Over the last few months I've allocated 100% of my LTC to Monero. AMA
Discussion
Why monero? Just wondering, I hold a few tokens and have looked at monero for a while but haven't acquired any.
What was the reason for that
I always had some LTC but after LTC's last halving event it appears that it's not following the deflation curve Bitcoin does. Actually, LTC didn't do anything since it's own halving. Don't get me wrong, always loved LTC and it always has been good to me. However, felt like it's time to just let it go.
It was $92 on August 2, 2023. The day of the halving.
Today, itβs $129.
Itβs up 40% in 18 months.
Life has gotten cheaper owning it.
Now it's $87 which is far from last cycles high. It's not even close.
Yeah, I have come to that conclusion over the last 6 weeks or so. Itβs still being used a lot with bitpay. Which I think is a good indicator of sentiment. But people are using it as a savings vehicle. They are using it as digital cash.
Yeah and I wouldn't bash on LTC. I had it for a long time and it's one of the few alternative cryptocurrencies that may call themselves a coin.
You leaving me alone with LTC? π₯Ή