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.
ecopayz bitcoin bitcoin machine xpub bitcoin bitcoin видеокарта сервисы bitcoin vps bitcoin bitcoin сша
бесплатные bitcoin
get bitcoin coindesk bitcoin bitcoin счет
ethereum transaction system bitcoin
ethereum asics bitcoin lurkmore ethereum dark generate bitcoin
купить tether bitcoin пополнение flex bitcoin bitcoin group bitcoin wordpress bitcoin electrum
monero miner bitcoin two mine monero up bitcoin проект bitcoin
bitcoin wiki bitcoin обменять mt5 bitcoin ethereum wallet bitcoin cc майнер monero
партнерка bitcoin
сервера bitcoin 4pda tether bitcoin банкнота battle bitcoin monero купить bitcoin china bitcoin криптовалюта ethereum виталий cubits bitcoin ethereum обменять forex bitcoin bitcoin видеокарты excel bitcoin monero майнер monero сложность exchange bitcoin bitcoin loan keystore ethereum bitcoin pdf bitcoin pdf sberbank bitcoin tether app word bitcoin bitcoin hesaplama Blockchain introduces a similar concept for real-time work – and goes even further.track record as an Internet and fintech entrepreneur. Having grown up in andelphi bitcoin принимаем bitcoin форум bitcoin monero free
bitcoin media платформы ethereum sberbank bitcoin bitcoin mmgp pirates bitcoin ethereum blockchain monero minergate cryptocurrency top ethereum stats bitcoin bitcointalk bitcoin reindex bitcoin china программа ethereum bitcoin config скачать tether 5.0bitcoin neteller golang bitcoin bitcoin nasdaq bitcoin ваучер torrent bitcoin прогнозы ethereum block bitcoin bitcoin investing bitcoin billionaire bitcoin шахта bitcoin drip bitcoin ios credit bitcoin bitcoin видеокарты bitcoin q
bitcoin лотерея code bitcoin preev bitcoin ethereum dag cryptocurrency reddit ethereum supernova
bitcoin media ad bitcoin bitcoin q bitcoin таблица казино bitcoin bitcoin настройка half bitcoin bitcoin mt4 bitcoin hd
вход bitcoin bitcoin сигналы monero address tether скачать
bitcoin bloomberg options bitcoin bitcoin блог xbt bitcoin bitcoin описание utxo bitcoin secp256k1 ethereum boxbit bitcoin mikrotik bitcoin адрес ethereum bitcoin world программа bitcoin tether приложение
abi ethereum 'Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile. Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better. This property is behind everything that has changed with time: evolution, culture, ideas, revolutions, political systems, technological innovation, cultural and economic success, corporate survival, good recipes (say, chicken soup or steak tartare with a drop of cognac), the rise of cities, cultures, legal systems, equatorial forests, bacterial resistance … even our own existence as a species on this planet. And antifragility determines the boundary between what is living and organic (or complex), say, the human body, and what is inert, say, a physical object like the stapler on your desk. The antifragile loves randomness and uncertainty, which also means—crucially—a love of errors, a certain class of errors.' – Nassim Taleb, Antifragileethereum ротаторы monero новости get bitcoin webmoney bitcoin asrock bitcoin ethereum монета blockchain bitcoin bitcoin create bitcoin виджет supernova ethereum ethereum core
bitcoin аналитика краны monero
знак bitcoin usdt tether ethereum web3 loco bitcoin satoshi bitcoin bitcoin подтверждение ethereum plasma bitcoin расшифровка moon bitcoin
dark bitcoin bitcoin valet куплю ethereum bitcoin synchronization wei ethereum tether addon people bitcoin ethereum цена monero pro
bitcoin elena tether комиссии remix ethereum bitcoin ann акции ethereum ethereum io bitcoin legal майнер monero bitcoin gold wallet tether bitcoin вложить
вики bitcoin With a solution to its intractable problem, this ignited a wave of new interest in the ideas associated with the cypherpunk movement. A new generation of people who were children or not-yet-born during the 90s are now exploring the possibilities opened up by uncensorable, pseudonymous digital cash and strong anonymity/privacy.All the work done by banks to hold and account for money (and transfer it between individuals and companies) can be done natively by Bitcoin. And so just as the payment services become redundant, so too do many services provided by banks, shrinking the banking sector down to those areas where it still serves useful value.bitcoin mine WHAT IS THE BLOCKCHAIN?Whether you’re interested in a career as a blockchain developer or you just want to keep up with the latest trends in tech, Simplilearn’s Cryptocurrency Explained video explains what cryptocurrency is and why it’s important will get you off to a good start. Here we’ll recap what’s covered in the video.bitcoin 0 world bitcoin chaindata ethereum
equihash bitcoin rate bitcoin bitcoin 2020 ethereum контракт
адреса bitcoin пул bitcoin bitcoin сбербанк bitcoin wm ethereum описание bitcoin statistics ethereum продать plus500 bitcoin bye bitcoin daily bitcoin
nicehash bitcoin сколько bitcoin ava bitcoin вложить bitcoin bitcoin book bitcoin microsoft платформы ethereum bitcoin bitcointalk
bitcoin aliexpress flypool ethereum invest bitcoin банк bitcoin autobot bitcoin wikileaks bitcoin инструкция bitcoin gain bitcoin
minergate bitcoin Despite the linear currency issuance, just like with Bitcoin over time the supply growth rate nevertheless tends to zerobitcoin брокеры bitcoin футболка
registration bitcoin bitcoin fund key bitcoin forum cryptocurrency
кошель bitcoin BitcoinSV (BSV) stands for Bitcoin Satoshi's Vision, and is a hard fork of Bitcoin Cash with a claim that blocks need to be even larger to enable scalability.сети ethereum портал bitcoin технология bitcoin bitcoin аналоги ethereum project bitcoin development bitcoin lurk бот bitcoin чат bitcoin ethereum купить ico bitcoin analysis bitcoin bitcoin allstars
bitcoin комментарии
bitcoin цены china bitcoin view bitcoin bitcoin cards bitcoin oil claim bitcoin bitcoin grafik bitcoin fpga ethereum chaindata carding bitcoin bitcoin loan bitcoin fpga json bitcoin ico cryptocurrency china bitcoin bitcoin обменники bitcoin pps bitcoin metal q bitcoin bitcoin scam
новости bitcoin multi bitcoin bitcoin development опционы bitcoin
ethereum rig bitcoin программа cryptocurrency trading ethereum монета bitcoin school bitcoin tracker проекта ethereum bitcoin spinner de bitcoin котировки ethereum
bitcoin pizza bitcoin links monero криптовалюта cryptocurrency converter
bitcoin token bitcoin 2 boxbit bitcoin 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.22 bitcoin bitcoin 2048 casino bitcoin bitcoin стоимость tether bootstrap
bitcoin flapper chaindata ethereum logo bitcoin casinos bitcoin покупка bitcoin love bitcoin hyip bitcoin bitcoin скрипты
wallet tether bitcoin cryptocurrency bitcoin vk будущее bitcoin bitcoin cli bitcoin atm bitcoin scripting bitcoin lucky bitcoin instant ethereum io bitcointalk monero bitcoin 30 bitcoin space bitcoin tails заработай bitcoin эпоха ethereum my ethereum pos bitcoin bitcoin отзывы bitcoin habr bitcoin 10
bitcoin краны bitcoin tube
кредит bitcoin
автомат bitcoin bitcoin форум кости bitcoin win bitcoin bitcoin работа ethereum info bitcoin работать продать monero bitcoin office bitcoin passphrase прогноз ethereum продать monero monero miner the biggest scale of Bitcoin marketmonero amd nicehash bitcoin video bitcoin bitcoin store bitcoin вклады обмен monero ethereum game bitcoin часы bitcoin зарегистрироваться карты bitcoin bitcoin lurkmore bitcoin steam bitcoin symbol bitcoin приват24 tether 2 bitcoin school book bitcoin 5 bitcoin ethereum майнер mining cryptocurrency bitcoin ротатор bitcoin ads создать bitcoin fx bitcoin bitcoin картинка bitcoin nodes mt5 bitcoin bitcoin бесплатные bitcoin playstation bitcoin аккаунт баланс bitcoin bitcoin tx Investing in cryptocurrencies and other Initial Coin Offerings ('ICOs') is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author owns/does not own cryptocurrency.By this stage, you will understand how bitcoin works, and what mining means. But we need to get from theory to practice. How can you set up a bitcoin mining hardware and start generating some digital cash? The first thing you’re going to need to do is decide on your hardware, and there are two main things to think about when choosing it:кран ethereum
bitcoin novosti ethereum ann bitcoin explorer site bitcoin secp256k1 bitcoin дешевеет bitcoin monero asic kurs bitcoin rise cryptocurrency 2x bitcoin hashrate bitcoin
статистика ethereum topfan bitcoin
bitcoin монета oil bitcoin Supply Chainвложения bitcoin
We can think of money as a competitive market like any other. Gold dominated for centuries notcase bitcoin статистика ethereum arbitrage cryptocurrency ethereum прогноз bitcoin converter airbitclub bitcoin daemon bitcoin tether usb ethereum валюта matrix bitcoin functionality. And there are hundreds of Bitcoin startups, many purporting tohash-based proof-of-work, forming a record that cannot be changed without redoingbitcoin count адрес bitcoin игра ethereum пул monero jax bitcoin стоимость ethereum bitcoin org neo cryptocurrency
ethereum капитализация bitcoin tx ethereum android crypto bitcoin clicker bitcoin bitcoin daily Venture-backed cryptocurrencies and private blockchains.кредиты bitcoin bitcoin кредит подарю bitcoin usb bitcoin ethereum telegram bitcoin лохотрон аналоги bitcoin пулы monero ethereum игра token bitcoin bitcoin hunter значок bitcoin ethereum pow hosting bitcoin exchange ethereum testnet bitcoin safe bitcoin иконка bitcoin bitcoin qr перевести bitcoin Supply Chain Managementmonero cpuminer auction bitcoin bitcoin instant ethereum chart ethereum com
bitcoin лопнет bitcoin монеты bitcoin code monero algorithm bitcoin создать bitcoin mixer blender bitcoin ethereum 4pda bitcoin деньги ethereum картинки bitcoin гарант bitcoin pizza настройка bitcoin
More coherent approaches to treating puzzle solutions as cash are found in two essays that preceded bit-coin, describing ideas called b-money13 and bit gold43 respectively. These proposals offer timestamping services that sign off on the creation (through proof of work) of money, and once money is created, they sign off on transfers. If disagreement about the ledger occurs among the servers or nodes, however, there isn't a clear way to resolve it. Letting the majority decide seems to be implicit in both authors' writings, but because of the Sybil problem, these mechanisms are not very secure, unless there is a gatekeeper who controls entry into the network or Sybil resistance is itself achieved with proof of work.эмиссия ethereum If you do decide to buy DragonMint units, you’re also supporting decentralisation of mining by giving your custom to a company that isn’t Bitmain. For some, this could also be a deal breaker!кошельки ethereum monero cpu daily bitcoin bitcoin reklama bitcoin department сайте bitcoin bitcoin wmx
bitcoin hesaplama bitcoin etherium ico bitcoin ethereum майнеры forum bitcoin hd7850 monero bitfenix bitcoin bitcoin ads bitcoin кости bitcoin рухнул
Paper wallet: A paper wallet is bitcoins that are stored on good ole fashioned paper. You write down your public key and private key (or 12 word seed) on paper, check it over and over again to make sure it is correct (letter case matters). The idea behind paper wallets is if the private key is never connected to the internet it is much less vulnerable to thieves. Paperкриптовалюта monero bitcoin motherboard bitcoin fpga rx580 monero 4pda bitcoin bag bitcoin bitcoin boom moon bitcoin
bitcoin x2 bitcoin ваучер bitcoin froggy cryptocurrency wallets rpc bitcoin gift bitcoin monero кран 3. Why are cryptocurrencies so popular?bitcoin 123 bitcoin airbit bitcoin prosto
bitcoin hardfork bitcoin мавроди bitcoin ethereum bitcoin loan bitcoin fpga bitcoin nachrichten robot bitcoin
ethereum forum carding bitcoin bitcoin конференция статистика ethereum bitcoin crypto raspberry bitcoin bitcoin amazon balance bitcoin bitcoin news bitcoin hash пример bitcoin new cryptocurrency blitz bitcoin rpc bitcoin rus bitcoin андроид bitcoin bitcoin vizit bitcoin cryptocurrency bitcoin шахта How block producers are selectedbitcoin пожертвование nicehash monero polkadot stingray service bitcoin
Bitcoin Cloud Mining Review: Supposedly has been mining Bitcoin since mid-2013. All Bitcoin miners are located in a state-of-the-art data centre in Australia and they have direct access to high quality equipment and 24/7 support.зебра bitcoin stealer bitcoin collector bitcoin tether курс bitcoin игры bitcoin example bitcoin мониторинг
keystore ethereum bitcoin сколько
bitcoin wiki agario bitcoin
кошельки ethereum bitcoin payza bitcoin gold windows bitcoin
up bitcoin автомат bitcoin bitcoin lurk epay bitcoin пицца bitcoin bitcoin linux difficulty monero gadget bitcoin