Litecoin price should be at $10,000

Andre@Krypt0 said:
So I'm not talking about 8 divide by 2 type of math. I'm referring to asset/risk allocation. Yes, some have and are accumulating coins, just like any other growth asset.
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Yes, I know what you're saying. What I'm saying is they've probably looked at it, and don't like it hence the price is basically around all time lows against BTC, and against BTC is the only proper way to value a CC.

Probably the main reason why Litecoin doesn't have much of a future is because of the Bitcoin Lighting Network. Check out what Jack Mallers is doing on that with Strike, it really is amazing - https://jimmymow.medium.com/announcing-strike-global-2392b908f611

Having said that, this is Crypto baby so anything is possible with any Coin in the short term (3-12 months).
 
AbbotAle said:
Yes, I know what you're saying. What I'm saying is they've probably looked at it, and don't like it hence the price is basically around all time lows against BTC, and against BTC is the only proper way to value a CC.

Probably the main reason why Litecoin doesn't have much of a future is because of the Bitcoin Lighting Network. Check out what Jack Mallers is doing on that with Strike, it really is amazing - https://jimmymow.medium.com/announcing-strike-global-2392b908f611

Having said that, this is Crypto baby so anything is possible with any Coin in the short term (3-12 months).
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Anything done on BTC can be replicated to LTC. It's like security features on the 100 dollar bill, us gov can put the same exact features on 20 dollar or 10 dollar bill.
 
Andre@Krypt0 said:
The price of any asset must be based on the economic laws of supply and demand, anything else would be an inefficient market.

The total supply of BTC is 21,000,000 and the total supply of Litecoin will be 84,000,000. Bitcoin is approximately 1/4 the supply of coins of Litecoin.
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There are probably less Ford Pintos than Ferraris. So should I start buying up all the Pintos I can find?
 
Andre@Krypt0 said:
The price of
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Logically, you are right. I argued the same 8 or so years ago. If you add LTC's faster speed and more transactions, it should be actually more than 1/4th of BTC, because its utility vaue is better.

You made 2 mistakes:

1. Nothing is logical about crypto prices. So fundamentals don't apply.
2. When talking about an infinitely divisible asset the max. number of coins is irrelevant, because 1 can be divided infinitely just as much as 21 or 84 millions.

Now you understand.
 
AbbotAle said:
True, but it's actually going to be the other way around.

Anyway, good luck with your Litecoin, if things happen the way you think, you'll make some good money.
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It takes more than just luck, its takes the science of economics and law of supply and demand. Bitcoins meteoric rise is akin to a single stock in the market shooting up, this is pure dislocation of the markets. I am not saying that BTC will come crashing down (it may) but the market inefficiencies present in crypto provide excellent opportunities for undervalued assets.
 
Andre@Krypt0 said:
Your talking as if you have a PHD in mathematics,
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How do you know I don't? Thanks for attacking the messenger and not being able to have a decent conversation, dumbass. What I stated was taught in high school, just so you know. :)

I wasn't really expecting more from you to be honest... Sad, crypto cultist.
 
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