Outperform the stock market in any condition
We’ve uncovered an incredible strategy that elects only the safest, most profit-packed shares on the Johannesburg Stock Exchange (JSE).
In fact, professional investors Walter Schloss, Irving Kahn and William J. Ruane all used it to make a fortune.
And – to this day – it helps South African investors who understand how it works regularly make money. It’s more than doubling the returns of the JSE between 2010 and 2018 with a 32% yearly average over the past eight years.
In short, it has the potential to make more money for investors of all stripes – and remains the most profitable way of succeeding in the stock market to this day.
To answer this, we first need to understand what it is and how it differs from bitcoin…
Litecoin was created by the now well-known crypto personality Charlie Lee. And is essentially just a fork of bitcoin with some of the code changed.
However, there are three key differences between the two cryptos…
1. Litecoin’s block time is around 2.5 minutes, as opposed to bitcoin’s 10 minutes. This means Litecoin can process transaction faster.
2. Litecoin’s total supply will eventually reach 84 million, whereas bitcoin’s will top out at 21 million.
3. It uses a slightly different mining algorithm to bitcoin, which means it’s costlier to mine Litecoin using a large-scale mining rig. So, in theory, Litecoin will be less centralised.
Many crypto enthusiasts believe Litecoin as the silver to bitcoin’s gold. If bitcoin is a store of value, Litecoin is more of a currency.
During the golden bull of 2017, Litecoin saw its price increase by a massive 7,800%. R1,000 of Litecoin bought on 1 January 2017 would have been worth just over R79,000 on 19 December 2017.
Despite its sensational run in 2017 and this year, the reality is…
There is no need for Litecoin to exist
The slight speed increases it has over bitcoin are being rendered moot by bitcoin’s Lightning Network implementations.
Just like bitcoin, it uses a proof-of-work consensus mechanism so it wastes a lot of energy.
And finally, it has ended up mostly controlled by specialised mining equipment run by major mining pools. So it is not decentralised.
Given this, Litecoin is essentially pointless. It has no advantages over bitcoin.
That’s not to say bitcoin is the ‘bees-knees’ of cryptocurrencies. In fact, there are a number of other cryptos that are better than bitcoin for many different applications: Ethereum for smart contracts, IOTA for machine-to-machine payments… the list goes on.
Even Litecoin’s Charlie Lee sold off all of his Litecoin stack at the peak of 2017’s crypto bull run.
A straight up offer from one of South Africa's top financial analysts and small cap experts, Francois Joubert:
And share everything you need to potentially profit from them directly with you each week"
So if not litecoin… what are the best crypto buys right now?
If you’re wondering about the best way to get into crypto, I can highly recommend Sam Volkering’s book: Crypto Revolution. This book contains everything you need to know to become a clued-up crypto investor.
And unlike many crypto books, it’s not just fluff and it’s not written by someone who’s only been into crypto for the last couple of years.
Sam has been active in the crypto scene from the very beginning and uses both his technical and his investment expertise to write a compelling case for why and how you should be investing in crypto.
Recently, Sam wrote a new, updated second edition of his book with an extra 80 pages of content, which details all the latest exciting breakthroughs in the world of cryptos and latest predictions.
See you next week,
Managing Editor, Real Wealth