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Investing in cryptocurrency such as litecoin is profitable?

  • Thread starter Thread starter Yaqoob Habib
  • Start date Start date
I do not think investing in cryptocurrency like the Litecoin will be profitable for the moment. I think Litecoin only makes sense when you want to send coins out of you wallet
 
Ifective said:
Litecoin is just a matter of time. People are not patient enough. People want a sudden growth that might take a lot of time. Litecoin will be profitable in the future. One just has to wait for it and hodl till it moons
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That is why it is better not to be informed, surely you will read or someone will give you the information, but the best thing to do is as it says "disassociate yourself from the habit of checking currency prices" so you will be calmer. And in time you will be surprised by the profits.
 
Investing in crypto could either be in the long term, where one holds the coin for a long time or in the short term where the volatility is considered, litecoin is a good option for investors nowadays most especially because of its low transaction fees
 
Kunkun said:
Investing in crypto could either be in the long term, where one holds the coin for a long time or in the short term where the volatility is considered, litecoin is a good option for investors nowadays most especially because of its low transaction fees
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This you describe with respect to low transaction fees, leads me to ask why some cryptos are more expensive to transact in than others. All or almost all members comment that with litecoin it is better because of this. Do you know what the reason is?
 
Josemendez said:
Cryptocurrency investment is very profitable these days ,many people had made up to 100% profit from their investment . I have few suggestions bfor you if you are interested in investing more .
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Kindly share those suggestions so that one will be properly guided. Thanks
 
Litecoin can also be profitable depending on the country that seriously consider it has legal tender to be an acceptable one but one has to study the market of the dynamics of the whole the thing works and fluctuate.
 
Sariana23 said:
This you describe with respect to low transaction fees, leads me to ask why some cryptos are more expensive to transact in than others. All or almost all members comment that with litecoin it is better because of this. Do you know what the reason is?
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I'm not exactly sure too how those transaction fees come about, but I think the manner of mining should be a factor, ethereum has really high gas fees and it's discouraging lots of investors. I would try to find a proper answer and get back to you
 
Kunkun said:
I'm not exactly sure too how those transaction fees come about, but I think the manner of mining should be a factor, ethereum has really high gas fees and it's discouraging lots of investors. I would try to find a proper answer and get back to you
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Excellent, thanks for your time, I think more than 90% of the members comment that litecoin is the most economical, which you also answered in your post, that caught my attention, I will also investigate, if I get something related I will post the result.
 
Sariana23 said:
Excellent, thanks for your time, I think more than 90% of the members comment that litecoin is the most economical, which you also answered in your post, that caught my attention, I will also investigate, if I get something related I will post the result.
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Yeah, the more knowledge we all gain the better suited we are for investing, so fingers crossed on any new developments in the crypto world
 
Ifective said:
Litecoin is just a matter of time. People are not patient enough. People want a sudden growth that might take a lot of time. Litecoin will be profitable in the future. One just has to wait for it and hodl till it moons
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Litecoin is very much profitable. Those that invested on litecoin from the beginning would be gaining a lot of cash by now and make more profit
 
It is too early to say whether I am making profits or not. I have some litecoins and I am seeing the price increment. I hope to accumulate at least 10 litecoins by the end of this year
 
Yaqoob Habib said:
Nowadays most businessmen are investing in crypto currency, You can make money by investing in crypto currency.I have also invested around $ 20 litecoin I have made almost $ 10 profit through this I just want to say that by investing in cryptocurrency, you can easily earn money.
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All cryptocurrency offers you profits in one way or the other. So it is better to try and invest in those coins but the degree of risks that are there are very great.
 
Oloritoks said:
Litecoin can also be profitable depending on the country that seriously consider it has legal tender to be an acceptable one but one has to study the market of the dynamics of the whole the thing works and fluctuate.
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It is a highly potential and profitable coin, it was as high as $350 few days ago but currently on a recovery misson so Investing now won't be a bad idea.
 
Kunkun said:
Yeah, the more knowledge we all gain the better suited we are for investing, so fingers crossed on any new developments in the crypto world
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It is true, knowledge is the key to success, although to tell the truth I had a hard time making the decision to make my small investment in litecoin, and this was when they changed the payment method from Bizdustry to litecoin, and I left the profits on the site.
 
Litecoin is one of the most fast growing crypto currencies in the world, the price rises all the time. Investing on litecoin is very good depending on the capital you want to invest. If you have big capital to invest it is good to invest on litecoin but if you have little capital then try XRP TRON ETC
 
Last period, you can profit from the rising of many Crypto, not just Litecoin.
You can see what's happening with Dogecoin in the last few days.
 
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It is very profitable depending on the time you made the investment, you need to invest with the price is down. Sometimes you need to hold on your crypto currency when the price drops. Don't be afraid, it will rise again. Just invest and hold it for a long time, you must surly get some profit
 
It's profitable when you buy at the right price. Buy when it's high and you'll be regretting your action a long time.
 
Even as bitcoin peaked, the family stayed invested in the cryptocurrency. Once the bubble.Though for Taihuttu, the bitcoin play isn't all about making a profit.
 
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