Well, owning litecoin is like having bitcoin with the potential to earn more bitcoin due to litecoin price rising. This is also true for any coin traded with bitcoin, and is.why I am invested in altcoins. Oneday my altcoins will provide way more bitcoins than I could just buy outright.
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That is a sound practice and one that I am looking to implement.
Of course the trick is to find those coins which appreciate at a faster rate than BTC either on a scalp or a medium term hold. I imagine that takes some finesse.