So, I have to admit, I made a huge mistake. I had the chance to bet on Ethereum when it was at $930 or Litecoin at $187. I chose to bet on Litecoin. Psychologically, it was easier for me to buy 2 Litecoins than 0.03 Ethereum. Had I gotten over it, I would be up a lot more on my portfolio. Now, my losses on Litecoin have pretty much offset my gains on Bitcoin.
I can't go back in time but I can ask the question....What do you think of Litecoin? Is it worth holding or should I cut my losses and convert the coins to another crypto?
Please check out my other articles on Crypto:
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I think Litecoin is here to stay. It has low transaction fees, making it a really attractive coin. I think if you hold Litecoin for a bit, you will make money on it.
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Awesome, thanks for your input!
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Just HODL. IMHO both ETH and LTC will do well. Don't expect to make huge gains in such a short term...taking "losses" and moving your investments from one coin to another just because you see movement on the other coin is a sure way to lose your investments little by little. You never lose until you sell. If you did your research and have a good coin with a solid team and gameplan, all you need to do is wait and let the market do its thing. Give it a few months to a year...good luck!
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Thank you so much for your input @jonjuelo! Yeah, that's what I was thinking too. I think I'll just see what happens.
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I agree, just because one coin is moving up faster now, doesn't mean LTC will continue to stay flat.
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Thanks @danvillani!
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I think litecoin is undervalued and has the potential to be an everyday transactional currency. I’m waiting to see what big news Charlie has for us.
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Thanks @cryptictruth for your input! So, you think I should hold it and see what happens?
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I’m holding. I will however, disclose my cost basis is pretty low so I have a nice buffer if we see a big correction.
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Thanks, I appreciate the tip
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No problem. I would also look at XLM.
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if you dont need the money den wait when bitcoin goes back to its previous highs you can get out that time .but honestly i wud just keep it and forget about it few years later it vill be worth much more
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Thanks @madhurrs for your input!
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I would adwise to turn to Etherium. All new ICO mostly run on Etherium where Litecoin is rarely seen.
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Thanks @andrse for your input! I'm wondering if there will be a pull back in Ether or if I should get in now
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