What is your Litecoin price prediction and why?(self.litecoin)submitted by Tbh I was never really on the Litecoin train after seeing it kinda lag behind other cyrptos like Dash and Monero, but idk in my gut I feel like Bitcoin is gold and Litecoin is silver... No way it's going to be at $4 in the future, how low/high will the price go do you think and why?π Rendered by PID 14603 on app-223 at 2017-06-24 12:46:06.595715+00:00 running 3522178 country code: SG.You can head back to our homepage, or check out some great posts.If we think Blockchains-based economy is better than current one, then most likely we will see most of the money flowing to Blockchains in future.There can always be flaws in any system.Blockchains carry great promises but time will show.Problem is that we dont really know how much money is in the world.When we buy cryptocurrencies and log this money to Blockchains, we might just find out.My estimated price:Current total market cap of all cryptocurrencies is ~100B.You can find it here: Global Charts | CryptoCurrency Market CapitalizationsHere is estimate that there is $1.2 quadrillion in the world which is $1200000B.

You can find it here: Here’s all the money in the world, in one chartSo if all economy would flip to Blockchains they would grow about 12000 times from this point.Let say only 10% of world economy will flip to blockchains inside next 10 years, this means income of 1200 times of your start-up capital.So that would mean if you invest $1000 now it could be $1.2 million in 10 years.In case that Blockchains are really working and about 10% of world’s capital will flow there.Satoshi said Bitcoin will either gain massive volume or none at all.At the current rate, it's gaining massive volume.Some say the predicted value is 50k per coin by 2025.I've also read that the bubble will pop and Bitcoin will die.My prediction is that the technology behind cryptocurrencies, blockchain, will continue to evolve and new inventions will be made; Ethereum and IPOs are the beginning of a new era in business.Ethereum will reach Bitcoin current value and more, other altcoins like dogecoin, ripple, and dash for example, will skyrocket to the moon right along with it.Cryptocurrencies are an asset like gold or a home, a digital commodity.

They gain value through demand; once the general public realizes the power of blockchain softwares and the usefulness of it's services, everything will change and early adopters will hold tremendous authority.It's simply how the world operates.The same happened with every exploitable resource discovered; ever.Most coins gained 20x value last week.Some gained 200x like ether and ripple.Innovations are being made daily; the rapid evolution is honestly insane.IPOs are phenomenal and will make a lot of people very very wealthy if they are not already.Billions of dollars will circulate this new finance equity.Pay attention to worldcoinindex and Google news 'cryptocurrencies' daily to stay up to date.Prices from a ling while back, Ethereum at $11 =_=Also trading altcoins right now will make you fucking rich.Forget 5% a year; right now you could buy in for 1,000 and earn easily 200 in a single trade with the right coin.Thanks for reading my answer, I post a lot about cryptocurrencies, mostly my opinions on topics that I find interesting.

I have read a lot and enjoy writing my thoughts, please check out my profile and engage with my writings, I write back to everyone and enjoy all of this.Follow here: Charlie GuinnAt one point I computed if the entire world’s economy was replaced with bitcoins, then each bitcoin would be worth about $2 million dollars in current dollars.However, the fallacy of this argument is even if you believe the e-currency will replace all normal currency, there is absolutely no reason to believe it will be bitcoins that rule the day.There are huge technical flaws with bitcoins.remove bitcoin walletReally the same can be said of most of the e-currencies I’ve tried.bitcoin forex leverageSure maybe the blockchain is reasonably secure.bitcoin checkout button

But every time there is a fork in the code, there is a potential new ecurrency.How would you ever know if you were holding the best one?And who wants to take a day to resync their blockchain wallets each time windows does an unexpected update.The trades are corrupt, as are many of the users.Really what we have in e-currencies is EVIL and CORRUPT.circle ceo bitcoinJust as bad as the Federal Reserve.Well actually worse.ethereum move blockchainFor all the horrors of the Federal Reserve, at least I can find the names of the board members.It seems like every day a new e-currency comes online.bitcoin difficulty in 2015Once a week there is a major price adjustment because lets face it, the value is based strictly on “FAITH” just like USD, only with e-currency there is no one big that will fail if the e-currency fails.bitcoin millionaire stories

So it is 100% speculation.Some happen to provide some side benefit that is worthwhile.And many are working to improve the design flaws.For example the POS change for Ethereum will be a major game changer.Whether that will win out in the market is anyone’s guess.Ethereum is an inflationary currency, and will remain so.bitcoin during recessionBut for reasons of trying to get mass adoption, you can expect inflation will be limited until ETH matches bitcoins in market cap.If bitcoins win the day, you can expect the value to be up to $2 million eventually.uber bitcoin promoIf ETH wins the day, it would be pure speculation to even guess… If it remains the wild west, eventually these two will both disappear to be replaced by something better.Litecoin used to be a top player in the crypto space, branded as the “silver to bitcoin’s gold”.

During the 2013 bitcoin bubble, LTC was the #2 market and was highly correlated to the price of bitcoin.In 2013, bitcoin gained +11,000% and litecoin gained +500% over the price of bitcoin during its peak.The price of LTC hit an all time high of around $50 on some exchanges.The last major litecoin rally was during the summer of 2015, when a Chinese LTC Ponzi scheme managed to accumulate at least 20% of the entire supply.Most of that supply was instantly dumped and the LTC/BTC markets have been on a long bear trend since.Litecoin lost its correlation to bitcoin after the summer pump and was left behind during most of the year long BTC bull trend.That said, its USD value has remained somewhat stable and consolidating within a tight range.Although litecoin hasn’t been a very good market to trade for most of 2016, it’s possible that this rock is a sleeping giant ready to rise from its slumber.Here are four reasons why litecoin may hit a bullish trend reversal in 2017.Recently the People’s Bank of China cracked down on major crypto exchanges.

The result being that they stopped all margin trading and have eliminated the zero fees model.This means that Chinese traders can only play in the spot markets and will have to devise entirely new strategies for making profit.The only way to make profit on the spot markets is to buy low and sell high.Traders can no longer short by selling coins they don’t have.If they want to be a participant in the crypto markets they need to own some coins.The larger bitcoin bull trend is still intact but likely due for several months of consolidation, perhaps forming a large symmetrical triangle.Generally speaking, when the price of bitcoin stabilizes, liquidity shifts into the altcoin markets.As it turns out, the only altcoin market available on the top Chinese bitcoin exchanges (OKCoin, Huobi and BTCChina) is litecoin.Given the choice between the two markets, the percentage gains for moving a smaller cap market like LTC can be much higher.Accumulating litecoin at the bottom of its price range is also a cheaper option than accumulating bitcoin at the top of its range.

Game theory would suggest that buying litecoin has more profit potential.Litecoin is the only altcoin that trades more volume in fiat than against BTC.The majority of litecoin’s volume is actually in CNY, which means the markets could take on a life of their own and easily become non-correlated to the price of bitcoin.Litecoin is currently in the process of trying to help bitcoin’s scaling debate by moving towards the activation of Segregated Witness and Lightning Networks.Litecoin founder Charlie Lee stated in a recent post: “Until SegWit, LN, and Confidential Transactions, I didn’t see a need for Litecoin to come out to help test features before they are on Bitcoin.So I was happy to let Litecoin go on without a lot of development.Hence my tweet about Litecoin not needing development.But with SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock.Litecoin can take a lead and be a positive force in the cryptocurrency space.

We have been drafting behind the Bitcoin race car for many years.It’s about time to take a turn out front.” If Litecoin implements these changes before Bitcoin, this will completely change the network’s fundamentals and offer something new to the ecosystem.That alone has the potential to attract market interest from crypto traders.The Litecoin network’s hash rate is starting to show exponential growth.Sometimes a coin’s price can be correlated to the amount of hashing power on the network.The increased difficulty means that miners need to spend money in upgrading their equipment to be more efficient.If the cost of mining coins is on par or greater than the price, miners will hoard coins instead of immediately selling on the markets.Litecoin is currently the second most secure blockchain in the world and it doesn’t seem like the market value is reflecting this achievement.If there’s one thing that can be said about the markets, it’s that trends don’t last forever.Any market that’s still alive with decent liquidity tends to go through cycles.