Is It Wise to Invest in Litecoin?

[Salt]

Last month I invested in Litecoin and then the value starts going down and I started feeling bad that I will lose my money as the last time I invested $30 and lost all of it. So I would like to know if is it profitable to invest in Litecon for the long term or the short term.

 

[Riberet19]

Last month I invested in Litecoin and then the value starts going down and I started feeling bad that I will lose my money as the last time I invested $30 and lost all of it. So I would like to know if is it profitable to invest in Litecon for the long term or the short term.

well I think that if, for several facts litecoin is a currency with trajectory was one of the first since 2011 has a limited supply of about 100 million coins which makes it somewhat scarce, and its monetary policy of litecoin remains firm through time similar to bitcoin, so I think it is a good idea to diversify a little in it.

 

[Salt]

I think if we invest then we need to be patient about it and then we can expect some profit but it will be hard

 

[Riberet19]

I think if we invest then we need to be patient about it and then we can expect some profit but it will be hard

Yes, patience is a virtue and investments pay well if you invest wisely, also an investor must know the cycles of cryptocurrencies and invest accordingly to this, after that time if you do not get returns you should change the investment strategy if the case occurs.

 

[Salt]

If I would have been patient I would have at least made $3-5 profit for a very short time but I did the opposite so I lost around $2 but we learn from our experiences.

 

[Nomad]

When the market becomes bullish, litecoin will definitely gain value but litecoin is not going to be very big, therefore you cannot make a lot of profits by investing in litecoin.

 

[Flower]

If you accumulate the litecoin when the price is very low presently then you could benefit from the bull run that is to emerge very soon.

 

[Salt]

I was thinking that it's not wise to invest in LTC but instead now I am liking it as it has a very low fee and almost all users prefer it so it can be easily exchanged