$42,000 dollars to buy Bitcoin and Litecoin - Time to buy?

[cryptoanarchist]

Don't buy all at once. I would buy in $5000 chunks on any small dips. If you buy and the price falls more, buy more. If you buy and the price goes back up, sell off a few and buy again on the next dip.

Don't wait too long though, the last two years bitcoin has done pretty good in January.

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[skivrmt]

Don't buy all at once. I would buy in $5000 chunks on any small dips. If you buy and the price falls more, buy more. If you buy and the price goes back up, sell off a few and buy again on the next dip.

Don't wait too long though, the last two years bitcoin has done pretty good in January.

This all depends on how much you believe in Bitcoin and what direction it is heading.  It's really tough to predict any commodity, whether currency, stock, bond, or commodity.

So many people believe in dollar cost averaging.  2/3rd's of the time for stocks that's not the best way to invest.  Best way to invest is simple invest, buy now.  Why?  Simple.  Market goes up 2/3rd's of the time.

Bitcoin isn't a stock.  But it certainly acts like one.  Also acts like commodity.  If you believe it Bitcoin, I say buy.

[romerun]

litecoin has already peaked, btc all-in or put some on peercoin as it will be the next litecoin

[RenegadeMind]

If a currency isn't on BTC-e, I'd be very skeptical about investing a significant amount. You don't want to be left trading on Cryptsy...

Good luck though. I hope it shoots to the moon for you, but mostly for me.

[samjtemp]

Perhaps diversify more widely for protection from flash crashes and unforseen growths of other assets.

This is a good time to buy crypto as the last price correction has already hit and now we are seeing sideway movement so the chances of you "buying at the top" is unlikely.

Litecoin has a lot of potential and has finally secured it's own independent payment processor(Something we've desperately needed for a long time now),
along with exchanges promising to pick it up soon(Coinbase, BTChina primarily) ... and technically MtGox - but F#$ them.

Would recommend against NXT. Most of the promised features have not made it in and the coins are too centralized in a mere 40 people who all know each other before it's launch.(As in 90% of the coins. Even worse than Bitcoin had during it's launch. There's no excuse for it now.)

Emunies on the other hand already has all the features, plus more, and as a Beta tester I can say it will be released fully functional. The coins are spread out widely amongst
the user base. The Dev is also a well known Google Engineer who has shown himself to be competent for the position. But that's just my biased opinion.

Protoshares are interesting as implanting some unique ideas not done in any other ult. This is a great time to buy as the value is down due to Angelshares absorbing a lot of the new money but that will change shortly.

CryptogenicBullion has not yet delivered their promise but is developing a blockchain to act as a database storage / function as a legal contract framework. Another unique idea not tried by anyone else. The value is very low as the MADEsparq Project is still in development but if the Dev releases it properly I see a game changing digital currency in the near future.

You should also consider some precious metals like Gold and Silver. It is generally agreed that the market has finally bottomed out and the slightest economic tremble from the US (such as when it is revealed that QE won't/can't be stopped) the value of digital currencies and precious metals will be sent into the stratosphere. Especially Silver.

It also gives you something shiny to play with when you are checking currency price charts and responding to the trolls that "bitcoin has no value".

[Undefeatable]

Hello everyone, in January 18 I will finalize the selling of an apartment here in Brazil which I will receive R$ 100,000, about $42,000 dollars, which I will invest half in litecoins and half in bitcoins

In recent days the bitcoin and litecoin increased, can we expect a new "crash" ?

What is the better time to buy bitcoins and litecoins??

Opinions are welcome, I do no what I do, buy now or wait  
Thanks to all

Buy immediately on Jan 18, but only 25% on Bitcoin and 25% on Litecoin, the other 50% use it for cost averaging in case it drop..

[Lewis2]

Wouldn't invest in any altcoin, unless you are in it for day trading.

[portalufonet]

Why everyone talking about January 18? What gonna happen January 18? 

[gentlemand]

That's when the OP's house sale goes through and they have access to the money? But it has been mentioned in unrelated threads too. I'm a bit stumped.

[portalufonet]

Bitcoin gonna drop this month (january)? Do I need to wait to buy when It drop?  Probably gonna drop to 500, 600 U$

[mufa23]

Why everyone talking about January 18? What gonna happen January 18? 

January 18, 2013 was the day that Bitcoin hit $10 for the first time since the bubble in the Summer of 2011.

A lot of people looked at it as the day that Bitcoin started to head back up and was starting to go somewhere.

[Hashcesar84]

Eh, I wouldn't gamble too much with waiting for the next crash. You are still going to make more the triple in a few years if you invest right now (whether or not you are lucky and buy in at a crash). You might buy now, and next week it'll crash to $500. Yeah, you'll feel like crap, but in a few years, it's going to be well over $3,000.

It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!

that's what everyone here hope!

[Hashcesar84]

Bitcoin gonna drop this month (january)? Do I need to wait to buy when It drop?  Probably gonna drop to 500, 600 U$

I think so... Probably this month and February price could be around 700$

[El Dude]

This is not advice but what I would do. 50% bitcoin / 25%litecoin / 25% NXT on the first week of February. BTC and LTC will be down, NXT slightly up but very cheap and will be amazing long term. I would also keep an eye on ltc/btc during the year. Significant corrections will happen this year.

nxt is a scam , OP buy bitcoin and Litecoin stay away from crap coins that are not even minable

[ThePatient]

Put half into peercoins..

[st4nl3y]

buy litecoin and hold for a few months. scrypt/litecoin asics arriving soon price of ltc will skyrocket 

[pungopete468]

I would invest 50/50 in BTC and LTC This is my reasoning.

All it would take is for Coinbase to offer a direct LTC/USD exchange to cause a Litecoin boom in the USA. You would then see every business who accepts Bitcoin accepting Litecoin simply by association...

Think about it; If you operated a business who insta-sells all crypto for USD then as far as you're concerned Litecoin is no different from Bitcoin. Why would they choose not to accept it when the bottom line is still USD?

So the talk of Litecoin being silver to Bitcoin's gold will hold no water when the greater market with limited knowledge of either views them as equals. I think until businesses can buy product from distributors without first converting to USD there will be no distinguishing Litecoin from BTC in the eyes of a business and as such the greater market. Only after they are valued independently without that "common denominator" will they be viewed differently.

There are currently roughly 20 million Litecoins and 11 million Bitcoins in circulation. I expect that under the current situation the price of BTC will decrease by 1/2 and the value of 1 LTC will be about 1/4 of a BTC. Essentially the market would leverage as if there were 30 million Bitcoins floating around.

Of course the volume of trade is about to explode as growth and acceptance is on an exponential track even if the value decreases by 1/2 at any given time the boost in volume might cause the value of the currency to double, triple, ect... Also as the market share of BTC and LTC grows you open the doors to other investors who are dealing in much greater numbers. Think "offshore" accounts.

[madalo]

I would go 50% bitcoin, 50% bitbar

[Rannasha]

I would go 50% bitcoin, 50% bitbar

Looking at the charts, bitbar is due to errupt in the coming months and could very well surpass the value of bitcoin due to it's scarcity.

Could we please stop with the silly 'scarcity' argument? Just because the final coin-count is a lower number, does not make the coin any more scarce. This argument only applies to physical items with limited divisibility, but crypto-currencies can be divided arbitrarily (the 8 decimal limit in Bitcoin / altcoins is just a technicality that can be changed if needed).

BitBar is no more or less scarce than Bitcoin, which is no more or less scarce than DogeCoin with its billions of coins. Utility and market acceptance drive value, not the total amount of coins.

[FractalUniverse]

i would wait and try to buy below 600 gox not sure about LTC. but i am in on both with leveraged short (not big)

i believe you can get in at much better price  (i can be wrong of course, in that case i would lose on my trade)