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RE: Why I'm Buying Litecoin - LTC - Today - Even at 47 bucks a pop.

in #cryptocurrency • 7 years ago

That's a great question, and I'm not a Segwit expert...

I look at LTC as a hedge. I can't imagine all three Coinbase coins will move in lockstep forever - though ETH and BTC seemed to move for the past couple months in a pretty similar pattern.

BTC activating Segwit would not necessarily be a bad thing for LTC; there's a name recognition pattern there, but I honestly think people will be looking for a coin that could become "the next BTC." Or the next ETH. And so on.

As always, your investment could go to zero - so that remains a possibility, too.

7 years ago in #cryptocurrency by
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     7 years ago  

    Makes perfect sense as a hedge. And all kinds of exchanges seem to be adding LTC lately.

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     7 years ago  

    Thanks for the reply! I never considered LTC as a hedge. I remember when I first got into crypto about a month ago I was looking for "the next BTC" and ironically I ended up buying a small amount of LTC because of it so you are definitely right in that aspect!