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RE: Analyzing Cryptocurrency Series #2 Litecoin
Wow, I love all the info in this post. I have moved all my BTC to LTC with all the questions about BTC right now. I like that LTC is not as volatile. Do you think others are doing the same thing?
Thank you for the compliment @markvance. I recently moved a good portion of my personal holdings to LTC about a month ago when LTC was around $38 as I knew about the upcoming events with BTC and the market had yet to react to it at that point. It was a good choice as many of my prior holds lost a large percentage in value and LTC remained fairly stable, only lossing a small percentage. I do think that most pulled holdings in BTC to their respective fiat. I am personally looking at LTC as a long term hold, as I belive it will have much more applicability in terms of microtransactions in the coming crypto market. But as we have seen recently with the large price hike in BTC, we would be ignorant to rule out Bitcoin as the current and possibly continued leader of the industry. Thanks again for reading Mark. Cheers
Yes, I will probably keep most of my money in LTC and just build up my BTC with profits from Genesis Mining.