Why I started taking Litecoin seriously by clayboyn

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litecoin · @clayboyn · Jun 23 '17 (edited)

$36.39

Why I started taking Litecoin seriously

<center>![](https://steemitimages.com/DQmdhuj38NVjAgNL1sbDGDFQibuQtLAvdpQqnHFpinEjm2L/image.png)</center>
I'll be honest, there was a long period of time that I considered Litecoin to just be Bitcoin's little insignificant bastard child that no one really cared or talked about. I was wrong and I'm glad I changed my mind about it in time. I have been using Litecoin almost exclusively for the last several months as my "go between" for exchange and cashout. I obviously value steem and if Coinbase had the option to deposit steem I probably wouldn't need Litecoin at all, but even before the segwit activation, I was using Litecoin instead of Bitcoin. I don't like Bitcoin any less, but until I see real changes that matter getting made I don't find it as usable as it once was.

Litecoin has been more stable than either BTC or Ethereum for a while now as far as price goes. The block times of BTC are too high for the number of transactions we are pushing through it. We have a war between miners and the developers that pushes to basically centralize Bitcoin more to one side or the other and I really don't like that. Litecoin is also set to explode from what I can tell. I went to move 10 Litecoin today out of habit, because that was always like 40-50 bucks when I needed to move some money around to play with and I realized, LTC is actually worth way more now than it was a very short time ago. It's not like I haven't watched the price, but it didn't really set in how good of an investment LTC has been for me until today. Maybe this will help get some others to look at LTC as a good store of value. Namaste.

👍 donkeypong, kurtbeil, kaylinart, barrydutton, analisa, clayboyn, sandstorm, mateorite, markwhittam, riz-cryptonian, nepalipahad, hastla, d-pend, edgarstudio, crisgojar, iveliu, tomkitti, mdev, freesteemplease, propagandapalace, kingofkong, dragon40, mrtree420, vividrange, ch00fy, linniek, emcvay

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@barrydutton · Jun 24 '17 (edited)

$0.44

Long reply just got deleted here again, it is happening a lot to me now, they just disappear and the reply window  shuts down.

Great post, never sold any of mine, agree with you lots and my vote got you way over the $50 mark or about 1.1 LTC

LOL!!

TY for thinking of me man

👍 barrydutton, clayboyn

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@clayboyn · Jun 24 '17

:)  I have tripple digit dreams for LTC in the near future.

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@barrydutton · Jun 24 '17

1/ You must be happy with STRATIS again this week.  Asking for a friend LOL!!!

(: still LOL'g at that part of my chat with you a week ago

👍 clayboyn

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1 reply

@barrydutton · Jun 24 '17

Logged into my main LTC wallet to check what there was, I forgot I had as much as I did LOL.  Honestly, I put it there and knew to leave it there and check it if needed.

Plans have paid off so far mate. 

(:    figured I should advise you of this !!

TY again man

👍 clayboyn

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3 replies

@clayboyn · Jun 24 '17

$0.44

@barrydutton don't say I didn't warn ya!

👍 barrydutton

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@dafar · Jun 23 '17

$0.11

Bitcoin's scalability war is about to be over. It will get segwit... after that where does that leave litecoin? 

I think litecoin at 2B market cap is undervalued too. Charlie Lee going full time on litecoin is a good sign of things to come. The price is still below its ATH and I think this coin is destined to have another rally that goes above ATH. $100/ltc is not out of the question. But don't bet on litecoin succeeding because of bitcoin troubles... bitcoin will sort itself out, when it does litecoin might drop. But I believe litecoin has a future too.

👍 mateorite, d-pend, clayboyn

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@clayboyn · Jun 23 '17

$0.08

I never bet against Bitcoin, but I think LTC has shown beyond any doubt that it has value to me personally in the last few months while BTC has become almost a burden to use.  I also like options for the future, and LTC seems to be a much more stable option than I used to think it was.

👍 riz-cryptonian, d-pend

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@riz-cryptonian · Jun 23 '17

$0.07

I am with you my friend. 

Please check out my post and share some community support by upvoting and following.
[FINAL Call #litecoin to the MOON](https://steemit.com/litecoin/@riz-cryptonian/final-call-litecoin-to-the-moon-darparture-in-a-very-short-while)

I upvote all my followers.

#litecoin #upvote4upvote #follow4follow

👍 riz-cryptonian, clayboyn

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@d-pend · Jun 23 '17

$0.03

It seems like Charlie's vision for LTC is to be a complement to BTC. Not necessarily better or worse, just different and working together. Once segwit is activated on both currencies, implementation of the Lightning Network is just around the corner. After that it will be extremely convenient to swap BTC for LTC. If you think about it, it's a little similar to having the British Pound, the Euro, and the Dollar. None of the currencies are "better" than the others, and if there are big issues with one of them, people can diversify their assets. I foresee a very bright future for Litecoin. It is extraordinarily underpriced at around 1/50 of BTC, where in all reality it is equivalent to 1/4 BTC. Obviously no one can predict the future, but the more educated I become on Litecoin, the more convinced I am that it is an excellent cryptocurrency. Charlie Lee also has great rapport with the Chinese miners and was able to get them to agree to implement segwit, showing the Litecoin community is somewhat less toxic than the Bitcoin community. Of course, that might change if the value rapidly increases. My conclusion overall is that the negative reputation of Litecoin is unwarranted, as it seems to be built solidly and work synergistically with BTC. Just my two cents lol.

👍 d-pend, clayboyn

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@clayboyn · Jun 23 '17

$0.03

Agreed, like I said in the post, I don't like BTC any less, I just feel like it's less usable at the moment.  In my mind this is how these things should work.  One is overburdened, we have a fallback.

👍 d-pend

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1 reply

@iveliu · Jun 23 '17

What are your predictions for Litecoin for the upcoming year? I would like to know if it's still worth it to mine or not.

👍 clayboyn

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@clayboyn · Jun 23 '17

I don't really like to predict prices.  I see it going up though.

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@propagandapalace · Jun 23 '17

Nothing but positive news, and therefore positive press, for the next few months for Litecoin!

👍 clayboyn

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@riz-cryptonian · Jun 23 '17

$0.07

I am heavily vested in LTC and trust me it's getting ready to spike up. the resistance at 49 level will be penetrated by tomorrow and thereon the journey to the moon will begin...

Please check out my post and share some community support by upvoting and following.
[FINAL Call #litecoin to the MOON](https://steemit.com/litecoin/@riz-cryptonian/final-call-litecoin-to-the-moon-darparture-in-a-very-short-while)


#GetOnItOrRegretOnIt
#litecoin
#upvote4upvote
#follow4follow
#support4support

👍 riz-cryptonian, clayboyn

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@vichetuc · Jun 23 '17

lol.

👍 vichetuc

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@clayboyn · Jun 23 '17

lol.

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@d-pend · Jun 23 '17

lol?

👍 clayboyn

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2 replies