Bitcoin Forum
October 19, 2017, 04:16:45 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Poll
Question: Sell or HODL?
Sell LTC buy BTC - 4 (40%)
HODL LTC - 6 (60%)
Just sell... - 0 (0%)
Total Voters: 10

Pages: [1]
  Print  
Author Topic: Should I Sell LTC for BTC?  (Read 473 times)
ILikeMagicBeans
Full Member
***
Offline Offline

Activity: 120


View Profile WWW
February 08, 2014, 05:01:36 PM
 #1

Hey all

This has been bothering me for a while and my doubts are getting stronger. I have 36 LTC which is worth nearly 1 BTC at current prices, in the longer term investment would it be best to sell them and buy the equivalent BTC? I did think that LTC would always be a strong 2nd to BTC and slowly  increase on that 2% margin but as time goes on im not so sure.

What do you think?

BTW I made the post here rather than the LTCtalk forum to avoid any "to the moon" type opinions Smiley

1508386605
Hero Member
*
Offline Offline

Posts: 1508386605

View Profile Personal Message (Offline)

Ignore
1508386605
Reply with quote  #2

1508386605
Report to moderator
1508386605
Hero Member
*
Offline Offline

Posts: 1508386605

View Profile Personal Message (Offline)

Ignore
1508386605
Reply with quote  #2

1508386605
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508386605
Hero Member
*
Offline Offline

Posts: 1508386605

View Profile Personal Message (Offline)

Ignore
1508386605
Reply with quote  #2

1508386605
Report to moderator
Meuh6879
Legendary
*
Offline Offline

Activity: 1400



View Profile
February 08, 2014, 05:09:20 PM
 #2

Can you have a QR code payment with LTC ?
if no ... buy BTC !

Payment is useless if you can't transmit easly ...
romerun
Legendary
*
Offline Offline

Activity: 1078


Bitcoin is new, makes sense to hodl.


View Profile
February 08, 2014, 05:18:09 PM
 #3

scrypt asic coming out, there's no clear point of LTC
roslinpl
Legendary
*
Offline Offline

Activity: 1400


Cryptodesigner / cryptodeveloper


View Profile
February 08, 2014, 05:21:10 PM
 #4

you should not ask nobody what to do with your money.

You should think about it for yourself on your own.

Nobody here is a oracle.

So maybe you should just figure it out on your own.

[
]
  




██
██
██
██
██
██
██
  
░███████████████████████████████████░
███████░░░░░░░██████████░░░████░░░███
███████░█████░█████████░███░██░███░██
███████░█████░█████████░███░██░███░██
██░░░░░░█████░░░░░░█████░░░████░░░███
██░███████████████░██████████████████
██░███████████████░██████████████████
██░███████████████░██████████████████
██░░░░░░█████░░░░░░██████████████████
███████░█████░███████████████████████
███████░█████░███████████████████████
███████░░░░░░░███████████████████████
░███████████████████████████████████░


████░████░███░░████░████░░███████░░░░░░░████████░░███████
██████████████░████░████░█████████░░░░░█████████░█████████
████░████░████░████░████░████░████░░░░░████░████░████░░███
████░████░████░████░████░█████████░███░████░████░██████░
████░████░████░████░████░█████████░███░████░████░░████████
████░████░████░████░████░████░░░░░░░░░░████░████░░░░░░████
████░████░████░████░████░████░████░░░░░████░████░████░████
████░████░████░█████████░█████████░███░█████████░█████████
████░████░████░░███████░░░███████░░███░░████████░░███████
░░░░░░░░░░████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░████
░░░░░░░░░░██████████████░░░░░░░░░░░░░░░█████████
░░░░░░░░░░░█████████████░░░░░░░░░░░░░░░████████
  




██
██
██
██
██
██
██
guybrushthreepwood
Hero Member
*****
Offline Offline

Activity: 742


View Profile
February 08, 2014, 05:30:27 PM
 #5

Why not keep the LTC and buy a Bitcoin? LTC may be good to keep hold of, it's still essentially the second best. How much did you pay for them?

ILikeMagicBeans
Full Member
***
Offline Offline

Activity: 120


View Profile WWW
February 08, 2014, 05:43:58 PM
 #6

Why not keep the LTC and buy a Bitcoin? LTC may be good to keep hold of, it's still essentially the second best. How much did you pay for them?

I got in at about $8, I guess im just worried in case they go to shit and I could have cashed out for a profit and moved to BTC... already gutted I didnt sell 'em at $50 Smiley

(I do have just over a BTC already too)

Frost000
Full Member
***
Offline Offline

Activity: 154



View Profile
February 08, 2014, 05:50:52 PM
 #7

If you're even considering it, just do the switch.

If BTC "fails", LTC won't be too far behind anyways... But the opposite isn't necessarily true as well.
ILikeMagicBeans
Full Member
***
Offline Offline

Activity: 120


View Profile WWW
February 08, 2014, 05:52:32 PM
 #8


If BTC "fails", LTC won't be too far behind anyways... But the opposite isn't necessarily true as well.

Very good point!

keithers
Legendary
*
Offline Offline

Activity: 1344


This is the land of wolves now & you're not a wolf


View Profile
February 08, 2014, 05:57:17 PM
 #9

Keep the LTC, at least until the LTC/BTC ratio is high enough to net you a profit. Although the two seem to mirror each other with rises and declines, there are some windows that allow you to get more BTC than you started off with. I have done this several times.
the_poet
Legendary
*
Offline Offline

Activity: 1008


Bitcoin accepted here


View Profile
February 08, 2014, 05:58:06 PM
 #10

Easy one here:

- If you need the money, sell your LTCs and grab the fiat.

- If you don't, keep them.

We're not talking about any huge amount of money, so if you lose it (provided you can afford to, which is rule #1), it won't be much of a disaster. If your investment turns out to be profitable, you'll be glad you didn't sell them.

A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!