RE: Litecoin: 2017 Is Promising!

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Litecoin: 2017 Is Promising!

in litecoin •  7 years ago 

I cant see a case where MIT student are looking to pump and dump LTC. How could anyone want to loose credibility like that? All of us Anarcho-capitalists know that the market will not tolerate anything more than one instance of pump and dump from anyone and im sure MIT students are well aware that a pump and dump scheme would destroy any hopes of hte community trusting them moving forward. I think LTC is a great hedge against BTC and ETH. ETH is my favorite crypto atm followed by BTC and then LTC. LTC has the most short term growth potential. ETH has the opportunity to be valued far beyond BTC. Some analysts are looking at 4K for BTC some are looking at 55K for BTC some even 1mil for BTC......in any event, ETH will not be far behind BTC as time goes by.

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I agree about MIT students, I think they would really have no need to do a pump and dump, just researching the subject and various people and Reddit forums seem to think that is what's happening. I forgot to mention in the article but the announcement happens to fall on the same day that there is a potential for a BTC chain split. Who knows what could happen. I believe LTC could go up quite a bit more since its basically bitcoin but way faster, and now that its being developed and improved its chances of success are higher. This of course, doesn't mean that we wont see a drop before it rises again.