LITECOIN ( LTC) is rising like a beast. 62.00 3 weeks ago, to 86.00 as I type this.

I invested £3 into it and it's rising well and very consistently.

I never bought crypto in the past because it was so difficult. Now with Coinbase, etc and it is so easy... I see this bubble with a long way to go. Wish I was in earlier... but still think there is plenty of time to get on board when the masses realize they can invest too, right from an app.

Charlie Lee wrote:

I never bought crypto in the past because it was so difficult. Now with Coinbase, etc and it is so easy... I see this bubble with a long way to go. Wish I was in earlier... but still think there is plenty of time to get on board when the masses realize they can invest too, right from an app.

I agree with this 100 percent. I train is not going to be an infinite ride. It's definitely finite, but will last for a good long while. Bitcoin started 8 years ago. Can it go higher? I don't know. But if you got in when it was basically dirt, then that is a ton of money.

if you get in early on the right coin, where the price is very low, anywhere from 1 cent to 100.00, you will not lose money( or lose little money) .

It's almost 90 now.... Glad I bought at 68 and 72. Wish I had bought more.

Charlie Lee wrote:

I never bought crypto in the past because it was so difficult. Now with Coinbase, etc and it is so easy... I see this bubble with a long way to go. Wish I was in earlier... but still think there is plenty of time to get on board when the masses realize they can invest too, right from an app.

Be careful with coinbase. They are ok to buy on, but you don't want to use the built in wallet. They have a history of locking up accounts for unknown reasons.

Rick Sanchez wrote:

[quote]Charlie Lee wrote:

I never bought crypto in the past because it was so difficult. Now with Coinbase, etc and it is so easy... I see this bubble with a long way to go. Wish I was in earlier... but still think there is plenty of time to get on board when the masses realize they can invest too, right from an app.

Be careful with coinbase. They are ok to buy on, but you don't want to use the built in wallet. They have a history of locking up accounts for unknown reasons.[/quote

Coinbase is beyond legit, with the NYSE being one of its investors.

They have to comply with the Bank Secrecy act, so if they suspect an account of money laundering or any other illegal monetary activity, they will suspend account to ascertain everything.

I don’t have a problem with that.

You realize other digital coins like Ethereum, Bitcoin Cash, and Dash are up as much or more over the same period? What's the attraction of Litecoin?

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Hodl wrote:

You realize other digital coins like Ethereum, Bitcoin Cash, and Dash are up as much or more over the same period? What's the attraction of Litecoin?

Yes, but this post is not about those coins, because Litecoin is at a good price right now, where Bitcoin is at 1500.oo something and Etherum is at something like 462.00.

So the post is focusing on LTC, to get in on it before it hit those prices.

I think that is obvious here.

Yeah but do you have any reason behind your investment? It's just speculation. Most of you guys are saying "look it's going up! If you invest it'll go up!" which is a self-feeding statement.

What'll happen is that the price reaches a point where people pull out. It'll crash enough that more pull out, etc, etc.

At least just admit you're basically rolling a dice.

Swaglord wrote:

Yeah but do you have any reason behind your investment? It's just speculation. Most of you guys are saying "look it's going up! If you invest it'll go up!" which is a self-feeding statement.

What'll happen is that the price reaches a point where people pull out. It'll crash enough that more pull out, etc, etc.

At least just admit you're basically rolling a dice.

Bitcoin was introduced 8 years at a dirt price, and is now sitting at close to 10,000 USD. That is not some speculation my friend. Litecoin was introduced 6 years ago, and is now at 90.00.

You need to familiarize yourself with Blockchain technology. That is the foundation of everything. Cryptocurrency is just an application on that technology, so this is no crap. BT is going to be how all digital data is saved, recorded and shared.

People are making money here, so the point is to get in why it is LOW. Buy low, sell high.

Think about it. Money used to be mineral based, then it went to paper form, now people mostly deal money in digital form. And since the banks are still using a centralized system to record you money data( which can be hacked and highly vulnerable), Blockchain technology is going to do away with all of that. Cryptcoins is just the beginning of where this is going to go.

I agree BT is the key, and will be leveraged in the future. But these cryptocurrencies do nothing useful to any organization in power. Governments gain nothing, and will in fact lose if people start using crypto. Big businesses don't care. Small businesses don't want the hassle. Individuals like that their credit card is backed by a company that can refund them if they are hacked.

Crypto is only used for money laundering and illegal drug sales online right now.

Blockchain should only be used for use cases where effcient shared truth is needed. Otherwise, what's the point? We have a central government that we agreed on to act as our 'shared truth.' And they have physical assets backing a currency.

Also, if it was so based on speculation, NYSE wouldn't be investing it. And Goldman Sachs is in the process of creating

a Bitcoin fund that can be invested in, and other investment institutions are falling in line as well.

So the point is to get in why the foundation is still a dirt/seed foundation, because once the fruit and trees truly grow,

it is going to be highly expensive. The big boys are slowly creeping in now that BTC is skyrocketing.

Example take art. Like picasso, etc. Now those works have always sold for high prices. But in the past 10 years stock brockers have been buying art and driving the prices to astronomical amounts, to where even your high art collector can't even afford to buy. PUSHED AND PRICED OUT ( like neighborhoods, businesses, etc)

It does not matter if bitcoin is a bubble or not. What matters is money can be made with little investment, so take advantage of that, and if the bubble does burst, you will still make a profit ( because you bought the coin when it was dirt).

Scorpion_runner wrote:

It does not matter if bitcoin is a bubble or not. What matters is money can be made with little investment, so take advantage of that, and if the bubble does burst, you will still make a profit ( because you bought the coin when it was dirt).

Explain how you make a profit if the bubble bursts and prices collapse? Litecoin is $86 today, it could be $6 by year's end.

I'm enthusiastically pro-crypto, but most of what you've written in the above posts sounds silly. At least be honest and admit that nobody has any idea what the "right" price is for Bitcoin or Litecoin or any other. Even if the technology itself is compelling, that doesn't mean it's worth an unlimited amount of money.

Hodl wrote:

Scorpion_runner wrote:

It does not matter if bitcoin is a bubble or not. What matters is money can be made with little investment, so take advantage of that, and if the bubble does burst, you will still make a profit ( because you bought the coin when it was dirt).

Explain how you make a profit if the bubble bursts and prices collapse? Litecoin is $86 today, it could be $6 by year's end.

I'm enthusiastically pro-crypto, but most of what you've written in the above posts sounds silly. At least be honest and admit that nobody has any idea what the "right" price is for Bitcoin or Litecoin or any other. Even if the technology itself is compelling, that doesn't mean it's worth an unlimited amount of money.

If you bought Litecoin when it was 3.00, and it dropped all the way down to 6.00....That is still a profit. You didn't lose the money that you initially INVESTED, which is the point of getting in on it while it is dirt cheap. Also, take that statement with a grain of salt, because yes money can be lost, and big money if it is purchased at a high price.

That is all that I'm stating here. The sooner someone gets in on it the more protection they will have against a HUGE loss. So don't wait until these coins get really high to invest.

If someone goes out and buy BTC right now, then I would say that is a huge, huge risk because it is sitting at close to 10,000. But if someone goes out and buy NEO or GAS, which I believe both are at around 30 or 40 dollars, and it grows to 10,000, then that would be more of a low risk move, because even if the stock falls drastically they could still get out with some type of profit ( if they sell before it goes under what they initially invested) or with little loss.

I'm not wolfing to talk this up, or on some pro, pro cryptcoin chatter. This is a legit opportunity that can be ridden, even if it crashes in the future.

No brakes on the crypo train!

Scorpion_runner wrote:

f someone goes out and buy BTC right now, then I would say that is a huge, huge risk because it is sitting at close to 10,000. But if someone goes out and buy NEO or GAS, which I believe both are at around 30 or 40 dollars, and it grows to 10,000, then that would be more of a low risk move, because even if the stock falls drastically they could still get out with some type of profit ( if they sell before it goes under what they initially invested) or with little loss.

What's your reason for recommending Litecoin over anything else - just the fact that 1 Litecoin is under $100 compared to Bitcoin's $9000? By that reasoning you should love Ripple at $0.25, or even Bytecoin at $0.0016. The current price of 1 coin unit is mostly irrelevant. Total market cap is a more useful metric, or maybe trading volume.

I would not recommend anybody invest more money into crypto right now. Most coins are up a ridiculous 2x or 3x in just the past few months, and there's no way that's sustainable. There's going to be a correction.

Longer term, the better crypto investments will be the ones that have some fundamental advantage. Bitcoin has first mover advantage and the most name recognition. Bitcoin Cash is a rebellion against the core Bitcoin developers to fix problems with high transaction fees. Ripple is in bed with the banks. Dash and Monero emphasize privacy. Ethereum is qualitatively different than most others, more about digital contracts than digital money. Compared to any of these, Litecoin has no particular distinguishing feature. It's just a straight clone of Bitcoin with a few small tweaks.

There is NO stopping the crypto currency train, people. The CME (Chicago Mercantile Exchange) will introduce Bitcoin futures in a few weeks. This will be a yuuuuuge catalyst for all cryptos. Get onboard. Just buy a few litecoin, if you can't afford Bitcoin or Ethereum.

Litecoin will break $100 any day now

Ethereum will break $500 if not already there

Bitcoin is going to $10K by Christmas.

I agree on XRP, which i have invested in. However I TOTALLY disagree with you on Litecoin, and i feel you need to educate yourself on the coin( all due respect).

In the world of Blockchain technology. it is all about RAPID confirmation. Litecoin is 4 TIMES FASTER at data confirmation, and it is decentralized. Bitcoin is not a decentralized coin, which goes against what Blockchain technology is all about. That is one of the reasons why Bitcoin Gold was created. It is a decentralized bitcoin, which is what the original Bitcoin was supposed to be.

This is why Litecoin is projected to be even bigger than Bitcoin when everything is said and done. So it wouldn't hurt to throw SOME cash on while it is on the cheap as a major coin.