what is litecoin cryptocurrency
Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released in October 2011 by Charlie Lee. It is the second generation of the Cryptonote protocol, succeeding Bitcoin. Unlike most cryptocurrencies, Litecoin has a limited supply of only 84 million coins. This makes it more useful as a medium of exchange than a store of value.
Litecoin was forked from bitcoin on October 10, 2013 to create an independent blockchain with identical technology and all previous bitcoin balances. Litecoin uses scrypt as its hashing algorithm instead of SHA256 which makes it up to 70% faster than Bitcoin and 40% slower than Etherium. This makes Litecoin much more scalable and able to handle much higher transaction volumes.
What do you think about Litecoin?
It’s the fastest growing coin on earth and it has more than doubled in value in less than one month. But is it a good investment? Is it going to continue to go up in value? Let’s find out! First, I want to say that I have absolutely no connection to Litecoin whatsoever. I’m not a member of their “Coin Club” or anything like that.
I am simply someone who has been reading a lot about this exciting new coin and wanted to see if there was any merit to investing in it.
So, I started doing some research. What I discovered is that this little-known (actually, it’s very well known) coin was created by a man named Charlie Lee. He’s actually the inventor of “Lite” which is the name of his coin. Here’s what makes Litecoin different from other coins: 1. It’s the only coin that can be divided into 100 million units called “Satoshis”. Each Satoshi is equal to one hundredth of one cent. That means you can buy a whole lotta Litecoins with the change in your pocket!
Do you think it will become as big as Bitcoin?
I don’t know. I certainly hope so. But, there’s no way to know until we give it a try. So, here’s what I’m going to do. I am NOT going to write any more about this project until the 30th of June.
By then, you’ll be able to read all about it if you want to. But, if you don’t… well… you won’t be left in the dark. You’ll at least have a chance to read all about it before anyone else.
Is it safe to invest in Litecoin?
Just like any other investment, you should only invest money in something that you are completely passionate about. If you are not completely passionate about Litecoin, then don’t invest in it. However, if this is the case for you, then you need to seriously consider investing in Litecoin. Why? Simply because… It Is The Fastest Growing Cryptocurrency In The World!
Hi, I'm Shahnawaz.
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Litecoin was created by a man named Charlie Lee. He originally created Litecoin to be an alternative to Bitcoin. However, due to the success of Litecoin, people now see it as an alternative to every other cryptocurrency on earth. Today, Litecoin is the 4th largest cryptocurrency in the world. It has also been one of the best performing cryptocurrencies over the past few years. If you have read any of my other newsletters, then you already know I am completely passionate about making as much money as humanly possible.
Will Litecoin ever be worth more than $1,000.00 per coin?
1. I think it’s inevitable. Once the dust settles from all this “crypto-boom” and “bubble-blowing”, I believe Litecoin will be one of the few survivors. It has several advantages over Bitcoin:
2. Litecoin has a much faster transaction time (about 3.5 minutes as opposed to 10 minutes for Bitcoin).
1. This is important because it allows merchants to process payments much faster which in turn means customers get their orders processed faster and thus happier.
2. There are currently about 3.2 billion people on this planet who have no access whatsoever to the global financial system. These people are mostly in Africa, Asia and Latin America. They represent an enormous untapped market for almost every legitimate businessperson in the world.
What is your opinion of Charlie Lee, the creator of Litecoin?
I think he’s a genius. In fact, I think he’s so brilliant that I want to give him a huge gift (just like Einstein gave him an invaluable gift by naming him “The Father of Litecoin”) and ask him what he thinks about me giving him the most precious gift of all… My Time! What would you say to someone who said he didn’t believe you?
how to buy litecoin cryptocurrency
1. with paypal “…And I think you’re gonna love this one because it’s a genuine hot deal! Here’s the story: A guy calls me up and says he’s got this website he thinks I’ll really like. So, I go to the site and… BOOM!… It’s another one of those “amazing” deals where you can buy a really expensive book for less than $
2. This one is different.
This one is an e-book. An electronic book. And, it’s 100% free! All you have to do is click on the link below (it’s real and it will take you right to the page) and enter your name and e-mail address and then… Voila!… You’ll immediately receive a message with a link to download the e-book. The e-book is called:
how to sell litecoin ?
this is a question i get asked quite often. and the answer is simple… if you want to sell litecoin, all you have to do is offer to buy more of it at a higher price! and that’s all there is to it. if you can figure out a way to offer to buy more litecoin at a higher price than anyone else… then…
1. YOU will make a lot of money by selling litecoin! here’s an example: let’s say someone is selling litecoin for $
2.00 per coin. let’s say you come along and you offer to buy 1000 coins for $11,
3.00 (you’ll have to pay with a credit card).
1. remember, this person is only willing to sell 1000 coins for $
2.00 apiece. so, since you’re offering to pay more than he is, he will be forced to increase his price. how much more will he raise his price? just enough to equal your offer. in this case, that would be $
3.00 apiece or $
4.00 per thousand. thus, since you are offering to buy 1000 coins at $
5.00 apiece, he will have to charge you $
6.00 per thousand for the privilege of selling you those 1000 coins.
1. and since there are 36,000 litecoins in a million, he will have to charge you $
2.20 per litecoin. so, in this case, if you buy 1000 coins from him at $
3.00 apiece, you will end up paying $
4.60 per thousand for those litecoins. and that means… You Will Make A Profit Of $
5.40 Per Thousand On Each LTC You Sell! that’s it… plain and simple… make an offer to buy more litecoin at a higher price… and then… sell the litecoin at the higher price… and… make a profit on the spread. however, this is NOT a sure thing. there are lots of pitfalls you must avoid. so, let’s discuss some of them.
6. don’t try to cheat the system. if you try to do anything sneaky like offering to pay with a check or money order, or by using an online payment service like PayPal, or by wiring money, or anything like that, then…
what is litecoin future prediction ?
It is the one and only website which gives you 100% accurate Litecoin Future Prediction. If you are looking for a website to make a profitable Litecoin investment, this is the website you should be visiting. Here is why: There is no other website which has more accurate Litecoin prediction than this website.
And, there is no other website which gives you more useful information than this website. This website was created by a man named David Reed who has made a 100% accurate Litecoin prediction on 10 different occasions. Each time he makes a prediction, he gives his reason for making that prediction. And, each time he explains his reason for making that prediction, it becomes clear to anyone with even half a brain why his prediction was correct.
where can i buy litecoin with paypal
You can buy Litecoins with PayPal at many of the same places you can buy other cryptocurrencies. In fact, one of the biggest online sellers of cryptos, Coinbase, lists LTC among their payment methods. Here’s what it’s like to purchase Litecoins on Coinbase: As you can see, it’s easy as pie to purchase Litecoins on this site.
You’ll need to have an account with them. (Free here.) Then all you have to do is click the big green button that says “Buy Litecoins.” Then you’ll need to set up a payment method for your bank account or credit card. After that, all they require for you to do is enter your order details. And then, after about 10-minutes, they will send you your Litecoins via PayPal.
where can i buy litecoin with credit card
Litecoin is not a virtual currency. It’s a decentralized digital currency. There are no banks or any other type of middleman involved. This means you can use it to buy just about anything online with no one checking up on you. It’s also why litecoin is sometimes referred to as “the silver” to Bitcoin’s “gold”. In fact, one of the main reasons people choose to use litecoin over Bitcoin is because of the ability to use a credit card.
where can i buy litecoin with western union
Litecoins are not issued or backed by any government or any bank or any other financial institution. Therefore, you can sell them for fiat money (any kind of money that is issued by a government or a central bank) or another type of cryptocurrency such as Bitcoin, Etherium, or Ripple. You can use your local currency (fiat money), a credit card, or send your Western Union money transfer agent a check or money order. All you have to give them is the details about the sender (you) and the amount you want to send. The seller simply holds the payment while waiting for your instructions. When you give your instructions, the seller sends back to you either the coins you sent or else the equivalent value in another type of cryptocurrency. If you are using PayPal, you will be able to receive your coins immediately because PayPal has an instant payment option. If you are using a credit card, it could take up to five business days for the seller to receive your payment and then to ship your coins. There are many advantages to using Litecoins instead of regular old dollars when conducting online transactions.
how to make money with litecoin
There are many ways you can use Litecoin but one of the best ways is to buy some Litepay (LTCP) with your credit card, sell it for dollars on an online currency exchange, buy LTC with those dollars and then use it to buy more Litecoin or whatever else you want to spend it on.
This way you get paid in dollars on a currency exchange which has almost zero transaction fees. It’s like having money instead of dollars! Try it.
how to buy litecoin with a bank account
1. You can use your bank account to buy litecoin with any currency you wish. All you have to do is make an internet currency exchange (ICE) transaction from your bank account to our bank account. This will cost you about $
2.00 per transaction if you use an ICE that accepts US dollars. If you use another ICE, the fees may vary. For example, if you use Euro Coins for your transaction, it will cost you approximately
3.4% of the total amount of your transaction. That’s a small fraction of what you’ll actually pay when you use our service. And remember, you don’t even have to have cash in your bank account to use this method. If you don’t have a bank account, you can use your credit card to make the purchase. However, we must have some form of identification (such as a driver’s license or passport) to process your credit card transaction.
what is the difference between bitcoin and litecoin
There isn’t much of a difference. Litecoin was created as a “fun” alternative to Bitcoin. People who were fans of Bitcoin just for the sake of it created Litecoin. They gave it a small percentage of Bitcoins’ resources, which makes it really cheap to transact with, hence the name “lite”. Litecoin is also a P2P currency; this means it isn’t controlled by any government or bank. It has its own market cap of about $50 million, compared to Bitcoin’s $800
+ billion market cap. But, there’s one big difference: Litecoin has a maximum supply of 84 million coins, while Bitcoin has a maximum supply of 21 million. This means Litecoin is not an inflation hedge like Bitcoin is. Since Litecoin was created by a group of Bitcoin enthusiasts as a fun alternative, they decided to give it the same inflation rate as Bitcoin. But, they decided to give it a maximum supply of only 84 million, which is 4 times less than Bitcoin.