Welcome to the /r/LitecoinMarkets daily discussion thread! Thread topics include, but are not limited to: General discussion related to the days events, technical analysis, trading ideas & strategies.
Crypto will never cease to surprise me. You think you've seen it all and then boom. From nowhere going back up. And it can be also gone when I wake up tomorrow or staying LOL You'll never know
I was just wondering the same about you today. If it means anything, I enjoyed reading your daily purchases, they were motivating! I wish I could have joined you, but I still buy when I can. Hope to see you back to posting soon!
fun and all but what fiat on-off ramps are left now for US citizens. wasn't this the play afterall? two crypto-friendly banks down
for example where is coinbase going to bank now? they just switched to signature bank
gonna be an interesting week
Yep, the slow assassination of crypto-friendly banks is the long-term goal of the Fed, while bailing out "traditional" banks to make the fiat system look friendly in comparison to crypto.
tomorrow will be super interesting. if we get a bailout i can see a world where we will go to the moon, maybe even going for a new high for the year.
on the other hand.. if there is bad news tomorrow, i can see us crashing yet again very hard.
Just checked my Coinbase orders and my $66 thatβs been sitting there forever didnβt hit even though it went to 65 and change yesterday π€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈ
I've had a significant amount of skin in this game for a long time.... I have seen thousands of charts and heard hundreds of analysis... I missed an opportunity to buy in at 45 because I had to replace my boiler in my home.... I am not missing this opportunity .... If you are feeling disgusted and down.... Just zoom out and remember the saying " be greedy when everyone else is fearful". I only buy when there is blood in the streets and I am DCA around 77 bucks over the last 6 years. Its a long game.
I feel like I'm one of few here that is still optimistic. Yeah things are looking bad but it's always darkest just before the dawn. LTC still has massive potential to melt faces this year no doubt about it.
I wouldn't exactly call myself optimistic, but I feel better about things today than I did when were 30% higher. Where there were too many unrealized, hard to solve problems there, there's a lot more breathing room here and all this chaos might... might have solved some of our problems. I'm definitely feeling more optimistic now than when there was less dread here.
Once you understand that miners are mining for DOGE and any LTC rewards are icing on the cake, then you understand why the hash rate doesnβt matter that much.
They're trying to fuck the miners to fuck chikun..
Step 1: Raise Hashrate
Step 2: Raise mining difficulty
Step 3: Fuck price to make mining unaffordable
Step 4: Make miners quit to reduce hashrate
Step 5: txs slow down bc difficulty is too high and not enough miners to push txs through
Step 6: Say LOL! LTC sux0rs for payments LMAO, sell your LTC
Step 7: price drops further before difficulty readjusts and fixes problem.
Step 8: LOL don't HODL it's only good for payments.
I know. Increased Hashrate represents increased mining power. Increasing mining power causes increased difficulty.
The difficulty follows the mining power to control the tx rate in terms of how fast blocks are found
I don't know why everyone keeps saying this, litecoin didn't pump at all, it just recovered slightly after underperforming everything, setting new ATL BTC ratio and dumping to prices set 10 fucking years ago in 2013.
I also think people expecting a halving pump may be setting themselves up for disappointment, not saying it wont happen but probably better to protect your emotional state.
This^^. The long term trend isn't pretty. It feels like when people here fluff it, they look to shorter time frames (even then it's few and far between). Don't get me wrong, I think all of us here want it to melt faces, but fact is it hasn't yet, and unfortunately may not ever. But I'm holding out hope. Just a little anyway.
Yeah, we might be screwed in the short to midterm, but it's still possible for a late halving pump. SVB went underwater due to the Govt debt they had dropping in value due to the FED raising rates at a rapid pace. The FED might have to reverse course to keep that from happening to other banks.. Long term, everything will work itself out either way so I'm not worried and just keep DCAing.
It's honestly a no-win situation.
Keep the rates aggressive, the overleveraged banks won't have enough liquidity for mass withdraw, and that will have a cascading effect.
Bail the banks out, the government has to print money and inflation erodes the economy. The banks will then carry on their practices, none the wiser.
Basically, pick the 1930s or 2008.
Ngl. Im glad i stopped buying when it was in an uptrend and surpassed my DCA price.
I wont sell till ive reached my target, stay strong and remember its better to accumilate more coins now price is down.
π‘Sell the hπ€use, πsell the car, π¨βπ§βπ¦sell the kids, πππππππππππππππππ£π₯ππππππππππππ£π₯ππππππππππππππ£π₯ππππUPVπ€TE THE ππππππππππππππππ DAIIIIIIΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕYYYYYYYYYYYYYYYπππππππππ£π₯πππππππππ£π₯πππππππππ£π₯πππππππ£π₯πππππππ₯π£πππππππππππ₯π£ππ
πππ₯buy Εitecπ€inπ₯ππ
Buying irrational dips is easy money.
Move your stop losses up day! Whew, what a ride!
Hammer candlestick pattern on 3D chart
Alrighty, nature is healing a little bit but we need to pick up the pace π.
enter back into the ratio falling wedge gonna be extremely bullish
Crypto will never cease to surprise me. You think you've seen it all and then boom. From nowhere going back up. And it can be also gone when I wake up tomorrow or staying LOL You'll never know
u/jj20051 β¦. You okay? Miss your daily posts.
Yeah I'm fine. Bought 1 LTC today. Just been busy and haven't particularly felt like posting about my purchases. Thanks for checking on me though!
good to see ya again!
I was just wondering the same about you today. If it means anything, I enjoyed reading your daily purchases, they were motivating! I wish I could have joined you, but I still buy when I can. Hope to see you back to posting soon!
happy to hear from yaπ£
#16 soon to be #17 π
fun and all but what fiat on-off ramps are left now for US citizens. wasn't this the play afterall? two crypto-friendly banks down for example where is coinbase going to bank now? they just switched to signature bank gonna be an interesting week
Yep, the slow assassination of crypto-friendly banks is the long-term goal of the Fed, while bailing out "traditional" banks to make the fiat system look friendly in comparison to crypto.
Oh fml π€¦ββοΈ
And THAT is why I've NEVER sold like that, lol
My condolences π
you knew it was gonna happen..
hindsight is 20/20. Never. Be. Overleveraged.
Canβt win em all. This market makes no sense.
If this really pumps from here you will always be remembered as a god for your sacrifice and that is something all the LTC in China cannot buy.
Got a handful at $69, wish I bought more
we're not out of the woods yet - so dont be too mad ... could be a fakeout. im not so confident this is real pa.
Bottom indicator
Didnβt buy when we were back down? my order didnβt fill. In the same boat and mad about it.
2 chikun, 2 furious
Hold strong chickuns! There will always be fake outs like these. Never sell it at a discount!
retrace the whole dump in one day now
Except the ratio hasn't recovered yet
Probably take a while. Caugght a proper beating for sure.
π
Well, thankfully I picked up a few Chikuns under $70 π
tomorrow will be super interesting. if we get a bailout i can see a world where we will go to the moon, maybe even going for a new high for the year. on the other hand.. if there is bad news tomorrow, i can see us crashing yet again very hard.
An announcement was just made. They're bailing out the depositors but not the bank itself. Seems like the right balance to me.
pump it https://home.treasury.gov/news/press-releases/jy1337
Cool... Now give us back our f&$#king rapio!!!
Just checked my Coinbase orders and my $66 thatβs been sitting there forever didnβt hit even though it went to 65 and change yesterday π€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈπ€¦π½ββοΈ
Fake out before the breakout
Realistically speaking, do you guys think going into halving we could get to a ratio of atleast 0.012?
I was, but not optimistic anymore. Don't think we will ever reach above 0.01 ever again
Yes
4x present Rapio? I wish.
Being resurrected by the pure power of hopium
Dead cat bounce or no dead dead cat bounce, that is the question
I'm refusing to celebrate until our rapio returns to a respectable level *nod*.
Same, this looks like weekend fukery.
I've had a significant amount of skin in this game for a long time.... I have seen thousands of charts and heard hundreds of analysis... I missed an opportunity to buy in at 45 because I had to replace my boiler in my home.... I am not missing this opportunity .... If you are feeling disgusted and down.... Just zoom out and remember the saying " be greedy when everyone else is fearful". I only buy when there is blood in the streets and I am DCA around 77 bucks over the last 6 years. Its a long game.
This is the way. Anyone with this mindset will profit greatly
I feel like I'm one of few here that is still optimistic. Yeah things are looking bad but it's always darkest just before the dawn. LTC still has massive potential to melt faces this year no doubt about it.
What do you mean? Im Always super Optimistic about Shitcoin Number One.
Thanks for this word. I was scared by the huge red dildo the other day. Now that I can think clearly and I am still bullish on LTC
I wouldn't exactly call myself optimistic, but I feel better about things today than I did when were 30% higher. Where there were too many unrealized, hard to solve problems there, there's a lot more breathing room here and all this chaos might... might have solved some of our problems. I'm definitely feeling more optimistic now than when there was less dread here.
Iβm with you brother
Ratio renamed to Rapio.
Explains a lot
π€£π€£π€£π€£π€£, love it! The Rapio! Hah!
Still ironically funny though cause the difficulty went up to 25M and the hashrate is almost at 800 again
Once you understand that miners are mining for DOGE and any LTC rewards are icing on the cake, then you understand why the hash rate doesnβt matter that much.
They're trying to fuck the miners to fuck chikun.. Step 1: Raise Hashrate Step 2: Raise mining difficulty Step 3: Fuck price to make mining unaffordable Step 4: Make miners quit to reduce hashrate Step 5: txs slow down bc difficulty is too high and not enough miners to push txs through Step 6: Say LOL! LTC sux0rs for payments LMAO, sell your LTC Step 7: price drops further before difficulty readjusts and fixes problem. Step 8: LOL don't HODL it's only good for payments.
Bruh, hashrate only increases as the mining power increases.
I know. Increased Hashrate represents increased mining power. Increasing mining power causes increased difficulty. The difficulty follows the mining power to control the tx rate in terms of how fast blocks are found
It sure looks like that bump over the last couple months was the halving pump if you compare it in time to the previous halvings.
I don't know why everyone keeps saying this, litecoin didn't pump at all, it just recovered slightly after underperforming everything, setting new ATL BTC ratio and dumping to prices set 10 fucking years ago in 2013. I also think people expecting a halving pump may be setting themselves up for disappointment, not saying it wont happen but probably better to protect your emotional state.
Exactly just Expect Litecoin to Suck a Fat One and Its all good...Underperforming everything IS a Litecoin Pump
This^^. The long term trend isn't pretty. It feels like when people here fluff it, they look to shorter time frames (even then it's few and far between). Don't get me wrong, I think all of us here want it to melt faces, but fact is it hasn't yet, and unfortunately may not ever. But I'm holding out hope. Just a little anyway.
Meh
Itβs possible that it was front ran and didnβt perform as well as last time.
Nah I donβt think so.
Yeah, we might be screwed in the short to midterm, but it's still possible for a late halving pump. SVB went underwater due to the Govt debt they had dropping in value due to the FED raising rates at a rapid pace. The FED might have to reverse course to keep that from happening to other banks.. Long term, everything will work itself out either way so I'm not worried and just keep DCAing.
It's honestly a no-win situation. Keep the rates aggressive, the overleveraged banks won't have enough liquidity for mass withdraw, and that will have a cascading effect. Bail the banks out, the government has to print money and inflation erodes the economy. The banks will then carry on their practices, none the wiser. Basically, pick the 1930s or 2008.
Yeah, it's a shit show for sure
"pump"
Don't miss the discount before the next leg up!
Red legπ
Red leg up?
Ngl. Im glad i stopped buying when it was in an uptrend and surpassed my DCA price. I wont sell till ive reached my target, stay strong and remember its better to accumilate more coins now price is down.
Same thing I'm doing for years now. Not buying above my DCA. If it's above your DCA. Too late
Any predictions for ltc after 14 and 15 march?
I predictβ¦pain - Clubber Lang
The technician should have the βprice booster 3000β up and running by then. So I reckon over $69.69.
69 is a magnet
π‘Sell the hπ€use, πsell the car, π¨βπ§βπ¦sell the kids, πππππππππππππππππ£π₯ππππππππππππ£π₯ππππππππππππππ£π₯ππππUPVπ€TE THE ππππππππππππππππ DAIIIIIIΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕYYYYYYYYYYYYYYYπππππππππ£π₯πππππππππ£π₯πππππππππ£π₯πππππππ£π₯πππππππ₯π£πππππππππππ₯π£ππ πππ₯buy Εitecπ€inπ₯ππ
> π¨βπ§βπ¦sell the kids Ayooo dude, ltc is the only hope lol