Support the stream: https://streamlabs.com/cryptocapitalventure Litecoin halving has happened and we are entering a new stage of both bitcoin and litecoin cycles. In this next stage, you will most likely find Bitcoin entering a stronger area of growth vs. litecoin. Because of this, I imagine you will see much negativity.

Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative/

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33 COMMENTS

  1. Another TLDR:

    Its a false market right now. Cryptos arent currencies right now theyre commodities. Before the FOMO of a couple years ago BTC was actually being used as a currency, stores were taking it and people were using it as 'money' then with crazy prices, swings and huge volatility and 'crashes' a lot of places just stopped. Then as BTC got back down into that 3K-4K range again and volatility seemed less, it came back again as a 'currency'. Now its doing the same thing it did in 2017.

    LTC has always been a short term trade coin. It has broken in as a 'currency' and since its a lot cheaper it has potential but its still a commodity and the price of it is totally driven by buyers and sellers. Thats why you see such large intraday swings. I cringe when I see so many people who have some smarts say 'hodl'. Because the lost money is staggering. Everyone who watches knew what was going to happen on halving day. A decent price spike off some pretty decent dips. Price peaked @ 107 but even at 105 youre talking nearly 25% from an 85 buy price. It was well under 85 several times leading up to the halving. We saw 82 (under on a couple exchanges) the other day. Of course thats easy to point out after the fact but we knew it was going to be range bound. There was even a video here of a 'busted pattern'. Now the question will be will that pattern be the surge we expect? Meaning maybe 105-110 again? I personally dont think so. But from 85 to 105 to 82. Those 82 coins the other day were 'free' basically.

    People get caught up in 'losing out' they dont realize they already lost. If you think (know) the price is going to drop, sell. Its a simple concept. THEN buy back in. As long as you sell for more than you buy and buy for less than you sell youre gaining. Sitting on coins and watching them go up and down doesnt do anything for you but make you feel good when they go up and bad when they go down. If they were a 'real' currency then youre buying power would increase and decrease. But I doubt more than 2-3% of every person who owns LTC has ever actually used them as a currency. I have owned them for almost 5 years now and never 'spent' one. I have spent plenty of BTC but not for a few years.

    Its a mentality basically. People focus on what they see and dont realize what they dont see is worse. Its like until they exchange them for real world money they havent 'lost' (or gained) anything. So its an inverted psychosis. As long as youre 'hodling' you have potential. Even if the price is 40% of what you paid for them. But if you buy for 85 and sell for 100 (they they get to 107) you 'lost' 7 bucks a coin (even though normally you wouldnt have sold at all) so there would have been no actual loss or gain.

  2. No matter what, I'm gonna put a tiny bit of my stake in LTC, since it is the only "fork" of Bitcoin that Satoshi probably doesn't have any stupidly massive stake in — just in case Satoshi turns out to be someone like Paul Solotshi.

  3. Love your videos. Learning a lot how to read the charts… I see Litecoin at around 60-70sh… I hope so, so I can accumulate some more… thanks for your work…. if you’re accumulating haters too, you’re doing a good job 😉

  4. I have a personal theory. That when people talk trash about something. That means it's going to be successful. And when people talk something up, it is a wash, and never amounts to anything. Like Zcash and XRP. Had so many people saying. OMG THIS IS IT. but both of those coins turned out to really suck man, like big time, total trash coins. BTC on the other hand, always bad things and negativity, that means its gonna make it. LTC getting negativity is a bullish sign, a green flag.

  5. Litecoin is the best choice out of all other coins,who ever sold their Litecoin now,they will regret or won’t get lower price than this.
    I totally see Litecoin will not even go back to $145 but above $200 by year end.

  6. Altcoin Daily which I am not a fan of the brothers didnt say he sold all his litecoins he said he sold all his ALTCOINS and since he did it he profited big way
    He said also that he will buy back his altcoins when BTC will get to a certain break point likely over the 20k
    I think he did the right thing at least so far so good for him
    In my case I would do the same with others altcoins but not with LTC as we are in teh year of LTC halving
    Altcoins are loosing steam big time since the beginning of teh bull run
    There is other thing Dan I like to stress out, although LTC has 700% gains since dec 2018 you should be more accurate and mention that LTC has a drop of 93% too since the ATH , btc is the crypto taht has kept its value better than other one in cryptos history,surely better than LTC
    The same way there are BTC maximalists you will find some ltc Maximalists like you
    At times people look just like some kind of religious cult members
    I am not keen on fan boys whether btc, altcoins, fiat currency precious metals etc
    All is manipulated, one just need to know how to play the game
    I would suggest guys to have a look at Crypto Krown's Cave, he is by far by far the best T analyst you will find in youtube, no bullshit and the guy has astonishing knowledge in trading financial markets
    Dan, DataDash & Krown are in my view the best you tubers, honest and humble lads with good TA
    Cheers!

  7. Have a question, does the spedn app same as spend app ? Because every time I search on Google for spedn app,it always come up with spend app. Please need help. Thanks.

  8. Yes, I heard the Altcoin Daily video. It kind of brought me down. Also the Crytorus video. Many have been negative on litecoin. It has influenced me, and I have thought about lightening up. I have a huge investment in this coin, and honestly I don't need to buy any more dips. No, I don't want to see any more $58 litecoin. Enough already. We need another upside spike. So I do appreciate the voice of balance,
    or the pep talk, or the combination there of. Thanks, Dan.

  9. I'm definitely not a hater. I hope Litecoin goes through the roof, but you didn't really rebut any of the things that others have said. You say there is so much going on, but what is it? Some say its dying, you say its not. But why?

  10. Charlie Lee is one of if not the most influencial person in crypto besides Satoshi himself. LTC a compliment to BTC. Best thing it has going for itself. Unlike Bcash, ripple, etc.

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