Topic: Opinion on LTC as an investment? (Read 467 times)

Hey there,

It's great that you're thinking about long-term investments and considering the potential of Litecoin (LTC). Holding onto your 18 LTC could indeed be a smart move, especially if you believe in the long-term growth potential of Litecoin.

While Bitcoin (BTC) is often seen as the flagship cryptocurrency and has historically provided strong returns, Litecoin also has its own strengths and unique value propositions that could make it a good investment choice.

Litecoin is often referred to as 'digital silver' to Bitcoin's 'digital gold', and it has a strong track record of innovation and adoption in the crypto space. Its faster block generation time and lower fees make it a popular choice for transactions and everyday use. Additionally, Litecoin is one of the oldest cryptocurrencies in the market, which can provide more stability compared to newer, riskier assets.

That being said, it's important to consider diversification in your investment portfolio to manage risk. While LTC may have potential for growth, spreading your investments across different assets can help mitigate any potential downsides. BTC is often seen as a 'safer' investment due to its market dominance and historical performance, but LTC can offer diversification benefits and potentially higher returns in the long run.

Ultimately, the decision to hold onto your 18 LTC or diversify into other assets like BTC depends on your risk tolerance, investment goals, and overall market outlook. It's always a good idea to do your own research, stay informed about market trends, and seek advice from financial experts if needed.

What are your thoughts on LTC as a long-term investment? Do you believe in its growth potential, or are you considering other investment options as well? Share your insights and let's discuss further!

I would say that's a good thing to invest into, I mean I get that it may not look like it's at the peak, but it's doing fine right now and it has a long tradition in the crypto world as well, it's one of the oldest and still surviving projects out there. If we can make sure that we are investing into the right thing with LTC, and have the confidence, then we could make a lot of money with it.

If you have doubts about it, then you would get out quickly whenever it has any drop, which would not be a good investment, but if you could invest into something that takes a bit of time then you know what you are dealing with and I am sure that we are going to make some good amount of money with it as well, that's the most important part.

You're darn right. Litecoin is the next digital Silver. It's just that people don't see it that way. Lack of marketing from the developer team is the result of reduced awareness for LTC. We must take advantage of this before everyone goes all in. Once spot ETFs for Litecoin are approved, market prices will go all the way to the moon. At least, that's what I hope.

What I admire about LTC is its level of resiliency compared to the rest of the pack. It's been up and running without disruptions since day one. With a limited supply of just 84m coins, Litecoin is as close to Bitcoin as it can be. Hopefully, it stays decentralized forever. Just buy, "hodl", and forget about the rest.

Yes, it is a good investment to do, considering that many people like LTC by investing in it, maybe by thinking further to invest in it a small part of the money you have in LTC, it is the right thing to do, by looking at the trading volume that I see the movement is quite good lately in the market, it shows that there are steps of certainty in the litecoin market.

LTC has always been a great investment for many years, over a decade now, and investing into it now can't be that much worse. People are looking for the "next big thing" instead of investing into silver. That is what litecoin is, we have said this a million times and I am sure you heard it a million times too, litecoin is silver to bitcoins gold and that is what investing into this means, nothing more.

I believe that we are going to end up with something much larger, and that is the most important part of investing into stuff. I believe the best approach right now would be getting a small amount of LTC, not saying like you should put all your money in, but getting some is still a great investment without a doubt at all.

As a long-term investment? I don't think it's a good choice. Especially when market prices are pretty stagnant. LTC had an ATH of around $400 a few years ago, and now it's sitting within the $100 - $120 range. Even with BTC going to $106k and the whole market turning extremely-bullish.

If there's one thing LTC is good at, is serving as a tried-and-tested Blockchain network for cheap and fast payments. It's more of a utilitarian coin than a speculative one. LTC is traded at nearly every exchange you can imagine with a vast number of merchants supporting it (unlike newer coins such as Solana, BNB, Cardano, and Avalanche). If you want something useful that's built to last and it's as good as Bitcoin, choose Litecoin. But if you want something that will make you quick returns on your investment, choose "meme" coins instead. For serious, long-term investments, Bitcoin remains the best choice. It's a "free market", so you decide which coin is best for you.

Very true for buy-and-hold.

But for actual trading with the massive columns of buy and sell offers strategy I keep harping on about the sheer accumulation of more and more of the sell-side (the non-bitcoin side) asset while from time to time "thinning out" the buy-side (the bitcoin side) of BTC/whatever pairs can rake in so much of the sell-side asset over the years that one can still end up in profit on both sides despite the periodic or even pretty much forever dropping of the sell side asset's actual per-coin price-in-bitcoins.

So investing in that kind of market-making on a pair still continues to seem to me much better than just plain old HODLing not only of the alt side but also of bitcoins themselves.

If profiting on something that forever goes downward in price seems weird or mysterious simply think how electronics stores manage to profit on electronics despite how electronic gadgets keep getting cheaper...

Basically you keep obtaining more inventory, scaling up even as price per unit goes down.


-MarkM-

This is the simplest way to understand Litecoin isn't a good investment. Bitcoin has hit a new ATH, while this altcoin is still around 100$, which represents 3x less its own ATH from 2021 (346$, accordingly to Google chart). There was a time Litecoin was considered the silver of crypto market. If Bitcoin was the most trusted cryptocurrency, Litecoin was the second. This is a good example for investors in order to understand how risky and unstable altcoins are on long term.

Bitcoin is the only one able to maintain its rulership along the cycles of crypto market. To trust anything else is just too risky and doesn't worth at all in my opinion. Only exception is Ethereum, but in every cases I wouldn't trust it like I trust Bitcoin.

Theoretically smart contract support is supposed to help a blockchain not have to "act to improve" by providing a programmability layer anyone wanting to add newflangled extra features can use to implement them.

If smart contracts actually lead to newfangled features that prove long term seriously actually useful isn't it likely new chains will provide those important / useful features as native functions thus eliminating the need for everyone to have to deploy "smart contracts" on top of it in order to get those functionalities?

If programmability is so important maybe something like "the internet computer" might make more sense if it ever really gets done what it aims at, since then one will presumably be able to just go ahead and compile any existing software of any kind to run on blockchains in a secure manner, not have to re-write everything from scratch to shoehorn it into running on blockchain?

For example look at tokenising assets as a useful thing; pretty much as soon as it was realised tokens are a very useful feature blockchains such as Ripple and Stellar and NXT and gosh knows what else came along where tokens are a basic feature not some kludgy add-on cobbled on by way of smart contracts...

...How many more of the features smart contracts are nowadays used to put together will turn out to be useful enough to just go ahead and build them into the next generation of platforms as basic built in functionality?

There is still though probably something to be said for simple "do one thing well" tools like BiTCoin and LiTeCoin and so on: even with tokenisation one often needs something underlying, something actually valuable, to tokenise, as witness all the tokenisations (wrappings, whatever, in general representations or derivatives) of BiTCoin on various "smarter" platforms...

Aren't we supposed to have atomic swaps between any and all arbitrary chains by now? Whatever happened to that bright idea?

-MarkM-

He is saying that BTC is less risky which means that he also have some doubts in LTC. Our safety should matter over anything, so it would be better if he will proceed on his plans of converting it to BTC. Your second definition of Litecoin is also applicable with BTC. In fact, BTC is more decentralized than any other cryptos out there. Litecoin doesn't have a smart contract capability but I heard before that BTC is slowly having it.

Some altcoins are still specialized on it though. We can do a lot of things in a smart contract, making them to have a better potential than the main coins but it will still depend on their devs though, as some aren't still acting to improve their coin.

The @OP is enquiring about Litrcoin, which is an altcoin but your reply makes me laugh 🤣😂. I don't understand your fascination about Ethereum, which has the highest transaction fee and is known for network congestion. You should have heard about layer 2, layer 3 and in the future of layer 4. This show how this blockchain has been fucked up.

I don't think the Litecoin network has been that fucked up like Ethereum. It is still the safest and fastest network with less fee for transaction. I still will never recommend anyone using this altcoin for long term as it is not that focused or the team behind it have tried to improve it.

It is important to understand that Litecoin is no longer a coin of interest seeing the price pump in q time when the market has been pumping altcoins.

For long-term investment, we need to know a few things about the altcoin that we are going to invest in. I do not recommend that you invest large amounts in altcoins other than ETH. Overall, altcoins also have a high risk if you invest in the long term, the only safe place to invest is Bitcoin and ETH or any altcoin that has been purchased is sure that you can continue with big profits. The important thing is to follow the movement regarding the altcoin.

Heh. I don't like LiTeCoin either, but technically it is still implemented as a "reserve asset" in the Galactic Milieu even though in practice I do not actually have any of them thus there are no HZLTC tokens issued on HORIZON (since my policy is to only tokenise half of what I actually have of a coin and half of none is none) thus none of the treasury-based assets actually include any LiTeCoin in their treasuries.

LiTeCoin is not itself a treasury-based asset, but it is for whatever reason that escapes my recollection nonetheless one of the not-treasury-based assets (BTC, NMC and LTC) that are listed in the Latest Rates include-file and that if any of the treasury-based assets chose to they could put into their treasuries and have it count for purposes of their treasury-based valuation.

Arguably I should just go ahead and stop mentioning it in the Latest Rates include-file but who knows, maybe someday it will gain enough popularity that its presence there will again be more useful than simply as an aid for people shopping around among the things listed picking which they would like to use as a guide toward calculating what the figures listed for everything else in the file actually amount to in terms of something with which they are familiar.

For the Milieu the mere existence of FreiXLite possibly even partially explains why players haven't bothered to bail LiTeCoin into the tokenisation platforms the Milieu uses since via FreiXLite they can instead use any LiTeCoins they do have to build buy sides denominated in LiTeCoin for any assets sufficiently interesting as to have succeeded in attracting the interest of the managers of FreiXLite, which is the same management I believe as that of FreiExchange thus should be able to be expected hopeful to show the same long term loyalty to ancient classic coins as FreiExchange itself has shown over lo these many years now.

Lack of action on such exchanges possibly largely reflects the failure of the users of the listed ancient classic coins to give those exchanges the same kind of loyal support those exchanges have given to them.


-MarkM-

EDIT: Maybe LiTeCoin as only the third scrypt coin created might actually sort of count itself as an ancient classic coin, that might be sufficient excuse for continuing to list it...

Such exchanges are always terrible, they have low volume and a big spread.
Looking at FreiXLite its total daily volume right now is about 2.4 LTC (that's like 200 bucks) and that is only from 3 out of 55 markets, majority of their markets are dead.
Even their top market EXOR is a dead market! Yesterday there were only 5 orders executed (all buys) and there is a 20% difference between bids and asks.

It is a good representative of uselessness of LTC...

As a believer of it and having that lot, it's a good idea to just hold it until the time comes that the peak is met for this bull run. Investing into other assets could be a good idea but OP might just be too diversified already by doing that. I'm a believer of a slow movement and yet effective way of growing the portfolio that I have so, he might just want to wait until this bull run ends and save it first through USDT or any stable coin and buyback whenever he can. This is a good strategy as well and he can do it with Bitcoin to if he wishes to but your idea is also a good one if he's used to moving funds from here and there, from this project to another one but the risk is there for all of these strategies that we've said.

That idea that it will go to $1000 and then more the way Bitcoin did right? Well, I'm not a financial advisor to tell you that but as a Bitcoin fork coin, they used to be the next thing after Bitcoin. Coins like Bitcoin cash, Bitcoin good and Bitcoin SV all were very demure coins back then but now, people don't put much money on them again, didn't you see ETF of Solana was approved before Litecoin, that's because demand in solana is more than that of Litecoin.

If you are holding Litecoin with other coins, I will say that the amount is reasonable, continue to stack more of it together with other coins. If you are holding only the coin, there is nothing bad in it but for safety of investment and risk, try and diversify your investment portfolio so you don't regret if it doesn't pump later, Litecoin is one of under performing coins if you check their all time high.

If you already have 18 LTC, you can hold them and can gain good returns by the end of the bull season. Also it depends at which price you bought and if you are in profit or loss at this moment ?

I would recommend selling half of those coins and investing in latest Blue chips and hot narrative products like AI or Real World Assets (RWA) coins.  Litecoin is an old coin but it doesn't move as the new good projects. I think if anyone want to do fresh investments, go for other better projects.

I would say they are getting a good return, the only downside is that it is not something sexy, it is not cool, and that is causing it to be not growing like others. Everyone is looking for the next big thing, and LTC had it is time so that is why people are not looking into this like it's a possibility, we need to realize this isn't going to ned up with a good return.

So what we can see right now is that we are not going to end up with a bigger threat at all, we are seeing something a bit simpler in that sense. All in all, if we can make this work, then we are going to end up with a good profit without a doubt, it should be simple enough to see something changing if we can make it hyped. LTC may have its time, we can see it grow a lot more.

Well I did hodl some LTC but i did trade them along time ago. It was made from a copy of Bitcoin source code so alot of investors did want to invest in it. I do think we thought there would be big gains during a 'bull run'.
But it did never give us alot of profit. It does have faster transactions then Bitcoin. So if you want to send crypto it is a coin to hodl. But for a investment I choose to invest in Eth or another one.

You are right mate, being in the crypto community for at least 4 years now, I do understand that if their is demand, the price of a crypto asset will likely experience a huge price pump and also if their is a development update from the project, the price will likely go up but LTC price seem not to even experience the influence of the bull Run of Bitcoin and just like the other user said that price of LTC seem to move when BTC transaction fee is high and therefore people will start using LTC which can cause price to go up.