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Author Topic: Where to invest 25,000 USD - LTC or BTC?  (Read 3687 times)
Feri22
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July 13, 2013, 03:09:56 PM
 #1

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  Wink

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
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Deepweb
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July 13, 2013, 03:17:06 PM
 #2

I would invest in bitcoin, i dont see any value in litecoin, few users, nearly no merchants, few exchanges, not much development / developers. If litecoin becomes successful it will be only because bitcoin becomes extremely super sucessful.
Birdy
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July 13, 2013, 03:25:23 PM
 #3

Bitcoin, most people invest in Litecoin "because it will be on Gox soon".
Once it's there it will probably crash a lot.
(You might be able to make some money before that though, but I wouldn't recommend using most of your funds there)
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July 13, 2013, 03:32:41 PM
 #4

I would go 70% BTC and 30% LTC, and be much more flexible on releasing the LTC as soon it looks good.
If MtGox defaults, it will affect both BTC and LTC, anyways, in a very inpredictable manner.

Anyway, hold the BTC, and then whenever you need to buy any stuff, spend those instead of $, you'll automatically profit from the exchange rate growing in favor of BTC.
Please just don't sell them back for USD.

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July 13, 2013, 04:09:51 PM
 #5

BTC has a (quite) low value atm, you show try it now, and make some profit within a month Smiley
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July 13, 2013, 04:09:58 PM
 #6

bitstamp.net wire, per bitcoin prices are always $2-5 less than gox
don't bother with ltc until you have a firm footing in bitcoin, at which point you might decide that ltc isn't really worth it   Wink

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Kazu
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July 13, 2013, 06:11:30 PM
 #7

Bitcoin for sure, but don't just buy right away and hold forever like some users are indicating. I'd recommend sticking it on an exchange of your choice, then waiting until you think its an opportune moment, then buy. Buying just because you happen to have money is an easy way of losing money.

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July 13, 2013, 06:19:55 PM
 #8

i think it was a bit too late...

you should have purchased that money to bitcoin when it was $70/btc...

now btc is going to the moon....

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Birdy
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July 13, 2013, 07:00:15 PM
 #9

i think it was a bit too late...

you should have purchased that money to bitcoin when it was $70/btc...

now btc is going to the moon....

If it's really going "to the moon", why should it be too late now?
As nobody knows whether or not it will drop to $70 again, you could invest some now and some later in case it drops again.
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July 13, 2013, 07:40:19 PM
 #10

If you don't have a clear take on the market, one option might be to scale in. You could invest 50% into BTC and keep the rest in USD. I find that when I'm 50% in the market, it takes away some of the worry around needing to pick the right market direction (if the price goes up, I get some USD paper profit, if it goes down, I can choose to expand my Bitcoin holdings). Also, in your shoes, I'd probably hold off a week or two before doing anything as we seem to be on a knife edge between a bull and bear market. I think we may have more clarity in a few weeks. You could also look at putting a small percentage into dividend yielding stock denominated in BTC, check out the securities section of this forum and maybe seek some recommendations.
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July 13, 2013, 07:42:44 PM
 #11

I would say get LTC you will be able to get more coins and also more potential for growth
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July 13, 2013, 07:46:55 PM
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I would say get LTC you will be able to get more coins and also more potential for growth

With those arguments, you should better buy the trashiest coin you can find.
You can get more coins and the potential for growth is so much higher when the value is zero.
Wagner2014
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July 13, 2013, 07:55:12 PM
 #13

Wait till the bubble deflates!! buyer beware!

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July 13, 2013, 09:16:25 PM
 #14

Wait till the bubble deflates!! buyer beware!

the bubble has just started it'll start deflating when it hits $20,000/coin

ok
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July 13, 2013, 09:25:17 PM
 #15

Wait till the bubble deflates!! buyer beware!

the bubble has just started it'll start deflating when it hits $20,000/coin

You make me wanna throw up.
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July 13, 2013, 09:29:51 PM
 #16

Wait till the bubble deflates!! buyer beware!

the bubble has just started it'll start deflating when it hits $20,000/coin

I can dream. Will be able to buy a new Ferrari with what was pocket change a year ago. Talk about investment of the century!

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July 13, 2013, 10:07:41 PM
 #17

Your thread title says "invest", we're talking about crypto-coins, and your post body says a timeframe of "<1yr". Those things cannot coexist.

If you're thinking of this as an investment, you really need to extend your timeframe. Should be more like 5yrs+. At least. If you were to put money into Bitcoin, come back in a year, and consider it a failure if the price was the same or lower as now, you've entirely misunderstood the nature of the beast and its possible variance. High variance means you need to extend your timeframe.

Personally, I think bitcoin is a very positive-expectation play with excellent expected ROI over 10yrs, but the volatility is going to be extreme for years, and, of course, there's a non-trivial possibility of total loss.

Regarding litecoin, I don't see any reason why it should have much value in the long-run; there's nothing innovative about it vs bitcoin. Purely gambling.


tl;dr: Buy bitcoin, but only if you can expand your time-horizen to at least 5yrs.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
liberty90
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July 13, 2013, 10:16:57 PM
 #18

I would invest in bitcoin, i dont see any value in litecoin, few users, nearly no merchants, few exchanges, not much development / developers.

Exactly, litecoin always looked purely parasitic to me. It exist only because BTC is successful and some people who missed BTC have fantasy that altcoins can make them rich Wink
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July 13, 2013, 11:40:40 PM
 #19

Altcoins can make you rich and litecoin certainly made few rich.


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Birdy
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July 13, 2013, 11:45:02 PM
 #20

Altcoins can make you rich and litecoin certainly made few rich.
They can also make you poor, and several altcoins certainly did that.
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