After Christmas Expect Price Surge of Litecoin, Right Now Miners Are Gearing Up for 2014

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Litecoin Donation if you think it’s worthy.

By now you have heard the people that know nothing about Bitcoin talking about it as if they know something about it. It’s OK. We see the same with politics today. All these arm chair quarterbacks and just look at the State of the Union.

litecoin1While all the know nothings know very little about Bitcoin, but comment on it, but say they pay very little attention to it, bear in mind many people have not heard of Litecoin.

Trending nicely in the shadows, is Litecoin. As Bitcoin experiences a few market hiccups and some roller coaster rides, Litecoin is emerging. Prices have been moody recently in late December, but keep in mind what may be on the horizon in 2014.

Right now, the miners are just gearing up. Bitcoin and infrastructure are emerging in the Wild West, and daily new businesses and concepts are sprouting up in the open source arena.

As the miners gear up, others will realize their technology is outdated in Bitcoin and will look for easier fortunes in Litecoin.

Santa is going to be helping these miners gear up for the 2014 mining season. People will be building their rigs, and the next few weeks will be a little sleepy as the holidays subside and miners get ready to seek their fortunes.

With these trends in this new emerging market, as others jump to join in like the California Gold Rush, others will find silver while others will find other precious gems. These are the prospectors of a new economy.

Speculators will join in with Litecoin as Bitcoin further develops and flexes it’s muscle as a legitimized currency, competing at that.

There will be the skeptics and those that won’t touch it with a 10 foot pole. There will be those that call it Hocus Pocus, and there will be those that call it a Ponzi Scheme. And after the early days of mining Litecoin, a new class of wealth will emerge from the silver miners. While it becomes harder and harder to mine Bitcoins and costs of equipment rise and squeeze out the little guy, Litecoin will see a diversion slough into it. And there are people ready for it now. But just wait until after Christmas and teenagers and families and business partners alike team up to strike it rich.

While people fight each other at Wal Mart to get lower prices, there will be others mining and acquiring Litecoins. Soon businesses and services will be offered around the ease of Bitcoin, the net cost savings associated with it, and on line escrow account services will emerge to indemnify both buyers and sellers.  Never fear the naysayers. Boom-towns will emerge. And say goodbye to Visa and their fees!

Like any boom, there may be a bust. It’s all in how you play your cards. Old lessons still will be taught and do not put all your eggs in one basket. Some will strike it rich, some will buy too high and panic sell. But the day traders in Bitcoin and Litecoin will be there, driving the market. Some will win big. Some will lose big. Some will miss out by not being there at the right time.

But after Christmas, expect Litecoin to go through the roof in 2014.

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Author: DudeDog
Lover of freedom and human rights and the truth

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