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

[portalufonet]

Update -> January 24, 2018

Hi everyone, I did not sell any of my coins, HOLDING strong, better days will come, stay calm, stop looking the prices, live your life and come back after 1 year and be surprised with LTC's price!

H O L D until you die!



Update -> December 12, 2017

HOLD guys!

Selling @ $1000 each (1/3 of my litecoins only)

1/3 @ $1000
1/3 @ $2000
1/3 @ Hold for for years and sell when LTC reaches $10,000 each.

 



Update -> August 29, 2017

Hi guys, LTC $60+ and I'm retired, but I will hod until it reaches $500 or more!

See you all again when LTC reaches $500

Hold !!!

 




Update -> July 06, 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'm a professional Hodler)  , I saw my investment worth only 20% of the total, I did not despair in any moment, I discovered how cold I am  

Now I have my first million here in Brazil (BRL Brazilian Real), It is a good amout of money in my country, and I just 30 years old, ha ha!

Selling my Litecoins today, I can buy exactly 10 apartments like the apartment I have sold years ago to buy Litecoins. For example, buying 10 apartments and renting, I can live quietly and comfortably here in Brazil, and best of all, without having to work  

I will continue HODLING until it reaches $200+

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 @ $200 or $300 each LTC.

Here is my testimony

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

To the MoOoOn Litecoin, see you @ 200$+ each <3




ORIGINAL POST - 3 Years Ago

Hello everyone, in January 18, 2014, 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

[loopgate88]

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.

[gentlemand]

The end of January will be a nervous time. It's possible the price will be lower around that time as manipulators will play on it.

People often advocate dollar cost averaging - buying a certain amount each week spread over a few weeks. This is a little stupid if the price is absolutely exploding, but it feels like a sensible thing to do at the moment.

[loopgate88]

The end of January will be a nervous time. It's possible the price will be lower around that time as manipulators will play on it.

People often advocate dollar cost averaging - buying a certain amount each week spread over a few weeks. This is a little stupid if the price is absolutely exploding, but it feels like a sensible thing to do at the moment.

Second the nervous time comment. Buying into or out of bitcoin is all, nothing or regret.

[mufa23]

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!

[freedomno1]

You should be fine either way its a risky but likely healthy return like any other investment

[loopgate88]

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!

The whales have you sold on their idea. They want you to bring your fiat in now without thinking "because you will always make your money", "5000% returns will keep repeating themselves". Bitcoin has competition, the future is uncertain and there is a LOT of interest in having new money come in so holders can cash some out. Hodl all you want and I will do the same but be careful buying more at whatever price. That's how bag holders are made.

[keithers]

As long as this is not all the money you have to your name, i would suggest investing maybe 20-25k and keep the rest in the bank as reserves. If it were me, i would spread it about 65% btc and 35% ltc. Because LTC is much cheaper right now, there is much more potential for short term gains. If you are investing long, and believe that the value will be much higher in 1-3 years, then the price right now is irrelevant, as you are hoping to gain long.

[Ibian]

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!

The whales have you sold on their idea. They want you to bring your fiat in now without thinking "because you will always make your money", "5000% returns will keep repeating themselves". Bitcoin has competition, the future is uncertain and there is a LOT of interest in having new money come in so holders can cash some out. Hodl all you want and I will do the same but be careful buying more at whatever price. That's how bag holders are made.

The future is a lot more certain than it used to be, even a few months ago. Besides the positive government attitudes and places like overstock getting on board, the porn biz likes bitcoin now. That means we won. Bitcoin is here to stay and is going to be huge.

[gentlemand]

If you are thinking long term then the immediate price still counts for a lot. Obviously the more coins you can obtain for the same money, the more gearing you have when they gain in value. You need to decide for yourself whether prices will sag again.

It might be worth throwing a few hundred at some of the smaller altcoins after some careful research just in case one explodes.

I think this is a good time to be getting in. It's still tiny, the risk of extinction grows less and less and the infrastructure and adoption rate is slowly stirring into something big.

Risk? Sure, it's still a big risk. The odds improve all the time though and the upside is potentially mind boggling.

[loopgate88]

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!

The whales have you sold on their idea. They want you to bring your fiat in now without thinking "because you will always make your money", "5000% returns will keep repeating themselves". Bitcoin has competition, the future is uncertain and there is a LOT of interest in having new money come in so holders can cash some out. Hodl all you want and I will do the same but be careful buying more at whatever price. That's how bag holders are made.

The future is a lot more certain than it used to be, even a few months ago. Besides the positive government attitudes and places like overstock getting on board, the porn biz likes bitcoin now. That means we won. Bitcoin is here to stay and is going to be huge.

"going to be huge"? If we had won, we would already be huge. Bitcoin is excellent, the fanaticism is a detractor. Humbleness will help us more than combativeness.

[bitrider]

I echo in slightly different words what others have been saying....

Loop's comments are confused and not very helpful to anybody. I get his points, but you need to understand where its coming from. And more importantly, who you are.

For most of us these decisions are very important and demand some serious thought. And self appraisal. To make a wise decision about this you must first determine if you are a trader or a VC investor, and you must understand your time frame.

ie. If you are making long-term (couple of years) strategic investment in a high potential/high risk tech innovation (VC investor), then the big goal in this kind of investing/thinking is accumulating total number of bitcoins. In that case, taking advice on price movements and entries from day traders and swing traders is just crazy.  It is a different mind-set and will just confuse you.  For this kind of investor, just jumping in or some kind of graduated dollar-cost averaging is probably the best approach.

VC investors is looking for returns of 10X 100X 1000X 10000X. Entry price can of course impact total returns, but is lower priority than time entry prior to order of magnitude jumps up (for example like what we just saw in November, or back in April). Historically, bitcoin will tend to stabilize quite a bit (volatility drops to almost nothing for extended periods) before the next jump up. Can't be sure that is what will happen next time, but that is how I have made my greatest gains in coins over the last few years.

And if you think bitcoin is just an asset bubble that will leave people "holding the bag" within your time frame, then you should not be making these kinds of long-term bets anyhow.

On the other hand, if you are trying to double your money in say 6 months, and then retreat to fiat, then timing of entry is crucial, and looking for high percentage entry points and well thought out trading plans is the name of the game. If that is your plan, now is probably a high risk time to get in the game.  And I would not buy now IMHO.

[gentlemand]

That's very wise advice.

[loopgate88]

And I would not buy now IMHO.

OP, here is your answer yet again

[cp1]

Definitely not on the 18th -- it's pretty clear the 22nd will be the best time to buy.

[Dafar]

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!

Few years? If it doesn't even reach $3000 this year then BTC = fail

[gentlemand]

I've seen the 18th mentioned a few times. What of significance happens on this date?

[Dafar]

I've seen the 18th mentioned a few times. What of significance happens on this date?

Bitcoin goes to $10

[gentlemand]

Ah, right. Apart from that dead cert I'm still curious.

[pissing]

This is advice, it is not followed by the "I am not an financial adviser comment" its advice you should take and you can hold me accountable.

Diversify your assets and dont get caught up in the hype