Brand new to the cryptocurrency market. Currently I hold a decent amount of LTC. It's value has gone up nicely since I purchased it. I've read all the predictions for LTC in 2018 and 2019. It sounds promising as a long term hold...which is what I'm more comfortable doing...to reach $200 -$300 a coin. I like the fact that there is a team in place trying hard to ensure it's future. Charlie Lee may not be the most charismatic spokesman publicly but he's out there doing it which gives me confidence in his product. Now, it's obvious that ETH is not going anywhere. My question for the board is which outperforms the other in the next 5 years? I tend to invest heavily in the direction that has the bigger upside. Perhaps I should split my investing 50/50 regarding ETH and LTC? What say the more experienced cryptocurrency gurus?
I have nothing against BTC. I don't see it going anywhere. It is the giant. However, I feel the current price point is too high for my liking.
Thanks
They both look really good in my opinion. I really think Litecoin is undervalued. I really like Charlie Lee work, and I think it will be the best coin for small payments, directly competing with dash, and monero, etc. If you look at the price of those coins now, I think you would agree that LTC should be worth more. We all know that LTC is a testbet for bitcoin, so I think we will see the lightning network there first, and that will be huge. We already saw atomic swaps, we recently saw lightning atomic swaps, that will do wonders not just for speed, but for privacy as well. All this potencial for a coin price at $70? I think go for it.
As for ethereum I agree with you. It's not going anywhere, and it will continue to be used for ICOs funding, and that means that a lot of money will come into Ether. It has some potencial as well, a good community and a good dev, so it's price will definitely go higher.
I don't really agree with you on bitcoin. Don't forget that BTC will be the door for institutional money, so being around $8k for a coin is not much.
I would say 50/50 on Ether and LTC, but don't forget about BTC. I would go like 70% BTC, 15% Ether, 15% LTC on my porfolio.