Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: philipma1957 on April 13, 2024, 03:17:51 PM
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Going to run the poll a long time. 999 days.
Of course if the $100 to $200 move happens quicker I will close poll.
I know it would take a lot of money to double BTC price but I think it will.
I will show a screen shot from my paypal account weekly to track it.
I picked option 1.
coins were purchased today on April 13 2024
(https://www.talkimg.com/images/2024/04/13/jMyaH.png)
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I think that Bitcoin will 2x faster than Litecoin and that's why I voted for Bitcoin. Bitcoin is currently at $67k value and I believe that it could reach to 2x value much faster than Litecoin. I know that Bitcoin's market cap is huge as compare to Litecoin, but still I would go for Bitcoin because investors aren't much interested in Litecoin and that's why I believe it would be tough for it to 2x very soon.
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So you and two other members voted option 1 but what I think is LTC can make your $100 into $200 first. But I still chose option 3 because LTC moved with BTC price, so considering that fact I realized I voted wrong but still there is a chance that LTC can make your money double then BTC because it's an alt even if it's a fork of BTC. So it can outperform the BTC in price wise.
Although I don't really think its the best decision to choose BTC and LTC as well in order to make 2x. Because in my opinion, BTC is a poor choice to make 2x at the current moment. I would definitely suggest BTC if it would be at the price of $30k or maybe at $40k. But now things are a little risky.
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This is a great thing to test about but I believe it's BTC that could give you that 2x but it will take time. I hope it will just be during the halving but the amount of money needed to be in the market is significantly higher in BTC compared to LTC so it's quite hard to predict. It's probably going to be BTC because I'm more bullish on it but practicality, it might be LTC.
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LTC will probably go to $200 first because as of now its volatility is higher than BTC. I am still indoctrinated that altcoins will always have the opportunity to get greater multiplication of profits in trading. This is something that happens often, especially when mentioning memecoins.
Bitcoin itself seems to have stronger fundamentals, therefore its price movements will be a little more difficult to get x2 in a short time. Moreover, BTC is older than LTC, so the comparison between the two may be more biased towards LTC having a 100% increase.
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So you and two other members voted option 1 but what I think is LTC can make your $100 into $200 first. But I still chose option 3 because LTC moved with BTC price, so considering that fact I realized I voted wrong but still there is a chance that LTC can make your money double then BTC because it's an alt even if it's a fork of BTC. So it can outperform the BTC in price wise.
Although I don't really think its the best decision to choose BTC and LTC as well in order to make 2x. Because in my opinion, BTC is a poor choice to make 2x at the current moment. I would definitely suggest BTC if it would be at the price of $30k or maybe at $40k. But now things are a little risky.
I wanted a hard choice. I thought BTC and LTC would be tough to decide which one goes 2x.
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I also voted for option number one because I believe Bitcoin will double before Litecoin.
By simple comparison, the price of Bitcoin is now 67K$, and in order for it to double, we need it to reach 132K$, and this is very expected, after halving, to reach 150K$, according to optimistic expectations.
As for Litecoin, it is now at $80, and in order for it to double, it must reach $160, which is a number that is not difficult to obtain either after halving, but as everyone knows, Bitcoin rises at first, then Altcoin follows, so I expect Bitcoin to double first.
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As much I am trying to convince myself that Bitcoin likely will be the first to double the $100 investment to $200, I still strongly think that Litecoin has a way better chance of doing that first, this is because, for both bitcoin and Litecoin to double a $100 investment to $200, they both respectively have to double their current market cap from here, bitcoin is currently around $1.27 trillion in market cap, while Litecoin is currently around $5.85 billion in market cap, in a bull run, it will take less time for Litecoin to achieve $12 billion dollars market cap than it will take bitcoin to reach $3 trillion dollars in market cap.
So, sincerely, I think Litecoin will double the $100 investment to $200 way earlier before bitcoin does the same to a $100 investment as well.
But then and again, the market is still full of surprises, it still might happen the other way round, but for this, I strongly believe that Litecoin will do it first before bitcoin.
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As much I am trying to convince myself that Bitcoin likely will be the first to double the $100 investment to $200, I still strongly think that Litecoin has a way better chance of doing that first, this is because, for both bitcoin and Litecoin to double a $100 investment to $200, they both respectively have to double their current market cap from here, bitcoin is currently around $1.27 trillion in market cap, while Litecoin is currently around $5.85 billion in market cap, in a bull run, it will take less time for Litecoin to achieve $12 billion dollars market cap than it will take bitcoin to reach $3 trillion dollars in market cap.
So, sincerely, I think Litecoin will double the $100 investment to $200 way earlier before bitcoin does the same to a $100 investment as well.
But then and again, the market is still full of surprises, it still might happen the other way round, but for this, I strongly believe that Litecoin will do it first before bitcoin.
From market cap perspective, LTC cap is < BTC cap, so LTC's potential for price appreciation is greater. However, I personally do not believe that LTC has much opportunity for significant price appreciation in this cycle. LTC has been almost forgotten even though it was a digital silver in the 2016 cycle. In contrast, BTC has BTC Spot ETFs + the position of digital gold, crypto king, and is being paid attention to by institutions and governments.
I cannot predict LTC's ATH in this cycle, but at least I can set an expectation that BTC can reach $150K-170K in this cycle. So, I vote for BTC because BTC can x2, while LTC is not sure.
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I wanted a hard choice. I thought BTC and LTC would be tough to decide which one goes 2x.
Ltc competing with bitcoin on who would get *2 first is a proof of how useless LTC is compared to other altcoins. The rise LTC experienced this year is a little, I mean a little higher than Bitcoin despite Bitcoin already huge market value. The probability of LTC getting to $200 first is higher but bitcoin wouldn't be too far behind. Besides this coin will stagnate or plummet if Bitcoin doesn't move. If it's for an experiment then you can try it curious how it would play out but if it's an investment, I don't really see any momentum with LTC. I prefer solana, RNDR among other.
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I believe that bitcoin will be 200 first, its not that common and I do believe that we are going to end up with something that will take a while, and yes its not that common and yes its not that easy for bitcoin to go up more than alts, because alts have lower market cap which means that it could double in price easier than bitcoin with smaller amount. However, this is the time for bitcoin pump, we are nearing halving, and we have seen it go down due to some political stuff. I am guessing that very soon, we are going to start the bull run and eventually that will reach it to 120 to 140 ranges at the end of the year or start of next year.
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I believe that bitcoin will be 200 first, its not that common and I do believe that we are going to end up with something that will take a while, and yes its not that common and yes its not that easy for bitcoin to go up more than alts, because alts have lower market cap which means that it could double in price easier than bitcoin with smaller amount. However, this is the time for bitcoin pump, we are nearing halving, and we have seen it go down due to some political stuff. I am guessing that very soon, we are going to start the bull run and eventually that will reach it to 120 to 140 ranges at the end of the year or start of next year.
I am hoping you are correct. We are shaken at the moment have to settle and rise up.
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Currently LTC still has lower price I think LTC will double to 200 first than bitcoin, no doubt with bitcoin potential in the future but LTC still lower price and easily raise up to 50% or 100% than bitcoin will face many time correction since raise up above 10% or more. But your investing way very interested because you spent your investment not in one bracket, put it one several altcoins and bitcoin to earn large profitable chance than investing only in bitcoin or Litecoin.
I am still Litecoin holder wish your can earn much profitable and LTC will double to 200$ first with your investing than bitcoin although need to see bitcoin up firstly before get impact for altcoin.
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Currently LTC still has lower price I think LTC will double to 200 first than bitcoin, no doubt with bitcoin potential in the future but LTC still lower price and easily raise up to 50% or 100% than bitcoin will face many time correction since raise up above 10% or more. But your investing way very interested because you spent your investment not in one bracket, put it one several altcoins and bitcoin to earn large profitable chance than investing only in bitcoin or Litecoin.
I am still Litecoin holder wish your can earn much profitable and LTC will double to 200$ first with your investing than bitcoin although need to see bitcoin up firstly before get impact for altcoin.
btc
doge
ltc
solana
etc
bch
are my hodl coins.
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Bitcoin for sure. Infact my pair of $BTC and $LTC on Bitget smart portfolio have been giving me more Bitcoin since I did that.
LTC looks slow but who knows the future for it future?
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I am not sure maybe we are not going to have much of a bull run at all.
Trying to hodl as much as I can.
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I am not sure maybe we are not going to have much of a bull run at all.
Trying to hodl as much as I can.
It's too early to conclude because the halving event is yet to come, and the market generally starts moving up after a few months of the event, so you should be holding a bit longer to see if your target is achieved or not, and in case both Bitcoin and Litecoin don't manage to hit 2x of their value from when you bought them and they start crashing, you should sell your assets immediately.
Based on the fact that altcoins tend to be more volatile than Bitcoin, I believe Litecoin might win this race because for Bitcoin to give you $200 on your $100 investment, it will need to go above $120k as per my calculations, and even though that isn't a very big price if we have the bull run, it wouldn't be easy to achieve because investors will start dumping their coins even before that point.
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Damn, I voted for LTC and it seems I'm the only one for now. I don't really have solid reasoning though, just because their market cap is smaller compared to BTC so I bet they can do 2x earlier, especially when another alt season comes. That being said, I don't really hear any hype for LTC nowadays, even on social media. Maybe I'm looking at the wrong place? Anyway, I guess the narrative for layer 2 is just that strong which leaves old altcoins or Bitcoin forks unappealing to high-risk traders.
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What's up op, you use a paypal account to buy Bitcoin and LTC? Can I buy Bitcoin with Paypal? or are there features in paypal apps to buy and sell Bitcoin or other cryptocurrency? It's been a long time since I haven't been able to use paypal that's why I asked.
But the information seems to be that Paypal has become open to Bitcoin or cryptocurrency, I just don't know if this has been confirmed? But what you did op, I think they are equally possible to double in the future.
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still there is a chance that LTC can make your money double then BTC because it's an alt even if it's a fork of BTC. So it can outperform the BTC in price wise.
LTC is not a fork of Bitcoin.
A fork coin is one that at some point had the same protocol and chain as the original, LTC never had any common thing with BTC.
While I'm pretty confident in saying that there will be altcoins that will perform way better than Bitcoin next year, even by in some cases an order of magnitude, I doubt LTC will be the one.
YOY data is just painful to watch for LTC fans:
Bitcoin is up 129% in the last year
Litecoin is down -10% in the last 365 days
If you would have picked Doge it might have been a completion, with LTC I don't think so.
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If we look at the last two bull runs, we can notice that before each one, LTC had approximately the same price as today ($80), and that at its peak it reached around $350. The only question is whether LTC is of any interest to anyone anymore, given that it is no longer in the top 10 coins, and it could very easily fall out of the top 20 when it comes to market cap.
However, it seems to me a much easier mission to double the price of LTC than BTC, because the path to $100k for BTC will not be easy at all, and that psychological limit is the exit point for many.
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Bitcoin for sure, and whoever voted LTC should keep in mind that altcoin Market dynamics changed a lot and it's not same as what we saw in 2020. Meme coins dominating the market for now and no one knows what will be the next thing.
LTC is good but I don't think it can never compete BTC on head to head range.
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This means that the two coins must reach 2x the price when purchased, right?
That means the price of BTC should be over $120k and the price of LTC should be around $160, right?
Ehm, I'm not sure but if you look at the possibilities, LTC might be able to do it faster, could it be like that? LTC will likely reach $160 faster than BTC will reach $120k. Isn't that right?
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We cannot say, but i know one thing for sure, which is that bitcoin dictate for other currencies to follow after, but there are also times whereby the altcoins market may be rising and the bitcoin market is not rising at all, such could be regarded as the alt season, it also depends on the timing to when you invested, if you buy either of the coins on dip or not and how long you could possible hold for them.
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~snip~
Ehm, I'm not sure but if you look at the possibilities, LTC might be able to do it faster, could it be like that? LTC will likely reach $160 faster than BTC will reach $120k. Isn't that right?
Theoretically, it would be easier for LTC to double its price - but I already wrote in my previous post that LTC is no longer (at least it seems to me) as popular as before. Some other altcoins are slowly suppressing it and it is obvious that the focus of investors is on them, which calls into question the assumption that LTC can repeat what it did after the previous two halvings.
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Damn, I voted for LTC and it seems I'm the only one for now. I don't really have solid reasoning though, just because their market cap is smaller compared to BTC so I bet they can do 2x earlier, especially when another alt season comes. That being said, I don't really hear any hype for LTC nowadays, even on social media. Maybe I'm looking at the wrong place? Anyway, I guess the narrative for layer 2 is just that strong which leaves old altcoins or Bitcoin forks unappealing to high-risk traders.
well since doge and ltc are merged mined on just one machine it is easy to mine stack and hodl it.
Doge seems to be more strong than LTC. but you never know.
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It is hard to predict the price movement of bitcoin amd other cryptocurrency, because bitcoin controls their price. This why I would not know which option to choose. However, I will choose bitcoin because after the halving we don't know how fasg the price will pump to 100k. This circle has been an outstanding one due to the approval of bitcoin ETF, so it is possible that bitcoin will double its amount first before litecoin.
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I don't think that LTC will double this year but I know that all the altcoins will increase when Bitcoin went up. But instead of guessing, we have to check the history of Bitcoin and LTC, only the new ones. In Bitcoin, since Dec 2022, the price went up 346% while in LTC only 84%. And since this time is the season of Bitcoin because of its halving, we can be sure that Bitcoin has the higher probability to double first before LTC. One of the reason is that the founder (https://www.cnbc.com/2017/12/20/litecoin-founder-charlie-lee-sells-his-holdings-in-the-cryptocurrency.html) of Litecoin already sold their holdings.
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LTC is not a fork of Bitcoin.
A fork coin is one that at some point had the same protocol and chain as the original, LTC never had any common thing with BTC.
What!! LTC is not a fork of BTC on what basis you are saying it, I mean till now I have considered LTC as fork of BTC and you saying its not has shocked me, after reading this reply I confirmed it again from Google and it is considered as BTC fork. Well, for instance here are few:
The developer of LTC says: In October of 2011, I was playing around with the Bitcoin codebase, and I guess the short of it was that I was just trying to create...a fork of Bitcoin. It was mainly a fun side project.
And Investopedia says:Since Bitcoin was founded, hundreds of other cryptocurrencies have been forked from it or been created. Litecoin (LTC), a Bitcoin fork, is one of these altcoins—the term for cryptocurrencies that are not Bitcoin. Well, although I checked a list of BTC fork on forkdrop.io and LTC was not there or maybe I missed it.
Well, the point is, please shed more light on this fact so I would know.
If you would have picked Doge it might have been a completion, with LTC I don't think so.
I can't agree more with you on this, because ALTs can easily give us 10x in every scenario in this bull run and in all possible scenario BTC can't give us more than 4x or if I am not wrong it can't even give more than 3x from the current price. 2x is what it can give but still finger are crossed.
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LTC is not a fork of Bitcoin.
A fork coin is one that at some point had the same protocol and chain as the original, LTC never had any common thing with BTC.
What!! LTC is not a fork of BTC on what basis you are saying it, I mean till now I have considered LTC as fork of BTC and you saying its not has shocked me, after reading this reply I confirmed it again from Google and it is considered as BTC fork. Well, for instance here are few:
The developer of LTC says: In October of 2011, I was playing around with the Bitcoin codebase, and I guess the short of it was that I was just trying to create...a fork of Bitcoin. It was mainly a fun side project.
And Investopedia says:Since Bitcoin was founded, hundreds of other cryptocurrencies have been forked from it or been created. Litecoin (LTC), a Bitcoin fork, is one of these altcoins—the term for cryptocurrencies that are not Bitcoin. Well, although I checked a list of BTC fork on forkdrop.io and LTC was not there or maybe I missed it.
Well, the point is, please shed more light on this fact so I would know.
If you would have picked Doge it might have been a completion, with LTC I don't think so.
I can't agree more with you on this, because ALTs can easily give us 10x in every scenario in this bull run and in all possible scenario BTC can't give us more than 4x or if I am not wrong it can't even give more than 3x from the current price. 2x is what it can give but still finger are crossed.
If a coin is a fork off another coin. It is similar to a stock split.
You own the original and you get another.
If you held btc when ltc came in out you did not get an ltc coin. Also one coin mines with Sha 256 the other mines with script.
Bch is a fork. It you held btc you got an equal amount of bch also they both mine with sha 256
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LTC is not a fork of Bitcoin.
A fork coin is one that at some point had the same protocol and chain as the original, LTC never had any common thing with BTC.
What!! LTC is not a fork of BTC on what basis you are saying it, I mean till now I have considered LTC as fork of BTC and you saying its not has shocked me, after reading this reply I confirmed it again from Google and it is considered as BTC fork. Well, for instance here are few:
The developer of LTC says: In October of 2011, I was playing around with the Bitcoin codebase, and I guess the short of it was that I was just trying to create...a fork of Bitcoin. It was mainly a fun side project.
And Investopedia says:Since Bitcoin was founded, hundreds of other cryptocurrencies have been forked from it or been created. Litecoin (LTC), a Bitcoin fork, is one of these altcoins—the term for cryptocurrencies that are not Bitcoin. Well, although I checked a list of BTC fork on forkdrop.io and LTC was not there or maybe I missed it.
Well, the point is, please shed more light on this fact so I would know.
LTC was a fork of the Bitcoin client! Not of the Bitcoin protocol!
Bitcoin cash, Bitcoin SV are forks, as they had the same start with Bitcoin and at one point the chain forked, but the coins that were issued before the fork happened are usable on both chains even after that!
Litecoin doesn't share any address with Bitcoin, it doesn't share the algorithm, it doesn't share a thing other than encryption, in theory, there is little difference between litecoin, ethereum and bitcoin when it comes to their chains, not their clients!
https://en.wikipedia.org/wiki/Litecoin
Litecoin was a source code fork of the Bitcoin Core client, originally differing by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), faster difficulty retarget, and a slightly modified GUI
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Which mean you will expect bitcoin will double its price, at least a hundred thousands. That's the spirit, but i don't think bitcoin is ready yet on that price, as well as ltc, but ltc has the potential currently at $85, and its ath was $200+ so yeah, ltc have the higher chance to get doubled in few months or year/s to come.
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Which mean you will expect bitcoin will double its price, at least a hundred thousands. That's the spirit, but i don't think bitcoin is ready yet on that price, as well as ltc, but ltc has the potential currently at $85, and its ath was $200+ so yeah, ltc have the higher chance to get doubled in few months or year/s to come.
- Yes, you're right there, mate, but we are sure that bitcoin will achieve what most people hope and expect, although at the moment we don't really know where the depth of its retracement will be. A lot of people are feeling and waiting there, to be honest.
It's hard to predict, so the best we can really do is dca for Bitcoin or other cryptocurrencies that are on the market listed on all the top exchanges.
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Which mean you will expect bitcoin will double its price, at least a hundred thousands. That's the spirit, but i don't think bitcoin is ready yet on that price, as well as ltc, but ltc has the potential currently at $85, and its ath was $200+ so yeah, ltc have the higher chance to get doubled in few months or year/s to come.
It is true that currently LTC still has very profitable potential, we just need to be more patient to get a price increase that can provide a lot of profit, Altcoin Muism will probably occur in the future due to the influence of Bitcoin transaction costs which are increasing so that it will make traders consider transactions if using Bitcoin.
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Which mean you will expect bitcoin will double its price, at least a hundred thousands. That's the spirit, but i don't think bitcoin is ready yet on that price, as well as ltc, but ltc has the potential currently at $85, and its ath was $200+ so yeah, ltc have the higher chance to get doubled in few months or year/s to come.
But if we speak about potential just go back a year ago...
- Bitcoin was at 30k, it needed more than half a trillion to double the price
- Litecoin was at $100, it needed just 6 billion to double in price, yet unlike Bitcoin it actually went down on a yearly basis.
So, wasn't there the same potential involved, which proved to not be the case?
One could make this type of case for every single altcoin there but there is no infinite money in this universe yet.
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Which mean you will expect bitcoin will double its price, at least a hundred thousands. That's the spirit, but i don't think bitcoin is ready yet on that price, as well as ltc, but ltc has the potential currently at $85, and its ath was $200+ so yeah, ltc have the higher chance to get doubled in few months or year/s to come.
But if we speak about potential just go back a year ago...
- Bitcoin was at 30k, it needed more than half a trillion to double the price
- Litecoin was at $100, it needed just 6 billion to double in price, yet unlike Bitcoin it actually went down on a yearly basis.
So, wasn't there the same potential involved, which proved to not be the case?
One could make this type of case for every single altcoin there but there is no infinite money in this universe yet.
Doge is the better coin in the scrypt merge mine setup.
Doge has figured out how to handle the ½ ing issue.
doge has the ability to endlessly reduce its inflation rate.
year total minted
1. x coins
2. 2x coins. 100% inflation
3. 3x coins. 50% inflation
4. 4x coins. 33% inflation
5. 5x coins. 25% inflation
.
,
.
10. 10x coins
11. 11x coins. 10% inflation
.
.
.
.
20. 20x coins
21. 21x coins. 5% inflation
doge can do this 100 years in a row far far better than LTC and BTC
I can see a real future for doge more so than LTC
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doge can do this 100 years in a row far far better than LTC and BTC
I can see a real future for doge more so than LTC
Yeah, I know that as you know too I always said doge is one of the best "it simply works" coins.
So this is the reason I said:
If you would have picked Doge it might have been a completion, with LTC I don't think so.
So, what is left now to wonder is why did you pick LTC for this competition and not Doge.
Did you want to give Bitcoin a handicap or something like that? ;D
I'm no altcoin fan and even less of a specialist in those, but I would probably take any bet on Doge outperforming LTC over any given interval both short-term and long-term.
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Congratulations for invest on cryptocurrency. You bought Bitcoin and Lightcoin. Both are good for long time investment. Bitcoin is best and it is too much secured for investment. But now it’s price is huge, on the otherhand Ltc price is very low then bitcoin.
So i think Ltc price will double rapidly and your $100 will be $200 first. Because Ltc price is low. And we saw when bitcoin price increase then Altcoins price increase with double speed.
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Which mean you will expect bitcoin will double its price, at least a hundred thousands. That's the spirit, but i don't think bitcoin is ready yet on that price, as well as ltc, but ltc has the potential currently at $85, and its ath was $200+ so yeah, ltc have the higher chance to get doubled in few months or year/s to come.
Basically 130k for btc comes before 160 usd for ltc