|
Title: Should I Sell LTC for BTC? Post by: ILikeMagicBeans on February 08, 2014, 05:01:36 PM Hey all
This has been bothering me for a while and my doubts are getting stronger. I have 36 LTC which is worth nearly 1 BTC at current prices, in the longer term investment would it be best to sell them and buy the equivalent BTC? I did think that LTC would always be a strong 2nd to BTC and slowly increase on that 2% margin but as time goes on im not so sure. What do you think? BTW I made the post here rather than the LTCtalk forum to avoid any "to the moon" type opinions :) Title: Re: Should I Sell LTC for BTC? Post by: Meuh6879 on February 08, 2014, 05:09:20 PM Can you have a QR code payment with LTC ?
if no ... buy BTC ! Payment is useless if you can't transmit easly ... Title: Re: Should I Sell LTC for BTC? Post by: romerun on February 08, 2014, 05:18:09 PM scrypt asic coming out, there's no clear point of LTC
Title: Re: Should I Sell LTC for BTC? Post by: roslinpl on February 08, 2014, 05:21:10 PM you should not ask nobody what to do with your money.
You should think about it for yourself on your own. Nobody here is a oracle. So maybe you should just figure it out on your own. Title: Re: Should I Sell LTC for BTC? Post by: guybrushthreepwood on February 08, 2014, 05:30:27 PM Why not keep the LTC and buy a Bitcoin? LTC may be good to keep hold of, it's still essentially the second best. How much did you pay for them?
Title: Re: Should I Sell LTC for BTC? Post by: ILikeMagicBeans on February 08, 2014, 05:43:58 PM Why not keep the LTC and buy a Bitcoin? LTC may be good to keep hold of, it's still essentially the second best. How much did you pay for them? I got in at about $8, I guess im just worried in case they go to shit and I could have cashed out for a profit and moved to BTC... already gutted I didnt sell 'em at $50 :) (I do have just over a BTC already too) Title: Re: Should I Sell LTC for BTC? Post by: Frost000 on February 08, 2014, 05:50:52 PM If you're even considering it, just do the switch.
If BTC "fails", LTC won't be too far behind anyways... But the opposite isn't necessarily true as well. Title: Re: Should I Sell LTC for BTC? Post by: ILikeMagicBeans on February 08, 2014, 05:52:32 PM If BTC "fails", LTC won't be too far behind anyways... But the opposite isn't necessarily true as well. Very good point! Title: Re: Should I Sell LTC for BTC? Post by: keithers on February 08, 2014, 05:57:17 PM Keep the LTC, at least until the LTC/BTC ratio is high enough to net you a profit. Although the two seem to mirror each other with rises and declines, there are some windows that allow you to get more BTC than you started off with. I have done this several times.
Title: Re: Should I Sell LTC for BTC? Post by: the_poet on February 08, 2014, 05:58:06 PM Easy one here:
- If you need the money, sell your LTCs and grab the fiat. - If you don't, keep them. We're not talking about any huge amount of money, so if you lose it (provided you can afford to, which is rule #1), it won't be much of a disaster. If your investment turns out to be profitable, you'll be glad you didn't sell them. |