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He's just betting that this thing that is going up will continue to go up. Read it and then buy 5$ of bitcoin to understand how the industry works. Don't get discouraged when you see people posting about dropping a few grand on a coin on a whim. You are investing for you. Litecoin started with a 50 ltc block reward, now it is 12.5 ltc.
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It can also be used as a store of value for an investment in the way bitcoin and other cryptocurrencies are.
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Did you invest a modest amount of money in crypto, feel excited, then saw people on reddit investing huge sums, and your excitement faded? What makes litecoin a good investment? Investigators had retrieved $2.3 million in bitcoin (ccc: Right now in crypto, if you've only been playing the game for a couple of months, you've only known winning. However, its connection to the almighty doge is far from straightforward. In january 2021, it was priced at around the $0.03 mark. There is a limited supply of 84 million as compared to bitcoin's 21 million. This seems like common sense, but it needs to be said nonetheless.
Of course, investors in crypto have other options they should look into as well.
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Your $20 crypto investment is great! Still, this is with a higher block reward and faster block time. Don't rush, and make sure the sending and receiving addresses are correct. There's a third, smaller reason why it's an alternative these days, too: Of course, investors in crypto have other options they should look into as well.
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The crypto market is wild right now.
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