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Litecoin going crazy

Posted on 12/12/17 at 6:33 am
Posted by omegaman66
greenwell springs
Member since Oct 2007
22780 posts
Posted on 12/12/17 at 6:33 am
What is the deal with litecoin. Bitcoin is all over the news and has moving upwards slowly (relatively speaking). But Litecoin is skyrocketing. What is the reason for this? Any theories?
Posted by Covingtiger
New Orleans Saints Fan
Member since Mar 2010
3313 posts
Posted on 12/12/17 at 6:39 am to
People seeing crypto on the news are going right to the most popular exchange, coinbase. Coinbase trades only three cryptocurrencies and it looks attractive because people can afford a whole piece of it? Dunno, but it's crazy.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 12/12/17 at 6:46 am to
Bitcoin got too expensive for a share so people moved to something they could afford.

Once this inflates they will move to the next one

Perfectcoin, truecoin, awesomecoin,....

Then it will all crash.
This post was edited on 12/12/17 at 6:47 am
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 12/12/17 at 6:57 am to
Reason? Laws of the universe baw.
Posted by omegaman66
greenwell springs
Member since Oct 2007
22780 posts
Posted on 12/12/17 at 6:59 am to
quote:

People seeing crypto on the news are going right to the most popular exchange, coinbase. Coinbase trades only three cryptocurrencies and it looks attractive because people can afford a whole piece of it? Dunno, but it's crazy.


Makes sense! Thanks.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 12/12/17 at 7:04 am to
Everyone I personally know recently put their money in BTC because of the popularity.
This post was edited on 12/12/17 at 7:04 am
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/12/17 at 7:56 am to
Y'all see that dip at 7:00am? everyone woke up and said shite and took some gains

Posted by sonoma8
Member since Oct 2006
7666 posts
Posted on 12/12/17 at 8:03 am to
Really wish we wouldnt have just built a house bc i would have def sprinkled some cash just to see what happens
Posted by bayoubengals88
LA
Member since Sep 2007
18945 posts
Posted on 12/12/17 at 8:05 am to
bought 2.4 @ $184 and have turned $450 into $733 in 16 hours
Posted by WG_Dawg
Hoover
Member since Jun 2004
86500 posts
Posted on 12/12/17 at 8:06 am to
Since I got started in crypto (which wasn't long ago, sometime aroudn when I first saw this thread months ago) I've put pretty much everyting into ETH, as individual coins kinda scared me off a bit. I'm kicking myself now for not getting into LTC. Last week I bought $100 worth but now I'm a bit anxious to put more in with the height it's at now.

How high can LTC reasonably expect to go? Obviously it'd be great if it'd dip down to about $100 again but I mean if the sky's the limit I guess I'll just keep putting in now.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/12/17 at 8:13 am to
$412
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33971 posts
Posted on 12/12/17 at 8:17 am to
The key is to identify the next coin
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 12/12/17 at 8:25 am to
quote:

Obviously it'd be great if it'd dip down to about $100 again


How about not
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/12/17 at 8:27 am to
Be great if this shite went to 10,000
Posted by LEASTBAY
Member since Aug 2007
14296 posts
Posted on 12/12/17 at 8:28 am to
I believe eth will go higher. Keep hodling
Posted by WG_Dawg
Hoover
Member since Jun 2004
86500 posts
Posted on 12/12/17 at 8:30 am to
Yeah I"m not touching eth, I'm holding that one for the long haul. I was more so talking about LTC, I'd love to buy more but obvoiusly it'd be nicer to do that when it's around $150 instead of $400, as I would only have a limited amount of funds to devote to it.
Posted by shel311
McKinney, Texas
Member since Aug 2004
110888 posts
Posted on 12/12/17 at 8:31 am to
quote:

bought 2.4 @ $184 and have turned $450 into $733 in 16 hours
I finally got my best friend on the crypto craze last Friday, he bought a few LTC and has tripled(at least) what he put in in 4 days. In the same time, I've pretty much held steady as I didn't get any LTC.

Fun!!!!
Posted by Happygilmore
Happy Place
Member since Mar 2009
1810 posts
Posted on 12/12/17 at 8:31 am to
so im trading it on binance, and it isnt nearly worth it is on coinbase. lets say i transfer my 7.37 worth of litecoin from binance to coinbase, will i still have 7.37 litecoin, or will they hit me for the difference in the valuation?
Posted by Boss
Member since Dec 2007
1208 posts
Posted on 12/12/17 at 8:33 am to
Why are the exchanges so different. COinbase has it at 375. Binance at 323
Posted by LEASTBAY
Member since Aug 2007
14296 posts
Posted on 12/12/17 at 8:34 am to
Coinbase is easier to get cash into. New investors are running there with all the news out.
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