New Idea to invest my $41,000 dollars - Litecoins to convert in Bitcoins

[jubalix]

Doge's primary advantage is you can buy 100 quite cheaply, and tip some on 10 does not cost much, and this will last for some time, thus encouraging uptake, because the masses undertand 1 coin / 100 coin, and 1000 makes them feel they have something. This could see doge go to 1c and $1 a coin.

However the true leader here is PeerCoin.

LTC/DOGE/BTC/NXT/Mastercoin/almost every other coin are all focused on retail or being the pocket knife solution for everything, where only a small portion of the wealth is. The Big value is in appreciating assets, backbone currency transactions, store of wealth, houses, currency swaps, forex. Only PeerCoin has this explicit goal and is achieving it. Banks and people want a clean, unadulterated solution when they store their wealth.

Watch PeerCoin as it goes to N#1 or 2#.

with your 41K I would diversify, BTC, LTC, DOGE, PeerCoin, NXT.

Buy and equal percentage of the entire market in each then buy whatever you want in any. that way you will always hold equal power in each market and gain as it achieves is position in the same proportion

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[Lethn]

Don't invest in scamcoins, you'll get burned.

It's not a scam coin but the money supply is worryingly high for me, it's going to be until the year 2050 before we see any real price movement, that's the problem I have with coins like this, you have to have a lot of people trading it for it to move as well and you can see I'm right by looking at the current price of Doge coin and compare it to the others with a much smaller money supply

This kind of thing though is proof of why hyper-inflationary currencies like the dollar just don't work, the only difference between Dogecoin and the dollar is that while the supply is fixed it is being measured against Bitcoin, the dollar has had a century of it's true value being hidden since there was a monopoly over money for so long.

[vipgelsi]

Guys, I have $ 41.000 to invest in bitcoins and litecoins, I think it would be better to spend this money on litecoins... hold and wait (I have faith in bitcoins litecoins, this is what motivates me) to convert litecoins in bitcoins, when again LTC/BTC at 0.05 ratio, as has been months ago.

Is it a good idea?

opinions are welcome!

Thanks

Sounds like a plan to me you just have to be patient and be on top of the market.

[IIOII]

Although it's well possible, there is no guarantee that Litecoin will rise to its previous exchange rate. It could also loose even more value against Bitcoin. So what you are trying to do here is essentially speculation with an uncertain outcome. Is this strategy good? - It depends how much risk you are willing to take and if you are able to bear emotional discomfort when exchange rate is developing unfavorably.

Here is my trivial zero risk alternative which will cause much less emotional distress:

Buy Litecoin if you like Litecoin. Buy Bitcoin if you like Bitcoin. Buy both if you like both.
Hold and/or buy items you like for virtual currency.

[bitcoinforhelp]

go straight to bitcoin, dont bother with other subcoins

[bitpop]

So what happened?

[Bit_Happy]

Maybe half and half.
I would not suggest 100% LTC, since LTC/BTC has been much lower much of last year.

[karol]

I belive the best idea is to invest in bitcoin seciurities like PETAMINE for ex.
https://www.havelockinvestments.com/fund.php?symbol=PETA

thread

https://bitcointalk.org/index.php?topic=310783.0

[BitOnyx]

I'm not so sure about bitcoin securities since i haven;t read about it yet.

Dogecoin were always interesting coin to invest. Spreading money on bitcoin/litecoin/dogecoin sounds most interesting. 

[ShakyhandsBTCer]

If you are interested in investing n crypto currencies then you should invest in bitcoin and bitcoin alone.

Pretty much any other investment in alt-coins is nothing more then speculation and really should not be done for any period other then the short term. Also alt-coins networks are much less secure then the network of Bitcoin.

[bitpop]

Hodl

Don't fall for investments or sLitecoin like Litecoin

[Skele]

I'm sure i'm too late helping you with your investment and if you bought LiteCoins, my condolences 

I would stay with Bitcoins as long as i can, so many great news are coming up to date...

[JessyMatt]

WOW, I'm liking this idea

[okthen]

Bitcoin seems safer. I would have maximum 30% ltc.
In any case, I do think litecoin will survive at least one more bitcoin bubble.
Good time to buy any of them

[leezay]

Bitcoin has usage.

I don't think you can use litecoin anywhere.

[bitpop]

Litecoin is a joke

[bkora]

i hope you haven't  invested in litecoin at the time of creating this thread

[AdamSmith]

The cost of hash rate for scrypt coin will continue to go down till year end.

As the supplier cost go down, if there is no demand on the coin, price of all scrypt coin will continue their downtrend.

[gr8n8]

i would suggest LTC is a bigger risk - it's been on a downtrend as alot of new alts eat away at its market cap
but if you are right you your bigger risk would mean bigger returns
personally i sold all my LTC & i'd recommend BTC to you or even as much as people will disagree look at some other alts if you just want to flip for profit - its likely certain altcoins will increase by the amount you are looking for as an example my recent choice is Cinni Coin- it's got Encrypted Messaging,Invoicing and a chat box in the wallet and plenty of room for growth in the price

[NapoleonBonaparte]

i would suggest LTC is a bigger risk - it's been on a downtrend as alot of new alts eat away at its market cap
but if you are right you your bigger risk would mean bigger returns
personally i sold all my LTC & i'd recommend BTC to you or even as much as people will disagree look at some other alts if you just want to flip for profit - its likely certain altcoins will increase by the amount you are looking for as an example my recent choice is Cinni Coin- it's got Encrypted Messaging,Invoicing and a chat box in the wallet and plenty of room for growth in the price

LTC has been going downtrend since it hit new high in December. With no new innovation and no usage, hard to see the coin have any value.