BITCOIN IS ON MASSIVE BULL RUN... Volume is coming in from China, after being down graded by Moodys.
But its too expensive to buy for the regular guy. Let's take a look at another alternative coin which is severely undervalued.
Im talking about, Litecoin.
Lets do some simple math and fundamental comparisons.
Now, I know there is a difference in circulating supply and so forth, but lets use these cryptocurrencies limited supply limits for a comparison.
Limited Supply:
Bitcoin Supply - 21,000,000 BTC
Litecoin Supply - 84,000,000 LTC
Litecoin has 4x more coins than bitcoin. Same protocol, same type of algorithm that is heavily encrypted, only difference, supply limits. Lets not also forget Litecoin activated SegWit (faster transaction speeds and confirmation times) just last month.
Bitcoins current Price : $2500
Litecoins current Price: $33.00
Bitcoin Market Cap: $41,928,594,000
Litecoin Market Cap: $$1,673,465,512
See the major disparity? If you take bitcoins current price and divide it by 4, Litecoin should be worth $625.
But lets use the most conservative math. If you were to take Litecoins' Current Price and multiply it by 4 you'll get an evaluation of $132. Which would bring its Market Cap to $7,128,000,000 Billion. Still this would be under Bitcoins' market cap and Ethereum.
Now if your an investor, it doesn't take much brain power to ask yourself, if I want to make an investment and let say my goal is to double my money, which coin has the better potential to double my money? In order for Bitcoin to double my investment, it would have to go up another $2,500 vs if I were to invest into Litecoins', it only has to go up another $33.00. Which can happen faster?........ This is self explanatory.
Fundamentals:
Litecoin has a strong development team, working on numerous projects. Has been the first coin in the space to really implement real change into a blockchain. I'm referring to when Litecoin activated SegWit just last month, it was a success! This has allowed Litecoin to be scalable to the masses and give users faster transaction speeds/confirmation time. It has also allowed room for it to add unique features such as privacy and the lightning network. Now today, we learned Bitcoin is following suit, which may take 6 months to fully implement. The Bitcoin community has been in a battle for quite some time to figure out in which direction it wants to go. Whether they want to stick with Bitcoin Core, move to Bitcoin Unlimited, or SegWit. It looks like SegWit has won that battle. This would be a soft fork, not a hard fork, of the existing blockchain.
Litecoin has also been referred to as the Silver to Bitcoins Gold Standard. -----To conclude. Based on the fundamentals, the bold actions taken by the Litecoin Dev Team, SegWit Activation, Future Implementation of the Lightning Network, and its severely undervalued price, I strongly believe that Litecoin will be catching up and may very well even pop and go parabolic as the smart money tries to find the next undervalued investment.
Disclaimer:
Everything in this article is not investment advice. This is solely my opinion. I currently do own a position in Litecoin at $30.00 as I rolled over my profits into something that I feel, in my opinion, is undervalued. Please due your own due diligence before making an investment. Investing does involve risk and/or loss of capital with potential of great rewards. Please invest on your own due diligence.
P.S.> Leave a comment and let me know your thoughts. If you liked the article, upvote and/or resteem to share with your followers!
Best Regards,
-MobileCeo
Excellent work dear friend @mobileceo very interesting, it is amazing how they have been moving all crptomonedas, very practical the report you present, thank you very much for sharing this amterial and your experience.
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Thank you @nano2nd. Anytime! Thank you for leaving your comment.
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Someone promoted your post. Promotions help every steemians.
Your reward is an upvote and 0.375 SBD extra promotion.
Good job, see you next time in
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Interesting point, but don't forget that bitcoin is the most supported crypto, and that there is 100's or 1000's of clones like litecoin. What makes litecoin stand out?
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Yes, but ask yourself this, which has been around longer? Investors will go to the coin thats been around to stand through the obstacles that Bitcoin has gone through. Which would you feel safer, Litecoin or some new crypto currency which doesn't have much of a track record?
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btw...please add us and check out our youtube channel :)
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Will do! Just added you. ;-)
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speed and affordability...a substantial community in Asia. But you might be right...I cant wrap my head at why LTC isnt at 500 right now!!
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Yes, also same algorithm. Also I just received word that BitStamp will be launching LTC in the UK in June.
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your analysis is right but , we are really in unpredictable stage right now. Many of people in the crypto market is going after BTC because of the popularity and old history, even many don't know there are other coins exist, main are investing without understanding anything about cryptocurrency and blockchain just for profit, that is fine for me . Yes, LTC is undervalued, it only need is a wave to reach that point, let's hope it will come soon. If btc soon don't solve it slow transaction and high fee then it will happen with in few month.
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resteem and upvote for you....
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aww thank you @lautenglye, thats very kind of you. Thank you for the support. Just doing it for the community
:-)
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u r welcome...
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I agree!
Please upvote resteemit comment on my post and follow me @mlmtraffic
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I agree that Litecoin could have potential, but I disagree with your notion that valuation of currency is necessarily based on total supply. The value of any asset is based on what people are willing to pay for, not how much of it is available. Just because Litecoin has a larger total supply doesn't mean it will automatically be more valuable, even with the current growth.
I think Litecoin has some good things going for it like you mentioned with Segwit activation and the lightning network - those can definitely make it more valuable. It's kind of hard to tell where it will be in the future though - I personally think there are some benefits to Litecoin over Bitcoin, but we'll have to see longer term if the market shares that same perspective.
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@xerdo, thats not the angle im looking at these investments, im looking at these investments at the fundamental level of technology. They both are ran with the same algorithm but different supply. Litecoin was a copy of bitcoin with a change in supply. I believe as Bitcoin climbs, it should make Litecoin rise in value, Litecoin has been lagging, and has to catch up as Bitcoin rises. Yes, I understand, its based on technology and development and potential for commercial use and so on. When Litecoin activated Segwit, they surpassed bitcoin in development. Its just at a great value in comparison to the entire market.
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Yeah I can kind of understand that - Litecoin is more palatable right now to the average investor at a price of $30 vs Bitcoin's $2400+, and there is definitely something to be said for having a larger supply of coins, even if they are divisible into smaller amounts. Litecoin has historically trailed behind Bitcoin in market price too.
I guess what I mean more is that if you look at the recent price graphs, Bitcoin goes almost straight up while Litecoin has been floating around $25-$32 or so during the same period, which indicates to me people aren't as sure about it. I think Litecoin could continue to climb with Bitcoin, I'm just saying it's not a guarantee.
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Are there any major corporations or projects interested in Litecoin?
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Fidelity will be adding Litecoin, Bitcoin, and Ethereum to their website for investments integrated through coinbase. Giving Fidelity account holders access to these coin in Q3 2017
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I'm really curious to see what will happen with this, hopefully it will continue to grow confidence in the technology and maybe we'll see more investment then.
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No. But I might agree that it could be a good value pickup.
While litecoin has some things going for it.
You can't simply divide btc by some number and assume it's undervalued. You need to look at utility, stability, and innovation. BTC & ETH have had the edge in these areas.
As it stands now LTC is going to be poised with an opportunity to gain. With BTC inevitabley hardforking making BTC less stable and value split between 2 different coins. So it may be a good coin to buy and hold for a few months.
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I agree choosing lesser known cryptocurrencey will be more prosperous than bitcoin and will be looking at investing in litecoin and ripple
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@danielzandberg great on Litecoin, Ripply ehhhh just know that the banks own 70% of the outstanding coins, making it very centralized.
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@tkntobfrk - its not just some number, its real math. As Bitcoin prices out the little guy, which there are more poor people that can afford a $30 coin vs a $2500 coin and are looking for growth, you must look at Litecoin. From your perspective of utility, stability, and innovation; Litecoin has a strong track record in all 3 categories and surpasses Bitcoin in those categories arguably. But thats what makes a market, opinion and speculation. Its wise to zoom out and look at the fundamentals, its the same technology, algorithm, a copy of bitcoin with a slight change in supply. Litecoin activated segwit which already makes it more innovative than Bitcoin. You will see, as the bitcoin market prices out the little guy, Litecoin is going to look more appealing.
Also in some news - BitStamp will be launching LTC in UK sometime in June. Fidelity will be adding all 3 - Bitcoin, Ethereum, and Litecoin to their web platform, to give their users access to these investments in the Q3 2017.
BETWEEN ALL 3 - Litecoin is the winner when considering price to value.
Thank you for your comment. Im sure there are many that share your opinion. But I strongly believe this coin can absolutely double from where its at now.
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Methinks that Litecoin is not only as good as Bitcoin...but better! Cheers @mobileceo! I hold btc, ltc & eth.
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@bitcoinsky thats awesome! Stay well and thank you for leaving a comment.
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Good stuff Im in the same boat and as crypto marked matures there should be more investments in Litecoin - I dont own much but put most in LiteC, put more into the real SILVER as that will never be maniplated
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@frankietee I agree with you. Why not invest in both assets rights some real silver and digital silver. They both can pay off very handsomely in the future. :-) stay vigilant and patient.
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I too have way more tied up in real silver having swallowed the advice of the doomsdayers a few years ago. Lets just say that I am long .. very long. Silver never paid me to own it and it is a very manipulated market. Try googling it and you will see over 25 million results.
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@whitesj40
Yes but the problem with physical silver is this. It manipulated right? Money ran out of Silver when it hit $49 Dollars in 2011 -2012 into the stock market and real estate. As we experience for cyber attacks, more corrections in the stock, real estate, and bond market. You can definitely bet Silver when pay you out, along with gold and cryptocurrencies.
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yes silver is manipulated
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The Crypto markets are crashing as of now. It will be interesting to see which coins regain there previous value... I think this will weed out some of the weaker coins and give rise to the legit players. I to believe litecoin is one of them. good luck to all invested and thanks for your post.
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No problem @goldraybob There was a piece of me that felt a correction was coming due to everything taking off 20x their previous value, which have to come back down to reality. However, I believe this was a great opportunity for new investors who were not exposed to the cryptomarkets to come back in and join the party. I hope you have a prosperous week.
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Another Great Post!! Thanks
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Anytime @scotte35 thank you for leaving a comment. I will try to keep them coming.
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Nice post. I was about to start a similair discussion. Though prices might seam inflated for now I don't think they will look like this 2, 3 years from now. An interesting website I found: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. For example: https://www.coincheckup.com/coins/Bitcoin#analysis For the Bitcoin Analysis
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Please upvote resteemit comment on my post and follow me @mlmtraffic
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Great post.
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thank you @richguy I will try to keep it coming.
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welldone
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thank you @richguy
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This post has been ranked within the top 25 most undervalued posts in the first half of May 25. We estimate that this post is undervalued by $29.94 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 25 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
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Litecoin does not use the same algorithm as Bitcoin!
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@doesntmatter you are correct BitCoin uses SHA and Litecoin uses Scrypt, however they are both heavily encrypted with the same level of protection. Kudos for pointing that out, I'm editing the article to fix that incorrect statement.
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good article, i have also litecoins but litecoin does not any thing which is better than in bitcoin and not really an innovation which bring value more than btc. look at other coins which are developed much more than the old litecoin which I dont see any developement progress since 3 years only some small upgrades! Look at bitshares, nxt, ardor, waves!
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will do @ selfmadeboss thank you for the insight. Stay vigilant Litecoin will be lucrative down the road, definitely this year.
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I am holding until mass adoption my Litecoins but I focus on the other cryptos now which I see a bright future and developement progress.
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yes PIVX is another coin I'm very bullish on. @selfmadeboss
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Excellent article! I think that you are right, the cryptocurrency universe is growing (over 800 coins and assets now) and there are lot's of opportunities for reward. While it may seem that Bitcoin has risen too far out of the average persons reach, I believe that the time to invest in Bitcoin is now, it will only rise from here as Cliff High's ALTA report states. However, one must be careful not to simply jump on the crypto bandwagon and as you say, you must do due diligence, as there are traps, pitfalls and scams in the cryptoverse.
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well said and thank you for the compliment and leaving a comment. Follow us for more articles like this. @polichick we appreciate ya!
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Thank you ! I just followed you and I look forward to more articles by you :)
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LTC has been my favorite for awhile, certainly hope your predictions come true
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I hope so as well. Thank you for dropping a comment.
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It's just a clone, you can also clone Bitcoin and make your own litecoin with as many coins as you want, it doesn't make it worth anything.
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Very true, the entire market is based on speculation and trust. Money is given value by the amount of trust we instill in it. Feathers, Eggs, Meat, Gas, Oil, etc in history, was considered money. However Litecoin and Bitcoin have a unique property that those items don't have, its divisible, fungible, and transferable. @najoh
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Hi, I've seen some of your publications I'm going to follow, follow me and let's collaborate together =)
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@otitrader will do! Thank you, yes lets.
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That was an excellent comparison. Thank you for providing the numbers.
Best regards
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your welcome and thank you for leaving a comment, read some of my other publications as I believe they will be insightful. I will providing some other news relating to business, economy, cryptocurrency, and other insights that may very well benefit your life. @gatmi
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Thank you. I have read a couple others, and plan on reading more.
Best Regards
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Thanks!!
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even if not 130 it can definitely reach 60 dollar in a months time...
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and thats being conservative. @bhightech triple from where its at now.
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That's an amazing comparison. Doesn't hurt to buy some cheap Litecoins for investment purpose.
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Your message covers exactly what i have been thinking, i am holding litecoin watching other coins that i think have less value go up in price .... it must be litecoins turn soon !!
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Excellent article. I am feeling the same way myself. Jeff Berwick over at the Dollar Vigilante is expecting a pull-back in Cryptos and especially in Bitcoin. Transaction time is becoming too long. SegWit is a solution but it will take six months to be implemented. Litecoin has already this done. Has anyone heard of any downside to the SegWit on Litecoin?
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@mobileceo informative post
for an intresting read about litecoin :-https://steemit.com/cryptocurrency/@pps/litecoin-complementary-to-bitcoin
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Well - if you would have bought Bitcoin a month ago, you could have doubled your money already.
Litecoin has been annoyingly stable...
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Great post. Thank you. I have a question. When LTC will reach 84,000 coins? It will be interesting to see what would happen then with the miners
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Been debating investing in LTC and you make a very valid point for it.
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Its a great value buy. Over the summer you will see some price increases, and I dare say new highs. @satarmaxa
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