Bitcoin Forum

Update -> January 24, 2018

Hi everyone, I did not sell any of my coins, HOLDING strong, better days will come, stay calm, stop looking the prices, live your life and come back after 1 year and be surprised with LTC's price!

H O L D until you die!



Update -> December 12, 2017

HOLD guys!

Selling @ $1000 each (1/3 of my litecoins only)

1/3 @ $1000
1/3 @ $2000
1/3 @ Hold for for years and sell when LTC reaches $10,000 each.

 8) 8) 8) 8) 8) 8)



Update -> August 29, 2017

Hi guys, LTC $60+ and I'm retired, but I will hod until it reaches $500 or more!

See you all again when LTC reaches $500

Hold !!!

 8) 8) 8) 8) 8)




Update -> July 06, 2017

Hi guys, Bought all the money worth of litecoins, ha ha, call me crazy!. I'm here again after HODL for 3 years (I'm a professional Hodler) 8)  ;D, I saw my investment worth only 20% of the total, I did not despair in any moment, I discovered how cold I am  8)

Now I have my first million here in Brazil (BRL Brazilian Real), It is a good amout of money in my country, and I just 30 years old, ha ha!

Selling my Litecoins today, I can buy exactly 10 apartments like the apartment I have sold years ago to buy Litecoins. For example, buying 10 apartments and renting, I can live quietly and comfortably here in Brazil, and best of all, without having to work  8)

I will continue HODLING until it reaches $200+

I think I'm the first (or only?) Crazy to sell an apartment exclusively to invest in Litecoins, ha ha ha!

I will hold moar and moar, Maybe I'll sell @ $200 or $300 each LTC.

Here is my testimony

The higher the risk the higher the return, and I chose the higher risk

To the MoOoOn Litecoin, see you @ 200$+ each <3 ;D




ORIGINAL POST - 3 Years Ago

Hello everyone, in January 18, 2014, I will finalize the selling of an apartment here in Brazil which I will receive R$ 100,000, about $42,000 dollars, which I will invest half in litecoins and half in bitcoins

In recent days the bitcoin and litecoin increased, can we expect a new "crash" ?

What is the better time to buy bitcoins and litecoins??

Opinions are welcome, I do no what I do, buy now or wait  ???
Thanks to all

This is not advice but what I would do. 50% bitcoin / 25%litecoin / 25% NXT on the first week of February. BTC and LTC will be down, NXT slightly up but very cheap and will be amazing long term. I would also keep an eye on ltc/btc during the year. Significant corrections will happen this year.

The end of January will be a nervous time. It's possible the price will be lower around that time as manipulators will play on it.

People often advocate dollar cost averaging - buying a certain amount each week spread over a few weeks. This is a little stupid if the price is absolutely exploding, but it feels like a sensible thing to do at the moment.

Second the nervous time comment. Buying into or out of bitcoin is all, nothing or regret.

Eh, I wouldn't gamble too much with waiting for the next crash. You are still going to make more the triple in a few years if you invest right now (whether or not you are lucky and buy in at a crash). You might buy now, and next week it'll crash to $500. Yeah, you'll feel like crap, but in a few years, it's going to be well over $3,000.

It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!

You should be fine either way its a risky but likely healthy return like any other investment

The whales have you sold on their idea. They want you to bring your fiat in now without thinking "because you will always make your money", "5000% returns will keep repeating themselves". Bitcoin has competition, the future is uncertain and there is a LOT of interest in having new money come in so holders can cash some out. Hodl all you want and I will do the same but be careful buying more at whatever price. That's how bag holders are made.

As long as this is not all the money you have to your name, i would suggest investing maybe 20-25k and keep the rest in the bank as reserves. If it were me, i would spread it about 65% btc and 35% ltc. Because LTC is much cheaper right now, there is much more potential for short term gains. If you are investing long, and believe that the value will be much higher in 1-3 years, then the price right now is irrelevant, as you are hoping to gain long.

The future is a lot more certain than it used to be, even a few months ago. Besides the positive government attitudes and places like overstock getting on board, the porn biz likes bitcoin now. That means we won. Bitcoin is here to stay and is going to be huge.

If you are thinking long term then the immediate price still counts for a lot. Obviously the more coins you can obtain for the same money, the more gearing you have when they gain in value. You need to decide for yourself whether prices will sag again.

It might be worth throwing a few hundred at some of the smaller altcoins after some careful research just in case one explodes.

I think this is a good time to be getting in. It's still tiny, the risk of extinction grows less and less and the infrastructure and adoption rate is slowly stirring into something big.

Risk? Sure, it's still a big risk. The odds improve all the time though and the upside is potentially mind boggling.

"going to be huge"? If we had won, we would already be huge. Bitcoin is excellent, the fanaticism is a detractor. Humbleness will help us more than combativeness.

I echo in slightly different words what others have been saying....

Loop's comments are confused and not very helpful to anybody. I get his points, but you need to understand where its coming from. And more importantly, who you are.

For most of us these decisions are very important and demand some serious thought. And self appraisal. To make a wise decision about this you must first determine if you are a trader or a VC investor, and you must understand your time frame.

ie. If you are making long-term (couple of years) strategic investment in a high potential/high risk tech innovation (VC investor), then the big goal in this kind of investing/thinking is accumulating total number of bitcoins. In that case, taking advice on price movements and entries from day traders and swing traders is just crazy.  It is a different mind-set and will just confuse you.  For this kind of investor, just jumping in or some kind of graduated dollar-cost averaging is probably the best approach.

VC investors is looking for returns of 10X 100X 1000X 10000X. Entry price can of course impact total returns, but is lower priority than time entry prior to order of magnitude jumps up (for example like what we just saw in November, or back in April). Historically, bitcoin will tend to stabilize quite a bit (volatility drops to almost nothing for extended periods) before the next jump up. Can't be sure that is what will happen next time, but that is how I have made my greatest gains in coins over the last few years.

And if you think bitcoin is just an asset bubble that will leave people "holding the bag" within your time frame, then you should not be making these kinds of long-term bets anyhow.

On the other hand, if you are trying to double your money in say 6 months, and then retreat to fiat, then timing of entry is crucial, and looking for high percentage entry points and well thought out trading plans is the name of the game. If that is your plan, now is probably a high risk time to get in the game.  And I would not buy now IMHO.

That's very wise advice.

OP, here is your answer yet again

Definitely not on the 18th -- it's pretty clear the 22nd will be the best time to buy.

Few years? If it doesn't even reach $3000 this year then BTC = fail

I've seen the 18th mentioned a few times. What of significance happens on this date?

Bitcoin goes to $10

Ah, right. Apart from that dead cert I'm still curious.

This is advice, it is not followed by the "I am not an financial adviser comment" its advice you should take and you can hold me accountable.

Diversify your assets and dont get caught up in the hype

Don't buy all at once. I would buy in $5000 chunks on any small dips. If you buy and the price falls more, buy more. If you buy and the price goes back up, sell off a few and buy again on the next dip.

Don't wait too long though, the last two years bitcoin has done pretty good in January.

This all depends on how much you believe in Bitcoin and what direction it is heading.  It's really tough to predict any commodity, whether currency, stock, bond, or commodity.

So many people believe in dollar cost averaging.  2/3rd's of the time for stocks that's not the best way to invest.  Best way to invest is simple invest, buy now.  Why?  Simple.  Market goes up 2/3rd's of the time. :)

Bitcoin isn't a stock.  But it certainly acts like one.  Also acts like commodity.  If you believe it Bitcoin, I say buy.

litecoin has already peaked, btc all-in or put some on peercoin as it will be the next litecoin

If a currency isn't on BTC-e, I'd be very skeptical about investing a significant amount. You don't want to be left trading on Cryptsy...

Good luck though. I hope it shoots to the moon for you, but mostly for me. :)

Perhaps diversify more widely for protection from flash crashes and unforseen growths of other assets.

This is a good time to buy crypto as the last price correction has already hit and now we are seeing sideway movement so the chances of you "buying at the top" is unlikely.

Litecoin has a lot of potential and has finally secured it's own independent payment processor(Something we've desperately needed for a long time now),
along with exchanges promising to pick it up soon(Coinbase, BTChina primarily) ... and technically MtGox - but F#$ them.

Would recommend against NXT. Most of the promised features have not made it in and the coins are too centralized in a mere 40 people who all know each other before it's launch.(As in 90% of the coins. Even worse than Bitcoin had during it's launch. There's no excuse for it now.)

Emunies on the other hand already has all the features, plus more, and as a Beta tester I can say it will be released fully functional. The coins are spread out widely amongst
the user base. The Dev is also a well known Google Engineer who has shown himself to be competent for the position. But that's just my biased opinion.

Protoshares are interesting as implanting some unique ideas not done in any other ult. This is a great time to buy as the value is down due to Angelshares absorbing a lot of the new money but that will change shortly.

CryptogenicBullion has not yet delivered their promise but is developing a blockchain to act as a database storage / function as a legal contract framework. Another unique idea not tried by anyone else. The value is very low as the MADEsparq Project is still in development but if the Dev releases it properly I see a game changing digital currency in the near future.

You should also consider some precious metals like Gold and Silver. It is generally agreed that the market has finally bottomed out and the slightest economic tremble from the US (such as when it is revealed that QE won't/can't be stopped) the value of digital currencies and precious metals will be sent into the stratosphere. Especially Silver.

It also gives you something shiny to play with when you are checking currency price charts and responding to the trolls that "bitcoin has no value".

Buy immediately on Jan 18, but only 25% on Bitcoin and 25% on Litecoin, the other 50% use it for cost averaging in case it drop..

Wouldn't invest in any altcoin, unless you are in it for day trading.

Why everyone talking about January 18? What gonna happen January 18?  ???

That's when the OP's house sale goes through and they have access to the money? But it has been mentioned in unrelated threads too. I'm a bit stumped.

Bitcoin gonna drop this month (january)? Do I need to wait to buy when It drop?  Probably gonna drop to ??? 500, 600 U$ ???

January 18, 2013 was the day that Bitcoin hit $10 for the first time since the bubble in the Summer of 2011.

A lot of people looked at it as the day that Bitcoin started to head back up and was starting to go somewhere.

that's what everyone here hope!

I think so... Probably this month and February price could be around 700$

nxt is a scam , OP buy bitcoin and Litecoin stay away from crap coins that are not even minable

Put half into peercoins..

buy litecoin and hold for a few months. scrypt/litecoin asics arriving soon price of ltc will skyrocket  8)

I would invest 50/50 in BTC and LTC This is my reasoning.

All it would take is for Coinbase to offer a direct LTC/USD exchange to cause a Litecoin boom in the USA. You would then see every business who accepts Bitcoin accepting Litecoin simply by association...

Think about it; If you operated a business who insta-sells all crypto for USD then as far as you're concerned Litecoin is no different from Bitcoin. Why would they choose not to accept it when the bottom line is still USD?

So the talk of Litecoin being silver to Bitcoin's gold will hold no water when the greater market with limited knowledge of either views them as equals. I think until businesses can buy product from distributors without first converting to USD there will be no distinguishing Litecoin from BTC in the eyes of a business and as such the greater market. Only after they are valued independently without that "common denominator" will they be viewed differently.

There are currently roughly 20 million Litecoins and 11 million Bitcoins in circulation. I expect that under the current situation the price of BTC will decrease by 1/2 and the value of 1 LTC will be about 1/4 of a BTC. Essentially the market would leverage as if there were 30 million Bitcoins floating around.

Of course the volume of trade is about to explode as growth and acceptance is on an exponential track even if the value decreases by 1/2 at any given time the boost in volume might cause the value of the currency to double, triple, ect... Also as the market share of BTC and LTC grows you open the doors to other investors who are dealing in much greater numbers. Think "offshore" accounts.

I would go 50% bitcoin, 50% bitbar

Could we please stop with the silly 'scarcity' argument? Just because the final coin-count is a lower number, does not make the coin any more scarce. This argument only applies to physical items with limited divisibility, but crypto-currencies can be divided arbitrarily (the 8 decimal limit in Bitcoin / altcoins is just a technicality that can be changed if needed).

BitBar is no more or less scarce than Bitcoin, which is no more or less scarce than DogeCoin with its billions of coins. Utility and market acceptance drive value, not the total amount of coins.

i would wait and try to buy below 600 gox not sure about LTC. but i am in on both with leveraged short (not big)

i believe you can get in at much better price  (i can be wrong of course, in that case i would lose on my trade) :D

i was gonna say the same thing, i expect end jan to be a nervous time

That is a lot of money, you might want to invest only like 20% on Bitcoin and Litecoin and put the rest in stock market...

There's no room in this thread for reasonable advice!

Bitcoin and litecoin will be a good investment whenever you buy.  If you are waiting for the "right time" to get in... you are guessing.  Right now the price of bitcoin is ~$900.  It might fall to $800... then again it might never fall below $900 again.  I personally believe that bitcoin will reach around $6,000 by the end of this year.

IMO, the stock market is FAR MORE RISKY than cryptocurrency.  Right now, especially, is a TERRIBLE time to invest in stocks. 

What is the basis of your prediction?

I know a guy who sold all his bitcoins at $250 when the price was skyrocketing... and he called others fools for not selling.  Now he is very depressed.  No one can predict what bitcoin will do.  You need to look at things in the long term.  Right now is an excellent buy.

Cmoon... Guys be real..

Seriously, these advices sounds like something that kids in high school would told. Of course it would be very wise to use some kind of portfolio and put some money on Stocks, funds etc.

No. Wise would be to research all available options and then bet on the best one. Maybe two. Diversification is a result of uncertainty.

Amigo, acho que o melhor a se fazer é ir comprando aos poucos. Se você tem 100 mil para comprar em moedas, vá comprando 20% em um mês, 20% no outro, até investir o tanto que você quer. Assim, você evita que uma correção la na frente faça com que você esteja 'mal comprado', mas da mesma forma, caso o valor das moedas dispare, você terá que pagar mais para comprar a mesma quantidade no próximo mês.

É uma forma de fazer preço médio.. acho que neste caso, vale a pena devido a volatilidade e algumas incertezas em relação a moeda (como o risco de alguma pool ter mais de 51% e eventualmente realizar um ataque).

I agree. Diversify and never put all in 1kind of investment .. Stocks, bitcoin andere others that you think that are great speculations. But in my personal opinion :don't invest at all if you need advice fROM people on a forum ... Knowledge is the first step,then action ..

I'm not going to say if now is a good or bad time to invest in the stock market now, but this statement is fairly ridiculous.  I totally believe in Bitcoin and have ~10% of my assets in them.  But Bitcoins could be zero-$10 in 3 years, they could be $5,000+.  The stock market will not be zero.  It's a lot safer investment, no two ways about it.  If it is zero, we don't have to worry about our Bitcoins because we'll have a lot of other presses concerns in the world.

It's very straightforward to label the stock market terribly risky if you paid $10 for your Bitcoins. If you're buying some now then that's a very different matter.

well at least im not calling fool everyone who is not selling :p

as i wrote above, i am aware i can be wrong. but even if there are two market participants with completely different opinion, they still can both come out with profits

I would buy now for 50% of the money, and keep the rest availlable on exchanges in case of a crash.  I always have buy and sell orders ready to make a bit more, using the 10 - 20 % weekly swing.  Dont put all in the same exchane.. spread the money on at least 3 differents exchange.. just in case.

Never forget, this investment can do 30 fold or loose 98% value overnight.

And never have regrets about your investment move.. otherwise, dont invest.

Happy trading

Why the stock market ? i dunno why ppl keep quoting "invest in stock market" like it's a sure guaranteed secure return on investment. NO IT ISN'T!! I've seen more people lose money in the stock market than i saw ppl lose money on Bitcoin or even Gold.

I've seen too many exchanges run off with peoples bitcoin to put anywhere near 50% in them. 10% is more appropriate. You can make plenty of money trading with $4200.

This is probably the best advice on this entire thread.  If and when you do invest, take the time to invest either through multiple exchanges or hold your coins in multiple wallets offline.  If online, I would hold some at BTC, Stamp, and -maybe- Gox.  In the US Coinbase also.  Then download MultiBit to have a wallet offline.  Be diversified not just in the coins, but also how they are held.

It depends what you mean by 'invest'.  By the way you are writing it looks to me like you will be looking at your crypto holding in terms of a USD investment from which you would like a USD return further down the line.

If this is the case I personally would prefer you didn't invest more than you wouldn't mind much losing all (or almost all) of - e.g. 5% of your overall investment portfolio.  My reason for requesting this is not primarily for your benefit but for Bitcoin's stability's sake.  Because people who are buying hoping to sell for more (especially those overinvested) are those liable to get angry at Bitcoin for going down when they wanted it to go up and panic sell thereby exacerbating price drops.

I would rather you spent time (either beforehand or after 'investing' a small amount) getting to understand better the potential of Bitcoin (you could do a lot worse than to listen to this a good few times - http://www.youtube.com/watch?v=bTPQKyAq-DM) and then only if you want to buy into the project and think of your holding as your stake in the future of crypto, something that one day you may have as your savings account when you are paid in Bitcoins and spend most of your daily expenditure in Bitcoins, to put in as much as you want to - but not to be looked at as a USD investment.

If it does so happen that the value re-commences its exponential rise and you see huge gains you may want to look at Risto's plan for taking some out but this is a very different approach to what you appear to be talking about and what most of the replies are referring to.

The fact of your having asked this question, and the way you ask it tells me you ought steer well away from day trading, and even further away from the advice of forum speculators!  The simple answer is nobody knows!  Whether you're going for a long-term low proportion of overall portfolio investment or a 'till singularity or death of Bitcoin' purchase the difference between buying at the lower end of current fluctuations and the higher as a proportion of its potential growth (or potential drop to near zero) is very little.  If you fancy hanging out for a little while with your money on an exchange to try and time your buy-in to get more why not?  But if you think in either context it makes very little difference you're more likely to think of it as a 'try and squeeze a little more out of my entry point' game and not lose any sleep over it whether you do it successfully or end up missing a price you won't see again in the foreseeable.

If you imagine after buying that the price drops by a third or something that this would have you upset or regretting your purchase then I would suggest you are investing too much.  If you're looking long term then it matters much less.

I am 100% Bitcoins because I believe the risk involved in alts are immensely higher due to what I see as the almost insurmountable network-effect lead Bitcoins has.  And if you're looking at long term I suspect the alt coin scenario will change rapidly with most of those around today long history.  I would not put more than 10 - 20% into alts and if I were to I might put 60% of that in Litecoin as a hedge (because something could break with Bitcoin) and 40% in another.

All the best with it all :)

50:50 is a good idea. If you have bitcoin, you must have litecoin too. Its the silver of the cryptoworld!

It will remain thus for as long as enough people keep believing it :)  I'm not convinced a pretty metaphor is enough in the longer term.

It offers no advantages. So, why?

My personal opinion: wait maybe one month or so, but do not wait too long :) and I personally would invest 80:20  BTC:LTC, because Bitcoin is likely to grow more than LTC in my eyes

Because it is currently selling for around $25 per coin and is in a position to expand rapidly this year. A jump from $25 to $50 would be the same as BTC going to $2,000.

Look at Coinbase; they just signed Overstock.com and are currently viewed as the largest American exchange service. They will likely continue this growth as more large mainstream companies get into BTC. These companies will align themselves with only the most reputable exchange service.

The inventor of Litecoin is working at Coinbase and it's a safe bet to assume that Litecoin will find a place on Coinbase sometime in the future. Litecoin isn't going anywhere people. You can mine it reasonably with your GPU. The grassroots of Bitcoin is supporting Litecoin and it's expanding rapidly.

Think about the impact of being able to spend Litecoin at Overstock, Netflix, Amazon and any other mainstream company that realizes the immense business opportunity with accepting Bitcoin and aligns themselves with Coinbase or another exchange service who later adds Litecoin support.

If you own a company who accepts Bitcoin to instantly sell for USD then you would accept Litecoin without thinking twice about it. Especially when your "merchant service" allows it with a lower rate than conventional payment processing. I can't see it going any other way. Litecoin is about to hit the sky.

If anything I consider Litecoin a more attractive opportunity than Bitcoin right now because of the price point. Going from $25 to $50 each will double your buying power and I can easily see $300 to $500 or more before the end of this year.

To put it in perspective: if LTC were to go on direct exchange for USD and the market volume brought the price to $400 that would be the equivalent of BTC going to $16,000.

For speculative purposes, that makes sense. I was more wondering about the functionality of the coin itself.

Gotcha, there is no real functionality difference between them. The differences are too subtle for any normal end user to realize.

I guess if you want to look at the single major difference it would be the total number of people mining. Even though Bitcoin has a larger hash rate I would say Litecoin is easily more diverse and widespread simply because more regular people have a decent GPU and mine than own an ASIC.

Co-sign, Litecoin is much more volatile as well. Your username also implies you are a bit biased.

LTC going to $400 is a huge stretch from where we are at now, and this is coming from a big LTC supporter.   I think BTC has a far better likelihood of reaching 16k before LTC hits $400

sorry mate, I'd say don't do it. BTC is coming in for a rough ride this year, and I can't see previous high being attained within the next couple of years. I am seeing BTC prices become more and more stable though, could drop to $600, possibly settling back around the $950 mark.

OIL however, is down at the moment. but again, stocks and shares, they all do the same thing, and they are only worth anything to someone who doesn't mind losing, as well as winning. It's all gambling at the end of the day.

What I might advise is use that $42k for a quick up. By all means buy BTC with it, but don't hold it for too long. take your quick profit and move on, or reinvest again, and do the same.

BUT... Today I am mainly being a total hypocrite, LOL. I'm still buying, but i'm an intro-venal BTC addict, and my share-dealing spread can afford me to play with BTC stocks, as a hobby, most days i make a 3-figure profit on BTC, depending on whether I short or buy... and my decision to short or buy is usually taken, depending on daily prices, tick-trends, political news and how reckless I feel when I wake up in the morning.

I do wish you the very best of luck. You could do a lot worse than buying BTC.

LTC/BTC ratio has been "fairly" steady for awhile now with slight variations here and there.  What makes you think that might change going forward?  If BTC does go to $16k, why wouldn't LTC go to $400?  As a background, I own only BTC for various reasons.  But LTC rides on the coattails of BTC, if BTC rises, genereally so does LTC.  But of course the reverse is also very true!

While I agree that Litecoin going to $400 right now without changing any variables would be more than a stretch. It wouldn't happen...

I'm talking about Litecoin being in a position to go to $400 or more with only a minor push in that direction. That push I feel is inevitable and soon.

To use a metaphor; Bitcoin had to fight an uphill battle in a head wind. Litecoin is riding in Bitcoins draft and could be right on Bitcoin's tail with little effort.

Change is unavoidable. The reason Litecoin will be offered for direct exchange is because it has a more attractive price point to the average consumer and will further drive the overall cause. It can also be used to soften the blow to the BTC market from all the large "sell" orders created by an increasing number of large companies getting on board who instantly convert to fiat. It's going to change. I feel certain of it.

There is a fortune to be made yet in Litecoin and it's not hard to see. You can't assume the exchange ratio will remain constant when you change the whole equation.

I think Litecoin's story this year will be more fascinating than Bitcoin's.

Bitcoin will become more entrenched in the minds of the public. Whether that causes LTC to fall away a little or whether more people are attracted to it because of its lower entry point is where things will be interesting.

It's unwise to underestimate the price point and the increasing feeling newcomers will have that they missed the boat. Many may jump straight to Litecoin.

As more Bitcoin infrastructure is created it may make those players more reluctant to incorporate Litecoin to avoid dilution. Perhaps there'll be a largely separate ecosystem created by others.

I've bought a few. I may grab a few more just to see what happens.

First apologies to the OP for turning this into a Bitcoin v. Litecoin battle. It was not my intention though I knew it likely once I recommended a much lower ratio of your investment be put to Litecoin.

By 'price point' do you mean they are cheaper per unit even though the 'units' themselves bear no relation to those of Bitcoin making a direct comparison of value almost impossible?  I'm not saying people don't buy for this reason - especially having talked to a reasonably intelligent-sounding man with a pretty responsible job who said he'd bought Litecoins for his son because by now Bitcoins were too expensive (per unit).

So I accept it is reasonable to expect Litecoins to continue to be bought 'because they're cheaper' and if so will have a positive influence on its price.  Yet my confidence in Bitcoins is based on people seeing real value in it as a groundbreaking technology with huge promise whereas if I went with the above I'd be basing my confidence in Litecoins on people's stupidity!


OP, and everyone else; I would also be wary of any advice given where the reason given by the advice giver for their confidence is 'feeling certain' or that they can 'feel it in their blood' or 'in their bones' etc.  It is not a rational way of investing for oneself, let alone to part with money on the basis of someone else's 'inklings'!

If I wrote an informative piece about the refraction of light and said, "The sky is blue but I feel certain it will turn red." Would you feel that I was basing my entire thesis on nothing more than a feeling even after I went further to identify my reasons being the angle of the sun in relation to the thickness of the atmosphere. Would you discount my future opinions based on the inclusion of the simple statement, "I have a feeling?"

If all you take from what I said above was "I have a feeling." Then by all means ignore my advice... But don't ignore the content of what I've written and then tell people to be wary of taking my advice.

I see you tend to agree with me about the perception of affordability being a huge benefit of Litecoin over Bitcoin even if it's really nothing more than a perception. People can ignore that fact or they can understand it and in turn profit from it.

Businesses are here to make money and people want to buy Litecoin. I'm sure most can do the math. The mainstream is getting involved. That day when Litecoin is exchanged directly for USD it will be a result of mainstream demand.

This is not a debate on which is better. I already stated that the differences between the two coins were too subtle for a normal end user to appreciate.

I most certainly did not agree that at all.  I see no benefit of Litecoin over Bitcoin.  What I see is value perpetuated by a misunderstanding, even, one could say, a delusion.  The problem for me with delusions is I can't be confident people won't get a light bulb moment and go 'Doh!  How come I didn't see that before' and they are deluded no more.  And in this day and age it only takes an effective meme for that to spread.  Then of what value is Litecoin?

Sorry if it came across that way.  I was failing to see something substantive.  Now I see you believe people's 'persceptions' irrespective of whether they have a basis in reason is a basis on which to invest.  We'll have to agree to disagree on that one I'm afraid.

Anywhere with good charts on this?

Litecoin isn't going anywhere.

Litecoin IS mined by a more miners and is therefore less centralized in terms of mining, making it more stable against a 51% attack.

People are always going to want an alternative. Right now, litecoin transactions confirm faster - I don't see that changing, it was designed to be that way. Faster TX times has value to a lot of people.

Why people spread FUD about litecoin is beyond me. The price of bitcoin is going to the moon either way. But to think that an amazing new invention like cryptocurrencies is going to be limited to one brand is just totally stupid. I can only guess they are statists since those types of people see the world upside-down and think damn near everything should be monopolized/centralized.

We can agree to disagree.

I do believe that the perception by the masses is a major market price driver regardless of the reasoning behind it or the accuracy of the perception. Value in anything be it platinum, oil, Bitcoin, or Litecoin is based by nothing more than a mass perception of value given by the people who desire to buy it and sell it. The market won't distinguish between Bitcoin and Litecoin overall because not enough of the population will care about or even understand the small differences between them. Both coins accomplish the same goal and both coins are a "strange and new" concept to them.

Litecoin might not have the "first mover" status but the same exchanges who provide merchants with the ability to safely accept Bitcoin will soon allow those merchants to accept Litecoin too. Litecoin has a large enough following to make an exchange service profitable. Basic laws of economics provide that if money exists to be made by offering a service then it's only a matter of time before somebody capitalizes...

I guess time will tell.

Best choice of my life!  ;D

Best choice of your life? LTC is at $14.50 didnt you buy it at $25? Sounds like a terrible choice

Best case he takes the money he has and puts it into something that would at least also gain value somewhat on par with inflation, like a proof of stake coin or something at least. Not into a PoW coin that just keeps sucking up money and making its value disappear.

Might as well invest in something like Dogecoin if you want to look at Litecoin seriously. You get the same result in a faster time.

He-he good to see this one back.
Ya you made a nice killing clinks the wineglass and cheers mate.
Well the Bitcoin side at least that Litecoin well its alright could have gone Doge ^^

if ever there was a demonstration of the wisdom of dollar cost averaging, this was it. the op could've been multiple times richer than he is now if he'd paced himself. still, he's gonna be more than fine in the end.

Wow, you really got to be out of your mind to make all-in into Litecoin!
So many people are constantly saying that this is a dead-coin, that even if I would be sure about my analysis, that wouldn't let me sleep, the crowd attidute is so overwhelming.

Indeed, it may have some really nice chance, because of the possible SegWit implementation, but in my opinion that just hyped that crypto, it didn't got any stronger than before, except the volume going up, but I do not expect to see it on that number for a long time, It is going to drop as soon as ltc will be not so loud among our community.

First you made three nice investment, dollar to real is now 1 dollar=3 real, if im not wrong, soo you got 20% just from those, backing to 2015 i believe bitcoin price were 300-400 dollars on those period, another amazing investment, ltc i dont remember at all, but im pretty sure you had roi multiple times with your risky investment, something you would have if you had the money in the bank neither rent your house, congratulations.

I believe even with good result from your investment if you had wait a bit more you could had made several much more, 2014 price were above 600 dollars i joined in the end of 2015 i know price were up and down.

It feels really good to read such a success story. It made me think deeply what to do with the coins I hold and the best I can do is to hold the bitcoins. The only thing I didn't understand was why you invested 50-50 to bitcoin and litecoin and not 100 % in bitcoin ? I guess it was because you wanted to at least diversify the risk.

Perhaps you should do some profit booking now? Litecoin prices can't be trusted. The exchange rate fluctuations are similar to those with the other crypto-currencies. It can drop by 80% in a matter of few days. It might be a better idea to convert at least a small part of your holdings to BTC or fiat.

I don't see any reason why you shouldn't buy btc. With that amount you can buy a couple of bitcoins. I doubted litecoin price, choose another altcoins instead. Be updated on the new coins that is being introduced and invest in there but you do have a lot of amount man, don't invest it all in cryptocurrencies, do some business in the real world or buy lands and house. That amount is enough to start a good business. Be smart.

Indeed. That amount can set up a real business that can give you steady earnings without risking losses in trading. Though i think it is reslly well worth it as well to invest in bitcoin, it's better to spread your capital especially if it's that big.

I think if you held all the LTC from the original time that you purchased, your profit margin may have finally caught up to if you would have put half in bitcoin and half in litecoin like I was recommended to do way back when the Original post was made.

LTC was sitting stagnate for so damn long but the Segwit stuff put LTC finally back on the map. That and coinbase finally adopting. That was what litecoiners were praying for for years!

$42000 is quite good to make a better earning through diversified investment into trading of altcoins and bitcoin. In reality I would like to suggest to invest it into some realtime or online business with bitcoin and few altcoins acceptance. This will help earn a better and grow your business good as the days of digital currency usage is increasing rapidly.

Its a great success story but consider taking out some profits even if only a small portion. You say you could buy 3 appartments like the one you sold so why not buy one then the other 2 appartments worth you still HODL. That way even if your investment goes belly up you still have everything you need.

The op hasnt made just 20%, those reference if im not wrong is about litecoin value into btc i do believe, the exchange rate from dollars to his currency has changed a lot, i might be wrong but i believe 1 dollars were 2,50 real, not sure at all. This is the histories that make several people do risk over crypto, sure if he had went all into bitcoin he would had made 10x the value as well the ratio against is local currency.

For sure when the op staryed this topic last 2014 and they hold their bitcoin and litecoin for sure they are now millionaire because they can earn a lot of profit. If they sell their bitcoin and litecoin. Byt bitcoin rpice is still increasing so its better if we hold our bitcoin now and wait the price to increase to the maximum price . Even the litecoin is now good and for sure if we invest that we can earn a lot of profit after that.

If you are still holding them then don't sell any LTC but sell bitcoin to buy more LTC :) people were crazy to pay $25 for LTC 3 years ago?
One other thing to think about: if you only held the $42K since 3 years ago you would've had $42K now but since you bought crypto and the most promising ones as well now you could have more than $100K if you sell them.

Well, congratulations opener, that is what I call to have some serious balls to do what you did, you could buy the three apartments you indicate and rent them or buy one and invest in more crypto and make even more money in the long run.

Me too...I was always wondering what happened with this.    Good job!!!


 Holding LTC through what I think was multiple years in the $3s would be tough.   I had a bunch of LTC, that I converted back to BTC when the conversion ratio was strong enough for me.   I think I would have been like 15% more profitable if I would have held until now, but dollar for dollar I didn't do that bad on my timing in switching back to BTC.

The op took a risk but it seems it has paid of maybe he  could get some fiat just to protect himself in the case everything goes down in flames in the case things turn out badly.

Never fiat my friend, always holding, I will sell half of my litecoins when It reaches 200$ each, other half when It reaches 300$+  8)

My again guys, the OP, Litecoin @ $50 dollars.

I will continue HODLING until it reaches $200+

To the moOooNn

ok good for you, but you don't need to repeat it in multiple comments :)
and it sometimes is so much better if you are more active in trading altcoins, rather than just buy and hold. that way you are also reducing the risk while maximizing the profit. for example selling yesterday on top could have meant a nice little profit to buy back more after it fell.

If you have $42,000 then you should just buy bitcoins instead of litecoin because litecoin is nonsense after the segwit of bitcoin is already activated. Litecoin is just hyped right now because of its advantages like segwit and also the fast and cheaper transaction than bitcoin but after the august 1 which is the segwit2x then bitcoin will be the king of all currencies again.

Ok, if you are so sure then good for you, but if I were you I will sell enough of my holdings to recover my initial investment that way even if everything was lost you will still have not lost a thing, but good for you for being so bold.

i am sure that the OP have a big smile right now because what he's invest is really worth today. his litecoin and bitcoin become expensive and if he sell right now, he should be a rich person in his city. i am glad to know that one person can really make money for being a hodler for a long time and its inspire me to do the same with my bitcoin and litecoins. its too bad that i know crypto currency in 2015 and i started with no money at all but now, i am glad that i can earn money for myself.

Yes, trading everyday always better holding in long time with altcoin have more fluctuations price as LTC in past days. With a cycle growth, day trader can make x2 x3 profit holder waiting reach to target, because not have altcoin always rising up, need time to recement and testing breakout again

$60+ and going up guys, hold BTC and LTC if you can!

Call you crazy? Yes, you are.. Putting so much money when you aren't rich is crazy thing but I believe it's proud action because you risked much and get absolutely much back, as you mentioned your invested money is now 20% of your ltc/usd.
On another hand it's hard to doscuss about ltc price in future. Will it reach 500$? I think it won't, it's not a coin which wants to do it's best to be alive and develope.

Yes that is really increasing with a good speed. I am also going to buy some litecoins and I will hold them for a longer time. I have a few coins at the time when the price was very low and now I am thinking that why not I bought at that time. But still it is good time to buy some coins.

I think if you would buy a Litecoin maybe the time is right now but in my opinion if you also want to buy some bitcoins maybe you just have to wait until its value will decrease by this month or in September because I think bitcoin will decrease again. I like your post 3 years ago it is really a good decision to hold your cryptos by that time you really inspired a lot of investors and the future people who will engage in the crypto currency world.

I'm the OP and I'm alive guys, and Still HOLDING, not sold my LTC @ 90+.

I'm still holding, no panic sell guys, believe in crypto, fuk china.

Prices will recover like always.

Hold is the right thing to do! Believe and HOLDDDDDDDDDDD!!!

This is a good sign of a believer, lol. Is the hodl of your bitcoin still there or not? how much did you invest in LTC back then and how much it valued right now? if what you have said that you can buy a 10 apartment then it means that your $42,000 becomes $420,000?

It seems that you really doesn't care about the FUDs and negative naysayers of cryptocurrencies and with that you really sow what you have been reap. Long live your patience and discipline, salute!

Why not just buy Bitcoin and relax? Litecoin is a copy cat and just trying to steal BTC's shine. Sure it's a good testnet for BTC but that's it.

Wow! you are rich now. Congratulations. Yes continue holding that coins you have can make you more richer in the future.

Yes true and proven that bitcoin investment is very profitable because it can make us rich, it all depends on us, not too late to follow them, buy now and see what happens 3 years later.

Hello guys, the OP again, holding here strong, patient, patient and patient.

See you @ LTC $100 each!  ;D

RICO!!

This is a great topic. It is great when people have the balls to do something like that.

Hold Guys! Hold For Ever!

Lucky you man, glad you were able to make so much money out of Litecoin. Hopefully the price doesn't crash like Charlie Lee has said it might.

This is my opinion, please wait until the price of bitcoin and Litecoin drops by 3% or more should buy. In the next few months it will happen so please be patient. I recommend investing in bitcoin more than Litecoin. As far as I'm aware, Litecoin does not have as big a impact as bitcoin at the moment, so the price will not rise as high as bitcoin. I recommend investing 70% in bitcoin and 30% investing in litecoin, you will be profitable.

this is a good idea to wait until litecoin drops by 3% because we can buy as much as litecoin we want with our money. but don't forget to divide your money to two parts for bitcoin and litecoin and I agree with you for the percentage for each coin and I think litecoin will give us a big profit for a long term investment. and for bitcoin itself, I think we cannot buy right now because bitcoin price it seems wants to rally to higher price and we need to wait for a while after bitcoin price is stable like last weeks.

oh that great investment and you have choose right time for buying as price of BTC is now a days is low as compare to past and expectation is that price will be increased in future as people again start investing and we hope this time it will hit 30K$ very soon. while litecoin is also the best choice you also need to go through to ethereum which is the second best coin.

Hold guys! better days will come, no worries, just hold and forget!

I am wondering why are you not giving much of the attention to ETH? This coin is getting attention of every crypto lover and its gonna do best in the march month or so according to the speculations section. I have been reading lot of buzz about it really and thats why looking after this investment. Also, if you ask yourself and see how the market is evolving for ETH then I would say its even better than the LTC or BTC. So my preference really goes to the ETH, then BTC and lastly for the LTC. I am holding my coins too and recently made transfer of the BTC to ETH for the sake of good things I juts wrote above. :-) Hope we hold and hold and then earn back the reward that we are looking for.