Re: Litecoin TANKING...opinions on future outlook both nearterm and long term?
sooner or later an alt crash will drive most to ltc as the reserve
In your wildest dreams.
The only reserve in this business is BTC. A reserve currency means that other currencies are "priced" in the reserve. Litecoin had a brief period where that happened on a couple of exchanges but it never took hold. It´s rapidly becoming ´just another alt´. Now that the 0.01 resistance is broken, don´t expect it to ever return.
We´re into the next phase of cryptos.
BTC is a horrible "Reserve" the only reserve is still the local fiat each individual uses to get "goods and services".