Here's the Reason Why Litecoin Survived the Crypto Fallout! Пожалуйста, прочтите это!
Over the past month and a half, we witnessed tremendous volatility in bitcoin, major cryptocurrency assets, and several leading altcoins. The one standout performer in this blockchain malaise was litecoin, the perennial "number two" cryptocurrency. What made litecoin so comparatively robust?
The answer is "deleverage" -- litecoin is simply independent (relative to many other blockchain assets) of bitcoin and its price trends. You saw this yourselves. While bitcoin for a few days dropped below the critical $2,000 threshold, litecoin did not challenge its lows. From my memory, it did not dip into $20 territory.
The evidence of litecoin deleverage is found in statistical correlations. This blockchain asset has a relatively weak correlation of 39% (FYI: I incorrectly stated in this video that it was 30% to 35%). Many other cryptocurrency coins have correlation strength of 52% or higher.
This weak correlation, though, indicates that the litecoin price action runs more independently of bitcoin, and therefore, is an excellent choice with which to hedge your bitcoin bets!
Litecoin has done very well. With so many great cryptos out there, I never invested in it because I did not see a unique value proposition in it being the silver to Bitcoin's gold. I have written about how cryptocurrencies are the lowest correlated assets to traditional assets, which makes them a great investment. It seems that Litecoin would be an excellent choice for balancing the risk in your cryptocurrency portfolio, also due to its weak correlation with Bitcoin. Great article!
I think you're right and so did Dash!
Agreed, Litecoin is more practical for day to day usage. I consider BTC a store of value and crypto reserve asset
To be honest - Litecoin surprised me.. I haven't been following it for a long time and missed all the new stuff.. and all the potential monetary gains with it
I always use Litecoin to do transfers because it is way better than BTC as far as speed/cost and the network is always fast when I use it. BTC fees are somewhere around $1 or more just to send. Litecoin is only a few pennies! Great alternative route for money transfer IMO Hey check out my BTC price forecast I just put out today! https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-7-26-2017
))..Не,ну я думаю ещё как на Кипре SOLARcoin раскрутить..)))
Спасибо за инфо....я гляну, что там на Кипре:)
))..там Солнце,много Солнца,..батареии солнечные...А Никосийцы с Универа сидят думают,что с блокчейном делать..)))