Bitcoin Forum

Alternate cryptocurrencies => Speculation (Altcoins) => Topic started by: tamim60 on July 25, 2021, 03:08:40 AM

Title: Why Is Litecoin an Attractive Investment Asset?
Post by: tamim60 on July 25, 2021, 03:08:40 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Ararbermas on July 25, 2021, 04:47:30 AM

Yes you are correct but people don't see how reliable it is, because there are some crypto currency as well that really gained some attention after the dip and its because of their good technologies and they become very convenient to use than litecoin. especially when it comes making transaction. Indeed the fees of litecoin become very steady even market plunges. But the fact that there's a bunch of most trusted crypto currency in the market and people see that litecoin isn't qualified to use especially on this situation. Probably we can't blame them.

But yes i believe that this litecoin still have a good future wherein maybe it really needs more attention and changes in order to over take those ahead crypto currency in the market.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Tytanowy Janusz on July 25, 2021, 06:14:17 AM

"Litecoin founder Charlie Lee has sold all of his LTC" (https://techcrunch.com/2017/12/20/litecoin-charlie-lee-conflict-of-interest/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABgSUsl5BDv6RyDu6Qn_LXO1_6FhYmtX5QSJ89w_LdXUZMuNPrelhl0ssbnA9UOz3qA0WH9pb581nBRABhr6S7DGRuB3U6Z8-be-L0l22Ybm9p0XDvbZv3mp7fEDWF55-pJ7_B52fSAkHVqXf4pRE_-uqFLXa30rvZQsT991Pi57)

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 25, 2021, 03:08:40 AM

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"

Quote

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.

Quote

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: FinneysTrueVision on July 25, 2021, 06:59:31 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: hugeblack on July 25, 2021, 08:37:48 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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: bitterguy28 on July 25, 2021, 09:29:01 AM

Quote from: tamim60 on July 25, 2021, 03:08:40 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: freedomgo on July 25, 2021, 09:40:16 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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: blockman on July 25, 2021, 09:41:46 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: FairUser on July 25, 2021, 09:50:52 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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: ven7net on July 25, 2021, 12:08:40 PM

Quote from: tamim60 on July 25, 2021, 03:08:40 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Iceblast on July 25, 2021, 02:04:17 PM

Quote from: freedomgo on July 25, 2021, 09:40:16 AM

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

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: mindrust on July 25, 2021, 02:12:32 PM

Quote from: tamim60 on July 25, 2021, 03:08:40 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: bitkanu on July 25, 2021, 02:26:56 PM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Brus123 on July 25, 2021, 02:50:26 PM

Quote from: tamim60 on July 25, 2021, 03:08:40 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Cute Doggo on July 25, 2021, 03:18:58 PM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: pealr12 on July 25, 2021, 08:38:22 PM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: robattfield on July 26, 2021, 01:17:24 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: FairUser on July 26, 2021, 03:28:43 AM

Quote from: lobo13hf on July 25, 2021, 11:40:40 PM

Quote from: FairUser on July 25, 2021, 09:50:52 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Xinarae* on July 26, 2021, 03:48:47 AM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: slaman29 on July 26, 2021, 12:46:13 PM

Quote from: lobo13hf on July 26, 2021, 05:13:01 AM

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).

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Kena Banned on July 26, 2021, 11:15:59 PM

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.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: StanleyBoyle on July 27, 2021, 02:56:26 AM

Quote from: hugeblack on July 25, 2021, 08:37:48 AM

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?

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: GreatArkansas on July 27, 2021, 03:57:24 AM

Quote from: Brus123 on July 25, 2021, 02:50:26 PM

Quote from: tamim60 on July 25, 2021, 03:08:40 AM

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.
(...)

+1. Besides Litecoin is a fork of Bitcoin, and for sure some people are looking also Bitcoin-like cryptocurrency and cheap compare to Bitcoin, since for sure there are some people there who are claiming that they are already late with Bitcoin and they tend to find some Bitcoin-like crypto to invest in, and they will start looking to cheap cryptocurrencies, that's why I can say Litecoin is attractive to retail investors.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: seramania on July 27, 2021, 09:01:54 AM

I see now that Litecoin is like a mystery coin full of questions. Why do I call it that, because Litecoin is a big coin while in Q1 the bull run of Litecoin hasn't shown any significant movement at all even though Litecoin has great potential. This is a big question, is there a strategy from Litecoin to make the Litecoin pump bigger in the future?

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: killerfrost on July 27, 2021, 10:59:42 AM

But it will also still be an investment that feels more secure, maybe from the start of the growth season to now many people have complained and been unhappy with it, but I still find it normal anyway.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: peter0425 on July 27, 2021, 11:36:42 AM

Quote from: tamim60 on July 25, 2021, 03:08:40 AM

Wrong Litecoin had already lose its momentum and respect after the Selling back in 2018 , and until now it is harder for this coin to recover.
if there are some growth happen recently then i believe that those are part of manipulation.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: conected on July 27, 2021, 01:24:30 PM

Quote from: seramania on July 27, 2021, 09:01:54 AM

- If you think about the future advancement of litecoin, you will probably feel relatively disappointed with the answer because their working structure and system diagram are too old and little improvement in many years, although its reliability is still a thing that makes us happy but such attraction is too ordinary and trying to pay attention to it is just like paying attention to bitcoin, their lives are a clear brotherly relationship. Appreciating other assets, litecoin still doesn't have a possible exclusive application

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Silberman on July 27, 2021, 06:41:47 PM

Quote from: Tytanowy Janusz on July 25, 2021, 06:14:17 AM

Quote from: tamim60 on July 25, 2021, 03:08:40 AM

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"

Quote

Agreed, on the surface litecoin does not look to be as bad compared to all the scam coins we have in the market but at the same time it does not do anything better than bitcoin, the slightly faster confirmations that people are talking about are useless as you now need to wait for more blocks for the transaction to become completely irreversible and with the lightning network in bitcoin this makes this even more useless, and when we add that there is nothing in this market that is anywhere near bitcoin when it comes to being a store of value then all the things the OP said actually means nothing.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: irixo10 on July 27, 2021, 07:13:54 PM

In terms of speed and transaction cost, Litecoin is better than Bitcoin so is other coins but that is not enough, because if it is really enough I don't think other coins can beat Litecoin down on coinmarketcap. The fact is, in addition to speed there is need for a platform to offer what is obtainable in the crypto space at a point in time and this is where coins like Binance Coin (BNB) stands out; the team have good sense of engagement thus buying early into any idea or trend happening so as to benefit and keep their users from checking other platforms.
Litecoin is very good, there is no doubt but I feel that team can do better, leverage on the good features they have to expand their operations and developments and watch how new investors will get involved because they have the reputation and trust already.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Tervelatuk on July 27, 2021, 11:15:44 PM

Quote from: seramania on July 27, 2021, 09:01:54 AM

in Q1 not only litecoin that running hard, but most altcoin in this season have their party when euphoria coming to cryptocurrency market. To reach new ATH , litecoin dev team need to do breakthrough to product and utility building , so far if compare to other project litecoin doesn't have ecosystem to support its utility.

Quote from: irixo10 on July 27, 2021, 07:13:54 PM

speed and transaction fee was not enough to compete in market, we see another project have lower fee and even feeless . If we talk about this feature , easily litecoin beaten by other project even it is new project. Just look at FreeTON as an example.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: livingfree on July 27, 2021, 11:25:20 PM

Quote from: irixo10 on July 27, 2021, 07:13:54 PM

I've used Litecoin for several times and it's really cheap and fast in transactions.

There is no debate with that but to see that it's a good investment today, I can say that it is still a good choice but it would be at the least priority when someone wants to include it.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Tigerheart3026 on July 28, 2021, 08:18:24 PM

Quote from: livingfree on July 27, 2021, 11:25:20 PM

Quote from: irixo10 on July 27, 2021, 07:13:54 PM

sure, i think it is one of the most significant advantages to use litecoin. i didn’t invest btw i have used in many times still i have to use at least one time in monthly. it is very fast/speedy transaction. don’t need to wait long time to see confirmation of your withdrawal.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Flowzer on July 28, 2021, 11:14:30 PM

Isnt for payment processor many people prefer using Bitcoin with its Lighting network since its faster and cheaper than using Litecoin?
Also, i dont see Litecoin have a huge community like before.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: v3liana on July 29, 2021, 04:13:55 AM

Litecoin is a popular cryptocurrency which was one of the first altcoins created and We’ve see a pretty nice run up, but have failed to see it rally higher than it did back in the run of 2017. Personally I don't believe in litecoin anymore. On paper it should be good with how quick and cheap it is to make transactions but there isn't that much backing behind it and compared to all of the big coins which is like ETH, BNB and DOT i think LTC is very far behind of these coins.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: WalkerIVIV on July 29, 2021, 08:04:32 AM

Quote from: killerfrost on July 27, 2021, 10:59:42 AM

I can't agree with this. there's no way if altcoin could be a secure investment. Litecoin was dropping a lot from its ATH and i think anyone who have been holding litecoin for the long term was seeing it dude.
Almost all of the altcoins were the same and they are very volatile and that's crypto. There was no secure investment in the crypto.
Litecoin was having a very bad development progress and that makes it even worst.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: livingfree on July 29, 2021, 10:34:47 PM

Quote from: Tigerheart3026 on July 28, 2021, 08:18:24 PM

Quote from: livingfree on July 27, 2021, 11:25:20 PM

Quote from: irixo10 on July 27, 2021, 07:13:54 PM

Yes, that's what's good in Litecoin.

It's a good alternative although there are also other altcoins that are good in speed and confirmation and surely will receive the fund that you're sending.

Being it as an investment, it's one of the top but I don't have it anymore.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Silberman on July 30, 2021, 06:09:27 PM

Quote from: v3liana on July 29, 2021, 04:13:55 AM

The problem for litecoin is that the lightning network implementation on bitcoin made it useless, after all people that supported litecoin said that it was better because you could get faster confirmations so they expected that bitcoin will become like gold and be only used on big transactions and litecoin will become the silver of this market which was the precious metal with the most circulation, but thanks to the lightning network this is not necessary and any need this market had for litecoin disappeared.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: semobo on July 31, 2021, 06:02:19 PM

Litecoin is a good coin but we don't know that how long it is going to last long because more and more altcoins are replacing the place of old altcoins just with their initiative ideas or simply promoting on the social media with popular individuals. So litecoin may survive or not in this race in long term means the decision is on your hand and no one knows what can happen in future.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Slow death on July 31, 2021, 09:01:01 PM

i can't talk about litecoin in terms of long term investment because i don't do that, but i use litecoin to do day trading every day, i also use litecoin to make payments, i like litecoin, after bitcoin the only altcoin i use often and litecoin. however in case anyone thinks about long term investment I think that at most litecoin could still make profit from 4X to 7X if bitcoin price is from $70,000 to $80,000

Quote from: semobo on July 31, 2021, 06:02:19 PM

honestly i still believe that for the next 2 years litecoin will still be in the top 20 of the coinmarketcap

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: semobo on August 01, 2021, 07:36:06 AM

Quote from: Slow death on July 31, 2021, 09:01:01 PM

Quote from: semobo on July 31, 2021, 06:02:19 PM

honestly i still believe that for the next 2 years litecoin will still be in the top 20 of the coinmarketcap

But two years isn't actually a long term investment, it should be atleast 5 years then only we can get enough profits in year averaging. I too agree that litecoin may survive in the top 20 position but with the increase of cryptocurrencies and new projects the market cap value of litecoin is going to be same or lower not so much higher.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Pamadar on August 01, 2021, 12:53:29 PM

Quote from: semobo on August 01, 2021, 07:36:06 AM

Quote from: Slow death on July 31, 2021, 09:01:01 PM

Quote from: semobo on July 31, 2021, 06:02:19 PM

honestly i still believe that for the next 2 years litecoin will still be in the top 20 of the coinmarketcap

With many new alternative coins, positioning of those coins inside top 20 is not stable,

We don't know if how each coins will perform in the next following years to come, I like Litecoin as alternative but investment wise
if aiming for bigger profits, either find of new initial offering or ride with the hypes coming from those assets that performing and
gaining community support.

Title: Re: Why Is Litecoin an Attractive Investment Asset?
Post by: Silberman on August 03, 2021, 05:26:38 PM

Quote from: semobo on July 31, 2021, 06:02:19 PM

This is just another problem for litecoin, at the end of the day litecoin is just another copy of bitcoin regardless of what people say and we know that the coins that have the biggest chance of survival over the long term are the ones that are the most innovative and the ones that departs very clearly from the functions of bitcoin, any coin that is trying to become successful but that it does exactly what bitcoin does is probably not going to survive in this market.