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#1

Goldfields Goose
Member
Joined: 17 December 2021
Posts: 14
Member
17 December 2021 03:19 pm

Hi Guys,

I'm a new member here I just introduced myself and tried to upload a video but I don't have enough Posts yet.

I thought Id start here because I'm a Big Cryptocurrency fan with Litecoin being my Number one choice.
Lots of people in the space speak negatively about Litecoin but I can assure you its unfounded and these people are clearly invested in competing currencies or "tokens"

Litecoin was created from the Bitcoin source code and is almost an exact copy with some small changes that help fix the problems Bitcoin had with Transaction speed.

It's a 10 year Old crypto, which is known as the silver to Bitcoins Gold, It has 100% uptime and is completely decentralized.
The Founder Charlie Lee sold most of His Litecoin in 2017 so there's no founder stash contrary to Bitcoin's 1 million Satoshi stash, this was a very controversial decision and created heaps of negative sentiment from people who don't really value decentralization

Litecoin has been losing value against Bitcoin for 4 years now, with the ratio being at all time Lows...This creates a situation that could potentially see Litecoin make 10 x 20 times upside moves in the coming months/years.

I would strongly advise you DYOR on this Great Coin, its had quite poor price performance this year going from 30$ to 400$ and crashing back to 100$ and now sits at 150$...U.S prices

If you are looking for an investment in Crypto Litecoin is considered one of the "BIG Three" BTC/ETH/LTC it's accepted on PayPal, Venmo, commonwealth bank and so so many other platforms due to its respected position in the market but its often Overlooked and RN considered to be EXTREMELY UNDERVALUED.

I'm actually surprised there was a post about SHIBA, which is a meme coin that pumped and probably will dump, and nothing here on a real cryptocurrency such as Litecoin so here it is, I did my part.

enough rambling , See ya guys thumbsup

1 user likes this post: Mike678

#2

AndiCrew
Member
From: St Albans, VIC
Joined: 12 January 2022
Posts: 13
Member
12 January 2022 06:07 pm

Is litecoin legit or fake

#3

Jaros
Moderator
From: S.E.Qld., QLD
Joined: 11 August 2013
Posts: 16,062
Moderator
12 January 2022 06:26 pm

Can't you look in Google to find out?


F1A4M2, GPX4500, Exterra 705 Gold, Ace 250, Goldrat 8" Dreammat River Sluice.

#4

Simmo
Member
Joined: 08 November 2014
Posts: 1,850
Member
12 January 2022 07:43 pm

Goldfields Goose wrote:

Hi Guys,

I'm a new member here I just introduced myself and tried to upload a video but I don't have enough Posts yet.

I thought Id start here because I'm a Big Cryptocurrency fan with Litecoin being my Number one choice.
Lots of people in the space speak negatively about Litecoin but I can assure you its unfounded and these people are clearly invested in competing currencies or "tokens"

Litecoin was created from the Bitcoin source code and is almost an exact copy with some small changes that help fix the problems Bitcoin had with Transaction speed.

It's a 10 year Old crypto, which is known as the silver to Bitcoins Gold, It has 100% uptime and is completely decentralized.
The Founder Charlie Lee sold most of His Litecoin in 2017 so there's no founder stash contrary to Bitcoin's 1 million Satoshi stash, this was a very controversial decision and created heaps of negative sentiment from people who don't really value decentralization

Litecoin has been losing value against Bitcoin for 4 years now, with the ratio being at all time Lows...This creates a situation that could potentially see Litecoin make 10 x 20 times upside moves in the coming months/years.

I would strongly advise you DYOR on this Great Coin, its had quite poor price performance this year going from 30$ to 400$ and crashing back to 100$ and now sits at 150$...U.S prices

If you are looking for an investment in Crypto Litecoin is considered one of the "BIG Three" BTC/ETH/LTC it's accepted on PayPal, Venmo, commonwealth bank and so so many other platforms due to its respected position in the market but its often Overlooked and RN considered to be EXTREMELY UNDERVALUED.

I'm actually surprised there was a post about SHIBA, which is a meme coin that pumped and probably will dump, and nothing here on a real cryptocurrency such as Litecoin so here it is, I did my part.

enough rambling , See ya guys thumbsup

Awesome PERSONAL opinion!!
However your caveat of DYOR settled my nerves!

1 user likes this post: The geezer

#5

Mike678
Member
Joined: 21 October 2019
Posts: 919
Member
13 January 2022 09:42 am

Stick with Helium HNT or Ripple XRP .


MWB 1989 All ready to go ......

#6

Dihusky
Member
From: The Bush, QLD
Joined: 16 June 2017
Posts: 1,573
Member
14 January 2022 08:50 pm

BTC's poor cousin, used to hold it but prefer the W2's & W3's more movement and better money to be made, all LTC has done is fall. sad

#7

Goldfields Goose
Member
Joined: 17 December 2021
Posts: 14
Member
Yesterday 04:04 am

"Silver to Bitcoins Gold" exact same Code base as Bitcoin only 4x the supply ( Hard capped)
Yeah, I agree litecoin has had a bad few years, but you don't invest into projects that have already been pumped...litecoin has yet to pump this cycle and has huge potential that many are unaware of..
If you look at the ratio of Litecoin to Bitcoin its at historical lows...last time it was at this point was in 2017 before it pumped like over 4000% from 4$ to 420$
If you had bought at 4$ you made a fuckload of money..
Just saying you wouldn't want to NOT hold some litecoin while its relatively cheap.
Like I said DYOR..

1 user likes this post: Dihusky

#8

Goldfields Goose
Member
Joined: 17 December 2021
Posts: 14
Member
Yesterday 04:08 am

AndiCrew- I can assure You Litecoin is Very Legit...3rd most transacted Cryptocurrency, 2nd most available cryptocurrency available on Bitcoin ATM's worldwide... 10 years old, 100% uptime, 100,000,000 transactions made...
Also has a massive community.
Its a No hype, Legit Cryptocurrency unlike 98% of all the premined, token burning trash that's been created from nothing.

#9

donlanja
Newbie
Joined: Today
Posts: 3
Newbie
Today 01:36 am

i feel there must be a reason you still see it there alongside BTC, ETH as accepted payment!

no need to stick to one though, diversify?
cryto gaming will be huge imo
and ADA will move....patience

#10

Dihusky
Member
From: The Bush, QLD
Joined: 16 June 2017
Posts: 1,573
Member
Today 10:37 am

So much to keep an eye on, when we started there were about 50 coins, now there is 10s of thousands, ever changing world and the dinosaurs of the financial work still think it will die out, lol it's simply too big and too useful now.


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