Why Is Litecoin an Attractive Investment Asset? - page 2.

StanleyBoyle

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Quote from: hugeblack on July 25, 2021, 03:37:48 AM

Before investing in any currency, ask yourself what are the things that this currency can offer? Whether it was the global economy or a reason for trading volumes.When you search for reasons to use Litecoin, you will find the speed and cheapness of transfers, which is something available in many currencies. Even bitcoin transfer rates are very low and confirmations are fast.

Litecoin trading volumes are normal and there is no news that can help increase the price. Therefore, if the price of Litecoin rises, it will be due to the movement of the entire market, and it will not only be for Litecoin.

Many people's news comes from news or gossip, why not your own objective judgment? I am surprised that many people invest in digital currencies, whether it is Bitcoin or Litecoin, that they care about price, not value. When you put price first, then this coin is a commodity. I prefer value because Coin is a product, these are two different concepts. I wonder if my statement is clear?

Kena Banned

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For the reason you mention i dont think its will attract investor on it. Most of the LTC investor invest it bcs believe LTC as a big cap coin and will just follow BTC rise next run.
The usecase u mention above its not a unique thing and also done by another alt like EOS, TRX, XLM, and many more.

slaman29

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lots of things for what? There will be no safe investment in the crypto. Even when you have been buying bitcoin at peak price and you can still having more than 40% loss on it. The fact that if you wanna get safe investment and just keep your money into the stable coin and then staking it.
There are lot of good coins already replaced this litecoin as an old coin with outdated technology, no usability and it's only pegged with bitcoin popularity.

Staking stablecoins is a really bad idea. First of all, you've to trust that the stablecoin will always be around, that its centralized owners won't screw you over, and that they'll always be exchangeable for your fiat. Currently, most of us in the world only can use USDT, the other big ones we can't access or can't be exchanged.

Secondly, staking it now requires you either to trust yet another centralized platform (let's say an exchange) or another centralized protocol (let's say defi platforms).

Xinarae*

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Litecoin is an attractive investment asset because the future of this currency like Bitcoin is much better and as the price of bitcoin increases the value of these currencies continues to rise this is why traders hold litecoin with bitcoin for long term investments litecoin is one of the top currencies in the crypto market the risk for investing here is low. It is easier to make a profit if the price increases if you hold on to the long term investment.

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Quote from: FairUser on July 25, 2021, 04:50:52 AM

The Litecoin community is very active with all the developments coming up. Of course, they will keep everyone interested. It is clear that the Litecoin price has the potential to rise further and is certainly a tough competitor to other cryptos.

No, the development was getting stuck and this is the fact. The team didn't have money to create more and more development. Creator of litecoin was also saying it in the past. I think that you are getting wrong information about that. Litecoin did some collaborations in the past but it looks like this getting failed as there's no news anymore about that dude.
Litecoin still be stuck forever.

I don't see that, maybe you're considering it's stuck. Just like, we are being tested with this coin in terms of patients with it. I see from the beginning of the season they tried to change a lot of things although what it shows is not worth mentioning, but I think with Litecoin we have more of a safe investment choice for the long term.

robattfield

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We all understand what it is and its importance and what it has contributed to the cryptocurrency market. To me, Litecoin is really like BTC for investment, so there is no need to research too much about it. It's good to hold for long time like bitcoin.

pealr12

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I think @op has a special likeness to ltc, I agree that compare to btc, ltc has cheap transaction fee but aside that what other special qualities ltc has aside from being cheap that will attract investors, there are other project with similar or better qualities that are cheap in price as well with fast transaction, although the price of ltc grow so much this recently ended bull which was very impressive, right now ltc price is $125 which still a high price to many low income investors.

Cute Doggo

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Litecoin is often considered as digital silver because it's also a limited coin like Bitcoin.
A good feature of Litecoin are also fast transactions and low costs.

But a big issue for Litecoin is: it has no DeFi!

Some reasons migh exist to buy Litecoins but personally, it's not my favorite choice because we can also use BTC and ETH.

Brus123

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Quote from: tamim60 on July 24, 2021, 10:08:40 PM

Litecoin is especially faster at handling payments than Bitcoin and is an excellent, proven complementary alternative. It's a very cheap, super-safe highway for making payments - especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee. In addition, the Litecoin community is working on the implementation of all kinds of new fintech gadgets that are actually intended for Bitcoin. Litecoin is now working on the implementation of the lightning network protocol and applications for smart contracts and privacy (including confidential transactions & MimbleWimble). Litecoin is certainly light and cheap, but above all in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin.

Litecoin is a fork of Bitcoin that stands out by its speed and cheapness. I also like all the new features and functions that Devs add to it. Moreover, Litecoin is on the 13th place on coinmarketcap table, so I will definitely hold it for long. In terms of its decreasing I just think that all tokens are under a cloud now, because it a hype in other spheres, for example, in NFT, so we just should wait.

bitkanu

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Are you a litecoin holder? when you are talking about the payment system and there are bunch of asset that can perform better than litecoin. Even stable coin asset that built in the scalable platform will able to did a better result in the transaction confirmation and the fees. I think that you must see the reality if litecoin was an outdated coin.
What you are saying is not matching with the reality this time.

mindrust

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Quote from: tamim60 on July 24, 2021, 10:08:40 PM

Litecoin is especially faster at handling payments than Bitcoin and is an excellent, proven complementary alternative. It's a very cheap, super-safe highway for making payments - especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee. In addition, the Litecoin community is working on the implementation of all kinds of new fintech gadgets that are actually intended for Bitcoin. Litecoin is now working on the implementation of the lightning network protocol and applications for smart contracts and privacy (including confidential transactions & MimbleWimble). Litecoin is certainly light and cheap, but above all in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin.

Addition to what you said, litecoin has good adoption unlike the other alts. Some alts might perform better than ltc price-wise but you'll realize that most businesses/casinos accept ltc but not those coins. In the end you may make more profits from the other alts but when comes to real world usage, ltc is one the good ones.

Iceblast

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Quote from: freedomgo on July 25, 2021, 04:40:16 AM

Honestly, based on my personal review, Litecoin is not attractive anymore, with the number of new coins that are successful, the old ones will be forgotten although they will still remain in circulation. Litecoin priced at 126 USD, (https://coinmarketcap.com/currencies/litecoin/), in the past, it's even higher than ETH, so it tells us that it's not growing while ETH is growing.

don't hesitate friends, litecoin is just too late to be able to catch coins that have faster potential, actually litecoin can also explode, it's just that the movement of litecoin doesn't seem to be able to maximize and currently litecoin doesn't have a strong incentive to do it like it used to Let's just wait for the Litecoin explosion

ven7net

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Quote from: tamim60 on July 24, 2021, 10:08:40 PM

Litecoin is especially faster at handling payments than Bitcoin and is an excellent, proven complementary alternative. It's a very cheap, super-safe highway for making payments - especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee. In addition, the Litecoin community is working on the implementation of all kinds of new fintech gadgets that are actually intended for Bitcoin. Litecoin is now working on the implementation of the lightning network protocol and applications for smart contracts and privacy (including confidential transactions & MimbleWimble). Litecoin is certainly light and cheap, but above all in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin.

Indeed, Litecoin has the potential to grow and may well be one of the best assets to invest in. As we can see, 2021 gave the crypto promise a great surprise by sending the prices of many cryptocurrencies to the moon. However, Litecoin was never able to do this, the only thing, it just showed a rise to the previous ATH. This was strange for me, since I thought that the Litecoin price would reach at least $ 1000 for 1 LTC, but everything did not go as I thought. Now, in anticipation of another growth slated for the end of 2021, there is another hope that Litecoin will still be able to overcome its previous ATH and the price will rush to the moon.

FairUser

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The Litecoin community is very active with all the developments coming up. Of course, they will keep everyone interested. It is clear that the Litecoin price has the potential to rise further and is certainly a tough competitor to other cryptos.

blockman

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Litecoin is considered as one of the OG cryptos that we've got. The updates that it has made didn't matter with its price as our basis with a coin that has made a good update, the price will reflect from those upgrades. The halving didn't matter on it and if it's going to implement Mimblewimble that's good for its use case but for the pricing, we cannot say if it will have that quick impact on it. Nevertheless, I still think that Litecoin is a good to invest with as it's already established and there's a lot of support and it has a big established community.

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Honestly, based on my personal review, Litecoin is not attractive anymore, with the number of new coins that are successful, the old ones will be forgotten although they will still remain in circulation. Litecoin priced at 126 USD, (https://coinmarketcap.com/currencies/litecoin/), in the past, it's even higher than ETH, so it tells us that it's not growing while ETH is growing.

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Quote from: tamim60 on July 24, 2021, 10:08:40 PM

Litecoin is especially faster at handling payments than Bitcoin and is an excellent, proven complementary alternative. It's a very cheap, super-safe highway for making payments - especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee. In addition, the Litecoin community is working on the implementation of all kinds of new fintech gadgets that are actually intended for Bitcoin. Litecoin is now working on the implementation of the lightning network protocol and applications for smart contracts and privacy (including confidential transactions & MimbleWimble). Litecoin is certainly light and cheap, but above all in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin.

If Litecoin really a good investment and projects , Then this should be sold by the owner back in 2017? i don't know how good it is but havng those issue in the past seems not that good for me.
though i also buy and sell Litecoin last year but stopped because of the posibilities of losing.

hugeblack

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Before investing in any currency, ask yourself what are the things that this currency can offer? Whether it was the global economy or a reason for trading volumes.When you search for reasons to use Litecoin, you will find the speed and cheapness of transfers, which is something available in many currencies. Even bitcoin transfer rates are very low and confirmations are fast.

Litecoin trading volumes are normal and there is no news that can help increase the price. Therefore, if the price of Litecoin rises, it will be due to the movement of the entire market, and it will not only be for Litecoin.

FinneysTrueVision

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Lightning Network is working fine on Bitcoin, nobody is using the Litecoin version. All the Lightning developments are happening on BTC and they are just copying. As for confidential transactions and mimblewimble, they've been talking about it for ages it seems like and I don't know how much progress has actually been made.

Tytanowy Janusz

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"Litecoin founder Charlie Lee has sold all of his LTC"

I can't find article but 2-3 years ago I was reading interview with litecoin CEO who was saying that litecoin is in stagnation and there is noting more that can be done.

Quote from: tamim60 on July 24, 2021, 10:08:40 PM

especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee.

My post about BCH but it is correct for LTC too. Just replace BCH with LTC or any other "a little faster BTC"

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Who needs "a little faster BTC" if we have instant TRON, BSC, NANO and thousands of others? Who the hell ... ever ... used BCH for day-to-day payments? No one accepts it. I pay in crypto almost every day. For day to day payments we use stable coins (to avoid calculating back and forward how much is xx$) together with fast chains (so BEP20 BUSD or TRC-20 USDT). I have never received a proposition for BCH payment. So BCH is useless as store of value AKA digital gold (to compete with BTC) - is not as secured - has 50 times lower hashrate and is too slow, volatile and illiquid to compete with others for day-to-day payments.

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Once again:
BCH is worse than BTC as store of value and worse than other alts as day to day payment method. It makes it perfect solution for both? No it makes it useless solution.

1- You store your wealth in most secured, deflationary asset. Safe place. You can't say that about BCH. 2% on BTC hasrate can jump on BCH chain just for a moment to do 51% attack and go back to mine BTC. They both use same hardware.
2- you use cheap and fast chains for day to day payments. You use non volatile tokens for ease of use. You dont want to pay 2$ fee to buy 1$ worth cola. You dont want to open calculator each time you want to buy something. Its better to swap 1000$ once a month from BTC to TRC-20 USDT and use USDT all month without fees. And I'm saing that from my own experience. No one ever asked me to get his payment in BCH because its perfect solution for both store of value and day to day payment.

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