Volume...
people sometimes need to take a break from trading
How I see it: I've convinced myself that the bitcoin price will be significantly higher at some point in time. Reason enough for me to hold through everything.
I would advise to keep some eggs in another basket. Don't place all eggs into one basket.
Those rules maybe ancient, but have proven themselfes since some time.
but what other basket would have so much profit potential as BitcoinČ
are we going to see another dump, like happened last time the price "recovered" to above 1000?
$1500 In Juni is doable?
$4000
no more than $2000, still problems with block size and China
While BTC`s future is uncertain, people began converting their BTC to Litecoins.
Bitcoin future is uncertain, so people move to a Bitcoin clone to be safe
At least move to ETH would make some sense, because ETH is not Bitcoin with another name
Real world use cases for litecoin are nonexistent.
People used to use it to move funds quick(er) between exchanges. Not sure if this is still the case.
problem is, both exchanges must use Bitcoin and the fees for the exchange from and to bitcoin