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Question: Sell or HODL?
Sell LTC buy BTC - 4 (40%)
HODL LTC - 6 (60%)
Just sell... - 0 (0%)
Total Voters: 10

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Author Topic: Should I Sell LTC for BTC?  (Read 486 times)
ILikeMagicBeans
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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

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Meuh6879
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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
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February 08, 2014, 05:18:09 PM
 #3

scrypt asic coming out, there's no clear point of LTC
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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.

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guybrushthreepwood
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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
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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
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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
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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!

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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.
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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.
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