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discuss Bitcoin / Litecoin investing....

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DomainCairn

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At the time of this writing ONE Bitcoin costs about $2,300 and ONE Litecoin costs about $27.00

If you wanted to invest say, $1,000 in cryptocurrency. Would you rather have:

  • 0.44 of ONE Bitcoin.
or
  • 37 Litecoins.
For reference one Bitcoin cost about $500 this time last year. And one Litecoin cost about $5.00.
Which would be a better investment for a 5-10 year span in your opinion?
 
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I would go with bitcoin long-term, all alts revolve around it. Litecoin isn't and won't be the last coin to achieve litecoin's price gain. The entire crypto market seems in a boom right now. IMHO
 
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I would probably pick ETH, Waves, Lisk or maybe ETC instead.
 
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I would pick litecoin.

Chances of LTC going from 27 USD to 54 USD are much better compared to the chances of BTC going from 2300 to 4600.

I am not saying BTC won't go to 4600 but just saying that LTC will go to 54 USD much before BTC hits 4600.

I wasn't much interested in Bitcoins. But back in 2012 ending or so. One guy contacted me and gave me 18 bitcoins for a shit domain name I used to Own. The domain name was not worth much so I allowed him to have it and next year he himself also dropped it.

In anycase I thought that as a joke and didn't heard about Bitcoins still recently via the news.

I had to dig for my old PC and hard drives and I attached that hard drive to my PC and got those 18 bitcoins back. (Yeah it was quite a task as this was somewhat 2012 things and I forgot how to even operate the offline wallet) Nowadays I am doubling money on Dogecoins and Bytecoins as they are very volatile and moves quite a lot here and there. Therefore Buy Low - Sell High thing did worked for me 3 times in a row. (Lets see how far this free ride goes on)

Long story short. I think you should do LTC as of now and quickly double your money and then shift to BTC if you don't have time to do the trading and are just looking for something to invest into.

P.S. Advice given above should not be treated as an investment guide. LOL. :) You know what I mean ;)
 
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Think both hit there marks. lol
 
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At this point, I don't believe Bitcoins or Cryptocurrencies will sustain as a market, Why? Because the 1% is almost fully vested in the US Dollar, The Pound, The euro, The rupee, The Yen and ect. Bitcoin and Cryptocurrencies are not regulated to be earned and spent to make these Governments tax monies. No Government monies, No GO. In my opinion.

It would take a one world currency to make Bitcoin spendable at your local stores, buying cars, houses and ect, on a day to day basis.

Then think of this as well, Their are hackers that can hack into almost anything, How easy would it be for them to hack Bitcoin and cryptocurrency Wallets? Pretty damn easy IMO, Who do you call? The Bitcoin police?

Although their are online stores accepting Bitcoin as payment right now, I expect Governments will block, outlaw and seek to stop the trading of virtual currency. I may be wrong, Time will only tell.

Until then, I wont invest a dime in it, Although good in theory, I see things have escalated quite fast, Now there is a long list of cryptocurrencies, As of right now, cryptocurrency reminds me a lot of the old Ponzi schemes from back in the day.


Although a lot of society from many different countries use plastic= Debit-Credit Cards, Instead of cash. transactions are still governed by the banks of the countries and currencies are reported and controlled by countries treasures.

I don't think the Bitcoin - cryptocurrencies will have worth for purchasing food, cars, homes, They may keep their presence as a way to make purchases on the internet.

I know my domain reg excepts Bitcoin as payment, so if i had bitcoins, I would load up on domain names with em.

Just my 0.2 on the stuff, Remember, I am an older feller, so it takes me time to get used to the new stuff lol
 
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I have 1 Litecoin.. added recently..
 
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Hello!

I see, that in this topic the correct predictions were made for Bitcoins and LTC.
How you think, what predictions for any cryptocoins for December - January?
Maybe Bitcoin Cash or Dash will go up?
 
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