Litecoin creator Charlie Lee is sharing his views on the great Bitcoin debate of 2019.
In a new interview, Lee says he thinks Bitcoins halving, which will lower the reward miners receive for powering the network in half, may have a short-term effect on the price of BTC. Lee tells The Crypto Lark he thinks Bitcoins price may pump leading up to the halving and then deflate after the event happens in May.
Everyone is thinking about how [the halving] will affect the price. From my point of view, I think that, kind of like the Litecoin halving, it becomes a self-fulfilling prophecy. If people think the price will go up, they will buy, which causes the price to go up. So I think well see some of that play into effect, and maybe after the halving we might see people sell the news, so to speak, and you might see a dip. But who knows. I think there is going to be a lot of price action this year because of the halving, which will be exciting
A lot of people say the halving is priced in because you know about it ahead of time. But the market is participated by humans, and humans are emotional and they try to fit patterns. With Litecoin last year, we saw the price go up quite a bit before the halving. And then after the halving, it actually dropped quite a bit. And that just happens. People were buying because they think the price will go up and after the halving happens, they just sell. Well see what happens with Bitcoin. It might follow the same pattern. I think it will, but who knows.
Lee, who famously sold all of his Litecoin in late 2017 to avoid any conflict of interest, also talks about his thesis that anyone interested in investing in the dangerously volatile crypto markets should buy Bitcoin before exploring the altcoin market.
I think for most people, they should actually invest in Bitcoin first. Bitcoin is the king of crypto. Its more of a for sure thing. Dont put all your money into a much more speculative altcoin that could go to zero much more easily than Bitcoin can. Similarly, I wouldnt tell everyone to put all their money into crypto. So, same thing. You shouldnt put all your money into an altcoin without having a decent amount of exposure to Bitcoin first.
Investing in Litecoin is more volatile than investing in Bitcoin. During the bear market, the ratio also drops, so your Litecoin hodlings drop a lot more than your Bitcoin holdings. And then during the bull market, the ratio goes up. So if youre holding Litecoin, youre actually making more money than when you hold Bitcoin. It all depends on when you get in.
Featured Image: Shutterstock/IgorZh
Here is the original post:
- cryptocurrency Litecoin - Bitcoin Exchange Guide - January 25th, 2018 [January 25th, 2018]
- What Is Litecoin? Here's Everything You Need To Know ... - February 1st, 2018 [February 1st, 2018]
- Could Litecoin Be a Better Investment Than Bitcoin ... - February 15th, 2018 [February 15th, 2018]
- Criminals May Ditch Bitcoin for Litecoin, Dash, Study Says ... - February 15th, 2018 [February 15th, 2018]
- What's Wrong With Ethereum, Ripple, and Litecoin? -- The ... - March 23rd, 2018 [March 23rd, 2018]
- Mining Calculator Bitcoin, Ethereum, Litecoin, Dash and Monero - April 22nd, 2018 [April 22nd, 2018]
- Litecoin Courting TenX and Korbit - Just a Month after ... - April 22nd, 2018 [April 22nd, 2018]
- Litecoin vs Bitcoin: The 2 Most Popular Digital Coins Compared - April 24th, 2018 [April 24th, 2018]
- Litecoin Review - Charlie Lee's Open Source P2P LTC ... - April 24th, 2018 [April 24th, 2018]
- 3 Ways Litecoin (LTC) Will Grow In 2018 - April 24th, 2018 [April 24th, 2018]
- Litecoin - Litecoin Price Live, LTC Value, Mining, Wallet ... - May 7th, 2018 [May 7th, 2018]
- Litecoin price analysis: Balancing at the edge of a cliff ... - August 13th, 2018 [August 13th, 2018]
- What is Litecoin? A Basic Beginners Guide - Blockgeeks - September 18th, 2018 [September 18th, 2018]
- Litecoin Mining Pool (LTC) | Coinfoundry - December 3rd, 2018 [December 3rd, 2018]
- What is Litecoin? | A Beginner's Guide - December 3rd, 2018 [December 3rd, 2018]
- Litecoin Soars 36% As Investors Gain Confidence - December 7th, 2018 [December 7th, 2018]
- Litecoin Definition | Investopedia - December 7th, 2018 [December 7th, 2018]
- What Is Litecoin? What to Know in 2019 - TheStreet - December 22nd, 2018 [December 22nd, 2018]
- Crypto Market Extend Gains: Litecoin (LTC), Bitcoin Cash ... - December 22nd, 2018 [December 22nd, 2018]
- CMA warns against new coin offering - mediamaxnetwork.co.ke - January 4th, 2019 [January 4th, 2019]
- 3.17$ Get Free | Free Cloud Mining Site 2019 | Live ... - January 4th, 2019 [January 4th, 2019]
- Crypto Prices Fall; Ireland Toughens Law on Money Laundering - January 4th, 2019 [January 4th, 2019]
- Litecoin (LTC): Rejected at $40, this downtrend could last longer - January 18th, 2019 [January 18th, 2019]
- Litecoin | Litecoin Price | LTC | Litecoin Chart | Info ... - January 23rd, 2019 [January 23rd, 2019]
- Litecoin (LTC) Price, Chart, Info | CoinGecko - January 23rd, 2019 [January 23rd, 2019]
- Top 3 Litecoin Price Predictions for 2018 ~ InvestingPR.com - January 25th, 2019 [January 25th, 2019]
- Litecoin Climbs More Than 30% In A Matter Of Hours - February 11th, 2019 [February 11th, 2019]
- Litecoin - investopedia.com - February 12th, 2019 [February 12th, 2019]
- Ex-Googler Gives the World a Better Bitcoin | WIRED - February 12th, 2019 [February 12th, 2019]
- Litecoin Is Surging, Boosting Ethereum, Ripple's XRP And ... - February 12th, 2019 [February 12th, 2019]
- Litecoin r/litecoin - reddit - February 12th, 2019 [February 12th, 2019]
- Beginner's Guide | litecoinpool.org - April 16th, 2019 [April 16th, 2019]
- litecoinpool.org - April 16th, 2019 [April 16th, 2019]
- Litecoin Value | Litecoin Price | Litecoin Wallet ... - April 16th, 2019 [April 16th, 2019]
- What Is Litecoin? LTC News, Price and Charts - April 16th, 2019 [April 16th, 2019]
- Moon Litecoin - Free Litecoin Faucet - April 16th, 2019 [April 16th, 2019]
- Litecoin - Investopedia - April 16th, 2019 [April 16th, 2019]
- Litecoin (LTC) price: News & Live Chart - Trading Analysis ... - May 5th, 2019 [May 5th, 2019]
- Bitcoin Cash, Litecoin And Dogecoin Bulls Aim Higher ... - May 10th, 2019 [May 10th, 2019]
- Will Litecoin (LTC) Rally to $1,000 After August 2019 Halving? - May 10th, 2019 [May 10th, 2019]
- Litecoin (LTC) Price Analysis: Dips Remain Attractive To ... - May 10th, 2019 [May 10th, 2019]
- Litecoin (LTC) Price Analysis: Risk Of Additional Weakness ... - May 10th, 2019 [May 10th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 15/09/19 - FX Empire - September 19th, 2019 [September 19th, 2019]
- Litecoin could start its road to recovery if it breaks out of the parallel channel - AMBCrypto - September 19th, 2019 [September 19th, 2019]
- Litecoin Fractal Hints Bitcoin Price May Soon Tumble to $8,300 - Ethereum World News - September 19th, 2019 [September 19th, 2019]
- Litecoin could swing higher following the completion of ascending triangle pattern - AMBCrypto - September 19th, 2019 [September 19th, 2019]
- Litecoin Exhibits 4% Hike in the Intraday Trading - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Bitcoin, Ethereum and Litecoin Price Analysis and Prediction for September 12th 2019: BTC, ETH, and LTC - The Merkle Hash - September 19th, 2019 [September 19th, 2019]
- Litecoin Ready for Gains as Alts Turn Green - Price Analysis - CryptoGlobe - September 19th, 2019 [September 19th, 2019]
- Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 16 September - FXStreet - September 19th, 2019 [September 19th, 2019]
- InnfiRAT Malware Steals Litecoin And Bitcoin Wallet Information - BleepingComputer - September 19th, 2019 [September 19th, 2019]
- Litecoin Gears Up for A Rebound; Hovers Around $65 - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 13/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Weiss Crypto Ratings Downgrades Litecoin & Cardano, Ups Monero - Cryptonews - September 19th, 2019 [September 19th, 2019]
- Cryptocurrencies price prediction: Bitcoin, Ethereum, Litecoin - American Wrap - 19 September - FXStreet - September 19th, 2019 [September 19th, 2019]
- Litecoin Foundation Selects Celsius Network as Its Preferred Interest-bearing Wallet - Business Wire - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 16/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Crypto Market And Bitcoin Holding Support: BCH, Litecoin, EOS, XLM Analysis - newsBTC - September 19th, 2019 [September 19th, 2019]
- Bitcoin vs. Litecoin: BTC Price Trend Seems Disturbed; LTC Reflects Growth in the Price - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Litecoin price analysis: LTC/USD bullish frenzy is unstoppable - FXStreet - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 14/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Bitcoin And Crypto Wallets Are Now Being Targeted By Malware - Forbes - September 19th, 2019 [September 19th, 2019]
- Litecoin price analysis: LTC/USD reclaims $70 support amid broad-based crypto recovery - FXStreet - September 19th, 2019 [September 19th, 2019]
- Litecoin Price Escalation Prepones the Price Rally; Uptrend Reflects Stability - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Litecoins price bounces back while Bitcoins price stays steady - Decrypt - September 19th, 2019 [September 19th, 2019]
- Bitcoin Flatlines As Ripples XRP, Ethereum, Litecoin And Bitcoin Cash Surge - Forbes - September 19th, 2019 [September 19th, 2019]
- Crypto Market Cap & Bitcoin Drop Sharply: BCH, Litecoin, ADA, TRX Analysis - newsBTC - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 19/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Litecoin will have succeeded when it doesnt need Charlie Lee [INTERVIEW] - CryptoSlate - September 19th, 2019 [September 19th, 2019]
- Litecoin Non-Profit to Hold Undisclosed Treasury Sum with Crypto Lender - CoinDesk - September 19th, 2019 [September 19th, 2019]
- Litecoin and Bitcoin wallets on iPhones older than and including iPhone X are insecure, says LTC developer - AMBCrypto - October 1st, 2019 [October 1st, 2019]
- Tether (USDT) Becomes Fourth Biggest Cryptocurrency, Trumping Bitcoin Cash (BCH) and Litecoin (LTC) - U.Today - October 1st, 2019 [October 1st, 2019]
- Litecoin Turns Surprisingly Bullish Due to These Five Factors - BeInCrypto - October 1st, 2019 [October 1st, 2019]
- Litecoin Gets Back To The Lower Border Of The Channel - Benzinga - October 1st, 2019 [October 1st, 2019]
- The Hard Week Thats Been Hitting Litecoin - Live Bitcoin News - October 1st, 2019 [October 1st, 2019]
- Litecoin Price Changed by 3.49 percent - ICO Brothers - October 1st, 2019 [October 1st, 2019]
- Litecoin looks to gain movement with potential inverted bart formation - AMBCrypto - October 26th, 2019 [October 26th, 2019]
- Litecoin set to breach ascending triangle as buying pressure rises - AMBCrypto - October 26th, 2019 [October 26th, 2019]
- A bearish technical analysis for Bitcoin, Ethereum, XRP and Litecoin; but what if bullish? - CryptoSlate - October 26th, 2019 [October 26th, 2019]
- You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon - U.Today - October 26th, 2019 [October 26th, 2019]