Archive for the ‘Litecoin’ Category.

In case you Invest in Litecoin?

In the event you invest in Litecoin?

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Disclaimer: I am not a trader.Only A blockchain evangelist that focus on the technology.

What is it?

Clone of Bitcoin, that’s been available for more than five years. Its consider the Silver of crypto as Gold is Bitcoin as well as its founder is Charlie Lee.

It really is allowed to be quicker and less expensive than bitcoin and focused more on smaller deals.

Total coins will likely to be 84 million so when of today is really worth: 29 USD

In 2013, bitcoin gained +11,000percent and litecoin attained +500percent within the cost of bitcoin during its peak. The price tag on LTC hit an all time most of around on some exchanges.

The past major litecoin rally ended up being throughout the summer time of 2015, when a Chinese LTC Ponzi scheme were able to accumulate at the very least 20percent associated with the entire supply. Nearly all of who supply ended up being immediately dumped therefore the LTC/BTC markets being on a lengthy bear trend since.

So Should you spend?

Two things to fairly share:

Have you been an extended term trader, trader, or threat taker?

Let us evaluate some benefits and drawbacks

Pro’s:

SEGWIT AND LIGHTNING NETWORK INTEGRATION
Litecoin is currently undergoing attempting to assist bitcoin’s scaling debate by moving to the activation of Segregated Witness and Lightning systems. Litecoin creator Charlie Lee claimed in a recent post:

Been with us because the start
Strong neighborhood
Coinbase just included Litcoin: Increase acquisition
Litecoin has a fraction of the deal fees of bitcoin,

Cons:

If Bitcoin goes Segwit, Bitcoin will nearly deliver exact same features as litecoin. Plenty will hedge towards bitcoin.
Perhaps not brand-new. Not necessarily resolving any brand-new problem.

Conclusion:

The possibilities of Litecoin going up is good. But like something never ever spend what you cannot lose.

My name is Ameer Rosic, and I also’m a serial business owner, trader, promoting Strategist and Blockchain Evangelist

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REALIST NEWS – Update on Litecoin (LTC) Expected Triple Digits Move

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Bitcoin Saves Wealth but Litecoin can Save Humanity! (Bix Weir)

Bix Weir breaks down the valuation of Bitcoin vs Litecoin and the different “use cases” of each…Got Litecoin?!
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