have 1 full LTC than maybe 0.5 of Ethereum or even less of a BTC. Plus the network traffic on the other two right now.
https://steemit.com/litecoin/@somecoolname/is-litecoin-ltc-the-coin-of-the-future
I agree with you completely. Plus, the ratio BTC/LTC ratio seemed oversold as well. LTC was due for a good run. It'll be interesting to see if the newcomers hodl through a correction.
"It'll be interesting to see if the newcomers hodl through a correction." Good point.
I wonder if LTC will become as volatile as Bitcoin with it's massive price swings.
Is Litecoin (LTC) the coin of the future? ππ
https://steemit.com/litecoin/@somecoolname/is-litecoin-ltc-the-coin-of-the-future
hell yesss!! I called it~ LTC will get recognized for its badass-ery by the end of this year. I'm lovin it
I think with Bitcoin's high fees and slow transaction speeds plus cryptokitties slowing down the Ethereum network, people have seen that LTC actually does what it's suppose to.
Plus compared to both ETH and BTC it's cheap so a good entry point.
ohh wow thanks for information
Good news for people holding Litecoin :)
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