Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.
I would never call the end of some alt too early, those little suckers are full of nasty surprises!
Once upon a time, the majority of crypto investors had not experienced the burning side of a p&d. Not true now. Today, to have staying power, at a leading tier marketcap, a coin has to have compelling features. LTC does not. I expect DRK to fail on its snake-oil promises, eventually, but I expect it to outperform LTC by a nautical mile for a long while, perhaps forever.
Yes, LTC has historically lagged BTC and overshot its spikes. I expect most of that positive beta will be embodied by other alts with better distinctives this time. NXT and MRO are obvious candidates (leaving DRK aside for the moment).
A couple of weeks back you were more skeptical about NXT. What changed your mind, if indeed it has changed?