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Author Topic: is litecoin as an investment done?  (Read 238 times)
StarLawl
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January 24, 2018, 10:42:15 PM
 #21

My first purchase was Litecoin - at that tiny ATH in early December.
As an investment I feel that for the time being, due to the usability of Ethereum and Bitcoin getting an upgrade, Litecoin will not give as big a return as Ethereum or maybe NEO. I currently use Litecoin for purchase on Coinbase due to it being faster and cheaper to transfer than BTC. But when BTC gets additional faster features, I will rather use that since that or Ethereum is used as training pairs in the exchanges I use.

Personally I would not invest due to the negative sentiment in the general crypto environment. Everyone knows how important sentiment is.

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coinlawyer
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January 24, 2018, 10:42:55 PM
 #22

Sure for 99 percent that the litecoin will cost even more as much as $ 300 as it's a really improved version of the bitcoin.
Well, it is better than bitcoin, but there are coins with technologies far more superior and yet they don't have a chance of succeeding, as there are too many of them already. What is really making ltc special is probably the fact that the coin is old and people got used to seeing it around and trusting it. The creator of the coin is not a bad leader as well and that provides another reason to believe in the coin. And I do agree it will rise again. The current price is still good to buy, it is about 80% down its max already.
Quite agree with this statement. Just if You buy now it would be only 20-30% of its max price and if You compare with BTC it is 55% of its max. price. So I believe it has more potential to growth than BTC in the middle terms.

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poGium
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January 24, 2018, 10:44:14 PM
Last edit: January 25, 2018, 09:34:20 AM by poGium
 #23

Investment: a thing that is worth buying because it may be profitable or useful in the future. So yes, LTC is an investment.

Yes litecoin was an investment when it's value was under $50 but now I don't think litecoin can make a better investment



Why do you think that? There is no reason that litecoin will not rise above $300 again. I think litecoin establishes exactly how bitcoin has become established. When bitcoin was at $100, only very few believed that it will continue to rise. As long as there is a community that keeps the coin alive, a lot is possible! Litecoin has dropped massively over the past few weeks, but that's about as good as any good coins. I think it was just the correction that litecoin has sunk and I think he will rise again massively in the next few weeks / months.
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January 25, 2018, 03:07:52 PM
 #24

Litecoin is starting to get negative press - so much so that the press is writing about it:

https://cryptovest.com/news/litecoin-getting-hate-5-biggest-criticisms-against-ltc/

Quote
Litecoin Getting Hate: 5 Biggest Criticisms Against LTC

Litecoin has had a quite good public image in 2017, adding to the phenomenal rise from around $4 to a peak of $370. However, as the digital asset came into the spotlight, and the Litecoin Foundation tentatively started to promote Litecoin more, criticisms appeared. Popularity came with closer scrutiny, and a previously drama-free coin acquired its own negative points.

1. Litecoin was artificially inflated

2. Litecoin is not actually used that much

3. The Lightning Network is still missing

4. Charlie Lee has abandoned the project

5. Litecoin is boring, but not boring enough

 
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