[News] Mike Novogratz Bearish thinks that LiteCoin doesn't have BTC's potential

[skywallkee]

Mike Novogratz the trader thinks that LiteCoin doesn't have such a bright future as BitCoin does and he is going to sell his balance at this point as it isn't safe enough to wait for more.

He is going to invest from now on only on BitCoin. He even predicted wrong when he said that BitCoin will only increase to 10.000$.

I do think that LiteCoin will increase a little further to at least 1.000$ if not higher and that's going to be the end of it when it will start losing value.

The cryptocurrency has risen 264 percent within five days. Another round of profits can be booked between the above-mentioned levels. I anticipate the digital currency to enter into a corrective phase following such a huge rally.

You can see the growth in the last month in this graph:

The huge rise in Litecoin’s market cap and price point reflects the overall growth in cryptocurrency adoption globally throughout 2017. The increase has been so substantial that the current market cap of Litecoin is more than the entire market cap of all cryptocurrencies combined at the start of the year.

More: https://www.cryptocoinsnews.com/sell-mike-novogratz-bearish-litecoin-price-surge/

[Kargai]

Agree with that, there is no "real" reason of the LTC push actually, it's just traders who pump it to make some quick bucks. I believe LTC will drop at one point but could still have some value in the future. I planned to buy some at 120$ but not anymore. That said if the coin return to his previous price i'll still buy some for the long term.

[skywallkee]

2 minutes ago, Kargai said:

Agree with that, there is no "real" reason of the LTC push actually, it's just traders who pump it to make some quick bucks. I believe LTC will drop at one point but could still have some value in the future. I planned to buy some at 120$ but not anymore. That said if the coin return to his previous price i'll still buy some for the long term.

If it is going to drop to 120$ I wouldn't buy it. I would only if it would go even a little more down and then will begin raising again. But even so, going down to a half would mean that it is going to be its end and I would step away from it. For now, BTC and ETH seem in a good standing and I'll stick to them until I'll notice a big decrease.

[barbaris]

Litecoin is not a bad currency that deserves attention and probably in the future we will regret that did not buy it now.

[skywallkee]

3 minutes ago, barbaris said:

Litecoin is not a bad currency that deserves attention and probably in the future we will regret that did not buy it now.

I don't have so much fate in LiteCoin. It looks like it won't grow that much and is pretty insecure too. I wouldn't bet on LiteCoin growing up that much and even if it would, I won't regret it as long as BTC and ETH will raise too, as these two being the main coins I'm investing on. I would regret it if I had a few LiteCoins and I would lose them. Besides that, I won't regret anything.

[testB]

As someone with little money, I find LTC far more usable as currency than BTC. The market is a beast beyond me, I'm too little fish in a whale neighborhood.