Mine LTC, if all else fails on that sell your initial investment of GPU's, simple.
Is the conversion rate of mining LTC and converting higher than the speculative price of BTC right now?Do you convert LTC directly into BTC or hold and wait for LTC to do it's elastic value adjustment to maintain speed with BTC and THEN convert? (Seems like the second option there)
The other option I'm wondering about is mining LTC? Could I spent 10k on LTC mining equipment and get the same results as spending 10k on hundreds of GHs of asics equipment?
Depends on your electricity cost. Before making any investments on hardware, use mining profitability calculators. Litecoin mining is all about electricity cost...
It looks like I could build about 4500 KHS for a $4k investment