Should I buy bitcoin or litecoin? Or both?

[rc-cola]

Also what are the differences between the two?

[beetcoin]

bitcoin is where all the heat is. litecoin is using btc's dust to propel itself.

[Gator-hex]

Both, as they are two different interpretations of how to do this.

If Bitcoin fails, due to it's mining centralization, Litecoin will rise to take it's place as the most decentralized network.

Buy Bitcoins, but you can mine your own Litecoins on a PC, it was designed to make FPGAs/ASICs uneconomical.

[exstasie]

as mentioned before, go for both. There definite is a need and demand for digital currency, so if ions fails, anther one is most likely to take its place!

[poelling92]

Also what are the differences between the two?

Bitcoin has 1 confirmation in average every 10 minutes, Litecoin every 2.5 minutes
Both have different hashing method, so wih Bitcoin ASIC hardware you cant mine Litecoin

And yes, you will hardly find Litecoin merchant, it is very speculative coin and I personally think Litecoin will never be used much

[csargent]

Litecoin is not actually moving much. It appears as if there was a correlation between the prices of the two but not so much any longer. Since BTC price has exploded and crossed 350USD  (coinbase). I've noticed the price of LTC go up to 4 USD on BTC-e, but it's been pretty disappointing in general. There were rumours that LTC would eventually be added to Gox but this hasn't happened yet and most of the hype was due to one well-known P&D'er by the name of fontas. Currently I am MINING LTC just to have some on the side in the case something ever happens around it and price rockets, but at the moment BTC seems to be the winner in where to buy. I would hurry up though or wait for a "crash" in order to get a cheaper price point on BTC because the price has only been increasing as of late and it is difficult to get any sort of profit margin on BTC unless you are investing 100s of thousands or millions.

[descarte]

yeah i've been thinking of the same question. 100% on bitcoin or 50/50. litecoin value is really incomparable to bitcoin now. perhaps i will wait a while and see...

[bitcoindigi]

litecoin is fairly stable, but I'd recommend you to go with bitcoin only.

[Sindelar1938]

Go with bitcoin only

[btchellas]

I would invest 90% btc and 10% ltc

[ajax3592]

I would invest 90% btc and 10% ltc

Yes, that's how you should invest. Diversify your portfolio. If you are investing $1500 buy litecoins of $150, even if it gets to $10 in Nov 2014 you got your money more than doubled in a year 

[Ecurb123]

I think it would be a good idea to buy both, I would do 75% btc as the more reliable one and litecoin as the high risk with 25%.

[BitcoinAddicts]

50% BTC and 50 Litecoin should be good enough...

[deem]

After reading this forum
For a few months now (but never really posting), I'm sticking almost solely to BTC. I might buy few ltc and then see how things go. However, if you have a decent amount of fiat to put in, going in the 5-10% range for ltc could be a good idea.

I'd recommend checking out the topics on litecoin in the alternate cryptos section.

[whitemage]

Why dont u consider FTC instead.

[irpirate]

It's probably better to invest into both of them. You never know 

[Corenin]

Litecoin, cause bitcoin is overpriced..

[CoinTerm]

Buy at least 10% litecoin.  There is enough room in this game for more players.  Hedging is most often smart.  People who use btc as currency don't like wild rides as much as all of the pure speculators.  When litecoin starts being accepted, it will also explode. 

Everyone talking down litecoin - rewind 2 years ago and just replace your words with bitcoin.  Thats what they said about btc, thats what they say now about ltc, that is what everyone will think about every next big thing.  It may never take off, but hedging makes for an overall better investment.

[Kiki112]

bitcoin is where all the heat is. litecoin is using btc's dust to propel itself.

exactly, go with bitcoin
bitcoin has a much wider use and as such it is probably the better option

[superresistant]

BUY LOW SELL HIGH
What is complicated to understand ?
Right now Bitcoin is high, Litecoin is low.