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ILikeMagicBeans (OP)
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February 08, 2014, 05:01:36 PM |
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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  |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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February 08, 2014, 05:09:20 PM |
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Can you have a QR code payment with LTC ?
if no ... buy BTC !
Payment is useless if you can't transmit easly ...
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romerun
Legendary
Offline
Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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February 08, 2014, 05:18:09 PM |
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scrypt asic coming out, there's no clear point of LTC
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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February 08, 2014, 05:21:10 PM |
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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
Legendary
Offline
Activity: 1232
Merit: 1195
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February 08, 2014, 05:30:27 PM |
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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?
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ILikeMagicBeans (OP)
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February 08, 2014, 05:43:58 PM |
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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) |
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Frost000
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February 08, 2014, 05:50:52 PM |
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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.
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ILikeMagicBeans (OP)
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February 08, 2014, 05:52:32 PM |
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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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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 08, 2014, 05:57:17 PM |
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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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the_poet
Legendary
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Activity: 1137
Merit: 1035
Bitcoin accepted here
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February 08, 2014, 05:58:06 PM |
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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.
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Under construction.
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