Quote from: NathanJB on October 11, 2019, 08:48:16 AM

Quote from: paramind22 on October 09, 2019, 05:21:51 PM

I put in Litecoin halving into google and got:

"Will litecoin go up 2019?
According to oracletime.com, the advantages of Litecoin over Bitcoin will interest many new investors. Their Litecoin forecasts for the end of 2019 is $1000, but there are predictions that it could even rise up to $2000!"

Thoughts?

Wow! That is a prediction that is probably too bullish. That is something that Litecoin is impossible to reach in only barely three months time, even the lower prediction of the two, which is at $1,000. Take a quick look at coinmarketcap.com and you will see that Litecoin is somehow stuck at around $55. If $1,000 is possible, that is roughly x 18 of growth or 1,800 percent. I can't see enough reason for now why Litecoin will suddenly rise that fast in price. Halving is not enough reason I guess.

Your analysis is logical, optimistic in speculation is a good thing but if too optimistic and put too much of our ambition and prediction, it would be unreasonable and even lead us into traps then trapped for a long time. And maybe the guy above fell into an overly optimistic state, devoting too much love to litecoin but didn't realize litecoin didn't have enough power to go to that path, especially at this moment, the pump period is focusing on coins of average and relative value, litecoin really doesn't have too many chances to leapfrog