Bitcoin Forum

Hi all, I am new to the bitcoin scene. I am interested in investing but should I invest in BTC or LTC? I am no expert but isn't LTC value dependent on the performance of BTC? Let's say BTC value drops to $0 would LTC value be the same?


In advance thanks for the help.

Everyone will have a different opinion on this.  Mine is that Litecoin is undervalued.  It should, in principle, rise to about 20-30% of Bitcoin's value over time.  However, it is still less than 4% of Bitcoin's value, though it's made big strides lately.  Only a few weeks ago, it was at less than 0.5% of Bitcoin's value, and was just noticed by more exchanges and miners.  It's possible, also, that Litecoin's GPU-friendly Scrypt algorithm brought in some who were late on mining Bitcoins.  Today, GPU's, FPGA's, and even first generation ASIC miners are no longer profitable for Bitcoin.

Wait on both imo, when sustainable prices arise for a substantial amount of time, consider buying in.  It reduces risk to you and guarantees a fair buying price.

Theoretically, BTC and LTC should have no connection in terms of value as they are 2 different currency's. However, a variety of factors such as the confidence of those who have invested in both bitcoins and litecoins, news that affects both cryptocurrencys, and the fact that people can choose to mine litecoin or bitcoin on the same machine depending on each currencys current value and difficulty can cause correlations between the rise and fall of each cryptocurrencys value.

I don't think bitcoins will drop to $0, and neither will LTC. Also if BTC or LTC tanks I would assume people would jump over to the other one if they wanted to continue their investing so it seems unlikely they would both die simultaneously unless something big happened for all cryptocurrencys.

 I think right now BTC is better than LTC as LTC is fairly high and BTC has dropped a bit but you really should make that decision yourself after analyzing graphs and watching the trends.

Why can't LTC be the same value as BTC?

totally tied to one another, except litcoin will crash harder with a bitcoin crash.

Like the people above said I think if possible you should invest in both, you never know.. As far as Bitcoins are concerned I think you should wait a bit before purchasing coins, as the price is dropping for it..

And would you exchange your 1 BTC for my 1 LTC  :)

To make things even more interesting, now there is a crypto called Quark.  Has anyone got any input about the Quark?  It is said to be easily mined on any computer.

First of all BTC is the original Cryptocirrency and other coins such as LTC and TRC were created after BTC became popular, in order to gain from the Bitcoin's popularity.

Secondly, there are very few shops / stores which accept LTC as a mode of payment.

Also, don't forget that the total number of BTCs which can be ever created is around 21 million, while that figure stands at 84 million in the case of LTC.

And that 84M LTC vs. 21M BTC is the main reason that Litecoins should settle down near 1/4 of Bitcoin's final value.  Each has advantages over the other.  For example, many new people are getting into digital currency with Litecoin because you can still run a 7950 profitably--for now.  There are also some other technical issues that will be resolved at some unknown point in the future.

The stock market has gold, silver, and treasury notes as tools to be adroitly employed during bear market.  They serve as a kind of island or lifeboat during rough times like the market that we're in.  The crypto exchanges don't have such a currency/tool now, but some of us are working on that.

For that the total value (or market cap) of LTC should become equal to that of the BTC. I don't think it'll every happen. May be it could go up to about 1/4th of BTC's market cap, at which point, the LTCs will be worth 1/16th that of a BTC.

Litecoin...

Both.

Bitcoin because it is the market leader, most widely accepted, with multi-million dollars of investment behind it.

Litecoin because it has the most decentralized network on standard PC parts, most fair coin distribution, and most likely to survive a government targeted attack.

I wouldn't bother with any other cryptos.

Ok, thanks for the response!

I doubt that 1:4 total market cap.
LTC's adoption level and publicity are not comparable with BTC.

With availability comes demand, hence Bitcoin should be worth more right now. As for the mining advantage, if this really were relevant, Primecoin would be more significant than it is.

hi!!
its time  to invest in ltc

I heard a bunch of people calling it a scam. mostly on reddit but im pretty sure I read a few people say that on this board too. then again its #5 on coinmarketcap and im new to all of this so I guess these could have been people shilling for some other obscure coin?

If btc's value drops to 0 then ltc's value will drop to 0 as well. The difference right now is that if bitcoin doubles in value litecoin has a small chance to lets say triple its value because some people consider bitcoin expensive and altcoins cheap. It 's a bet so if you feel like speculating you may want to try litecoin.

BTC is the only safe investment.
Altcoins are not really innovative. And too difficult to analyze

https://www.gldtalk.org/devteam/fall.png


Exactly! There is no logical reason to limit the buying choices to two coins.

Bookmark this page: http://coinmarketcap.com/


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what is litecoin?

Litecoin (LTC) is an altcoin (other coin), which is basically like a BTC clone.
You can read more about it in google or https://bitcointalk.org/index.php?board=67.0

Dropping BTC value to $0 would probably only happen if cryptocurrencies use is unlawfull, so all coins would be affected the same

0 usd will only happen if noone wants to buy it in the whole world.
Which is almost impossible.


But it can go really low :P

okayy thanks  :D

Id says LTC, until btc become stable, your just going to lose money.  Unless your shorting the coin, and have some serious capital, I wouldn't do it, not now.  LTC looks good, I think its a good buy value, even though I believe there are bigger % returns on different crypto currencies, LTC and BTC are just the popular ones

Yes, be careful with altcoins in general

Litecoin was originaly designed as CPU only coin, but now GPUs are much more effecient to mine Litecoin. The only reason ASICs are not available now is because the investment is high. But Im sure Litecoin ASICs will make Litecoin GPU mining obsolete in next years.

In my opinion Litecoin would be more valued given time.  It's risen from about 1% of bitcoin to about 5%.  The creator of litecoins is not missing, and their team is still working actively on it.  I take litecoins as a better investment, but IMHO bitcoins are far more usable. 

Looks like, LTC has more chances of skyrocketing as of now.

Yes, LTC can go up only if BTC goes up. Without Bitcoin, noone new would know about Litecoin

Bitcoin = speculation + somehow usefull
Litecoin = just speculation for Bitcoin success

The only difference between BTC and LTC is that it uses scrypt algorithm, more in coins supply, faster block speeds. How is litecoin undervalued? What make a fiat currency have value? It's supply over demand. What consumers think it's worth.

The only reason BTC is so high is that their are ignorant people investing their money into something that they know nothing about. The investors see hey its the first bitcoin, It has received ubiquitous amount of attention (it must be good), it has more infrastructure than other alt coins for example zipzap are implementing ATM, people only look at the short term of what bitcoin has to offer. To be honest I think peercoin/worldcoin is undervalued.

I could be wrong but isn't ASIC and FPGA hardware in development for scrypt? I know I am changing topics here but is worth investing money in a mining rig that mines scrypt? I am thinking of purchasing a R9 280x it should get around 700Kh/s but I don't know if I will break even since the difficulty will increase exponentially when the ASIC and FPGA hardware comes out for scrypt.

You have the possibility of a bigger ROI on LTC than BTC. If you are to buy I`d recommend you do your due diligence on market trends and buy on the day the coin is statistically the lowest. Buying any other time would be a terrible idea as it is extremely volatile at the moment.

Right now, I would say BTC since it just dropped and will eventually make its way back up.

I believe there are only two options
1. Select Bitcoin as safest
2. Select alt coin based on risk you want take. The smallest are almost surely doomed to fail within one year

I do admit I have no litecoins. When I bought my bitcoins I didn't really bother looking at the other currencies. But if I were to buy now, I'd buy 80% bitcoin, 20% litecoin. I believe bitcoin will be the one to thrive, but meanwhile litcoin will probably grow as well.

Yup, you may buy little from every alt coin, but expect many dead coins. But who knows, some alt coin may get some share in cryptocurrency use in future (now Bitcoin dominate with merchant support)

The neat thing about FPGA hardware is that you have millions of logic gates that can be rewritten, even while a program is running.  All of those FPGA miners used for Bitcoin can now be recast for Scrypt (Litecoin, Feathercoin) or even QuarkCoin, if you like, and they will likely run faster than either CPU's or GPGPU's.

While pursuing my BSEE at Rensselaer, we discussed numerous applications for FPGA's, which could already switch their operation instantly at run time.

Litecoins are getting purchasing power thanks to Neo Bee and others.  eCommerce sites accept Bitcoins first, but some already have Litecoin.  Litecoin is still minable on a GPU, leading to widespread ownership of small amounts of the stuff, and is sometimes the most profitable of the altcoins for mining.  It has a few other small advantages over Bitcoin.  However, the fact that its maximum production will be 4x bitcoin's 21 million tells me that, one day, with the two accepted almost everywhere, that Litecoins will be the quarter to Bitcoin's dollar.

both is good to invest in if you know what to do ;D

Go for both, Btc & Ltc will continue to grow as well some other alt-coins. Diversify,Diversify,Diversify.

I don't think those are best to "invest" in because they cost so much you should mine those and buy cheaper coins

I'd say both.  As long as you aren't spending money you can't afford to lose.

I guess things like this can make ltc interesting :  http://www.ibtimes.co.uk/articles/525867/20131128/litcoin-value-leaps-100-percent-market-cap.htm , but I have no investments in ltc myself.
Also mining ltc would make less hassle as the gpu is still usable (I think), you might even have a computer gaming rig to dedicate a couple of days, just to see if you can stand the noise  ;)
I got a bflminer next to me and it is not quiet, love bitfury for their ssssilent machines.
For buying coins... I would follow some advices above and decide for myself. And also it seems to be a bit more trolls around the ltc  :)
Don't ask for too much and you won't lose all in one go, as I did trading for the first times, slowly but surely is the way to go.

Happy coinage!!!

I'd honestly invest in LTC.. I wish I had done months ago when I mined some. At the time of mining they were worth about 10 bucks a pop, right now they're ~30.
I have to agree with the fact that LTC and other altcoins are related to the rise and fall of BTC, but I think LTC can become a very strong altcoin, and take a course of it's own, if I had to choose I'd invest in LTC.

I like the concept of LTC and I believe there's a lot of room to grow.

Months ago the Bitcoin was worth $150 and now is worth $900

When I found lite coin it was a few cents.

When bitcoin was 150$ ltc was worth 2$  :P

Ltc actually has huge potential and it might become even popular than btc some day, because of the transaction speed. I traded all my bitcoins to ltc a while ago at price of ~5$/ltc

You mean confirmation speed and there are alt coins with faster confirmation speed already. That's not a good argument for a currency to overtake another.

Long term Bitcoin

Short to Medium term Litecoin

bitcoin, thats what I'm investing in.

i invest in LTC, there is more potential right now..
1000% is possible within summer 2014


http://img.pandawhale.com/mpkPiR-litecoin-is-silver-to-bitcoin-YCF3.jpeg

I would invest in both. And then in Dogecoins and watch much profits from many currency. Be so millionaires.

I dont think doge coin is going to get anywhere.

i invest in both btc and ltc.

Hows that going for you? Do you have profit or loss?

I invest in many of the different cryptos out there.  Even though it's a bit of a risk for sacrificing the mining time - it's nice to mine many more coins of new currency vs. fractions of the larger ones.  Though the chance of failure may be high - only one needs to really go through the roof to make it worth it. 

ok ms cleo sure thing

@op invest in btc. btc will never drop to 0 don't be stupid. way too much gold has been traded for it for that to ever happen

Right now I would wait for the price to come down a bit.

The price is still sky high due to all the recent media attention but I think by February the price will have dropped to $300
If you really wanted to invest now I would buy some Litecoins. Rumours are MTGOX will be adding LTC in January....

Although it was rumoured LTC would be added 5 or so months ago too....

I would say LTC but I'd also invest in as many other altcoins as possible.

Uh, I really wouldn't invest into altcoins as most of them are simply cheap ripoffs which actually have a tiny volume of which are just pump and dump schemes. If your looking for long term gains go with BTC as it should do better in the long term. LTC is ok but it really doesn't have much of a use in comparison to BTC so honestly I think it will just die off one day.

MtGox is pretty useless exchange when you have to wait so long on withdrawals. To be sure I would buy only cheaper LTC, definitively under $10, because this altcoin is risky speculation and already expensive given the main use is exchange to Bitcoin only
 

investing in litecoin is a good deal.

prices are a little high right now, but i guess the price will go up more when company's will accept litecoin aswel.

i think there was a company in china that plans on accepting litecoin in january/febuary.

kind regards

LTC gained some traction with the BTC fork earlier this year.

I would own both, the percentage split is up to your risk tolerance.

Are you sure?
You might end up waiting for another decade.
Also , sorry to say , by I find the bolded text quite hilarious at this moment.

Completely agree.

LTC moves up and down much faster than BTC does. At least recently. A few months ago it was ~$2 and now its around $35, which is a much bigger increase than BTC which has about doubled in the same length of time.

This is bullshit. Everyone can check the price graph over time to prove your way off  :)

Percentagewise LTC has grown more recently compared to BTC

It depends on the how you want to invest it.

Bitcoin is the strongest and most popular currency, it may oscillate but prices are bound to come back to a stable spot. It is probably going to become more valuable as it becomes more popular.  So if you want a safe place to park your coins, bit coin is probably what you are looking for.


Litecoin is less popular, so it is hard to find places where you can buy stuff or change back into cash. There is a lot of room for growth but the road is probably going to be bumpy.  Litecoin is a higher risk long term investment.


Other alt coins can also be invested but you need to watch them closely, it is not a bad idea to stock on a few cheap currencies and see how they develop.


The higher the risk, the higher the rewards.

invest in btc ! mine ltc if you have good hardware ! as long as the price of bitcoin rises the price of ltc will rise too !!!

Agreed. Minining litecoin is still pretty easy. a couple of decent cards and you can earn a few $$$. we mined LTC for about 3 months before and during summer. Got 33 coins which we sold for 1300ish a few days ago. we've now got that money in BTC and we're using it to trade

Litecoin does tend to follow BTC pretty closely, mainly because BTC and LTC are on almost every site, whereas other less popular ones are on specific sites.

Due to them being in the same places, when people panic sell BTC, LTC will almost certainly follow suit.

Too add onto that, some people hold both in btc and ltc so they panic sell BOTH.

Some people think that ltc has a bigger potential, speculation wise because it looks cheaper. Markets are all about psychology anyway  :P