Selling some bitcoin to invest in Litecoin. Is this a good idea in current market situation? - Page 3 - Trading - CryptoTalk.Org Jump to content
Brushless4500KV

Selling some bitcoin to invest in Litecoin. Is this a good idea in current market situation?

Recommended Posts

its sure thing that because of high price of bitcoin its price fall and rise percentage is lower in-comparatively but if you do proper calculation on volatility of bitcoin you can see good change in price of bitcoin but lite coin is also not bad coin as it runs with same algorithm as bitcoin and in my view both coins are great

Share this post


Link to post
Share on other sites

Don't do that, you will loose your money like how i loose mine. Litecoin is not profitable at all for this time, i lost my money because of trading them to litecoin. Its going down everyday from 10%+ to -4% thtas not a good coin to invest for now.


■   ■   ■   ■   ■   ■     PEER-TO-PEER MULTI-BLOCKCHAIN SYSTEM     ■   ■   ■   ■   ■   ■

 ━━━━━ ━━━━ ━━━ ━━ ━    Free TON    ━ ━━ ━━━ ━━━━ ━━━━━━

|► DECLARATION OF DECENTRALIZATION |   FORUM   |   TON SURF   |► BECOME AN AMBASSADOR |

Share this post


Link to post
Share on other sites

I don't  think that it is the good  idea if you are thinking  about long term  trading  that  it can be good  idea but if you are thinking  about  short  term trading  I suggest you ETH.

Share this post


Link to post
Share on other sites

Sometimes I have a lot of problems selling bit coins and I don't know how to solve these problems. If you help me with this I will find that I can solve the problem.

Share this post


Link to post
Share on other sites

I don't know what you did with your bitcoins. I hope you do not sell it to invest with litecoin. I don't think this will be more beneficial, everyone wants to own bitcoin, only when I withdraw money will I convert bitcoin into litecoin for a low fee.

Share this post


Link to post
Share on other sites

There's no doubt that it's advisable. A coin is a responsible plus money-making gold coin. I as well devoted during this gold coin. However, Bitcoin is likewise money-making. A currency is advisable to get near future expend.

Share this post


Link to post
Share on other sites

In the first place, the two leading cryptocurrencies could be exact, plus the actual cause of this is undoubtedly first off that Litecoin took out of bitcoin at all. Among the list of prevalent benefits most people obtain will be exploration, highest possible more significant and bonus cheap on store shelves any three ages.

Share this post


Link to post
Share on other sites

BTC is actually with the minimal selling price. The latest circumstances are BTC is usually with 5230$ in addition to a couple of weeks ago. BTC is really with awful postures, and it's selling price typically are wanting to know by 4430$ to help 5968$, and once the item crossed 6450$ subsequently mainly because usually are bullish. At this point, LTC is the reduced price you obtain the article.

Share this post


Link to post
Share on other sites

If you want to day trade, or benefit from swing trades, then probably yes. But the longer trend just follows BTC, in my opinion. So if it is for holding longer, I do not see the benefit of exchanging a large amount of BTC for LTC.

 

I have a small amount of LTC myself, but no more than a few percents of my investment.


Finally a currency which I believe might become a stable coin with a good future (community controlled Ecoin)

Look, read the FAQ, and sign up for free here: https://ecoinofficial.org/referral/n9zk2s0

Share this post


Link to post
Share on other sites

I'd advice anyone not to lower their Bitcoin position bellow 50% at any point. Holding at least this amount will be of great help in cases like the one we are having the last few weeks. Altcoins always dump two times faster than Bitcoin and the losses will be really hard to recover. Bitcoin recovers, altcoins recovers slowly. Litecoin is nothing but an altcoin, it might show promise sometimes, but usually it is a bad investment.

Share this post


Link to post
Share on other sites

Of all the existing cryptocurrencies, litecoin most accurately repeats the fall and rise of the price of bitcoin. I think it makes no sense to use litecoin for investment. At best, it will rise in price like bitcoin.

Share this post


Link to post
Share on other sites
On 2/15/2020 at 10:56 PM, SHoogen said:

Litecoin is really low at the moment. I stock it too because i never seen it so quite low. But I do think LTC and trining btc into fiat atm is a better idea once it retracts to  the 10000 dollar mark

When Bitcoin experiences this trend, it will also affect the price of altcoins. So I think it is advisable to save some bitcoins for altcoin trading. It's also not a bad idea. There are several advantages if you choose to do this because of the lower litecoin price but also some disadvantages.

Share this post


Link to post
Share on other sites
On 2/16/2020 at 11:13 PM, Crypto Hunter BD said:

Sometimes I do not quite understand quite to sell several cryptocurbs of bitcoin, then buy a currency. It's the best to invest directly

When Bitcoin experiences this trend, it will also affect the price of altcoins. So I think it is advisable to save some bitcoins for altcoin trading. Good idea but it is not a bad idea either. There are several advantages if you choose to do this because of the lower litecoin price but also some disadvantages.

Share this post


Link to post
Share on other sites
Posted (edited)

I think this is not the best idea, because bitcoin still has a chance to grow, and if the litecoin coin starts to grow, it won't be as big (often) as bitcoin's

Edited by ComeBackIsrael

Share this post


Link to post
Share on other sites

This will make you achieve more profit if you invest and trade in the ltc currency and a good idea for sure and you will achieve a good profit


 

Life is great and enjoy it

Share this post


Link to post
Share on other sites
On 2/1/2020 at 2:40 AM, Brushless4500KV said:

Recently, I have noticed that Litecoin can be chosen as the best coin for short term profit because it has anything a proper coin must have. It is reliable, it has large volume and it has wide price movements. I have some bitcoin and I am increasing my bitcoin balance by posting here. I thought about investing my BTC income in Litecoin to earn more profit because I have monitored both coins and saw that LTC price rises (and falls) faster than bitcoin and is a great coin for daily profit. It has between %5 and 15% daily fluctuations.

What do you think about my idea for profitability with Litecoin?

I don't want to sell all my bitcoin, I hold some of it for halving.

Welcome my friend
I think trading can be really profitable, but we must not forget that there is a risk when dealing with trading and unrecognized cryptocurrencies. I think the currency is really safe, but I prefer to deal with bitcoin.

Share this post


Link to post
Share on other sites

I think that with the current situation in the market, it is best not to sell bitcoin, if you have such an opportunity, but just wait for the price of litecoin at $ 30.

Share this post


Link to post
Share on other sites

Selling BTC to invest in LTC is a good idea, the price of LTC is very low and 
I have not registered in recent years that more than 25 dollars have gone into the LTC currency.
LTC coin rises to $ 150 and when the price of BTC decreases, its price drops to $ 30

Share this post


Link to post
Share on other sites

I think that no, at the moment it will be the worst decision since bitcoin may well grow to the price of 20,000 dollars and then you will lose a lot of money.


 

Share this post


Link to post
Share on other sites

This is probably a risky idea. At the moment, due to the halving event, it is unknown how everything will turn out. I think it's best not to take any action.


LBRY - Content Freedom. Get bonuses (In the LBC crypto coin every day.
Watch videos, create your own channel,add videos and get rewarded. 
https://lbry.tv/$/invite/@Abstraction.S.D:5 

Share this post


Link to post
Share on other sites
On 2/18/2020 at 3:51 AM, dinabolt said:

Your idea is very good and realistic, it is better if you don't have all the capital in the form of bitcoin. It's a good investment in some popular altcoins and LTC is a very good choice. The advantages of this Litecoin is the price movement very volatile. So you can make profit in long time investment with LTC.

 

You should not sell your bitcoins and keep it because the lite coin is not like bitcoin, the price can rise immediately and very high. It is one of the oldest cryptocurrencies on the market and doesn't increase much, but it's nice to take advantage of its daily fluctuations.

Share this post


Link to post
Share on other sites

In the current market as of this month May, litecoin is too stable while bitcoin is fluctuate around $9200 to $9700. This is not a good idea for now, trading bitcoin against tether or any other stable coin is better these days but this will still do always change. 

Share this post


Link to post
Share on other sites

If you have days studying and analyzing the Ltc currency and have deduced that you can invest in it, of course it is a good option and so it can be done with another currency, investing is always a good idea as long as there is analysis involved.

Share this post


Link to post
Share on other sites

Selling some bitcoins to invest in litcoin.  I think the current market situation is a much better idea.  Because the bitcoin of this crypto currency is sold for 7 bitcoin investments  So it is very good. Thanks for sharing with everyone.

Share this post


Link to post
Share on other sites
On 3/16/2020 at 11:09 AM, kadayakito said:

I don't know what you did with your bitcoins. I hope you do not sell it to invest with litecoin. I don't think this will be more beneficial, everyone wants to own bitcoin, only when I withdraw money will I convert bitcoin into litecoin for a low fee.

I still have my bitcoins and keep collecting more and more. I soon realized that Litecoin is not a proper substitute for bitcoin because it can't compete with it in terms of volume and trust. You may get a good earning from LTC in some occasions but is this as stable as bitcoin earning? No way! If I want to convert my BTC to anything, my number one choice would be ETH because it is the closest coin to BTC in all aspects. I don't need to convert to LTC for lower fees because I always withdraw to my USD wallet.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...