Myself, I think there are more gains to be had in LTC. It's forking on a block sometime this evening, so there's a short-term play here as well -- buy it up and send to a wallet pre-fork, send back post-fork, and make note of which wallet it was in. Then, once the fork details have been announced, claim the extra coins.
Likely I'm not the only one to think of this -- so, might some of the recent climb be fork-related?
Yeah, I know, that's FA which doesn't affect the price, it's the new that arrives to justify the price. Still, it's happening tonight. :)
Also there's the psychological advantage, of both "holding more than fractions" and also "holding multiple coins" (as an LTC is $222 right now, so it you're investing $1k you can get 4+ LTC, versus around 0.09200478 BTC. Even though it translates to the same dollars, it still looks "nicer". :)
It's too bad you can't use leverage and take possession of the forked coins! But then, if you could move leveraged coins off-exchange, I'd imagine that particular leveraged exchange would close up shop in short order!
Myself, I think there are more gains to be had in LTC. It's forking on a block sometime this evening, so there's a short-term play here as well -- buy it up and send to a wallet pre-fork, send back post-fork, and make note of which wallet it was in. Then, once the fork details have been announced, claim the extra coins.
Likely I'm not the only one to think of this -- so, might some of the recent climb be fork-related?
Yeah, I know, that's FA which doesn't affect the price, it's the new that arrives to justify the price. Still, it's happening tonight. :)
Also there's the psychological advantage, of both "holding more than fractions" and also "holding multiple coins" (as an LTC is $222 right now, so it you're investing $1k you can get 4+ LTC, versus around 0.09200478 BTC. Even though it translates to the same dollars, it still looks "nicer". :)
It's too bad you can't use leverage and take possession of the forked coins! But then, if you could move leveraged coins off-exchange, I'd imagine that particular leveraged exchange would close up shop in short order!
Whoops, looks like it happened already!
https://www.tradingview.com/chart/LTCUSD/2OGXqx6z-The-Litecoin-Fork-Has-Come-Gone-Here-s-The-411-LTC/
Please check your email from me Thx
Sorry haven't checked in a few days. Will respond.
That must be a self made decision.
That must be a self made decision.