RE: Will 50-SMA On Daily Charts Reverse the Bitcoin Price Movement?
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I've been adding to my LTC since 2017. Trade it here and there, but overall more of a hold with taking advantage of large price swings. Always looking for when it's way outside of 50 day SMA for when to make trades.
Personally it's a better coin then BTC...don't really care what anyone thinks. BTC is just to expensive to do transactions in and purely is a store of value, yet a ton of money has flowed into it based on it being a viable monetary tool (think Tesla). In the end a coin like LTC or maybe Bitcoin Cash are better options for actual transactions do to speed and fees.
Sadly Hive nor Steem never positioned themselves as viable currency. The transaction speed and costs are pretty much unmatched. I actually sold a car for Steem a couple years ago to help build my account. Talk about a fast way to transfer funds, instantly in my wallet vs waiting around for who knows how long if things are congested for BTC.
Yes, Ltc is the top contender for use for daily purchase transactions. With Hive mostly being used as Hive Power, it’s hard to imagine it could become a widely used currency. Maybe HBD could. But that is also limited in supply.