China's government regulators and the PBOC (Peoples bank of China) has allowed the three main crypto currency exchanges OKCoin, BTCC and Huobi to unfreeze cryptocurrency withdrawals. Yes, I realize this was announced a couple of days ago but did you notice? If you do a little detective work and read between the lines, something BIG is happening with LTC. China's ruling on unfreezing withdraws had the following stipulations. The withdraws have cap limits as follows: 10BTC/200LTC/1000ETH daily. Now let us do some math. 10 BTC at, let's say $2500.00, equals $25,000.00 per day. 1000 ETH at, let's say $230.00, equals $230,000.00 per day. 200 LTC at, let's say $27.50, equals $ 5,500.00 per day. Wow, China is allowing it's citizens to withdraw $25,000.00 per day of BTC and $230,000.00 per day of ETH but only $5,500.00 per day of LTC? What does this tell us? Chinese government has a long term plan to adopt LTC as their main crypto currency of choice for their silk road, Euro/Asia economic trade pack. This is HUGE! They want LTC to have price stability with careful steady growth. This is vital for their long term economic plans. All other crypto currencies are too speculative with volatile price swings. LTC is their choice! The small withdraw cap on LTC will help price stability and maintain manageable steady growth. Getting LTC now is the best value for the dollar by far. Buy and hold LTC and you will have created generational wealth that will go down in the history books. Why, because China plans to bring 1.7 billion people out of poverty and provide cheap smart phones to allow them to participate in the silk road economy, using LTC as the currency.
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