Litecoin's outlook and investment.

If you've seen my blog steadily, I've repeatedly stressed that I have a very positive view of Bitcoin, most of the other cryptocurrencies will lose their value, and that Bitcoin can remain until the end and use it as a container for assets. He also owns Bitcoin, and now his value has risen a lot, making some profits.

 

Charlie Lee, the founder of LiteCoin.

In fact, most virtual currencies are just meaningless speculation methods, and the argument that Bitcoin is the most likely virtual currency to preserve value is still valid. However, as global payment solution companies such as PayPal have adopted some cryptocurrencies as payment methods, I think that cryptocurrencies other than Bitcoin may also be used as a container for holding assets or as a means of exchanging values.

After much consideration, I decided to collect Litecoins. Litecoin is the oldest virtual currency after Bitcoin. Since it is a virtual currency released in October 2011, it has been nearly 10 years and has a longer history than Ethereum, which was created on July 30, 2015.

The reasons for the decision to invest in Litecoin are as follows.
1. Most of the coins held by the founder of Lite Coin have been disposed of.
2. Coin that maintains an open network that can be mined.
3. Bitcoin is recognized as digital gold, and Litecoin itself advocates digital silver.
4. The total amount of issuance is 84 million, four times that of 21 million Bitcoin, maintaining adequate liquidity and scarcity.

First, let's look at the first case. The reason Bitcoin is truly a decentralized virtual currency is that its influence has disappeared without knowing who Satoshi, the founder, is. Several people have claimed to be the founder of Bitcoin, but there is not a single person objectively proving it. In addition, Bitcoin was recognized as a true decentralized currency that escaped the influence of a specific person because its founder disappeared.

Litecoin definitely has a founder named Charlie Lee. However, since most of Charlie Lee's Litecoins were disposed of, although he created them, the Litecoins were freed from his exclusive property. Before most virtual currencies are released, the founder or specific group pre-mines or launches after securing supplies. This is an act that greatly undermines the transparency of virtual currency and reduces reliability. However, LiteCoin resulted in increased reliability and transparency as the founder disposed of most coins. Of course, when Charlie Lee disposed of most of the coins, he was criticized a lot. But now that point is working positively.

Ethereum is the second largest cryptocurrency after Bitcoin. Ethereum is a virtual currency developed by a programmer named Vitalik Buterin. In addition to the function of money, various additional functions are combined, and it is in the spotLite as a coin that presents the future of virtual currency. But personally, Ethereum is too influenced by Vitalic Buterin.

It is clear that he is an outstanding genius, but considering his influence on Ethereum, it seems clear that every remark is not serious and Lite. Rather, Vitalic Buterin seems to be focusing on further strengthening his influence on Ethereum. In the long run, this will significantly reduce confidence in Ethereum.

The second reason is that Litecoin uses an open blockchain network, so anyone can participate in mining. Surprisingly, not many coins use the released blockchain among coins that are rampant in the virtual currency market. Ripple, one of the major coins, uses a private blockchain, so the general public cannot participate in mining. In other words, it is not decentralized, and it means that there is little difference from centralization.

The third reason is that Bitcoin was born in the beginning and Bitcoin was silver. The value of Bitcoin has risen a lot. Historically, when gold soared, people flocked to silver. Considering the structure similar to Bitcoin, the public blockchain network, and the small influence of the founder, I think Bitcoin is not Ethereum, but Litecoin. It is meaningless to evaluate the value of coins with the technology of the blockchain. Bitcoin is the first blockchain virtual currency, but it is technically the most lagging virtual currency. However, its value is so unique that it cannot be compared to other coins. This means that technology and coin value are not related.

The fourth reason is liquidity. Bitcoin has a limited issuance of 21 million. This is not enough for global use. Of course, considering scarcity such as gold, the limited issuance is related to an increase in value. Litecoin is four times the total amount of Bitcoin issuance, or 84 million, and is considered to be a value that properly considers versatility and scarcity. In terms of scarcity, about a quarter of Bitcoin is appropriate. But now it's much undervalued. For this reason, we think of Litecoin as an appropriate investment destination. Of course, Bitcoin is the most stable and reliable investment destination in coins. However, at this point, Litecoin is much undervalued than Bitcoin, so we are paying attention to Litecoin.

There are still many people who call virtual currency fraud. Honestly, it's not very wrong. This is because most virtual currencies return to a principle that is not much different from fraud. But among them, there are definitely coins that can cover good and bad and invest. If you are burdened with the rising price of Bitcoin and are willing to invest in virtual currency, please pay attention to Litecoin.