Posts about Litecoin
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2wlj3/styles/communityIcon_6ddnoarvwchb1.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2zcp2/styles/communityIcon_gflpzojnfs621.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2si5v/styles/communityIcon_zteh2uijqwe31.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2wn4q/styles/communityIcon_g059xidf6jq81.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2s3qj/styles/communityIcon_0b7iyz6hc6i51.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://b.thumbs.redditmedia.com/JU-wLC9f1XJIRWiHlHls5GDMUcickAvpsS_NkyleyVc.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2zq7t/styles/communityIcon_2eskrq7nri871.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_37jgj/styles/communityIcon_l7xonpvbt0e61.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://b.thumbs.redditmedia.com/NIbkywHRGL0VPaRylMleuWbTrdSUJ9R5tSGjEZFoxSM.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://b.thumbs.redditmedia.com/aPqJW2u4QwaTp_oUgsvgXE2XQTD6Z4dpbwepe6J1GDo.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2woql/styles/communityIcon_o4vw3ltss2t61.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://b.thumbs.redditmedia.com/IgijRk3lzYmqAJDwras0Uij12_KMCQUDQGwGihsNqTY.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_3fzwp/styles/communityIcon_0z9dfrbsy6u61.jpg?format=pjpg&s=eab99df15fb701c235c626064a844a210a07d3f3)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_fe4q8/styles/communityIcon_2nf0tu4qk2d41.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2r9sg/styles/communityIcon_d8ohh5izosd61.jpg?format=pjpg&s=01c59564a6fb96946dd45f331a1b36d92ec6c05c)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_35ity/styles/communityIcon_k296yks26ey71.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2w071t/styles/communityIcon_busgau1k5ae51.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_4br49/styles/communityIcon_c5kj4jk36zz71.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_5dacx8/styles/communityIcon_ghc59a4cgw081.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2x3a8/styles/communityIcon_2wix58gnyq961.jpg?format=pjpg&s=318a703f10940d7ca720673e57d7c05647eda1ba)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_3m0vd/styles/communityIcon_7de8nqlxa1091.jpg?format=pjpg&s=27aba1fd38f2edbb27d9d09e849de7bfd2cf2708)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2zf9m/styles/communityIcon_hebckbd64w811.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://b.thumbs.redditmedia.com/OzxZFxZxDbwa6rn_bWKjZEshMQFr4M5Khz5Lds9e-VQ.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_2zqpf/styles/communityIcon_59wzw88tcb8a1.png)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_3ug1ww/styles/communityIcon_89b6mtsapjbb1.jpg?format=pjpg&s=2f17eff7cd76a49381ac1b524ce9334da76d61a6)
![Subreddit Icon](http://web.archive.org./web/20230912104027im_/https://styles.redditmedia.com/t5_32s8k/styles/communityIcon_jy3tzrbuxrk31.jpg?format=pjpg&s=6ddfeed49dfcdb29edea4f67ab776350adb7653b)
![](http://web.archive.org./web/20230912104027im_/https://www.redditstatic.com/desktop2x/img/renderTimingPixel.png)
12 months ago I wrote here that Litecoin had delivered its 100 millionth transaction over 10 years. In just one year it added to that very large base another 39% increase in transactions. Off chain stats tell a similar story with the oldest crypto payments processor BitPay seeing growth of Litecoin to 27% of all payments, just shy of exceeding the share of all other altcoins on the platform COMBINED. Before Litecoin was added, Bitcoin was well over 50% share while eth and bch managed around 11%. Litecoin changed the game.
For years I've heard people downplay the importance of payments, they were less sexy than smart contracts, yesterday's news, but everything moves in cycles. The cycle where litecoin outperforms smart contracts has already begun, those chains are bleeding against ltc. That's the inflection. Since Litecoin didn't outperform in the '21 bull market, and thus didn't take on long leverage it has to work off now, will there be short leverage, thanks to Mike Novogratz's buddies that it gets to work off in the other direction? What happens next year as we approach litecoin's 3rd halving?
All we can do is look back. It's not predictive, but it is informative. In 2015 coming out of the first cryptowinter, litecoin 7x'd outperforming everything early in the cryptothaw. In 2019 it did similar 6x'ing against the grain and with Mike Novogratz openly shorting it (I suspect he and his will be less open about what they're doing this time). In neither instance was litecoin's payment dominance so pronounced. It's infrastructure was better than average back then, it's incredible now.
I absolutely believe litecoin deserves outperformance this year more than anything else out there, partly because of how much it has outperformed on adoption and how much it's underperformed in investment. Litecoin is Deep Clucking Value. Some will say fundamentals don't matter, it's all just a casino, but I believe while markets are a popularity contest in the short run, in the long run they're a weighing machine. LTC's network has performed like a boss in every fundamental, adoption above all. Will the market give it what it deserves? Buckle up for 2023, we're about to find out.
![](http://web.archive.org./web/20230912104027im_/https://www.redditstatic.com/desktop2x/img/renderTimingPixel.png)
The most frequent snarky comment I hear about litecoin is that it has no use case. My reply is always, then why are so many people using it?
It took just 3 months on bitpay.com/stats to exceed the transactions of every other altcoin on the platform, the top of which had multiple year headstarts to secure their leads. Coinatmradar shows litecoin has more atms than any other altcoin. The number of exchanges, payment processors, trusts, exchange traded projects, brokerages, direct retail relationships, point of sale terminals and many more alone tell the tale. Litecoin has the users.
The second most popular snarky comment is "well, it gets infrastructure just because it's old". It doesn't take a whole two brain cells to know that doesn't make sense. Namecoin is older than ltc, 10s of thousands of projects are pretty old, all dead or close enough. It's costly to build and maintain infrastructure and keep projects up to date on it, infrastructure providers take dead projects down, they don't keep adding them. Litecoin just keeps growing, thriving in infrastructure while some not dead projects struggle to get and keep basic infrastructure. All for the same reason... users matter.
My investment thesis inside and out of crypto is that ultimately investors follow users, even when they prefer not to. Quibi was an example of investors thinking they could force users into something no one wanted and many of you can probably think of other dumb VC wall street crap that didn't pan out. Right now, there is a growing contingent of that in crypto, pushed by the likes of mikey novogratz and other hedgies and vc dudebros.
Feel to play around there if you think you can get out before the exit scammers, but don't forget that in the longer run, what matters is network effect, from users, to infrastructure, and the deeper and broader those network effects, the harder they were to build, the longer they'll last and keep generating new growth.
For more questions about Litecoin, see this writeup I posted here a few months ago: https://np.reddit.com/r/CryptoCurrency/comments/r23ufg/litecoin_is_deep_clucking_value_an_exhaustive_and/
![](http://web.archive.org./web/20230912104027im_/https://www.redditstatic.com/desktop2x/img/renderTimingPixel.png)
Hi guys, as you know I'm Venezuelan living here crypto enthusiast, weeks ago I posted my experience going to a supermarket where crypto is accepted here in Venezuela paying with Bitcoin, it was good.
I went again this time to buy some things I needed and this time I used Litecoin (encouraged by a fellow redditor that wants to remain anonymous), in theory it should be fast and cheaper and it was!
The cashier screen, after I told my I wanted to pay with Litecoin:
And the transaction:
The fee was 0 (Yes, 0 USD). It was really fast, less than 1-2 minutes for the 1st confirmation, they showed me a QR code, wait 1-2 minutes and done.
I would totally recommend it!
I couldn't hodl the LTC, anyway I was going to exchange them to Bolivares or USD to purchase the items shown in the picture, so if LTC goes to 1K that would make me feel better.
As always, inflation here is crazy (anything under 10% MONTHLY is like a miracle) and since 2007 , 14 zeroes have been removed from the currency (last time 6 zeroes in 2021).
Any question, suggestion or request let me know!