Hey guys, about a week ago or so I purchased 1500$ worth of bitcoin and 500$ worth of litecoin. My 2000$ investment is now worth around 3k.. I'm pretty pleased with my results and I want to invest another 500 tonight, but not sure which one to get. I was gonna put it into litecoin to balance my portfolio out, but litecoin price has been pretty stagnant since that big jump from 150 to 300 (which I was lucky to catch the night before the jump) but bitcoin on the other hand seems to be on a steady rise. What do you guys think?
I think in the short-term Bitcoin has more chances to further grow in value compared to Litecoin after its recent dramatic jump. Just like XRP, this is the tendency with Litecoin and even with Ethereum...they sometimes just surge out of nowhere and then they stopped in a certain level you have to wait for the next opportunity that it can surge. Bitcoin is at least different for now as it can surge from time to time. There are however many other coins worth exploring those who are undervalued that can easily double the value when it is their time to shine.
Thanks for the response. The one thing that makes me want to get more litecoin is the possibility that it would jump into the tens of thousands like bitcoin. Can anyone offer a logical explanation as to why that would be likely/unlikely?