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RE: Hedging on Bitcoin with Litecoin.

in #litecoin7 years ago

LTC seems to be weathering the storm nicely. Many of the people we know see it as the best hedge for the incoming correction.

Who knows what will happen really...

We're holding LTC, BTC and some other long play coins right now. It's hard to say how this is all going to shake out, but the reality is the coins you invest in are only worth what people are willing to buy them for.

So be careful. It's all a crap shoot. You could cash out to fiat and miss the uptick, buy into LTC and watch it crash. It's hard to say how its all going to pan out in the end so what we have done is picked 10 coins we see value in and spread the butter. We'll lose on some, make gains on others but so far we've stayed pretty even keel.

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True true, I'm still holding some BTC for sure. What I'm really hoping for is BTC to take a dive and LTC hold it's value so I can buy back at a lower price - which I'm sure many of us are hoping for. ::Fingers Crossed::

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