Post
Topic
Board Trading Discussion
Re: Turn $10,000 into 1 Million
by
HR
on 04/08/2017, 20:04:42 UTC
Thats a big portion of your portfolio on LTC. You still plan on holding it all the way to 1M even when Bitcoin is already getting segwit (one of the primary reasons that boosted LTC price)?

No plans to hold anything ad infinitum at this point. Later on that might change though. If we get up above $200 on LTC I might start dumping.  Wink

I think the point was why are you bullish on LTC when Bitcoin is getting the same main feature of LTC currently (segwit). Personally I'm an LTC bear because I don't see what it offers that Bitcoin doesn't or can't other than a faster confirmation time and different proof of work system.

BTC also has some risks that are much higher than LTC, for example, imagine how a catastrophic failure for one of the major Chinese BTC miners could affect the BTC blockchain.

LTC is much more nimble, and just as safe.

It's also clearly undervalued if seen from its 4:1 ratio with BTC. Just from this point of view it's got much more upside potential. One of the best risk/reward opportunities in crypto IMO.