Big loss - page 2. | Bitcointalksearch.org

shtako

hero member

Activity: 779

Merit: 502

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).

InwardContour

sr. member

Activity: 644

Merit: 260

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.

PereguineBerty

member

Activity: 109

Merit: 35

LTC has bounced back a lot in the past day or so.

Hopefully the OP listened to the advice of those who'd suggested this might happen, not the dumpers. It would be interesting to see how he's getting on though.

1Referee

legendary

Activity: 2170

Merit: 1427

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.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

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.

FreeTrade

legendary

Activity: 1470

Merit: 1030

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.

balu2

hero member

Activity: 742

Merit: 500

Quote from: cp1 on July 12, 2014, 12:00:07 AM

What's the point of holding LTC? If you think it will go up the next time bitcoin goes up you might as well trade it for bitcoin. If you think it's going to keep sliding down the next time bitcoin goes up you should definitely trade it for bitcoin. What's the benefit to being stuck with LTC? Just so you can say you have 100 LTC instead of 2 BTC?

the purpose of trading ltc to btc is to make more coin besides that ltc is more volatile so trading it agains fiat can make even more bank. LTC has the advantage of being more volatile than btc.

Fernandez

legendary

Activity: 1008

Merit: 1000

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

Sorry to hear, but altcoins are a huge gamble. I lost quite a bit on a spread of altcoins too, but I was always aware it was a very risky game.

I would say hold it now, its unlikely to go much lower. The upsides are more at this point.

Bluestreet

legendary

Activity: 988

Merit: 1000

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

Welcome to the world of ASICs and everyone that bought them trying to ROI, all scrypt coins are being bent over and taking it in the ass which is why a lot of scrypt coins are either changing algos or switching to full POS.

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

What's the point of holding LTC? If you think it will go up the next time bitcoin goes up you might as well trade it for bitcoin. If you think it's going to keep sliding down the next time bitcoin goes up you should definitely trade it for bitcoin. What's the benefit to being stuck with LTC? Just so you can say you have 100 LTC instead of 2 BTC?

boxuser

sr. member

Activity: 322

Merit: 250

Credits CRD 1st Decentralized Exchange coin

i would say, wait is the safer way

balu2

hero member

Activity: 742

Merit: 500

general rule of thumb: buy when fud is strong and sell the newparadigm-euphoria
Took me some time to find out.
It goes to the moon before it has aids and vice versa.
sell moon, buy aids Wink

Propulsion

hero member

Activity: 658

Merit: 500

The Buck Stops Here.

Quote from: mymenace on July 07, 2014, 02:30:01 AM

a big thing i found out in the btc-e trollbox

when they yell sell do the opposite and buy

when they yell buy do the opposite and sell

when they yell hold ?

do some research and make the best decision for you

read this https://bitcointalksearch.org/topic/a-rational-way-to-invest-in-alt-coin-514544, I believe it essential for any investing

Too bad they all yell everything at once then.

EternalWingsofGod

hero member

Activity: 700

Merit: 500

Quote from: anderl on July 06, 2014, 07:03:15 PM

I bought LTC at around $4.17 April 2013. I panicked when LTC dropped to $1.20 in Sept 2013 only to see it move to almost $50, 2 months later. Cryptocurrencies are not for the weak of heart and those that can't sit on their hands.

It's still 8 dollars and some
Seems like a good opportunity for its potential up range stock and investing wise

mazuma

sr. member

Activity: 311

Merit: 250

its not like he lost the 2 grand. like 35-40 % of it. Cash out. let it tank even more maybe buy again later. Maybe start momentum trading with other alt coins to makeup for some loss. I dont see litecoin having a surge anytime soon, so instead of hold and forget about it, let it tank and buy back again when you feel like its hit rock bottom. Its been declining daily steadily. Anyways BIG Loss , loll , chump change fellow chump change.

IamCANADIAN013

hero member

Activity: 714

Merit: 503

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

Be happy you didn't pay $15 like I did, I invested just over $1200 so I feel your pain.

I'm just going to hold out that it will rally and I'll turn a profit down the road. Could take months, years, who knows.

Hopefully the $2 grand is something you can risk losing.

jubalix

legendary

Activity: 2660

Merit: 1023

take half your money put it in Peercoin.

I wish I did this a year ago. I would have been much better of.

NXT, Peercoin and maybe NEM will be the beneficiaries of LTC outflow.

NXT has a lot of functions

Peercoin unlike LTC actually has other things being developed for it, and tone of the community also sets it apart from every other crypto.

PeerCoin also has no competitor. Largely becuase 99.999999% of crypto people don't get it or wher the real money/value is, they are all LTC on GOX btc on Amazon

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

a big thing i found out in the btc-e trollbox

when they yell sell do the opposite and buy

when they yell buy do the opposite and sell

when they yell hold ?

do some research and make the best decision for you

read this https://bitcointalksearch.org/topic/a-rational-way-to-invest-in-alt-coin-514544, I believe it essential for any investing

juicyjuice87

sr. member

Activity: 490

Merit: 250

Potential 51% attack scares seemingly every week sounds like real good security to me..
Ltc is drowning and anyone with a half a brain will get their money out and invest it in something awesome like NXT Cheesy

smalltimer

sr. member

Activity: 252

Merit: 250

Quote from: Brilliantrocket on July 06, 2014, 07:50:41 PM

LTC is dead as far as development goes. It has done almost nothing to distinguish itself from Bitcoin, so I consider it a shitcoin.

BTC is also not that innovative jeeez Roll Eyes

innovation is really not everything. I start calling you guys innovation-sissies soon.

BTC is already so innovative 99% of the people do not understand it.

When investing in alts look for community and devs - that's where it's at. LTC has strong community. That's not going away.
Coblee was also very good with promotion.

You'll be drowning in piles of innovative coins that got nowhere. Mark my words innovation-sissie Wink

Innovation means one thing: bugs
Bitcoin itself is beta still. People will value security over innovation when it comes to money.

Topic: Big loss - page 2. (Read 3910 times)