Fortunately for traders and Litecoin enthusiasts, this deep bear market might be a good time for adoption according to Charlie Lee. Of course, since time immemorial, mass adoption of any product-centralized or otherwise attracts value and Litecoin is no exception. In the meantime though, Litecoin as well as most coins in the top 10 are registering double digit losses as sellers search for new 2018 lows.
From the News After realizing the destruction trail following their decision postponement of VanEck and SolidX Bitcoin ETF, the US Securities and Exchange Commission (SEC) is now carrying out a public opinion. Of course, as an unregulated market, the SEC is there to protect the uneducated investor who more often than not bears the full brunt of the market. Steve Wozniak, the co-founder of Apple is keen on meeting and interacting with big players in the blockchain community in the upcoming Crypto Invest Summit scheduled for Oct 23, 2018. Through an announcement, Steve said he was keen on challenging leading blockchain leaders to come up with innovative products that will not only bring utility but value for their users. More than 5,000 attendees are expected at the Los Angeles Convention Center. Other noteworthy speakers at the summit include former NASDAQ chairman David Weild IV, Ran Neu-Ner of CNBC and of course Tim Draper who will be signing off his books and holding a fire chat. As bears fatten up, Charlie Lee advised that this is the best time for adoption. He went ahead and pitched Lite.im which allows users to send and receive Litecoin at Telegram. Lite.im works through an SMS and lets anyone anywhere in the world not only to send and receive fund via Litecoin but they can check incoming addresses and Litecoin balances.
A bear market is the best time for people to work on adoption.
We build it and they will come.