How long should I hold it?
Is there a risk that I might lose it all?
I am a noob in cryptocurrencies. Help.
I was thinking Litecoin, is it a good idea?
If you have 12,000.00 USD as your capital for an investment for holding I will strongly suggest that you need to spread your investment to minimize loss. I will invest 4,000.00 each on Ethereum, Ripple, and Dash and hold them for 2 years. This is the safest way of doing a hold.
Holding for long time is not always profitable because the market for long time can decrease very deep.
However, its your choice. But i suggest you to look for the deep price before buying since it can gives us bigger chance to win.