Invest in btc or ltc? | Bitcointalksearch.org

PenAndPaper

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Quote from: miners78 on December 11, 2013, 03:17:15 PM

Litecoin does tend to follow BTC pretty closely, mainly because BTC and LTC are on almost every site, whereas other less popular ones are on specific sites.

Due to them being in the same places, when people panic sell BTC, LTC will almost certainly follow suit.

Some people think that ltc has a bigger potential, speculation wise because it looks cheaper. Markets are all about psychology anyway Tongue

nahtnam

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Quote from: miners78 on December 11, 2013, 03:17:15 PM

Litecoin does tend to follow BTC pretty closely, mainly because BTC and LTC are on almost every site, whereas other less popular ones are on specific sites.

Due to them being in the same places, when people panic sell BTC, LTC will almost certainly follow suit.

Too add onto that, some people hold both in btc and ltc so they panic sell BOTH.

miners78

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Litecoin does tend to follow BTC pretty closely, mainly because BTC and LTC are on almost every site, whereas other less popular ones are on specific sites.

Due to them being in the same places, when people panic sell BTC, LTC will almost certainly follow suit.

chatnoir

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Quote from: epivitoras1 on December 11, 2013, 12:32:20 PM

invest in btc ! mine ltc if you have good hardware ! as long as the price of bitcoin rises the price of ltc will rise too !!!

Agreed. Minining litecoin is still pretty easy. a couple of decent cards and you can earn a few $$$. we mined LTC for about 3 months before and during summer. Got 33 coins which we sold for 1300ish a few days ago. we've now got that money in BTC and we're using it to trade

epivitoras1

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invest in btc ! mine ltc if you have good hardware ! as long as the price of bitcoin rises the price of ltc will rise too !!!

waspbr

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It depends on the how you want to invest it.

Bitcoin is the strongest and most popular currency, it may oscillate but prices are bound to come back to a stable spot. It is probably going to become more valuable as it becomes more popular. So if you want a safe place to park your coins, bit coin is probably what you are looking for.

Litecoin is less popular, so it is hard to find places where you can buy stuff or change back into cash. There is a lot of room for growth but the road is probably going to be bumpy. Litecoin is a higher risk long term investment.

Other alt coins can also be invested but you need to watch them closely, it is not a bad idea to stock on a few cheap currencies and see how they develop.

The higher the risk, the higher the rewards.

DrG

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Quote from: gripflierGO on December 10, 2013, 06:11:49 PM

Quote from: miners78 on December 10, 2013, 06:06:01 PM

LTC moves up and down much faster than BTC does. At least recently. A few months ago it was ~$2 and now its around $35, which is a much bigger increase than BTC which has about doubled in the same length of time.

This is bullshit. Everyone can check the price graph over time to prove your way off

Percentagewise LTC has grown more recently compared to BTC

gripflierGO

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Quote from: miners78 on December 10, 2013, 06:06:01 PM

LTC moves up and down much faster than BTC does. At least recently. A few months ago it was ~$2 and now its around $35, which is a much bigger increase than BTC which has about doubled in the same length of time.

This is bullshit. Everyone can check the price graph over time to prove your way off

miners78

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LTC moves up and down much faster than BTC does. At least recently. A few months ago it was ~$2 and now its around $35, which is a much bigger increase than BTC which has about doubled in the same length of time.

Dilapidated

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Quote from: maddhat0 on December 10, 2013, 01:32:06 AM

I invest in many of the different cryptos out there. Even though it's a bit of a risk for sacrificing the mining time - it's nice to mine many more coins of new currency vs. fractions of the larger ones. Though the chance of failure may be high - only one needs to really go through the roof to make it worth it.

Completely agree.

jones31

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Quote from: LatestBTC on December 10, 2013, 02:23:14 AM

Right now I would wait for the price to come down a bit.

The price is still sky high due to all the recent media attention but I think by February the price will have dropped to $300
If you really wanted to invest now I would buy some Litecoins. Rumours are MTGOX will be adding LTC in January....

Although it was rumoured LTC would be added 5 or so months ago too....

Are you sure?
You might end up waiting for another decade.
Also , sorry to say , by I find the bolded text quite hilarious at this moment.

DrG

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LTC gained some traction with the BTC fork earlier this year.

I would own both, the percentage split is up to your risk tolerance.

thatcoinman

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investing in litecoin is a good deal.

prices are a little high right now, but i guess the price will go up more when company's will accept litecoin aswel.

i think there was a company in china that plans on accepting litecoin in january/febuary.

kind regards

tunctioncloud

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Quote from: LatestBTC on December 10, 2013, 02:23:14 AM

Right now I would wait for the price to come down a bit.

The price is still sky high due to all the recent media attention but I think by February the price will have dropped to $300
If you really wanted to invest now I would buy some Litecoins. Rumours are MTGOX will be adding LTC in January....

Although it was rumoured LTC would be added 5 or so months ago too....

MtGox is pretty useless exchange when you have to wait so long on withdrawals. To be sure I would buy only cheaper LTC, definitively under $10, because this altcoin is risky speculation and already expensive given the main use is exchange to Bitcoin only

Light

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Circa 2010

Quote from: Dilapidated on December 10, 2013, 03:58:25 AM

I would say LTC but I'd also invest in as many other altcoins as possible.

Uh, I really wouldn't invest into altcoins as most of them are simply cheap ripoffs which actually have a tiny volume of which are just pump and dump schemes. If your looking for long term gains go with BTC as it should do better in the long term. LTC is ok but it really doesn't have much of a use in comparison to BTC so honestly I think it will just die off one day.

Dilapidated

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I would say LTC but I'd also invest in as many other altcoins as possible.

LatestBTC

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Right now I would wait for the price to come down a bit.

The price is still sky high due to all the recent media attention but I think by February the price will have dropped to $300
If you really wanted to invest now I would buy some Litecoins. Rumours are MTGOX will be adding LTC in January....

Although it was rumoured LTC would be added 5 or so months ago too....

bitmarket.io

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Quote from: wasserman99 on December 06, 2013, 08:00:09 PM

totally tied to one another, except litcoin will crash harder with a bitcoin crash.

ok ms cleo sure thing

@op invest in btc. btc will never drop to 0 don't be stupid. way too much gold has been traded for it for that to ever happen

maddhat0

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I invest in many of the different cryptos out there. Even though it's a bit of a risk for sacrificing the mining time - it's nice to mine many more coins of new currency vs. fractions of the larger ones. Though the chance of failure may be high - only one needs to really go through the roof to make it worth it.

nahtnam

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Quote from: henrybanks on December 10, 2013, 12:50:22 AM

i invest in both btc and ltc.

Hows that going for you? Do you have profit or loss?

Topic: Invest in btc or ltc? (Read 3531 times)