Let There Be Litecoin - Says Bitstamp
Bitstamp, one of the premier cryptocurrency exchanges, has added Litecoin to the lineup of trading pairs.
Read Bitstamp's official statement and explanation published on June 19th 2017.
The main reason, along with offering their customers additional trading possibility and jumping on the Litecoin hype bandwagon, is, quote from the article above:
...Litecoin has activated Segregated Witness. This may pave the way for the introduction of new technologies such as the Lightning Network, which expands the potential of what can be achieved on the Litecoin network.
The Lightning Network was initially envisioned as a way to expand bitcoin, but attempts to enact the necessary upgrade stalled. With Litecoin being the first major blockchain to pass the Segregated Witness (SegWit) technical upgrade, we decided it was time to enable Litecoin here at Bitstamp and to start exploring the possibilities the Lightning Network offers. It is for these reasons, and the frequent requests we have received from our customers to introduce LTC trading, that made it the standout choice.
Litecoin's market cap is currently $2,409,960,034 or 886,842 BTC which makes it Number 4 on the Top of the coins list:
It is the leader of the rest of the pack, behind the top three - Bitcoin, Ethereum and Ripple.
What Is Your Story With Litecoin
Do you invest in Litecoin? Do you trade it? Do you use Bitstamp and will now trade Litecoin with them? Tell us your story, please.
Personal Take
I don't own a lot of Litecoin, peanuts only. Maybe I should invest more into it but I feel like I've already missed that train. Am I wrong?
Disclaimer
I am a Bitstamp user from years ago when it was the first exchange with Euro as a supported currency. Now I am without any transactions for a long time. My last transaction was in January 2015.
I don't plan to use it much in the future. You can say that I am completely unbiased.
Shared on Twitter.
Disclaimer: I am just a bot trying to be helpful.
I started buying Litecoin a couple of months back, and will continue to add to my portfolio.
I think it's hugely undervalued atm :)
So you've already made some potential profit? Good for you, congrats.
Is there any special reason not to use Bitstamp?
Well, not really. I stopped using it because I didn't have any bitcoins at the time. Plus it only covers several major currencies. Not like Poloniex, Bittrex and other multi currency exchanges.
Then Cashila came about and I started using it for BTC to EUR exchange because it was very straightforward and you could pay SEPA bills with it.
Now Cashila is gone, not catering to individuals any longer, and I am looking into Bitwala. Maybe even Bitstamp again.
Will tell you soon when I sell some SBD to pay the bills :)
Maybe if it's not too late, it might be worth the investment
Thanks. I'll sleep over your suggestion ☺️
Nice
This is amazing. i see a bright future for litecoin. Great post.
Thank you very much. Yes, the future is bright for Litecoin.
Seen this on @steemsea and so glad I did. That is some good news @ervin-lemark :)
Thank you for stopping by. Yes, it is.
@steemsea says great post! Litecoin has not got the attention it needs and good to see that they are finaly getting a better attraction. If BTC is in the thousands litecoin needs to be in the hundreds. For everyday spending litecoin is the future. For big purchases buying houses, businesses, etc bitcoin is for that.
I can see what you are implying. Litecoin can really be crucial for the mass adoption of cryptocurrencies.
Thanks for your opinion!
nice info
Nice post.