Why still hold Litecoin?

Here we are again, the slowest moving crypto (major) in this space. Hasnt even hit ATH and BTC is going to outperform it once again (LTCBTC)…

People want to talk about its fundamentals and how fast it is but it seems investors dont care. And if they are buying LTC how is the price still in the 200s. Should be beyond ATH as ETH has surpassed its ATH MONTHS ago.

So my question is, why do you guys have faith in this coin as an investment. Because the fundamentals sounded good to me 3 years ago but still people want flashier shitcoins

2 Likes

This is not a sprint. LTC won’t fail within 5 years like most of current top 10 currencies.
It is also not super centralized like some other top 10 currencies.
BTC and LTC have the fundamentals right. It is that simple. We can get back to this in 10 years and see. I cannot sell, because I should pay like 50% tax on my gains. ■■■■ that. I will sit on it until I can use it as money.
We are soooo far from the goals. Lightning, mweb and so many ideas are in the pipes. I hopefully have the 10 years to wait it out.

7 Likes

Thanks for the response

1 Like

The first time i bought Bitcoin I had a hard time syncing the blockchain. So I decided to convert to Litecoin and Litecoin thought me how to properly hold and secure my cryptocurrencies.

All the other coins/tokens came, but it doesn’t seems as reliable as the main implementation of Bitcoin/Litecoin core. I don’t think using Metamask’s Ethereum for example as secure as main Bitcoin/Litecoin implementation. Apart of that, Ethereum blockchain already had a hardfork because the made a bad implementation. How can we be sure they will not screw things up again?

My answer is: Bitcoin/Litecoin is solid. I am not here to get rich on the short run, I want to be able to exchange value. Bitcoin holding is a more difficult task nowadays if you want to use core implementation, so I prefer using Litecoin on the daily base.

Currently? To sell for bitcoin when it reaches 1 ltc = 0.02 btc exchange rate

The first time I bought Litecoin it was 2014 and I paid 0.034 and saw my holdings reducing a lot. But I was ok because I learned how to properly hold.

On 2021, I bought at 0.0037. This zero makes so much difference.

2 Likes

Holding lite has a simple reason due to its bright future!
Check Experts Litecoin Price Prediction
Source : https:// coinpedia. org/price-prediction/ltc-litecoin-price-prediction/