Should You put money into Litecoin?
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Disclaimer: I’m not a dealer.Only A blockchain evangelist that concentrate on the tech.
What is it?
Clone of Bitcoin, that has been round for greater than 5 years. Its think about the Silver of crypto as Gold is Bitcoin and its founder is Charlie Lee.
It’s imagined to be quicker and cheaper than bitcoin and targeted extra on smaller transactions.
Total cash shall be 84 million and as of in the present day is value: 29 USD
In 2013, bitcoin gained +11,000% and bitcoin|http://btcpeek.com/index.php?s=MyBlogK1″>litecoin gained +500% over the worth of bitcoin throughout its peak. The worth of LTC hit an all time excessive of round $50 on some exchanges.
The final main bitcoin|http://btcpeek.com/index.php?s=MyBlogK1″>litecoin rally was through the summer time of 2015, when a Chinese LTC Ponzi scheme managed to build up a minimum of 20% of your entire provide. Most of that offer was immediately dumped and the LTC/BTC markets have been on an extended bear development since.
So Should you make investments?
A few issues to speak about:
Are you a long term investor, dealer, or threat taker?
Lets have a look at some professionals and cons
Pro’s:
SEGWIT AND LIGHTNING NETWORK INTEGRATION Litecoin is at present within the technique of attempting to assist bitcoin’s scaling debate by transferring in direction of the activation of Segregated Witness and Lightning Networks. Litecoin founder Charlie Lee acknowledged in a current put up:
Been round because the starting Strong group Coinbase simply added Litcoin: Increase acquisition Litecoin has a fraction of the transaction charges of bitcoin,
Cons:
If Bitcoin goes Segwit, Bitcoin will nearly provide the identical options as bitcoin|http://btcpeek.com/index.php?s=MyBlogK1″>litecoin. So many will hedge in direction of bitcoin. Not new. Not actually fixing any new downside.
Conclusion:
The chances of Litecoin going up is nice. But like something by no means make investments what you’ll be able to’t lose.
My title is Ameer Rosic, and I’m a serial entrepreneur, investor, advertising Strategist and Blockchain Evangelist
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