The BIG QUESTION : Will litecoin continue to grow?


(Chipmunk voice) Jez Feldmesser here from felmesser.co with the BIG question will litecoin continue to grow
Jez Feldmesser here from feldmesser dot co giving you another video today on the
question of the big question will
litecoin continue to grow? …. now that is a
big question because there have been a
lot of interesting things happening in
the last 24 48 hours concerning litecoin
itself and this is the question ” will
litecoin continue to grow?” well litecoin
as you may or may not know is a four
core Bitcoin which was designed to be a
lot faster to mine and a lot more rapid
in the transactions there’s a lot of
technical stuff that goes behind all of
that so won’t bother with that but the
idea of litecoin is that it’s a very
rapid easy to transfer form of
cryptocurrency and the programming
interface that you can integrate
litecoin transactions within let’s say a
game or your website or whatever and
make it easy to have currency
transactions happening without having a
bank or a pay processor payment
processors credit cards and all that
kind of stuff we just wiped out so my
answer to the question will litecoin
continue to grow in 2018 and onwards is
a big resounding yes and I’ll show you
why I think that let’s say for example
that litecoin has now been added to the
steam game platform as a means of paying
for steam time yeah
what if in-game crypto became the real
world economy so then all these gamers
that are buying game time on Steam
plain use litecoin but then what if
litecoin became the currency within the
game because there are lots of video
games online that have valued assets
which are digital non-physical assets
that people have been working on for
weeks or months to make and then they
sell them off for real-world money so
this whole scenario could rapidly
develop that the inter exchange between
people is actually cryptocurrency so
that’s something to watch out for
cryptocurrency
in game watch out for them well so let’s
go back to this big question I’ve got
some research open here because two days
ago charles lee the inventor of light
coin actually sold off all his own light
coin and he says donated proceeds to the
foundation of light coin which is a very
interesting move on his part and you can
read the article already and tweets that
he’s mentioned about this activity some
people saying oh he’s selling off you’re
selling off he’s getting out it’s all
going down mmm don’t think so but i can
see the pressure that the creator of a
cryptocurrency coin is under which is
why I guess the bitcoin creator is a
mister who knows who secret person
nobody knows where is he who is he is he
more than one person will we ever find
out I don’t know so let’s carry on we’ll
litecoin continued grow well let’s have
a look at what light coin has been doing
this year just since November it was at
71 dollars or something November a hang
around December 7th and it just starts
to take off see it starts to take off
big amount of interest and then it’s
it’s that 360 peeks at 360 and it’s been
sort of a holding this 300
dollar mark for a little while and then
it starts to decline and there was this
sell-off two days ago created a big
ruckus
hooha and so a lot of people were
selling but of course when lost people
sell and then the price drops then
people are looking at the price drop and
think well I’m gonna start buying so
that seems to be what might be happening
and if you wanted to buy some light coin
now would be a good time to do it
because the price is currently
relatively low to what it was a few
weeks ago so that’s up to you but no the
disclaimer I am NOT a currency
cryptocurrency guru I’m a guy who’s just
looking into the situation and hoping to
educate some of my peers on this very
informative very interesting part of the
world so no financial advice here don’t
say that I told you to buy or not
because I don’t make your own mind out
do your own due diligence and always get
expert advice in financial matters
so this claim over let’s continue with
the interesting information that is
available on the current of light coin
and will it continue to grow well
obviously it has continued to grow over
a certain amount of time and let’s just
have a look these are the merchants kind
of ideas this is from like coin calm the
website and these are the merchants
featured merchants in this particular
layout and you can have a look at all
the types of people and types of things
that you can buy with like wine that
have been integrated into their
e-commerce system so this isn’t all
going to disappear overnight that’s for
sure we can have a look at the market
currently as it is today we’re at 5
o’clock to 9 o’clock it’s just gone ten
o’clock French time here
so we’re seeing rather a steady rise
today and little microscopic dip in the
last few minutes but that’s kind of
interesting if we just scroll over and
see what happens here we go back to two
days ago I think it hit a low of 170
something we’re in dollars yeah two days
ago
hit below and has been rising ever since
pretty much so interesting graphs on
litecoin there and similar sort of
situation of course same style we’re on
a one day graph here and here’s the the
drop out at Tarr
earlier this is one day so this is 22nd
yes this is all today so there you go
and yeah here’s the interesting news I
just discovered that Steam added
litecoin that you could actually buy
steam time with litecoin hence the
cryptocurrency add a long film intro
that I showed you so that is kind of
something that could be that could be a
big player because video games are a big
chunk of what goes on online let’s face
it and if you add in crypto currency and
exchange person-to-person that is real
exchangeable currency and not some kind
of fictitious game coin that could
change a whole lot that could really
make a big difference so that would be
worth looking at and I had a look at
this crypto ization website to see what
we’re out on like coins market caps the
14 billion I think that’s that’s right
am I looking at that right last tray 24
hour volume we have been sold three
million litecoins in one day have
exchanged hands so
well that kind of gives you an idea of
what’s going on in the litecoin scenario
um so I would definitely look at this
one and I would consider that litecoin
is going to grow in a big way especially
in the e-commerce and intra gaming I
believe that would be the thing to be
part of ecommerce and video game
exchange plus all the general places the
merchants that currently accept litecoin
and that will only continue to grow with
that activity there we are that’s
litecoin and the question answered for
today leave me your views in the
comments section below and I’ll leave
you some links so you can discover all
these websites and get yourself on a
digital currency exchange so do you wish
to purchase some so if you want to find
more about bitcoins like coins and
crypto currencies go to crypto coin hero
comm and get yourself set up and
learning all about that today you can
find the links in the description below
so there you go that’s the wrap for
today’s video
see you guys in tomorrow’s video with
another exciting episode bye for now

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