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/biz/ - Business & Finance


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29018053 No.29018053 [Reply] [Original]

>What is Litecoin?
https://litecoin.org/

Litecoin (LTC) is an open source peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin (BTC)

>How is Litecoin different to Bitcoin?
https://litecoin.info/index.php/Comparison_between_Litecoin_and_Bitcoin

One way to view Litecoin is as silver to Bitcoin's gold, in that it is a relatively less valuable cryptocurrency that is easier to obtain and transact with

Litecoin uses scrypt instead of SHA256 for proof of work
Transactions are 4 times faster than with Bitcoin
Total amount of LTC is 4 times the total amount of BTC

>Why invest in Litecoin?
https://litecoin-foundation.org/the-case-for-litecoin/

Litecoin, one of the oldest cryptocurrencies, has proven itself a reliable and secure money with the advantages of name-recognition and high liquidity (available on almost all exchanges), consistently ranking in the top 4 in trading volume. It’s also the second most available coin in cryptocurrency ATM’s. Bitcoin continues to be the ‘gold standard’, but Litecoin has proven itself the silver to Bitcoin’s gold. According to Coinbase’s metrics, Litecoin’s price is 98% correlated to Bitcoin’s

>What's new with Litecoin?

https://coinjournal.net/news/litecoin-price-touches-3-year-high-as-network-activity-spikes/
https://bitcoinprbuzz.com/shifting-into-litespeed-defichain-introduces-litecoin-liquidity-mining/
https://beincrypto.com/dogecoin-and-litecoin-mining-chip-combo-capitalizes-on-the-craze/
https://cointelegraph.com/news/record-584m-litecoin-futures-open-interest-signals-institutional-inflow

>> No.29018498
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29018498

>>29018053
It can't even break $250, OP, chill....

>> No.29018559

large if verified https://twitter.com/shakiXBT/status/1362010409155371011

>> No.29018597
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29018597

>>29018559
why do you think we bought in?

>> No.29018634
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29018634

Will Charlie dump again?

Buy Monero instead

>> No.29018673

>>29018498
op meant it in $CAD

>> No.29018715

BUY DOGE BUY DOGE BUY DOGE BUY DOGE

>> No.29018747

>>29018634
Please go back to $GME thread. You can't sell more than 100% asset you own here on monopoly coins

>> No.29018811
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29018811

>>29018498
N

>> No.29018868

>>29018634
it already busted his nut. so fuck off pedo.

LTC is in a great position.

>> No.29018975
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29018975

>>29018498
that's because we are still early and it's still good time to buy
instead people will fomo in at 1k

>> No.29019092

>>29018975
This is the 4th month of this bull run. You do understand this isn't Stonk, right? The cycle is much shorter

>> No.29019316
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29019316

>>29019092
Stay poor.

>> No.29019453

$1500 LTC waiting room. This room feels very appropriate. Considering what I know, LTC will easily surpass its old ATH.

>> No.29019491

>>29018053
are litecoiners so desperate that they started to shill this here? lmao stay on reddit

>> No.29019658
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29019658

>>29019491

>4th largest volume

it shills itself you nufaggot zoomer.

>> No.29019682

I know something.

>> No.29019959

>>29019453
You again... just tell us what you know you Q posting nigger.

>> No.29020189
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29020189

>>29019959
better watch your mouth you little shit.

>> No.29020232

why on gods green earth would you ever buy litecoin over xmr

>> No.29020299

>>29019453
WWG1WGA
>>29019959
Trust the plan.

>> No.29020300

>>29020232

better market cap. cry more

>> No.29020306

>>29018634
Watch monero go zero when ltc implements mw

>> No.29020396

>>29020232
xmr is immune to normie pumps because it's not available on pay pal, robinhood or coinbase
DOGE didn't pum on fundamentals, it pumped on normie fomo and LTC being the cheapest big-3 crypto (where one can easily buy entire unit), having the "silver of crypto" narrative and low circulating supply could definitively see that happening
with mimblweimble LTC will have privacy features making it unique among other top 10 cryptos and being tis big it won't ge randomly delisted from some exchange like XMR did back in december

>> No.29020468

>>29018053
Anyone want to buy hundreds of thousands worth of CISCO servers for cheap? It fell off the back of a truck if anyone asks. It's all unused, I can wipe it if you're paranoid and put on Linux or something.

>> No.29020496
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29020496

>>29018053
AHH GUYS LTC IS MOONING!!
>When?
WHEN I FUCKING SAY.

>> No.29020514

>>29020468

strange place to be selling your old servers, what model(s) and how much?

>> No.29020543

>>29020468
Could you just put that on bizBay?

>> No.29020567

>>29020232
I am over 30

>> No.29020575

>>29020514
"old"
They're brand new. They fell off a truck coming from CISCO factory. Finders keepers.

>>29020543
That's a good idea. I'll do that.

>> No.29020589

>>29018053
all-in @ 232 2x leverage, what am i in for?

>> No.29020624

>>29020306
>>29020396
why would anyone ever give a shit about a coin implementing optional privacy. do you know that optional privacy is useless

>>29020567
i have been in crypto since 2011.

>> No.29020697

>>29020232
I'll fucking buy Litecoin and Decred before Monero.

>> No.29020715

>>29020697
but why anon

>> No.29020726
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29020726

>>29020575
>They fell off a truck coming from CISCO factory.
Probably fucked beyond repair kek

>> No.29020884

>>29020624
>why would anyone ever give a shit about a coin implementing optional privacy. do you know that optional privacy is useless
You are thinking about this from a tech / “fundamentals” perspective. Made the same mistake last cycle

>> No.29020944

XMR is a great coin if people actually used crypto to buy stuff. It's NGMI much for gains

>> No.29020951

>>29020884
i have been in crypto since 2011.

>> No.29020992

>>29020944
you should have a look at the deep web.

>> No.29020994

>>29020726
Well they happened to fall right into my hands.

>> No.29021007

>>29020715
Pure privacy sounds great but people already see it as suspicious and would be afraid to accept. Better to be given a choice.

>> No.29021013

>>29020624
it's a news catalyst
literally doesn't matter what it is, it just needs to kick off the rally

>> No.29021023

>>29020992
well ya duh but as far as gains.... L

>> No.29021194

>>29021013
but all the people who care about privacy are buying xmr
>literally doesn't matter what it is
hmmmmmmm

>>29021007
optional privacy is straight up useless, using it paints a target on your back, and also the pool of private transactions on every optional privacy coin that exists is tiny, like less than 1% of all transactions, meaning its easier to track because there are far less inputs and outputs

>> No.29021359

>>29021194
>hmmmmmmm
it really doesn't, no one is going to buy LTC for privacy features but their introduction will be enough to get people talking, notice and for the pump to start
in fact rally will start even before implementation because people who accumulate want to frontrun the news
the news itself could be anything and LTC also had ADA bridge and Flare airdrop lined up

>> No.29021845
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29021845

>>29021359
Having literally anything new on litecoin will give off the impression to investors that its not completely static that should be enough to fuel a rally without constant dumps. But yeah with optional privacy I imagine filling in the gaps of private transactions wouldn't be that difficult.

>> No.29021867

>>29021194
I know theres a need for privacy, but pure privacy would make people sweat about accepting it. Some of the US exchanges don't even carry Monero. Bittrex even delisted it with couple of other privacy coins. Tell any business that people can wash coins with Monero and they would think twice about accepting it. Even if those optional privacy transactions are small, I don't think anyone is coming after you unless you do something extremely illegal. By the way, how many optional privacy coins out there other than Decred and soon Litecoin? Do they even have the amount of volume Litecoin gets?

>> No.29021928

>>29018597
What did memelines do to your brain anon..
We're losing him bros

>> No.29021976

Buying litecoin in 2021 is stupid. That's why I have a considerable amount. Don't underestimate the unwashed robbinghood masses

>> No.29022203

>>29018053
Litecoin chan is pretty cute

>> No.29022364

>>29020232
I don’t even know how to buy Monero no one does

>> No.29022496

>>29022364

nicehash lets you swap BTC (and I think other coins as well) for it, you can open an account for free and with no KYC BS
just pipe in some crypto, swap for xmr, and voila you have xmr

>> No.29022500
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29022500

>>29019092
By history we could very well have 6 months of bullrun left. Also was there in 2017:

> Pandemic
> Stimulus
> Movement to stay at home online to limit human contact
> Tesla buying 1.5 billion $ of Bitcoin
> Microsofts patent for a cryptocurrency using body activity data
> Talk of CBDCs and The 4th Industrial Revolution
> Klaus Shwab of WEF spearheading the global Great Reset mentioning digital assets
> Money printer go brrrr

ETC. This time has so many differences.

>> No.29022935

>waiting for drop for a whole day knowing full well if I FOMO in now it WILL drop

DUMP ALREADY REEEEE

>> No.29023356

*Crack* Rise and shine junior, let me check my Litecoin *Sips* yup, it's time to grill

>> No.29023395

>>29023356
I am a de facto boomer. Love grilling and sipping beer with my neighbour

>> No.29023398

https://www.youtube.com/watch?v=YkADj0TPrJA

>> No.29023444

>>29023395
Honestly never grilled properly before. What do you grill?

>> No.29023455

>>29020232
litecoin implementing privacy sidechain, no upside to monero anymore

>> No.29023624

>>29023444
pork. look up shashlik

>> No.29024553

>>29022935
Its literally free as 230dollars, where could it dump? 10 dollars max

>> No.29024721

>>29021976
At least there is a progression of people joining Wall Street silver and making crazy buys at the start.

>> No.29025597
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29025597

with LTC being 1.5k eoy easy do you think it's at least an investment in fun to get a couple of those scrypt asics? the cheap ones pay for themselves in 100 days at $3/day profit
as a worst case the price stays the same (the price will never drop) and i have a hobby that pays for pizza until it doesn't and i hock it off onto a boomer on ebay

>> No.29025656

>>29022364
atomic wallet has exchange but i dont know the fees

>> No.29025834

>>29024553
It went from 230 to 195 not a week ago

>> No.29025956
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29025956

>>29025834
and where is it now???? apologize

>> No.29026089

>>29025956
230, ready to drop again to 195?

>> No.29026151

>>29026089
dead wrong bitch