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Reddit Posts

Need advice LTC pending for 5 days. Blockchain.com wallet

PSA, Litecoin is now the most widely available privacy coin.

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Combined Platform Market Capitalisations | CoinMarketCap

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Looking at a list of coins, what are the largest market cap coins that are not Proof of Work-based?

How will Tether possibly take down the crypto market, won’t people trade it for: BTC, ETH, LTC, etc?

Hierarchical deterministic addresses or "where did my LTC & ADA go?"

A legal opinion in response to Do's plan to kill UST - Must Read for LUNA/UST HODLers.

How big is the risk of centralized exchanges?

What would you do with $100k right now.

What do you consider blue chip material? (Not BTC or Ethereum)

r/CryptoCurrencySee Post

So you fell for a scam

Wanna know what sucks?

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Should I liquidate my alt coins and shift into more stable assets even at a significant loss?

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Should I liquidate alt coins into more stable assets even at a significant loss?

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All in sub 100M marketcap coin

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Luna The dream

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Don't do what I did. In trying to save $35, I lost $200

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Saint Always Take a Profit.

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Reminder, you can start accepting crypto right now without asking permission to anyone in a non custodial way with bitrequest.io Supporting BTC, LTC, ETH, XNO, DOGE, BCH and Lightning!

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Is crypto done? What is happening?

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With CDC shitting itself I've been looking into alternatives

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Looking for open source Python lite wallet or Payment Processor with unified API for BTC, LTC, ETH, XMR, maybe others

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Free Garlicoin - All you have to do is post! Pot of $1500

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Noob: cheapest way to get from PayPal to Kraken

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Best LTC mining website

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Which Crypto Status Symbol Would You Most Like to Have?

The Only Reason Why Crypto Prices Are Collapsing Is Because They’re Priced Against Fiat

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Want to buy ETH/BTC under 18 years old.

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BlackRock Might Accept Litecoin (LTC) As Crypto Collateral Through Lending Platform

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Theoretically…

Best coin for an international money transfer for speed, ease and low fees.

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Crypto Investors - how do you diversify

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Get Peermoon App Tokens on Public Sale | $11 million raised

r/CryptoMoonShotsSee Post

Dingocoin: Alerted pre-listing back before the last moonshot. 800% gains back then. New listing coming in approx 2 weeks. MinedNotMinted. Low supply: around 96 Billion versus the exponentially larger supply of many others. Dingocoin website for a deep dive. Hotbit for ease of purchase.

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What software wallet should I choose?

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How do I sell my TerraUSD (UST)?

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Litecoin (LTC) Whales Transact at Highest Level Since Early 2021, Says Crypto Anaytics Firm Santiment

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Why Doesn't Litecoin Show Up On Coinbase's Top Mover List?

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XMR and LTC are both growing to become the two most practical and trust-established P2P platforms to serve the public, I'd like to start a healthy discussion comparing the two.

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Unable to Withdrawal From Binance Multiple Cryptocurrencies!

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Litecoin (LTC) Is Completing the Mimblewimble Update

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Added 4 More DOGE/LTC Goldshell Box Miners to my Mini mining setup. Tota...

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Litecoin (LTC) nears full implementation of MimbleWimble upgrade

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Anyone else miss the days with 30% drops?

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Announcing new confirmation requirements with BTC, LTC, etc. Good news!

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Announcing the Formation of ‘LTC Labs’ | A joint agreement with Antpool and the Litecoin Foundation

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Crypto stolen because of Verizon failing

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Chancellor of the Exchequer, adds ETH, LTC, and BTC logos for new legislation

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Comparing Exchanges fees for selling currency to EUR

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Not taking profits can be a big mistake and "holding mentality" is not the key to success all the time

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Crypto Taxes for USA

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LTC & DOGE - Is Dogecoin keeping Litecoin alive or holding it back.

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US tax help and optimizing trade execution

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They are offering both BTC and LTC! Have a 2 x 3 ft space and plug at your business? They will set up a ATM machine for free, and you earn a percentage! The lowest fees of all ATMs out!

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Venmo for Crypto?

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If you invested in the top 15 coins in 2015 and held, with most of them you would be in profit

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What is LTC (litecoin) and why it's worth looking into

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Passive opportunity for Crypto trading...

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Passive Crypto trading. LIVE traders as well as AI trading!

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[LTC fair value = $1613] LTC is undervalued compared to LTC/BTC network value model by 15x

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Cryptolympics Semi-Final #2 - DOGE v LUNA

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What are the 10 cryptos with lowest transaction fees?

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what are the 10 cryptos with lowest transaction fees?

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Cryptolympics Semi-Final #1 - DOT v CRO

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What is the cheapest way to send btc and eth

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A point of view of my Portafolio value and Token Amount

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AMC Theatres Now Accepts Dogecoin and Shiba Inu Crypto Payments

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Cryptolympics Quarter-Final #4 - LUNA v MATIC

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Painful lesson of not sticking to plan / taking profits

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Cryptolympics Quarter-Final #3 - DOGE v BTC

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Cryptolympics Quarter Final #2 - CRO v LTC

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"[coin] will always set new all time highs, tell me one time it did not recover to a new ATH!" is an incredibly bad argument. Let's talk about it.

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SO I finally decided to just get either a wallet for the specific coins that have the highest staking rewards instead of having everything in one place. Where should I put everything.

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Cryptolympics Quarter-Final #1 - ATOM v DOT

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alot of people say "long term hold" or "10 year hold"...but how many actually mean it?

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Cryptolympics Game #24 - LUNA v SHIB

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Anyone who has such an opportunity can donate crypto for the needs of the Ukraine medical system. Please, support our doctors!

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Cryptolympics Game #23 - ETH v LTC

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What is a rug pull? An explanation into what that actually means.

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COINS vs. TOKENS

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Crypto uses without just converting to fiat

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Watch poker tournament with LTC founder Charlie Lee, crypto entrepreneurs, poker pros, and celebrities

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Growth Coin? (A growth coin, not GRW coin)

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BTC is up 40% in 2 days!

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Cryptolympics Game #16 - LUNA v LTC

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Cryptolympics Game #15 - ETH v SHIB

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Example of Personal Use Case -

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Helping Ukrainian refugees

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Cryptocurrency with irreversible and complete privacy

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Support Ukraine with cryptocurrency

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How to Buy Holochain Cryptocurrency

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Binance Faster Payments (GBP) Resumed

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Binance Faster Payments (GBP) Resumed

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Litecoin price prepares for 15% advance as LTC reaches an inflection point

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Cryptolympics - Game #8 - SHIB v LTC

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XRP strongest coin today

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Sick of withdrawal fees on Centralised Exchanges?

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Nothing to hide!

Mentions

They said not to. I’ve been oppositional but goal-oriented all my life. So I did. I borrowed on credit and bought crypto. For risk reduction, I made sure it was an amount I could comfortably meet the payments, even if I lost it all, which would have been unlikely. I used a zero percent and another low-interest CC check. I put fifty percent into top coins like LTC and BTC. The rest I diversified into the cash on my profile (said to not “shill.”) I made sure to buy when fear and fud were high, then relaxed with monthly payments, but not for long. A few months later, there was a tremendous run-up, and I sold more than I should have, paying off the credit card debt and even mortgages leaving me with a pile of cheaper than free crypto. Looking back, I should not have paid off the mortgages and only pulled out my capital to return to zero credit balances. But it feels good being debt free. Had I waited even a few more months, the thousands I pulled out in profit would have been millions, but “they” said not to be greedy. Unfortunately, I listened, although still way ahead with perfect credit, no debt, and a pile of free crypto. So yes, borrowing can “work” just know your limits, exercise patience, cost average, buy the fear/fud, and enjoy the ride. With much fewer bills now, I use staggered bids in exchanges with the same coins, reaping larger “bags” and enjoying the large sack with much of it over a year old giving future sells a much lower tax burden. Essentially borrowing changed our economic station in life. A close friend did the same with CCs and loans, buying up land, cutting roads, and selling off smaller lots. She also significantly increased her wealth. Lesson? For me, it's knowing your limits and taking calculated risks for higher rewards.

Mentions:#CC#LTC#BTC

Litecoin. I know people don't like it especially, but LTC will likely still exist next bull run.

Mentions:#LTC

Just saw the praise for this comment on an later comment. I saw this a few days ago, but remember now that this really did stand out because BTC had been stuck at a plateau of $6,000 for a few months after declining from the peak. That was really boring and made me turn to altcoins beyond ETH and LTC for the first time. The hash wars between BCH and BSV led to this dramatic drop and it was a clear buying opportunity. Just wish I'd gotten more ETH with the BTC.

Yeah that´s also the impression I have, when you can pay with crypto LTC en BCH are almost always options.

Mentions:#LTC#BCH

LTC to $1k still happening? i remember being told that last year lol

Mentions:#LTC

I see LTC as BTC without hype and cult. Because in the end, you can do the same (or even more) with LTC than with BTC. Is it enough to hold? Probably is better to hold its fork (doge) which at least ads hype to the fundamentals. But with dismissing returns in mind, we should be careful... BTC can become an expensive LTC in the next cycle (compared with all the other L1 smart contracts)

Mentions:#LTC#BTC

I honestly like LTC! I don't own any but it seems to hit all the fundamentals of a great crypto; fast, cheap, has adoption, and now it has privacy functionability. It really should be bigger than it is.

Mentions:#LTC

Yeah, agreed. LTC is just in a long phase of slowly dying off

Mentions:#LTC

With the prices all down, i feel it’s not a bad idea for me to purchase some LTC again

Mentions:#LTC

LTC just never gives up. I still don't want any but it keeps on trucking. I'll give it that.

Mentions:#LTC

why are you so high on ADA? Personally, I am stacking up on coins I know would at least 2x during the next BTC halving. LTC and such is my preference while mining ETH. I will also buy more BTC from now until 2024.

Except it literally isn't. LTC is accepted almost everywhere. Whereas legit businesses and exchanges don't want anything to do with Monero.

Mentions:#LTC

When this happend to me at the end of 2017 I added BCH, LTC and ETH... ..though ETH soon suffered the same fate. The bad thing about all this is, merchants that are not following the crypto scene much who started to accept BTC were burnt and it has put them off. Valve/Steam probably being the most well known example of this, losing them was horrible.

I wouldn’t consider LTC a privacy coin by any means. It now has a privacy feature, but it is not centered on privacy such as monero.

Mentions:#LTC

LTC can support lightning implementations. It will scale in a similar way as BTC when needed. It's just not needed right now. It's already super cheap

Mentions:#LTC#BTC

Pretty cool. Not a major fan of the LTC project but it is one of the most spent coins with me.

Mentions:#LTC

It's cool man, I'm more than open to discussion about coins that have potential to actually be used and spent. Yep, BTC, BTCLN and ETH are dead payment gateways on my stores these days. My coin of choice is BCH. BCH and LTC are the most spent coins with me in 2022, but I don't like the LTC project much, it's a carbon copy of BTC and if it ever got a huge price increase, they would also move over to LN/sidechains.. it works well now and has 4x the capacity by design than BTC but ultimately it would have the same fate if popular and expensive. Also the community don;t seem intereset much in merhcnat opinions or views. XMR is my second choice, but it is kinda clunky, with the bonus of great privacy.. running an XMR node uses a huge amount of resources compared to other coins, and without using a third party payment processor it is much harder to integrate as a payment option on a store. When selling legal products it's kinda overkill IMHO.

Maybe. I've actually been considering removing BTC and BTC LN options from my existing stores, and no longer add it to new projects, because since 2017 barely anybody spends it with me, in 2022 it's only around 5% of my total crypto income, even with an LN option. In the main bitcoin sub the majority of people are not interested in spending it any longer, but <2017 it was actually the only coin I had listed as a crypto option. but as long as all these coins have at least some value, even if it is below £0.01, it is still useful to me and any other merchants. Coins I'm currently accepting are BTC, BTCLN, BCH, LTC, DASH, XMR, DOGE, ETH and VTC. ETH is also useless now as p2p cash but around 2018 a lot of people were spending it with me.

LTC fucking rules and is easier to buy than Monero. While Monero is technically superior....I can discreetly buy a TAG Heuer with LTC. BITCOIN IS DEAD! no but seriously I'm so excited about how well they rolled out that code. Litecoin has a seriously smart group of developers and that makes me......*bullish as fuck*.

how is it privacy if its opt in and optional. its not even fully private. If I wanted a privacy coin id use monero or zec. the funniest thing about the mimble wimble launch was XMR pumped while LTC was down. Which would tell you how little the market cares about a shitcoin like LTC

Mentions:#XMR#LTC

Will this be integrated into Bitcoin as well? If I remember correctly, LTC is still the "Beta Net" for Bitcoin.

Mentions:#LTC

LTC has the same shitty scaling approach as BTC does. What does this help when you ultimately are push of L1.

Mentions:#LTC#BTC

#Litecoin Con-Arguments Below is an argument written by DaddySkates which won 2nd place in the Litecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > When LTC released, everyone was talking about it. In some time people started the saying about “LTC is the silver to BTC gold”. And frankly it used to be true. > > Nowadays people rarely talk about LTC anymore.. and when they do its in the connection with its founder selling his holdings at absolute ATH which made people run away from LTC not trusting them again. BTC is leader-less for a reason. > Satoshi knew that it will be more successful without a founding father. And its true. > > LTC isnt going to be “killed” by the lack of technology. Its because of the poor decisions that their leader dod without any care for the projects future. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtst/rcc_cointest_coin_inquiries_litecoin_conarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Litecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

Mentions:#LTC#BTC

#Litecoin Pro-Arguments Below is an argument written by metnavman which won 1st place in the Litecoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Full Disclosure* > > *I sold my position in LTC this year during the last run-up to the ~$300s. Prior to that, I'd held a triple-digit position in LTC since ~2013. I did make money from this coin. That is only because of my time in the market, and not any particular strength of the coin in question. Truth be told, I'd have made more money being in other positions, so it is irrelevant. Perhaps I'll regret it one day. Perhaps not.* > > &nbsp; > > * LTC is one of the "OG" coins. [As a fork of the Bitcoin protocol, it's been around almost as long.](https://www.investopedia.com/terms/l/litecoin.asp) It is a very secure coin, and utilizes [Proof of Work](https://www.investopedia.com/terms/p/proof-work.asp) through Scrypt to maintain that security. > > * This "early mover" advantage has allowed LTC to catapult into some very strong positions and use cases. I'd personally put it's [uses on the Paypal platform](https://www.paypal.com/us/smarthelp/article/what-do-i-need-to-know-about-litecoin-faq4401) as one of it's strongest positions in the current financial zeitgeist. [There are certainly lots of others.](https://www.reddit.com/r/litecoin/comments/csfixo/1100_companies_and_stores_accepting_litecoin_as/). > > * LTC is arguably the strongest PoW coin available. It is faster than BTC, cheaper to use, and available for use basically everywhere relevant that BTC is. As far as trading platforms and "on-ramps" for converting fiat currency into cryptocurrency, LTC will get you where you want to go. While it is not worth as much as BTC, it's far more capable for doing what a cryptocurrency is "supposed" to do. Ya know, be a currency that doesn't cost silly amounts of fees to use and take forever to confirm. > > * LTC's development team is currently working on implementing [Mimblewimble](https://www.mycryptopedia.com/mimblewimble-explained/) capabilities to the coin. The quick and dirty for that is adding a "privacy feature" to LTC, as well as potentially solving scalability issues that could crop up one day if usage of the coin were to exponentially increase. Development is ongoing in 2021, and viability/efficacy is not fully determined as of this writing. > > * LTC follows the same [halving](https://stormgain.com/blog/litecoin-ltc-halving) protocol as BTC. This has correlated to price increases for the coin in a similar fashion to BTC after each of these "cycles". It stands to reason that LTC should see another price increase in the 2024-2025 time-frame, coinciding with the next halving [set to occur in Q3 2023](https://litecoinblockhalf.com/). There's math and wrinkly-brain reasons for why it takes some time for the halving process to reflect in the market price. You'd have to go searching; I don't really understand it. There's a shiny graph on that link I put. Have fun. > > &nbsp; > > ==*The rest of this will lean in the opposite direction of the guidelines set forth for this argument. Past this point, you're entirely in the realm of my opinion/experience as a crypto holder/trader since the early 2010s. Do your own research.*== > > &nbsp; > > * I would stress that you proceed to [the LTC "Cons" portion of these arguments](https://old.reddit.com/r/CryptoCurrency/comments/n5vbyk/pro_contest_litecoin_conarguments/) after finishing here and read what I've written there as well. My goal is to remain as unbiased as possible for these write-ups, and I will speak only to the positives of LTC in this thread. I encourage you, the reader, to view both sides and make an educated decision before investing in *any* crypto asset. > > * LTC offers a "tried and trusted" investment platform. If there was a stock to compare LTC to, it's the massive ETF or mutual fund that people put money into year after year and reliably draw a profit from. You will not see the insane fireworks of a DOGE pump, or the rug-pull of a [BITCONNEEEEECT](https://thenextweb.com/news/bitconnect-bitcoin-scam-cryptocurrency) when you put your money into LTC. You will get an investment that "should" make you money in the long run, and potentially set you up for some really solid gains in the future. > > * LTC is not the behemoth that BTC is within the crypto space. The intimidation that comes from the price-tag that BTC sometimes wields ($37K to own one coin at the time of this writing, 60K+ attained) can be a turn-off for the smaller investor still interested in owning a "full coin". While this mindset is considered by veterans within the space to be somewhat naive and counterproductive, it is a psychological aspect that affects many projects within crypto. LTC's ability to allow someone to jump in at a much lower price point and still feel like their investment is "effective" is certainly a strength. > > * LTC has been picked up in the 2021 bull-run by [large institutional entities](https://news.bitcoin.com/grayscale-adds-174000-ltc-to-its-litecoin-holdings-price-of-the-altcoin-unresponsive/), signalling some confidence in it's ability to generate income in some fashion for shareholders/investors. It remains to be seen how this action will play out, as the events are too closely aligned with the large correction in late May 2021 before the coin could pick up steam. [It briefly touched a high-300s price-tag](https://currency.com/litecoin-price-prediction-2021), and many of LTC's supporters believe that it was aiming to go higher before the entire market dropped. > > &nbsp; > > LTC has carved out a solid niche for itself over the years, and a loyal base that wants to see it succeed. As with any investment into a volatile market like crypto, there's a good chance you could lose some money. That said, I would put the chances of it happening with LTC over the long run at a smaller percentage than some of the more risky or "unreliable" projects in the space. If you have patience and are looking for a low-stress coin with some realistic use cases and a good track record for ease-of-use and operability within the crypto-world, LTC may be the coin for you! ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtt5/rcc_cointest_coin_inquiries_litecoin_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Litecoin) to find arguments on this topic in other rounds.

Mentions:#LTC#BTC#DOGE

Naw its just the one im most worried about, got in early then bought more near the peak thinking it could get to a dollar so in the minus now :( Mostly ETH , BTC , BTCH, LTC few others I bought a shit load of XRP but sold when all the sec stuff happened which i regret now I have a very shallow know she of what to invest in tbh pure guess work Any recommendations?

Wow this is huge. Yooo big shoutiut to any long term LTC holders seriously. Mad props to all of them that actually believed in litecoins adoption throughout all these crazy markets and drama. I might even be a holder to soon

Mentions:#LTC

LTC to the moon

Mentions:#LTC

And here i am with my 2 LTC going HAM

Mentions:#LTC#HAM

Can you list Banano soon please - would be nice to be able to buy without buying LTC and moving to CoinEx. It’s a lovely community - been growing for 4 years with free distribution since it started. Have a look at the subreddit if you get a chance

Mentions:#LTC

The OG idea that was Silver to Bitcoin's Gold was a great narrative. It's doing all it should but lacks the price action. Charlie Lee selling out has in retrospect had a devastating effect on this one and really underlines how the optics of projects can rely upon the founders and figureheads. Perhaps by the next bulletin people won't know and LTC will get a big boost.

Mentions:#LTC

Besides the obvious not getting started in crypto earlier, my biggest regret is not buying more Ethereum. I bought some, but should have bought more. My first few crumbs were approaching and on the downslope from the January 2018 peak of $1,400 [https://coinmarketcap.com/historical/20180114/](https://coinmarketcap.com/historical/20180114/) Then after the November 2018 hash war it went down to $85. [https://coinmarketcap.com/historical/20181216/](https://coinmarketcap.com/historical/20181216/) I was more focused on BTC, which I can't regret and couldn't be confident enough to buy after a 90%+ dip and paying so much more for the tiny amount of gwei I had. And it was only the first cycle for ETH, not a proven coin the way XRP and LTC were. This is not financial advice, because it's unlikely to repeat its performance in the last cycle.

This is why LTC rocks. Privacy upgrade is active and they did it no matter what the price is. Devs out there making LTC a perfect coin.

Mentions:#LTC

So what is your time horizon where you see LTC out performing BTC? I’m genuinely curious.

Mentions:#LTC#BTC

Yeah absolutely. I just mean for all the crypto bros looking for the next big 1000x moon, I think the fact LTC is so good and functional is exactly why it is not a get rich quick coin.

Mentions:#LTC

Umm some people do their job better than others or have more experience, or a more promotable skill set. I’m all for meritocracy 100%. I don’t care about sex or race, especially in the work place. But we are getting way far off topic. You go ahead and love your Monero, that’s cool. I like that LTC can be the privacy coin that everyone can actually use on a daily basis, like everywhere.

Mentions:#LTC

I have both , like Xmr most of all , privacy is key , glad LTC is realizing this

Mentions:#LTC

LTC will always be around

Mentions:#LTC

That's pretty much all of crypto except the ones in use like BTC, LTC, ETH, Monero, Dash

Mentions:#BTC#LTC#ETH

Not exclusively. Many people have been watching Coinbase add shitcoins while they don't add legitimate projects that have been developed as long as ETH and LTC. I didn't read the article so you're probably right in this context, but Coinbase was selective for a long time and now they're the opposite, and some strong projects didn't get the old Coinbase nod of approval and associated visibility when they still had that power.

Mentions:#ETH#LTC

Charlie mentioned it's not really necessary for exchanges to support MWEB. A user who has funds on an MWEB address can simple exit it to a regular LTC address on the exchange.

Mentions:#LTC

LTC has been one of my main coins for a long time. Mind you I'm a Crypto user not investor. I'd caution that utility often means a stable price. It's the volatile shit coins that moon. I don't think LTC will moon because it's so functional. It's constantly been bought and sold, exchanged, transferred. If the price of it started spiking many people including myself would just switch to something more stable.

Mentions:#LTC

You literally didn't make a case. You have to pay fees to load up cash, then you have to pay fees to buy LTC in the first place. Imagine if you just... bought what you wanted. Only super LTC nerds would want to pay extra money just to buy random shit instead of buying it directly.

Mentions:#LTC

No it really isn't. Buying LTC just to transact is pointless.

Mentions:#LTC

I’ve been around long enough to remember when Coinbase was getting “slammed” (sigh) for only listing BTC ETH and LTC when other exchanges had dozens of coins. People are just mad because the market sucks right now and lashing out at anyone/everyone.

Mentions:#BTC#ETH#LTC

I think if you are looking for sus dev teams, you can do better than LTC

Mentions:#LTC

It’s true monero is superior in privacy but can’t use that shit anywhere. I can use LTC anywhere BTC is accepted. I would love to use xmr but it doesn’t give me a chance to. I usually buy stuff on bitrefill and coingate

Mentions:#LTC#BTC

LTC is actually the only coin Im using to pay for real world stuff like drinks in my favorite club. Fast confirmation and low fees constantly even at times when ETH transaction costed like 20$ and BTC transaction took 1+ hour. So extra privacy function is welcomed 🙏🏻how does it compare with XMR?

#Dogecoin Pro-Arguments Below is an argument written by roberthonker which won 2nd place in the Dogecoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > (initially put forward by u\/Adventurous_Piglet85) > > (Put forward by u\/meteor-vs-lizardking last round) > > Dogecoin’s success is explained through pure economic and mathematical fundamentals. > > The important thing to note is these fundamentals apply regardless of the name, regardless of it being a meme, regardless of why it was created, and regardless of which billionaires support it > > I am going to cover two topics today > > A) What makes a currency successful > > B) What makes a Cryptocurrency successful > > What makes a currency successful? > > 1. a large supply relative to the user base > 2. An inflationary tendency that allows for lost or destroyed currency. note - inflation and hyperinflation are completely different. Regular inflation - between 1-10% is healthy - whereas anything over 20% is considered detrimental) > 3. cheap, available and easily transactable (the economic term for this is liquidity) > 4. Popular enough. What I mean by this is either enough businesses actually transacting the currency or a user base that barters with each other. > > What makes a cryptocurrency successful? > > 5. dedicated user base either mining or staking the cryptocurrency. This allows the the blocks on the blockchain to be solved - and therefore maintain the transactions. > > 6. an active development team - what this means is that while it doesn’t necessarily have to be the BEST technology or development - it does need to have at least some development to maintain the Cryptocurrencies longevity > > Now - there are definitely other defining factors that contribute to a cryptocurrencies success. However, these are the primary fundamental criteria for a cryptocurrency or currency to be successful. > > If any of these 6 criteria are not met - the cryptocurrency/currency will fail OR not be nearly as successful as it could be. If it meets these criteria- then it is successful. Regardless of it’s price per coin. Anything else after this is just bells and whistles. This is the bare minimum requirements. > > Well how does Dogecoin cryptocurrency hold up? > > 1. Does Dogecoin. have a high supply relative to the user base? Yes. It has a 128 billion dollar supply. This allows the people owning this crypto to own large amounts. The high supply helps maintain liquidity and promote spending rather than hoarding. > 2. Does Dogecoin have an inflationary tendency? Yes, it has a fixed rate of 10,000 new coins added per minute - which equates to roughly 4% inflation per year. (This falls within the range of healthy inflation) Since this rate is fixed, over time the inflation rate lowers. This inflation rate is negligible to affecting the price per coin > 3. Is Dogecoin cheap, available and easily transactable? Yes. It has a transaction(gas) fee of 1 coin per transaction. It cheap - and readily available > 4. Is Dogecoin popular/used by the majority of the user base? Yes. This it is currently in the top 99.99% of used cryptocurrency. Dogecoin is accepted by restaurants, car dealerships,sporting teams, as well as thousands of other small businesses. > 5. Does Dogecoin have a dedicated user base mining the cryptocurrency? Yes, even though it is merged mined with LTC - it has a dedicated group of people mining the coin. They have been maintaining the blockchain for over 8 years, and the block reward of 10,000 coins per block is a great incentive to continue mining in the future. > 6. Does Dogecoin have an active development team? Yes. Contrary to the misconceptions. Dose Dogecoin have an active development team. Are the top of the line developers like other cryptocurrency like ETH? Not necessarily, but it does indeed have a development team working behind the scenes to ensure its success. > > As you can see, based on the minimum requirements of what makes a cryptocurrency and currency successful- you can see without a doubt why this cryptocurrency has survived as long as it has. > > To further show more evidence here 10 additional points for why Dogecoin is successful > > 1. Dogecoin has an 8 year track record of success - even if the price hasn’t necessarily shown it until recently. Dogecoin has survived every major Cryptocurrency bear market and will survive the next. > 2. The myth behind Dogecoin having an unlimited supply is just that, a myth. Dogecoin is not unlimited it has 128 billion dollar supply and 4% Inflation rate > 3. All POW and POS cryptocurrency are also inflationary. Cryptocurrency is inherently inflationary and that is a good thing. Inflation is negligible when under 20% > 4. Dogecoin’s price is not dependent upon Elon musk or Mark Cuban. The price rise has been evident for approximately 8 months. Elon and Mark just sped up a process that was already happening > 5. ⁠Dogecoin still have plenty of room to gain price, but due to the relatively high supply don’t expect bitcoin levels per coin. Realistically Dogecoin can reach between the $1-$10 range. > 6. ⁠Dogecoin is accepted by more businesses than 99.9% of other cryptocurrency > 7. Dogecoin’s mining reward of 10k per block is a great reward for mining and helps to ensure that the cryptocurrency will continue to survive > 8. Dogecoin has cheap transaction fees and has a very good utility at Cryptocurrencies intended purpose of exchanging goods. > 9. The economic fundamentals behind Dogecoin are sound and great for its intended purpose of being a currency > 10. The meme aspect of Dogecoin has absolutely zero impact of the functionality of the cryptocurrency > > Almost every single argument against Dogecoin has one of the following flaws > > a) lack of understand of economics - misconceptions about the supply, mining rate, and inflation and how none of these are actual issues > > b) not understanding that the meme aspect has nothing to do with the fundamentals of the cryptocurrency > > c) lack of actual research - just repeating information they heard from someone else on the internet ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2r9u\/rcc_cointest_top_10_dogecoin_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds.

Mentions:#LTC#ETH#POS

LTC is one of the most transacted coins...

Mentions:#LTC

>9. It’s just like fiat cash, only way less secure, far less convenient, and with unbelievable teller fees.It’s a solution in search of a problem. You can reasonably easily counterfeit fiat, and you can even fool systems literally devoted to spotting fake currency. The only way you could every counterfeit a transaction in the Blockchain would compromise it so much, you'd have way bigger problems than a fake 20. Lightning network is a thing, and we've had stuff like LTC and NANO for years now.

Mentions:#LTC

Same. Since smaller exchanges charge more (to send or swap) than the big ones except for LTC...

Mentions:#LTC

I am not perfect. I got into LTC a very long time ago and have taken my original investment out of it years ago and I’m basically playing with the houses money now; not that I need to justify anything. I didn’t read the white paper because it would mean little to me. Any crypto that you hold doesn’t pay a dividend (like, say, a stock) is a “Greater Fools” asset. Bitcoin and Etherium are as well. Just holding them static doesn’t provide a own y of revenue. They only go up in value as the base coin goes up. And the price is based on what others are willing to pay for it. So, as long as there are greater fools willing to pay more for it than I did, profit. In that way there is no difference between Ltc and any other crypto currency. I hold a lot of Ltc because a) I feel like it, b) I do what I want despite what anyone on Reddit thinks, says or does, 3) when it shots up, I take profits, when it goes way down I buy more: rinse, lather, repeat. No different then I do with Btc. Ltc often swings further in both directions then, say, Btc so I have the opportunity to take profits more often. Perhaps you’ll pull up a chart, draw some lines on it, perform voodoo TA and tell me I’m wrong. I light up my cigar with a hundred from my Ltc sale, read it as I decide should I go scuba or fly my plane today and maybe I’ll learn something. Either way, I’m not embarrassed that I am not a Bitcoin Maxie. I hope you have a better day. Random: think I’ll buy some more Matic today, it’s swinging low again.

Mentions:#LTC

LTC doesn't have lower transaction fees because of tech though, it has a traditional transaction fee system: If people were actually using it heavily it would have high fees.

Mentions:#LTC

Monero's privacy is universal. Every transaction is private from the moment of the transaction's creation. LTC's privacy is on-chain privacy only. There are well-known attacks to trace LTC's privacy while the transaction is not yet mined into a block. LTC is not aiming for complete privacy like monero, they're just trying to make it hard to scan the blockchain after the fact to see old transactions. It will not protect you from someone who is actively watching you.

Mentions:#LTC

Nice jump with the privacy option, if this were a bull market it would send Litecoin way up..but it will gain in the future no doubt..Nowadays in this conditions im relaxing, not investing so much..Holding to my LTC BTC and ETH and in NFTs just have 2 BAYC and invisible friends, but gonna ape on AngelBlock NFTs on May 24th, got a felling with this one like i did with BAYC in the early days (was cheap af, should got more) and their use cases are insane, new field is emerging in the launchpad division..Wonder if ETH will do any limited NFTs as a project, that would bang big time

Mentions:#LTC#BTC#ETH

LTC is here to stay

Mentions:#LTC

In what world does LTC all of things have better tech than ETH?

Mentions:#LTC#ETH

XLM/LTC have cheaper chain fees than BTC. Just need to check if you can cash that out directly or have to trade for something else that you can cash out. Use the trade fee calculator to see if it's worthwhile or if there are other coins you could work with instead of BTC.

Mentions:#XLM#LTC#BTC

I agree with what you're saying, i too would prefer more privacy and i wouldn't give it up if given the choice but i'm afraid that retail has little say in the matter and that other retail investors will pick up LTC because this is being portrayed as positive news while in reality it will likely hurt the price. I'm bringing this up because i'd like to be wrong since i'd prefer more privacy.

Mentions:#LTC

BTC, LTC, XMR and all other proof-of-work coins will be compromised by quantum computers in the next 10-20 years if they are not regulated out of existence before then through some crypto energy-efficiency Act. This looming death sentence will prevent any of these coins from reining champion in the long term. BTC might fork to upgrade to double SHA-512 or double or or even quad Skein-1024... make it as complicated as you want - it is only a matter of time before it is cracked. If it becomes a game of cat and mouse then growth will be stifled.

Ok I'm going to put 1k USD in 10 different coins. I've decided on 9 and need 1 more. The 9 are XRP, TRX, BCH, LTC, BSV, LUNA, ETC, ADA and XVG. Need 1 more to make complete my investment. Thoughts?

I disagree with you there based on popular public opinion. Without having optional privacy, it seems as though you are inherently trying to “hide” your transactions. I agree that people should by default be able to transact privately but that is not the typical view. That is why trading/transacting with Monero is limited. I also don’t think that your bit about the FBI is ridiculous in regards to LTC. There has to be some sort of cause for finite investigation like that. If I’m the employer, I’m like “yeah, payroll, not your business, get a warrant.” If they do, great. Here is what my employees were paid.

Mentions:#LTC

Does LTC really have 100% uptime? Afaik even bitcoin had some downtime (not in the last 10 years though), currently at 99.987% uptime.

Mentions:#LTC

So another LTC shill post with generic comments and no real depth being discussed. Monero is very unpopular with regulators which has caused a steady downtrend. How do we know that more privacy being added to LTC is a good thing for investors? Doesn't this mean regulators will come after it and institutions will have to sell? Please explain to me how more privacy is a good thing in 2022 and beyond

Mentions:#LTC

Disagree. Let’s say that you are paying employees with LTC. You would absolutely want that to be a private transaction so every employee doesn’t know how much the other is getting paid or how much they hold in a particular wallet. Privacy shouldn’t always be regarded as nefarious.

Mentions:#LTC

I do think LTC will be the payment coin when crypto becomes mainstream. I know BTC has lightning, XLM and NANO have feeless aswell, XMR has privacy aswell and if ETH sort gas out it'll be a contender but it just works. 0 downtime, not too much price fluctuation and it just works

I think LTC wanted it to be more like cash rather than btc where you can see the whole ledger so this is a good sum up.

Mentions:#LTC

LTC the new Monero?

Mentions:#LTC

It's a hard one for me with LTC, on one hand I like it right now as it is massively used as a payment coin and is about 40% of my crypto income currently, at the start of 2018 it was about 90% of my crypto income for a while but at that point I only had BTC, ETH, and BCH added.. BCH was so new, most people knew of LTC and used that mostly. but last year BCH caught up with it and they are almost neck to neck for what people pay me in now. What I don't like about LTC is it follows the same development plan as BTC, which includes LN. For now we don't need it, but many years down the line, if the price gets much higher, the fees will become too much, they are already quite a bit higher than BCH, and instead of trying to scale on chain, they will just start using LN which I'm not a massive fan of (though do have it as an option for BTC), but hardly anybody uses it and I need to run an extra server just to accept it. Also I don't really like the community much, it seems to be populated more by investor types that want to see the price rise loads, rather than being mainly focused in peer to peer cash use. It's hard work being a merchant that accepts many coins, very few communities value my opinion and I get a lot of toxicity towards me because I'm not "all in" on one coin. The only communities where I really fit in are BCH and XMR sadly.

Whilst I do have a soft spot for LTC, I don't see this being regulatorily compliant. Net positive news for them today may come back to bite them on the ass in the not so distant future.

Mentions:#LTC

I agree with your sentiment, but not your tone. I've held LTC for about 5 years and it's performing worse over the years compared to just holding BTC or ETH. It's probably the least "sexy" coin out there, but I hope this new feature helps bring people back.

Mentions:#LTC#BTC#ETH

It's optional for LTC while always on for XMR

Mentions:#LTC#XMR

You know we are in a bear market when people finally stop making fun of Litecoin. Proud LTC holder lol

Mentions:#LTC

Bought ~10 LTC in 2017 :/

Mentions:#LTC

Litecoin continues to be one of the most undervalued project yet remains relevant, still in the top 20 after a decade (which only bitcoin can also claim). It’s not going anywhere, and continues innovating. I wonder when people will wake up on LTC.

Mentions:#LTC

LTC can't compare to Monero in privacy sector, but it's still better than 99% of cryptos.

Mentions:#LTC

LTC is mr consistent and we love him for it

Mentions:#LTC

LTC is like that sweet guy in class who’s always in the *friend zone*

Mentions:#LTC

The Cryptocurrency for Payments! Litecoin is a major player in this space. Bullish! $5000 LTC 🚀🚀🚀

Mentions:#LTC

My mushroom spore guy takes payment in crypto - BTC, ETH, BCH, LTC, or DAI.

r/CryptoCurrency