litecoin and why I'm so bullish on litecoin right now I'm gonna talk about it in this video so stay tuned what's going on guys if this is your first time to the channel hit that subscribe button help me help you we talked about day trading we talked about cryptocurrencies we talked about life we talked about money we talked about all that fun stuff right here on the channel so go ahead and hit that subscribe button if you're new to the channel if you're a longtime subscriber thanks for watching hopefully you guys followed me in on this trade here on litecoin so I want to talk about kind of what I did here with litecoin and then kind of talk about why I'm bullish on like one hand today like Koide up there – I mean this camera right here this is a five minute candle we got up there to 144 dollars at one point I was up huge it's pulled back a little bit it's down there to the 130 area I was expecting that I was expecting you know obviously that crazy FOMO kick it in there that's normally what happens with these cryptocurrencies you get these crazy moves you'd only get like a ten twenty dollar jump higher than where it's gonna kind of level off that people kind of you know jump it in there the shorts getting squeezed all that fun stuff but I'm really really bullish on litecoin in the long long term so when I say long long-term I'm talking two three five ten years and maybe you're thinking I'm not trying to hold this for 10 years Patrick that's fine but I still think there's opportunity to be made here the next couple of months I'm talking about kind of where I've been playing and so for the last month or so kind of going down here where I was buying like Kona buys there on like corner at the 5490 area so about a month ago I started talking about like COI start talking about Bitcoin on the channel talking a little bit about like coin but I haven't really talked about why I like it so much so I want to give you guys an idea about that so you can see I've been in like corners about a month now I've been buying it up there at the 5490 area $60 area and I've also been trading I traded Bitcoin cash for like coin so you can go back and see that video where I made 73 light coins I'm trading Bitcoin cash I was moving that around doing all kinds of crazy things you can actually see my orders from yesterday trying to get filled on some more like coin at the 93 area 94 area so right now I'm over 100% all my light coin holdings so I'm pretty happy with that if this thing goes a 200 I'll be up you know close to 200 percent but I am kind of cautious because obviously this could pull back here we can get back down 100 our area who knows it's really volatile you know obviously these coins go all over the place so there's a couple main reasons why I like light coin over the other coins and a couple reasons why I like light coin in general talking about in general why I like light coin first off there is a capped out market supply in the terms that there's only gonna be 84 million litecoins total in the world so they're not gonna be like etherium or other coins where they can keep selling more coins or doing weird things that won't happen with Bitcoin like when there's a capped out maximum so Bitcoin you got the 21 million cap and litecoin is four times s so it's four times Bitcoin in terms of market supply so I really like that idea for the sense that there is gonna be that supply in the man there's not gonna be a unlimited supply of light points that way if I own a thousand like there's never gonna be more to dilute my initial investment you know getting a thousand light coin that's always gonna be a thousand like coin so I really like that idea there's no inflation or something like that going on here another thing that I really like about light coin is that it's four times the speed it's fast I can send light going across the world in a matter of seconds there's no delays the network is fast the fees are low which is really cool the fees are low and there's a lot of action on like width and I think there's going to be a lot of transactions in the future using light coin and when I say transactions I'm not talking about people sending money back and forth because it's so fast and the fees are low so let's say I have Bitcoin let's say I own Bitcoin and I want to send my buddy some money I can use an atomic swap and you probably what's an atomic swap in the future I'll be able to actually trade litecoin or Bitcoin etc I'll be able to do cross chain exchanges without using in exchange I can actually change my Bitcoin into like coin with an atomic swap and it's like wow my mind exploding they're not gonna get a super deep into the whole atomic swap idea but you get it that it's coming it's coming the technology is there it's being implemented in the future but atomic swaps are a big big thing for litecoin and how this is gonna affect the overall blockchain the future that I can now do cross change exchanges without using in exchange that's truly a decentralized system so if somebody has Bitcoin they want to trade for light coin I can do that and I can trade without having to use a third party exchange I'm gonna put my money in that exchange cuz really right now if I put money into G Dax and G Dax gets hacked or somebody breaks into GD X and steals all my life on it's gone there's no guarantee by G Dax there's no safety net if something like that happens we had issues in the past where exchanges were hacked stuff like that happened so it's very important to always keep your coins always keep your private keys on you don't go and put it all in exchange don't use coin base to hold all your coins look into using hardware wallet stuff like that another reason that I really like litecoin is the fact that it's cheap and I mean you're like well was it matter of his cheap it's the idea so there's a psychological idea something that I've already realized by talking to people in the cryptocurrency world or or talking to people who are new to cryptocurrency when they see the price of Bitcoin they see the price of Bitcoin as $15,000 they're thinking wow I had to spend fifteen thousand dollars to buy one Bitcoin that's too expensive I can't get into it it's too late but then the price of litecoin is only $100 I can buy you know two three four or five of these things and I can actually own a light coin you're thinking that is what America is all fractional who cares how many coins you have because it really comes down to just how much money you have invested sure that's a great way to look at it but when it comes down to it there's that psychological thing that humans have where they want to own something people were like they want to be proud they have ten like ones or they want to be proud they have a hundred like but people are looking at like I don't want to own a fractional amount I don't want to own only half of a Bitcoin I don't want to own you know point zero zero amount of Bitcoin but I do want to own two or three like coins so I think that mental philosophy this kind of that people wanting to own something I think that's why light coin has a big future right here in this price point obviously as a price of light coin goes up it's gonna be harder for people to buy more light coin in terms of buying the actual coins but at this price point right now I think people are able to buy one coin when they get into the cryptocurrency world one of my friends hey I bought one like one for 90 bucks and he's like excited cuz he has one light cord because he's thinking hey this thing might go to twenty thousand dollars like Bitcoin did so he sees it as a you know big future thing and it's kind of a an accomplishment to own one likely so I think that's another reason that light coin has a really kind of good future in terms of words at right now price point wise in the future that won't matter as much but right now I think for the first time investors for the first time crypto buyers like coin is that a very attractive price they get on the coin base they see that aetherium 500 bucks they see that bitcoins $15,000 and then they see light coin it's only a hundred bucks now I go okay I could buy a couple of those and I could be a crypto investor and that's kind of like that mental philosophy if they want to own that one little coin so I think it's a really cool thing I also really like that Charlie Lee is a part of the whole like coin community still so Bitcoin you got Chateau XI who knows where he is who knows who he is he's not there there's no figurehead where litecoin Charlie Lee is there he's present he talks about like coin every day he's working to make litecoin better he's working with organizations he's out there in the public eye he goes on the news he goes on the talk shows and he talks about litecoin so that's going to help like coin going into the future that there's really somebody out there there's a figurehead somebody who invents it like one who can talk about why like one is better where bitcoin there's nobody there there's just a bunch of people who bought Bitcoin cuz thought it was good and they made a bunch of money and that's what they did now they're promoting it to make more money but when it comes down to it Charlie Lee has really been there since the beginning for like coin he was big at coinbase he's big in the community he has notoriety he's got a real you know resume behind him in terms of cryptocurrency and what he's done for the world in terms of cryptocurrency with light so I think that's a really good benefit for like coin is to have that figurehead to have somebody who can be in the public who could answer questions who can you know help grow like coin in that sense so it really comes down to doing your own research figuring out what coin best fits your kind of overall game plan in terms of investing you know what you're looking for in the long run I can see like coin easily surpassing $1000 in the future I don't mark my words for that don't go and buy or now because you're thinking oh he said a thousand oars in the future I'll buy it right now sounds like the easy bit because this thing could easily crash and you know who knows if you go back down it could go back down so that's always the way to play it I got in at a really good price obviously buying there you know in the low 50s and then buying on the way up buying every dip I feel really good about it but overall I think the best thing to do right now is to do your research to learn more about cryptocurrencies to learn about you know what the overall technology is and kind of see this really does have a future maybe cryptocurrencies don't work maybe going in the future this is all look back on like hey that was a fun experiment doesn't work but I think the underlying technology the blockchain technology is going to revolutionize the world we'll see what happens I think we're at a very important time where people around the world are starting to learn about cryptocurrencies my dad asked me about it there's people out there who want to learn more about it the world is waking up and it's a very exciting time to be alive I think the blockchain cryptocurrency world has a lot to offer and we're gonna see what happens here I'm not a light coin fan but maybe I'm a little bit of like one because I think it's gonna have huge upside I've got a bunch of it and I feel pretty good about it but I think overall the big big thing right here is the idea of what this technology offers and where we're gonna be ten years from now looking back and be like wow like coin was a hundred dollars at the gettin of the year that's crazy you know like when was four dollars in January of 2017 four dollars in 2017 that's hard to believe but you can see here like coin over $140 today beautiful day I'm happy to be up I'm happy to be in the green after this morning's kind of you know lackluster day trading day but I feel pretty good about this cryptocurrency world right now and I'm learning more every single day so I'll report back and I learned some more if I learn anything I think you guys want to hear about I'll let you know so hit that subscribe button help me help you I'll talk to you guys later on