Title: LTC : Keep or convert to BTC ? Post by: gcube1305 on November 18, 2013, 04:59:23 PM Hi all,
I have a few amount of LTC. I was wondering if i should convert it to BTC or keep them. I do not need my money right now (it is a long term investment). If i continue mining LTC, should i convert them ASAP to BTC or should i keep them, expecting the price go up ? What do you think? Title: Re: LTC : Keep or convert to BTC ? Post by: miztaziggy on November 18, 2013, 05:02:13 PM Well what do you think will grow more quickly?
Say you have 100 LTC today worth say $500. Those 100 LTC can buy 1 BTC worth $500. Which do you think will grow more quickly? The value of BTC or the value of LTC? Personally, I think it's easier for your 100 LTC to become $1000 if you left in LTC. Doubling from $5 to $10 per LTC seems more plausible in the short term than BTC from $500 to $1000. Title: Re: LTC : Keep or convert to BTC ? Post by: oOoOo on November 18, 2013, 05:07:14 PM I say keep in LTC - as it as not experienced the rapid appreciation that btc has, there is more upside potential.
Also -> Speculation Title: Re: LTC : Keep or convert to BTC ? Post by: raspcoin on November 18, 2013, 05:19:15 PM BTC is more volatile than LTC, while the long-term increase is about the same for both. While LTC is the safer bet right now, it is possible that a new altcoin will dethrone it sometime in the near future.
In my opinion, both should be equally good to keep for about half a year. For less than that, BTC can be too volatile. For more than that, LTC can be replaced, although it is unlikely at this point. Title: Re: LTC : Keep or convert to BTC ? Post by: zoro on November 18, 2013, 05:59:23 PM for long term investment you should have the trinity BTC-LTC-PPC
big amount from each also a few mastercoins ;) Title: Re: LTC : Keep or convert to BTC ? Post by: gcube1305 on November 18, 2013, 08:10:54 PM Ok i'm gonna keep my LTC and hope price go up... I was wondering about PPC, is there a pool that do merged-mining BTC/NMC/PPC? Is there a pool that do merged-mining LTC/MST ? |