Should I Sell LTC for BTC?

[ILikeMagicBeans]

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

[Meuh6879]

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

Payment is useless if you can't transmit easly ...

[romerun]

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

[roslinpl]

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]

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]

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

(I do have just over a BTC already too)

[Frost000]

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]

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

Very good point!

[keithers]

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]

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.