Topic: bad idea :( (Read 3083 times)

Also, keep in mind that the majority of the people here will be biased, myself included. (I'm a mod on the litecoin forum and co run a litecoin security...)

But if you ask me I would be probably pretty sure that the investment will be worth it. But by how much I don't know.

I'm holding 80% LTC 20% BTC.

ASICMiner's company should be going live with ASICs on the bitcoin network by the first or second week of January, representing some 20-30 TH/s increase in the network.  However, we should be aware that large scale operations like ASICminer need to dump the BTC they mine into the market to realize USD/EUR profit, in which case I think we'll see crazy BTC volatility in the near future.  As opposed to this, anyone wanting to mine with video cards will have no choice but to move to the litecoin network and the hash rate will skyrocket.

The future is bright for litecoin if you're willing to be patient.

Think about it this way: the BTC network before block halving was about 35 TH/s, of which probably 95% was video cards.  Let's say a little less than half of those GPU miners come to the litecoin network, adding a conservative 15 GH/s.  That would bring the network difficulty up to nearly 500, an order of magnitude or more.

I got to compliment you on that portfolio ratio!! I too diversify between metals and bitcoin but regretfully
i missed the ltc-train. I still think it might be a good idea to buy some litecoins before the ASICS hit
in mid february. I´m gonna buy myself some anyhows... 

LTC (like all currecies) hold a perceived value.  For the last 6 months or so, that has been about 7cents+ USD with it's respective ups and downs.  I have sold and purchased at different times for that amount in BTC.  It has been a great way of trading and investing in BTC.  I don't see LTC folding, but I do see it having days were it might drop low.  I wouldn't worry.  I believe Litecoin's health, and use, moves with the health of bitcoin.

I was an early adopter and dumped my first litecoin hoard in May 2012 and have regreted it since.  I've been holding on to my LTC hoard now, and won't be selling for some time. I wouldn't sell my BTC hoard either.  I believe they are both great investments, although Litecoin might be riskier.  HOWEVER, buying 10,000 litecoins could yield a lot more profit for you if the litecoin market jumps.  Dropped out of the mining game this week, and will only be buying Bitcoin in the future.  I'll still be cashing in at least 30% of that for Litecoin as long as the market/network retains interest & health. 

My investments go like this: 50% Bitcoin, 30%Litecoin, 20% Silver/Copper/Other metals & investments.  I also have a handfull of PPC, but I'm not willing to invest much more than my few bitcoin worth.  I feel like it is TOO risky.  There is high risk in all p2p currencies.  One law passed, MtGox gets hacked, etc...etc... and the price could crash without ever really going up again.  Really, the safest investment you can make right now is pizza & beer.  You should see my nestegg of that spilling over my belt

Maybe. Theres a litecoin stock exchange now.

But it depends on if you think it will get more services, which it needs /badly/.

I'd invest in PPCoin, but not litecoin.

No one can tell you what the price will be in a while.

What we do know is that GPU mining for BTC is expected to die off around January and February (ASIC adoption), and if you have a GPU left you want to mine with, you'll probably be mining litecoin.

Hence litecoin difficulty is expected to skyrocket.  Combined with the difficulty in producing litecoin mining ASICs or FPGAs because of the algorithm used in hashing, it is predicted litecoin will remain the GPU mined currency for some time.

The current stagnation in price is probably related to the absence of ASIC delivery.

People have been saying different things about LTC for over a year now, but the general trend is that LTC is keeping its value.

+1

Better or other answers?  

Read below \/ 

I think you'll get better answer on LitecoinTalk

Its a good idea go for it i say

Buy now cry later

Not trying to knock Litecoin but I agree with the above statement.  Now if you have an online venture that took both BTC and Lite that might be of value both to you and Litecoin. 

I would say the real value to Litecoin is to mine more of them with current gear then you could with bitcoin and then to trade for bitcoin but that is just an idea.

New vendors will choose Bitcoin because of the network effect, so I believe it's a bad idea to invest in Litecoin.

I can't afford 100 000 ltc of course...