Topic: Depressed that I was not an early adopter - page 4. (Read 13299 times)

It is pretty easy to find out. These coins have positive correlation as far as I know, meaning their prices change in unison, i.e. in one direction at the same time. So if the prices grow (for both BTC and LTC) and the ratio increases, that means the numerator (BTC) is more speculative (its price grows faster even in relative terms) than the denominator (LTC) and vice versa...

huh, don't you mean the inverse? LTC is more speculative. i am now confused.

If BTC continues rising then the ratio should increase too, thereby making investment in LTC less profitable versus BTC investment. There is a higher speculative element to the BTC price which renders it more volatile than LTC...

That may be true, but the ratio between LTC and BTC has increased greatly - and the perception I speak has been true even when BTC was trading near the $100 price and LTC at $3. It's all speculation…. but I think LTC will ride on the coattails of BTC.

Current gold to silver ratio is around 63, so LTC might actually look a bit overvalued at its price of 0.04 BTC right now (mildly speaking)...

My advice - get into Litecoin trading if you want a lot of upside. Personally, I don't think LTC offers anything significant over BTC, but there is a perception that LTC is to BTC what silver is to gold. With that, one can easily say that LTC has not moved up nearly enough to keep up with the BTC rise. And you can buy a lot of LTC right now.

My play…. move BTC from CampBX to BTC-e, trade the BTC for LTC and send it to my cold LTC wallet and let it sit. I don't trust BTC-e site enough to leave anything funds there. Just my opinion. CampBX seems to be the safest bet since it is in the US (and only 2 hours from where I live).

i sold my btc stash at 125$, something i regret doing so very much, I also had a large wallet of ltc which i sold.

I bought back into btc at 600euros, I purchased 1.5, not to be greedy like I was before when I sold all i had, I have decided its better to be back on the train with a little of btc than nothing, with this I now have 1.5btc that could be very valuable in the future if bitcoin continues to take off,

my advice is now, if you have some money to spare, get back on the train and be happy you are back on the train, how would you feel if btc did really reach 100k or even more in the future, that I would find that very hard to deal with knowing I should have at least got back on the train  with a little when its was sub 1000.

I did feel sick with depression watching btc go back up, but trust me when you get back on the train with even 1 btc, that feeling goes away and you can be more at ease knowing you still got a chance.

exactly, but youd need to act soon, litecoins have gone from $3 to $45 in the last few weeks, thats before it even gets supported by a major exchange, imagine where it will go when btcchina and mtgox add it.

Im not pumping litecoin, i own both BTC and LTC and want both to succeed.

Good luck 

Hope you can become an early adopter of litecoin, this opportunity has presented itself recently.
More coins are waiting on the sidelines to present more opportunities.

Maybe BTC will worth far more in a few years than it does now so you could still profit from it which would mean it's still not too late to invest.
At this moment investing in altcoins doesn't seem like a bad idea either

There is still time for altcoins. You can turn 100$ into 10 000$ which is more than enough.

Why? Early adopters had to do with the pain of dealing of buying cheap things at a higher prices: $25 pizza use to cost 10k BTC, now you can get a $25 pizza for 25 mBTC (if I get the conversions right). Now they're keeping the currency afloat so we can benefit at exchanging items at a lower cost. Bitcoin was never about being the richest.

There will only be 21 Million bitcoins.... rememeber that!

Well we don't know. That is an issue. If society collapses in 5-10 years.

But if such thing happen, how is people going to even survive? I dont think salaries are going up anytime soon, so how can a BigMac cost 100$  in the next 5 years without society collapsing?

well before you say "it won't be worth $1 million," you have to factor what the future value of $1 million is. if many people on this forum are right, we are set to see hyperinflation very soon, as in the next 5-10 years. a big mac might cost you $100, and an ounce of gold might run you $100k due to all this money printing we see.

if by $1 million in the present value of the dollar.. yeah, that's way too far from where we are to predict.

BTC -> dollar in the next 5-10 years will probably not be as good an indicator as BTC -> gold

Pair it against silver, gold etc?

Why did humans create alcohol and cigars? 

Seriously, anyone believes this? I have read in forums some guys mined bitcoin just for fun back in the day, and they are NEETs without any education, but they happened to mine a shit load and maybe buy some weed on Silk Road or what not. So you are saying that some high school dropouts that mined bitcoins for weed when you could get a ton per day, will be richer than Bill Gates in the future? Let's get some perspective on there. Im tempted to buy one at current price because im scared that supossed "correction" these crystal ball armchair economists are predicting never happens and it goes straight up to 2, 3.. 4K.. but saying this will be worth 1+ million dollar in the future puts a lot of random clueless people into the 1% powerful elite right there with the Bielderberg Grup. Think about it, will the powers that be allow for this to happen? Sure, you can say no one believed this would be 1000 back in the day, but to achieve 1MM, means no other software comes and surpases Bitcoin, nothing against it happens, no crashes (if it crashes, the credibility will be 0 because it isn't backed by the entire US economy and US military, as opposed to the dollar) and so on and so on.
I hope im wrong and people that manage to buy now 1 BTC will be very wealthy in the future, but im afraid we missed this boat a year ago. Oh, and what decides what purchasing power 1BTC has? If it needs other FIATs like USD and EUR as reference, then what would happen in an scenareo were other FIATs collapse? what stablished the purchasing power of 1BTC? I still need a reply on that one.

If i could only travel back in time....and when you do you mess up the future so bad it ends even worse for you.