Stagnation or Stabilization?

Digital Currency Crypto Forum Forums LiteCoin Stagnation or Stabilization?

This topic contains 6 replies, has 4 voices, and was last updated by Avatar of TototoCutugnoCJ TototoCutugnoCJ 1 year, 8 months ago.

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June 11, 2014 at 2:01 pm #310
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While the Litecoin community has felt an underlying sense of positivity, the market has yet to react. Litecoin’s price remains stable. Litecoin also isn’t the only scrypt-based cryptocurrency on the market. Litecoin has progressively gotten much harder to mine, and miners with ASICs may be looking to dig for easy coins they can immediately flip on the market for short-term gain.

Stagnation is not always a negative though. While the price has seemingly stopped in its tracks, it also shows that it may not be as volatile. Bitcoin, being the highly popular currency that it is, has a knack for drastic market fluctuations that leave people outsiders uneasy about its functionality. If Litecoin can hover around one price for long enough, it may be able to prove to the world that it isn’t taking part in a wild ride that can frighten day-traders.

If Litecoin’s initial reaction to Bitcoin’s success has anything to say for the future, Litecoin may be looking at an eternal summer. Whether that’s a good or bad thing depends on what the community wants: A way to get rich quick, or a stable economy.

October 4, 2014 at 9:33 am #394
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June 26, 2016 at 6:09 am #1306
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July 3, 2016 at 10:31 pm #1490
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