Bitcoin Forum

Hello everybody,

I have a serious question, just to "measure" some reactions...

I am a big BTC believer, however for some different ways then the average Hodler around here.
Bitcoin changed my way of life in a way, you couldn't even imagine :)

However I am\was also still a believer of LTC, not as a competitor for BTC,
but for the fact it is also POW, has a hard Cap, was created fairly like BTC and
is cheap and fast to use.

Actually, I consider (almost) everything else -Shitcoin-
(Yep, I am sorry, I also consider ETH a shitcoin. It was not created fairly)


Well, time for my question...


If you did have "say" 500-2500 LTC would you still Hodling it, or do you think is is\was time to sell them and exchange for BTC? (maybe a while ago?) And why?

Why I ask this; LTC is failing (in price AND evolution) compared to BTC.
Always looked at LTC as -digital Silver-... (to BTC = digital Gold comparison)
What I used to call "Litecoin Miner" is today called "Dogecoin Miner"


Is\was it time to exchange LTC for BTC???
Will LTC stand up to everything else -created- right now?
Could LTC be used in Metaverse projects?

Am I wrong thinking LTC has -failed- in some ways??
Should I prefer still Hodling my LTC after 6 years instead of looking for "something better"?

Let me know what you think




(Not sure this is posted right, if so please mods move it to the right spot)

We don't know what's in it for LTC in the future, having the developer left already made it even worse. Well, in the case of bitcoin it's entirely different if it's about its developer/owner.

My tip is if you're not comfortable and really want to exchange that lot of LTCs that you have. Do it in portions and sequences, like you'll trade 1/4 or any amount of it but not as a whole if you can't let go of all of it.

Or just convert it first into a stable coin so that you can use it during the dip times of bitcoin or buy back those litecoins if you want to.

Litecoin which is LTC had a very huge background and huge hits like a bitcoin.After the bitcoin,their come of Ethereum.Litecoin had same period of Ethereum.So Ethereum had a good value now,next will be the Litecoin for sure.Huge people waiting for the Litecoin pump.It was still at the bottom and one fine day is enough for the huge pump in price.

There are lots of "what if" to consider and we don't know what will happen in the future. One thing is for sure, both BTC and LTC have proven to remain well-built, strong, and backed by a large community.

In terms of investment, it should be you to manage it and adjust with the situation instead of those coins should adjust for you.

For at least on the safe side, consider investing in both. As you move forward, you can now make your own conclusion on what to do.

If you compare LTC with BTC or ETH in terms of parameters and development process as well as achievements, it is not comparable. But LTC also had significant growth reaching an ATH of $386 in May 2021.
Currently, new blockchains are constantly appearing and there are significant improvements. But LTC is still considered a good asset to accumulate when the market fluctuates along with BTC although the returns won't be as high as the new blockchain.

you are already in the safest investment and now you want to have another trouble in making decisions? why considering Litecoin more than Bitcoin when LTC already proven its position back in 2017-2018 yet dumps really bad , taking from top 3 now down to above rank 20? specifically in 23 position? i don't think this kind of currency will be a choice more than bitcoin.
reconsider your question an stay for Bitcoin instead.

I don't think that any developer would pick LTC for his Metaverse project.
Why are you asking this?Do you think that Metaverse projects can pump the price of Litecoin?
There's nothing special about the Litecoin project and blockchain.Nothing bad,but nothing great as well.
Litecoin was created with the purpose of being Bitcoin's competitor,but it's basically identical to Bitcoin,which kinda makes it worthless.I have more respect for ethereum,because ETH was built with the purpose of being different than BTC and to offer something different.
You can stick with your LTC coins if you want to.I don't expect the LTC price to collapse severely in the future.
LTC is the oldest altcoin and it has it's own community of believers,but the lack of good developers is what might make the project to fade away.

I'd immediately convert my LTC to BTC regardless if it makes sense TA wise. Why? LTC is totally unnecessary, beside LTC being some sort of lab rat for future potential BTC upgrades. We literally don't need a second proof-of-work decentralized money/SoV; especially knowing that it's just a fork.

Why even consider a copy of the original BTC as an investment or use? Then you might as well consider BCH or BSV. Of course litecoin has a better reputation, but still it no longer has the potential that it had 6 years ago. If I were you, I would choose only BTC, but if you want to buy some altcoins, it should not be litecoin.

If I have 500-2500 LTC, I will hold it, sell it at a high peak, and buy it back again at the lowest price. I do not want to just hold without selling because that is not the purpose of the investment. You can sell and convert it into BTC or USDT but I will check which price will go higher, in BTC or USDT. If the price is higher in BTC but in USDT, the price is just normal, then selling LTC pair BTC will be good.

Before you exchange LTC for BTC, you should check what price you want to sell so when the price does not reach your target price, you should not exchange it but still hold it for more. The two questions will depend on the demand in the market and how the developer and the team will react to the existing trend. You will see that in the next update from LTC (if they will announce it soon).

Maybe LTC has failed but I do not know about that. You already saw the high peak of LTC price in your holding time, so if you still hold it without selling on that high peak, then you should ask yourself, what is your reason to invest in LTC for 6 years???

You got to take all things into consideration.  Bitcoin's market cap.  How much more can it grow?  Litecoin's market cap still has space to grow as of now.  But Bitcoin is still the top one and Litecoin is still its fork.  Cheaper fork, with cheaper transactions and new things Bitcoin does not have are tested on Litecoin, such as privacy features.

But then.  If you look at the Litecoin per Bitcoin charts, you would know Bitcoin would have been a far better investment overall.  For how much longer this will be, I do not know.  But truth is, Bitcoin is still the go-to currency large Cryptocurrency investors pick.  Even if dog breed Tokens were the norm one year ago and some other Altcoins shook markets with their ROI's, Bitcoin still is even today the currency of choice for real investments.

You do you.  If I were you, I would diversify but keep a portion of Bitcoin too.  Bitcoin rules at all times, even during bear markets.  Few to no Altcoins offer you the least value drops during bear markets.  But when Bitcoin drops twenty percent, Altcoins go to hell.

-
Regards,
PrivacyG

I had always viewed litecoin as the silver, as you had mentioned and bitcoin as the gold when it comes to cryptocurrencies.
You are not wrong in your thinking of if and when it is the right time to sell and put into bitcoin.
The founder of litecoin had sold all his holdings back in 2017. When he thought it was the right time to do so:
https://techcrunch.com/2017/12/20/litecoin-charlie-lee-conflict-of-interest
https://www.cnbc.com/2017/12/20/litecoin-founder-charlie-lee-sells-his-holdings-in-the-cryptocurrency.html

And even if you sold 500-2500 ltc, it wouldn't crash the value of the coin.

I don't think so, as Litecoin is already here for a long time, if they already failed, a long time ago they were already not on the high market cap altcoins.
We all know that Litecoin is forked of Bitcoin which we also consider that Litecoin is a silver version in cryptocurrency, that's why I rather invest in Litecoin other than some random altcoins.

This is what I did back then and also my question to OP: if you had LTC when Lee sold his coins, why didn't you think of exiting? You'd do great if you sold and slowly kept buying BTC with fiat ove the couse of the bear market. That decision of the founder of LTC was like a wake up call for me. The captain is abandoning ship, time to run.
If I were you OP I'd be out long ago, but if you still hold LTC maybe you're attached to your coins, maybe there's some spiritual connection? :P I don't sell things that have sentimental value, so maybe you should keep holding.

LTC is an almost copy of bitcoin not jut fairly like BTC. The only difference is the PoW algorithm, supply cap and difficulty calculation (affecting block time). Otherwise everything else is the same!
It is also slower than bitcoin since 1 confirmation in LTC is nowhere near 1 confirmation in BTC.

ETH is a shitcoin not because of "fair creation" or something silly like that, it is a shitcoin because of all the flaws in its protocol, the bugs in the smart contract system, lack of immutability, massive premine, heavy centralization, ....

I would never have altcoins to want to decide whether to sell them or not. If you look at their long term charts you can clearly see why you should never bag hold any of them whether it is LTC or ETH or DOGE or SHIT.

Wrong. LTC is dumping regardless of BTC.

It is pretty simple, LTC was created in 2011 and after 11 years it still hasn't done anything apart from copying everything from bitcoin! It is not going to do anything in the future apart from getting dumped.

After reading this, I assume you're rich in and because of Bitcoin. If that's not the case, you may want to consider to diversify your assets.

If you are indeed rich as I assumed above, keeping $100,000 in LTC shouldn't be a problem. But I'm thinking it shouldn't be more than 1% of your assets.

To me, Metaverse is just as BS as ICOs and DeFi. Litecoin's USP is that it was the first (or one of the first, I wasn't around back then) altcoin. But like most coins, it's losing market share. And that's mainly caused by the massive amounts of new shitcoins still being created, and people still dumping their money in it hoping for a quick buck.

Something else to consider: If you're uncertain about LTC, sell a part of it.

You've holding Litecoin for over 6 years, that's mean you're long term investment and strong hand. I don't know why you should choosing other coins instead of Bitcoin for long term investment? To be honest I don't see any coins who have better returns for holding long term except Bitcoin.

Anyway congratulations for multiplying your funds at least 25x (assuming you bought Litecoin at the peak on 2016 for $5). I think 5 years later Bitcoin would outperforming Litecoin ROI :)

I remember when Litecoin and Ethereum cost roughly the same (around $20), so I invested equally in both. Of course, then the situation changed dramatically, and now the prices are extremely different. I thought Litecoin had potential to grow sigficantly, but it didn't grow much, and not I'm pretty sure it never will. Something like $500 is probably its limit. So, it still can be a good investment, especially considering the current price, but Ethereum is clearly a way stronger currency and will not be overpowered by Litecoin. But transferring BTC into LTC might be an okay idea. I wouldn't sell now, though, at such a low point. I think LTC will be worth 3 times more than it's worth now faster than the same happens to BTC. But I'm not sure, it's a tough question.

when it comes to investing, especially with large funds, I clearly choose btc to invest, in cryptocurrency bitcoin is the least risky coin and many investors like to make it a mandatory coin to invest in addition to diversifying from several other potential altcoins. although ltc when viewed from the graph has a chance because it is at a low price even in the current support area, but bitcoin is the main choice

I'd dump all my LTC, preferably for BTC, but if you're afraid for some unknown reason, you'll do better exiting into fiat and waiting for a BTC dip than holding LTC. That's my opinion, yo do what want, but I'm quite sure LTC is never going to achieve anything without BTC going to the moon first. If BTC dies, LTC will die. BTC goes big like 100k USD, LTC will probably pump some, but less.
It's unfortunate because most coins did good last year, including LTC and it was a great time to get rid of all the weak coins that only follow bitcoin's bull markets with worse results.

you may already know that in this crypto market the competition has become very high and having said that old altcoins like litecoin that are not keeping up with the new trend are losing interest from investors and as a result it is no longer an attractive altcoin, just see that to do Litecoin day trading has become a big headache because it doesn't have good volume, sometimes you have to wait hours for the btc - ltc pair to increase in price, honestly the only advantage you would have if you bought litecoin would be that how the price is very low and has the potential for 2x in the next few months I could buy it, but it is not guaranteed to have 2x due to high competition with better projects, having litecoin is risky


just exchange to bitcoin and save yourself headaches

Probably not. But when compared to other projects, maybe Litecoin is late to provide updates and seems to be limping in the crypto world. I suggested that to him because he already seems hesitant to hold Litecoin so if he can't hold Litecoin any longer, he's better off selling some or all of it to switch to bitcoin. Other than that, I'm only suggesting Bitcoin as his investment coin, and if I'm suggesting holding his money in USDT, he can use USDT to buy almost any type of coin on the market.

Please DON"T mate , yeah Bitcoin seems to be late in advancing nowadays but it doesn't mean that Litecoin should be a right option to shift , i think what you have to do is that Stay in Bitcoin and just put small amount in litecoin for better option .

it is better to Have 2 than just go all in one coin as the market is showing multiple act and not constantly in bitcoin totally .

No, he don't want to convert his bitcoin to litecoin but he is planning to convert his litecoin to bitcoin. This sounds better in your own terms right? because you seem to like bitcoin the most based on your words but imo litecoin is also a good coin. Op call it a shitcoin or anything else other than bitcoin is a shitcoin for him but he still invest on ltc.

I can agree that eth is a shitcoin because this is also what the majority is saying and we also have a shitcoin category, those are meme coins and new hype/trendy coins but some of the coins that are on the top list are not a shitcoin. Don't know if what is the price of ltc now but bull market haven't started yet. He can hodl for now and sell some of his ltc when it occurs, he can then use some of these funds to invest in btc.

We obviously need to know that Litecoin is a crypto asset designed to be an alternative in fast, secure and low-cost transactions by taking advantage of all the uniqueness and advantages of blockchain technology. Litecoin only takes 2.5 minutes for every 1 transaction block, the Litecoin network offers instant, almost zero-fee payments that individuals or institutions can make around the world. Like virtual currencies in general, Litecoin is a form of digital money that individuals and institutions can use to buy goods and transfer funds between accounts.
It is developed on the same blockchain as Bitcoin and can be used to make payments. The biggest advantage that Litecoin has to offer over Bitcoin is - speed. The fact is that Litecoin is called “Lite” coin because it is almost four times faster than Bitcoin.

This advantage of using Litecoin over Bitcoin will attract many new investors. Their Litecoin price prediction for the end of 2022 is $1000, but there are also predictions that it could even go up to $2000!
There are other projections that expect Litecoin's price to rise to the $1000 mark. They believe more investors will start investing in Litecoin because they are looking for options other than Bitcoin, and to reduce risk.

Again, all of this is an analysis of those who predict about Litecoin and everything is returned to each individual that what will be done is also analyzed as well as possible because everything can be different from what we analyze ourselves.

The problem with the altcoin world is that things aren't as permanent as people may prefer. LTC used to rank second and then it fell to third the following year, and then fourth the next, fifth the next, and so on. Crypto fads and trends are rising and falling in the altcoin market. Its presence is very strong that coins and tokens come and go as if they they're all castles built on sand. LTC might be no different, although perhaps it has a considerably strong community knowing that it is one of the pioneers. But you cannot risk too much on it. So if you prefer to HODL some LTC, it should be in moderate amounts. I, too, have some old LTC in my hardware wallet.