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Author Topic: What it better to hold btc or put into fiat when trading for alts?  (Read 760 times)
bigasic (OP)
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August 23, 2014, 06:59:18 PM
 #1

I am buying a few litecoins and was wondering if its better to just put into fiat what I want to spend on my alts (litecoin) because when btc drops, alts usually do as well, if I put the btc i have planned for alt purchase, it stays the same value. So, I think ill get the most bang for my buck when ltc/btc or ltc/usd drops. because when  both are dropping im losing purchasing power with my btc, so It may not matter too much when I buy or sell...

Thoughts?
wenben
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August 23, 2014, 07:06:51 PM
 #2

ltc/btc pair has been dropping since Jan this year.

It is not wise to "long" this position as the trend is still going down and the outlook for litecoin is still looking bad.
Lauda
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August 23, 2014, 08:52:22 PM
 #3

Well that's discussable actually. I'm all in for using fiat and keeping as much BTC as I can.
You should also possibly stay away from LTC now, it does not have a future in front of it.

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paduser
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August 23, 2014, 08:55:22 PM
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I think its best to stay in fiat or BTC. So you wont lose to much over time.
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