Review on LitecoinToken by Ahmet İnal
Litecoin
Litecoin is interpreted as digital silver by the authority called `` Bitcoin ''. Since Bitcoin is compared to digital gold, it is obvious that this approach is made to Litecoin. Litecoin is thought to have a much lighter network than Bitcoin. It is interpreted on the official site that Litecoin has a faster approval time and efficient storage feature than Bitcoin. At the same time, it is stated that Bitcoin is completed with the community, transaction volume and liquidity. Another Litecoin outweighs the price of Bitcoin.With the increase in mining activities all over the world since 2013 and the parallel increase in the level of difficulty, litecoin mining activities are not as profitable as before. While such a mining investment was previously affordable, there is now a need to invest large amounts. A discussion that has been going on for years between miners and traders actually explains the profitability situation better. Traders; Instead of mining litecoin with an investment of 10 thousand USD, it is more logical to buy litecoin with this money and wait, they say. However, keeping the remaining litecoins after deducting the costs as a result of the mining activities to be made with large investments with the expectation that they will be valued in the future may be a serious investment income.Litecoin, which has always been at the top since its launch, is one of the rare cryptocurrencies with a large number of investors in our country and in the world today. While those who believe and trust in Litecoin are after long-term investments, more volatile cryptocurrencies stand out for many investors. Litecoin can be preferred for long-term investments due to its low volatility.
Pros
- mining operations can be done easier and keeping system requirements to a minimum.
- This advantage in mining operations significantly reduces transaction approval times and
Cons
- Fluctuation is a big problem in cryptocurrency markets. Fluctuation means that the price of a coin increases or decreases very rapidly. It is a big risk to invest in Litecoin short term.
