Hello guys,
as the title says - i would like to know your opinion on where to invest 25,000 USD? What would you buy for short term period - <1 year? Litecoin or Bitcoin? I don't want to look like 100% pure speculator, i have ecommerce with self defense products accepting bitcoin and if it would be possible, i would accept Litecoin too. I am using bitcoin almost every week to buy or sell goods for some time.
However, now I would like to make investment of 25,000 USD into cryptocurrency - ltc, btc or these 2 together. I know all the risks and i accept the fact i can lose all my money - but of course i would rather not to
I am thinking about diversify this money into LTC and BTC - but where to put bigger part? And why? And when you think will be the "best time" to invest?
Am I wrong if i think, that right now ltc has bigger potencial to rise in the short time period because mtgox is planning to accept LTC in near future (or at least they claim so)? I believe in BTC generaly, but now i am afraid, that miners with new ASICs will push the price down for some time selling almost immediately every BTC they mine until they break even...? I would like to know your opinions and see the reasons why to invest into BTC or LTC. I will make the final decision on my own, but i will appreciate every (reasonable) opinion of yours. I will try to write here how i decided and provide a report on the results.
Thank you
My recommendation would be to invest that into a crypto business/mining company instead of just holding onto currency straight up, by doing this you leverage growth in the business(es) and the currencies for yourself and keep generating the revenue past your ROI. businsses and mining companies both exist with both of the currencies you mentioned. Mining companies are probably the "safest" way to go in either case because their ROI is trackable and in many cases they have months of data and notable leaders with reputations on the line once they've been established.
There are also Pass through funds on various crypto stock exchanges if you don't want to deal direct but that increases your risk some, I won't talk about others and what I feel of them but I'll use the ones I run as an example: Cryptostocks.com has both a BTC and LTC pass through to Pyramining (PYRPXYBTC,PYRPXYLTC), where you can invest some of your resources into each, I then take the investment and convert to BTC if needed and deposit the BTC into their respective pyramining accounts, as pyramining pays out I take some of the funds as reinvestment and the remaining as a dividend to shareholders (minus a small administration fee, off latest dividend payments it equatted to about $2 after months of existence), If you decide to liquidate your fund then you merely need to sell your shares to someone else (this has happened already in both funds and the advantage of my pass through is that you can get more back than if you tried to sell a direct pyramining account to someone else since the risk is so high that one or the other party will be scammed). Pyramining rewards have been slow coming due to anticipated but now implementing their ASIC deployments so the rate of return will pickup in the near future. But as I said before there is slightly higher trust risk in that you have to trust pyramining and trust me when investing in a pass-through fund.
With direct mining operations some notable ones to consider would be pyramining, asicminer, nasty mining and a soon to be implemented LTC FPGA mining company ran by jasinlee if you choose to wait for it. I don't have experience with any of the other tradeable ones so I won't comment on them.
Good luck and I wish you the best with any investment vehicle you choose! Please report back on your experiences as it helps future investors make decisions with their investments as well!
