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Topic: Big loss - page 4. (Read 3910 times)

hero member
Activity: 779
Merit: 502
July 06, 2014, 04:02:31 AM
#26
Thats not a big loss.  Smiley

Just hold. It will recover. Whatever you do, dont buy darkcoin.
legendary
Activity: 1596
Merit: 1061
Smile
July 06, 2014, 03:54:19 AM
#25
hold

only sell when high

my speculation
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
July 06, 2014, 03:18:01 AM
#24
Sell and get out. The alt coins are different to bitcoin, I don't see any reason why litecoin will increase in value again. It has had its time.

Hey, just remember, people were saying the exact same thing when it was hitting sub-.01 levels last year. While it could tumble down some more to be sure, I would say it's pretty dangerous to short at this point.
hero member
Activity: 700
Merit: 500
July 06, 2014, 03:14:54 AM
#23
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

Very difficult but maybe your idea to move to darkcoin is smarter
It's at low people scared after darksend bug
But strong and developing with a nice future may be worth a risk that or diversify holdings / dollar cost average litecoin down again/ cheaper entry cost.

Ummm, no. Not sure that is such sound advice. I know there are a lot of trapped DRK holders that would love for more buyers (Wink), but DRK is a pretty dangerous buy. Bottom fishing at this point, could find some bounces, but it looks like it could fall a lot further.

Maybe your right was reading darkcoin news just feels like it relates to OP's predicament.
Says 30 D low
http://www.cryptocoinsnews.com/news/darkcoin-price-falls-30-day-low-peercoin-briefly-rises-4/2014/07/05

Darkcoin and Peercoin Metric Analysis

The consistent fall of the Darkcoin price should trouble investors who bought in at prices close to double its present value. However, DarkSend development continues to move forward, and Darkcoin boasts strength in several key areas, including developer involvement and market liquidity. CoinGecko, a cryptocurrency market analysis site that measures a number of factors to determine the strength of a coin, still ranks Darkcoin’s metric score fourth, behind only Bitcoin, Dogecoin, and Litecoin. Peercoin, in contrast, sits in eleventh place due to its low liquidity levels (relative to the other major coins). Darkcoin investors should hesitate to prematurely sell their holdings.
member
Activity: 62
Merit: 10
July 06, 2014, 03:14:50 AM
#22
Sell and get out. The alt coins are different to bitcoin, I don't see any reason why litecoin will increase in value again. It has had its time.
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
July 06, 2014, 03:12:46 AM
#21
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

Very difficult but maybe your idea to move to darkcoin is smarter
It's at low people scared after darksend bug
But strong and developing with a nice future may be worth a risk that or diversify holdings / dollar cost average litecoin down again/ cheaper entry cost.

Ummm, no. Not sure that is such sound advice. I know there are a lot of trapped DRK holders that would love for more buyers (Wink), but DRK is a pretty dangerous buy. Bottom fishing at this point, could find some bounces, but it looks like it could fall a lot further.
hero member
Activity: 700
Merit: 500
July 06, 2014, 03:04:50 AM
#20
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

Very difficult but maybe your idea to move to darkcoin is smarter
It's at low people scared after darksend bug
But strong and developing with a nice future may be worth a risk that or diversify holdings / dollar cost average litecoin down again/ cheaper entry cost.
full member
Activity: 182
Merit: 100
July 06, 2014, 03:02:29 AM
#19
I would hold. You already lost around half. It can't really drop a whole lot more quickly. Short of a crash. So you already lost most of what your going to lose assuming it doesn't go back up. I think its going to take some action from the litecoin association to really get much of an increase. They seem to be in complete denial with no public plans to restore confidence.

Steve
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
July 06, 2014, 02:53:06 AM
#18
I don't see the point of selling at a loss right now. Just hold onto them and I'm sure they'll see a rise sometime soon. They'll probably have a spike the next time Bitcoin does.

There are no guarantees, but I tend to think it will go down like it did November 2013. Everyone was talking about LTC's death back then too (and all the alts for that matter). Then BOOM, they all outperformed BTC by huge margins near the top of the bubble.
global moderator
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Join the world-leading crypto sportsbook NOW!
July 06, 2014, 02:47:46 AM
#17
I don't see the point of selling at a loss right now. Just hold onto them and I'm sure they'll see a rise sometime soon. They'll probably have a spike the next time Bitcoin does.
member
Activity: 99
Merit: 10
July 06, 2014, 12:26:20 AM
#16
Do not panic sell please. Trade it or use it but dont sell it at this price you will regret it at 20$ Smiley
hero member
Activity: 504
Merit: 500
July 06, 2014, 12:17:03 AM
#15
not sure about Coinbase, but from a historical/TA perspective, there will be a big bounce/pump. who know when, though.
hero member
Activity: 519
Merit: 500
July 06, 2014, 12:06:16 AM
#14
To be honest that's not a huge loss.  There are many real world stocks that do worse in a shorter time span.  Some peolpe bought LTC at $48, they have a huge loss.

Either sell it, sell partially, or wait for Coinbase to pick it up and it should rocket back up.

Trading volume indicates it's still used as a currency opposed to all other alts.
full member
Activity: 182
Merit: 100
July 05, 2014, 11:32:44 PM
#13
ouch, that's gotta hurt. Undecided
sr. member
Activity: 644
Merit: 260
July 05, 2014, 10:36:30 PM
#12
LTC prices have been following BTC prices very closely until recently when BTC shot up but LTC continued to slide down the charts. It's still at number 2, but it seems that many of the older established altcoins (Peercoin, Litecoin, Namecoin, even Dogecoin) aren't doing so well these days.

I have 1 LTC that I bought at ~$11 so it's not a huge loss for me. I would love to see LTC jump back up, but I wouldn't be too surprised if another coin like NXT reached that #2 position within a year.
The reason for this is because there is no real use for the majority of the alt coins (with the exception of namecoin).

The reason that bitcoin has value is because it is a secure method to pay for things. The Bitcoin network is very secure and there are actual things you can buy bitcoin with that are not bitcoin related. For the most part the only thing you can buy with altcoins is bitcoin. You can get a domain with namecoin but the cost to get a domain on godaddy or other domain registration service for very little fiat.
sr. member
Activity: 462
Merit: 250
July 05, 2014, 08:47:52 PM
#11
LTC prices have been following BTC prices very closely until recently when BTC shot up but LTC continued to slide down the charts. It's still at number 2, but it seems that many of the older established altcoins (Peercoin, Litecoin, Namecoin, even Dogecoin) aren't doing so well these days.

I have 1 LTC that I bought at ~$11 so it's not a huge loss for me. I would love to see LTC jump back up, but I wouldn't be too surprised if another coin like NXT reached that #2 position within a year.
hero member
Activity: 812
Merit: 1000
July 05, 2014, 08:35:37 PM
#10
i bought 2000$ litecoins at 11.8$ , 2 months ago   Embarrassed
please advise me sell it or wait ? or change it with darkcoin or what ? Huh

I'd say sell, I don't think it's going up in very near future, If you had invested in bitcoin then you'd have already made a profit but its still not late, sell and buy bitcoin.
hero member
Activity: 798
Merit: 1000
July 05, 2014, 08:08:24 PM
#9
That stinks. It's always possible that the value will go back up, but Litecoin (like Dogecoin and a lot of formerly good coins) isn't looking so hot.
newbie
Activity: 55
Merit: 0
July 05, 2014, 07:53:43 PM
#8
Doenst the alt exchange help you?

Or the coinpoolz shows on the prices on all alt coins.
member
Activity: 98
Merit: 10
★☆★Bitin.io★☆★
July 05, 2014, 06:27:21 PM
#7
It seems to be languishing. A few months ago everyone was saying it is the next big thing. Did NXT take some market share?
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