|
ILikeMagicBeans (OP)
|
 |
February 08, 2014, 05:01:36 PM |
|
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  |
|
|
|
|
|
|
|
|
|
|
According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
Meuh6879
Legendary
 Offline
Activity: 1512
Merit: 1011
|
|
February 08, 2014, 05:09:20 PM |
|
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
Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
|
|
February 08, 2014, 05:18:09 PM |
|
scrypt asic coming out, there's no clear point of LTC
|
|
|
|
|
roslinpl
Legendary
Offline
Activity: 2212
Merit: 1199
|
|
February 08, 2014, 05:21:10 PM |
|
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
Legendary
Offline
Activity: 1232
Merit: 1195
|
|
February 08, 2014, 05:30:27 PM |
|
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 (OP)
|
|
February 08, 2014, 05:43:58 PM |
|
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
|
|
February 08, 2014, 05:50:52 PM |
|
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 (OP)
|
|
February 08, 2014, 05:52:32 PM |
|
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
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
|
|
February 08, 2014, 05:57:17 PM |
|
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
Activity: 1137
Merit: 1035
Bitcoin accepted here
|
|
February 08, 2014, 05:58:06 PM |
|
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.
|
Under construction.
|
|
|
|
Poll
