There is so much news out there and all of it Bitcoin /crypto favorable. Let’s look at 4 obvious factors why Bitcoin/Litecoin will explode in February:
- South Korean Exchanges have been “closed for 3 weeks” — they will reopen in 7-10 days —- watch demand start to “ramp up”.
2.) CME Bitcoin Futures Contract “ends Friday 10 am” — this means those holders that were “short” can quit being short so no more reason to keep Bitcoin down short term.
3.) US Dollar Policy “announced today” — NO more “strong dollar” policy announced at Davos. What this means? Weaker dollar is strong for precious metals and people looking for “stores of value” — hmmmm what product might do that? Ahhh yes... Bitcoin. Look at the dollar index below — they finally came out today and said they are now navigating a “stable dollar policy” but acknowledged the benefits of a weaker dolllar.
Source today: https://www.zerohedge.com/news/2018-01-24/benjamins-bloodbath-bonds-bruised-gold-silver-surge
4.) Lightning Network adoption —- Growing nodes 15% more every day. Faster and cheaper Bitcoin — good news. Source: https://medium.com/@argongroup/bitcoin-lightning-network-7-things-you-should-know-604ef687af5a
Do you want to know why retailers etc will embrace Bitcoin / Litecoin (more litecoin) ??? Because with the Lightning Network Wallet, the retailer is PAID to accept Litecoin/Bitcoin. TODAY — businesses pay Visa/MasterCard others for accepting (maybe 2-3 % fee per transaction)
There are probably 10 more I am missing....you can help me in your comments.
I didn't know the lightning wallet will pay the retailers, thanks. But it makes sense to share with them some transaction fees . It will definitely be adopted by many retailers very soon. This reason alone can be very bullish for bitcoin/litecoin
I think so as well. A little similar to people getting paid to view content....a great incentive.
Yes I believe that bitcoin and litecoin will rock this year. Infact I have this strong believe that it will. Thanks for giving your reasons, I share the same idea with you. Thanks for sharing
You are welcome...thanks for the comments !
LTC wallet ready!
You know it!
Weak dollar, strong everything else .
Yep...that’s the correlation.
Wonder how many people actually understood that the death of the dollar was announced. Though thankful, makes me wonder on the whole timing of all of this. Fiat currencies historically do not last more then 50 years, going all the way back to Rome. Well that would be 2020 for the USD........hmmmmm.
it's had a good run....and I would say it still has some years...all to happen slowly.
Good news for people who hold!
it's the only way :-)