Bitcoin vs Litecoin : I sold LTC for BTC . May I wrong ?

[jbrnt]

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

You are right. I was thinking the same, but I also think about the halving come soon. I don't have as much Litecoin as do you, so since my Litecoin has lost so much value, I think I might wait to see what happens.

Why would you sell your litecoin after a 1.5 year decline in price vs bitcoin? That is just screaming "Too late, better wait for a better opportunity!!".

Because we thought the decline will end and it never came until now  

could we say that the litecoin pump is just temporary do to the halving ? maybe a pump group trying to have leverage from their accumulation vs what is coming to play now.

In my opinion, halving has everything to do with it. It's sheer speculation.

[CoinBateman]

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

You are right. I was thinking the same, but I also think about the halving come soon. I don't have as much Litecoin as do you, so since my Litecoin has lost so much value, I think I might wait to see what happens.

Why would you sell your litecoin after a 1.5 year decline in price vs bitcoin? That is just screaming "Too late, better wait for a better opportunity!!".

Because we thought the decline will end and it never came until now  

could we say that the litecoin pump is just temporary do to the halving ? maybe a pump group trying to have leverage from their accumulation vs what is coming to play now.

In my opinion, halving has everything to do with it. It's sheer speculation.

If you open your eyes wide enough, Bitcoin started off as a pump and dump coin too.

Moreover, it's still being manipulated to hell, just like every tradable asset for that matter.

[Amph]

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

You are right. I was thinking the same, but I also think about the halving come soon. I don't have as much Litecoin as do you, so since my Litecoin has lost so much value, I think I might wait to see what happens.

Why would you sell your litecoin after a 1.5 year decline in price vs bitcoin? That is just screaming "Too late, better wait for a better opportunity!!".

Because we thought the decline will end and it never came until now  

could we say that the litecoin pump is just temporary do to the halving ? maybe a pump group trying to have leverage from their accumulation vs what is coming to play now.

In my opinion, halving has everything to do with it. It's sheer speculation.

If you open your eyes wide enough, Bitcoin started off as a pump and dump coin too.

Moreover, it's still being manipulated to hell, just like every tradable asset for that matter.

but it is more dominant, and has a brighter future than any of its clone, this is undeniable, apparently it isn't a matter of what it is better, but of what it is less worse

and it is evident that it was a pump and dump, because you need a pump to rise its price and make it more recognizable, but this will bring dump and volatility also

i think P&D are natural thing for the health of the market

[EternalWingsofGod]

For a very long period of time the trading range of litecoin was around 2.00-3.00 bucks
After seeing it rally up to its current range I can understand why you wanted to sell your position, I guess the answer is to see how long it keeps up this strength.

[manselr]

For a very long period of time the trading range of litecoin was around 2.00-3.00 bucks
After seeing it rally up to its current range I can understand why you wanted to sell your position, I guess the answer is to see how long it keeps up this strength.

Actually LTC was stuck in the sub 2 dollar range for ages. Anything above 2 dollars would have been nice gains if you bought a lot during that period. Right now it has gone from 5.3 to 5.1. It seems it's holding nicely above 5 dollars. Im not sure what to do. I own no LTC but im considering gambling some cause it may go 2 digits for all I know.

[foxbitcoin]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

[bit1]

You was protecting your investment, so is crypto,Maybe BTC soon will rise in value and you bought it very cheap.

[klondike_bar]

altcoins have always reflected overall bitcoin sentiment. The rise happened alongside the 20% BTC price increase

but 400%+ gains are usually brief. It will likely go higher, but i imagine correct to <$4 first

[Hazir]

Hello guys,

I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is :

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ??

My decision was wrong

Never doubt and wonder how things would go if you sell/buy/do something else. In that point of time your decision was justified and it feels ok. It's all that matters.
I used to have this feeling all the time, that I might be selling BTC too low or buying too high.  Now I know that life is short and if I spend my time wondering if I do everything right I am wasting it.

[chesthing]

Timing is everything. You would have been "right" in trading your ltc for btc when it was worth $20+, as it plummeted to 1/20th it's value while btc plummeted merely 1/5th it's value over the same period. You were "wrong" selling when you did, as it has risen 2x in value compared to btc since.
Timing is everything. Usually, unless you are dealing with a total shitcoin, when you feel most like dumping this is a good time to buy.

[bryant.coleman]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

[HigsonPP]

I believe your crypto should be diversified. Since you need to keep check on risk and return.  A balance should be kept between the litcoins and bitcoins. Ltc is gradually taking a roll on market , and it's a good thing to keep invested in it as well.

[WhatTheGox]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

Ripple isn't a true crypto-currency, i dont think we can read much into it.  Looking at the trading volume, litecoin is miles ahead of ripple.

[ammy009]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

Ripple isn't a true crypto-currency, i dont think we can read much into it.  Looking at the trading volume, litecoin is miles ahead of ripple.

ripple !!!  isn't a centralized crypto currency 

[Amph]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

Ripple isn't a true crypto-currency, i dont think we can read much into it.  Looking at the trading volume, litecoin is miles ahead of ripple.

ripple !!!   isn't a centralized crypto currency  

yes it is, and they pay their employees with it, it's not going anywhere, propably it will fall even more, i sold mine for btc long time ago

also its marketcap is so big that it look like a joke to be honest

[glub0x]

My conclusion is that if bitcoin succeed, litecoin will probably stay around.
Now If bitcoin dies, litecoin WILL die with it.
So keeping litecoin is like adding some random layer out of the original risk (which is bitcoin success)

So keeping 50-50 is (in my opinion) a terrible decision.

That being say, you might want to speculate and try to get the most out of your litecoins, search for the top.
This is not the kind of game i play.

[WhatTheGox]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

Ripple isn't a true crypto-currency, i dont think we can read much into it.  Looking at the trading volume, litecoin is miles ahead of ripple.

ripple !!!   isn't a centralized crypto currency  

Of course it is, i heard that had to pay coinmarketcap to even be listed on there.  They can make more ripples anytime, its not a store of value.

[HarHarHar9965]

I believe your crypto should be diversified. Since you need to keep check on risk and return.  A balance should be kept between the litcoins and bitcoins. Ltc is gradually taking a roll on market , and it's a good thing to keep invested in it as well.

as all the people here are too much involved in bitcoins, and have dedicated so much of their time of their lives involving bitcoins in it, watching another crypto progress ahead does hurt, but people need to understand that there will always be competition. Have faith in your investment, and just go with it. And if you have doubts, then diversify your investments, maybe even invest in ltc if you wish to.

[Bobsurplus]

Mannn.. I sold over 15000 LTC at 1$ when it flew from the low $0.40 range.
Dont cry over spilled milk.

[ammy009]

Mannn.. I sold over 15000 LTC at 1$ when it flew from the low $0.40 range.
Dont cry over spilled milk.

Wow ! And I sold 800 BTC for only 8000 Perfect Money in 2012 for depositing my Liteforex account.