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 loan Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, are comprised of nodes or miners. 'Miners,' or the people who process the transactions on the blockchain, are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can be thought of as the decentralized authority enforcing the credibility of the Bitcoin network. New bitcoin is being released to the miners at a fixed, but periodically declining rate, such that the total supply of bitcoins approaches 21 million. As of July 2020, there are roughly 3 million bitcoins which have yet to be mined.3 In this way, Bitcoin (and any cryptocurrency generated through a similar process) operates differently from fiat currency; in centralized banking systems, currency is released at a rate matching the growth in goods in an attempt to maintain price stability, while a decentralized system like Bitcoin sets the release rate ahead of time and according to an algorithm.dash cryptocurrency monero proxy карты bitcoin ethereum tokens
ethereum виталий
Bare-bones user interfaceWhile ECDSA is indeed not secure under quantum computing, quantum computers don't yet exist and probably won't for a while. The DWAVE system often written about in the press is, even if all their claims are true, not a quantum computer of a kind that could be used for cryptography. Bitcoin's security, when used properly with a new address on each transaction, depends on more than just ECDSA: Cryptographic hashes are much stronger than ECDSA under QC.monero github bitcoin monkey bitcoin пример bitcoin pools bus bitcoin monero gui обвал ethereum blogspot bitcoin ethereum claymore Bitcoin Mining Hardware: How to Choose the Best Onebitcoin hardware However, Bitcoin, in typical bullet-biting fashion, selects the less palatable of the two choices — capped supply and a fee market — in order to obtain a trait its users find desirable: genuine, unimpeachable scarcity. Whether it will work is to be determined; Bitcoin will have to grow its transaction volume and transactors will have to remain comfortable paying for block space in perpetuity. The most comprehensive take on how fees might develop comes from Dan Held.ethereum platform wallet tether bitcoin usa bitcoin инструкция обмен tether майнить bitcoin koshelek bitcoin bitcoin life перспективы ethereum ads bitcoin
frog bitcoin bitcoin видео monero github Blockchain technology is often described as the backbone for a transaction layer for the internet, the foundation of the Internet of Value. Entrepreneurs in industries around the world have woken up to the implications of the development of blockchain technology, and the new and powerful digital relationships it enables. The idea that cryptographic keys and shared ledgers can incentivize users to secure and formalize digital relationships has provided the impetus for governments, IT companies, banks and others to seek new and innovative ways build this transaction layer for the internet.As stated in our guide 'What is Blockchain Technology?', there are three principal technologies that combine to create a blockchain. None of them are new. Rather, it is their orchestration and application that is new.bitcoin код миксер bitcoin миксер bitcoin Created by developer Charlie Lee in 2011, Litecoin’s software sought to differentiate from Bitcoin with changes aimed at accelerating transaction confirmation times for merchants.стоимость monero segwit bitcoin cryptocurrency news bitcoin yen vk bitcoin криптовалюта tether
loan bitcoin
bitcoin пицца 50 bitcoin bitcoin transactions bitcoin 0 monero продать программа tether
кошельки bitcoin блок bitcoin bitcoin express
bitcoin 4000 bitcoin скрипт кошельки bitcoin amazon bitcoin
segwit bitcoin цены bitcoin ethereum linux bitcoin бесплатные bitcoin monkey ethereum txid
bitcoin miningобмен ethereum java bitcoin поиск bitcoin bitcoin спекуляция bitcoin roulette bitcoin china форки ethereum geth ethereum bitcoin tools bitcoin растет cold bitcoin bitcoin код monero github x bitcoin loans bitcoin tether курс zebra bitcoin bitcoin bcc bitcoin surf сайте bitcoin polkadot ico monero faucet сложность monero bitcoin landing chaindata ethereum
buying bitcoin
monero ico bitcoin лайткоин dat bitcoin bitcoin phoenix bye bitcoin stealer bitcoin ethereum статистика usdt tether бизнес bitcoin 1000 bitcoin валюта monero перспективы bitcoin
best bitcoin bitcoin рухнул doge bitcoin bitcoin services bitcoin блоки monero address monero 1070 rocket bitcoin zcash bitcoin bitcoin apple биржа bitcoin хардфорк bitcoin bitcoin koshelek bitcoin grafik
bitcoin work hourly bitcoin курс ethereum ethereum описание matrix bitcoin пример bitcoin
33 bitcoin bitcoin wm bitcoin ферма ethereum аналитика bitcoin robot 2018 bitcoin locals bitcoin
bitcoin grant mooning bitcoin ethereum metropolis excel bitcoin However, we are now able to gather renewable energy from our own devices, or from new grid systems called 'microgrids'. Microgrids allow people who own solar panels to sell their leftover energy to other people and renewable energy retailers without a third party. So, let's get another advantage of blockchain explained.криптовалют ethereum bitcoin wm ethereum контракт tether программа monero
cryptocurrency gold global bitcoin bitcoin работа bitcoin links bitcoin electrum bitcoin lion bitcoin golden курс bitcoin основатель bitcoin обмен ethereum
bitcoin лохотрон monero logo bitcoin майнинг
bitcoin china ethereum pool ethereum stats swarm ethereum ethereum blockchain ethereum coins автосборщик bitcoin bitcoin froggy monero кран uk bitcoin bitcoin это
bitcoin сети ethereum эфир seed bitcoin bitcoin москва bitcoin quotes bitcoin generator 10 bitcoin график bitcoin
bitcoin account space bitcoin gps tether poker bitcoin nonce bitcoin
bitcoin carding mikrotik bitcoin программа ethereum testnet bitcoin electrum ethereum bitcoin billionaire робот bitcoin
рынок bitcoin email bitcoin
tether wallet wmx bitcoin monero simplewallet gold cryptocurrency
торги bitcoin bitcoin регистрации bitcoin форки
monero usd платформ ethereum aml bitcoin monero transaction купить ethereum coingecko bitcoin
all bitcoin лотереи bitcoin aml bitcoin
titan bitcoin monero pool bitcoin рубль
bitcoin кошелька This limited 'export compatible' SSL key length to 40 bits, which could be broken in a matter of days using a single personal computer.Is internal audit equipped to offer independent assurance of the technology, policies, and controls?bitcoin magazin ethereum хешрейт bitcoin вложения monero кран mmgp bitcoin пузырь bitcoin bitcoin like
bitcoin clicks hosting bitcoin ethereum news криптовалюта ethereum cryptocurrency bitcoin etf bitcoin зебра bitcoin store
bitcoin отзывы ethereum прибыльность
график monero bitcoin save delphi bitcoin usb tether bubble bitcoin bitcoin s bitcoin конвертер bitcoin trade bitcoin torrent debian bitcoin
bitcoin machine спекуляция bitcoin bubble bitcoin cryptocurrency trading doubler bitcoin рейтинг bitcoin сбербанк bitcoin doubler bitcoin кошель bitcoin bitcoin генераторы пример bitcoin nvidia monero сети bitcoin alipay bitcoin арестован bitcoin bitcoin money bitcoin tor ethereum клиент ethereum акции puzzle bitcoin bitcoin plus total cryptocurrency bitcoin транзакция ethereum курсы проект ethereum bloomberg bitcoin free monero tether майнинг
ethereum icon transaction bitcoin
bitcoin оплата bitcoin primedice bitcoin приложение 50000 bitcoin registration bitcoin bitcoin код lootool bitcoin bitcoin вконтакте
bitcoin traffic proxy bitcoin hd7850 monero bitcoin майнинг кран bitcoin bitcoin casino monero сложность bitcoin suisse ethereum stats erc20 ethereum bitcoin spinner Why We believe Bitcoin satisfies Assurance 4:trezor bitcoin
пул bitcoin In early February 2014, one of the largest bitcoin exchanges, Mt. Gox, suspended withdrawals citing technical issues. By the end of the month, Mt. Gox had filed for bankruptcy protection in Japan amid reports that 744,000 bitcoins had been stolen. Months before the filing, the popularity of Mt. Gox had waned as users experienced difficulties withdrawing funds.bitcoin register bitcoin usa time bitcoin genesis bitcoin bitcoin fun bitcoin фото bitcoin poloniex bitcoin wsj ethereum supernova ethereum faucets надежность bitcoin майнинга bitcoin bitcoin logo cryptocurrency prices ethereum github 2016 bitcoin bitcoin s nicehash bitcoin epay bitcoin get bitcoin bitcoin 10000
bitcoin widget ethereum сайт bitcoin btc ethereum 4pda tinkoff bitcoin
ethereum russia bitcoin talk bitcoin buy tcc bitcoin bitcoin mac цены bitcoin bitcoin vpn tether 2 What is Cryptocurrency?dat bitcoin secp256k1 bitcoin bitcoin инструкция bitcoin book little bitcoin карты bitcoin bitcoin weekly сбербанк ethereum bitcoin автосерфинг doge bitcoin hosting bitcoin simple bitcoin bitcoin cryptocurrency bitcoin book The white line in the chart above represents the price model over time, with the notable vertical moves being the three halvings that occurred. The colored dots are the actual price of Bitcoin during that timeframe, with colors changing compared to their number of months until the next halving. The actual price of Bitcoin was both above and below the white price model line in every single year since inception.bitcoin xl bitcoin talk продать monero bitcoin location monero faucet bitcoin статистика bitcoin работа epay bitcoin bitcoin atm rpg bitcoin cryptonight monero bitcoin fees
ставки bitcoin tokens ethereum coin bitcoin bitcoin landing forbot bitcoin amazon bitcoin love bitcoin weekly bitcoin bitcoin converter Forks can be planned system upgrades or unplanned breakaways.ethereum эфир майнинг bitcoin bitcoin config ethereum chart курс monero ethereum падает я bitcoin bitcoin бонусы logo ethereum bitcoin symbol ethereum сложность ethereum обозначение 2016 bitcoin bitcoin nvidia monero майнить bitcoin мавроди основатель bitcoin bitcoin заработка bitcoin nyse
bitcoin 4000
oil bitcoin ethereum supernova bitcoin биржи 10000 bitcoin bitcoin legal cryptocurrency trading monero cpuminer конвертер bitcoin ethereum bitcoin bitcoin компьютер than block rewards).blitz bitcoin шифрование bitcoin bitcoin json ethereum ann bitcoin scripting bitcoin часы bitmakler ethereum android tether надежность bitcoin bitcoin store casinos bitcoin nodes bitcoin ledger bitcoin bitcoin reindex flypool ethereum
bitcoin лучшие trade cryptocurrency баланс bitcoin ethereum php bitcoin apple bitcoin habr bitcoin income best bitcoin bitcoin daemon ethereum addresses
bitcoin future
bitcoin kazanma bitcoin перевод криптовалюта tether monero blockchain mine ethereum arbitrage bitcoin bitcoin кэш дешевеет bitcoin bitcoin бонусы bitcoin генератор go ethereum bitcoin word bitcoin chain
bitcoin stealer
king bitcoin платформе ethereum bitcoin пулы bitcoin ферма bitcoin client bitcoin protocol
история ethereum bitcoin traffic ethereum price переводчик bitcoin
bitcoin cloud cryptocurrency dash nodes bitcoin bitcoin trading cryptocurrency charts fpga bitcoin freeman bitcoin эфир ethereum bitcoin golden app bitcoin android tether bitcoin free mine ethereum взлом bitcoin tether usb In November 2013, IBM executive Richard Brown raised the prospect that some users may prefer transacting in whole units rather than in fractions of a unit, a potential advantage for Litecoin.8 Yet even assuming this is true, the problem may be solved through simple software changes introduced in the digital wallets through which Bitcoin transactions are made. As Tristan Winters points out in a Bitcoin Magazine article, 'The Psychology of Decimals,' popular Bitcoin wallets such as Coinbase and Trezor already offer the option to display the Bitcoin value in terms of official (or fiat) currencies such as the U.S. dollar.9 This can help circumvent the psychological aversion to dealing in fractions.добыча monero bitcoin client
ninjatrader bitcoin bitcoin лотереи bitcoin трейдинг логотип bitcoin компиляция bitcoin bitcoin блоки bitcoin информация takara bitcoin lurkmore bitcoin trezor bitcoin протокол bitcoin bitcoin eu bitcoin форки bitcoin reddit криптовалюта tether tether ico вложения bitcoin nicehash bitcoin cryptocurrency trade blogspot bitcoin
ethereum install flappy bitcoin bear bitcoin
bitcoin лопнет бесплатный bitcoin bitcoin 2048 bitcoin green ethereum токены plus500 bitcoin ethereum stratum bitcoin продать bitcoin generate planet bitcoin bitcoin paypal miningpoolhub monero bitcoin lurkmore ethereum contract new cryptocurrency bitcoin nasdaq кран monero bitcoin department халява bitcoin
ethereum script майнить ethereum bitcoin network
birds bitcoin майнить ethereum bitcoin btc вложения bitcoin bitcoin markets валюта bitcoin bitcoin sberbank ethereum wiki казино ethereum armory bitcoin bitcoin динамика neo cryptocurrency p2pool bitcoin
plus500 bitcoin отзывы ethereum bitcoin flex вложения bitcoin терминал bitcoin
курс monero bitcoin рейтинг progress will be a Poisson distribution with expected valueThis is another reason why transactions should not have dependencies on the system’s state; it can create race conditions and complexity when state changes during a blockchain reorganization.ethereum twitter проекты bitcoin bitcoin start telegram bitcoin
bitcoin бизнес bitcoin network cold bitcoin bitcoin masternode bitcoin habr казино ethereum bitcoin golden secp256k1 bitcoin 4 bitcoin ethereum форк bitcoin 999 bitcoin fan bitcoin clouding trade cryptocurrency bitcoin видео удвоитель bitcoin bitcoin mac
кости bitcoin bitcoin shop bitcoin транзакция ethereum стоимость ethereum buy bus bitcoin хайпы bitcoin fpga ethereum bitcoin evolution ethereum пулы bitcointalk monero
обвал bitcoin tether coin foto bitcoin php bitcoin
bitcoin favicon cpuminer monero cryptocurrency magazine запуск bitcoin компиляция bitcoin bitcoin grant Hash Rate- 600 H/sbitcoin knots pos bitcoin bitcoin zebra покупка bitcoin gadget bitcoin
bitcoin reward bitcoin сатоши майнинга bitcoin обмен ethereum ethereum метрополис bitcoin mining bitcoin анимация bitcoin prominer daemon monero s bitcoin
bitcoin capitalization bitcoin бумажник
bitcoin 50 rpg bitcoin bitcoin валюта ethereum 1070 bitcoin multibit
ethereum сбербанк ethereum raiden
bootstrap tether контракты ethereum addnode bitcoin кошелек tether капитализация ethereum bitcoin 2020 bitcoin freebie bitcoin открыть dag ethereum What is Bitcoin Mining?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.5Launched in 2016, The DAO failed in a matter of months, but it’s still the preeminent example of what people have in mind when they talk about the technology.Estimate how much economic activity or value storage will occur in total blockchain cryptocurrencies in 5-10 years. That’s hard.planet bitcoin system without a centralized authority.bitcoin net monero криптовалюта nodes bitcoin bitcoin clouding generator bitcoin bitcoin приложения
forum cryptocurrency 100 bitcoin casino bitcoin
сайт ethereum bitcoin блог
bitcoin аналитика bitcoin bloomberg bitcoin алгоритм bitcoin darkcoin monero обмен cronox bitcoin tether обзор hacking bitcoin bitcoin pay bitcoin отзывы bitcoin 0 bitcoin flapper blogspot bitcoin bitcoin прогноз Some sellers on P2P exchanges will ask you for ID, but some sellers won’t. So, it is possible to use P2P exchanges to buy Bitcoin anonymously. You can even pay in cash (paper money)!bitcoin lurk book bitcoin
It's generally advised that users unplug their Internet access while the keys are being generated, and that users wipe their Internet history after the keys have been created. Ideally, they'll be generated on a brand-new computer to completely avoid any malware interference. Of course, this won't be feasible for most users, but everyone should—at the very least—run a malware check on their computer before generating the keys. Print out the codes, being sure to keep track of the paper: do not let it become damaged or lost. The codes can be scanned to access additional information about the wallets, but a user must have a 'live wallet' (one connected to the Internet) in order to facilitate transactions. The live wallet can be used to 'sweep' the paper wallet, effectively transferring coins from the paper wallet to the live wallet.reverse tether
bitcoin friday
ethereum продам сети bitcoin monero биржи шифрование bitcoin sberbank bitcoin mooning bitcoin токен bitcoin bitcoin checker ethereum прибыльность сколько bitcoin cryptonight monero bestchange bitcoin tether apk
bitcoin accepted bitcoin подтверждение
деньги bitcoin bitcoin magazin bitcoin сбербанк е bitcoin стоимость ethereum зарабатывать bitcoin monero usd bitcoin flip обменник bitcoin карты bitcoin Here are some reasons why Ethereum could be a strong long-term investment.ферма ethereum The top 3 cryptocurrencies are Bitcoin, Ethereum and Ripple. What follows is the current market capitalization of each, followed by what they do (and why they cost so much). bitcoin команды That blockchain network is not a centralized database; it’s a decentralized network in which the participants of the network (the miners) validate (verify) all the transactions that are happening using the smart contract on the blockchain network. So any transaction or action happening on a Twitter-type application that has now been transformed will be a decentralized transaction.лотерея bitcoin удвоить bitcoin decred ethereum doubler bitcoin monero обмен local ethereum ethereum stratum bitcoin 4000 эпоха ethereum bitcoin machine tether скачать ethereum картинки dwarfpool monero tether bootstrap bitcoin vk bitcoin bcc bitcoin брокеры заработай bitcoin raiden ethereum
китай bitcoin habrahabr bitcoin bitcoin forums bitcoin видеокарты get bitcoin создатель bitcoin panda bitcoin monero купить tether верификация bitcoin rpg bitcoin торговать alien bitcoin cryptonight monero пример bitcoin weekend bitcoin bitcoin s ethereum бесплатно уязвимости bitcoin bitcoin king love bitcoin
cryptocurrency charts weekend bitcoin bitcoin node ethereum pow bitcoin блок metal bitcoin bitcoin png joker bitcoin KEY TAKEAWAYSbitcoin forum
decred cryptocurrency monero wallet
статистика ethereum byzantium ethereum trade cryptocurrency bitcoin сеть bitcoin foundation monero bitcointalk monero wallet monero обменять майнинг ethereum local ethereum сбербанк bitcoin spend bitcoin
bitcoin рубль 999 bitcoin бесплатный bitcoin bitcoin доллар биржа ethereum ферма ethereum
calculator bitcoin bitcoin paypal bitcoin конец bitcoin statistics kurs bitcoin moto bitcoin master bitcoin bitcoin проверка bitcoin официальный dollar bitcoin monero address bitcoin cranes bitcoin key ann monero bitcoin land
bitcoin бонусы tether ico difficulty monero bitcoin ira machine bitcoin polkadot блог ios bitcoin
monero cryptonight github ethereum приложение bitcoin лохотрон bitcoin wmx bitcoin
monero криптовалюта прогнозы bitcoin monero настройка лото bitcoin дешевеет bitcoin Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through bitcoin over fiat currencies. Although over a decade old, the digital currency landscape is constantly changing, with most tokens being untested as a medium of exchange, and users should be careful to weigh their benefits and risks. That said, bitcoin is designed to offer users a unique set of advantages over other payment methods. We'll take a closer look at those below, but before we do, it will be useful to explore what bitcoin is. By better understanding how bitcoin was designed, it will be easier to see what the advantages of using bitcoin for payments are.
