Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
RicePicker
on 04/03/2014, 12:46:58 UTC
Quote from: UnDerDoG81 on March 04, 2014, 12:41:25 PM
Quote from: seleme on March 04, 2014, 12:31:06 PM
Quote from: seldon on March 04, 2014, 12:27:54 PM
Quote from: seleme on March 04, 2014, 12:27:08 PM
Quote from: MANofthePEOPLE on March 04, 2014, 12:22:54 PM
Bought 40 LTC for 1,1 BTC. Good or bad idea?

Depends how patient you are. It's guaranteed 20-30% profit at some time, even more if more patient.

In BTC or Fiat-terms?

btc, soon or later ltc goes over 0.03

Damn I wish I had listened to you yesterday. That would´ve been a straight profit of 25%  Cry

I watched LTC charts for a long time and have seen that they go paralel with the price of BTC so I thought it does not matter if you are in BTC or LTC.

LTC does go parallel with BTC. LTC just lags behind bitcoin when going up, but tanks when going down. LTC was severely undervalued when BTC just spiked up from $400-$700 and still trading at $14. LTC was going to go back up to the $16-$20 not matter what if bitcoin is at $700. The BTC China news just re enforced the sentiment that LTC was undervalued. You have to take into account what LTC was trading relatively at compared to Bitcoin at various time frames.