This crypto sell off has certainly turned the markets red for traders. One thing to keep a close eye on right now is Litecoin. The reason I say this is because Litecoin has an algorithm that will only produce 84 million coins which is 4/1 to the 21 million Bitcoin peg. Right now with Bitcoin at around 5400.00 and Litecoin at 57.00 you can buy the swap at 100/1
Think about this equation people! Litecoin gets mined at 4/1 but you can buy it at 100/1.......this math is simply unsustainable especially when you consider that Litecoin is a currency. With Litecoin you can buy gold and silver bullion....ENOUGH SAID!
We may see the BTC/LTC ratio slide a little more but it's gonna be a great place to have your money when LTC corrects from its current mathematical & unsustainable state. Right now to me it's the absolute Best Buy on the board.
The OG Broncnutz-
You are right, it is a great buy and IMO undervalued but for the one's who realize this it's a golden opportunity. All of these coins are truly in the beginning phases as some are just now being recognized. Just think what will happen down the road when the masses catch on? Crazy to try and wrap one's head around it. One day you'll be lookin' back on $57 LTC as you have with $57 BTC. BroncNUTZ NuTZ but true................... Thanks brother! GREAT reminder!
good informative post
keep going on my friend
thanks for sharing
don't forget to up vote
I've been a long term holder of LTC. LTC and BTC are on a tear right now. LTC will be triple digits USD very soon. BTC should blow past $6000 any day now. Good luck to you!
LTC is definitely a coin for the OGs LOL I think I'm going to start withdrawing from Steemit via LTC with @blocktrades... What are your thoughts on selling Steem for BTC & LTC in the next coming weeks and then buying back Steem after the hardfork?
I'm just gonna hold.....not gonna sell any Steem for three years or so.
Hi broncnutz nice animated picture of Bitcoin and litecoin and also nice information for the future..thanks for sharing this sir..if you have time please watch the beauty of our galaxy. and if you like my post upvote me sir..https://steemit.com/education/@alidanish786/you-will-fall-in-love-with-astronomy-picture-of-the-day-apod-by-nasa
thanks for upvoting me sir..
The ratio's are a good way to use as a comparison. I now keep track of the charts from Coinbase. I compare BTC, LTC, and ETH on the Hourly, Day, Week, and Monthly charts. Ethereum is weakest for the week. BTC up 23.62%, LTC up 10.91%, ETH up 2.56%. (All this before the break out).
However, LTC is the weakest and only one of the three negative for the month (-14%). This is why the ratio is out of wack and I am agreeing with you.
Note: Today, I bought some Silver Eagles with some of the profits from the rise. With litecoin going up 13% today and silver going up around 13 cents there is a larger spread of value here.
This is a genius post and I have been saying the same thing for a while now.
Its funny cause everyone is always talking about bitcoin but the real profits are actually in OTHER coins. Though with that being said its hard for me to invest in much else besides Steemit simply because I can USE my investment every day and regardless of if it goes up or not I can literally PAY my self for the investment.
Thanks for the intelligent reply.
Its nice to be able to interact with someone where an intelligent reply is even worth it!
Glad I found you and will follow you and hope to share more value in the future!
Hey @broncnutz
I'm 1000% agree with you my dear friend....
I think crypto currencies is good investement for our future. .
Wel done and perfect work my dear friend...
Thank you so much for your great and better analyse about crypto...
Hey @broncnutz I don't see 2days in this platform...I'm check everyday ur blog and for hope ur new uptade...
Upvoted....And resteemed....
Cheers~~~~
@originalworks
You are right @broncnutz Ltc is the future best currency after Btc and currenty undervalued but it will take time.Thank you for sharing great info.
nice post @broncnutz, LTC is no doubt a great coin, thanks a lot for sharing your good knowledge and experience with us regarding cryptos, it's really helpful for us to pick right coin, stay blessed and thanks for sharing
Instead invest in something else which has more upside potential,
I bought etp at 26k satoshi now at above 55k
Excellent points, Broncnutz. Also keep in mind that the founder of Bitcoin kept 2 million coins for himself. These are bound to get dumped on the market at some point. If not by Satoshi himself then it will be by his heirs. The founder of litecoin did not keep any premined coins for himself.
I had once given it a thought, but with the info you have provided, I think giving it a try would be nice, thanks for the info, you must have put a couple of thoughts together to arrive at this, it is so Nice of you. Thank you.
UPVOTEDLitecoin is better with other ones i think. Great mind. Thank you @broncnutz
Upvote/ Resteem
Litecoin is well done! great post @broncnutz
For your post propagation.
Upvote/Resteem
@broncnutz,
That's amazing! That's why I decided to HODL my LTC stock as it is! And you are correct 100/1, 4/1 that's the math! You get it correctly! Amazing analysis friend! That's awesome!
Cheers~
@broncnutz I have to agree with you 100% on this one. LTC is the future percent gainer to Bitcoin. Your thinking is EXACTLY what my thinking is. If you have FIAT PAPER to spare add to your crypto holdings and purchase the proven..........
I'm just seeing this now, 3 days later but I actually just got a Jaxx wallet and bought my first litecoin this afternoon. Super excited. Also invested a bit in Golem but nothing crazy. Glad to see you do any article on crypto again too. Cheers bro!
Looks like a good buying opportunity! What is Litecoin backed by? Do or are computer 💻 nerds 🤓 willing to write code for Litecoin? You have to buy low to sell high! Other then gold or silver, what can you directly buy with Litecoin? Can you convert Steem to Litecoin?
Up voted and resteemed!
good informative post
keep going on my friend
thanks for sharing
don't forget to up vote
yes, litcoine is one for look out. Bitcoin is going up like crazy.. but Steem is down..
need to wait and see
Cheers!
Hi @broncnutz, What you said about LTC makes complete sense. My question is: why is investing in IOTA a bad choice at this point?
This is really looking the best buy as of now :)
I have LTC and bought it when it was high , now it's at it's lowest and I am praying for it to go back upto that point by a couple of months
Time to Double down in for a diamond for a dollar! Sometimes when you play in a casino you have to go big if you want to win big!💵💰🤑
Relax Young Lady it will get back to new highs and you will look back at this time and say to yourself, WOW I did not own enough LTC...............@stokjockey just spreading the positive.
i hear about LTC is good coin but after reading your article i grasp some great information about LTC, i defiantly look in to it soon, i 100%upvoted and resteemed this post to my followers too so that more peoples know about your work.
Tip! the Bossman @tipu! :))
Litecoin is no doubt has a bright future, Upvoted & Resteemed.
I agree. The ratio with Bitcoin will reduce. One can convert Bitcoin to lite coin now and convert back when the ratio decreases. You will end up having more Bitcoins
It's only a matter of time!!! I've been holding LTC since it was $30. I coulda kicked myself for not increasing my holdings a bit when it was at $95, but then again I find that type of trading tends to stress me out. I value my peace of mind... so hey... I AM HODLING
Lol.. cheers @broncnutz thanks for spreading the Litecoin gospel
Completely agree that LTC is undervalued...i added some more today to my position.
bought it at 38$ - mooning right now!!! niiiice
has always been the allowed currency of the btc, and also will have rebounds, to the rise
LTC well done , even when all the violas in the red zone, he rushed up, let's even higher! Thank you @broncnutz
Love that anonymous pic ;D
Thanks.... Great minds think alike!! Keep On Steemin On!!
Just passed $60 too:
https://steemit.com/litecoin/@dragononcrypto/litecoin-ltc-breaches-usd60-in-18-increase
Go Lightening Litecoin!
Excellent bitcoin
Amazing post thanks for sharing
@broncnutz
Have a nice day
Great article . thanks for sharing.
100% like and resteem
What should I do... Is it right to buy lite coin now....
i agree with you and good analysis.
time to grab some LTC !!
Yaa u say right ....Good information
Tnx
Bitcoin is unstoppable, ...
This has amazing growth :) thanks for sharing about it
quite valuable it seems to be lets see if i can get some :)
when compared to btc its shows the relatively same graph as of btc huge growth
Nice info for btc crypto. Upvoted
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STOPSeems like you are correct and given by the price of BTC is has almost gone out of reach to many people but LTC it is still in sight .And do have a great future though