Topic: I have 22 BTC, should I spend it on LTC or FTC? (Read 1247 times)
Why not both
In light of recent developments with feathercoin (FTC) it seems like they have made strides in security which in my opinion, would have better protection at getting 51'd now than before; protection which may or may not have been done for LTC yet.
When buying one or the other, I'm always concerned about which one has greater potential. I'm a pretty risky fella, but I wanted to take your ideas into consideration just to see where the community is at.
So the big question is:
I have 22 BTC: Do I buy Litecoins or Feathercoins with it?
Please discuss.
When buying one or the other, I'm always concerned about which one has greater potential. I'm a pretty risky fella, but I wanted to take your ideas into consideration just to see where the community is at.
So the big question is:
I have 22 BTC: Do I buy Litecoins or Feathercoins with it?
Please discuss.
If you like the risk, go with FTC. It has the greatest potential in regards to pure profit.
If you want to go with a moderate risk, go with mostly FTC and some LTC.
Least risk would be all LTC.
Invest it in CoinLenders.
If its not BTC, it is TRC and THEN LTC
I would like to stay with bitcoin as I trade with it, but currently I mine Litecoins and the reason why this question came up is because of all the economic advantages I heard about FTC. So as a short term investment, I find that LTC and FTC are both quite attractive you know?
For example, if LTC goes up to $10 each, I would have experienced a profit gain of 500%, and if FTC goes up to say... $1 the gain would be significant. I am just wanting to know out of the two currencies, which would sound better and if possible, why.
For example, if LTC goes up to $10 each, I would have experienced a profit gain of 500%, and if FTC goes up to say... $1 the gain would be significant. I am just wanting to know out of the two currencies, which would sound better and if possible, why.
first of all let me say this. scrypt coins are a suckers bet in the long term. no digital process can be designed that cannot be completed faster/better/cheaper on customer hardware. Once prices rise on to an attractive point - someone's going to get around to making an asic or fpga and the entire alt-coin goes tits up.
That being said: If you're mining ltc - you shouldn't be buying more of it. Either hold it as an 'investment' (which is moronic imo) or sell it for btc as fast as you mine it. It's going nowhere long term and well fail completely if it ever becomes worth anything or ( once bitcoin is mostly asic based) the bitcoin devs get around to shortening the block generation time (and this has to happen to make bitcoin usable for POS applications in the real world).
Ok, finally I think I've decided, LTC seems like a good choice, and someone mentioned trading it for usd. What I may do then, is build a couple awesome LTC mining rigs with the money and recoup the investment in 6 to 10 months
Thanks!
Thanks!
ltc
Personally, I would spend it on BQC because right now its low priced on the market and its accepted in a couple of restaurants on the market.
Isn't LTC already high priced?
Isn't LTC already high priced?
The entire BQC network has this nasty habit of completely dying for months at a time though...
It wont stay down.
Hopefully it goes up to 10 cents each.
That's not exactly how it worked. And after the attack the best course of action was mining rather than buying because you would have had the whole chain to yourself. BQC was dead for months. If LTC an other coins didn't climb BQC might have stayed dead.
I'd stick with BTC, to be quite honest. Altcoins aren't going anywhere fast, though LTC looks better than FTC.
Personally, I would spend it on BQC because right now its low priced on the market and its accepted in a couple of restaurants on the market.
Isn't LTC already high priced?
Isn't LTC already high priced?
The entire BQC network has this nasty habit of completely dying for months at a time though...
It wont stay down.
Hopefully it goes up to 10 cents each.
Spend 10 BTC on LTC and another 10 on FTC.
With the remaining 2 get some dirt cheap WDC.
With the remaining 2 get some dirt cheap WDC.
BUY LTC!!!!
FTC is premined* shitcoin with unstable network performance. LTC is overpriced coin.
I would not invest 22 btc in any of these coins, although I could be wrong.. These coins are very unpredictable.
*FTC = 40% of current supply was mined in 1 day.
I would not invest 22 btc in any of these coins, although I could be wrong.. These coins are very unpredictable.
*FTC = 40% of current supply was mined in 1 day.
I'd say LTC, but it's all up to you, and the risks you're willing to take.
Personally, I would spend it on BQC because right now its low priced on the market and its accepted in a couple of restaurants on the market.
Isn't LTC already high priced?
Isn't LTC already high priced?
The entire BQC network has this nasty habit of completely dying for months at a time though...
Seeking more thoughts, please share some wisdom!
Cheers
Cheers
I recall LTC being as high as $5 each during the whole bitcoin craze, and then litecoin bounced between $3 and $4 for the longest time, until now, it's hovering at $2.15 USD
Edit: smartphone autocorrect, corrected.
Edit: smartphone autocorrect, corrected.
Personally, I would spend it on BQC because right now its low priced on the market and its accepted in a couple of restaurants on the market.
Isn't LTC already high priced?
Isn't LTC already high priced?
The only thing about FTC that concerns me is that it came out in April of 2013, so it doesn't have the tenure of LTC. However LTC is currently dropping as we speak. Another note about FTC, I heard that its good for day/short term trading. Any opinions on that thought?
Jump to: