Topic: $42,000 dollars to buy Bitcoin and Litecoin - Time to buy? - page 5. (Read 12486 times)

IMO, the stock market is FAR MORE RISKY than cryptocurrency.  Right now, especially, is a TERRIBLE time to invest in stocks. 

Bitcoin and litecoin will be a good investment whenever you buy.  If you are waiting for the "right time" to get in... you are guessing.  Right now the price of bitcoin is ~$900.  It might fall to $800... then again it might never fall below $900 again.  I personally believe that bitcoin will reach around $6,000 by the end of this year.

There's no room in this thread for reasonable advice!

That is a lot of money, you might want to invest only like 20% on Bitcoin and Litecoin and put the rest in stock market...

i was gonna say the same thing, i expect end jan to be a nervous time

i would wait and try to buy below 600 gox not sure about LTC. but i am in on both with leveraged short (not big)

i believe you can get in at much better price  (i can be wrong of course, in that case i would lose on my trade)

Could we please stop with the silly 'scarcity' argument? Just because the final coin-count is a lower number, does not make the coin any more scarce. This argument only applies to physical items with limited divisibility, but crypto-currencies can be divided arbitrarily (the 8 decimal limit in Bitcoin / altcoins is just a technicality that can be changed if needed).

BitBar is no more or less scarce than Bitcoin, which is no more or less scarce than DogeCoin with its billions of coins. Utility and market acceptance drive value, not the total amount of coins.

I would go 50% bitcoin, 50% bitbar

I would invest 50/50 in BTC and LTC This is my reasoning.

All it would take is for Coinbase to offer a direct LTC/USD exchange to cause a Litecoin boom in the USA. You would then see every business who accepts Bitcoin accepting Litecoin simply by association...

Think about it; If you operated a business who insta-sells all crypto for USD then as far as you're concerned Litecoin is no different from Bitcoin. Why would they choose not to accept it when the bottom line is still USD?

So the talk of Litecoin being silver to Bitcoin's gold will hold no water when the greater market with limited knowledge of either views them as equals. I think until businesses can buy product from distributors without first converting to USD there will be no distinguishing Litecoin from BTC in the eyes of a business and as such the greater market. Only after they are valued independently without that "common denominator" will they be viewed differently.

There are currently roughly 20 million Litecoins and 11 million Bitcoins in circulation. I expect that under the current situation the price of BTC will decrease by 1/2 and the value of 1 LTC will be about 1/4 of a BTC. Essentially the market would leverage as if there were 30 million Bitcoins floating around.

Of course the volume of trade is about to explode as growth and acceptance is on an exponential track even if the value decreases by 1/2 at any given time the boost in volume might cause the value of the currency to double, triple, ect... Also as the market share of BTC and LTC grows you open the doors to other investors who are dealing in much greater numbers. Think "offshore" accounts.

buy litecoin and hold for a few months. scrypt/litecoin asics arriving soon price of ltc will skyrocket 

Put half into peercoins..

nxt is a scam , OP buy bitcoin and Litecoin stay away from crap coins that are not even minable

I think so... Probably this month and February price could be around 700$

that's what everyone here hope!

January 18, 2013 was the day that Bitcoin hit $10 for the first time since the bubble in the Summer of 2011.

A lot of people looked at it as the day that Bitcoin started to head back up and was starting to go somewhere.

Bitcoin gonna drop this month (january)? Do I need to wait to buy when It drop?  Probably gonna drop to 500, 600 U$

That's when the OP's house sale goes through and they have access to the money? But it has been mentioned in unrelated threads too. I'm a bit stumped.

Why everyone talking about January 18? What gonna happen January 18? 

Wouldn't invest in any altcoin, unless you are in it for day trading.

Buy immediately on Jan 18, but only 25% on Bitcoin and 25% on Litecoin, the other 50% use it for cost averaging in case it drop..