Litecoin or Bitcoin? How will a big company (or a rich dude) invest

[bitcool]

If you are a CEO of Google, Amazon, Apple or whatever large high-tech/ financial company, or an intelligent multi-billionaire, and you become a cryptocurrency enthusiast, you see the future, so you decide to invest a portion of your wealth here.

Which currency will you be investing in: Bitcoin or Litecoin? How will you invest?

Please consider all factors before you vote: Supply, demand, market cap, user community, and risk-vs-return, etc.

After you vote, feel free to tell us why.

[Garr255]

If I had to invest at this very moment, I'd buy mostly Bitcoins and some Litecoins, because Litecoin is still an emerging market (more so than Bitcoin).

Right now it's best to wait until ASIC / other hardware has been released before jumping into mining; That said, mining is definitely the better long-term investment if you don't think BTC price is going to skyrocket soon.

[smoothie]

5% Gold bullion
10% silver bullion
60% bitcoin
25% litecoin

[Garr255]

5% Gold bullion
10% silver bullion
60% bitcoin
25% litecoin

That's pretty much where I am, aside from the Gold. I don't have the money for gold yet

[smoothie]

5% Gold bullion
10% silver bullion
60% bitcoin
25% litecoin

That's pretty much where I am, aside from the Gold. I don't have the money for gold yet

This was IF I was a rich dude or owned a big company.

[Garr255]

5% Gold bullion
10% silver bullion
60% bitcoin
25% litecoin

That's pretty much where I am, aside from the Gold. I don't have the money for gold yet

This was IF I was a rich dude or owned a big company.

Still though, 0% (practically next to 0%...) USD is a good thing I've been buying foreign currency lately, because my faith in the dollar is -- wait, I never haid faith in the dollar in my lifetime (after we left the gold standard).

[smoothie]

5% Gold bullion
10% silver bullion
60% bitcoin
25% litecoin

That's pretty much where I am, aside from the Gold. I don't have the money for gold yet

This was IF I was a rich dude or owned a big company.

Still though, 0% (practically next to 0%...) USD is a good thing I've been buying foreign currency lately, because my faith in the dollar is -- wait, I never haid faith in the dollar in my lifetime (after we left the gold standard).

I'm moving everything out of paper assets.

All savings over time is going into investments that will keep their value.

[meebs]

I'm moving everything out of paper assets.

All savings over time is going into investments that will keep their value.

Nobody knows what will keep value though. Gold in and of itself is as worthless as any other metal. It is just people have historically been willing to pay more for it on a weight basis.

If sh-t hits the fan in the future, who knows what will be the standard item of value.. maybe gold.. maybe some other commodity.

However, if you think about how the vast majority of people dont own much physical gold, I see that as being a hinderance to its dominance.

[DiCE1904]

Buy as many Litecoin as you can   

thats what I would do.

[smoothie]

I'm moving everything out of paper assets.

All savings over time is going into investments that will keep their value.

Nobody knows what will keep value though. Gold in and of itself is as worthless as any other metal. It is just people have historically been willing to pay more for it on a weight basis.

If sh-t hits the fan in the future, who knows what will be the standard item of value.. maybe gold.. maybe some other commodity.

However, if you think about how the vast majority of people dont own much physical gold, I see that as being a hinderance to its dominance.

Well given history of paper money...I'd say its 100% possible to have fiat paper be worthless!

Just look at history. Gold will never go to 0 unless we have a global killer where we all die.

[markm]

How rich?

If rich enough to 51% the bitcoin network I'd have enough hashing power that a bunch of chains that currently don't have enough hashing power to come out in the open could come out in public again using Massively Merged Mining.

So I'd form a few arms length corps to keep it from becoming obvious one entity has that much hash power, having several entities all invest hugely in hashing power and all happening to see the potential in merging lots of chains...

If that brings enough others on board merged-mining all the chains I'd maybe even be able to spare some capital to invest in some litecoin mining farms too. But first would be securing all the chains that can be merged.

-MarkM-

[bitcool]

How rich?

Well, I think he/she needs to be, (at least) rich enough to be able to buy out all Litecoins will ever exist, about 3 million dollars at current price, it's really not a big number in many parts of the world.

It will be fascinating to see what will happen IF Litecoin becomes a p2p currency with private "backing":

     will that make it stronger?
     or will users abandon it?
     will they reap windfall profit?
     will they become a new breed of evil central bankers?

[PandaMiner]

Still though, 0% (practically next to 0%...) USD is a good thing I've been buying foreign currency lately, because my faith in the dollar is -- wait, I never haid faith in the dollar in my lifetime (after we left the gold standard).

But foreign currency is pegged to the american dollar. Have you realized that?

[smoothie]

Still though, 0% (practically next to 0%...) USD is a good thing I've been buying foreign currency lately, because my faith in the dollar is -- wait, I never haid faith in the dollar in my lifetime (after we left the gold standard).

But foreign currency is pegged to the american dollar. Have you realized that?

Obviously not. lol

[mem]

You forgot the 2  most popular options to get a fuckton of cryptocurrency:

Run a HYIP with returns of 7% interest per week.
or
Sell pre-orders for non-existent products.

[wh00per]

Sell pre-orders for non-existent products.

+1

I'd rather invest in BTC mining  (current ASIC products) and return it for  some new hardware later. Since I'm not very rich .. I voted for litecoin mining LOL

[COINISM0001]

I have litecoin and bitcoin both. Bought Litecoin at $23 and Bitcoin at $400. But honestly, I believe that Bitcoin is king and everyone should invest in BTC

If you are a CEO of Google, Amazon, Apple or whatever large high-tech/ financial company, or an intelligent multi-billionaire, and you become a cryptocurrency enthusiast, you see the future, so you decide to invest a portion of your wealth here.

Which currency will you be investing in: Bitcoin or Litecoin? How will you invest?

Please consider all factors before you vote: Supply, demand, market cap, user community, and risk-vs-return, etc.

After you vote, feel free to tell us why.

[speakoo]

I vote to buy bitcoin as many as I can . I suppose bitcoin will have a better future than litecoin, the dev team of bitcoin is stronger than litecoin . And I heard even the creator of litecoin has sold all of his litecoins , so why should I believe in litecoin.

[pentol86]

actually, if you see from transaction speed, you will choose litecoin, it fast, not like bitcoin, everyday is slow. but for long investment, you can trust bitcoin, and this years, bitcoin will grow up to 5x after down.