Topic: Opinion on LTC as an investment? - page 3. (Read 467 times)

Have a look here:


https://cryptoverze.com/litecoin-whitepaper/

As Bitcoin its a P2P Network and not used for trading.

get payed with LTC. If the price is $100 und you get 3 Coins, you can wait and sell the coin at $110.


The video:

https://www.youtube.com/watch?v=Le5ByHtssnc&t=64s

Most people using as a crypto payment mediator because of low fees and fast transaction. I think it will give good returns in long term don't expect aggressive returns from it.

LTC was my most cherished crypto asset because my broker allowed it then when crypto wasn't as popular as this and it helped me save money so much. But today, it's not so relevant and I did not even remember it again until you brought it how. This is as it has disappointed the high hopes of many. For being an imitation of Bitcoin, people thought it would at least do similarly to what Bitcoin does but the reverse is the case. Also, LTC is still very far from its ATH of about $420 from the current price of about $109, which shows that it cannot hit so high this bullish season even as the bearish season is fast approaching. Avoid your investment depreciating again.

On the contrary, investing in LTC will not give a big profit seeing the movement is quite slow especially still far from the previous ATH, but I think Bitcoin is more realistic with big profits.

But I don't know how far LTC will go up during this bullrun, maybe you will have different reasons with me at this time, because I prefer to invest in btc rather than LTC which has no progress, even though I see the monthly chart increasing more than 40% more.

I am not so sure about LTC as a long-term investment, but i am confident that its rise will give you that big of a return when altcoin season happens, although i don't know if this altseason will happen or not, many say that altseason will happen next year. However, you need to realize that it is not good to put a large amount of money in one asset, i suggest setting aside half in Bitcoin, because i think is quite safe even though it still has risks, but if you say for long-term investment, then Bitcoin is the answer and the safest.

I will give you short answers:

Is it a profitable investment? Yes.
Is it the best investment available? No.

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It is true that litecoin is a good currency, but the features it offers are available to many cryptos. comparing to crypto Bitcoin fees are cheap, it does not provide privacy like Monero, this privacy may cause low trading volumes and does not support smart contracts like Ethereum and Solana.

In short, there is a lot of competition, so the price is very cheap, but who knows, it may be a good alternative considering POW coin.
The best advice is to invest in Bitcoin and when you make profits, you can use it to buy ~5% litecoin

It is possible it might work fine for long term "market making" style trading, my "huge columns of buy and sell offers" strategy.

But I have not actually tried that; BTC/XLM is my first venture into using that strategy on a relatively high-volume pair.

I chose BTC/XLM for my first such venture not only because I already hold both as buy-sides for other things but also because I noticed it was a relatively volatile pair that once I have it set up looks like it will seldom or ever have even a day during which it does not vary enough to "take" at least one of my buy or sell offers and actually fairly frequently has not only been taking more than one offer but taking from both my sell column and my buy column.

I never even look how LiTeCoin is doing in BTC/LTC, but if it varies decently (aka is volatile) there is probably no reason it wouldn't work.

But you'd be investing in that trading, not in long term value of litecoin, which as pointed out above is miserable compared to bitcoin.

Pretty much anything is miserable long term vs bitcoin, which is part of why my strategy, applying it to pairs against bitcoin, has historically worked so well for me.

Basically I am not planning on my sell-side coin having better growth of value than bitcoin but, rather, my buy-side column of offers in the pair, at least twice as "dense" as my sell side column of offers (especially toward the bottom) being an accumulator I can "thin out a little" from time to time to cash out some of the bitcoin.

Historically over more than a decade the result has been ongoing income varying from year to year as my coins get more and more lost in the ocean of alternatives all splitting the potential audience/customer-base among them diluting them all, and ever-growing stockpiles (some say "bags") of the sell-side coin, which is good for my Galactic Milieu game since it likes and needs "bags" of stuff to build up its repertoire of assets to play with. By means of its "treasuries" system whereby it can calculate relative values without having to depend upon the massively inefficient spot markets it finds good use for lots of ancient coins, though LiTeCoin like DOGE is one it avoids for philosophical reasons (it uses the two original scrypt coins so never really had much if any use for LiTeCoin even though it does display it for comparison purposes in its Latest Rates include file along with BTC and NMC as example "not treasuries-based" assets).

Basically the strategy can let me earn a bit more than I could just plain holding the bitcoins, and historically has done so well enough that all the many exchanges flying by night and claiming to have been hacked and so on have just been a cost of doing business leaving oodles of profit even after taking their bites out of the profits, earning me income-in-bitcoins while also building up stockpiles of assets for use in the game, so for me it has been a great strategy, very successful over very long term.

Due to the way the sheer volume of trade in many/most of the game assets has been diluted year by year I only last year began trying it on a higher volume aka more popular pair, which isn't actually as fast moving as my now-unpopular ones were way back when there were only 30 to 100 or less crypto assets in existence to choose from thus way way way less dilution.

With my BTC/XLM pair it worked well last year but not fast enough for me to build its buy-side (the bitcoin side) all the way down, so when the price of XLM in BiTCoins tanked it fell off the bottom of my buy side offers column leaving me "out in the cold" until hmm I think about a month or so ago now maybe a tad longer, when price of XLM finally climbed back up to reach the bottom of my sell offers column, which I had not been able to follow price downward with during the tank due to the bottom of my column of buy offers having been eaten up the price continuing lower below where I had buy offers in place from which to continue making new sell offers following the tanking downward.

BTC/LTC might work well enough, I just am not interested in LTC. Not sure what my next spreading out into high volume high volatility pairs will end up being but LTC is just not really of interest to me I'd be looking at other options even if in reality BTC/LTC turns out actually to be a great candidate based on volume and volatility.

This last month or so of my BTC/XLM being back in play has already let me complete my buy side column so next tanking will not leave me out in the cold, and to build the sell column a fair bit higher against the possibility of being left out in the cold in the upwards direction, so I am almost ready to start using the strategy's tendency to build "bags" of the sell side to enable feeding the buy-sides of my assets on the Stellar platform with growing amounts of XLM which will ultimately benefit all the assets the game has on Stellar.


-MarkM-

EDIT: I guess for this strategy the question would be whether LiTeCoin is a coin you have a good use for "bags" of in your overall plans...

Generally speaking altcoins are not suitable as investments, specially for long term since they have no potential for any kind of natural growth due to being useless.

It is very easy to answer this question for old altcoins that have been around for many years, so there is a very long chart you can look at.
Against dollar : https://coinmarketcap.com/currencies/litecoin/
Against bitcoin: https://www.coingecko.com/en/coins/litecoin

I personally like to use 2017 as a point of reference because it was the ATH of everything followed by a bear market followed by the recovery phase followed by bitcoin bull run.

• Bitcoin reached $20k then the bubble popped and price fell down to $3k and then recovered and today it is worth $100k
• Litecoin reached $320 then the bubble popped and price fell down to $20 and then recovered but got dumped again and today it is only worth $110
• Against bitcoin LTC reached 0.02 back in 2017 but it crashed and continue crashing till today that it is worth only 0.001 BTC

From these ups and downs it is very clear that altcoins are NOT long term investments. They are however excellent for short term profit making. For example you could make a huge profit from LTC pump a couple of years ago. But if you became a bag holder of LTC, you would have lost money over time as it continued dumping.

But when it comes to bitcoin, it is a fantastic long term investment since as we can see despite all the ups and downs the final price is ALWAYS higher. The bubble peak back in 2017 was $20k and even if you had bought in the bubble, you still could have made 5x profit!

If that is what you want among all the altcoins, you can go ahead and make LTC your choice, because the price is still very good for investors to invest and hold for short term before releasing them for sale. You have a choice to make on this, I will advice you to make Bitcoin a long term which I know it will going to give you a huge amount of income but it will be difficult for LTC to create such opportunity for you to achieve such huge amount of income in the long term. There is a big risk in anyone you choose to invest your funds, because holding for long term before you can sell your coins is a risk, because you don't know what will happen next in that process of holding the coins.

The price of litecoin in May 2021 was $413. The price of litecoin today as I was about to post this was $111. Litecoin will not likely get to all-time high in this bull run.

Bitcoin price in November 2021 was $69000. Butcoin got to over $104000 recently. Its price is $98000 presently.

What's your opinion on LTC as a long-term investment? I don't have an insane amount of LTC (around 18 ltc) so I thought I should just keep it since putting it into something like BTC wouldn't give me that big of a return, although it would be a bit less risky.