Bitcoin Forum
May 28, 2024, 07:43:00 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: I have 22 BTC, should I spend it on LTC or FTC?  (Read 1184 times)
sumantso
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000



View Profile
June 17, 2013, 03:25:22 PM
 #21

Spend 10 BTC on LTC and another 10 on FTC.

With the remaining 2 get some dirt cheap WDC.

jcharles
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
June 18, 2013, 12:24:39 AM
 #22

Personally, I would spend it on BQC because right now its low priced on the market and its accepted in a couple of restaurants on the market.
Isn't LTC already high priced?


The entire BQC network has this nasty habit of completely dying for months at a time though...
But thats the exact time you should buy. It has survived a 51% attack and its better to buy it now when prices are down than to have bought it when it was 7 cents a pop in the early days.
It wont stay down.
Hopefully it goes up to 10 cents each.
ImThat1Guy
Newbie
*
Offline Offline

Activity: 57
Merit: 0


View Profile
June 18, 2013, 12:47:20 AM
 #23

I'd stick with BTC, to be quite honest. Altcoins aren't going anywhere fast, though LTC looks better than FTC.
Atruk
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500



View Profile
June 18, 2013, 12:57:30 AM
 #24

Personally, I would spend it on BQC because right now its low priced on the market and its accepted in a couple of restaurants on the market.
Isn't LTC already high priced?


The entire BQC network has this nasty habit of completely dying for months at a time though...
But thats the exact time you should buy. It has survived a 51% attack and its better to buy it now when prices are down than to have bought it when it was 7 cents a pop in the early days.
It wont stay down.
Hopefully it goes up to 10 cents each.

That's not exactly how it worked. And after the attack the best course of action was mining rather than buying because you would have had the whole chain to yourself. BQC was dead for months. If LTC an other coins didn't climb BQC might have stayed dead.

lolosu
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
June 18, 2013, 01:10:33 AM
 #25

ltc
maursader (OP)
Sr. Member
****
Offline Offline

Activity: 509
Merit: 250

Disrupt the banking system!


View Profile
June 18, 2013, 07:33:52 AM
 #26

Ok, finally I think I've decided, LTC seems like a good choice, and someone mentioned trading it for usd. What I may do then, is build a couple awesome LTC mining rigs with the money and recoup the investment in 6 to 10 months

Thanks!
firefop
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
June 18, 2013, 07:45:42 AM
 #27

I would like to stay with bitcoin as I trade with it, but currently I mine Litecoins and the reason why this question came up is because of all the economic advantages I heard about FTC. So as a short term investment, I find that LTC and FTC are both quite attractive you know?

For example, if LTC goes up to $10 each, I would have experienced a profit gain of 500%, and if FTC goes up to say... $1 the gain would be significant. I am just wanting to know out of the two currencies, which would sound better and if possible, why.

first of all let me say this. scrypt coins are a suckers bet in the long term. no digital process can be designed that cannot be completed faster/better/cheaper on customer hardware. Once prices rise on to an attractive point - someone's going to get around to making an asic or fpga and the entire alt-coin goes tits up.

That being said: If you're mining ltc - you shouldn't be buying more of it. Either hold it as an 'investment' (which is moronic imo) or sell it for btc as fast as you mine it. It's going nowhere long term and well fail completely if it ever becomes worth anything or ( once bitcoin is mostly asic based) the bitcoin devs get around to shortening the block generation time (and this has to happen to make bitcoin usable for POS applications in the real world).


legendster
Hero Member
*****
Offline Offline

Activity: 1778
Merit: 764


www.V.systems


View Profile
June 18, 2013, 10:55:32 AM
 #28

If its not BTC, it is TRC and THEN LTC


   ██████████        ████████████
     ██████████        ██████████
       ██████████        ████████
         ██████████        ██████
           ██████████        ████
             ██████████        ██
               ██████████
                 ██████████
                   ████████
                     ██████
                       ████
                        ██
|
     ▄▀▀▀▀▀▀▀▀▀█                 ▄▀▀▀▀▀▀▀▀▀█
 ▄▀                ▄▀█             ▄▀                ▄▀█
 ██████████    █             ██████████    █
 █                █                   █                █    █
 █                █     ▀▀▀▀▀▀▀█                █    █
 █                █  ▄▀             █                █  ▄▀
 ██████████▀                 ██████████▀
          █                                    █
          █                                    █
     ▄▀ █  ▀▀▀▀█                   ▄▀ █ ▀▀▀▀▀▀█
 ▄▀             ▄▀█               ▄▀               ▄▀ █
 █████████   █               ██████████    █
 █              █   █               █                █    █
 █              █   █               █                █    █
 █              █  ▄▀▀▀▀▀▀▀  █                █  ▄▀
 █████████▀                  ██████████▀

Blockchain
Database
                             ▄▄▄
                         ▄▄▀  ▀▄▄
        ▄           ▄▄▀  ▄▀▄  ▀▄▄
      █▄█   █████████████████    █
        █     █                              █ ▄▀ ▌
        █     █        ▄    █   ▄         █▀ ▄▌
       ██    █      ▀▄   █    ▄▀       █▀█
       ▌ ▌   █            █                █  █
       ▌ ▌   █                              █  █
       ██    ███████████████████
                     ▀▀▄  ▀▄▀  ▄▀▀
                         ▀▀▄  ▄▀▀
                             ▀▀▀
Dev friendly
SDK Platform
                             ▄▄▄▄
                         ▄▄█    █▄▄
                     ▄▄█            █▄▄
                 ▄▄█       ▄▄▄       █▄▄
                 █       ▄▀      ▀▄       █
               █▀     █      █      █     ▀█
               ▀▀█  █   ▄█▀█▄   █  █▀▀
               █▀▀   █  ▀███▀  █   ▀▀█
               ▀▀█     █    █    █     █▀▀
                   ▀▀█   █  █  █   █▀▀
                       ▀████████▀
                           █▄▄▄▄█
                 █        █▄▄▄▄█      █
             ▄▀ █▄                   ▄█  ▀▄
            █   █▀▄         ▀      ▄▀█    █
           █   █  █  ▌      ▀   ▐  █  █    █
           █   █▄▀▄▌      ▀   ▐▄▀▄█    █
           █       █          ▀        █       █
        █▀▀▀▀▀▀█                █▀▀▀▀▀▀█
        ▀▀▀▀▀▀▀▀                ▀▀▀▀▀▀▀▀
User-friendly
Token Creation
|
🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
*
Offline Offline

Activity: 1316
Merit: 1043

👻


View Profile
June 18, 2013, 10:55:52 AM
 #29

Invest it in CoinLenders.
larem
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
June 18, 2013, 10:56:52 AM
 #30

In light of recent developments with feathercoin (FTC) it seems like they have made strides in security which in my opinion, would have better protection at getting 51'd now than before; protection which may or may not have been done for LTC yet.

When buying one or the other, I'm always concerned about which one has greater potential. I'm a pretty risky fella, but I wanted to take your ideas into consideration just to see where the community is at.

So the big question is:

I have 22 BTC: Do I buy Litecoins or Feathercoins with it?

Please discuss.

If you like the risk, go with FTC. It has the greatest potential in regards to pure profit.

If you want to go with a moderate risk, go with mostly FTC and some LTC.

Least risk would be all LTC.

robert5
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
June 18, 2013, 12:18:50 PM
 #31

Why not both

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!