Hi Friends!
It’s a sea of red this morning in the crypto world.
Of note, the only thing green on my board is gZil — the token you earn alongside Zilliqa staking rewards.
Here’s something else to consider...
Supply differential between btc and Ltc is 4:1 price differential is 260:1 😳😲😁
So think of it in terms of gold:silver ratio
We all know it should be about 14:1 but it is about 80:1 and this is one of the reasons we here at SGS are such maniacs for silver. So looking at a 260:1 ratio for the two oldest cryptos (often described as the silver and gold of crypto) makes me think: time to get some Litecoin in my stack — so I can trade it for more btc when the ratio re-adjusts. Now of course I don’t know that this will happen as the fundamentals are different between metals and cryptos, but that’s a helluva difference!
I have been meaning to write more about this stuff for a while now, and I will get to it. But in the mean time, today could be a good day to “cost-average” onto a few positions.
I remain bullish on bitcoin, certainly Litecoin, and my two fave alt-coins: Vechain and Zilliqa. Also, I believe going forward that Chainlink will be an indispensable crypto and that acquiring more of it is an excellent t idea.
Happy stacking frens! And Happy Moon Year!
Cheers! from @thedamus
🎢🎢🎢🎢🎢🎢🎢🎢🎢
