|
|
|
Source: Charlie Lee's Twitter Page and Bitmain Site
Source: Bitmain Site
I know I am late to the Bitcoin and AltCoin run that started April 27th, 2017, but Charlie Lee and BitMain caught my attention with some interesting twits.
Firstly, there was a twit from Bitmain about a new LiteCoin WiFi Router and Miner All-in-one machine on April 26th, 2017.
Then, there were two twits from Charlie about LiteCoin on April 28th, 2017.
Between these three twits, LiteCoin went from the low of $14.17 to currently sitting at $17.33 (1.76% from May 1st high).
I know Charlie and his team have been working hard to make LiteCoin a respectable and widely accepted currency as BitCoin for quite some time. And, with BitCoin going through its growing pains of its high transaction fees, slower transfer times, and essentially being limited to ASIC mining, he is striking while the iron is hot.
Speaking of striking at an opportune moment, Jihan Wu (Bitmain's co-founder) is getting in on the early innings of the LiteCoin run by releasing his first wave of LiteCoin ASIC mining machines. As history already shown us with BitCoin, will this move drive the price of LiteCoin to $100 and higher?? Only time will tell!!
I'm thinking about getting a small holding (~20 coins) when LiteCoin pulls back around $16.75 (~5% pullback from $17.64 high) especially if Jihan gets China to slowly, but surely, start mining 70% of the LiteCoin available to mine and prominent Chinese investors start promoting LiteCoin (just like they have done with BitCoin).
Let me know what your thoughts are on the future of LiteCoin.
Remember, I am not a financial adviser. The tactics discussed here are for informational purposes only.
Also, here is a link of Charlie Lee talking about LiteCoin and it's future.
You aren't late. The party is just getting started. There is great deal of "hot money" waiting to get into Bitcoin. Litecoin will benefit from this!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting; I'll follow the answers. I don't have a clue, but I have some litecoins ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice. I will join you on the ride when I get some litecoins 👍👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Disclaimer: I am just a bot trying to be helpful.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting blog. I was about to post a similair post. Buy and hold for the upcoming 3 years and the blockchain market will find it's way. I was researching a way to find more info about the current cryptocoins on the market. Does anyone know about: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. For example: https://www.coincheckup.com/coins/Litecoin#analysis For the Litecoin Detailed analysis.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit