What do you all think about Litecoin? Do you see it making higher prices, or do you think it needs to pullback? Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! ———————————————————————————————————- Patreon: Telegram: Alerts | Discussion | Discord: Donate BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV ETH: 0xa34d3461ae04953489e9aa464689c022836751d0 Want to start trading cryptocurrencies? Sign up through this link to get of free bitcoin with your first purchase of over 0 Want to start trading coins? My top choice is Binance. Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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What is Litecoin? And how is Litecoin different from Bitcoin? Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network. These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin. Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee. It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI. In May 2017, Litecoin became the first of the top-5 (by market cap) cryptocurrencies to adopt Segregated Witness. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second. What is difference between Litecoin and Bitcoin? Litecoin offers mainly three differences from Bitcoin. 1) The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin’s 10 minutes, which its developers claim allows for faster transaction confirmation. A drawback is a higher probability of orphaned blocks. Advantages can include greater resistance to a double spending attack over the same period as Bitcoin. However, total work done is a consideration. For example, if the Litecoin Network has comparatively ten times less computing work done per block than the Bitcoin network, the Bitcoin confirmation is around ten times harder to reverse, even though the Litecoin Network is likely to add confirmation blocks at a rate four times faster. 2) Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard. 3) The Litecoin Network will produce 84 million Litecoins, or four times as many currency units as will be issued by the Bitcoin Network. The original intended purpose of using Scrypt was to allow miners to mine both Bitcoin and Litecoin at the same time. The choice to use scrypt was also partially to avoid giving advantage to video card (GPU), FPGA and ASIC miners over CPU miners. Due to Litecoin’s use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256. This is widely due to the Scrypt hashing scheme being more memory intensive; increasing memory requirements for ASICs and FPGAs. litecoin uses | litecoin pool | litecoin
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There are a number of reason one would want to Export a private key, here’s how. 👓 Command Lines (Core Wallets): – Walletpassphrase 60 – Importprivkey – dumpprivkey Additional note: 60 refers to the time/s of how long the wallet will remain unlocked. You can change 60 to any number 🎧 Music: ♪ The Messenger – Silent Partner ♪ Virtual Riot – Paper Planes
PLEASE DONATE BITCOIN or LITECOIN to Support our efforts to waken the masses. BITCOIN: 18TndrqgZfHjPf7vv78jygxKF6vPfGwA7K LITECOIN: LSxSujEYKCG6T78DrDpnpzwDusgzca27as SUBSCRIBE for more on BITCOIN / LITECOIN MINING / TRADING / NEWS Forget Mining BITCOIN, Start MINING LITECOIN with Home Built LITECOIN MINING RIG The era of Bitcoin mining on the GPU is dead. A year ago, a single Radeon graphics card could crank out a reasonable fraction of a Bitcoin in a single day. Today, that same GPU earns a thousandth of a Bitcoin in 24 hours, generating little value while consuming a substantial amount of power. The shift to ASICs for Bitcoin mining mirrors the shift from CPUs to GPUs, but the market isn’t content to just turn those mining rigs off — not when there’s an alternative currency available for which ASIC miners do not exist. That alternative is Litecoin — and there’s reason to think that buyers have emptied the shelves of AMD’s Radeon hardware to build mining platforms. First off, there’s the fact that you can’t find a high-end Radeon in stock at the moment. Newegg and Amazon are both out of stock, while over at Amazon, the lowly AMD Sempron 145 — a single-core, 2.8GHz chip with a .75 price — is the 5th most popular CPU. Further proof of this trend is the Litecoin network hash rate, is shown here: Clearly Litecoin miners are coming online, and they’re coming online en masse. Many of these are undoubtedly Bitcoin miners switching over now that GPUs are no longer cost effective, but some of these systems are probably driven by new miners. Litecoin confirms transactions faster (every 2.5 minutes, rather than every 10 minutes for Bitcoin) and it contains more coins — 84 million coins will be found in total under the LTC protocol, as opposed to 21 million for BTC. Bitcoin and Litecoin prices tend to move together; Bitcoins stratospheric leap over the past month (it’s down from a high of 00 but trading at 3 as of this writing) has created an odd situation where it’s easier to mine Litecoin and then convert LTC to BTC then it is to just mine BTC to start with. Why bother installing CPU-mining malware on thousands of machines, when you can just break into someone’s Amazon cloud computing account and create a well-managed datacentre instead? This week, a software developer discovered someone had done just that, and made off with a pile of litecoins on his dime. Melbourne-based programmer Luke Chadwick got a nasty shock after receiving an email from Amazon. The firm told him that his Amazon Key (a security credential used to log on to Amazon Web services) had been found on one of his Github repositories. bitcoin litecoin mining “bitcoin mining” “litecoin mining” “radeon graphics card” amd “graphics card” “7950 graphics card” “r9 280x” “r9 290x” beginner guide lamborghini “hong kong” currency cryptocurrency china chinese bubble usd bank banking record investment alternative “forex trading” forex start future motherboard store shopping pc “build pc” tech technology heat
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Litecoin & Ethereum have exploded in the past 12 – 24 hours, especially Litecoin. In this video, we’ll discuss some possible trade ideas and how cautious you should be when investing in these volatile cryptocurrencies. Litecoin is priced much higher on GDAX than other exchanges. Roughly 30% of volume is coming from GDAX at the moment, which makes me believe the price from GDAX is a premium which will close over time as has happened in the past. As such, I would not touch Litecoin on GDAX. However, there might be an attractive opportunity to buy Litecoin at roughly 1.75m Satoshi (0.0175 BTC). This is a key long-term resistance turned into support now that we have broken above it and are hovering around it. A buy limit around this level with a subsequent stop roughly 20 – 30% below the market might be attractive given cryptocurrencies that explode tend to keep going up for an undetermined amount of time. If we see Litecoin fall below this key level (0.0175 BTC) in next 24 hours and remain there, my view will become more bearish. I likely won’t be participating in this trade, given I view cryptocurrencies risky enough as is, but I am considering a small position regardless. Ethereum, on the otherhand, is still below its key resistance level (0.04 BTC) which means I still view it as undervalued despite its run-up in USD. Furthermore, it is priced similarly across all exchanges. If we can break up 0.04 BTC, I would look to start taking profits in the 0.055 – 0.06 BTC level, with the next level being 0.07 BTC. Anything beyond that I will provide a separate video update for. As usual, I would love to hear your thoughts. Thank you for watching. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me – everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously – look it up and you’ll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: Trezor: Ledger Blue (expensive): I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn’t matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn’t bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It’s a comprehensive book for both beginners and experts. Beginners
GET IN FREE BITCOIN ON COINBASE/GDAX ***This is not investment advice. Trading is risky. I wanted to share my strategy. Most people would probably be better off buying and holding than trading, it’s very hard to time the market. That said I find if I’m patient and wait for my opportunities this can be very profitable for me. Let me start by saying generally speaking most people are better off just buying and holding Bitcoin and other cryptocurrencies as opposed to trading. It’s very difficult to time the market and oftentimes when people have some success swing trading they either get cocky or get impatient thinking they need to make a trade each day or need to make so much money per day and they make stupid trades that cost them money. Generally speaking I’m a holder, however I have a little profits and play money on the side that I don’t mind trading with. Recently this past Thursday made a Litecoin trade, bought some Litecoin earlier in the day at .80 and sold it at a few hours later making 0 profit. I then took that money and set a very low limit order on Bitcoin which I saw falling. My limit order hit, it was a low candle wick limit order that got picked up but picked up 0.8 Bitcoin at 00 and within an hour or two I was already up ,000 on that. Being that we were headed into the weekend things often tend to continue to rise so rather than taking the quick profit which is sometimes smart I waited it out. When we hit ,700 I thoguht that rise was a bit too quick too fast so set a limit order and sold. Sure enough a few hours later this same day Bitcoin was back down under ,000. Utilizing this strategy I could buy back in at ,000, although I’m going to choose to wait for it to fall a bit more which it may or may not do, however at this point I’m able to buy back in cheaper and acquire even more Bitcoin or take some profits and go back into my position. This is risky, it’s not quite as easy as I’m making it out to be, however if you can start to read other peoples behavior and read the masses psychology towards investing you can do pretty well if you manage to be patient and only get in and out when your fairly certain you will make money. I’m always curious to hear your guys trading strategies, predictions and altcoin picks so drop your comments below…
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