Topic: $42,000 dollars to buy Bitcoin and Litecoin - Time to buy? - page 4. (Read 12486 times)

For speculative purposes, that makes sense. I was more wondering about the functionality of the coin itself.

Because it is currently selling for around $25 per coin and is in a position to expand rapidly this year. A jump from $25 to $50 would be the same as BTC going to $2,000.

Look at Coinbase; they just signed Overstock.com and are currently viewed as the largest American exchange service. They will likely continue this growth as more large mainstream companies get into BTC. These companies will align themselves with only the most reputable exchange service.

The inventor of Litecoin is working at Coinbase and it's a safe bet to assume that Litecoin will find a place on Coinbase sometime in the future. Litecoin isn't going anywhere people. You can mine it reasonably with your GPU. The grassroots of Bitcoin is supporting Litecoin and it's expanding rapidly.

Think about the impact of being able to spend Litecoin at Overstock, Netflix, Amazon and any other mainstream company that realizes the immense business opportunity with accepting Bitcoin and aligns themselves with Coinbase or another exchange service who later adds Litecoin support.

If you own a company who accepts Bitcoin to instantly sell for USD then you would accept Litecoin without thinking twice about it. Especially when your "merchant service" allows it with a lower rate than conventional payment processing. I can't see it going any other way. Litecoin is about to hit the sky.

If anything I consider Litecoin a more attractive opportunity than Bitcoin right now because of the price point. Going from $25 to $50 each will double your buying power and I can easily see $300 to $500 or more before the end of this year.

To put it in perspective: if LTC were to go on direct exchange for USD and the market volume brought the price to $400 that would be the equivalent of BTC going to $16,000.

My personal opinion: wait maybe one month or so, but do not wait too long and I personally would invest 80:20  BTC:LTC, because Bitcoin is likely to grow more than LTC in my eyes

It offers no advantages. So, why?

It will remain thus for as long as enough people keep believing it   I'm not convinced a pretty metaphor is enough in the longer term.

50:50 is a good idea. If you have bitcoin, you must have litecoin too. Its the silver of the cryptoworld!

It depends what you mean by 'invest'.  By the way you are writing it looks to me like you will be looking at your crypto holding in terms of a USD investment from which you would like a USD return further down the line.

If this is the case I personally would prefer you didn't invest more than you wouldn't mind much losing all (or almost all) of - e.g. 5% of your overall investment portfolio.  My reason for requesting this is not primarily for your benefit but for Bitcoin's stability's sake.  Because people who are buying hoping to sell for more (especially those overinvested) are those liable to get angry at Bitcoin for going down when they wanted it to go up and panic sell thereby exacerbating price drops.

I would rather you spent time (either beforehand or after 'investing' a small amount) getting to understand better the potential of Bitcoin (you could do a lot worse than to listen to this a good few times - http://www.youtube.com/watch?v=bTPQKyAq-DM) and then only if you want to buy into the project and think of your holding as your stake in the future of crypto, something that one day you may have as your savings account when you are paid in Bitcoins and spend most of your daily expenditure in Bitcoins, to put in as much as you want to - but not to be looked at as a USD investment.

If it does so happen that the value re-commences its exponential rise and you see huge gains you may want to look at Risto's plan for taking some out but this is a very different approach to what you appear to be talking about and what most of the replies are referring to.

The fact of your having asked this question, and the way you ask it tells me you ought steer well away from day trading, and even further away from the advice of forum speculators!  The simple answer is nobody knows!  Whether you're going for a long-term low proportion of overall portfolio investment or a 'till singularity or death of Bitcoin' purchase the difference between buying at the lower end of current fluctuations and the higher as a proportion of its potential growth (or potential drop to near zero) is very little.  If you fancy hanging out for a little while with your money on an exchange to try and time your buy-in to get more why not?  But if you think in either context it makes very little difference you're more likely to think of it as a 'try and squeeze a little more out of my entry point' game and not lose any sleep over it whether you do it successfully or end up missing a price you won't see again in the foreseeable.

If you imagine after buying that the price drops by a third or something that this would have you upset or regretting your purchase then I would suggest you are investing too much.  If you're looking long term then it matters much less.

I am 100% Bitcoins because I believe the risk involved in alts are immensely higher due to what I see as the almost insurmountable network-effect lead Bitcoins has.  And if you're looking at long term I suspect the alt coin scenario will change rapidly with most of those around today long history.  I would not put more than 10 - 20% into alts and if I were to I might put 60% of that in Litecoin as a hedge (because something could break with Bitcoin) and 40% in another.

All the best with it all

This is probably the best advice on this entire thread.  If and when you do invest, take the time to invest either through multiple exchanges or hold your coins in multiple wallets offline.  If online, I would hold some at BTC, Stamp, and -maybe- Gox.  In the US Coinbase also.  Then download MultiBit to have a wallet offline.  Be diversified not just in the coins, but also how they are held.

I've seen too many exchanges run off with peoples bitcoin to put anywhere near 50% in them. 10% is more appropriate. You can make plenty of money trading with $4200.

Why the stock market ? i dunno why ppl keep quoting "invest in stock market" like it's a sure guaranteed secure return on investment. NO IT ISN'T!! I've seen more people lose money in the stock market than i saw ppl lose money on Bitcoin or even Gold.

I would buy now for 50% of the money, and keep the rest availlable on exchanges in case of a crash.  I always have buy and sell orders ready to make a bit more, using the 10 - 20 % weekly swing.  Dont put all in the same exchane.. spread the money on at least 3 differents exchange.. just in case.

Never forget, this investment can do 30 fold or loose 98% value overnight.

And never have regrets about your investment move.. otherwise, dont invest.

Happy trading

well at least im not calling fool everyone who is not selling :p

as i wrote above, i am aware i can be wrong. but even if there are two market participants with completely different opinion, they still can both come out with profits

It's very straightforward to label the stock market terribly risky if you paid $10 for your Bitcoins. If you're buying some now then that's a very different matter.

I'm not going to say if now is a good or bad time to invest in the stock market now, but this statement is fairly ridiculous.  I totally believe in Bitcoin and have ~10% of my assets in them.  But Bitcoins could be zero-$10 in 3 years, they could be $5,000+.  The stock market will not be zero.  It's a lot safer investment, no two ways about it.  If it is zero, we don't have to worry about our Bitcoins because we'll have a lot of other presses concerns in the world.

I agree. Diversify and never put all in 1kind of investment .. Stocks, bitcoin andere others that you think that are great speculations. But in my personal opinion :don't invest at all if you need advice fROM people on a forum ... Knowledge is the first step,then action ..

Amigo, acho que o melhor a se fazer é ir comprando aos poucos. Se você tem 100 mil para comprar em moedas, vá comprando 20% em um mês, 20% no outro, até investir o tanto que você quer. Assim, você evita que uma correção la na frente faça com que você esteja 'mal comprado', mas da mesma forma, caso o valor das moedas dispare, você terá que pagar mais para comprar a mesma quantidade no próximo mês.

É uma forma de fazer preço médio.. acho que neste caso, vale a pena devido a volatilidade e algumas incertezas em relação a moeda (como o risco de alguma pool ter mais de 51% e eventualmente realizar um ataque).

No. Wise would be to research all available options and then bet on the best one. Maybe two. Diversification is a result of uncertainty.

Cmoon... Guys be real..

Seriously, these advices sounds like something that kids in high school would told. Of course it would be very wise to use some kind of portfolio and put some money on Stocks, funds etc.

I know a guy who sold all his bitcoins at $250 when the price was skyrocketing... and he called others fools for not selling.  Now he is very depressed.  No one can predict what bitcoin will do.  You need to look at things in the long term.  Right now is an excellent buy.

What is the basis of your prediction?