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Litecoin delivers 100,000,000th transaction today after 10 years of 100% uptime & constant user growth.
METRICS
The most frequent snarky comment I hear about litecoin is that it has no use case. My reply is always, then why are so many people using it?
It took just 3 months on bitpay.com/stats to exceed the transactions of every other altcoin on the platform, the top of which had multiple year headstarts to secure their leads. Coinatmradar shows litecoin has more atms than any other altcoin. The number of exchanges, payment processors, trusts, exchange traded projects, brokerages, direct retail relationships, point of sale terminals and many more alone tell the tale. Litecoin has the users.
The second most popular snarky comment is "well, it gets infrastructure just because it's old". It doesn't take a whole two brain cells to know that doesn't make sense. Namecoin is older than ltc, 10s of thousands of projects are pretty old, all dead or close enough. It's costly to build and maintain infrastructure and keep projects up to date on it, infrastructure providers take dead projects down, they don't keep adding them. Litecoin just keeps growing, thriving in infrastructure while some not dead projects struggle to get and keep basic infrastructure. All for the same reason... users matter.
My investment thesis inside and out of crypto is that ultimately investors follow users, even when they prefer not to. Quibi was an example of investors thinking they could force users into something no one wanted and many of you can probably think of other dumb VC wall street crap that didn't pan out. Right now, there is a growing contingent of that in crypto, pushed by the likes of mikey novogratz and other hedgies and vc dudebros.
Feel to play around there if you think you can get out before the exit scammers, but don't forget that in the longer run, what matters is network effect, from users, to infrastructure, and the deeper and broader those network effects, the harder they were to build, the longer they'll last and keep generating new growth.
For more questions about Litecoin, see this writeup I posted here a few months ago: https://np.reddit.com/r/CryptoCurrency/comments/r23ufg/litecoin_is_deep_clucking_value_an_exhaustive_and/
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OMG an LTC post!
Hurry, read it before it gets startled and runs away!
Don't run away.
Aaaaand… it’s gone.
See you next summer for the next LTC update.
My ancient LTC bag approves this post.
Litecoin panics and attempts to flee.
Litecoins are easily startled, but they'll soon be back, and in greater numbers.
Reader used moral support.
It was super effective!
*throws pokeball*
*breaks out of pokeball*
A wild litecoin has fled!
It’s because out of all the coins I can think of, Litecoin is the most widely accepted coin across pretty much every exchange that also has close to no fees. I’ve never held the coin for profit, but I can’t deny that it’s the best coin overall if you want to get your money out of crypto.
It’s like the sister coin of USDT/USDC.
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They are hard to find. I've had my own rack up 4 or 5 downvotes within a couple of seconds of posting before. Given the speed sometimes I think there are actual bots designed to reduce the visibility of litecoin posts. To get to the forntpage, or near it, you need not only upvotes, but a fair number in a short time frame, so the early downvotes are quite a headwind.
As a result, when litecoin is a part of major news stories like paypal, venmo, verifone etc etc etc, it tends to get left out of titles at least, if not actual text of posts as well b/c those without a dog in the fight don't want the downvotes for no reason, so they just post sans ltc.
its not a memecoin and its not in the top 10, so its really tough to have a decent conversation on LTC as the only discussion point is the future and current development of it.
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I think you're right. LTC is among the most decentralized networks, among the top in actual active addresses and network traffic. It's more expensive to manipulate than a less decentralized network in its bootstrapping phase so it probably doesn't inspire FOMO often. Since it basically peaked years ago, many are considered bag holders I think.
It could be the most popular privacy coin on-ramp this year. A lot don't realize LTC devs are still improving it.
Litecoin has a higher transactional volume potential than bitcoin and the cost of doing a transaction is very low and can scale to a higher volume with litecoin.
Someone call National Coinographic :)
I know, right? One of the things I love about Litecoin is that it's all cattle and no hat. Investors always notice that it's working and growing eventually each cycle, but it gets overlooked for long periods in between.
For the clever, that means more accumulation at lower prices on average before progress gets priced in than on other chains that price in more gradually and progress less to begin with.
Yessir. Remember when the point of crypto was decentralized ptp payments that were fast and cheap? LTC has done that for 10 years now. Newbs chasing 10x shill coins and NFTs will always pass it by, and that's cool with me.
LTC is dependable. Glad to see someone recognize it in this sub!
Okay I’m going all in now
😎 me after seeing a Litecoin post on r/all
🐔💪
Testimonial: I bought $100 in LTC and now it’s worth $126. To the moon!! 🚀🌝
(It only took 16 months!)
I bought it at 7$ the only other compelling buys I've had were eth and kda
Not bad, eh
That’s a down payment on a Lambo
I can't bring myself to sell my LTC, it might not be the best income generator, but damn it is useful!
Honestly LTC is one of my all time favorites. It’s so reliable and cheap to use. It’s akin to being the $20 bill of crypto🙌😎
That actually a pretty good analogy.
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Finally a LTC post, I love this new year
LTC will be around for another 10 years
Unlike most
As someone who has been mining litecoin for years thank you for this post, 🍻🥂 Happy new years
Happy New Years! 🥚🐣🐥 Thank you for the award as well!
As someone who buys and holds ltc I appreciate this lol. Don't see too many posts for it in here
Platinum 🤙
But does it bleed against Ethereum?
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I think he’s a major source of info for most people on this sub.
Yes.
In half the cycle, yes. In the other half of the cycle, ethereum tends to bleed against it. People have far too short a perspective, especially when dealing with longer term cryptos that didn't fall off the turnip truck yesterday.
Since mid 2019 LTC/ETH has gone from 0.56 to 0.0396.
I know! It was a great trade for me. From early 2017 to then it went from nearly 14 ltc per eth to 1.9 ltc per eth (or to invert roughly for comparability, from 0.072 to 0.56). ETH is having a particularly good relative run at the moment. That usually not the best time to bet on it.
There are a lot more cycles than most people realize. In the og cryptos especially.
Why is this getting downvoted? You can't bring long-term logic here, man!
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Yeah, if XLM is unavailable to withdraw, I usually choose LTC as an alternative.
XLM and LTC decided to grow up to be crabs it seems...
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Wow I had no idea Stellar had DEX's. That's so cool.
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Yeah LTC is what I always use to pay for goods since it's the cheapest to use.
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Litecoin is everywhere you want to be.
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I’m nostalgic about LTC. First coin I ever bought, still have it. It’s a memento of my humble beginnings.
If all anyone uses it for is moving funds between exchanges it won’t ever increase in value though - every buy is quickly followed by a sell.
Why not just use a a stablecoin on a non-Ethereum network? I usually use tUSDT between Binance and Kucoin - flat $1 fee with great liquidity on both sides.
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In next 2 week , LTC will pump,history will repeat .
Bullish on ltc
Have always been a supporter of Litecoin! Might not be flashy but its steady.
All cattle and no hat, I always say. Some people really want the hype, I want the substance. And most of my best investments, even in generally flashier cryptos have been amidst antihype, buying when there's blood in the streets and even hodlers are shook.
I think LTC is underrated and its time will come. Great to see LTC being mentioned in a positive way.
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Middle child's are many times the one's who end up doing shit in their life, though.
Working ten times harder for a fraction of the attention isn't fun, but it does sharpen the skillsets, strengthen the core. 🐔💪
Can confirm this is all true. Certified middle child.
For whatever it's worth, I'm a middle child.
All too often the investor class gets distracted by the shiny while the user class focus on what works. Litecoin's top tier security, accessibility, infrastructure, network effects, decentralization, and as the cherry on top, affordability, have given it a global network that allows it to stay warm even through cryptowinters that kill off most alts and tokens, and eventually the investor class is forced to reckon with it against their will. It had been left for dead in early 2017 too with a whole host of newer more beloved projects vying to replace and kill it, then 100x'd.
Litecoin does fly under the radar a lot, but it always gets its moment in the sun because users matter most.
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Alternatively if this is the price action you can expect from the project working perfectly 100% of the time, maybe it just isn’t good at capturing value.
Something can work perfectly without being a good investment.
Something can work perfectly without being a good investment but litecoin has a tendency to level up every cycle to serve more people than it could the prior cycle. It sat at $4 for ages across 2015/16 and early 17 before 100xing, and even after the 2018 bear market, it put in a new longer term support at $40.
I absolutely believe that in the next cycle, litecoin will crash down and find a steady support over a long haul around $400, at which point and multiples above it the investor class will again leave it for "dead". I won't say where I think it will crash down from though. I don't think anyone is ready for that.
Wow, great to see a Litecoin post on CC. 10 years of successfully pumping block after block without ever experiencing a network failure goes a long way. In reality, no other alt coin has survived as many bear markets and that says a lot.
That’s true, LTC has survived every single bear market. And people always shit on Charlie for selling off his coins, but it disassociated him from the project and removed any conflict of interest. He’s still out there, being a champion for crypto!
Yay a pro ltc post
Just get the yearly pro litecoin post in quickly
Now this is a gem. I can't remember the last time I saw something like this. It's refreshing. I guess this year will be full of surprises.
Hopefully good surprises this time! 🍻
Happy to see a LTC post.
Litecoin is resilient and fully decentralised. The price does not reflect the transaction volume.
The only crypto I’ve ever used to actually buy something is litecoin
Damn, never thought I'd see a ltc post
LTC is my oldest holding
Litecoin doing some heavy lifting
LTC 👍
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Don’t sleep on LTC with this newest upgrade releasing in January LTC could go parabolic
Finally some LTC love
A positive LTC post! Now this is a unpopular opinion!
I've said it s million time litecoin is a sleeping giant and of the best decentralised currency there is .
I have a small Litecoin bag from way back I was thinking of selling. After reading all these kind words, maybe I'll continue to hold it for a while.
Stack litoshis while you stack sats
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I choose LTC whenever shopping online and paying with Crypto. Only 0.001 LTC transaction fee from Binance. That's just 15 cents or around 15 rupees. I think it has potential to moon into the thousands, but people keep saying it is dead, I don't buy it, that's why I buy it (LTC)
Litecoin was the first crypto I tried to mine with a Nvidia graphics card and got me into crypto.
Been quite a few years since ltc/scrypt was meaningfully mineable with gpus. Are you a very old timer or were you on a profit switching pool where you could select different payout than what you mined?
That is great and should convince Stripe, Klarna and other payment gateways .
An astonishing milestone. Fuck the novogratz who despite being so rich thanks to crypto knows little about the tech behind
The shining lite in a sea of centralised, VC and influencer pumped shitcoins
🍻
LTC is one of those cryptos which logically should be worth way more than what they are right now IMHO
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My elderly bag of LTC whole heartedly agrees.
Litecoin was an OG, and it will rise again
undervalued
The steady Eddy of crypto. Good, bland, does what it says on the tin Litecoin.
Litecoin, XLM, and MATIC (for NFT creating for fun) are some of the only cryptos I have actually used.
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Didn’t expect to see that, nice write up
Oh ya? Well Solana has managed -- checks calendar -- two months of consistent uptime.
Litecoin is the baby brother everybody loves dearly but nobody talks about. Calls on Litecoin.
How did this LTC post get so many awards? Love me some LTC. Long time bag holder.
the community engagement even on twitter has increased so much. its definitely something to watch
let’s make a pact to hold strong in 2022 💪 been a holder since LTC’s inception & never second guessed my decision to hop on-board
LTC is my goto for buying and then transferring to exchanges and then converting to whatever i want. Long Live LTC
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How is it a deadcoin when every online shopping site that accepts crypto payments, accepts Litecoin too alongside Bitcoin?
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Ok, whoosh for me then!
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LTC broke my heart - well, not really. I had started to accumulate a big bag (relatively to my tiny budget) and finally decided to just move it over to Ethereum.
LTC ain't going nowhere (it's not dying), but it will have to move on without me. Wishing LTC holders much success.
I remember in 2019 when I reluctantly moved a lot of litecoin into ethereum. It was a tough trade, but as much as I have a particular warm spot for litecoin, I trade my own charts and targets with a lot of discipline, and litecoin will killing everything in the middle of that year, as it usually does at that stage of the cycle. The ltceth ratio was particularly enticing, eth was going nowhere fast. You could get 1 eth for just 3 ltc when my formation confirmed.
Now eth lacks the decentralization I love, but it does share very strong network effects with bitcoin and litecoin, so when it was that cheap, I couldn't resist. Good trade, though you wouldn't have known it from the eth trader sub I was in. Oh the moaning and crying from long time eth fans. I like to buy strong network effect assets when there are blood and tears in the streets. There's plenty of pain to be had for someone like me, but I don't even notice anymore, there's so much more gain.
It was actually far easier coming back to litecoin from ethereum with a nice multiple of coinage but to each their own, and I appreciate the wishes of success. I wish the same to you 🖖
LTC is ridiculously undervalued compared to the market right now.
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For the long run, to build and maintain infrastructure, become a part of the future of money, grow the user base, you gotta get the boring stuff right. Gotta be secure, gotta be reliable.
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Litecoin, my friend.
I use litecoin to transfer my money from one exchange to another because it’s relatively fast and really cheap. Then I turn it into some shitty alt coin.
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LTC has the bull by its horns.
LTC is super cheap to send and very safe price-wise as a temporarily store of value. It’s the ultimate cross exchange coin.
I've got my Litecoin as a permanent store of value. Working out ok so far, being 500% up 😁
And more. For people who live with unstable fiat currencies, unstable banking systems, unstable gov'ts, or simply are far away, forgotten and unserved by the centralized entities, litecoin provides a similar, but more needed service and is accessible to a fault, and safe and reliable in network terms as well. That stability is even more meaningful to the financially disenfranchised.
Excellent post - wholeheartedly agree. I want to be in a decentralised coin, not something pumped and dumped by rich people.
Still chugging along. I’m still holding my bag!
As the first post i’ve read of 2022, this is very bullish for LTC in my mind
Huge milestone. 100% agree with you on the first bit, if there was no use case nobody would be using it. Which is not the case.
If Bitcoin were to disappear tomorrow, LTC would be the only crypto with the network, trusted longevity and decentralization to take it’s place. This is without question. No other coin holds a flame.
LTC's nit getting much attention. Glad to see you post about it.
LTC is super underappreciated in here. I always use it to avoid paying big fees to exchange it for something else somewhere else. So cheap.
I always use ltc to move funds between exchanges. Cheap and quick.
LTC is underrated
For me LTC is that friend from your childhood who you know you can rely on to never let you down.
Apart from that time that you asked him to hold your money in 2018 and he looked you straight in the eye and gave you half back.
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People always downplay LTC, until it’s hitting it’s ATH again that is 😅
Fees are small and transactions happen in less than 1 minute sometimes for me, no more than 5ish usually. I like it but I'm an old head for crypto.
I'm either old or maybe I just feel old. A few years trading crypto is like a few decades elsewhere.
To be 100 litecoin is my go to when I move money across my wallets. Never worry about crazy gas fees or long transaction times. This should be the standard of a coin to start with to say the least. I have no complaints about my LTC unless we get into it’s gains and losses.
Litecoin is the only crypto I see used by my non-crypto friends. In the long term that will count for more than hype.
This is a fresh breath of air on this sub seeing a post about LTC.
price action aside, ltc 100% uptime is indeed impressive..
Value
I have bought back into LTC because it has never looked more bullish. This also confirms my bullish bias. I will continue to stack
I personally have never dabbled in lite coin but one of my best friends mined and sold enough early on to take a beach trip with his family. I was so impressed at the time. Had I only known then what I knew now haha
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I’m still buying LTC but I wanna see some signs of life .
I see life in the user base. I believe investors will follow and that we'll see life in the price too.
People won’t value blockchain correctly until they are forced to.
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a funcitional crypto with solid use history: LTC is the holygrail of crypto hiding in plain sight, we are all jumping over each other to get the next best hype coin while LTC sits there at a bargain price and shines in it's functionality and longevity
Well said.👍
Decentralization is a big deal in a world full of untrustworthy third parties
Boom. Suck it haters.
Too bad it's the most underperforming coin in my portfolio :(
That is indeed too bad. I believe the upside is strong, now more than ever. I advise people not to rely on my faith, but I do believe the signs are out there that good things are coming chikun's way.
Fellow LTC bag holder checking in.
Bought 300$ worth at 100$ per coin, and then bought 6 coins @350. I believe in the project 🤓🤓
Thanks for the link to your other article, interesting read.
I've always said it has its place in an integrated ecosystem.
Congratulations on Litecoin and all of those who invested in it. Hope you the best
Wow
I love this crypto currency here fast and not too expensive to earn passive income .
I genuinely think Litecoin will still be here when a lot of the current "hot" coins have gone. It's development focused, has the name and network and people use it. It might not be hot right now but that matters little in the long term.
I've seen that play out with my own eyes once, and read about cycles before my time where it happened.
Litecoin has forgotten more cryptowinters than most tokens will ever see. And the ability to thrive through those hard times are a big part of how it manages the key goal of adoption while so few others do.
Litecoin will be adopted by countries alongside bitcoin. PayPal and El Salvador is proof of this! Hand in hand they are changing monetary history
🤍🚀🤍
LTC’s use comes from it being widely accepted because of its age. The concern for its future is that as other coins also gain acceptance it loses that edge. It’s slower and more expensive than most new alt coins, acceptance is all it had right now.
Before it’s brought up, BTC is synonymous with crypto for a huge majority of the population, even non crypto people. LTC doesn’t have that
It's all a trade offs game. Litecoin is faster and cheaper than Bitcoin, but slower than some PoS coins at the expense of being much more decentralized than these PoS platforms. The PoS coins you may be talking about are for the most part very centralized, heavy VC/early investor funded, and accompanied by technical flaws (how many times has Solana gone down now)? Litecoin is simple, yet it just works and has flawlessly for a decade now.
Users come to litecoin because it has the right blend of features and accessibility, not any one element. Bitpay has offered other altcoins for years in advance of adding litecoin, but litecoin still kicked all their asses in just 3 months after being added. Bitcoin is still on top, and litecoin has always worked to help bitcoin, not compete with it, that's part of the reason litecoin has outlived so many other cycles full of new hotnesses that people always think will displace litecoin and never do. That, and the adoption.
Where did all these LTC fans come all of a sudden. LTC is my biggest bag and I will always stand by it
I still have my 2017 LTC bag sitting on a shelf swinging its legs and just waiting for a chance to be called up. The little coin that could.
Pretty freaking solid.
I only really use LTC when I gamble on a crypto casino - withdrawal fees are minuscule compared to that of BTC or ETH
That is what we call a blockchain. :)
old but gold
Keep it up bro
namecoin? i haven't heard that name since i traded my BTC for it in 2012/2013. what a fucking mistake.
If I'm being real, LTC was the first crypto I ever got because (Price was considerably less than BTC and ETH) I think a lot of your transactions are to move funds from 1 wallet or exchange to another. XLM is probably the best for this, but LTC works almost as well, and is more widely available on exchanges. Not trying to take away from what it's done, It's awesome that it hasn't had any issues it's whole time.
Nice
I use Litecoin every single time I transfer funds from one exchange to another. Safe, cheap and relatively fast.
For me LTC is that friend from your childhood who you know you can rely on to never let you down.
The rarest of gems. 💎
You hear that SOL? 100% uptime.
Litecoin is by far the best crypto for payments, low fees and instant transfer time. F**k ethereum gas fees!