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Value of LTC (Litecoin) Increases Dramatically and Is Preventing BTC Scaling

Litecoin value has been increasing alongside Bitcoin and Ethereum — with an uptick by 700 percent, Litecoin is growing, whereas Bitcoin is still being prevented from scaling due to politics. So, should you invest more into LTC or wait it out on the BTC front? A lot of investors and Bitcoin gamblers are keeping an eye on the SegWit (Segregated Witness) malleability fix and how it will be affecting Litecoin.  Let’s take a look.

Litecoin-segwit

Rise in Litecoin Values

During the past month, there has been a remarkable rise in Litecoin (LTC) values. While many investors assume that this altcoin currency would be dead in the water, it seems like that isn’t the case at all. In fact, if you’re looking for a good reason to invest, the stock is heading in a very bullish direction.

Litecoin value has increased by over 700 percent. This is because of SegWit locking in and the Coinbase listing. It is clear that things are looking a bit brighter for Bitcoin’s silver sibling.

Litecoin-logo

Why it Continues to Soar

Litecoin has come a long way in a month — just earlier this year, a single LTC had a value of $4 USD — this was a great increase from its previous ATH of $48 USD in 2013. Ever since, a lot of people besides cryptocurrency gamblers have forgotten about this altcoin. Now, Litecoin is on everyone’s mind.

Not long ago, LTC locked in the activation of SegWit — this is a major benefit for this popular altcoin. Bitcoin is also trying to get SegWit activated, but keeps meeting a lot of opposition from BTC miners. The impending activation of SegWit has done well for the price of LTC — a 700 percent increase is nothing to sneeze at.

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The gain of Litecoin and its continuous soar isn’t just attributed to the Segregated Witness (SegWit) activation locking in, however. Coinbase is an extremely popular US-based cryptocurrency exchange and has enabled support for Litecoin, too. This has given Litecoin yet another boost forward in terms of value. It looks like LTC is underway to surpass $30 USD again. It can be hard to tell when this soaring increase will end, but it’s not out of line to say that the value of LTC could hit $50 USD before it slows.

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What is Next?

We have to remember that Litecoin doesn’t have some of the same issues as Bitcoin, so it’s unwise to compare the two equally. LTC, for example, never had full blocks to begin with (whereas it’s very common in the Bitcoin network). There are also a lack of demand for Litecoin, especially from a consumer and merchant point of view. For Litecoin gamblers, this can be something to take advantage of.

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The question on everyone’s mind is if Litecoin can maintain their value trend in the long run. Unfortunately, we can’t see that far ahead and many people still view Litecoin as a testbed for Bitcoin.

If you are holding on to Litecoin, you should keep a hold of them, as you may see the LTC value increase in the coming weeks. Keep an eye on the SegWit malleability fix and how it will potentially affect Litecoin.

 

Resources

Coinbase: https://www.coinbase.com/?locale=en-U

SegregatedWitness (SegWit): http://segwit.co/

CoinMarketCap: https://coinmarketcap.com/currencies/litecoin/ 

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Betcoin Casino: Review

Betcoin Casino is located at www.betcoin.ag and is a well-known online gambling venue that accepts Bitcoin cryptocurrency, a great selection of a variety of games, as well as a U.S.-friendly platform.

At Betcoin Casino, there are over 400 game to choose from, from your favorite table games, slots, live casino, live poker rooms, a sportsbook, dice, and more.

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U.S. Players Accepted?

Yes, players from the United States are accepted and welcome to play at Betcoin Casino.

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Software(s)

  • Ezugi
  • Betsoft
  • Endorphina
  • Gameart
  • Playbetr
  • XIN Gaming
  • WPN

Platform(s)

  • PC / Web (Instant Play)
  • Requires Flash be Installed
  • Mobile

device-compatibility

Currencies Accepted

  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Ethereum (ETH)

currencie

game type

Games

There are a nice range of games offered at Betcoin Casino, from slots, table games, live poker, live casino games, dice, and a sportsbook. Each type of game uses different software providers, so you get quite the range of graphics and options.

Homepage

Slots

Betcoin offers 3-Reel, 5-Reel, and 3D slot machines with excellent graphics. Not only are regular slots offered, but there are a nice selection of Progressive Jackpot slots to;, so you could make it big. It is worth noting that there are many 3D, Progressive, and 5-Reel slots, but there is only one 3-Reel slot game, and that is Lucky 7.

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Slot titles include:

  • Lucky 7
  • The Slotfather
  • Sin City Nights
  • Fruit Zen
  • Greedy Goblins
  • Tycoons
  • Mr. Vegas
  • At The Copa
  • Golden Dragon
  • Wild Dolphin

live game

Live Casino

The live casino is also very popular and includes a range of casino games for players in different regions. The Live Casino games are powered by Ezugi software.

Take a look at the Live Casino offerings below:

  • Live Blackjack Eastern Europe
  • Live Blackjack Russia
  • Live Blackjack Latin America
  • Live Keno Russia
  • Live Auto Roulette Europe
  • Live Baccarat Latin America
  • Live Roulette Latin America
  • Live Roulette Russia
  • Live Lottery Russia
  • Live Roulette Eastern Europe (Turkish)

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Table Games

  • American Blackjack
  • Craps
  • European Roulette
  • Deuces Wild
  • Baccarat
  • Single Deck Blackjack
  • Table Poker
  • Live Table Games

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betcoin

Provably Fair Dice

Now, don’t let the bar at the top fool you — the only provably fair game on this website is dice — and there is only one offering with software by Playbetr.

Provably Fair Dice

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Sportsbook

The Betcoin Sports section of the website actually impressed very nicely. It has the traditional layout but in very clear, stylish, and red/black interactive graphics. In the middle of the page, you have the live feeds of games going on, upcoming games, in-play action, and all of the information you need to place a bet.

The right hand side shows you live results from different sports as well as your Bet Slip, which you can keep an eye on at all times.

The left hand side of the screen shows you a list of outrights, your favorite sports you have starred and saved, a calendar, as well as a huge range of sports that you can choose to bet on. Next to each sport you have a number, which signifies how many games/matches/events are currently available to bet on.

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As with all of the other sections of Betcoin Casino, the Sportsbook does also offer a Mobile Version so you can make your bets on your mobile device (via a web browser) and keep an eye on your wins/losses.

poker options

Live Poker

The live poker options are popular and offer active tables with a great amount of players.

  • Omaha
  • OmahaHiLow
  • Hold’em
  • 75HiLo

There are also tournaments held with freeroll and high stakes options.

Poker in Beta

Mobile Casino

Mobile gaming is available through your tablet or smartphone’s web browser. The Betcoin Casino games require Flash in order to play.

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Banking: Depositing and Withdrawing

Banking is easy at Betcoin Casino — this casino accepts not only Bitcoin (BTC), but Litecoin (LTC) and Ethereum (Ether).

Since Betcoin Casino is a Bitcoin casino, it deals strictly in the three cryptocurrencies stated above. Deposit and withdrawal your funds easily using your e-wallet address. All transactions are instant and there are no fees.

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Welcome Bonus / Promotions

  • 1 BTC First Deposit Match Bonus —  Redeem by communicating directly with customer support.
  • New Depositor Freeroll
  • 100% First Deposit Bonus
  • 50% 2nd Deposit Bonus
  • 25% 3rd Deposit Bonus
  • Sit and Crush
  • The Daily Coin 1 BTC GTD
  • The Daily Double MTT Jackpot
  • Spin to Get In Poker Tournaments
  • VIP Player’s Club
  • Free BTC in your emails

affiliates

You can also join Betcoin’s Affiliate program and earn commission by referring new players to the casino.

Promotions and Bonuses change often and often have terms and conditions, so be sure to check out each of the bonuses and promos above before using them, and check the Promotions page often for new bonuses!

Promos / Bonuses: https://www.betcoin.ag/promos

Link to VIP Player’s Club and How to Advance: https://www.betcoin.ag/vip

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Provably Fair

There is only one game at Betcoin Casino that is Provably Fair and that is dice.

Provably Fair Dice

Signing Up

Signing up at Betcoin is very simple, anonymous, and take around 5 seconds. You simply enter a username you wish to use and an email address – and that’s all you need to create a new account.

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Customer Support / Contact

  • Live Chat
  • Phone
  • Email

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Pros

  • BTC, ETH, and LTC are accepted (accepting Ethereum is rare, so this is a huge plus)
  • Tons of bonuses and promos (including a welcome deposit bonus up to 1 BTC)
  • Large variety of table games and slots, as well as other gaming options
  • Anonymous Sign Up

Cons

  • Not provably fair (meaning, the fairness of gameplay cannot be proven independently)
  • To gamble on this site, you need a Flash plugin (not always an option for some)

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BitZillions: Review

BitZillions is a Satoshi Bones dice game that opened in 2014, and while lesser known than other bitcoin dice games, is a Provably Fair online game with three cryptocurrency options to gamble with.

Signing Up
You actually don’t have to sign up with BitZillions to play. This is a part of the appeal of bitcoin casinos that are making the change from anonymous account creation to anonymous game-play that doesn’t require an account at all.

It’s all extremely simple: you head to their main website, click Play Now, and you will be sent to the main lobby, where you will see your individual Bet Address listed as well as a list of Previous Bets, Recent Big Wins, and All-Time Big Wins.

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The Game
At the top of the attractive and intuitive interface are two rows: Win Odds and Multiplier for a variety of numbers to roll on.

Below these rows are the Bet Addresses for each of the options. Each includes the minimum and maximum bet for each roll of the satoshi dice game.

To play the game, you simply bet to roll a number less than the one you select, and roll the dice.

BitZillions Link: http://bitzillions.com/

rules

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Bet Addresses
Each Bet Address has a 2 month lifecycle and will change on the first of the month after 8 weeks. Make sure you are using the current addresses by double checking before playing.

You can also click on the Rules tab and find “current addresses” to see a list of the month’s current Bet Addresses.

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Are Multibet Transactions Supported?
No, at this time, only one bet per transaction is supported.

Currency
BitZillions is unique in that it offers a variety of cryptocurrencies to bet with. At their one year anniversary, BitZillions began to allow not just Bitcoin but Dogecoin and Litecoin, as well.

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At the top right of the screen, you can click on the currency type via a small drop down menu and you can change between these three currencies at any time. Each interface is unique for Bitcoin, Litecoin, and Dogecoin, design-wise, but you get the same betting options and information.

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Compatible Wallets (for Bitcoin, Litecoin, and Dogecoin)
For compatibility reasons, there are certain wallets that are not compatible and some that are, for each cryptocurrency. Shared wallets are not accepted.

Compatible Bitcoin wallets include, but are not limited to:
– Electrum (client/server)
– Bitcoin-Qt/bitcoind (client)
– BitcoinJ (client)
– Armory (client, Bitcoin client dependency)
– Blockchain.info (Hybrid EWallet)
– Blockchain App for iOS, Android (mobile app hybrid client)
– Strongcoin (Hybrid EWallet)
– BitcoinSpinner for Android (client/server)
– Bitcoin Wallet for Android (simplified payment verification/SPV client)

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For Litecoin, the known compatible and preferred wallet is:
– Litecoin-Qt/litecoind (client)
Others may be accepted, so try sending a small bet to see if your wallet is compatible. Shared wallets will not work correctly.

For Dogecoin, the following wallet is accepted:
– Dogecoin-Qt/dogecoind (client)
However, like Litecoin, you may try your wallet by testing it with a small bet to see if it is compatible.

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Incompatible Wallets
Some wallets have already been proven to not work correctly with BitZillions, including:

Bitcoin
– Coinbase
– Xapo
– Bitstamp
– Instawallet
– Mixing Services
– Investment Schemes
– Other Betting Games

Litecoin
– TBD
– Other Betting Games
– Investment Schemes
– Mixing Services

Dogecoin
– TBD
– Other Betting Games
– Investment Schemes
– Mixing Services

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Provably Fair
BitZillions is Provably Fair and after every roll, you can check the fairness by heading to the top of the simple and nicely designed interface and click on Verify. It will show you your Transaction ID, Bet ID, and is available for anyone to see.

Fees
For BitZillions to allow unconfirmed transactions to be processed as bets, they require a fee to ensure that mining pool operators will accept the transaction.

Currently, fee is 0.0001 BTC per KB of data.

Losing Bets
Losing bets will pay out at 0.005 time the bet amount.

 

 

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