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Just a little fun, but I'm sure that some of you are aware of the BTC price model built on Metcalf's law that's worked well over the last number of years, but you want an easily ripped half baked version of this, subreddit subscribers are the lazy mans way.
I started observing the /r/litecoin to /r/Bitcoin ratio back in June just as a way of gauging interest in comparison to BTC, here's my record from 19/06/2017:
/r/bitcoin/r/litecoin ratio: 6.95 - 14.38% (353Eur)
You can see I threw in the price estimate based on BTC for fun....and as things turned out...well you know :)
So where are we today?
/r/bitcoin/r/litecoin ratio: 3.85 - 25.95% (3243.75Eur)
In terms of reddit users, LTC is now 1 quarter of btc's value as per the old dream that it might one day be worth .25 btc. Xi and Charlie could well be right...there might well be an insane year ahead of us yet, so happy Christmas and best of luck.
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- 6 years ago
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