Big loss | Bitcointalksearch.org

AliceWonder

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Quote from: FreeTrade on July 12, 2014, 08:24:14 AM

The future consists of a world of multiple competing and complementary coins. Different coins offer different strengths. I can't see what Litecoin's USP is personally, but it will be lifted with the rising tide of all crypto come the next big swing upwards.

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AliceWonder

full member

Activity: 168

Merit: 100

Quote from: ltcnim on July 06, 2014, 07:51:26 AM

3. hardcore btc ppl: will tell you that every alt coin is just bullshit, and only btc is worth investing

Yes, and the reason for this - crypto-currency *is* the future.

With only 21M bitcoins, if bitcoin is the only crypto-currency, those who have it now will be filthy rich due to the limited supply.

Altcoins get in the way of that greedy dream.

So greedy bitcoin speculators will want you to believe no alt-coin will ever make it.

Truth is most won't, but some have to.

Fernandez

legendary

Activity: 1008

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Quote from: Lauda on July 12, 2014, 08:44:41 AM

The loss is not that big. It's only $2000 invested and the price has not yet halved. I guess you should hold and wait for the next pump of all coins.

Thats what I am doing. I am holding on to the coins for the next pump. If even one coin out of the many pumps several times I will have broken even. I would rather risk losing all than kicking myself over lost profits when it rises.

griffinriz

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Activity: 476

Merit: 250

Quote from: Brilliantrocket on July 16, 2014, 11:47:05 AM

Quote from: griffinriz on July 16, 2014, 11:36:17 AM

Quote from: Brilliantrocket on July 16, 2014, 10:24:08 AM

Quote from: griffinriz on July 16, 2014, 06:31:52 AM

i would rather sell now and invest in XMR. But also i would recommend you to do your own research and make your decision.

Invest in BCN, XMR is just a clone.

BCN was premined, XMR is the best atm.

Markets don't care about a premine, only which coin delivers the best result. If BCN builds a complete product before Monero, the premine won't mean anything.

i do care about 82% Premine and a lot of other people too, if you don't care then that's your decision.

Brilliantrocket

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Quote from: griffinriz on July 16, 2014, 11:36:17 AM

Quote from: Brilliantrocket on July 16, 2014, 10:24:08 AM

Quote from: griffinriz on July 16, 2014, 06:31:52 AM

i would rather sell now and invest in XMR. But also i would recommend you to do your own research and make your decision.

Invest in BCN, XMR is just a clone.

BCN was premined, XMR is the best atm.

Markets don't care about a premine, only which coin delivers the best result. If BCN builds a complete product before Monero, the premine won't mean anything.

griffinriz

sr. member

Activity: 476

Merit: 250

Quote from: Brilliantrocket on July 16, 2014, 10:24:08 AM

Quote from: griffinriz on July 16, 2014, 06:31:52 AM

i would rather sell now and invest in XMR. But also i would recommend you to do your own research and make your decision.

Invest in BCN, XMR is just a clone.

BCN was premined, XMR is the best atm.

gondel

legendary

Activity: 1960

Merit: 1005

Well about litecoin, my advise is to sell it while it is still worth something. There is one little chance if another bubble occurs with BTC the prices of all alts will go up. Better chance is the price going down and down so sell

Brilliantrocket

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Activity: 826

Merit: 500

Quote from: griffinriz on July 16, 2014, 06:31:52 AM

i would rather sell now and invest in XMR. But also i would recommend you to do your own research and make your decision.

Invest in BCN, XMR is just a clone.

Vivisector999

hero member

Activity: 541

Merit: 500

BTC went through this exact same cycle when the ASIC's hit.

Everyone rushed in to buy multi 1000$ machines, thinking they would make a killing, instead the difficulty shot through the roof, and they all needed to dump every coin they mined to make their ROI back. Once things settle down with the ASIC's coming in and forever changing LTC, things should begin to rise again. Although due to the low value of LTC, and the price of the big ASIC's, I would expect it to be a longer turn-around time for this to occur. I would hold for the longterm, or sell if you can't handle the idea of waiting a year or more.

griffinriz

sr. member

Activity: 476

Merit: 250

i would rather sell now and invest in XMR. But also i would recommend you to do your own research and make your decision.

drAGon925

hero member

Activity: 527

Merit: 500

That is not loss if you do not sale.
Thing is that today you can buy more LTC then you already have.

I would hold,
or if you must have other alts to calm your hands,
you mentioned DRK,
I can suggest you to research this coin, maybe little amount get back to you that 2k$ soon

https://wiki.anoncoin.net/Anoncoin_Wiki

EDIT: I forgot...I buy LTC at 22-24$ : )

EternalWingsofGod

hero member

Activity: 700

Merit: 500

Quote from: FreeTrade on July 12, 2014, 08:24:14 AM

The future consists of a world of multiple competing and complementary coins. Different coins offer different strengths. I can't see what Litecoin's USP is personally, but it will be lifted with the rising tide of all crypto come the next big swing upwards.

^_^ yes this is possible, perhaps it will be the critical mass where each coin pushes the others to get stronger
Each one working towards a better coin together.

cozk

hero member

Activity: 812

Merit: 500

I'd hold.

InwardContour

sr. member

Activity: 644

Merit: 260

Quote from: shtako on July 13, 2014, 04:41:11 PM

Quote from: InwardContour on July 13, 2014, 03:27:20 PM

Quote from: shtako on July 13, 2014, 12:56:53 AM

Quote from: InwardContour on July 12, 2014, 04:03:42 PM

Quote from: 1Referee on July 12, 2014, 09:00:57 AM

Just hold, best thing you can do, if you sell and LTC price is going back up again you'll be very unhappy.

LTC is a solid coin, great dev behind it.

They may have good dvs behind LTC, but it still doesn't add any real features that bitcoin does not already provide to users and bitcoin is many times more secure then LTC is.

The feature LTC offers is a secure blockchain. BTC got a secure blockchain and LTC will have a seperate secure blockchain when the hashrate have increased sufficient. That is were the the value in LTC is and why the value will increase long term. Features can be buildt on a secure blockchains, but are worthless on insecure coins (every other).

If they both have a secure blockchain then why would you want to deal with the blockchain that is less secure (LTC)? Not only that but bitcoin is much more widely adopted and followed by the press, so any merchant that accept bitcoin would essentially get free advertising while a merchant that accept LTC would not.

Think a few years ahead. To be a simple currency will not be the most important function for either BTC og LTC.

But on the way there, merchants will have little/no reason to start to accept LTC as BTC works just fine, is more secure and more heavily adopted.

MicroGuy

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Twitter @realmicroguy

Quote from: unitedss on July 05, 2014, 05:35:35 PM

i bought 2000$ litecoins at 11.8$ , 2 months ago Embarrassed

please advise me sell it or wait ? or change it with darkcoin or what ? Huh

Perhaps you could slowly move into a more diverse position.

For example, sell a little LTC each week and move it into other coins.

shtako

hero member

Activity: 779

Merit: 502

Quote from: InwardContour on July 13, 2014, 03:27:20 PM

Quote from: shtako on July 13, 2014, 12:56:53 AM

Quote from: InwardContour on July 12, 2014, 04:03:42 PM

Quote from: 1Referee on July 12, 2014, 09:00:57 AM

Just hold, best thing you can do, if you sell and LTC price is going back up again you'll be very unhappy.

LTC is a solid coin, great dev behind it.

They may have good dvs behind LTC, but it still doesn't add any real features that bitcoin does not already provide to users and bitcoin is many times more secure then LTC is.

The feature LTC offers is a secure blockchain. BTC got a secure blockchain and LTC will have a seperate secure blockchain when the hashrate have increased sufficient. That is were the the value in LTC is and why the value will increase long term. Features can be buildt on a secure blockchains, but are worthless on insecure coins (every other).

If they both have a secure blockchain then why would you want to deal with the blockchain that is less secure (LTC)? Not only that but bitcoin is much more widely adopted and followed by the press, so any merchant that accept bitcoin would essentially get free advertising while a merchant that accept LTC would not.

Think a few years ahead. To be a simple currency will not be the most important function for either BTC og LTC.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: smalltimer on July 13, 2014, 01:28:53 AM

hope op didn't sell into the loss

he can sell at loss and enter on another pump at the right time to recover and make some profit, this what i did with one coin once

cech4204a

sr. member

Activity: 252

Merit: 250

12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

Wait, now you allready lost most of it, just don't be panic seller. It will be fine. LTC is going up in the last few days, no worries.

InwardContour

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Activity: 644

Merit: 260

Quote from: shtako on July 13, 2014, 12:56:53 AM

Quote from: InwardContour on July 12, 2014, 04:03:42 PM

Quote from: 1Referee on July 12, 2014, 09:00:57 AM

Just hold, best thing you can do, if you sell and LTC price is going back up again you'll be very unhappy.

LTC is a solid coin, great dev behind it.

They may have good dvs behind LTC, but it still doesn't add any real features that bitcoin does not already provide to users and bitcoin is many times more secure then LTC is.

The feature LTC offers is a secure blockchain. BTC got a secure blockchain and LTC will have a seperate secure blockchain when the hashrate have increased sufficient. That is were the the value in LTC is and why the value will increase long term. Features can be buildt on a secure blockchains, but are worthless on insecure coins (every other).

If they both have a secure blockchain then why would you want to deal with the blockchain that is less secure (LTC)? Not only that but bitcoin is much more widely adopted and followed by the press, so any merchant that accept bitcoin would essentially get free advertising while a merchant that accept LTC would not.

smalltimer

sr. member

Activity: 252

Merit: 250

hope op didn't sell into the loss

Topic: Big loss (Read 3910 times)