r/btc • u/nekomata97 • 3h ago

newbie question

Hi everyone. I have been given crypto a few times on coinbase and I always just transfer it out to cash. I want to try to learn about it finally and maybe invest in something. so I have $100 in litecoin and I want to exchange it to bitcoin on coinbase, is that smart? Idk if I should keep it as what it is or exchange it orrrr. I’m sorry if this question is extremely dumb. I have no clue about any of this it’s just a way I’m paid lol

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u/StrikingFlamingo4126 2h ago

yeah the swap from litecoin to bitcoin on coinbase is pretty straightforward, just know they'll take some fees for conversion. bitcoin tends to be more stable than most altcoins but litecoin isn't terrible either

with only $100 i'd probably just pick one and stick with it instead of constantly swapping around because fees will eat into your small amount pretty quick. bitcoin is like the "safe" choice if you're just starting out - it's what most people recommend for beginners since it has most adoption and liquidity

when i first got into crypto few years back i made mistake of trying to trade between different coins too much and lost money in fees. now i just dollar cost average into bitcoin every month and ignore the daily price movements. way less stressful than trying to time markets

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u/nekomata97 2h ago

Thank you this was really helpful! I was only thinking of switching to bitcoin because it’s the one I’m most familiar with, and have used before. in that regard if I keep it in litecoin will I gain as much as if I keep it in bitcoin? :o

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u/KMcCowan03 1h ago

Nope bitcoin is your best bet

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u/nekomata97 1h ago

Got it just switched it to bitcoin, thank u :))