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RE: Bitcoin: History Repeating Itself. By Gregory Mannarino

in #money7 years ago

Most of the cryptos are reverse pyramid schemes with fewer and fewer coins being minted every month. So if demand rises you have these parabolic moves. I personally don't know why the party would end now. But I do like LTC more than BTC just because it is way cheaper per coin. Also LTC will keep getting good news over the next few years.

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Bitcoin difficulty is increasing parabolically. It will be $100,000 before you know it even if BTC demand remains flat. Which I expect as we move above $25,000 demand will just increase as people start smelling $100,000. Any time is a good time to buy cryptos. But again I like Litecoin even more because it is also a useable coin.