Topic: New Idea to invest my $41,000 dollars - Litecoins to convert in Bitcoins - page 3. (Read 7942 times)

It's not a scam coin but the money supply is worryingly high for me, it's going to be until the year 2050 before we see any real price movement, that's the problem I have with coins like this, you have to have a lot of people trading it for it to move as well and you can see I'm right by looking at the current price of Doge coin and compare it to the others with a much smaller money supply

This kind of thing though is proof of why hyper-inflationary currencies like the dollar just don't work, the only difference between Dogecoin and the dollar is that while the supply is fixed it is being measured against Bitcoin, the dollar has had a century of it's true value being hidden since there was a monopoly over money for so long.

Doge's primary advantage is you can buy 100 quite cheaply, and tip some on 10 does not cost much, and this will last for some time, thus encouraging uptake, because the masses undertand 1 coin / 100 coin, and 1000 makes them feel they have something. This could see doge go to 1c and $1 a coin.

However the true leader here is PeerCoin.

LTC/DOGE/BTC/NXT/Mastercoin/almost every other coin are all focused on retail or being the pocket knife solution for everything, where only a small portion of the wealth is. The Big value is in appreciating assets, backbone currency transactions, store of wealth, houses, currency swaps, forex. Only PeerCoin has this explicit goal and is achieving it. Banks and people want a clean, unadulterated solution when they store their wealth.

Watch PeerCoin as it goes to N#1 or 2#.

with your 41K I would diversify, BTC, LTC, DOGE, PeerCoin, NXT.

Buy and equal percentage of the entire market in each then buy whatever you want in any. that way you will always hold equal power in each market and gain as it achieves is position in the same proportion

Don't invest in scamcoins, you'll get burned.

I'd say invest into Bitcoins. If you're not willing to divest into multiple alts through some sort of portfolio mechanism (for the amount of money you are considering, 1 alt isn't enough, and it's way too risky; heck not even two is really enough also; in either case, I would only recommend 25% at the most of your investment), then it may not be worth it to just go into only LTC. BTC is relatively stable and continues to have quite strong indications of a bright future (continued adoption, gaining mainstream traction, etc). Litecoin, while steadily gaining more and more traction, doesn't seem to have as strong of an indication.

Litecoin is very volatile. As for me, it is more secure to hold funds in Bitcoin. If you want to play with litecoins, you better invest a fraction of your funds to it. I'd recommend 10%.

I wouldn't invest that kind of cash in Litecoin. Litecoin moves more or less with Bitcoin. Litecoins value will go up when more exchange points come into existence, meaning, when more businesses accept it, games use it for in-app purchases etc. It has some of that potential, because bitcoin has more or less priced itself out of the microtransaction market.  But as long as the large majority of all Litecoin transactions are of purely technical or speculative nature, your only upside is a raise in market cap due to people investing in asic miners like crazy, which could make older Litecoins comparatively speaking more seldom and therefore more valuable as the asic investors hord the new coins hoping for ROI worthy exchange rates. But most of that would be fuelled by a desire of repeating bitcoin history and that is a weak foundation - very risky speculation. Imho, if bitcoin continues to get hammered by e.g. political pressure it could crash a few more times and litecoin will crash even harder. Just my 5 cents...

Take the money and build a business around litecoin (or bitcoin) which takes a percentage of transaction volume. You will add value to the currency of your choice, stabilise it and increase the chance of your fractional profit to increase in value due to fundamental growth.

If you want to wait the 0.05 ratio, even it do will happen again in the future,  you will find it's hardly to been caught, sometimes it come out when you are asleep, and the next second, the situation may reverse.

Those speculations don't worth you health

You know reddit.com/r/Bitcoin?

Mostest upvotes = high-quality smart comment       BTC

Second most = funny joke or meme like "to the moon!!!"      DOGE


Other serious/good posts too late to the party not get much upvotes.  Stay at bottom         LTC + others

Actually, I am guessing that if a merchant took BTC, it probably wouldn't be hard to add LTC functionality to it as well. That being said, I really don't know of many places that take LTC, not that I have looked. Sorry, gotmilk_ if I implied that LTC was not a worthy investment. I really don't know much about it, nor do I own any. Point.

You do misunderstand my intentions for posting. I certainly would not advise the OP to buy Dogecoin at today's price. I expect it to fall soon! But, heh, no guarantees! People seem to be excited about the Doge. Because, you know, cute!

As far as investments go, based on eventual number of coins go, one might expect a BTC:LTC:DOGE
 ratio of roughly 1:4:5000 eventual price. ASSUMING equal market caps. A big assumption! Then you have to figure in the probability of the coin's survival...


Well, no. I hope I didn't imply that he should do so. Especially at current prices. I sure wouldn't.


LOL! I actually don't want him to buy any right now, because I want the price to decline, so I can buy some more! Well, I'm not sure how much $41K would move the market. I guess not too much, but still...


Glad you brought that up. I've wondered about that stat for a while now. What does that even mean?

In terms of dollarized transaction volume, Dogecoin has become the number 2 crypto behind Bitcoin. Around $9M, while LTC is around $7M. It has gone up relative to BTC about 3X, iirc.

Personally I have never seen any reason to get into LTC. Is it even used anywhere? At least BTC CAN be used, although since most people only hoard it, that point is sort of moot. Dogecoin, otoh, is being used extensively, as a CURRENCY should be.

If, Dog forbid, Bitcoin should fail, due to 51% attacks, ASIC centralization, or disuse, and a Scrypt coin takes over, I fail to see why it would be LTC over the mighty Dogecoin. Which, btw, has been in existence for less than two months...

Sorry to get off topic, OP, but I believe in Bitcoin. And I believe in Dogecoin. But Litecoin, not so much.

Also, I know it is fashionable to say that timing is not important, as long as you think the trend is up, but Heck! Look at the charts! Best of luck to you.

I only invest in BTC and DOGE personally.  Litecoin is tethered to Bitcoin like a little puppy -  I see no upside to Litecoin at all.

I appreciate Dogecoin is more of a risk, but I have always thought one of the biggest unrealized markets for crypto to capture is the sub dollar market and even the sub cents market.  Dogecoin is uniquely positioned to take advantage of this in my opinion. 

I would invest in a portfolio of BTC Investments.
1. Bitcoin mining companies - buy GHS..money makes money.

2. Some start ps and other angel investments to help Bitcoin/Litecoin businesses flourish. I am an investor in one company they will go on Bankofthefuture in a few weeks so you could buy a few shares of that.

3. Invest in both BTC AND LTC..they will both have their place in the new digital Economy.

4. If you are a good trader put around 5-10% in upcoming alts and play with that money in trading.

5. Find a good nerd to help you build a rig as well.

Those numbers are easily manipulated with a small cap coin. Just dont get caught holding the bag.

Its pretty clear to me that Doge is the new Feathercoin, and if you want to see where Doge's future is, look at where FTC is now (everyone jumped ship after some quick profits).

Its cute. Thats cool. But nobody is going to invest big money. 100% of the hype is generated by miners who love it because.... "many coins!"  "much pump" etc

Divide the trade volume by the number of coins and look at it that way. If you want to make money with doge you better be a psychic... I can see BTC and LTC lasting in the long term. DOGE; not so much...

I would be the first to agree with you.. but I was kinda shocked to see that Doge has a higher 24h volume on coinmarketcap than Litecoin. It is #2 only to bitcoin. Which is insane for a "joke".

Firstus, let me said in my opinion, alt coins will not perform well bitcoin long term.  Bitcoin is first coin and winner coin.  Other coins popular for, what they say in Uzbekistan pump and dump.

But, being said that, the best alt coin if you MUST is DOGE.  Reasoningz:

V FAST, MUCH CONFIRMS

Bitcoin = 10 min  ->  Litcoin = 2.5 min   ->  Dogecoin = 1 min

SO COINS, V RICH

Bitcoin = 21,000,000 BTC  ->  Litcoin = 84,000,000 LTC   ->  Dogecoin = 100,000,000,000 DOGE

SUCH COMMUNITY

r/Bitcoin = 954 online now   ->   r/Litecoin = 130 online now   ->   r/Dogecoin = 823 online now

doge-dice.com (trusted dooglus), doge-road (such highz), doge-tip bot (so generous)

LITECOIN SO SATURATE, DOGECOIN TO MOON

http://i.imgur.com/XpeZZQq.jpg

5od0miz3r if you think a meme can reach litecoin, keep dreaming

dogecoin
very spam

It is true that Doge is rising, but problem is in unexperienced players.
I think that it is better to invest such money in BTC. It is very probably that with LTC they will be still growing but Bit (as my personal opinion) will be more promoted and pumped by organizations or simply more and more shops that will allow to pay in BTCitcoins around the world.

http://i.imgur.com/cjYWolw.jpg

DOGE subscribers now on r/Dogecoin = 670
Litecoin subscribers now on r/Litecoin = 68


Now:
DOGE market = $26 M
LITE market = $640 M

In future:
DOGE market = $2,600 M (10,000% return)
LITE market = $1,280 M  (100% return)


Bitcoin is first coin and winner coin.  DOGE is second best coin and to be #1 script coin.

VERY REVOLUTION

At this point you can do no wrong with BTC or LTC. They are tied at the hip and both primed for a BIG year