Is There A point To still Hold Litecoin As An Investment? - page 2.

guydin

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www.fintropy.io

Quote from: ?? on ??

if you are looking for the utility usage as a reason and there is no a point from there but the only point to hold it to bet on the speculation of the litecoin as part of the top crypto. I thought that the majority of people are betting on the technical reason of litecoin because it has not utility usage.
This should be the main reason.

For me, Litecoin is simply one of the best-trusted cryptocurrencies. Often, it is used as a mediator in the exchange chains, when I cannot make a good pair of cryptocurrencies. Therefore, I will go on investing in Litecoin and holding it. Probably, this altcoin will become the best gainer, but it is reliable, and it will exist on the market for many years.

Doranile432

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Activity: 476

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These are the reasons to hold litecoin
1.Its faster in transaction speed and cheaper fee too
2.Its an old grand daddy just like bitcoin so no risk like exit scams
3.Teams are already renovating litecoin from the beginning of this year
4.By 2020 litecoin might actually get implemented into a working product for means of payment hopefully

Holding litecoin isnt bad at all since its been around for a long time,its safer to invest in old strong crypto coins this days

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

There is a huge reason for investing into litecoin because it is the most innovative old coin out there. It improves it is blockchain like hell and always has a new thing up their sleeves but it is also 5+ years old (I don't remember the first day of it but I am pretty sure it is at least 6 years old). So, you are getting both a coin that is brand new with its tech and features but also an old one that everybody knows as old as crypto goes.

It is like getting a very old beetle and then basically renovating everything about it, from bumbers to engine to tires to basically everything including cars frame itself, literally a brand new one but it is just a beetle and still looks like a beetle, even though everything is brand new they are all still beetles parts. That is what I think makes litecoin so great.

rdluffy

legendary

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LTC is a copy from BTC, I use to pay less taxes in small amounts transfers

But the devs could use LTC as experiments to use in BTC if succeed, like LN for example
Use another coins to test, verify, test again and if everything goes 100% right, deploy in BTC

airdropan

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if your purpose for investment , my mean for long investment for sure it worth it to holding and keep LTC (litecoin) as investment
in my opinion this coin community really support this coin , the coin still beat many coin and stay on top 5 cmc.

hulla

hero member

Activity: 1834

Merit: 566

Quote from: ?? on ??

Litecoin Is a strong investment and a long term investment precisely, there is still lots of room for it to grow huge,

I agreed Litecoin was a strong due to what happened after it creator sold all his holding before he determines to take the coin the next level which was the exact reason why I choose not to invest in the coin anymore in other to play safe.

Quote from: ?? on ??

I believe that you won't have to regret buying it for a long term

We both know deeply what you just said is not guaranteed cause the previous decision made by the coin creator is enough.

wywoc

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Quote from: Ilans on August 05, 2019, 08:24:52 AM

This is Litecoin's repo:

https://github.com/litecoin-project/litecoin

it didn't undergo any improvements in over a year (all recent commits, that were over half a year ago, are all meta data). From what I undretand, its founder abandoned it.
There was a price hike due to the recent halving, but for the price to remain high or to increase, there needs to be a future to justify the mining and demand.
This doesn't seem to be the case, as the project is abandoned and stagnating.

So I'm asking, is there still a reason to be excited about or hold Litecoin?

I think the main reason is because this is one of the very old coins, and there are many Whales still holding LTC. Therefore, despite no updates on Github in the past 1 year, the price of LTC has increased thanks to Halving.

bryant.coleman

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Quote from: dearbesz1219 on August 07, 2019, 07:47:24 AM

Litecoin is copy paste of Bitcoin.
Litecoin promises many cool features in the future, privacy second layer solution, credit cards.
But everything what can be built on Litecoin could be also on Bitcoin.
So Litecoin is only testing platform for Bitcoin new upgrades.

Couldn't put it any better than this. Litecoin was one of the first copycat coins that plagiarized the idea behind Bitcoin, and still came to be regarded as one of the top altcoins. Just like you said, technically Litecoin has zero advantages over Bitcoin. The only thing I can think about is the transaction fee, but even in that aspect I don't think that there is a major advantage in using LTC over BTC.

My take on Litecoin is very simple. From 2011 to 2015, Litecoin remained as the no.2 cryptocurrency, despite its many weaknesses. Eventually, it was overtaken by other altcoins such as Ethereum and Ripple. Let's just admit that the peak period is over for Litecoin. It helped many investors to become rich (including me), but now it has hardly any future potential.

pawanjain

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Nothing lasts forever

Litecoin is surely a good coin to invest in if you look at it from a speculative point of view but there are no serious developments taking place which makes it vulnerable to disruption.
So, we can invest in the coin for day trading and short term trading but it wouldn't be wise to invest in it for a long term.
If there are no developments planned then probably it won't survive in the long run. Not every coin can turn out be like bitcoin.

globalking

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POINTPAY

yes of course now all the altcoins are in silent mode so you have to wait for a little longer for the maximum gains till than sit back and relax.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

That will be up to people to hold litecoin or not. But for me, I still hold litecoin because I see that litecoin have a chance to increase higher, especially after the halving. Maybe I need to wait for a long time and will not see the price increase in a short time, but I don't mind to hold it for now. I think many people are doing the same and they still buy a lot of litecoin in the market because they want to make a profit from litecoin.

Baofeng

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Quote from: dearbesz1219 on August 07, 2019, 07:47:24 AM

Litecoin is copy paste of Bitcoin.
Litecoin promises many cool features in the future, privacy second layer solution, credit cards.
But everything what can be built on Litecoin could be also on Bitcoin.
So Litecoin is only testing platform for Bitcoin new upgrades.

I would have to agree that LTC is just a silver to BTC gold. It just completed its block halving, so we need to wait before the price would pick up. Bitcoin didn't increase after the block halving, it takes weeks so I'm expecting that to LTC as well. But as far as development goes, LTC is just a guinea pig, sort of, but what makes it stay in the market is that a lot of gamblers are opting to used LTC as well, specially when the price of BTC is increasing. So even if there's no development, I'm sure LTC will remain in the crypto verse.

dearbesz1219

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Litecoin is copy paste of Bitcoin.
Litecoin promises many cool features in the future, privacy second layer solution, credit cards.
But everything what can be built on Litecoin could be also on Bitcoin.
So Litecoin is only testing platform for Bitcoin new upgrades.

adamlillian

member

Activity: 459

Merit: 10

Quote from: Ilans on August 05, 2019, 08:24:52 AM

This is Litecoin's repo:

https://github.com/litecoin-project/litecoin

it didn't undergo any improvements in over a year (all recent commits, that were over half a year ago, are all meta data). From what I undretand, its founder abandoned it.
There was a price hike due to the recent halving, but for the price to remain high or to increase, there needs to be a future to justify the mining and demand.
This doesn't seem to be the case, as the project is abandoned and stagnating.

So I'm asking, is there still a reason to be excited about or hold Litecoin?

We should really look at Litecoin's long-term future, I believe they will have the strategy to push Litecoin's price soon.
We should keep and hold it until its price increases to about $ 150.
I'm quite serious about this because if Halving happens but the price doesn't increase, that's not reasonable. We need to wait patiently.

confreslamp

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CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM

LTC is one of the most undervalued coins. When I am trying to transfer funds, I am using LTC very often, because transaction fee is extremely low and it usually takes not more than several minutes to complete the transfer.

Meysa_richa

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All investments in Cryptocurrency are no guarantee we will get high profits, because actually no one can ensure the price of Cryptocurrency will go up or not, because all of that is only a prediction and it can be right or wrong. Even holding Bitcoin is no guarantee, because everything is volatile. However, because Litecoin is one of the coins in the top rank, this coin is worth investing.

Mahanton

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Quote from: Ilans on August 05, 2019, 08:24:52 AM

So I'm asking, is there still a reason to be excited about or hold Litecoin?

Abandoned by dev- with that alone you would able to answer your own question.Whats the reason for you to hold it up if you do able to see that there were no further developments for this coin? But somehow this coin is still tanking with rank top 5 overall which means there still enough support for this coin.

Iykecollinz

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Activity: 294

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Not a good time to hold any altcoin, no one knows the particular direction that bitcoin will be taking, we are not certain if the bull season will continue and if it doesn't will mean litecoin will be coming down to another low.

CryptoIyke

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Activity: 308

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Personally as a trader, this is not the best time to hold any coin as there is so much unpredictability in the market and it is not very certain which direction bitcoin will go next being the core determinant of the market space

2Kool4Skewl

sr. member

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Merit: 250

I think it makes sense to keep Litecoin as a long-term investment. Because it is a fairly progressive coin. Which deserves your attention and investment. He has great prospects.

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