What do you think is causing the price of Litecoin

Question

Litecoin

Pandoius

What do you think is causing the price of Litecoin

to keep falling?

#blockchain #cryptocurrency #english #ltc

0

сегодня 15:25

7 ответов

2 просмотра

John

John
External factors: - Market makers having way more...

At this point I don't know anymore we're in this kind of limbo where we've got great numbers for stuff like payments but there's also zero incentive to hold it except to try to catch the bullrun wicks

0

3 часа назад

Pandoius Автор вопроса

John
External factors: - Market makers having way more...

What you said makes a lot of sense and your analysis is quite in-depth. Thank you.

0

2 часа назад

Happy

John
External factors: - Market makers having way more...

In short, the project is too good and there are many bag holders

0

2 часа назад

Prytaneis

Happy
In short, the project is too good and there are ma...

Many bag holders but only the number of bag holders, not the quantity of Litecoins, otherwise the market cap wouldn't be so low. This only tells us one thing, Binance and other big exchanges (coinbase) hold a HUGE amount of LTC and are actively suppresing it (Binance mostly, via its pop-up exchanges etc)

0

2 часа назад

Happy

Prytaneis
Many bag holders but only the number of bag holder...

No

0

2 часа назад

Happy

Prytaneis
Many bag holders but only the number of bag holder...

The volume of ltc is not big enough compare to real big coin

0

2 часа назад

John · Accepted Answer

External factors: - Market makers having way more influence than people and thus they choose what the market does - Way easier and quicker to make money with stuff like memes and new launches so why would they bother much with older coins - Somehow there's a bad reputation or no reputation at all. Like either they don't know about LTC at all, either they've heard it under a bad light "lol it's dead" Internal factors: - The refusal of the big heads of Litecoin to acknowledge the importance of price action (I mean we're talking about a CURRENCY here) not just for "pumping the bags" but for stuff such as giving donations (I would like to give but why would I give anything when I am down 26x and struggle ?). A healthy price action is a virtuous circle which is bringing more attention thus people to do initiatives such as coding new features and experimenting on it, more influential people participating etc. - Nothing being done about the neverending fake/inaccurate news which have been spread for years thus being true in the mind of 99% of people out there regardless of facts (e.g. "charlie sold the top and crashed the price") - The weird culture of not doing anything when new features that are interesting come up, and then 5 years later when everyone did it and noone cares anymore starting to finally implement it (e.g. first privacy, now apparently they want to start doing some defi, I mean good job but maybe this should have been done 7 years ago ?) - The contradiction of having sold Litecoins for avoiding a 'conflict of interest' but always cheering for Bitcoin while his bags are fully BTC is not a conflict of interest somehow - The absolute lack of understanding that decentralization does not mean without leadership. Those are two separate and distinct things. You need a strong leadership and decision making. You can't just say it's decentralized and expect something to come out of chaos. If you want decisions to be less reliant on a single leader and more on voting then you should implement decentralized governance. But you can't have both close to zero leadership and zero form of on chain governance and expect anything but years of nothingness. - The illusion that because something is fair or better means it will automatically win. I am not sure if this is a wider issue with the current capitalistic mindsets that market is perfect and somehow always values things the way they should or simply just a naive personal take on how things go because they're not business people and thus don't really know that most companies out there who made it are absolutely not those which had the best product

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