Hi, all. I have 20 Litecoin and some Ethereum … around 5.7 Ethereum. Bitcoin price seems to be rising, and fast. My question is should I sell my Ethereum and Litecoin now and buy Bitcoin? I checked the price of Bitcoin today. It went down quite a bit. Do you think there is going to be a healthy correction before the price rises again? I feel like I should wait for a couple more days and view the trend. The problem with that is Litecoin seems to be gradually falling. The same is happening with Ethereum. What do you all think?
Litecoin is a very strange coin. Any time it seems to crash, it magically rise again, even to quite high price. Its technology is nothing special, but it has some relevant advantages: it was the first real alternative to Bitcoin, a large user base and a serious main developer. So I suggest you to hold.
Ethereum (assuming you own ETH and not ETC) is a different thing. I think it is better not to sell, but to invest your ETH in good ICOs, in order to get higher returns.