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It is worth it to buy litecoin?

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K

kaphokz

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Hello folks! I just want to ask if it is profitable to buy or collect litecoin, and what is your price prediction next year for litecoin?
 
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microunit said:
most of the crypto, usually in the top 10 ( except tether ) usually rises or lowers alongside bitcoin as most people interexchange these cryptos with bitcoin
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Okay! I don't know if it is good for these coins to be so dependent on bitcoin. In other words bitcoin controls the rise and fall of the other cryptos which makes me a little uncomfortable.
 
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Niftyicon said:
Okay! I don't know if it is good for these coins to be so dependent on bitcoin. In other words bitcoin controls the rise and fall of the other cryptos which makes me a little uncomfortable.
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bitcoin doesn't really control the rise and falls of other crypto, just that most people inter-exchange bitcoin with this other cryptos, some cryptos that doesn't get inter-exchange with btc got their own independent fluctuation from bitcoin
 
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microunit said:
bitcoin doesn't really control the rise and falls of other crypto, just that most people inter-exchange bitcoin with this other cryptos, some cryptos that doesn't get inter-exchange with btc got their own independent fluctuation from bitcoin
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It is just a normal mind said that if huge price change occurs when the value of Bitcoin them normally that affects the price of other cryptocurrency as well it is just by the force of nature
 
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Yeah you can buy. But for now, you can buy BTC instead of LTC. BTC price is keep forwarding. Though, Today LTC price is slightly move forward.
 
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Litecoin has proved to be useful in terms of money transactions and has a relatively secure network. It's not very volatile and it's price is correlated to Bitcoin and total crypto market cap. I don't expect a huge price change either way. I think new projects like those in 100th to 300th by market cap have more potential to rise but also more potential to vanish.
 
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Monetizeit said:
It is just a normal mind said that if huge price change occurs when the value of Bitcoin them normally that affects the price of other cryptocurrency as well it is just by the force of nature
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it just affects those cryptos that are usually inter-exchange with bitcoin, some cryptos who are not inter-exchange with bitcoin have their own independent fluctuation
 
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Buying litecoins is not bad. But check fast rising cryptocurrencies like Tron, Ripple, Ethereum. If you want to buy any cryptocurrency right now, go for Tron. It is the real deal now.
 
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Geniusmaco said:
Buying litecoins is not bad. But check fast rising cryptocurrencies like Tron, Ripple, Ethereum. If you want to buy any cryptocurrency right now, go for Tron. It is the real deal now.
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Rightly said! This week however, all the top crypto currencies are really rising and I would suggest to observe the market first. Tron is cool too.
 
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I think its profitable to buy litecoin now, that the price is sinking down. Hoping that it will go up again in the near future, that has been the future of Cryptocurrency. Rising and falling every time, that's why it is highly unpredictable sometimes.
 
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Niftyicon said:
Litecoin price most times is influenced by bitcoin price, so I would suggest that if you have confidence in btc investments, then, do so with LTC too.
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You are right to an extent, my opinion is for the poster to just watch when the price of litecoin is down then he can invest because it easily rise and fall.
 
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De-rector said:
You are right to an extent, my opinion is for the poster to just watch when the price of litecoin is down then he can invest because it easily rise and fall.
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I doubt that it will go down so much if bitcoin doesn't. I have been observing it for some time now because of my intent to invest and I am yet to get the dip worth investing.
 
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Niftyicon said:
I doubt that it will go down so much if bitcoin doesn't. I have been observing it for some time now because of my intent to invest and I am yet to get the dip worth investing.
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There are few moments litecoin drops and bitcoin doesn't drop, if one can be patient to invest when the price is down by 10%, it is still worth it..
 
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I think it will continue to rise since more business outlet and some countries are beginning to see crypto as a means of payment option. Buying it against next is not a bad idea.
 
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It will only be profitable when and if you buy the litecoin at a lower price than you sell it, so naturally you can buy litecoin and set the period of time you want to hold them in the wallet for a possible increase in the cost price, if at that time the price increased then you can sell off the coin at a higher price than you bought them and make some profit
 
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Litecoin is a coin that is worth Investing on amongst old coins , the transaction is much than bitcoin and the fee is equally lower as compared.
 
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sagefave said:
It will only be profitable when and if you buy the litecoin at a lower price than you sell it, so naturally you can buy litecoin and set the period of time you want to hold them in the wallet for a possible increase in the cost price, if at that time the price increased then you can sell off the coin at a higher price than you bought them and make some profit
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I guess you are right and that is a good way to hodl but what I do is just set a price alert on my Luno app and as soon as I am alerted at the price I want to sell off, I just do that not necessarily considering the length of time.
 
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Absolutely it's not worst you can participate to buy LITCOIN because bitcoin and ethereum is now growing up so have many chance to grow up LITCOIN also
 
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Litecoin had crossed $75 dollars again. I think it is one of the top gainers today, and even climbed to number 12 position based from Coinmarketcap. Maybe wait to go down before buying. Don't be driven by FOMO.
 
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