How much is 17 bitcoin

July 31, 2021 / Rating: 4.8 / Views: 545

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Will litecoin go higher

When we hit the extremes in the cryptocurrency market, people’s minds go into overdrive, about what the future value of their coins will be. When things bottom out, people wonder if it’ll go lower. They panic, that they missed their opportunity to sell. When the market enters a bull run up, they start dreaming about how high the price will reach…whether it is likely or not. I mean, during the last super bull market of late 2017, there were plenty of folks saying it’d be worth 00 sometime in 2018. The market peaked somewhere in the 0 range, I believe. With Litecoin, that dream number seems to start at 00 per LTC, and extends even higher from there. Alrighty, to answer the question of can LTC ever reach 00 in value per coin, it is yes. In fact, it tanked all the way to around for 1 LTC. Hell, it could go back to near zero sometime in the future. Some have a thesis about what it’ll do and it might come to fruition. Out of thousands of people, a certain percentage will be correct about their predictions. The thing is, you don’t need to be absolutely correct, in order to make money. If you believe that hyperinflation is going to occur with the dollar (sometime in the future…but again, when? If 1 LTC were worth 0 tomorrow, would you sell it? Being off by five years, can make a huge difference), that 00 LTC, might be the current equivalent of S. Or would you be scared to take any profit, because it isn’t the ‘magic’ 00 number. Though, I suppose we can talk about 00 in current purchasing power per Litecoin, and its equivalent future price. Secondly, even if you’re a LTC bull and think it will hit 00, what’s the time frame? Well, the bull case for Litecoin, is the continued growing adoption of it as a crypto that people are actually using to make transactions. There are lots of businesses now, which accept both Bitcoin and Litecoin, as payment. It has a 7 year history and advantage of name recognition and this is potentially huge. Some folks say, Bitcoin is the store of value, and LTC is the one you spend. There will only be 4x more Litecoin ever mined versus the total number of Bitcoin. If wider acceptance, sort of tethers these two to one another, a massive increase in value could occur. So, if my LTC is worth significantly more in dollars than it was when I acquired it, I will probably sell some of it for cash. With greater institutional investment and recognition of cryptocurrencies, Bitcoin has especially gained a lot of legitimacy over the past few years. If some company’s stock seems cheap based on an actual valuation, I’ll buy that too. Cash which I will either use to buy something or acquire other asset class stakes (stocks, bonds, gold, silver, real estate, whatever). I’ll let it ride longer, in hopes that it will go parabolic, and increase my purchasing power further. It’d be less than desirable, but since I’ve already taken profits in the past, I’d still be ahead no matter what. As it becomes more scarce, the price should rise even further, potentially dragging up other coins with it. Also, like any other asset class, I never get overzealous and purchase more than I can comfortably afford to lose. Are you using USD or euro or whatever your local currency is to buy LTC, because you believe in its future? If you truly believe in it as a future form of widely adopted money, shouldn’t you be transacting in it now, to make that happen? Who cares what the price is in USD, then, outside of how much stuff you can buy with the Litecoin? Is it just speculation and you’ll dump it all, if it hits a certain price? Even if LTC, isn’t widely adopted in the long run, it could still get a short-run parabolic run. I will buy Litecoin, particularly when its price, drops like a rock. Keep the rest as a potential lotto ticket (if the price goes to the moon! In short, I want to increase my purchasing power, in whatever denomination is in use at the time. The goal of all of my investments is to either increase or preserve purchasing power. If there is a run up that gets it above 0 per LTC, what will you do? Just like the bull run of 2017, the euphoria surrounding BTC, spilled over to just about every other coin on the market. I’m utterly agnostic to its long-term adoption, as a currency. Sell off fractions to lock in profit or keep going for that 00 price target? People didn’t want to miss out, so they bought anything they could get. LTC is currently trading at around 5, as I’m writing this. Whatever your decision, figure out why that is, and what the pros and cons of each decision is. This factor alone, could drag LTC up to a price close to 00, if Bitcoin surpasses its previous high. It isn’t inconceivable for an 8x return from these price levels, if markets get super frothy. If it went to $.001 per LTC, would this drastically effect your standard of living? If so, why are you carrying so much risk, on one trade? You need to have a reason why you’re buying Litecoin. Figuring all of this out, gives you a roadmap of how to behave, during the extreme times of market pricing (both low and high). I know that a lot of people who are getting into buying cryptos are young and have never invested in anything before. They put on blinders to the reality of a given situation, and it can end up, really biting them later. With this inexperience, comes certain pitfalls, namely getting to caught up in the hype. Then, get attached to an idea or certain asset, and end up just wanting to be proven correct about their beliefs. I’ve seen people get attached to certain companies, whose stock they hold. For cryptocurrencies, such as Litecoin, there are the true believers and the no coin folks. They are hardliners about crypto, either for or against. Winners Who Won’t Take the W For example, during the 2017 run up in LTC price, there were people working minimum wage (or near it) jobs sitting on 5-6 figure LTC gains! They would post about it on Reddit or other boards, talking about crypto. That’s really great, except that, they refused to sell any. Maybe they all do become mega rich, at some point (assuming they even decide to sell at 00 per LTC). But when you can barely survive, you’re making -20K a year, and don’t take any profits off the table? At that point, you’ve already won, enjoy some of the spoils. Sell some and get your life situation in a better spot. Go for it, but to have no money and watch that 0 Litecoin price drop to in a year’s time? They could’ve had 2-3 years worth of wages, in their bank accounts, within a short period of time. Plus, still been sitting on a stash of Litecoin, to potentially send their profits into orbit. No Coiners On the opposite end of the spectrum, there is the No Coin folks, who won’t ever buy any cryptocurrency. Again, I’m agnostic to widespread crypto adoption, but why be so rigid with something with a decent shot at paying off massively? As if you could’ve sold fractions of a stuffed toy on the way up in its perceived value, like with crypto. These people, endlessly talk about Beanie Babies, tulip bulbs, and other financial bubbles. Or there was a liquid marketplace to sell, like with crypto (not just 1990s e Bay). Nope…had to sell the whole toy at once and hope you got a good price at auction for it, close to book value. Meanwhile, you can realize 10x returns with crypto. Pull out a bunch of profits and still have more upside in the future) Yet, even understanding the mania which comes along with huge market run ups, they still won’t put any money in. Just you watch.” Yeah, maybe, but over the last decade of boom and bust cycles of Bitcoin…even a tiny amount would’ve still made a boatload. You’ve now got a lot of cash to invest into other assets that you actually believe in. They still won’t do it, they’d rather be proven correct at some point in the future; versus making easy money now, with very little downside risk (in terms of its impact on your well-being). Why not put in an amount, you wouldn’t care if you lost? A lot of people look at price charts in any asset class, and do this thing where they say, “Oh if I had bought it at x price and sold it at the top…I’d be a hyper super mega billionaire! I’ve done another post on this site, where I do a case study of investing in stock during a bust oil market, and how even if you’re not always consistent you can come out ahead. An amount that would make no real difference in your standard of living? Even if you buy a portion at too high a price, you can still eventually get great returns. (The returns since publishing are even better, than what is written there). During extreme pull backs, buy a little more, if you have the cash. Yes, that’s investing in a company that you can properly valuate, and is way less speculative versus crypto. Just don’t panic and let it absorb your life, whether we go to 00, or back to S. However, it still shows that even without buying at the bottom or predicting the top, one can do very well. Especially in a market like coins, where the price surges can be insanely lucrative. What if, you end up with high five figures or six figures in profits? Don’t fall into the trap of fantasizing of what you could’ve had. Piggybacking off of that last point, envisioning being wealthy is cool, but don’t get attached to a future that may never come to pass. Not millions, but still greatly enhances one’s life. Don’t overextend yourself, buying up coins you really can’t afford to, without losing the rent money. It’ll just make you stressed out and depressed, that the easy life hasn’t shown up for you yet. You didn’t invest then or you sold early or whatever. Yes, some people have already become millionaires or billionaires, in the past decade off of this stuff. That amount of money, may not set you free financially, but it definitely shortens the time frame. Hell, even a few hundred dollars is still better than nothing. When we hit the extremes in the cryptocurrency market, people’s minds go into overdrive, about what the future value of their coins will be. When things bottom out, people wonder if it’ll go lower. They panic, that they missed their opportunity to sell. When the market enters a bull run up, they start dreaming about how high the price will reach…whether it is likely or not. I mean, during the last super bull market of late 2017, there were plenty of folks saying it’d be worth 00 sometime in 2018. The market peaked somewhere in the 0 range, I believe. With Litecoin, that dream number seems to start at 00 per LTC, and extends even higher from there. Alrighty, to answer the question of can LTC ever reach 00 in value per coin, it is yes. In fact, it tanked all the way to around for 1 LTC. Hell, it could go back to near zero sometime in the future. Some have a thesis about what it’ll do and it might come to fruition. Out of thousands of people, a certain percentage will be correct about their predictions. The thing is, you don’t need to be absolutely correct, in order to make money. If you believe that hyperinflation is going to occur with the dollar (sometime in the future…but again, when? If 1 LTC were worth 0 tomorrow, would you sell it? Being off by five years, can make a huge difference), that 00 LTC, might be the current equivalent of S. Or would you be scared to take any profit, because it isn’t the ‘magic’ 00 number. Though, I suppose we can talk about 00 in current purchasing power per Litecoin, and its equivalent future price. Secondly, even if you’re a LTC bull and think it will hit 00, what’s the time frame? Well, the bull case for Litecoin, is the continued growing adoption of it as a crypto that people are actually using to make transactions. There are lots of businesses now, which accept both Bitcoin and Litecoin, as payment. It has a 7 year history and advantage of name recognition and this is potentially huge. Some folks say, Bitcoin is the store of value, and LTC is the one you spend. There will only be 4x more Litecoin ever mined versus the total number of Bitcoin. If wider acceptance, sort of tethers these two to one another, a massive increase in value could occur. So, if my LTC is worth significantly more in dollars than it was when I acquired it, I will probably sell some of it for cash. With greater institutional investment and recognition of cryptocurrencies, Bitcoin has especially gained a lot of legitimacy over the past few years. If some company’s stock seems cheap based on an actual valuation, I’ll buy that too. Cash which I will either use to buy something or acquire other asset class stakes (stocks, bonds, gold, silver, real estate, whatever). I’ll let it ride longer, in hopes that it will go parabolic, and increase my purchasing power further. It’d be less than desirable, but since I’ve already taken profits in the past, I’d still be ahead no matter what. As it becomes more scarce, the price should rise even further, potentially dragging up other coins with it. Also, like any other asset class, I never get overzealous and purchase more than I can comfortably afford to lose. Are you using USD or euro or whatever your local currency is to buy LTC, because you believe in its future? If you truly believe in it as a future form of widely adopted money, shouldn’t you be transacting in it now, to make that happen? Who cares what the price is in USD, then, outside of how much stuff you can buy with the Litecoin? Is it just speculation and you’ll dump it all, if it hits a certain price? Even if LTC, isn’t widely adopted in the long run, it could still get a short-run parabolic run. I will buy Litecoin, particularly when its price, drops like a rock. Keep the rest as a potential lotto ticket (if the price goes to the moon! In short, I want to increase my purchasing power, in whatever denomination is in use at the time. The goal of all of my investments is to either increase or preserve purchasing power. If there is a run up that gets it above 0 per LTC, what will you do? Just like the bull run of 2017, the euphoria surrounding BTC, spilled over to just about every other coin on the market. I’m utterly agnostic to its long-term adoption, as a currency. Sell off fractions to lock in profit or keep going for that 00 price target? People didn’t want to miss out, so they bought anything they could get. LTC is currently trading at around 5, as I’m writing this. Whatever your decision, figure out why that is, and what the pros and cons of each decision is. This factor alone, could drag LTC up to a price close to 00, if Bitcoin surpasses its previous high. It isn’t inconceivable for an 8x return from these price levels, if markets get super frothy. If it went to $.001 per LTC, would this drastically effect your standard of living? If so, why are you carrying so much risk, on one trade? You need to have a reason why you’re buying Litecoin. Figuring all of this out, gives you a roadmap of how to behave, during the extreme times of market pricing (both low and high). I know that a lot of people who are getting into buying cryptos are young and have never invested in anything before. They put on blinders to the reality of a given situation, and it can end up, really biting them later. With this inexperience, comes certain pitfalls, namely getting to caught up in the hype. Then, get attached to an idea or certain asset, and end up just wanting to be proven correct about their beliefs. I’ve seen people get attached to certain companies, whose stock they hold. For cryptocurrencies, such as Litecoin, there are the true believers and the no coin folks. They are hardliners about crypto, either for or against. Winners Who Won’t Take the W For example, during the 2017 run up in LTC price, there were people working minimum wage (or near it) jobs sitting on 5-6 figure LTC gains! They would post about it on Reddit or other boards, talking about crypto. That’s really great, except that, they refused to sell any. Maybe they all do become mega rich, at some point (assuming they even decide to sell at 00 per LTC). But when you can barely survive, you’re making -20K a year, and don’t take any profits off the table? At that point, you’ve already won, enjoy some of the spoils. Sell some and get your life situation in a better spot. Go for it, but to have no money and watch that 0 Litecoin price drop to in a year’s time? They could’ve had 2-3 years worth of wages, in their bank accounts, within a short period of time. Plus, still been sitting on a stash of Litecoin, to potentially send their profits into orbit. No Coiners On the opposite end of the spectrum, there is the No Coin folks, who won’t ever buy any cryptocurrency. Again, I’m agnostic to widespread crypto adoption, but why be so rigid with something with a decent shot at paying off massively? As if you could’ve sold fractions of a stuffed toy on the way up in its perceived value, like with crypto. These people, endlessly talk about Beanie Babies, tulip bulbs, and other financial bubbles. Or there was a liquid marketplace to sell, like with crypto (not just 1990s e Bay). Nope…had to sell the whole toy at once and hope you got a good price at auction for it, close to book value. Meanwhile, you can realize 10x returns with crypto. Pull out a bunch of profits and still have more upside in the future) Yet, even understanding the mania which comes along with huge market run ups, they still won’t put any money in. Just you watch.” Yeah, maybe, but over the last decade of boom and bust cycles of Bitcoin…even a tiny amount would’ve still made a boatload. You’ve now got a lot of cash to invest into other assets that you actually believe in. They still won’t do it, they’d rather be proven correct at some point in the future; versus making easy money now, with very little downside risk (in terms of its impact on your well-being). Why not put in an amount, you wouldn’t care if you lost? A lot of people look at price charts in any asset class, and do this thing where they say, “Oh if I had bought it at x price and sold it at the top…I’d be a hyper super mega billionaire! I’ve done another post on this site, where I do a case study of investing in stock during a bust oil market, and how even if you’re not always consistent you can come out ahead. An amount that would make no real difference in your standard of living? Even if you buy a portion at too high a price, you can still eventually get great returns. (The returns since publishing are even better, than what is written there). During extreme pull backs, buy a little more, if you have the cash. Yes, that’s investing in a company that you can properly valuate, and is way less speculative versus crypto. Just don’t panic and let it absorb your life, whether we go to 00, or back to S. However, it still shows that even without buying at the bottom or predicting the top, one can do very well. Especially in a market like coins, where the price surges can be insanely lucrative. What if, you end up with high five figures or six figures in profits? Don’t fall into the trap of fantasizing of what you could’ve had. Piggybacking off of that last point, envisioning being wealthy is cool, but don’t get attached to a future that may never come to pass. Not millions, but still greatly enhances one’s life. Don’t overextend yourself, buying up coins you really can’t afford to, without losing the rent money. It’ll just make you stressed out and depressed, that the easy life hasn’t shown up for you yet. You didn’t invest then or you sold early or whatever. Yes, some people have already become millionaires or billionaires, in the past decade off of this stuff. That amount of money, may not set you free financially, but it definitely shortens the time frame. Hell, even a few hundred dollars is still better than nothing.

date: 31-Jul-2021 13:56next


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