I strongly recommend staying away from LTC TRC FTC and all other crypto
they are not a hedge for bitcoin, its just an even more spelcuative invesment, bitcoin need to succeed in order for these knockoffs to survive, a hedge for bitcoin would be SDICE HIM A VTX buy them at havelockinvesments.com
Topic: Hedging BTC with LTC/alts? - page 2. (Read 2137 times)
Good luck with that.
Agree, for the time being. Long run I think many alt coins will face their fate.
I was successful at day trading but recently aborted that in order to adopt litecoin. I though of it as a hedge, the reasoning was that i feel the BTC/LTC ratio will only get smaller, and therefore i reduce my risk by putting my money in litecoin. It worked to, my losses on bit coin were compensated by the rise in litecoin. currently I don't day trade litecoin cause I'm afraid ill be out when it goes into gox, but i might reconsider my position due to recent events. anyways IMO this is the safest and most logical course of action. Just wanted to know if anyone else here agrees
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