pixel (OP)
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Activity: 98
Merit: 10
x1 7970 | Aprox. 587 kh/s
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March 31, 2013, 03:52:50 AM |
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Should I buy BTC or mine LTC? I don't have a miner yet should I decide to mine LTC, I don't pay for electricity. I have about $665 to invest. Im only asking here because I have the inability to make up my mind.  Thanks in advance |
Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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mccorvic
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March 31, 2013, 03:59:48 AM |
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Buy BTC.
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bitcool
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Activity: 1441
Merit: 1000
Live and enjoy experiments
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March 31, 2013, 04:06:25 AM |
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Mine LTC of course, especially you have free electricity.
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pixel (OP)
Member
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Activity: 98
Merit: 10
x1 7970 | Aprox. 587 kh/s
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March 31, 2013, 04:06:33 AM |
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Buy BTC.
Straight forward enough  , any other opinions? |
Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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mccorvic
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March 31, 2013, 04:17:50 AM |
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Buy BTC.
Straight forward enough , any other opinions? But seriously, just cut out the middle man and buy btc. At best you'll be buying mining equipment and find yourself marginalized quickly by more miners and have have to move to the next scam-coin they come up with. Buying BTC will save you time, effort, and less chance of just losing out completely. |
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pixel (OP)
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Activity: 98
Merit: 10
x1 7970 | Aprox. 587 kh/s
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March 31, 2013, 04:38:14 AM |
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Buy BTC.
Straight forward enough , any other opinions? But seriously, just cut out the middle man and buy btc. At best you'll be buying mining equipment and find yourself marginalized quickly by more miners and have have to move to the next scam-coin they come up with. Buying BTC will save you time, effort, and less chance of just losing out completely. I knew you were being serious, just wanted to see other points of view. What you said is what I'm leaning towards though. Should I put it all in BTC? |
Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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zeroday
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Activity: 784
Merit: 1000
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March 31, 2013, 05:22:30 AM |
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Bet on stronger, buy BTC
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Gordonium
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March 31, 2013, 10:34:26 AM |
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Buy BTC.
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pixel (OP)
Member
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Activity: 98
Merit: 10
x1 7970 | Aprox. 587 kh/s
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March 31, 2013, 02:51:36 PM |
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I'm going all in on BTC  |
Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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Gordonium
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March 31, 2013, 03:20:15 PM |
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I'm going all in on BTC +∞ |
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bitcool
Legendary
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Activity: 1441
Merit: 1000
Live and enjoy experiments
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March 31, 2013, 03:30:31 PM |
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good for you.
either way, you're ahead of 99.999% world population
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pixel (OP)
Member
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Activity: 98
Merit: 10
x1 7970 | Aprox. 587 kh/s
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March 31, 2013, 05:11:55 PM |
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good for you.
either way, you're ahead of 99.999% world population
Horray! |
Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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hello_good_sir
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April 01, 2013, 12:08:13 AM |
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The network effect means that litecoin will never have value. Litecoin has no fundamental advantage that would allow it to succeed in place of bitcoin. If you are going to invest money in a crypto-currency by far the best investment would be to simply buy BTC.
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chriswilmer
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April 01, 2013, 01:35:16 AM |
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The network effect means that litecoin will never have value. Litecoin has no fundamental advantage that would allow it to succeed in place of bitcoin. If you are going to invest money in a crypto-currency by far the best investment would be to simply buy BTC.
I don't agree with this. Facebook eventually overtook Myspace and I'm not convinced it was driven by features. There are a lot of reasons why multiple networks can co-exist that can have to do with social, cultural or political boundaries. A popular computer game that incorporates litecoins in the future might make it very popular among teenagers, much to the befuddlement of adult bitcoin users. |
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mccorvic
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April 01, 2013, 04:00:40 AM |
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A popular computer game that incorporates litecoins in the future might make it very popular among teenagers, much to the befuddlement of adult bitcoin users.
No, because that game would just use BTC. The end. |
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Stunna
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Primedice.com, Stake.com
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April 01, 2013, 05:30:44 AM |
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Why not try both? Split up your funds.
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klee
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Activity: 1498
Merit: 1000
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April 01, 2013, 07:28:32 AM |
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Why not try both? Split up your funds.
I go 95% on BTC and 5% on LTC but the main idea is this - split your funds. Maybe 1% Ripples too? Just saying... EDIT: I was posting as a reply to OP |
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yocko06
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1Kgyk4nQSzb3Pm9E9vWiGVyJ6jpPwripKf
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April 01, 2013, 01:54:39 PM |
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I would look at bitcoin like gold and litcoin maybe like silver. There is going to be more litecoins so the value will never be as high but there is a lower echelon that will need smaller denominators to trade with.(the third world)
I think both will do well though but Im keeping my money in bitcoin.
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xorglub
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April 01, 2013, 01:59:21 PM |
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One does not affect the other so unless you cannot afford it, do both !
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tatsuchan
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April 02, 2013, 02:44:55 PM |
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Don't bother mining unless you enjoy the hobby aspect. I've spent countless hours last year configuring miners, building, buying, repairing, etc.... With a marginal profit. If I would have invested my few thousand mining dollars when Bitcoin was $6, I'd be sitting on a much bigger hoard of coins.
With your few dollars, I'd go 60% BTC 40%LTC. It is good to diversify. DON'T sell for at least a year though. It will go up and down.
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