Why I love LTC... Love The Coin

[StewartJ]

I like DGC, Anon, Philosopher Stones, 42, and MSC as decent 2nd tier Alt Coins.

But still my super-fave Alt Coin: LTC, the anointed 2nd Crypto Currency after Bitcoin.

The very many positives that LTC has going into 2014...
- Should go into new exchanges (Gox, BtcChina, Coinbase) which will mean higher trading volumes
(Charles Lee, LTC Developer, works for Coinbase and his brother owns BTC China)
- Technically superior than Bitcoin with faster confirmations, security features,
- 4 times more accessible quantity than Bitcoin
- Profitable mining for LTC now, as btc mining rigs convert over to Litecoin mining
- Low price $25/ltc relative to $800+/btc makes for more affordable per unit investment
- Has doubled in value repeatedly in 1 1/2 years, should continue with doubling
- LTC is still relatively unknown, as it becomes more popular on BTC's coat sleeve, should only increase in value

Anyone who thinks that LTC is over priced at $25, will miss the boat when it hits 3 digit figures
this year.  I have been there with LTC since its inception when it first traded for less than $0.009 on BTC-e
and Vircurex. I think that $100 LTC in 2014 is extremely possible, and that is my conservative estimate.

Keys to investing in LTC:
- start small,and continue building your LTC nest egg incrementally,
- buy when its low, buy when its high, but whatever you do, buy when you can spare the cash
- use cost-averaging to figure out your total LTC investment versus profit
- do not daytrade your LTC; you could lose it all! Or if you must, daytrade only 5%-10% LTC total
- hold your LTC through all of 2014 and until January of 2015... only then consider cashing out your holdings

You will of course remember this post when you have made your LTC fortune. Accordingly you will send me a
courtesy donation of LTC or BTC for my very sage and extremely profitable words of wisdom:

LTC: LNw7FzPUHrVbAJzMu5Fp5xyZZ74YqAQR9P
BTC: 1FwAPMwu36uXSh6UpwnaRcdZb1BSU3wEBM

Remember to Love The Coin,
Peace Out
Stew

[jakedeez]

I 100% agree with you on this, and have all my personal crypto in LTC not BTC.. (well I think I have 3.5 btc, but I have 1k LTC.  I also have three LTC rigs...

However, it should be noted, while I agree completely with everything you are saying, there is a further logical step.  The fact is, LTC's network is better the BTCs - however all of them pale compared to the ripple protocol.  Ripple has it's problems for sure, and Ripples them selves are not worth much of anything and may never be... but the ripple network IS the real game here.   BTC and LTC have trading value because people buy and sell them... the real economic powerhouse is the transaction network and ledger... the fact of the matter is, ripple is an evolutionary step beyond any other crypto who's network can only be used for a specific coin or currency.

Ripple is essentially a currency agnostic block chain.  

I don't know about the fact that ripples are destroyed in the transaction process... I'm not sure how to think about the terminal issue that arises from that, but, to me, for sure - they have the vastly superior transaction network.


EDIT:  I agree that LTC is a better investment the BTC, especially priced in BTC - I don't personally believe in your trading philosophies... but that is just because I am a bit of a gun slinger.

[HashHound]

I 100% agree with you on this, and have all my personal crypto in LTC not BTC.. (well I think I have 3.5 btc, but I have 1k LTC.  I also have three LTC rigs...

However, it should be noted, while I agree completely with everything you are saying, there is a further logical step.  The fact is, LTC's network is better the BTCs - however all of them pale compared to the ripple protocol.  Ripple has it's problems for sure, and Ripples them selves are not worth much of anything and may never be... but the ripple network IS the real game here.   BTC and LTC have trading value because people buy and sell them... the real economic powerhouse is the transaction network and ledger... the fact of the matter is, ripple is an evolutionary step beyond any other crypto who's network can only be used for a specific coin or currency.

Ripple is essentially a currency agnostic block chain.  

I don't know about the fact that ripples are destroyed in the transaction process... I'm not sure how to think about the terminal issue that arises from that, but, to me, for sure - they have the vastly superior transaction network.


EDIT:  I agree that LTC is a better investment the BTC, especially priced in BTC - I don't personally believe in your trading philosophies... but that is just because I am a bit of a gun slinger.

I also love LTC, but get that ripple shit out of here.

PoW > PoS

[StewartJ]

I 100% agree with you on this, and have all my personal crypto in LTC not BTC.. (well I think I have 3.5 btc, but I have 1k LTC.  I also have three LTC rigs...

However, it should be noted, while I agree completely with everything you are saying, there is a further logical step.  The fact is, LTC's network is better the BTCs - however all of them pale compared to the ripple protocol.  Ripple has it's problems for sure, and Ripples them selves are not worth much of anything and may never be... but the ripple network IS the real game here.   BTC and LTC have trading value because people buy and sell them... the real economic powerhouse is the transaction network and ledger... the fact of the matter is, ripple is an evolutionary step beyond any other crypto who's network can only be used for a specific coin or currency.

Ripple is essentially a currency agnostic block chain. 

I don't know about the fact that ripples are destroyed in the transaction process... I'm not sure how to think about the terminal issue that arises from that, but, to me, for sure - they have the vastly superior transaction network.

Ripple is interesting for sure. Investing in 100K XRP when it was worth less than a penny would of been a good low risk, high reward investment.
Already tripled in its investment from $0.008 in October to $0.025 already. Great potential as a scrypt IOU, needs to buuild up and refine the trusted gateways. Not sure if most folks consider Ripple yet as a store of value like BTC or LTC, nor is it traded on exchanges per say except BTCStamp... but potential could be there to gain more in value. The 90+ Centralized Billion pre-mine certainly is an issue in the current trading value.

[jakedeez]

I also love LTC, but get that ripple shit out of here.

PoW > PoS

I totally agree in terms of the crypto aspect and the PoW - the thing is, ripple has massive lead in being currency agnostic.  What I really mean is, if a bank were to try to buy out a network - ripple would be the one they took on.  Proof of work is really relevant while we are still mining for new blocks.  And I understand it will still be relevant to earn transaction fees once the final coin block is mined... but, that being said, as a transfer network, not a currency, I still think ripple is leaps and bounds ahead.

Ripple is interesting for sure. Investing in 100K XRP when it was worth less than a penny would of been a good low risk, high reward investment.
Already tripled in its investment from $0.008 in October to $0.025 already. Great potential as a scrypt IOU, needs to buuild up and refine the trusted gateways. Not sure if most folks consider Ripple yet as a store of value like BTC or LTC, nor is it traded on exchanges per say except BTCStamp... but potential could be there to gain more in value. The 90+ Centralized Billion pre-mine certainly is an issue in the current trading value.

Okay - see, this is not exactly what I am talking about.  I don't think "Ripples" or the currency are worth much or interesting... I am talking about the transaction network part of it.

[Mr. Net]

That what you just said, fits not only to LTC but also perfectly fits to Netcoin!

[cozk]

That what you just said, fits not only to LTC but also perfectly fits to Netcoin!

No... just no.

[StewartJ]

EDIT:  I agree that LTC is a better investment the BTC, especially priced in BTC - I don't personally believe in your trading philosophies... but that is just because I am a bit of a gun slinger.

I have seen the experienced day traders work their LTC magic on BTC-e, and I say more power to you all.

But the poor newbies who lose their shirts daytrading LTC they quickly lose interest and miss the real investment opportunity, and
that's a shame.

For the novice, that's why I recommend investing in LTC if your serious, but only use play money for day trading.

[Amph]

funny thing is, that ltc isn't profitable(compared to the other scam coin) to mine even if his value double or triples

[StewartJ]

I also love LTC, but get that ripple shit out of here.

PoW > PoS

I totally agree in terms of the crypto aspect and the PoW - the thing is, ripple has massive lead in being currency agnostic.  What I really mean is, if a bank were to try to buy out a network - ripple would be the one they took on.  Proof of work is really relevant while we are still mining for new blocks.  And I understand it will still be relevant to earn transaction fees once the final coin block is mined... but, that being said, as a transfer network, not a currency, I still think ripple is leaps and bounds ahead.

Ripple is interesting for sure. Investing in 100K XRP when it was worth less than a penny would of been a good low risk, high reward investment.
Already tripled in its investment from $0.008 in October to $0.025 already. Great potential as a scrypt IOU, needs to buuild up and refine the trusted gateways. Not sure if most folks consider Ripple yet as a store of value like BTC or LTC, nor is it traded on exchanges per say except BTCStamp... but potential could be there to gain more in value. The 90+ Centralized Billion pre-mine certainly is an issue in the current trading value.

Okay - see, this is not exactly what I am talking about.  I don't think "Ripples" or the currency are worth much or interesting... I am talking about the transaction network part of it.

I have played with XRP on the transaction network with peercover, snapswap, and other gateways... it has not matured yet. I have yet
to figure out how to convert XRP into cash in an easy, affordable and reliable with any of the trusted gateways. Until Ripple does get its act together, might as well use BTC as your main trading currency and do your instant cashing out with Coinbase.

I am investing in XRP as a commodity for now, like BTC and LTC.  I think it could bring huge payoff, because the players beyond
XRP are big venture capital folks, including Google. They have a lot to gain when XRP climbs in value with the billions in premine.

[jakedeez]

I have played with XRP on the transaction network with peercover, snapswap, and other gateways... it has not matured yet. I have yet
to figure out how to convert XRP into cash in an easy, affordable and reliable with any of the trusted gateways. Until Ripple does get its act together, might as well use BTC as your main trading currency and do your instant cashing out with Coinbase.

I am investing in XRP as a commodity for now, like BTC and LTC.  I think it could bring huge payoff, because the players beyond
XRP are big venture capital folks, including Google. They have a lot to gain when XRP climbs in value with the billions in premine.

I'm actually talking more about the fact that you can send USD, EUR, BTC, LTC, NMC, COYE, DOGE, or whatever else across the ripple network.  Again, I don't really have an opinion on XRP as an investment.  I don't think XRP has any real value, except to facilitate transactions.   The processing network however is amazing, imo.

[StewartJ]

funny thing is, that ltc isn't profitable(compared to the other scam coin) to mine even if his value double or triples

Not sure about that, I think that mining hardware technology is changing to adapt to LTC.

[StewartJ]

I have played with XRP on the transaction network with peercover, snapswap, and other gateways... it has not matured yet. I have yet
to figure out how to convert XRP into cash in an easy, affordable and reliable with any of the trusted gateways. Until Ripple does get its act together, might as well use BTC as your main trading currency and do your instant cashing out with Coinbase.

I am investing in XRP as a commodity for now, like BTC and LTC.  I think it could bring huge payoff, because the players beyond
XRP are big venture capital folks, including Google. They have a lot to gain when XRP climbs in value with the billions in premine.

I'm actually talking more about the fact that you can send USD, EUR, BTC, LTC, NMC, COYE, DOGE, or whatever else across the ripple network.  Again, I don't really have an opinion on XRP as an investment.  I don't think XRP has any real value, except to facilitate transactions.   The processing network however is amazing, imo.

Ripple is still a very complex, high priced way to convert currencies until it becomes more established, when the trusted gateways have more volume and are reliable.

For now, I like using BTC as the main trading currency between exchanges, which you can convert instantly to cash via Coinbase.