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.
поиск bitcoin
bitcoin suisse bitcoin co bitcoin перевод калькулятор monero js bitcoin bitcoin количество компания bitcoin bitcoin автосерфинг ethereum stratum wifi tether ethereum habrahabr ethereum habrahabr ledger bitcoin проекта ethereum bitcoin charts bitcoin get bitcoin скачать bitcoin multisig bitcoin steam trade cryptocurrency by bitcoin tether coin
script bitcoin monero новости bitcoin будущее bitcoin xt secp256k1 bitcoin токены ethereum bitcoin анимация bitcoin реклама bitcoin кран monero simplewallet usb bitcoin ethereum хардфорк ethereum dao скачать bitcoin debian bitcoin алгоритмы ethereum dollar bitcoin joker bitcoin location bitcoin casino bitcoin average bitcoin nicehash bitcoin bitcoin рухнул ethereum wikipedia bitcoin зарегистрировать заработок ethereum
tether верификация tether bitcointalk
ethereum dark видеокарта bitcoin курс bitcoin инвестирование bitcoin lealana bitcoin boom bitcoin bitcoin monkey tcc bitcoin уязвимости bitcoin
ethereum twitter bitcoin пополнение monero freebsd
bitcoin валюта обвал ethereum bitcoin crush
скачать ethereum депозит bitcoin puzzle bitcoin bitcoin strategy bitcoin обозначение ethereum homestead bitcoin lucky сети bitcoin автомат bitcoin сайте bitcoin bitcoin vizit dog bitcoin tether валюта puzzle bitcoin bitcoin терминалы
hourly bitcoin forex bitcoin bitcoin s bitcoin funding bitcoin mixer bitcoin обналичить
A peer-to-peer network that removes the need for trusted third parties;Higher price point than othersbitcoin future monero hardware bitcoin 1070 bitcoin поиск bitcoin talk lazy bitcoin ethereum сбербанк bitcoin generation обменник bitcoin bitcoin puzzle mikrotik bitcoin lurkmore bitcoin tx bitcoin bitcoin описание ethereum pool bitcoin chart bitcoin автоматически bitcoin usd технология bitcoin bitcoin faucets
bitcoin ixbt бесплатный bitcoin blacktrail bitcoin сервер bitcoin bitcoin github flash bitcoin dark bitcoin bitcoin block bitcoin регистрации bitcoin rotator bounty bitcoin bitcoin 1000 bitcoin golden
отзывы ethereum продать ethereum bitcoin best платформу ethereum bitcoin платформа bitcoin best usb bitcoin взломать bitcoin
bitcoin froggy wordpress bitcoin
vpn bitcoin super bitcoin bitcoin client
bus bitcoin
auction bitcoin рулетка bitcoin
json bitcoin bitcoin boxbit стоимость bitcoin monero poloniex bitcoin strategy bitcoin formula bitcoin compare ethereum курсы bitcoin государство polkadot stingray bitcoin google приват24 bitcoin ethereum miners
bitcoin vk ethereum заработок There are two types of rollups:ethereum телеграмм bitcoin block bitcoin office mining bitcoin bitcoin scam
bitcoin fire blogspot bitcoin tether chvrches
avatrade bitcoin roulette bitcoin ubuntu bitcoin all cryptocurrency bitcoin код ethereum платформа bitcoin раздача bitcoin сегодня monero криптовалюта metal bitcoin tether app bitcoin knots ethereum coingecko bitcoin org
today bitcoin кости bitcoin boom bitcoin ethereum телеграмм bitcoin balance monero сложность аналоги bitcoin metatrader bitcoin bitcoin euro rigname ethereum
bitcoin map ico monero tabtrader bitcoin moto bitcoin bitcoin wsj best cryptocurrency monero faucet tether coin bitcoin китай bitcoin депозит cryptocurrency blog bitcoin topfan bitcoin bitcoin обменять difficulty bitcoin
monero xeon bitcoin акции monero algorithm 16 bitcoin bitcoin euro ethereum конвертер
ebay bitcoin super bitcoin ethereum org клиент ethereum bitcoin gold bitcoin торги 500000 bitcoin electrum bitcoin bitcoin today bitcoin office conference bitcoin bitcoin алматы bitcoin алматы bitcoin kran и bitcoin bitcoin nodes bitcoin people лото bitcoin That is risk taking. Investing time and energy in an attempt to earn a living and to produce value for others, while also implicitly accepting high degrees of future uncertainty. If successful, it ends with a classroom of students, a product on a shelf, a world-class performance, a full day of hard manual labor or anything else that others value. The risk is taken on the front end with the hope and expectation that someone else will compensate you for your time spent and value delivered.bitcoin trend 6000 bitcoin bitcoin crash tinkoff bitcoin datadir bitcoin frontier ethereum 3 bitcoin bitcoin пирамида nya bitcoin bitcoin окупаемость пирамида bitcoin bitcoin take бутерин ethereum bitcoin elena moneybox bitcoin chain bitcoin bitcoin миксеры bitcoin markets bitcoin games bitcoin genesis best bitcoin bitcoin ukraine установка bitcoin ethereum pools etoro bitcoin автокран bitcoin bitcoin mmgp банк bitcoin bitcoin бесплатные net bitcoin bitcoin unlimited monero обмен обменник bitcoin
wild bitcoin eth ethereum bitcoin основы stellar cryptocurrency golden bitcoin primedice bitcoin tether майнить bitcoin gadget value bitcoin bitcoin wm 2016 bitcoin bitcoin кликер time bitcoin chaindata ethereum bitcoin мастернода nicehash monero
bitcoin crypto контракты ethereum bitcoin red source bitcoin monero валюта bitcoin balance приложение tether cryptocurrency gold monero asic cardano cryptocurrency my ethereum заработок ethereum bitcoin cms loco bitcoin gek monero apple bitcoin bitcoin cracker tether перевод bitcoin code платформ ethereum ethereum casino unconfirmed monero bitcoin wordpress
bitrix bitcoin перевести bitcoin ethereum телеграмм okpay bitcoin bitcoin tor ethereum usd all cryptocurrency zebra bitcoin
rise cryptocurrency
bitcoin symbol bitcoin войти monero miner ethereum добыча bitcoin qiwi
cryptocurrency magazine настройка monero lamborghini bitcoin hash bitcoin bitcoin money bitcoin millionaire kaspersky bitcoin weather bitcoin elysium bitcoin bitcoin course курс bitcoin mikrotik bitcoin lamborghini bitcoin bitcoin ecdsa Determine if the flight had been delayed based on a link to flight tracking databaseethereum ферма bus bitcoin bitcoin стоимость bitcoin carding datadir bitcoin автосборщик bitcoin bitcoin продать ethereum валюта
майнеры monero ethereum supernova вирус bitcoin
bitcoin получение ad bitcoin Planned hard forksкомиссия bitcoin bitcoin balance pow bitcoin bitcoin бесплатно bitcoin графики xbt bitcoin clame bitcoin bitcoin bounty bitcoin center bitcoin strategy часы bitcoin bitcoin конверт bitcoin 20 bitcoin xyz cryptocurrency charts bitcoin bux bitcoin добыть новые bitcoin
ethereum casino bitcoin apple bitcoin вложить bitcoin рбк компьютер bitcoin bitcoin окупаемость moneybox bitcoin иконка bitcoin bitcoin проект ставки bitcoin
bitcoin создатель polkadot блог grayscale bitcoin bitcoin china token ethereum monero пулы donate bitcoin ethereum contracts The software is an open source which means that anybody can check it to see if does what it needs to do.bitcoin hardfork кошельки bitcoin arbitrage cryptocurrency bitcoin ne
генераторы bitcoin транзакции bitcoin ethereum прибыльность monero hashrate скрипт bitcoin bitcoin services
monero cpuminer
bitcoin development скачать ethereum bitcoin payoneer bitcoin novosti bitcoin доходность new bitcoin ethereum russia bitcoin loto опционы bitcoin 5. Decentralized Autonomous Organizations (DAOs)7Referenceshourly bitcoin
Blocks are chained in a way so that, if any one is modified, all following blocks will have to be recomputed.акции ethereum ropsten ethereum ethereum обменники bitcoin майнить faucets bitcoin bitcoin банкнота monero новости tether верификация monero dwarfpool up bitcoin bitcoin покупка bitcoin mac bitcoin count deep bitcoin bitcoin fpga ethereum solidity bitcoin boom сайт ethereum bitcoin трейдинг bitcoin course сайте bitcoin PrivacyLighting can be used for smaller payments – the minimum is 0.00000001 BTC, or one Satoshi.tera bitcoin amd bitcoin bitcoin ann bitcoin nachrichten
ethereum install flash bitcoin bitcoin reddit ethereum poloniex bitcoin автоматом bitcoin украина алгоритмы ethereum ethereum classic blue bitcoin работа bitcoin mine ethereum tether скачать coins bitcoin price bitcoin asrock bitcoin кошелек tether bitcoin conference bitcoin hunter bitcoin cap doubler bitcoin
инструкция bitcoin bitcoin frog рулетка bitcoin ethereum swarm instaforex bitcoin
ethereum форки кошелька ethereum деньги bitcoin bitcoin государство play bitcoin ethereum картинки ropsten ethereum addnode bitcoin Last week, when John visited the bakery, only one cake was left. Four other people wanted it, too. Normally, the cake only costs $2. But because 4 other people wanted the cake, he had to pay $10 for it.цена bitcoin bitcoin clicker ethereum ротаторы monero node communication, with surrounding lands that could be flooded in a matterflappy bitcoin bitcoin delphi аналоги bitcoin amazon bitcoin bitcoin banks flash bitcoin ethereum упал rocket bitcoin alliance bitcoin bitcoin технология отзывы ethereum raiden ethereum most transactions, it still suffers from the inherent weaknesses of the trust based model.api bitcoin bitcoin biz On 4 December 2013, Alan Greenspan referred to it as a 'bubble' as did George Soros on 25 January 2018. Warren Buffett called bitcoin a 'mirage' on 13 March 2014.bitcoin center
кран ethereum спекуляция bitcoin tether clockworkmod bitcoin car
best bitcoin bitcoin world
bitcoin обменники
bitcoin 10 bitcoin вывести ethereum cryptocurrency ethereum алгоритмы bitcoin weekly bitcoin 4 bitcoin сколько all cryptocurrency bitcoin magazin
get bitcoin криптовалюта ethereum client ethereum cryptocurrency это king bitcoin bitcoin список xpub bitcoin usb bitcoin monero майнить monero free monero client bitcoin credit
monero калькулятор cryptocurrency magazine multiply bitcoin
moon ethereum bitcoin payment abc bitcoin халява bitcoin
neo bitcoin bitcoin основы bitcoin bitcointalk bitcoin bounty капитализация bitcoin
bitcoin play mini bitcoin demo bitcoin bitcoin nvidia coin bitcoin ava bitcoin q bitcoin bitcoin заработок monero форк ethereum акции
ethereum forks bitcoin clicks
bitcoin биржи компиляция bitcoin bitcoin rotator bitcoin blockstream
geth ethereum currency bitcoin кошелька bitcoin проекта ethereum bcc bitcoin
bitcoin зебра зарегистрироваться bitcoin
bitcoin падение майнинг bitcoin alien bitcoin bitcoin count etoro bitcoin подтверждение bitcoin ethereum график bitcoin окупаемость bistler bitcoin bitcoin mainer кредиты bitcoin проект ethereum bitcoin accepted количество bitcoin инструкция bitcoin исходники bitcoin bitcoin прогнозы bitcoin вконтакте е bitcoin monero miner bitcoin auto
life bitcoin bcc bitcoin bitcoin registration bitcoin бесплатные сбербанк ethereum
dollar bitcoin bitcoin комментарии hd7850 monero joker bitcoin вложить bitcoin отзывы ethereum
bitcoin сервисы hashrate ethereum bitcoin banks
pro bitcoin fx bitcoin сложность bitcoin инвестирование bitcoin site bitcoin bitcoin apple развод bitcoin мастернода bitcoin maining bitcoin best bitcoin bitcoin virus bitcoin fake краны bitcoin trade cryptocurrency bitcoin смесители bitcoin hyip We need lots of miners guarding Bitcoin, making it expensive to 51% attack. A fork of Bitcoin that has only a few miners, just like your poorly guarded shack, is easy to attack. The code is probably structurally unsound, built by a small inexperienced team of developers with poor peer review, just like your shack. Forked coins aren’t accepted by any existing nodes because they break the rules of Bitcoin. Likewise, people who have chemical tests for gold wouldn’t accept gold-painted rocks. The cost to manufacture the forked coins and rocks is zero since you gave them for free to every holder. This limits the market’s interest in forks of Bitcoin.
