Hold on to LTC, or exchange them to BTC?

nobbynobbynoob

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Annuit cœptis humanae libertas

Quote from: chriswen on March 31, 2013, 05:46:58 PM

It matters how long your timeframe is. Cause if you daytrade I think you can accumulate a lot more ltc. LTC is quite volatile plus BTC is quite volatile together, therefore there is lots of profit to be made from trading.

Personally, I don't daytrade as such, but I do keep an eye on the market, and use BTC-e to adjust my BTC/LTC positions at what I think are opportune moments. Volatility does indeed offer profitability, but also a modicum of extra risk.

d5000

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Quote from: Warry on March 31, 2013, 04:38:14 PM

Is there any chart that shows the rise and falls of the LTC Value over the past weeks? Perhaps even compared to the BTC value?

There are some altcoin charts at https://vircurex.com/ (LTC, DVC, PPC and others), although they represent only the value at the Vircurex exchange.

Edit: Ah, and there ist http://btc-e.com too, but the charts there are for a few days.

hiima

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I'd hold onto both.

cdog

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Hold everything, spend fiat, profit.

chriswen

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It matters how long your timeframe is. Cause if you daytrade I think you can accumulate a lot more ltc. LTC is quite volatile plus BTC is quite volatile together, therefore there is lots of profit to be made from trading.

Vuxil

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Diversifying your assets is definitely something I would consider as other posters have stated. Otherwise it's pure speculation, really up to what you think will succeed and what won't. There are too many unknown variables to have a guess that means much honestly

Wekkel

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yes

I would say, just hold on to both some BTC and LTC. The latter is more risky, but has a better return if things go right for LTC.

Warry

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Is there any chart that shows the rise and falls of the LTC Value over the past weeks? Perhaps even compared to the BTC value?

shinkicker

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If you're not sure, it might be better to hold some of both.

Both LTC and BTC are doing well against USD. LTC had a rally this weekend and went from 0.00582 BTC to 0.00908, so next week should be interesting (for both LTC hitting $1 USD and BTC $100).

webr3

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Quote from: Warry on March 31, 2013, 03:49:07 PM

So, my question is: which one, LTC or BTC, do you think will rise quicker in value?

I'd be more concerned about which one will FALL in value quicker.

Warry

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Currently I have quite some Litecoins in my possession, and I was wondering what to do: hold on to them hoping they will rise quicker in value than BTC, or exchange them to BTC and hold on to them.

So, my question is: which one, LTC or BTC, do you think will rise quicker in value? And more importantly, why?

Thanks Grin

Topic: Hold on to LTC, or exchange them to BTC? (Read 804 times)