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Author Topic: How many of you believe in Litecoin?  (Read 434 times)
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December 01, 2022, 05:11:27 PM
 #61

I also like litecoin! I think this coin is very much undervalued! But if we take the dynamics of the price, then it is somewhat similar to Bitcoin and Ethereum. I would generally put this coin in third place in the ranking right after Ethereum. But in general, the interesting news is that litecoin is ahead of Solana and Shiba Inu in terms of market capitalization, and this says a lot.









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December 02, 2022, 08:03:32 AM
 #62

I think I know the reason on why you don't mine cryptos like ltc anymore. It's not because you are busy or what but it's because their difficulty now is high. It wasn't the same as before that you can just easily mine them using a standard computer but now you will need an actual miner and we all know how energy consuming they are.

It's simply not worth it to mine top coins anymore but it's wise if we can just buy and hodl them. That should cut all the hassle and we can be more profitable by this once their price pumps in later on. Litecoin has been quiet for a while but this coin is a sleeping giant. Just keep on buying and hodling more ltc guys.

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December 03, 2022, 04:10:52 PM
 #63

Litecoin has always been one of my favourite cryptos. It was the first crypto after Bitcoin, and it was the third crypto I mined first.
 
Nowadays, I do not mine cryptos any more, but I'm still hoarding Litecoin as I believe I will still make 10x or plus more than what I have invested. After Bitcoin, for me, it is the best.
 
So, how many of you still believe in Litecoin and think we will still see it go past the $500 mark again?
I have lost my interest in litecoin years ago , when i first learn and invest in crypto ? it is litecoin that i first bought and hold , i kept the coins for another year but instead of gaining? i lost so much from this so now i take this out for my choices in investing and transfer my faith in other coins.
so it is clear that I am not a believer of this coin anymore .
Well that was a problem when you joined, because if you join at the bad time then it could crash. However, if you joined in 2012-2013 like I did, and bought litecoin and hold it until now, the profit you would make could have been insane. I didn't hold it, I joined in those days, made about 10x back in the day and then sold it, I spent that money already unfortunately.

I have made a good living out of crypto, not rich right now but haven't been into any office for the past 7 years, that should be good enough "profit", and I would say if all of that money was given to be in total, I would have been able to buy a house with it easily (7 years worth of living expenses could equal to a house). So I know what I am talking about.
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December 04, 2022, 02:36:20 AM
 #64


Nowadays, I do not mine cryptos any more, but I'm still hoarding Litecoin as I believe I will still make 10x or plus more than what I have invested. After Bitcoin, for me, it is the best.
 
So, how many of you still believe in Litecoin and think we will still see it go past the $500 mark again?

is mining litecoin something someone can even do these day? probably cost way more money than you make.

the only use of litecoin to me is it's low transaction fees for sending. i dont think it really has a real value proposition. but i like it still.
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December 04, 2022, 02:56:44 AM
 #65

I have been investing Litecoin since 2014 at that time Litecoin competed in the top 5 ranking position, in my opinion Litecoin is difficult to develop because there aren't many developers who use the Litecoin network, but since this month LiteCoin continues Enter ranked 10 more.

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December 04, 2022, 12:44:15 PM
 #66

I have been investing Litecoin since 2014 at that time Litecoin competed in the top 5 ranking position, in my opinion Litecoin is difficult to develop because there aren't many developers who use the Litecoin network, but since this month LiteCoin continues Enter ranked 10 more.
Yes ...I have never invested in this coin.  But I believe that this coin has a pretty good price. Because I got this coin for free.  So I plan to invest in some time to come

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December 04, 2022, 12:52:10 PM
 #67

Litecoin has always been one of my favourite cryptos. It was the first crypto after Bitcoin, and it was the third crypto I mined first.
 
Nowadays, I do not mine cryptos any more, but I'm still hoarding Litecoin as I believe I will still make 10x or plus more than what I have invested. After Bitcoin, for me, it is the best.
 
So, how many of you still believe in Litecoin and think we will still see it go past the $500 mark again?
I used to use it to transfer funds between exchanges, but that's all i used it for. But now there are faster and cheaper alternatives to send between exchanges. Some could say that they are less decentralized and they would be right, but as i am already sending between centralized exchanges i don't see a point to use slower tech just because of a principle.
I personally don't see any use for it, except maybe to act as a test platform for future features in BTC

The point where their main dev sold everything on the top was enough for me to not even look at the chart anymore. I like the logo though.

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December 04, 2022, 02:48:31 PM
 #68

Litecoin was an interesting option by 2016 or so, but since then I've observed it has lost popularity in crypto market for new projects that have been hyped. I think Litecoin won't be completely abandoned by crypto enthusiasts, because it's part of the early years of this industry, so people have a nostalgic feeling for LTC, but at same time I don't think it can have any important main role in the future of cryptocurrencies.

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December 04, 2022, 04:26:58 PM
 #69

Litecoin has always been one of my favourite cryptos. It was the first crypto after Bitcoin, and it was the third crypto I mined first.
 
Nowadays, I do not mine cryptos any more, but I'm still hoarding Litecoin as I believe I will still make 10x or plus more than what I have invested. After Bitcoin, for me, it is the best.
 
So, how many of you still believe in Litecoin and think we will still see it go past the $500 mark again?

I have been trading LTC coin since 2017 when it was one of the top 10 crypto currency and as fork of Btcoin it was very popular currency. People used to transfer funds by using its network because its transaction fee was comparatively lower than Bitcoin.

Many analysts believed it will hit $1000 in the bull market but it never happened and its ATH in 2021 bull market was around $400 which was much lower than market expectations.

I think Lite coin team need to work hard to make it a popular method of payment for merchants to exploit its real potential.









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December 04, 2022, 04:52:35 PM
 #70

The trick about litecoins is that it is never the biggest name, it will never be like a top 5, maybe push top 10 but I am pretty sure that it won't happen neither. So all in all it is not a top name, but it is a trustworthy one that will not turn out to be a scam and will go up in the future. So, how do you make a decision on it? What do you do with a coin that is good, but not great, that is the question.

If you want to pick something that is risky and make you a lot of money then you pick something lower, if you want to pick something that makes more solid then you pick btc or eth. Then what is the point of all of this? Makes no sense to me at all.

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December 04, 2022, 05:15:28 PM
 #71

Another thing that is keeping Litecoin alive is the fact that we are seeing it go on longer than people expected it to go on and that gives it a boost. Normally if it was invented just last year then it would have been gone already, but we all know that it has been around for over a decade already and that means it is not a bad one and it could be trusted for being here so long. Not even about itself, not about litecoin, not because it is great or anything, but only because it has been around for longer than any other aside from bitcoin. That time alone itself is a huge boost to its price and how much people trust it.

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December 04, 2022, 08:56:21 PM
 #72

Until now I still store classic coins even with a small amount, Litecoin, Dash, Monero, etc, waves and so on are still in the wallet, of course I hope Litecoin can make ATH again so as to make investors optimistic with the future of Litecoin.
I just notice that classical coins except btc, eth, are not that active anymore in terms of pump but I know there are still a demand for them because these coins are still being accepted in so many platforms like for example in gift card/shopping sites and gambling sites. I think people mainly uses them for payment purposes and not really for investment.

So, I am not sure if ath from those classic coins can be achieved but if you want to see an ath why not go for btc, eth and other cryptos instead? You will have more chances with them when the bull run returns. Anyway, you said you only invest small on the coins that you list so I expect most of your money still goes in the coins that I suggested.

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December 04, 2022, 09:51:44 PM
 #73

Another thing that is keeping Litecoin alive is the fact that we are seeing it go on longer than people expected it to go on and that gives it a boost. Normally if it was invented just last year then it would have been gone already, but we all know that it has been around for over a decade already and that means it is not a bad one and it could be trusted for being here so long. Not even about itself, not about litecoin, not because it is great or anything, but only because it has been around for longer than any other aside from bitcoin. That time alone itself is a huge boost to its price and how much people trust it.

There is definitely some truth in what you say, but the age of a coin is not enough to constantly attract new investors and more and more money to their project. Because we know a lot of examples of old coins, which are on the market for a long time, but nobody needs them and nobody buys them. But LTC has big community among investors and miners, that's why with each new bull run it grows in value more, than in previous cycle, and not every coin, even those that are on the market for a long time, can do that.

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