5 reasons to buy Litecoin and hodl it for the future!
- A few days ago, Litecoin had the second halving of reward: from 25 Litecoins to 12.5 Litecoins for a block. That means, historically, halvings of reward brought some raising at price. How much Litecoin will gain this time when the price of altcoins is no more connected with Bitcoin Core price? For me, it is fine to see the falling price of Bitcoin Core and Litecoin price is rising. Below you can notice Litecoin price was raising after halving (picture belongs to coindesk)
The price will (eventually - I can't read future) rise because of 2nd halving. - Uncertain times where inflation of money reaches high. I mean US Dollars, Euro, British Pounds in particular. If you live in a country with high inflation - here were are. Litecoin is the answer. Low fees, fast block time - way ahead of Bitcoin Core which is slow with its block time and too expensive for everyday use with high fees. Notice how much Fiat money is printed - every day billions added to the general circuit. There is no other option but a rising price of Litecoin and other cryptos.
- It is almost certain that Litecoin will be number 3 of 24 volume in crypto markets.
- Some bad news with cryptocurrency? They blame Bitcoin Core of use for illegal activities. Criminals could use any cryptocurrency or even USD but they always blame Bitcoin :D
- It is based or even copied code of Bitcoin Core, except protocol (Script in Litecoin instead of SHA-256 in Bitcoin Core) and block time (2.5 minutes is faster than 10 minutes in Bitcoin Core). I think it took almost all of the advantages of Bitcoin Core and it's even better.
Disclaimer: These are my thoughts and this is not professional financial advice. Please do your own research and think about how much you can invest. Don't invest borrowed money, money for bills or paying rent. Only invest your spare money that you think you can eventually lose. Remember!
That's it. Thanks for reading, I hope you like it. Please leave Vote UP if you like the article.
Congratulations @wiseman91! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!