it never gets tiring seeing how people lose all rational thought in ball markets. you can set your clock to the predictability of human emotion.
I've got quite a hand full of Litecoin so obviously I'm invested in hoping it goes up. I got in at a decent enough price that these movements don't scare me. Perhaps I'm foolish but also spending hours researching what is actually happening with the coin is what is making me bullish, not just watching a line on the chart. As long as the whole cryptospace keeps growing like it is litecoin will keep growing, if the crypto bubble pops it does not matter what you are holding, if it's not fiat you are doomed.
Good example of dumb luck. Yes litecoin went up, but not for the reasons you thought. It went up due to the issues bitcoin is having and due to the lack of options on Chinese exchange to diversify out of bitcoin in case a hard fork happens. Got nothing to do with any segwit or lightning BS.
It actually went up due to increased interest from Korea and others like Malaysia, do you actually own any Alt coins at all ?
Wrong...China makes up most of the volume atm. OKCoin.cn, Huobi and CHBTC make up about 50% alone. All 3 are very limited offering LTC, BTC and ETH yes, Ethereum and Golam (well Golam is a token, but)
You might want to go check those figures outside of the Chinese exchanges alone. BTW It is Golem not Golam.... I own a few Domains, mostly Eth.com based and nearly all new traffic is coming from Korea and Malaysia over the last three months. Exchanges based in China might skew the figures just a bit don't you think ? Especially given the recent lalowance of BTC on Chinese exchanges. Sure there is plenty of money there but the recent surge is more about awareness than any real bubble. Aus real estate returns are on the wane, Pig farms are neutral, where to next ? OOOoooh look shiney thing!
yes that's what I'm saying... that's the main reason for the recent price rise. They are diversifying out of bitcoin.
Haha ok, I forgive your ignorance. People also thought the moon was made of cheese before they were educated.
Also my prediction was simply based on the market not on the "lightening or Segwit Bs" as you quoted. Not dumb luck, a simple observation.
Ok, I must have confused something someone else wrote with something you said. My bad. I'll appoint myself the turkey award.
