RE: Crypto Hedge Fund Says "Short Litecoin"

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Crypto Hedge Fund Says "Short Litecoin"

in crypto •  6 years ago 

any references to back up your claims? btc is prone to hype cycles which is what caused the high price everyone was talking about it and rushing to buy cryptos even though bitcoin didn't make sense with the fees at that time

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I agree. Boom and bust cycles are par for the course with bitcoin. It's not going away. Institutions will only buy bitcoin when they first enter and they will be the next main value drivers for crypto. Bitcoin is likely the safest bet of anything that currently exists.

The hype was marginal compared to the factors that I mentioned.
You think it was so big because you are where it gets promoted.
The Tether scam:
https://steemit.com/cryptocurrency/@fortified/re-fortified-brock-pierce-or-is-billionaire-bitcoin-board-member-founder-of-tether-and-alleged-pedophile-a-covert-cia-asset-20180118t181617300z
About the Chinese I heard it in one of Martin Armstrong's interviews.

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