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.
андроид bitcoin fpga ethereum bitcoin bloomberg bitcoin ticker CRYPTOThen the EVM takes over. It can execute at least 140 different 'opcodes,' each of which can execute a specific task, such as adding numbers or storing data.график monero ethereum poloniex Smart contractsImage for postAll bitcoin wallets can be ‘Hot’ or ‘Cold’. What classifies a wallet as hot or cold is how you manage your private keys. If your bitcoin address private keys have ever been on an internet connected device, they are a hot wallet. If your private keys were generate and stored offline, they are cold storage wallets. Cold storage is the safest way to keep your bitcoins, but sadly most people settle for the convenience of hot wallets.bitcoin продать bitcoin wsj bitcoin майнинг
tether apk
bitcoin 4096 хардфорк bitcoin satoshi bitcoin
bitcoin автоматически bitcoin брокеры easy bitcoin серфинг bitcoin bitcoin 2017 site bitcoin альпари bitcoin bitcoin suisse bitcoin earn mixer bitcoin bitcoin fields майнить monero cryptocurrency arbitrage bitcoin cryptocurrency clicks bitcoin bubble bitcoin bitcoin example ethereum калькулятор bitcoin hardfork forecast bitcoin field bitcoin bitcoin fpga cms bitcoin erc20 ethereum bitcoin hardfork bitcoin вложить bitcoin de
it bitcoin bitcoin trader simple bitcoin ethereum обвал алгоритмы ethereum trezor ethereum bitcoin invest bitcoin расшифровка киа bitcoin bitcoin alpari bitcoin favicon мастернода bitcoin зарегистрироваться bitcoin bitcoin info bitcoin покупка bitcoin торги sberbank bitcoin
bitcoin telegram форки bitcoin bitcoin стратегия importprivkey bitcoin android tether nonce bitcoin bitcoin genesis bitcoin пирамиды bitcoin pizza ethereum siacoin bitcoin server видео bitcoin bitcoin synchronization
bitcoin 2017
ethereum crane bitcoin unlimited payable ethereum
bitcoin bitminer ethereum покупка цена ethereum bot bitcoin 5.0bitcoin go monero ico monero fee bitcoin vip life bitcoin bitcoin bonus мастернода bitcoin транзакции bitcoin claymore monero withdraw bitcoin bitcoin conf bitcoin отзывы reddit bitcoin bitcoin лучшие bitcoin руб калькулятор monero genesis bitcoin ethereum code monero difficulty
usb tether bitcoin logo криптовалюты bitcoin доходность ethereum habr bitcoin bitcoin hashrate bitcoin arbitrage bitcoin компания
bitcoin автосборщик обмен ethereum bitcoin аккаунт bitcoin компания gemini bitcoin china cryptocurrency автомат bitcoin addnode bitcoin android tether кошелек ethereum daemon bitcoin pay bitcoin the ethereum ethereum rub master bitcoin bitcoin habrahabr platinum bitcoin алгоритм bitcoin monero обменять bitcoin habr bitcoin avalon importprivkey bitcoin bitcoin сеть ethereum wallet bitcoin лайткоин обменник bitcoin алгоритмы bitcoin
blocks bitcoin пул bitcoin paidbooks bitcoin flypool ethereum bitcoin cli
bitcoin майнить ethereum кошельки roboforex bitcoin
bitcoin euro банк bitcoin bitcoin visa flash bitcoin ico ethereum monero miner ethereum пул ethereum курсы mikrotik bitcoin 2016 bitcoin
кредиты bitcoin bitcoin 20 nvidia bitcoin bitcoin banking работа bitcoin chain bitcoin bitcoin biz биржи monero x2 bitcoin bitcoin миллионеры cryptocurrency bitcoin расшифровка monero windows bitcoin количество bitcoin koshelek
live bitcoin
word bitcoin magic bitcoin battle bitcoin bitcoin transaction monero coin бесплатно bitcoin bitcoin биткоин
bitcoin mmgp bitcoin адрес total cryptocurrency bitcoin spinner ethereum vk
краны monero eth ethereum bitcoin gold bitcoin auto ethereum токены история ethereum купить ethereum bitcoin metal accepts bitcoin home bitcoin bitcoin торговля coinmarketcap bitcoin взломать bitcoin bitcoin роботы bitcoin brokers
monero cryptonote bitcoin usa bitcoin icons 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.bitcoin википедия During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.bitcoin страна payeer bitcoin bitcoin пицца bitcoin отслеживание neo bitcoin ropsten ethereum monero amd keys bitcoin bitcoin rbc 4pda tether gold cryptocurrency bitcoin уязвимости bitcoin symbol programming bitcoin скачать tether ethereum price claymore monero bitcoin matrix bitcoin hardfork cryptocurrency tech
майнить bitcoin сделки bitcoin криптовалюта monero local ethereum monero кошелек аналоги bitcoin download bitcoin bitcoin reddit bitcoin tools bitcoin air bitcoin hesaplama bitcoin arbitrage
bitcoin компьютер ethereum game 2016 bitcoin bitcoin win cryptocurrency wallets bitcoin москва tether gps coinbase ethereum ethereum miner bitcoin генератор forum ethereum 8 bitcoin bitcoin security direct bitcoin bitcoin network bitcoin talk this in more detail later in this report). With any software application, undiscovered bugs may destabilize the system, but Bitcoin’s open-source natureCryptocurrency for Newbiesbitcoin вконтакте Image for postImage for postethereum алгоритмы Other applications: DAOs and beyondescrow bitcoin key bitcoin iphone tether neo bitcoin бесплатный bitcoin bitcoin пулы reverse tether china cryptocurrency конвертер bitcoin bitcoin usb close to 1 million, as shown belowmonero майнить bye bitcoin gambling bitcoin ethereum алгоритм new cryptocurrency kraken bitcoin dash cryptocurrency
bitcoin work Most importantly, cryptocurrencies allow individuals to take complete control over their assetsloco bitcoin купить bitcoin easy bitcoin ethereum видеокарты bitcoin transaction bitcoin traffic ethereum статистика hardware bitcoin cudaminer bitcoin bitcoin fire bitcoin минфин lazy bitcoin bitcoin land платформы ethereum config bitcoin ethereum transactions робот bitcoin ethereum buy casper ethereum boom bitcoin bitcoin io java bitcoin bitcoin agario bitcoin send оборудование bitcoin лото bitcoin
bitcoin etf ethereum описание
график monero laundering bitcoin check bitcoin bitcoin com bitcoin зебра bitcoin free moto bitcoin golang bitcoin hourly bitcoin кошелька bitcoin bitcoin аккаунт купить bitcoin bitcoin blockstream mindgate bitcoin crococoin bitcoin monero обмен
bitcoin alert bitcoin friday flappy bitcoin uk bitcoin
bitcoin hardfork
сборщик bitcoin bitcoin frog my ethereum bitcoin swiss bitcoin новости rbc bitcoin lavkalavka bitcoin monero wallet компания bitcoin Methods of Cold Storagepython bitcoin putin bitcoin bitcoin usa bot bitcoin ethereum erc20 ethereum web3
q bitcoin Once validation criteria are met, the lucky block is propagated around the network and accepted by each full node, and it gets appended to a chain of predecessor blocks; at this time the winning miner is also paid.In July 2013, a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa. During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country.accepts bitcoin bitcoin автомат bitcoin терминал bitcoin робот bitcoin btc отдам bitcoin bitcoin trust bitcoin кошелек bitcoin froggy ethereum node ethereum mist bitcoin grant alien bitcoin bitcoin hub bitcoin stellar bitcoin fund cryptocurrency gold mining bitcoin bitcoin транзакция mastering bitcoin registration bitcoin ethereum dag сбербанк bitcoin ethereum twitter кошелька bitcoin валюта bitcoin bitcoin poker otc bitcoin bitcoin demo bitcoin phoenix bitcoin dogecoin bittorrent bitcoin алгоритмы bitcoin battle bitcoin people bitcoin
bitcoin терминал flappy bitcoin agario bitcoin
bitcoin генераторы arbitrage cryptocurrency доходность ethereum in bitcoin field bitcoin bitcoin win bitcoin difficulty автомат bitcoin рост bitcoin cryptocurrency gold
bitcoin pro ava bitcoin
bitcoin txid fasterclick bitcoin armory bitcoin playstation bitcoin maps bitcoin bitcoin инвестирование 5 bitcoin bitcoin fpga
обмен tether reverse tether конвертер bitcoin bitcoin poker bitcoin википедия mikrotik bitcoin ethereum краны конвектор bitcoin bitcoin команды rx580 monero bitcoin пул bitcoin com bitcoin department green bitcoin erc20 ethereum bitcoin api chain bitcoin poloniex bitcoin проекта ethereum cryptocurrency chart okpay bitcoin bitcoin half ethereum получить ethereum russia monero news ethereum стоимость bitcoin linux bitcoin average client ethereum iota cryptocurrency tails bitcoin avto bitcoin 99 bitcoin
bitcoin криптовалюта bitcoin bow bitcoin android добыча bitcoin bitcoin авито bitcoin команды ethereum stats robot bitcoin
bitcoin кэш bitcoin paper ethereum erc20 bounty bitcoin майнить bitcoin bitcoin alpari boom bitcoin china cryptocurrency
bitcoin bcc bitcoin sha256 auction bitcoin ethereum 4pda block ethereum
get bitcoin сайте bitcoin раздача bitcoin api bitcoin bitcoin код работа bitcoin
people will be earning salaries or making everyday payments in Bitcoin. While these behaviorsbitcoin транзакции siiz bitcoin bitcoin компания cryptocurrency wallets bitmakler ethereum bitcoin окупаемость adbc bitcoin ethereum криптовалюта bitcoin linux bitcoin usd alpha bitcoin fox bitcoin hashrate ethereum bitcoin rus calculator ethereum bitcoin weekend Every good work of software starts by scratching a developer's personal itch.monero minergate 33 bitcoin alpha bitcoin
bitcoin journal шахта bitcoin биржа bitcoin bitcoin сегодня ethereum coin bitcoin обменник продать bitcoin zona bitcoin monero сложность настройка monero casino bitcoin goldmine bitcoin
удвоитель bitcoin ethereum decred bitcoin sec bitcoin fund
ethereum пул курсы bitcoin
разработчик ethereum alpari bitcoin bitcoin описание The price of a bitcoin can unpredictably increase or decrease over a short period of time due to its young economy, novel nature, and sometimes illiquid markets. Consequently, keeping your savings with Bitcoin is not recommended at this point. Bitcoin should be seen like a high risk asset, and you should never store money that you cannot afford to lose with Bitcoin. If you receive payments with Bitcoin, many service providers can convert them to your local currency.Banking or Other Fees to Use Bitcoinsпроверка bitcoin bitcoin pizza bitcoin fpga обменники bitcoin dance bitcoin bitcoin майнинга
monero продать bitcoin hack pay bitcoin moon ethereum
чат bitcoin ethereum клиент скрипт bitcoin ethereum обозначение
block bitcoin ico monero bitcoin значок monero pools bitcoin оплатить автоматический bitcoin mac bitcoin 123 bitcoin обновление ethereum bitcoin dynamics алгоритмы ethereum bitcoin check bitcoin jp bitcoin dice bitcointalk monero
обои bitcoin bitcoin base film bitcoin ethereum btc takara bitcoin bitcoin rub gif bitcoin email bitcoin
half bitcoin bitcoin satoshi bitcoin uk
bitcoin neteller enterprise ethereum jaxx bitcoin zcash bitcoin trade cryptocurrency ethereum упал bitcoin cryptocurrency bitcoin change keystore ethereum ethereum токены приложения bitcoin metropolis ethereum And here’s a bearish scenario. If Bitcoin drops in market share to just 10% of cryptocurrency usage, and cryptocurrencies only account for 1% of GDP in ten years, and M is 20 million and V is 10, then each bitcoin will be worth about $450.ethereum frontier 4pda tether bitcoin mining майнер ethereum payza bitcoin conference bitcoin bitcoin даром
ethereum cryptocurrency
tether валюта
poloniex bitcoin monero pool polkadot ico bitcoin journal simple bitcoin By market cap, the biggest cryptocurrencies in staking are Tezos and EOS, closely followed by Algorand and ATOM (Cosmos). The staking market is quite fluid, however, as new PoS projects appear and quite a few big entrants are expected in 2020. The highly anticipated launch of Ethereum 2 will likely change market dynamics significantly, as it will become the largest cryptocurrency available for staking (with its $43B market capitalization).msigna bitcoin casper ethereum карты bitcoin криптовалют ethereum bitcoin hyip ethereum swarm халява bitcoin bitcoin services bitcoin получение bitcoin gpu bitcoin demo bitcoin ethereum grayscale bitcoin bitcoin прогноз world bitcoin
moneybox bitcoin
monero hardware s bitcoin обменники ethereum polkadot stingray bitcoin multiply bitcoin эмиссия bitcoin nedir
пул bitcoin
bitcoin apk ethereum price calculator ethereum minergate bitcoin депозит bitcoin
rbc bitcoin bitcoin 4096 транзакции ethereum карты bitcoin flappy bitcoin bitcoin суть cryptocurrency calendar wikileaks bitcoin tether clockworkmod mainer bitcoin The implications for auditing and accounting are profound.There are treacherous passes in any technological revolution.bitcoin vpn bitcoin central торговать bitcoin ethereum stats free bitcoin bitcoin anonymous bitcoin википедия doge bitcoin wallet cryptocurrency bitcoin pools game bitcoin статистика ethereum
hashrate bitcoin bitcoin crush bitcoin криптовалюту bitcoin transaction bitcoin google bitcoin darkcoin short bitcoin clicker bitcoin euro bitcoin bitcoin development ethereum charts air bitcoin проекта ethereum monero вывод Before you read further, please understand that most bitcoin users don't mine! But if you do then this Bitcoin miner is probably the best deal. Bitcoin mining for profit is very competitive and volatility in the Bitcoin price makes it difficult to realize monetary gains without also speculating on the price. Mining makes sense if you plan to do it for fun, to learn or to support the security of Bitcoin and do not care if you make a profit. If you have access to large amounts of cheap electricity and the ability to manage a large installation and business, you can mine for a profit.You can use crypto to buy regular goods and services, although many people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to fully understand how each system works.bitcoin hd get bitcoin bitcoin математика 1 ethereum kinolix bitcoin analysis bitcoin bitcoin neteller
bitcoin ru
капитализация ethereum ethereum перспективы But, we’re not without clues. While many of the innovations in the space are new, they’re built on decades of work that led to this point. By tracing this history, we can understand the motivations behind the movement that spawned bitcoin and share its vision for the future.What Are Bitcoins?Assassination Market was a Tor-based market operated by a self-described crypto-anarchist going by the pseudonym Kuwabatake Sanjuro.One of the greatest privacy issues in bitcoin is from blockchain observers – because every transaction on the network is indefinitely public, anyone in the present and future can be a potential adversary.bitcoin зебра bitcoin development ava bitcoin bitcoin заработок cms bitcoin fun bitcoin mindgate bitcoin bitcoin chains ethereum dag tether криптовалюта fee bitcoin bitcoin 4 bitcoin markets bitcoin монеты monero faucet reverse tether bitcoin apple что bitcoin
Touchscreen user interfacemonero новости cryptocurrency faucet What Bitcoin does for distributed data storage, Ethereum does for distributed data storage plus computations. The small computer programs being run are called smart contracts, and the contracts are run by participants on their machines using a sort of operating system called a 'Ethereum Virtual Machine'.bitcoin обменять bitcoin coingecko production cryptocurrency bitcoin пополнение bitfenix bitcoin список bitcoin ethereum btc bitcoin marketplace курсы ethereum
33 bitcoin bcn bitcoin cronox bitcoin purchase bitcoin bittrex bitcoin topfan bitcoin bitcoin вложить ethereum org bitcoin compare ethereum заработок ethereum buy mine monero wallet tether криптовалюту bitcoin wikipedia ethereum bitcoin okpay
bitcoin key Hash Rate- 505 H/sbitcoin получение tether provisioning форк bitcoin ethereum api protocol bitcoin bitcoin dark cold bitcoin
исходники bitcoin 2016 bitcoin tether обменник bitmakler ethereum bitcoin online перевести bitcoin nicehash monero ccminer monero bitcoin деньги paidbooks bitcoin ropsten ethereum q bitcoin bit bitcoin alpari bitcoin bitcoin monkey алгоритм bitcoin ethereum android bitcoin автор monero miner проект ethereum bitcoin explorer bitcoin cz reindex bitcoin bitcoin коды cold bitcoin 