I am with you on that one. I have always side mined Litecoin and at this stage I think it makes more sense for it to be up there, if not take over if Bitcoin doesn't get its act together. Done being burned by mining fees lol
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I'm not sure it'll ever be the top dog but every day I wonder how it's not worth 10 times what it is now. I just see this as the next big currency. I do hope Bitcoin gets its act together but it's been trending in the wrong direction to me.
This Bitcoin matter is scary. First you got the miner camps who literally bold face show they want full control, so far as to threaten users with a divided coin of 2 Bitcoins if they don't get their way. Then we have this option of Soft Fork which could help but miners won't let that happen clearly. In the end what I expect, same as always...a lot of talk and no action, that has been the way for 2 years now. So many Segwit proposals have come and gone in those 2 years and right now I just don't see this being different.
I guess we just have to keep tabs, prepare and maybe back a side coin. I am on Litecoin but boy does Bitpay need to add that into their system
9 days ago you said to do your due diligence before making decisions on which crypto to buy. That leads to the question >>> "So you think price movement like this means litecoin looks like a great alternative to bitcoin?!!" :O I'm thinking you may want to just get out of ALL cryptos completely and start a stamp collection "if" you think this looks like a good time to buy. :-)
https://bitcoinwisdom.com/markets/btce/ltcusd
Yikers! :O
I am not talking at all about investing in Litecoin, I am meaning for every day usages for bill payments and moving holdings around. I don't think you get the kind of crypto user I am. I am not an investor in crypto. I am a full time 100% crypto user. Unlike most in this space looking for a buck to convert to fiat, I live and breath crypto for the movement to get central banks off citizens backs. Due to being a full time user, the end game to pay bills does mean me having no choice but on occasion to move holdings to load fiat backed visa cards and Bitcoin no longer is feasible in that ever day transaction usage.
But from an investment standpoint, are you not seeing the resistance that Litecoin is gaining when Bitcoin is dipping? That is a sign that in long term its a valid coin in my opinion to hold which i been since I got it for change a coin a long time ago.
This article is not about investing though, this is about options for every day users that live solely on crypto like myself. And Litecoin isn't my only option for moving money around but more of the safer choices I am leaning on. Just wish Bitpay and others would adopt more options during times like these when fees are so high on Bitcoin.
Well, if you are looking to get the central bankers of your back why not write your Congressman to "end the blatant manipulation!" in the bitcoin price by the banks and hedge funds. :-) Uhhhm, I looked at that litecoin chart for 1 second I know that anyone advocating a buy at the current price "deserves" the ass kicking that thry have coming their way. :-) Bitcoin.... STILL the most "manipulated" asset in the world. let me know how the letter writing campaign goes. I'll let you know via my blogs on the "likely" path of the bitcoin price going further. Maybe we will meet again at bitcoin sub $1000, litecoin...ooooh, I dunno, a move back to $10 "might" drive some of the "obvious" excesses out I guess.
Trust me I am no stamp collector here, actually worked in a crypto coin so I think your confusing what this article is about. This isn't at all about investing. There is a little gap between being an average crypto investor and a long term crypto user who abandoned fiat like I have personally done. This is about losing money on daily usages. I have done the math and with the fees right now to pay bills i am handing over an extra $100 just to load cards to pay what needs to be paid. With Litecoin or other alternatives that is reduced to about $10 a month.
When your just transacting from Bitcoin to another coin to pay bills, market prices don't even matter, its not an investment move that is a simple trade off of current value to another coin to directly pay what needs to be paid.
From investment standpoint, yes you should think and research...that I stand by and what i do on long term investments which I do on the side but my income comes in form of crypto so I am outside of that realm when I mean switching from Bitcoin to something like Litecoin for bill payments. Issue is, those options are limited to mostly Bitcoin so my reasoning for this post is to state that maybe we need wider options in this area for common usages and exit strategies in order to secure our funds while the issues with fees are present. Hope that makes sense.
I imagine all cryptos will eventually lose acceptance amongst retailers who currently accept them. Sure, they get paid the amount owed by the processors who make the transactions possible (just like VISA and MasterCard do with dollars). The problems will begin whenst the bubble officially pops in these "fantasies" that are cryptocurrencies. When the processors start getting taken out by gapdown moves in price, you "might" find yourself back to using dollars. And that's a good thing as the dollar will soon be one of the world's only "safe havens."
lol oh so your one of those guys in crypto trying to front as a crypto user but at the core a fraud for fiat lol. Now I get the trolling and threats above to kick some ass on me, by the way bad move there...pushing a little past some rules within this community but I get how a troll works and how they use threats as a game. Your in the wrong place my friend, kind of in the wolves den at this stage if your running around harassing crypto users with your trolling games. Listen, I am a grown up here....so I am disengaging from this childish taunts by you. I am a tax paying citizen who done very well with crypto vs that fiat crumbling system you bow down to. Between you and me, your the one in a fantasy to believe fiat will survive. Italy has fallen due to the fiat inflation machine and the domino effect is coming as predicted even by wall street. I actually feel pretty bad for those that don't see this yet. Here you could be making wiser use of your time to make some money but you are running around trolling and why your profile is making squat in crypto. Maybe that is something your not grasping about Steemit, what your pulling on my profile gets around and people blacklist you for your wrongful usage of this. Anyways have a great one, move along to the next guy you want to mess around with. Not happening here anymore
it has to be a troll otherwise he would have more followers i guess
If I had a ton of followers it would likely mean I am the "voice of the sheeple." The good news is that you will have plenty of company to share your tears with.
Yea its a definite troll, fiat backer who is here to simply harass users. Not cool but how immature people play their games.
I'm not harrassing anyone. Just stating facts. If you can't handle the truth it's your own fault. Ooooh skeeeery, all of the rest of the crypto morons at this site are going to flag my every spew. Oh no! What will I do?!! All my dreams of becoming a crypto millionaire...ruint! Get a clue, clown. "Fiat" gonna rip your face off!
Get a life, no one is flagging you just made aware of your immaturity. You back nothing up and you waste my time, adios and take it on to the next guy you think you can scare off of crypto, me you can't do that too, I work and earn my funds quite well in it and have no complaints with it nor ever will. Fiat gave me nothing but shit and crypto changed my life for the better, sorry you failed with crypto or whatever broke your heart about it but your words against it mean nothing to me. Done engaging this stupidity with you. I am almost 40 years old here and I do not deal with constant childish trolling.
Yeah, your life is getting better every day I'm sure. Litecoin down 13% yesterday. I'm sure your ass will get shredded for another 10% today. By Sept you will be destitute and lonely but at least you will have plenty of other losers like yourself here at steemit who "didn't see this coming ." Misery loves company. Over and out!