InvestorsHub Logo
icon url

Tool_power

02/20/18 9:32 PM

#400868 RE: TeamTOC #400867

Was Coinbase removing LTCC? I only have a couple LTC in Binance, most of mine is in a hard wallet, like I said. It'll probably do well but I didn't know enough about it leading up to the fork to take a chance. I travel so much I just didn't have time to look into it.

Overall, I think LTC will do very well this year. I'm looking for it to challenge and break $1,000 by end of year. When LitePay and Visa release their Litecoin credit card it's going to get a nice boost.

Ultimately I think the IRS will need to make a new determination on how LTC will be taxed because otherwise every time you use your Litepay credit card you'll be creating a tax node. Maybe the IRS can say something like any purchases under $1,000 are non-taxable. We'll see... it's all about adoption. The more that LTC and cryptos in general get adopted the more likely the govt will change its stance.