Bitcoin Forum

Guys, I have $ 41.000 to invest in bitcoins and litecoins, I think it would be better to spend this money on litecoins... hold and wait (I have faith in bitcoins litecoins, this is what motivates me) to convert litecoins in bitcoins, when again LTC/BTC at 0.05 ratio, as has been months ago.

Is it a good idea?

opinions are welcome!

Thanks

I think you should decide on what you believe the future holds and trust your belief. If you think LTC will fail then invest all in BTC. If you think the market will hold a place for LTC alongside BTC in the future then LTC is speculatively a better investment. LTC can grow several orders of magnitude much easier than BTC could do the same because of it's position behind BTC. It can capitalize on the success of BTC very quickly...

I think LTC will grow more than BTC this year but I also think that BTC will go up 300-1000%. We're up against a price wall at the moment with BTC but it's easy to see why... Just dollar cost average until Feb and if the market is still bullish in Feb then I see smooth sailing until at least next year.

I have about 70/30 LTC to BTC right now.

I believe BTC will be a major success but I also think LTC will follow the same path. I think those two will hold the majority of the market share...

I think you can't really go wrong with either. If you're a bull then get in the market ASAP. If you're bearish then now probably isn't the time. You might want to wait until after it hits $10,000 ea if you want less risk...

The way I see it; if we make it to $10,000 before Q2 2015 it's a confirmation that BTC will be adopted as an emerging technology and follow the logistic S-curve and not as a commodity where it follows speculation without the need of widespread adoption... If it can persevere with the inevitable government regulations then we're good.

I'm bullish. I buy some every week... I think it's a revolutionary idea and it's bound to occupy a large part of global trade if you ask me.

At this point you can do no wrong with BTC or LTC. They are tied at the hip and both primed for a BIG year

https://i.imgur.com/cjYWolw.jpg

DOGE subscribers now on r/Dogecoin = 670
Litecoin subscribers now on r/Litecoin = 68


Now:
DOGE market = $26 M
LITE market = $640 M

In future:
DOGE market = $2,600 M (10,000% return)
LITE market = $1,280 M  (100% return)


Bitcoin is first coin and winner coin.  DOGE is second best coin and to be #1 script coin.

VERY REVOLUTION

It is true that Doge is rising, but problem is in unexperienced players.
I think that it is better to invest such money in BTC. It is very probably that with LTC they will be still growing but Bit (as my personal opinion) will be more promoted and pumped by organizations or simply more and more shops that will allow to pay in BTCitcoins around the world.

5od0miz3r if you think a meme can reach litecoin, keep dreaming

dogecoin
very spam

Firstus, let me said in my opinion, alt coins will not perform well bitcoin long term.  Bitcoin is first coin and winner coin.  Other coins popular for, what they say in Uzbekistan pump and dump.

But, being said that, the best alt coin if you MUST is DOGE.  Reasoningz:

V FAST, MUCH CONFIRMS

Bitcoin = 10 min  ->  Litcoin = 2.5 min   ->  Dogecoin = 1 min

SO COINS, V RICH

Bitcoin = 21,000,000 BTC  ->  Litcoin = 84,000,000 LTC   ->  Dogecoin = 100,000,000,000 DOGE

SUCH COMMUNITY

r/Bitcoin = 954 online now   ->   r/Litecoin = 130 online now   ->   r/Dogecoin = 823 online now

doge-dice.com (trusted dooglus), doge-road (such highz), doge-tip bot (so generous)

LITECOIN SO SATURATE, DOGECOIN TO MOON

https://i.imgur.com/XpeZZQq.jpg

I would be the first to agree with you.. but I was kinda shocked to see that Doge has a higher 24h volume on coinmarketcap than Litecoin. It is #2 only to bitcoin. Which is insane for a "joke".

Divide the trade volume by the number of coins and look at it that way. If you want to make money with doge you better be a psychic... I can see BTC and LTC lasting in the long term. DOGE; not so much...

Those numbers are easily manipulated with a small cap coin. Just dont get caught holding the bag.

Its pretty clear to me that Doge is the new Feathercoin, and if you want to see where Doge's future is, look at where FTC is now (everyone jumped ship after some quick profits).

Its cute. Thats cool. But nobody is going to invest big money. 100% of the hype is generated by miners who love it because.... "many coins!"  "much pump" etc

I would invest in a portfolio of BTC Investments.
1. Bitcoin mining companies - buy GHS..money makes money.

2. Some start ps and other angel investments to help Bitcoin/Litecoin businesses flourish. I am an investor in one company they will go on Bankofthefuture in a few weeks so you could buy a few shares of that.

3. Invest in both BTC AND LTC..they will both have their place in the new digital Economy.

4. If you are a good trader put around 5-10% in upcoming alts and play with that money in trading.

5. Find a good nerd to help you build a rig as well. ;D

I only invest in BTC and DOGE personally.  Litecoin is tethered to Bitcoin like a little puppy -  I see no upside to Litecoin at all.

I appreciate Dogecoin is more of a risk, but I have always thought one of the biggest unrealized markets for crypto to capture is the sub dollar market and even the sub cents market.  Dogecoin is uniquely positioned to take advantage of this in my opinion. 

In terms of dollarized transaction volume, Dogecoin has become the number 2 crypto behind Bitcoin. Around $9M, while LTC is around $7M. It has gone up relative to BTC about 3X, iirc.

Personally I have never seen any reason to get into LTC. Is it even used anywhere? At least BTC CAN be used, although since most people only hoard it, that point is sort of moot. Dogecoin, otoh, is being used extensively, as a CURRENCY should be.

If, Dog forbid, Bitcoin should fail, due to 51% attacks, ASIC centralization, or disuse, and a Scrypt coin takes over, I fail to see why it would be LTC over the mighty Dogecoin. Which, btw, has been in existence for less than two months...

Sorry to get off topic, OP, but I believe in Bitcoin. And I believe in Dogecoin. But Litecoin, not so much.

Also, I know it is fashionable to say that timing is not important, as long as you think the trend is up, but Heck! Look at the charts! Best of luck to you.

Actually, I am guessing that if a merchant took BTC, it probably wouldn't be hard to add LTC functionality to it as well. That being said, I really don't know of many places that take LTC, not that I have looked. Sorry, gotmilk_ if I implied that LTC was not a worthy investment. I really don't know much about it, nor do I own any. Point.

You do misunderstand my intentions for posting. I certainly would not advise the OP to buy Dogecoin at today's price. I expect it to fall soon! But, heh, no guarantees! People seem to be excited about the Doge. Because, you know, cute!

As far as investments go, based on eventual number of coins go, one might expect a BTC:LTC:DOGE
 ratio of roughly 1:4:5000 eventual price. ASSUMING equal market caps. A big assumption! Then you have to figure in the probability of the coin's survival...


Well, no. I hope I didn't imply that he should do so. Especially at current prices. I sure wouldn't.


LOL! I actually don't want him to buy any right now, because I want the price to decline, so I can buy some more! Well, I'm not sure how much $41K would move the market. I guess not too much, but still...


Glad you brought that up. I've wondered about that stat for a while now. What does that even mean?

You know reddit.com/r/Bitcoin?

Mostest upvotes = high-quality smart comment       BTC

Second most = funny joke or meme like "to the moon!!!"      DOGE


Other serious/good posts too late to the party not get much upvotes.  Stay at bottom         LTC + others

If you want to wait the 0.05 ratio, even it do will happen again in the future,  you will find it's hardly to been caught, sometimes it come out when you are asleep, and the next second, the situation may reverse.

Those speculations don't worth you health ;D ;D ;D

I wouldn't invest that kind of cash in Litecoin. Litecoin moves more or less with Bitcoin. Litecoins value will go up when more exchange points come into existence, meaning, when more businesses accept it, games use it for in-app purchases etc. It has some of that potential, because bitcoin has more or less priced itself out of the microtransaction market.  But as long as the large majority of all Litecoin transactions are of purely technical or speculative nature, your only upside is a raise in market cap due to people investing in asic miners like crazy, which could make older Litecoins comparatively speaking more seldom and therefore more valuable as the asic investors hord the new coins hoping for ROI worthy exchange rates. But most of that would be fuelled by a desire of repeating bitcoin history and that is a weak foundation - very risky speculation. Imho, if bitcoin continues to get hammered by e.g. political pressure it could crash a few more times and litecoin will crash even harder. Just my 5 cents...

Take the money and build a business around litecoin (or bitcoin) which takes a percentage of transaction volume. You will add value to the currency of your choice, stabilise it and increase the chance of your fractional profit to increase in value due to fundamental growth.

Litecoin is very volatile. As for me, it is more secure to hold funds in Bitcoin. If you want to play with litecoins, you better invest a fraction of your funds to it. I'd recommend 10%.

I'd say invest into Bitcoins. If you're not willing to divest into multiple alts through some sort of portfolio mechanism (for the amount of money you are considering, 1 alt isn't enough, and it's way too risky; heck not even two is really enough also; in either case, I would only recommend 25% at the most of your investment), then it may not be worth it to just go into only LTC. BTC is relatively stable and continues to have quite strong indications of a bright future (continued adoption, gaining mainstream traction, etc). Litecoin, while steadily gaining more and more traction, doesn't seem to have as strong of an indication.

Don't invest in scamcoins, you'll get burned.

Doge's primary advantage is you can buy 100 quite cheaply, and tip some on 10 does not cost much, and this will last for some time, thus encouraging uptake, because the masses undertand 1 coin / 100 coin, and 1000 makes them feel they have something. This could see doge go to 1c and $1 a coin.

However the true leader here is PeerCoin.

LTC/DOGE/BTC/NXT/Mastercoin/almost every other coin are all focused on retail or being the pocket knife solution for everything, where only a small portion of the wealth is. The Big value is in appreciating assets, backbone currency transactions, store of wealth, houses, currency swaps, forex. Only PeerCoin has this explicit goal and is achieving it. Banks and people want a clean, unadulterated solution when they store their wealth.

Watch PeerCoin as it goes to N#1 or 2#.

with your 41K I would diversify, BTC, LTC, DOGE, PeerCoin, NXT.

Buy and equal percentage of the entire market in each then buy whatever you want in any. that way you will always hold equal power in each market and gain as it achieves is position in the same proportion

It's not a scam coin but the money supply is worryingly high for me, it's going to be until the year 2050 before we see any real price movement, that's the problem I have with coins like this, you have to have a lot of people trading it for it to move as well and you can see I'm right by looking at the current price of Doge coin and compare it to the others with a much smaller money supply

This kind of thing though is proof of why hyper-inflationary currencies like the dollar just don't work, the only difference between Dogecoin and the dollar is that while the supply is fixed it is being measured against Bitcoin, the dollar has had a century of it's true value being hidden since there was a monopoly over money for so long.

Sounds like a plan to me you just have to be patient and be on top of the market.

Although it's well possible, there is no guarantee that Litecoin will rise to its previous exchange rate. It could also loose even more value against Bitcoin. So what you are trying to do here is essentially speculation with an uncertain outcome. Is this strategy good? - It depends how much risk you are willing to take and if you are able to bear emotional discomfort when exchange rate is developing unfavorably.

Here is my trivial zero risk alternative which will cause much less emotional distress:

Buy Litecoin if you like Litecoin. Buy Bitcoin if you like Bitcoin. Buy both if you like both.
Hold and/or buy items you like for virtual currency.

go straight to bitcoin, dont bother with other subcoins

So what happened?

Maybe half and half.
I would not suggest 100% LTC, since LTC/BTC has been much lower much of last year.

I belive the best idea is to invest in bitcoin seciurities like PETAMINE for ex.
https://www.havelockinvestments.com/fund.php?symbol=PETA

thread

https://bitcointalk.org/index.php?topic=310783.0

I'm not so sure about bitcoin securities since i haven;t read about it yet.

Dogecoin were always interesting coin to invest. Spreading money on bitcoin/litecoin/dogecoin sounds most interesting. 

If you are interested in investing n crypto currencies then you should invest in bitcoin and bitcoin alone.

Pretty much any other investment in alt-coins is nothing more then speculation and really should not be done for any period other then the short term. Also alt-coins networks are much less secure then the network of Bitcoin.

Hodl

Don't fall for investments or sLitecoin like Litecoin

I'm sure i'm too late helping you with your investment and if you bought LiteCoins, my condolences  :'(

I would stay with Bitcoins as long as i can, so many great news are coming up to date...

WOW, I'm liking this idea

Bitcoin seems safer. I would have maximum 30% ltc.
In any case, I do think litecoin will survive at least one more bitcoin bubble.
Good time to buy any of them :)

Bitcoin has usage.

I don't think you can use litecoin anywhere.

Litecoin is a joke

i hope you haven't  invested in litecoin at the time of creating this thread

The cost of hash rate for scrypt coin will continue to go down till year end.

As the supplier cost go down, if there is no demand on the coin, price of all scrypt coin will continue their downtrend.

i would suggest LTC is a bigger risk - it's been on a downtrend as alot of new alts eat away at its market cap
but if you are right you your bigger risk would mean bigger returns
personally i sold all my LTC & i'd recommend BTC to you or even as much as people will disagree look at some other alts if you just want to flip for profit - its likely certain altcoins will increase by the amount you are looking for as an example my recent choice is Cinni Coin- it's got Encrypted Messaging,Invoicing and a chat box in the wallet and plenty of room for growth in the price

LTC has been going downtrend since it hit new high in December. With no new innovation and no usage, hard to see the coin have any value.

Litecoin is dead, i would advice to stay away from it, as well as the other altcoins.

I would go that far and called Litecoin dead.

There will always be supporters no matter how obscure it will become.

I think there is a lot to like about litecoin but as you point out there doesn't seem to be anything happening with it currently. Just six months ago a lot of people were saying it would surpass bit coin.

People are always scared of a downtrend, and then regret it when it returns  ;D consider some investment in LTC  :)

I think that all alts (including LTC) will eventually flame out as they are all inferior to Bitcoin

Is Litecoin going to survive in the long term? This is the lowest price in the last 12 months I think.

On Jan 19th 2014 the date the thread was started

Litecoin = $24, it is now $7.9.
Dogecoin = 0.003925 CNY, it is now 0.001475 CNY - I couldn't find USD data.
Bitcoin = $827, it is now $639.

OP: I hope you either bought Doge but sold within a month, or got into Bitcoin slowly - ie buying a little every week. I wonder if anyone is still predicting that Litecoin and Dogecoin will have better long term prospects than Bitcoin?

Only idiots

Fuck all shitcoins

I would doubt it. It is accepted for payment at very few if any merchants, and can really only be traded for bitcoin (some exchanges may exchange it for fiat). Owning LTC is basically speculation that anyone will start to accept it for payment sometime in the future.

1) Purchase or mine bitcoin and bytecoin.  On the second point the bytecoin I refer to is here: http://bytecoin.org/ and is labeled BCN on exchanges.

2) Donate to this initiative:  http://abis.io

3) Profit

Litecoin is likely a very bad investment for the above reasons.

IMO if you are going to speculate with large amounts of money on cryptos I would recommend bitcoin.

Litecoin still keep going down in value almost daily. I have not seen any big rally since January.

As for bitcoin, it may well be too late for late comers to gain any meaningful profit in the long term.

Perhaps I was slightly wrongish in my Dogeish enthusiasm, but I still like its community. I wonder though, if it's enough. OP, I hope you didn't buy lots and lots of Litecoin OR Dogecoin in January. Or anyCoin, really. Right now, the AltCoins are sure looking shaky. I still like Dogecoin, though, and for some odd reason, I wish I had some Darkcoin. The decision is yours, as always. I sure don't have a clue.

All alt coins, including darkcoin, dropped a lot in the last 2 weeks.

All other coins are a scam, stop wasting time and money
Hodl bitcoin

It's shocking to hear idiots think litecoin is diversification, if something happens to bitcoin, litecoin sure as hell will be gone first

Litecoin seems like a good diversification before the crash.

It did very well in 2012 and 2013.

I don't think that LTC will be the first alt coins to disappear, but I would certainly say that it is not a good investment. It does not give any real new value that bitcoin does not give.

Bitcoin has good infrastructure and network effect. Litecoin developers are sleeping on the wheel and are content with what they have.

I do not see any reason why any merchant would even want to accept litecoin for payment given it doesn't have enough infrastructure in place and offer nothing new than bitcoin.

The LTC network is nowhere near as secure as the bitcoin network is. If you ignore the fact that four, 2.5 minute confirmations are less secure then one, 10 minute confirmation, the LTC network hashrate is much less then then the bitcoin hashrate, and much less has been invested in by the miners.

Litecoin is dead, face it, stop wasting your time and join Bitcoin

Litecoin is dieing in slow agony. Doesn't mean Bitcoin is not in a bubble.

Your avatar is a joke.

More so litecoin was a joke when it was half a penny and is still a joke at. $7.50.

If that is the definition of a joke then I'll play that joke any day.

 ;D