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DISCUSSIONLitecoin finally launches optional privacy. Love or hate Litecoin, this is bullish! (self.CryptoCurrency)

submitted by Two_Pickachu_One_Cup834 / 9K 🦑

Yes this is a litecoin shill post. Before you all comment your usual anti litecoin comments please let us have one shill a year that is not the same recycled shills on this subreddit! Comon, litecoin only ever does something once in a blue moon!

The reason most people don't make money on crypto is that they measure a coins worth by it's price performance.

This means they are inclined to chase a coin that has already pumped, meaning minimal to no gains. Their judgement is clouded and they fail to objectively analyse a coin by it's fundamentals. I am sure I am not the only one here who is sick of seeing the same coins shilled over and over again in this reddit when they have clearly already pumped!

With the implementation of mimblewimble, Litecoin now has optional privacy.

Furthermore Litecoin is like that annoying sports all rounder on your team that can do a bit of everything.

Smart contracts, nfts, store of value, brand recognition, has lasted 10 years survived multiple bear markets and to top it all off 100 percent uptime with low transaction fees. Not only that it is accepted everywhere bitcoin is accepted and has a growing not decreasing userbase.

Price will catch fundamentals, for the savvy investor Litecoin is a great choice as part of a balanced portfolio as it is seriously undervalued but fundamentally solid.

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[–]Mr_DepressedTin 36 points37 points  (9 children)

People talking about Litecoin?!

[–]aaron0791Platinum|QC:LTC146,CC32|CMcritic|NANO6|TraderSubs63 4 points5 points  (0 children)

You should support coins that last with no downtime. Not coins that cure cancer that are yet to be proven.

[–]LightninHooker83 / 16K 🦐 1 point2 points  (2 children)

Exactly. "love it or hate" ... The word OP was looking for is "indifference" (great song by Pearl Jam btw)

[–]Two_Pickachu_One_Cup834 / 9K 🦑[S] 0 points1 point  (0 children)

That's a sick song by pearl jam

[–]Eeji_Platinum | QC: CC 554, DOGE 46, BNB 42 | FOREX 16 | ExchSubs 42 -1 points0 points  (0 children)

last time i heard about litecoin was about a fake walmart bs, nice to see some legit good news lol

[–]dav_oohTin 0 points1 point  (0 children)

Honestly. I’m here for it tho.

[–]CounterAdmirable42180 / 4K 🦠 29 points30 points  (21 children)

Seriously undervalued is correct, I believe the MW extension block will be the price movement catalyst for LTC.

[–][deleted] 25 points26 points  (11 children)

Litecoin is simple, useful, practical, and endearing. I will always support LTC

[–]Extension_Earth_888Tin | 2 months old | CC critic 9 points10 points  (1 child)

Love LTC

[–]hunter095095 / 90 🦐 0 points1 point  (6 children)

what do you think would be a realistic price for LTC?

[–]CounterAdmirable42180 / 4K 🦠 3 points4 points  (1 child)

Bitcoin price x 0.025 is what I’m hoping for on the ratio this year.

That would make each Litecoin worth between $1000 to $2000 depending which direction the Bitcoin price goes.

I believe that’s a conservative ratio, it could go higher than that.

[–]hunter095095 / 90 🦐 0 points1 point  (0 children)

Hope it comes to those numbers! That in the long run makes LTC a nice and relatively safe investment in terms of risk

[–]fluentinimageryBronze 0 points1 point  (3 children)

Price of BTC (divide by 340 or 350) and that’s your LTC price… forever.

[–]hunter095095 / 90 🦐 1 point2 points  (1 child)

If I may ask, how did you get to those numbers? I understand that no one can see the future and it can literally go either way, but I do find it interesting to see what people think and whether it is based on something

[–]fluentinimageryBronze 1 point2 points  (0 children)

I just looked at btc & ltc price over past 5 years… that was the average. Totally unscientific.

[–]MrsBoltonTin 36 points37 points  (8 children)

Solid shill and thoughtful write-up, I also am bullish on Litecoin and increased my bag during this recent dip 😎

[–]vstipic23 10 points11 points  (2 children)

Same here. God knows what will happen, but there is enough of green flags to feel bullish about it if bullish makes a return on this market.

[–]MEISENSTEIN964 / 964 🦑 6 points7 points  (1 child)

It also follows BTC pretty strictly and only has 4x the total supply of BTC. And it’s better and faster etc. It won’t ever be the first mover that BTC is but people actually use it, every day, a lot.

[–]MEISENSTEIN964 / 964 🦑 3 points4 points  (1 child)

Me too. Nothing crazy but I have a decent bag.

[–][deleted] 2 points3 points  (1 child)

I'll take a shill about LTC any day than from the hundreds about LRC. Both useless, but LTC at this point is adorable.

[–]dontknowtoo683 / 684 🦑 1 point2 points  (0 children)

LTC will get a pump if DN sites start implementing LTC payments like they did BTC/Monero because of the prifacy update dont underestimate what the DN has done for crypto addoption and price increase. Also LRC is pretty much useless right now because they are still in development of the zkEVM. As soon as that drops usability is going boom every DEX and there mother will be on LRC soon after.

[–]Hermes_Trismagistus10K / 10K 🦭 23 points24 points  (2 children)

Nice to see Litecoin get some love.

[–]shitpplsay 10 points11 points  (3 children)

Nice...cuz i was always too embarrassed for people to know I held LTC before, but now with extra privacy I can rest easy again.

[–]NotRobotOrCookieMonGold | QC: CC 26, ETH 21 | TraderSubs 19 2 points3 points  (1 child)

I see what you did there, the shills are too busy to notice.

[–]PrinceZero19940 / 130K 🦠 15 points16 points  (1 child)

It's about time LTC to reach all time high again.

[–]voidcrawlerPlatinum | QC: CC 76 8 points9 points  (1 child)

Litecoin seems to be the underdog. Still present in the top lists and since nearly the beginning member of the party

[–]djuro94Platinum | QC: CC 50 5 points6 points  (3 children)

I think you can't love or hate Litecoin tbh. Coin itself is so neutral.

[–]Totesthegoats0 / 4K 🦠 2 points3 points  (1 child)

Yeah to love or hate litecoin you would have to actually think about it

[–]Real-Toe27493 / 4K 🦠 7 points8 points  (1 child)

I've been waiting for the MWEB upgrade a long time.

[–]Main_Sergeant_40954 / 10K 🦑 7 points8 points  (1 child)

Ltc is such a solid investment right now

[–]southernman9191Tin 3 points4 points  (1 child)

i’ve flipped small amounts off and on over the past couple of years and have been profitable doing it.. currently holding some now waiting for a bounce

[–]zack149810 / 9K 🦠 5 points6 points  (5 children)

The only way you could hate Litecoin is if you bought it in 2017.

[–]ACorDCPlatinum | QC: CC 755, ETH 26 6 points7 points  (3 children)

Also 2019 and 2021 lol

[–]MEISENSTEIN964 / 964 🦑 2 points3 points  (1 child)

Hit all time high of over $400 in 2021….just trying to silence some of the haters.

[–]pm_me_ur_nc_tittiesTin 6 points7 points  (1 child)

LTC has been in the top and never fell off the top coins over the decade.

[–]wal_king_disasterHODLing since 2016 3 points4 points  (3 children)

What year is this?

[–]overprotectivemoosePlatinum | QC: CC 131 1 point2 points  (1 child)

Sir this is 2015

[–]shin_jury23 / 6K 🦐 3 points4 points  (1 child)

Why would anyone hate Litecoin? It’s quite innocuous.

[–][deleted] 1 point2 points  (1 child)

About time god dammit my LTC holdings have been awful lately

[–]Spartan050892342K / 2K 🐢 1 point2 points  (1 child)

There is nothing wrong with LTC and nothing to suggest that some other comparable project with a dog in the name won't totally eclipse and replace it next year.

The market is stupid. Don't tell me what smart money would do.

[–]BicycleOfLifePlatinum | QC: CC 397, LTC 26, ETH 15 | CRO 5 | Politics 50 1 point2 points  (0 children)

If you are looking to buy coins because of their price performance, you are always going to be buying high. Litecoin is that coin right now where you look around and you are like, really??? I can get this at this price?? It makes me so bullish when idiots try to use price performance of LTC to justify not buying it, but if you think about it, it’s kind of the only thing they can use to justify it. It has the same code as bitcoin so you can’t claim it’s built poorly, and it transacts faster and cheaper. It’s been UP FOR 10 YEARS! Its also almost as adopted as Bitcoin, second most decentralized and secure. It’s only issue is that it’s boring like bitcoin, but lives in its shadow. It was first to SegWit, but Bitcoin got it soon after since they share the same code, anything adopted to one can be adopted to the other. Litecoin is getting taproot as well. The only update Bitcoin will NEVER get is MWEB because Bitcoin will never implement privacy like that. But Litecoin can and it will finally stand out against bitcoin.

[–]John-McAfeePlatinum | QC: CC 467 2 points3 points  (0 children)

Glad to see Litecoin news. Honestly, it’s so much better than 99.99% of the shitcoins out there.

[–][deleted] 1 point2 points  (5 children)

Is this transaction anonymizing or are wallets also anonymized? Have not read into mimblewimble at all, just see it mentioned here and there. Maybe it'll be a price catalyst but privacy coins haven't had the best 5/4 years since 2017/18. Monero has been fine but not crazy 2020/21 highs compared to 2017. Zcash, pivx, navcoin, etc haven't shined yet. Secret had it's pump but that has smart contracts and I'm not sure how it's value peak compared to its Enigma days

[–]Two_Pickachu_One_Cup834 / 9K 🦑[S] 7 points8 points  (2 children)

Its a really valid point. I think the key thing that separates litecoin from the pack is that it has existing infrastructure that has had 100 percent uptime and a growing userbase. The other coins you have mentioned do not have all this.

What makes litecoin even more interesting is that it has all the features of top 200 coins rolled into one. Will this make it stand out from the pack? Time will tell but people often forget that users and infrastructure are king in this space. Your coin can have all the bells and whistles in the world, but if people don't actually use it it's going to die.

[–]MEISENSTEIN964 / 964 🦑 4 points5 points  (0 children)

Read up on it more. LTC has not simply switched over to the dark side by adding privacy. You will be able to make transactions public or private. You can switch back and forth with every transaction if you like. The lite coin foundation posted a really good article about it with some nice examples.

[–]chapaeme0 / 5K 🦠 1 point2 points  (1 child)

privacy is underrated

[–]SupercharmeleonPermabanned 0 points1 point  (1 child)

I don't think I've heard of Litecoin in.... years.

[–]MEISENSTEIN964 / 964 🦑 1 point2 points  (1 child)

SERIOUSLY READ THIS AND START TO CARE. IT HAS BEEN A LONG TIME COMING. https://litecoin-foundation.org/litecoins-pivotal-mweb-upgrade/

EDIT: OP, put this link in the body of your post. It is from the Lite Coin Foundation and fully details the MWEB update.

[–]squAIRwavesPlatinum | QC: CC 35 1 point2 points  (9 children)

It’ll help LTC take some market share from Monero, Zcash and Dash

[–]bigbillybob786Tin | 0 months old 4 points5 points  (1 child)

Maybe dash and zcash but monero has mostly a static userbase. Nobody holding monero is gonna sell it for ltc, and people that use monero for anonymization of other crypto won't use LTC because monero has far less kyc requirements.

[–]LittleCluckPlatinum | QC: LTC 138, CC 70 | TraderSubs 126 0 points1 point  (0 children)

Pretty sure no one holds monero! Lots of boating accidents lately

[–]dsmlegendBanned 6 points7 points  (5 children)

Why tho? What Monero holder will say "mmm, let me convert my Monero to Litecoin so that my transactions are now at greater risk of being traced"?

[–]dontknowtoo683 / 684 🦑 0 points1 point  (3 children)

You can buy LTC on most Crypto ATMs there are ones that dont have KYC i didnt see one yet that supports monero.

[–]dsmlegendBanned 2 points3 points  (2 children)

Not a problem. I do often buy LTC, in order to get XMR. It's just one swap away. I appreciate the advantage you mention, but this is no motivation for someone who has XMR to decide to switch to LTC.

The mobile wallet Monerujo even let's you seamlessly pay btc/ltc/etc from your XMR balance, via integrated exhange partner. Very convenient :)

[–]dontknowtoo683 / 684 🦑 0 points1 point  (1 child)

I dont think it is a motivation for XMR users to switch also. But it could be a new use case for LTC nontheless for other people.

[–]dsmlegendBanned 1 point2 points  (0 children)

That's fine an dandy. I was speaking to top commenter's comment about taking market share from Monero. No one who gives a damn about privacy will opt for LTC over XMR, because of MWEB. This is just a win for current hardline LTC users.

[–]ggriff1Platinum | QC: CC 929 0 points1 point  (5 children)

Litecoin is great if you eat mayo sandwiches and listen to Kenny G

[–]Two_Pickachu_One_Cup834 / 9K 🦑[S] 2 points3 points  (3 children)

Not quite sure I get the reference, but a mayo sandwich sounds quite nice!

[–]ggriff1Platinum | QC: CC 929 1 point2 points  (0 children)

Litecoin is very boring and plain but not in a Honda Civic way

[–]Alex_The_Old_KidPlatinum | QC: CC 248 -2 points-1 points  (1 child)

Nothing against LTC, but i do think it s time to shine is over for a while now. Could be wrong, but i sold mine ages ago.

[–]beforeyoureyesTin -1 points0 points  (8 children)

Kinda worries me that people here think this makes LTC’s “privacy” even remotely comparable to XMR.

Optional privacy will never be real privacy.

[–]Two_Pickachu_One_Cup834 / 9K 🦑[S] 1 point2 points  (6 children)

Its quite clever in my opinion. XMR is a great coin absolutely love it. But it won't get listed on exchanges because exchanges need to comply with regulation. Optional privacy allows exchanges to comply. Whether you like it or not this is the reality of things.

[–]beforeyoureyesTin 1 point2 points  (2 children)

I didn’t say that it wasn’t clever? You’ve completely missed my point.

This is undeniably a bullish improvement for LTC.

My point was that people here seem to think this raises LTC’s level of privacy to that of XMR’s, which it doesn’t.

[–]dsmlegendBanned 0 points1 point  (0 children)

And isn't that what crypto is all about, after all? Pandering to regulators so that we can have permission to play nice? Compromise is the road to freedom, and all that.

[–][deleted] -1 points0 points  (1 child)

LTC bleeds against ETH.

[–]Novel_Bonus_2497crypto-hobo -5 points-4 points  (2 children)

People still holding LTC? why?

[–]dsmlegendBanned -4 points-3 points  (1 child)

In related news, you can convert all your litecoin to monero for full default privacy, at the low low cost of 0.1% on Mandala exchange.

[–]Regret-Select348 / 349 🦞 0 points1 point  (0 children)

Litecoin seems good to me, definitely been around a while too

[–][deleted] 0 points1 point  (0 children)

Could you at least spare a couple of words what the technology does and how?

[–]fluentinimageryBronze 0 points1 point  (0 children)

LTC bats .280/13 HR/66 RBI and plays a solid 2nd base year in, year out.

[–]rockstargainzBitcoinium | BTC: 420 0 points1 point  (0 children)

neat

[–]nerds-and-birdsPlatinum | QC: CC 35 | GMEJungle 10 | r/WSB 216 0 points1 point  (1 child)

[–]Two_Pickachu_One_Cup834 / 9K 🦑[S] 0 points1 point  (0 children)

It says literally in the post optional privacy.

[–][deleted] 0 points1 point  (0 children)

That's a good shill, just at fine level.

[–]dsmlegendBanned 0 points1 point  (0 children)

In my opinion, you shouldn't get your hopes up for LTC as a grand investment opportunity. It's a fine tool, which I am happy to use. I don't get excited about oats, but it gets the breakfast job done.

[–]dsmlegendBanned 0 points1 point  (0 children)

In my opinion, you shouldn't get your hopes up for LTC as a grand investment opportunity. It's a fine tool, which I am happy to use. I don't get excited about oats, but it gets the breakfast job done.

[–]ravechickenPlatinum | QC: LTC 158, DGB 67 | TraderSubs 111 0 points1 point  (0 children)

🤍

[–]EverythingsPlatinum | QC: CC 154, XMR 78 | Superstonk 238 0 points1 point  (0 children)

Optional privacy isn’t privacy -Monero shill