@misconfig_exe Profile picture
Jul 22, 2021 19 tweets 12 min read Read on X
Why I stacked #Bitcoin all of 2020 but started stacking #Litecoin in January 2021: 👇A thread: 👇
What is #Litecoin
#LTC was created in Oct 2011 by computer scientist Charlie Lee, an ex-Googler.
$LTC is based on Bitcoin protocol but it has a different hashing algorithm, and the total supply is capped like Bitcoin, but a higher number of total tokens (84M vs 21M).
Gold vs Silver
#Litecoin is scarce in the same way #Bitcoin is, but it is cheaper and faster to transact in on the base chain (Layer 1). This leads to the narrative that #LTC is the "silver" currency to #BTC's "gold" store of value.
Its network is 10 years old with 100$ uptime.
Litecoin to Bitcoin Ratio
The LTC/BTC pair is a ratio of the value of LTC in terms of BTC value.

Litecoin's price has a demonstrated cycle range to Bitcoin price since 2011 - LTC acts as an oscillator on the LTC/BTC chart.
Its descending trend is close to a breakout (more ltr)
Litecoin has oscillated around 1.2% of bitcoin price, with cycle highs of 2.5% and cycle lows of .0042%.

This ratio is expressed in $LTCBTC pair. The pair cycles from 0.025 LTC/BTC to 0.004 LTC/BTC. Current value is 0.00366 LTC/BTC, significantly undervalued compared to BTC.
Litecoin historically has grown 4x-6x more than Bitcoin from cycle lows.

I speculate that Litecoin will grow 4-5x more than Bitcoin (short-term) when it pumps, as it is currently reaching all-time lows on the LTC/BTC chart.
Don't believe this is likely/possible?
I called the $DOGE breakout in January. I called a coming of break the long-term trend at 66 satoshis.
This sent #DOGE from $0.0080 to $0.08800 (10x) the following day.
Why is DOGE relevant? DOGE is merge-mined with Litecoin. But more importantly:
They both are "oscillators" on the Bitcoin chart.
They are both widely available.
In fact, Litecoin is much more available:
#Litecoin is available on @Venmo @CashApp @PayPal and of course on @RobinhoodApp and @coinbase and @Gemini. Pretty much all exchanges worldwide.
There are more $LTC ATMs than there are for ANY other altcoin. Only #BTC has more.
This means that when mania returns, Litecoin will be available to almost every newcomer -- especially those who already have an app from when they bought DOGE or SHIB or some poocoin and got burned.
They'll learn "Litecoin is like Bitcoin but cheaper"
Now, maybe you don't buy in to any of this nonsense, and you are a Bitcoin maximalist.
Maybe you're "too smart" for this.
Well, think like an average person. They can't figure out what DeFi project isn't going to rug them or which dog-token is not a scam.
Litecoin is 10 years old
Unit Bias:
Unit bias is the psychological impulse to own "multiples of" something, rather than "fraction of" a thing.
This is part of the appeal of DOGE - you can have several thousand for cheap.
But everyone experiences this. #Litecoin is "cheaper" per unit than #Bitcoin --
-- #Litecoin is not only cheaper per unit than Bitcoin, it's also cheaper than #ETH and #BCH, which are two other 'alts' offered on PayPal and Robinhood et al.
"The Price - Is Right"
Note this is a logarithmic chart, the previous one was linear.
The log scale shows a more conservative approach to targets as it suggests a breakout may be further off.
#LitecoinGaming @LitecoinGaming is doing a great job bringing awareness to the cryptocurrency
A new feature is in final stages of development (testing and refinement) for #Litecoin which will enable privacy of wallets and transactions: #MWEB or Mimble Wimble Extension Blocks
Oh I forgot to share this chart.
Compares LTC performance during BTC manias.
Remember, all investments and trades are risky. This is not financial advice.
Litecoin is my biggest holding at this time - "he's just shilling his bag".
DYOR and make your own decisions
Lol. *100% uptime not 100$

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More from @misconfig_exe

Jan 21, 2023
Assume in February 2020, at the height of markets before the Covid crash, you knew the crash was coming, and had the option of putting your entire portfolio into S&P 500, GOLD, SILVER, or BITCOIN.
Which one would have fared best to today?
S&P 500 from pre-pandemic highs to today:
-32% 2020 crash
+107% 2020-2021 rally from bottom
+43% 2020-2021 Feb to top
-25% 2022 correction top to bottom
+18% from Feb 2020 to today Image
GOLD from pre-pandemic highs to today:
-5% 2020 crash
+36% 2020 rally from bottom
+28% 2020-2021 Feb to top
-19% 2020-2022 correction top to bottom
+21% from Feb 2020 to today Image
Read 6 tweets
Apr 2, 2022
I wrote out a long thread on this and hit the [X] on the tab instead of the tab itself to share the conclusion, and lost my draft.
So, here's the final image without commentary
#bitcoin
I'll say this. Pearson's R of ~0.95 is pretty key.
Some images borrowed from mathisfun.com
This trendline approximates normal distribution where the average price where 50% of data is above and 50% of data is below the trendline.
Read 8 tweets
Mar 30, 2022
#Bitcoin and TOTAL #crypto market 1Q charts -- each candlestick is 3 Months

What does this tell us about the market? Let's dive in - following tweets.

1/9
The current 3M candle (1 day until close) is in the form of a BULLish "Long Lower Shadow".
Long shadows (wicks) especially without a wick on the opposite end (I'll touch on that) often mean trend reversal.
2/9
Taking a look at the prior candle, it also formed a long-shadow, but in the opposite direction. While the close was higher than the open, it still formed a BEARish Long Upper Shadow.
3/9
Read 11 tweets
Dec 17, 2021
The #BTC 200D MA (200-day moving average of price) is an important level for understanding #Bitcoin.
I think the $BTC 2Y MA and its 5x multiple are more valuable long-term, but mid-term the 200MA is worth paying attention to.
Here's my perspective 👇[THREAD]👇 Image
From #Bitcoin's introduction in 2009 until its first halving, $BTC stayed above the 200D MA period until its first bear market period. The 200D MA served as resistance, but breaking above it led to prices higher than the 200D MA breakdown the previous year, signaling new 🆙trend Image
In the next #Bitcoin era, the first after the halving at the end of 2012, $BTC rose rapidly and parabolically, blowing off early and testing the 200D MA for support to continue the bull run. (cont) Image
Read 23 tweets
Dec 17, 2021
Recent Amazon Web Services issues resulted in outages for food delivery apps, as well as some internet-"enabled"™ vacuums and pet food-dispensers.
This is reminiscent of Cory Doctorow's prescient story "Unauthorized Bread" which explores how the future of internet-of-things may affect society

arstechnica.com/gaming/2020/01…
... her toaster wouldn’t accept her bread. She held the slice in front of it and waited for the screen to show her a thumbs-up emoji, but instead, it showed her the head-scratching face and made a soft brrt. She waved the bread again. Brrt.

“Come on.” Brrt.
[...]
Read 8 tweets
Dec 15, 2021
Not too long ago, people said that another blow-off top was inevitable for Bitcoin.
Then, people said that because so many people believed it, it was unlikely to happen.
Now, fewer and fewer people believe in a blow-off top.
Based on above logic, this makes a blow-off more likely
@TechDev_52 -- in ref to some comments back and forth we've had lately
Reading some of the responses to this ... Logic might be hard for some of you. Studying it would be valuable for your life.
en.wikipedia.org/wiki/Stoic_log…
Read 5 tweets

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