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

[ccs5t]

Best choice of my life! 

Best choice of your life? LTC is at $14.50 didnt you buy it at $25? Sounds like a terrible choice

[MingLee]

Update -> April, 22, 2017

Hi guys, Bought all the money worth of litecoins, ha ha, call me crazy!. I'm here again after HODL for 3 years, I saw my investment worth only 20% of the total, I did not despair in any moment, I discovered how cold I am  

If I sell my apartment today, with the price of the dollar here in Brazil, I will be able to buy 3 apartments the same as the one I sold

I think I'm the first (or only?) Crazy to sell an apartment exclusively to invest in Litecoins, ha ha ha!

I will hold moar and moar, Maybe I'll sell @ $100 or $150 each LTC, ha ha ha! I do no...

Here is my testimony

The higher the risk the higher the return, and I chose the higher risk

To the MoOoOn Litecoin, see you @ 100$ each <3

Yeah man, you are crazy. Litecoin doesn't do shit except lose value to fiat inflation. Get out of Litecoin and buy ether (if you don't want bitcoin).

Best case he takes the money he has and puts it into something that would at least also gain value somewhat on par with inflation, like a proof of stake coin or something at least. Not into a PoW coin that just keeps sucking up money and making its value disappear.

Might as well invest in something like Dogecoin if you want to look at Litecoin seriously. You get the same result in a faster time.

[freedomno1]

Best choice of my life!  

He-he good to see this one back.
Ya you made a nice killing clinks the wineglass and cheers mate.
Well the Bitcoin side at least that Litecoin well its alright could have gone Doge ^^

[European Central Bank]

if ever there was a demonstration of the wisdom of dollar cost averaging, this was it. the op could've been multiple times richer than he is now if he'd paced himself. still, he's gonna be more than fine in the end.

[xypos]

Wow, you really got to be out of your mind to make all-in into Litecoin!
So many people are constantly saying that this is a dead-coin, that even if I would be sure about my analysis, that wouldn't let me sleep, the crowd attidute is so overwhelming.

Indeed, it may have some really nice chance, because of the possible SegWit implementation, but in my opinion that just hyped that crypto, it didn't got any stronger than before, except the volume going up, but I do not expect to see it on that number for a long time, It is going to drop as soon as ltc will be not so loud among our community.

[Rinder]

First you made three nice investment, dollar to real is now 1 dollar=3 real, if im not wrong, soo you got 20% just from those, backing to 2015 i believe bitcoin price were 300-400 dollars on those period, another amazing investment, ltc i dont remember at all, but im pretty sure you had roi multiple times with your risky investment, something you would have if you had the money in the bank neither rent your house, congratulations.

I believe even with good result from your investment if you had wait a bit more you could had made several much more, 2014 price were above 600 dollars i joined in the end of 2015 i know price were up and down.

[portalufonet]

You are 100% right, and I have bought lots of litecoins @ $2, If I sell today, more than 200% profit

First you made three nice investment, dollar to real is now 1 dollar=3 real, if im not wrong, soo you got 20% just from those, backing to 2015 i believe bitcoin price were 300-400 dollars on those period, another amazing investment, ltc i dont remember at all, but im pretty sure you had roi multiple times with your risky investment, something you would have if you had the money in the bank neither rent your house, congratulations.

I believe even with good result from your investment if you had wait a bit more you could had made several much more, 2014 price were above 600 dollars i joined in the end of 2015 i know price were up and down.

[swogerino]

You are 100% right, and I have bought lots of litecoins @ $2, If I sell today, more than 200% profit

First you made three nice investment, dollar to real is now 1 dollar=3 real, if im not wrong, soo you got 20% just from those, backing to 2015 i believe bitcoin price were 300-400 dollars on those period, another amazing investment, ltc i dont remember at all, but im pretty sure you had roi multiple times with your risky investment, something you would have if you had the money in the bank neither rent your house, congratulations.

I believe even with good result from your investment if you had wait a bit more you could had made several much more, 2014 price were above 600 dollars i joined in the end of 2015 i know price were up and down.

It feels really good to read such a success story. It made me think deeply what to do with the coins I hold and the best I can do is to hold the bitcoins. The only thing I didn't understand was why you invested 50-50 to bitcoin and litecoin and not 100 % in bitcoin ? I guess it was because you wanted to at least diversify the risk.

[Netnox]

You are 100% right, and I have bought lots of litecoins @ $2, If I sell today, more than 200% profit

First you made three nice investment, dollar to real is now 1 dollar=3 real, if im not wrong, soo you got 20% just from those, backing to 2015 i believe bitcoin price were 300-400 dollars on those period, another amazing investment, ltc i dont remember at all, but im pretty sure you had roi multiple times with your risky investment, something you would have if you had the money in the bank neither rent your house, congratulations.

I believe even with good result from your investment if you had wait a bit more you could had made several much more, 2014 price were above 600 dollars i joined in the end of 2015 i know price were up and down.

Perhaps you should do some profit booking now? Litecoin prices can't be trusted. The exchange rate fluctuations are similar to those with the other crypto-currencies. It can drop by 80% in a matter of few days. It might be a better idea to convert at least a small part of your holdings to BTC or fiat.

[L00n3y]

I don't see any reason why you shouldn't buy btc. With that amount you can buy a couple of bitcoins. I doubted litecoin price, choose another altcoins instead. Be updated on the new coins that is being introduced and invest in there but you do have a lot of amount man, don't invest it all in cryptocurrencies, do some business in the real world or buy lands and house. That amount is enough to start a good business. Be smart.

[gabmen]

I don't see any reason why you shouldn't buy btc. With that amount you can buy a couple of bitcoins. I doubted litecoin price, choose another altcoins instead. Be updated on the new coins that is being introduced and invest in there but you do have a lot of amount man, don't invest it all in cryptocurrencies, do some business in the real world or buy lands and house. That amount is enough to start a good business. Be smart.

Indeed. That amount can set up a real business that can give you steady earnings without risking losses in trading. Though i think it is reslly well worth it as well to invest in bitcoin, it's better to spread your capital especially if it's that big.

[keithers]

I think if you held all the LTC from the original time that you purchased, your profit margin may have finally caught up to if you would have put half in bitcoin and half in litecoin like I was recommended to do way back when the Original post was made.

LTC was sitting stagnate for so damn long but the Segwit stuff put LTC finally back on the map. That and coinbase finally adopting. That was what litecoiners were praying for for years!

[Duzter]

$42000 is quite good to make a better earning through diversified investment into trading of altcoins and bitcoin. In reality I would like to suggest to invest it into some realtime or online business with bitcoin and few altcoins acceptance. This will help earn a better and grow your business good as the days of digital currency usage is increasing rapidly.

[pizamoi]

Its a great success story but consider taking out some profits even if only a small portion. You say you could buy 3 appartments like the one you sold so why not buy one then the other 2 appartments worth you still HODL. That way even if your investment goes belly up you still have everything you need.

[krisnt80]

The op hasnt made just 20%, those reference if im not wrong is about litecoin value into btc i do believe, the exchange rate from dollars to his currency has changed a lot, i might be wrong but i believe 1 dollars were 2,50 real, not sure at all. This is the histories that make several people do risk over crypto, sure if he had went all into bitcoin he would had made 10x the value as well the ratio against is local currency.

[HatakeKakashi]

For sure when the op staryed this topic last 2014 and they hold their bitcoin and litecoin for sure they are now millionaire because they can earn a lot of profit. If they sell their bitcoin and litecoin. Byt bitcoin rpice is still increasing so its better if we hold our bitcoin now and wait the price to increase to the maximum price . Even the litecoin is now good and for sure if we invest that we can earn a lot of profit after that.

[ImHash]

If you are still holding them then don't sell any LTC but sell bitcoin to buy more LTC people were crazy to pay $25 for LTC 3 years ago?
One other thing to think about: if you only held the $42K since 3 years ago you would've had $42K now but since you bought crypto and the most promising ones as well now you could have more than $100K if you sell them.

[aeternus]

Well, congratulations opener, that is what I call to have some serious balls to do what you did, you could buy the three apartments you indicate and rent them or buy one and invest in more crypto and make even more money in the long run.

[keithers]

Best choice of my life!  

He-he good to see this one back.
Ya you made a nice killing clinks the wineglass and cheers mate.
Well the Bitcoin side at least that Litecoin well its alright could have gone Doge ^^

Me too...I was always wondering what happened with this.    Good job!!!


 Holding LTC through what I think was multiple years in the $3s would be tough.   I had a bunch of LTC, that I converted back to BTC when the conversion ratio was strong enough for me.   I think I would have been like 15% more profitable if I would have held until now, but dollar for dollar I didn't do that bad on my timing in switching back to BTC.

[bohr]

The op took a risk but it seems it has paid of maybe he  could get some fiat just to protect himself in the case everything goes down in flames in the case things turn out badly.