Cryptocurrency (BTC/LTC) investment tip speculation

in investment •  7 years ago 

On January 1st Litecoin was $4.49 and Bitcoin was $996.34

Let's assume you bought into Bitcoin when it was super duper cheap, and obtained 500 Bitcoins.
The ratio of LTC:BTC was much better then, but it was only 2x what it is today
221 LTC:1 BTC
BTC increased 11x while LTC increased 22x
Looking at that trend here, Litecoin would be and will be a solid investment from 1% of your BTC wallet/reserve
If I was in your position, I would definitely do it. Tax rates and everything, I'd diversify
while LTC is relatively low still
$50k for 500 Litecoins right now, about 5 million in 5 years or so, speculatively.
Let's see it happen
Problem is $50k is a year's salary for me, lol
If LTC went up 22x in 11 months, even if I had a 100k salary, it might go up another 11x by the time I get 50K, making it around $1k per LTC, making me able to get just 50 LTC
not as impressive
So time is money, literally. lol
Anyway have a good night, morning, whatever.
Peace

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