I have had some questions about LTC along the lines of now that BTC is in the midst of massive growth due to in part the agreement that Bitcoin will now get Segwit, will Litecoin go up or down? Of course, it will do both, but overall I will say it goes up and that the Mother of all Moons is approaching.
Micro gets reflected in the Macro. LTC is the micro to BTC's macro. Both branding and code reflects this connection. Younger to Older brother. Silver to the Gold. BTC now agreeing to get Segwit adds only weight to this connection. The primary difference in the latter is that Litecoin has stepped out of the shadow of bigger brother and brought significant change before Bitcoin.
Many critics say Litecoin is merely only a testnet to Bitcoin. There is some truth to this as it shares similar code. However even if Litecoin's only role were a testnet it would be a testnet to what is potentially a trillion dollar market. Therefor if you think Bitcoin will grow, it's fairly safe to assume Litecoin will follow suit. Is bitcoin growing? You tell me.
Finally, the micro / macro connection LTC and BTC share. There has been an agreement of sorts for Bitcoin to get Segwit. But will it be smooth sailing? Was it smooth sailing for LTC? Arguably many involved in the rocky road to SW activation on LTC took advantage of the sentiment as pools were activated and deactivated, and tests were tried, and doubts arose. Theories of market manipulation etc etc. We saw massive swings on the path to SW for Litecoin. The same will be true for BTC. As these massive swings come for Bitcoin we can expect massive rallies for the Lite. However unlike Litecoin, Bitcoin has many times more invested. If there is the hint of manipulation I think we can expect to see not just outcries on twitter as holders cry fowl, but we can expect all out investigations by the law at large. All of which can have devastating affect on BTC price.
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>>2195028 (OP)
So...buy eth?
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>>2195263
so you mean that if BTC's segwit thing fails, my LTC will be worth more?
As in, it's a good idea to diversify?
dammit.
I've been posting my google sheet a lot, but anyways, this is how I diversify (mostly my old coins from 4 years ago)
But I don't have much faith in monacoin for example, so I want to get rid of it in exchange to BTC. And maybe I should have sold RDD
I'm also trying to sell some DOGE but only at high prices
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