How To Invest In Litecoin (And Should You Do It)
Updated: December 28, 2020 By Robert Farrington
At The College Investor, we want to help you navigate your finances. To do this, many or all of the products featured here may be from our partners. This doesn’t influence our evaluations or reviews. Our opinions are our own. Learn more here.
Litecoin
Cryptocurrencies like Bitcoin, Ethereum, and Litecoin are making headlines because the value of these currencies has risen dramatically over the last year. These currencies rely on complicated mathematics and blockchain technology to create a system that allows users to pay, store, and get value from these currencies.
Specifically talking about Litecoin, let's dive in and look at what it is, how it's different than other currencies, and the most important question of all: how to invest in Litecoin. Before you get started with Litecoin, you need a digital wallet. We recommend using Coinbase, which we will discuss a bit more below.
If you're considering investing in Litecoin, realize that there are a lot of risks - but also huge potential rewards. We try to break it down as easily as possible, but this is a complicated subject.
Table of Contents
What Is Litecoin
How Litecoin Is Different
How To Invest In Litecoin
Final Thoughts
What Is Litecoin
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized. Mathematics secures the network and empowers individuals to control their own finances.
Litecoin was the third most popular digital currency, behind Bitcoin and Ethereum (okay, it's fallen a little bit due to the popularity of Ripple, but close enough). There's some subjectivity about whether it's actually second behind Bitcoin, but that's neither here nor there.
In 2014, Dash, a competing crypto-currency, split from the Litecoin blockchain. You can learn about investing in Dash here.
How Litecoin Is Different
Litecoin is different than other currencies is a couple key ways.
First, unlike Bitcoin and Ethereum, Litecoin uses a software algorthym (Scrypt) to mine units. This somewhat prevents individuals from making powerful custom computers (or rigs) specifically to mine the currency.
Second, Litecoin has one of the fastest transaction times of the digital currencies, clocking in at 2.5 minutes (versus the 10 minutes for Bitcoin).
Third, and most popular for investors, Litecoin is the cheapest of the three major cryptocurrencies. As of June 2017, Bitcoin was trading at over $2,500, Ethereum was trading at over $300, while Litecoin was trading at around $40.
Litecoin Prices
How To Invest In Litecoin
If you're looking to invest in Litecoin, it's important to remember that Litecoin is a currency. This means it doesn't act like a stock or bond. Instead of buying shares of Litecoin, you are swapping your currency for Litecoin currency.
For example, $1 USD is equal to about $43 in Litecoin today. The goal is for the value of Litecoin to rise, in which case, you could exchange your Litecoins back to dollars (from someone willing to do the exchange).
So, where can you do this? Sadly, you can't invest in Litecoin at your stock broker. Instead, you need a digital wallet. The best digital wallet we've found for US Citizens is Coinbase. Coinbase allows you to buy and sell Bitcoin, Bitcoin Cash, Ethereum, and Litecoin all in their app.
Since Coinbase is also a digital wallet, you can use your wallet to buy, sell, send, and receive Litecoin as well (for example, using Litecoin to pay for goods or services online).
By using THIS LINK you'll get $10 in bitcoins after you buy $100 in Bitcoins. You can then convert your Bitcoins and bonus into Litecoins if you wish.
If you don't like the idea of a digital wallet, there are no ETFs that track Litecoin yet. However, GBTC is an ETF that tracks Bitcoin, which you can purchase on a platform like eToro. You can also invest in other cryptocurrencies on eToro as well.
Final Thoughts
Like any currency, there is a high degree of risk involved if you're considering investing in Litecoin. However, given the low price point and ease of access via tools like Coinbase, it can be tempting to try a small amount and see what happens.
You never know, Litecoin could skyrocket as high as Bitcoin is today, and you might be thanking yourself in several years.
bitcoin зарегистрироваться создатель bitcoin alpha bitcoin
explorer ethereum
ethereum twitter порт bitcoin coin ethereum monero вывод bitcoin pdf satoshi bitcoin bitcoin php bitcoin roll polkadot cadaver fasterclick bitcoin blocks bitcoin
статистика ethereum bitcoin cgminer bitcoin bow bitcoin рбк tether 2 создатель bitcoin миксер bitcoin tor bitcoin 0 bitcoin keystore ethereum half bitcoin bitcoin click ethereum 4pda bitcoin курс bitcoin fpga tokens ethereum bitcoin основы qtminer ethereum bitcoin buying neteller bitcoin agario bitcoin
ethereum клиент ethereum stats pow bitcoin ethereum os platinum bitcoin click bitcoin обновление ethereum bitcoin paypal заработка bitcoin bitcoin cc bitcoin captcha котировка bitcoin tether обменник bitcoin доходность nicehash bitcoin q bitcoin ethereum пулы electrum ethereum bitcoin testnet
sun bitcoin bitcoin generate
bitcoin masters airbitclub bitcoin bitcoin wmx пицца bitcoin bitcoin goldman go bitcoin monero dwarfpool bitcoin blocks принимаем bitcoin talk bitcoin satoshi bitcoin bitcoin blue bitcoin комментарии deep bitcoin store bitcoin Easy to set upbitcoin компания cz bitcoin bitcoin weekend bitcoin ocean
ethereum кошельки 2016 bitcoin
fake bitcoin bitcoin обозначение
часы bitcoin tether chvrches monero coin casinos bitcoin cryptocurrency dash
взлом bitcoin bitcoin обмена token ethereum проблемы bitcoin get bitcoin bitcoin help network bitcoin In bitcoin, ideally old-version miners would realize that their blocks were rejected, and would upgrade. As more miners upgrade, the chain with predominantly new blocks becomes the longest, which would further orphan old version blocks, which would lead to more miners upgrading, and the system self-corrects. Since new version blocks are accepted by both old and upgraded nodes, the new version blocks eventually win.gambling bitcoin bitcoin zona it bitcoin 2 bitcoin bitcoin golden doge bitcoin ethereum хешрейт bitcoin get byzantium ethereum bitcoin video яндекс bitcoin cryptocurrency ethereum news bitcoin сокращение генераторы bitcoin de bitcoin usb tether exchange bitcoin bitcoin зарегистрировать транзакции bitcoin bitcoin компания bitcoin eth ads bitcoin live bitcoin bitcoin system bitcoin journal сложность monero bitcoin trust bitcoin обменять bitcoin система bitcoin sec chaindata ethereum auction bitcoin bitcoin instant ethereum chart ethereum com
bitcoin лопнет bitcoin монеты bitcoin code monero algorithm bitcoin создать bitcoin instant registration bitcoin tether курс bitcoin registration bitcoin demo ethereum erc20 bitcoin information
reverse tether bitcoin ферма bitcoin virus weekend bitcoin форекс bitcoin котировка bitcoin bitcoin blue home bitcoin биткоин bitcoin bitcoin вирус reddit bitcoin china bitcoin
market bitcoin casinos bitcoin bitcoin вирус вывести bitcoin bonus bitcoin bitcoin exchanges bitcoin шахта bitcoin торги bitcoin 2010 bitcoin код bitcoin перспектива платформ ethereum ethereum прибыльность 99 bitcoin ethereum complexity boom bitcoin maps bitcoin ethereum доходность s bitcoin сайте bitcoin bitcoin ebay разработчик bitcoin bitcoin pizza сбор bitcoin polkadot bitcoin мониторинг bitcoin майнить bitcoin оборот ethereum complexity withdraw bitcoin hd bitcoin abi ethereum weather bitcoin
акции ethereum
взлом bitcoin ethereum calc Bangladeshbitcoin euro bitcoin рубль ethereum blockchain blogspot bitcoin casascius bitcoin chvrches tether bitcoin litecoin loco bitcoin bitcoin farm clicker bitcoin bitcoin apk
bitcoin курс polkadot блог bitcoin qiwi bitcoin vpn
wikipedia ethereum раздача bitcoin dark bitcoin вход bitcoin wallet cryptocurrency fake bitcoin eth (written in C++) https://github.com/ethereum/*****p-ethereumbitcoin neteller bitcoin сша widget bitcoin ethereum chart bitcoin cny bitcoin linux bcc bitcoin bitcoin links ethereum plasma
ethereum exchange bitcoin генератор rinkeby ethereum рост bitcoin In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The reward decreases transaction fees by creating a complementary incentive to contribute to the processing power of the network. The rate of generating hashes, which validate any transaction, has been increased by the use of specialized machines such as FPGAs and ASICs running complex hashing algorithms like SHA-256 and scrypt. This arms race for cheaper-yet-efficient machines has existed since the day the first cryptocurrency, bitcoin, was introduced in 2009. With more people venturing into the world of virtual currency, generating hashes for this validation has become far more complex over the years, with miners having to invest large sums of money on employing multiple high performance ASICs. Thus the value of the currency obtained for finding a hash often does not justify the amount of money spent on setting up the machines, the cooling facilities to overcome the heat they produce, and the electricity required to run them. As of July 2019, bitcoin's electricity consumption is estimated to about 7 gigawatts, 0.2% of the global total, or equivalent to that of Switzerland.bitcoin 123 online bitcoin alpari bitcoin bitcoin protocol bitcoin code bitcoin scripting
bitcoin s io tether
ethereum ethash
получить bitcoin bitcoin dark bitcoin ne
faucet bitcoin курса ethereum особенности ethereum bitcoin metal ethereum exchange обзор bitcoin auction bitcoin bitcoin anonymous shot bitcoin bitcoin mac monero proxy bitcoin сервисы bitcoin yandex ethereum contracts bitcoin instant ethereum homestead bitcoin вконтакте monero алгоритм cryptonight monero yandex bitcoin bitcoin paw bitcoin habr bitcoin адрес bitcoin машина bitcoin algorithm bitcoin лохотрон goldsday bitcoin ethereum scan apk tether bitcoin терминал ферма ethereum bitcoin lite bitcoin телефон local bitcoin fork bitcoin
xbt bitcoin bitcoin grant бесплатные bitcoin фермы bitcoin tether bootstrap bitcoin land pos bitcoin green bitcoin 2 bitcoin bitcoin cli bitcoin q ethereum eth майн bitcoin iota cryptocurrency x bitcoin bitcoin bubble Venture capitalIn terms of advantages, Lovell says cryptocurrency gives consumers greater choice, independence, and opportunity in their finances. Further, cryptocurrency’s decentralized, open-source nature helps 'eliminate the weak points of the modern banking system by bringing access directly to consumers,' she says. This makes it easier to buy, sell, store, and trade the best performing assets of the last decade. In this section we have distilled the 'common sense' benefits of Bitcoin’s incentive system. We have elucidated how it uses lessons gained from hacker-style software development to create a project which is highly satisfying for software developers to contribute to, and we have established that this satisfaction produces subtle development improvements which ultimately increase the value of the network. In the next section, we explore a variety of ways investors can capture this value.The Investment Outlookcoin bitcoin Where ether is stored. Users can initialize accounts, deposit ether into the accounts, and transfer ether from their accounts to other users. Accounts and account balances are stored in a big table in the EVM; they are a part of the overall EVM state.проект bitcoin bitcoin redex email bitcoin bitcoin london bitcoin кэш github ethereum
bitcoin это bitcoin block bitcoin skrill cold bitcoin bitcoin 100 bitcoin 1000 Zero posed a major threat to the conception of a finite universe. Dividing by zero is devastating to the framework of logic, and thus threatened the perfect order and integrity of a Pytha*****an worldview. This was a serious problem for The Church which, after the fall of the Roman Empire, appeared as the dominant institution in Europe. To substantiate its dominion in the world, The Church proffered itself as the gatekeeper to heaven. Anyone who crossed The Church in any way could find themselves eternally barred from the holy gates. The Church’s claim to absolute sovereignty was critically dependent on the Pytha*****an model, as the dominant institution over Earth—which was in their view the center of the universe—necessarily held dominion in God’s universe. Standing as a symbol for both the void and the infinite, zero was heretical to The Church. Centuries later, a similar dynamic would unfold in the discovery of absolute scarcity for money, which is dissident to the dominion of The Fed—the false church of modernity.polkadot ico bitcoin окупаемость account bitcoin bitcoin торрент инструкция bitcoin Path-dependence protects Bitcoin from disruption, as the organic sequence of events which led to its release and assimilation into the marketplace cannot be replicated. Further, Bitcoin’s money supply is absolutely scarce; a totally unique and one-time discovery for money. Even if 'New Bitcoin' was released with an absolutely scarce money supply, its holders would be incentivized to hold the money with the greatest liquidity, network effects, and chain security. This would cause them to dump 'New Bitcoin' for the original Bitcoin. More realistically, instead of launching 'New Bitcoin,' those seeking to compete with Bitcoin would take a social contract attack-vector by initiating a hard fork. An attempt like this was already made with the 'Bitcoin Cash' fork, which tried to increase block sizes to (ostensibly) improve its utility for payments. This chain fork was an abject failure and a real world reinforcement of the importance of Bitcoin’s path-dependent emergencetether wallet bitcoin example
Vitalik Buterin described Ethereum as a concept in a White Paper in late 2013. This concept was developed by Dr. Gavin Wood who eventually published a technical Yellow Paper in April 2014. Since then, the development of Ethereum has been managed by a community of developers.Although Satoshi Nakamoto’s Bitcoin was eventually the innovation that would bring blockchain to the masses, these early pioneers weren’t forgotten. The first Bitcoin transaction (on 12 January 2009) was a transfer of 10 bitcoins from Nakamoto to Hal Finney.ethereum online bitcoin nyse bitcoin quotes
bitcoin trader segwit2x bitcoin usa bitcoin bitcoin адрес bitcoin оборот
phoenix bitcoin bitcoin markets проект bitcoin
bitcoin twitter
bitcoin server genesis bitcoin bitcoin tails car bitcoin bitcoin analytics matteo monero
fields bitcoin
bitfenix bitcoin ethereum обмен case bitcoin bitcoin download капитализация ethereum
bitcoin github xapo bitcoin ethereum mist стоимость monero cubits bitcoin monero pools обменять monero bitcoin магазин dark bitcoin birds bitcoin отзыв bitcoin bitcoin wm bitcoin pdf china cryptocurrency nonce bitcoin рейтинг bitcoin linux ethereum bitcoin валюты
bitcoin китай monero hashrate счет bitcoin что bitcoin
bitcoin instant
майнить monero spots cryptocurrency bitcoin динамика *****uminer monero mine ethereum bitcoin algorithm q bitcoin bitcoin kurs bitcoin ocean bitcoin wallet circle bitcoin iso bitcoin bitcoin форк roulette bitcoin bitcoin security bitcoin anonymous
tokens ethereum multibit bitcoin enterprise ethereum cryptocurrency bitcoin poker bitcoin 2000 bitcoin tm bitcoin команды bitcoin aliens bitcoin переводчик bitcoin in bitcoin сервисы новости bitcoin bitcoin cracker testnet bitcoin ethereum видеокарты bitcoin today bitcoin мастернода bitcoin приложения code bitcoin расчет bitcoin россия bitcoin токен bitcoin hosting bitcoin
bitcoin таблица график bitcoin cryptocurrency tech ethereum форки bitcoin kurs робот bitcoin андроид bitcoin donate bitcoin bitcoin иконка bitcoin переводчик bitcoin gpu trade cryptocurrency ethereum addresses p2pool ethereum бутерин ethereum loan bitcoin ethereum btc bitcoin de bitcoin india flex bitcoin ethereum dao mixer bitcoin робот bitcoin ico monero bag bitcoin Bitcoin can be purchase or sell easily nowadays. It has been all over the world and it is being used by fast growing number of merchants worldwide. You can store Bitcoins by using Bitcoin wallets.community bitcoin wechat bitcoin Cryptocurrency blockchains are highly secure, but other aspects of a cryptocurrency ecosystem, including exchanges and wallets, are not immune to the threat of hacking. In Bitcoin's 10-year history, several online exchanges have been the subject of hacking and theft, sometimes with millions of dollars worth of 'coins' stolen.5mine ethereum playstation bitcoin bitcoin investment bitcoin hardfork трейдинг bitcoin monero bitcointalk cryptocurrency index bio bitcoin bitcoin партнерка
bitcoin vk bitcoin hashrate monero биржи mine monero bitcoin hub алгоритм ethereum rocket bitcoin bitcoin сервисы bitcoin матрица balance bitcoin cms bitcoin ccminer monero ccminer monero bitcoin fun monero core plasma ethereum bitcoin сеть
bitcoin metatrader
bitcoin phoenix ethereum график 0 bitcoin monero bitcoin crash bitcoin pps bitcoin майнинга
bitcoin yen компания bitcoin
описание ethereum rx580 monero flypool monero bitcoin хардфорк neo cryptocurrency bitcoin q monero pro bitcoin space blitz bitcoin mine ethereum ethereum miner ethereum addresses qtminer ethereum tracker bitcoin talk bitcoin claim bitcoin bitcoin обсуждение капитализация bitcoin rx560 monero
ethereum usd bitcoin price bitcoin logo
bitcoin 2020 cryptocurrency mining bitcoin рбк reverse tether фермы bitcoin kong bitcoin
4pda bitcoin
биржа bitcoin source bitcoin bitcoin python пулы bitcoin
ethereum pos weekly bitcoin If you wish to learn more about stablecoins then do check out our guide on the same. While there is no need to get into the details, let’s see why these have exploded in popularity in recent times.generation bitcoin
биржа bitcoin This Coinbase Holiday Deal is special - you can now earn up to $132 by learning about crypto. You can both gain knowledge %trump2% earn money with Coinbase!According to researchers, other parts of the ecosystem are also 'controlled by a small set of entities', notably the maintenance of the client software, online wallets and simplified payment verification (SPV) clients.preev bitcoin bitcoin деньги
Cross-Border Payments*****a bitcoin bitcoin dat They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price. It is not uncommon for the value of cryptocurrencies to quickly drop by hundreds, if not thousands of dollars.earn bitcoin ico monero
bitcoin бот ios bitcoin hashrate bitcoin nanopool monero
cryptocurrency market
ethereum habrahabr This transaction is now included in a 'block' which gets attached to the previous block to be added to the blockchain. Every transaction in the blockchain is tied to a unique identifier called a transaction hash (txid), which looks like a 64-character string of random letters and numbers. You can track a particular transaction by typing this txid in the search bar on the blockchain explorer. Just the way we keep cash or cards in a physical wallet, bitcoins are also stored in a wallet—a digital wallet. The digital wallet can be hardware-based or web-based. The wallet can also reside on a mobile device, on a computer desktop, or kept safe by printing the private keys and addresses used for access on paper. But how safe are any of these digital wallets? The answer to this depends on how the user manages the wallet. Every wallet contains a set of private keys without which the bitcoin owner cannot access the currency. The biggest danger in bitcoin security is the individual user perhaps losing the private key or having the private key stolen. Without the private key, the user will never see her bitcoins again. Besides losing the private key, a user can also lose her bitcoin by computer malfunctions (crashing a hard drive), by hacking, or by physically losing a computer where the digital wallet resides.Bitcoin Cash is a hard fork of bitcoin increasing the maximum block size. Bitcoin XT, Bitcoin Classic and Bitcoin Unlimited each supported an increase to the maximum block size. On 1 August 2017, the day when BTC forked, the BTC blockchain split into two separate blockchains: one maintained in accordance with the rules currently valid for BTC, and the other maintained in accordance with the rules currently valid for BCH. If one had coins on the BTC chain prior to the fork and has not yet moved them, one could move them on one or the other or both chains. Thus, all holders of BTC also became holders of BCH at the split time. Henceforth BTC and BCH are separate and trade at entirely independent valuations relative to each other, fiat currencies, and other assets.ethereum foundation ethereum parity dogecoin bitcoin bitcoin 50 ethereum coingecko bitcoin stealer ethereum обменять make bitcoin The EVM has memory, where items are stored as word-addressed byte arrays. Memory is volatile, meaning it is not permanent.ethereum bitcoin bitcoin linux Subunitsmonero address
mini bitcoin cranes bitcoin bitcoin trader bitcoin авито bitcoin scripting scrypt bitcoin
ethereum miner bitcoin stellar ethereum пул bitcoin окупаемость график ethereum bitcoin мониторинг bitcoin реклама bitcoin market casper ethereum mainer bitcoin matrix bitcoin claim bitcoin safe bitcoin bitcoin today bitcoin ethereum tera bitcoin
биржа ethereum bitcoin usd direct bitcoin usb bitcoin логотип bitcoin simplewallet monero кошельки bitcoin ethereum цена bitcoin авито скрипты bitcoin bitcoin future bitcoin passphrase bitcoin fast bitcoin hesaplama цены bitcoin monero курс bitcoin зарабатывать bitcoin смесители 4pda tether bitcoin сбербанк bitcoin casino ethereum видеокарты The model predicts a six-figure price in the coming years. Frankly, I have no idea if that will come to pass, but it is true that the stock-to-flow ratio of Bitcoin keeps increasing over time, and the supply of new coins coming onto the market is diminishing and ultimately, limited.auction bitcoin weekend bitcoin
spend bitcoin bitcoin mmm bitcoin s bitcoin python кошелька ethereum ethereum капитализация bitcoin ios ethereum обмен ethereum online bitcoin earnings bitcoin skrill
приложения bitcoin bitcoin 1000 blake bitcoin bitcoin boom майнер bitcoin ultimate bitcoin miner monero
обзор bitcoin kurs bitcoin bitcoin crypto
bitcoin 123 ethereum заработок geth ethereum q bitcoin flash bitcoin bitcoin explorer bitcoin 2020
bitcoin euro fox bitcoin автомат bitcoin bitcoin direct bitcoin linux программа tether polkadot cadaver bitcoin автоматом платформы ethereum monero blockchain bitcoin etf After you buy Litecoin, you can hold on to it and wait for the right opportunity to use it. You can store your LTC safely on your Binance account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.bitcoin инструкция
