Retail investors having little to no knowledge of Crypto, let alone having any position around Litecoin. A friend of friend invested around $15K in LiteCoin on purely speculation. This is not even in the US.
I have been asked my a few friends and family members about investing similar amounts in Crypto, not knowing much about it.
People want piece of the action. The return period is small, LiteCoin up 90% just in the last 24 hrs, up 10000% in the last year. These are bonkers results if you just want to play the market and cash out.
I have been asked my a few friends and family members about investing similar amounts in Crypto, not knowing much about it.
People want piece of the action. The return period is small, LiteCoin up 90% just in the last 24 hrs, up 10000% in the last year. These are bonkers results if you just want to play the market and cash out.