what do you guys think is going to happen?
If the bitcoin fork fails, wouldn't litecoin skyrocket?
I'm considering making a large investment into litecoin and right now I feel like I'm missing the train (I have a small position and have been slowly accumulating but I want to make a bigger purchase).
Should I wait until after August 1st? Or do it now? What are your suggestions?
(disclaimer: I know you are not my financial advisors, but I'd love to hear your suggestions and thoughts) ;)
Personally I'm pretty bearish on the whole crypto market right now. Presumably you've seen the famous 'bubble' diagram before? ';)
However, I can't quite figure out why LTC is doing so well just now. I guess it's because basically it's the same as BTC but with low fees and no plans to ever have a fee market because the block size would be expanded as required. This would be attractive for business because they could plan ahead without their business model being invalidated down the line due to high fees. Another explanation is that it's just very popular in China (perhaps even more than BTC)!
You could just try to build up your position incrementally over time which is probably the safest way.
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No. Stick with bitcoin
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hard to say, i think zcash is next in line to take the gold. i believe it to be undervalued right now
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Half half either way you win
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Nah: it should be 'have y'all got any of that $5 Litecoin?' ;)
At that point, I'd sit up and consider buying a big load of it again :P
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no clue what happened to that comment below. that was weird.
anyway lol I was going to say yeah I originally had put that exact thing but figured it wouldn't be fair to say that since I wasn't even aware of what litecoin was at that time lol
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Hah... oh well :)
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don't speculate. wait and see. patience.
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I wouldn't put all your investments into litecoin all at once. It is a crapshoot right now because no one can tell you what is going to happen after August 1st. Now what you can do is prepare for it. You may put a little on LTC just for your FOMO (fear of missing out) and slowly accumulate. After August 1, you can see the market sentiment and adjust your strategy afterwards.
If the cryptocurrencies goes down significantly, you may want to buy more (careful not to catch a falling knife and who knows how low it can go).
If it goes higher, then you should accumulate as well.
No one knows what will happen. We are speculating with our positions. There's a lot of FUD and there is good reason. It will be an interesting time. I have no doubt that the future will hold higher prices.
Good luck
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