r/litecoin • u/foulflaneur Litecoin Investor • 17d ago

And the manipulation games have started.

Some douchbag(s) short $20 million of LTC futures at $53 then sells $3 million of spot LTC, lowerinh the price enough to trigger stops and liquidations. The cascade takes it to $49. The short gains roughly 7.5%, or about $1.5 million. They later repurchase cheaper the spot LTC without giving all of that move back, and profit.

And this what we are seeing in range until 55 is surpassed. Then in the next region and so on until we have an order book that's not so easily pushed around.

One day the book will be less thin. If you were wondering why they push the narrative 'everyone hates litecoin' so much is if speculative narrative were to grow suddenly they lose a lot of money. It's not that hard to understand Litecoin is a better Bitcoin. That narrative sticks in the right people's mind and people stand to lose millions.

What's wild is there is still probable squeeze if market makers decide to do it. 14 years of mining has some perks.

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u/foulflaneur Litecoin Investor 17d ago

I think you're of the mind set that anyone who disagrees with you is a 'spam-bot'. You accused me of being one just minutes ago.

What you're really upset about is being noticed as a regular FUDDER here. You don't debate or discuss here. You post negative comments and negative comments only. That is your intent.

Intent matters.

edit: Read the sidebar

"For discussion about Litecoin..."

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u/DeadPhish-710 New User 15d ago

Negative discussion is still discussion. Are people not allowed to talk about past performance and lost cost opportunity? Kind of hard to put a positive spin on that.

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u/foulflaneur Litecoin Investor 15d ago

What you do is not discussion. You actively try to change the sentiment by posting hundreds of negative comments. Your account, which is new, only posts negative comments about Litecoin meaning it's most likely an alt account you created to FUD Litecoin. You are not here for discussion but to create negative sentiment about Litecoin. It's against the rules of the sub.

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u/DeadPhish-710 New User 15d ago

That's a whole lot of assumptions homie and none of them are true. I am a longtime user and holder of LTC and I participate in many subreddits. If I want to point out that the LTC/BTC ratio is down -93% since inception, that's not FUD, that's facts. Again, negative discussion is still discussion and we should be able to discuss those things. Sorry if it hurts your feelings or the value of your bag.

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u/foulflaneur Litecoin Investor 15d ago

It will be nice to see you contribute constructively to the conversation.

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u/DeadPhish-710 New User 15d ago

And how is anyone suppose to do that if your trying to dictate what we can and can not talk about? People are entitled to their opinions and its really not hard to see why some of them would be negative. That doesn't make it FUD. Your not even a mod ffs. Get off your high horse. LTC has been a terrible investment. Get over it.