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Why You Should Buy Litecoin (LTC) While It’s Cheap Now

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Litecoin is generally considered as a peer-to-peer cryptocurrency and open source software project that is released under MIT/X11 license. The creation of the coin is based on the open source cryptographic protocol and thus it is not managed by any central authority. Technically, Bitcoin (BTC) is almost identical to Litecoin but it is far quicker and cheaper. According to the views of the cryptocurrency market experts, Litecoin pricing acts in a more rational manner than Bitcoin and it has a more sustainable future. The value of the Litecoin depends on the demands of currency trading websites like Bitfinex, OKEx, GDAX, and Coinbase. In the current scenario, some online stores, in fact, started to accept cryptocurrencies to buy products like jewelry, groceries, clothes and other important stuff.

Litecoin (LTC) is known to be the next best thing to Bitcoin. This cryptocurrency was launched a couple of years later after Bitcoin and it has a few aspects which make it acceptable to the present day crypto investors, users, and traders. This coin is growing at a fast pace and it is already taking the initiative to close the gap on Bitcoin. It is true that the recent crypto slump has brought the Litecoin down to $122.7 and this is the best opportunity to buy the Litecoin when it is cheap. Some of the good reasons to buy Litecoin are discussed below.

  1. Better than Bitcoin:

Most people tend to invest in altcoins because of the early investors’ reliance on Bitcoin. Like, those many new investors want to buy coins at a cheap rate and want to become richer. For this reason, it is the best time for you that you should invest more on Litecoin. Although it is much like Bitcoin it is better than it. It generally uses proof-of-work algorithm but it is ASIC resistant and allows both CPU and GPU miners. The network of Litecoin is as secure as Bitcoin. Although the price of LTC fell from around $300 and to just the above margin of $100 but still it is better than other crypto coins because of its stability. However, the trading price of Litecoin has started to rise and thus it is the ideal time for you to buy Litecoin.

  1. Litecoin’s association with Abra app:

Abra app allows the users to trade crypto-fiat, crypto-crypto pairs and fiat-crypto. Through Abra App, you can avail 20 cryptocurrencies and 50 fiat currencies. For this, the users need to buy Litecoin first and then they can use this for future trading in the app. This app, in fact, uses Litecoin to access smart contract as Litecoin transactions are faster and scalable with a much more secure network.

  1. The launch of Litecoin Core:

Litecoin was not much affected by the recent bearish trend in the crypto market because of the release of Litecoin Core. The investors still believe in Litecoin and the price of the Litecoin remained above $100 mark. This actually contributes to Litecoin’s stability gaining the confidence of the traders.

  1. Gemini Exchange Lists:

The Winklevoss Twins’ Gemini exchange is considered as one of the world’s most popular crypto exchanges. This exchange has listed Litecoin on their portal. They have allowed the users to trade in Cryptocurrency according to their basic requirements. As the exchange has a large pool of users, a listing of Litecoin in their portal will increase the trading in Litecoin.

The Advantages and Disadvantages of Litecoin as a Short Term of Investment

The short-term investment generally means 1-12 months of investment. Some of the advantages and disadvantages of short-term investing in Litecoin are discussed below.

Advantages:

  • High Trading Volume:

Litecoin is a popular choice for the investors because of its high trading volume, which means you can easily find the buyers.

  • The huge expectation in 2018:

Charlie Lee, the founder of Litecoin tweeted that there is “One huge unexpected surprise” coming in 2018, in the early phase of 2018.

  • Listed on Coinbase:

The listing of Litecoin on Coinbase attracts more investors. Only four coins are listed on the Coinbase, Litecoin being one of them. This means you can easily buy and sell coins.

Disadvantage:

The only disadvantage is the volatility of the cryptocurrency market. This makes the short-term investment in Litecoin a bit risky.

Conclusion

Litecoin which is already ranked 5 (according to the coincapmarket.com) is not a new name in the realm of cryptocurrency. However, it still undergoes several changes and improvements to tackle the issues that have come up in the history of Litecoin. However, you can invest in Litecoin right now so that you can enjoy the benefits in the near future.

We will be updating our subscribers as soon as we know more. For the latest on LTC, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Bitcoin

New Tendencies of Bitcoin Gambling

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Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

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Bitcoin

Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over…

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