Topic: I keep buying lite coin as it drops... (Read 278 times)
Yes you are doing the right thing of buying in low and selling in high in terms of trading rules but Everytime following the rules is not the right choice.And investing all your money in one coin is also not right.I know you like litecoin and there is no harm in investing in it but you have to consider all the possible results and then be ready with your plan b.
It's your money, you can do as you please, but buying a dip for a coin that you trust fundamentally not based on a hype (Not all hype a bad one I mean) is good things. Long-term hodl always deliver.
Buying just because prices are going down is not a very good idea you could be buying for a long time and waiting for a break even.
ya if that's the case, i really make a choice to build some rig rather than buying some coins for a long time. but we don't know how much money he talked about. and generally, i agree with him to buy in low price for every coins that have a good future. Am I insane? any suggestions?
you did good buddy,, smart people bought X or Y coin during the drop but, only Litecoin? why didn't you buy another crypto? always try to diversify your portfolio, you should've taken the opportunity to buy some others coins as the entire market was on sale (or still is).But LTC is all right, I believe it's one of the best alts to hold for the long-term.
Buying just because prices are going down is not a very good idea you could be buying for a long time and waiting for a break even.
Is a good strategy. Now when you are done with the buying wait till the price come and pass where you started buying , and you can resell to make more profit. It will take few months for the price to make a come back.
You are doing the right thing by investing in the currency you believe in. Dont be a quick seller and wait for the right moment for LTC to rise up. LTC sure is a potential coin and it is definitely a great alternative to BTC. A few months ago when the BTC network was congested people were making transactions through LTC and that is what made a spike in it's price. Buying it when it dips is a good thing you are doing. LTC will surely rise up in the future. Make sure you sell some when the price is reasonable and to take away with your profits.
Am I insane? any suggestions?
You are using your brain well. That's not a bad decision but I agree it can be even better when you use dollar in buying. This does not only apply to litecoin but to all good coins. Good coins for me are those with active team, huge community and great plans.I am also doing it to some altcoins and it had gave me good profits atm.
Prices are unpredictable as they always been, I don't see any kind of news to believe the price will rise at any near future.
ltc is nice. keep buying
That is a very very good decision bro.
Because litecoin has prove to be one of the most stable vertual currencies out there and aims to provide a faster, more efficient payments system than bitcoin,which has its value considered more as an investment than a currency.
Litecoin is still up and one of the best performing cryptocurrencies of 2017.
Because litecoin has prove to be one of the most stable vertual currencies out there and aims to provide a faster, more efficient payments system than bitcoin,which has its value considered more as an investment than a currency.
Litecoin is still up and one of the best performing cryptocurrencies of 2017.
I think this is our time to buy all the coins that are falling in price that we think is good and have a good future. After that we hold and wait for the right time to resell it at high price. I was do it and we can do it! Don't miss it!
Do your best for the best results
Do your best for the best results
Thats what i am doing with the solid alts yesterday at the dip,i keep buying solid coins just wait for few hours you will get instant money.
If you plan to hodl your litecoins for long term yes it is a good choice to buy litecoin. But litecoin already went up too much. It should be between $200-$300 level for a while. I still hodl litecoin and I like this coin.
If you pay for it with BTC you should wait some more time till next phase start... When btc will raise all altcoins can dump even more than now. If you pay with USD - you are really good 
Not sure, we might still see this slightly but even during this massive altcrash BTC dominance hasn't touched 40%. Even now while I'm writing this and the whole market is once again in the green, BTC dominance slipped back down again to 34% from its previous high of 38%.
Seems like BTC is king but its dukes, lords, ministers and mayors are gaining traction in favor of the people(market).
If you have a good amount of LTC! Just hold THAT coin and don’t sell it. It’ll recover super quick.
Everyone has his own plan and strategy. I hope you can earn 
Am I insane? any suggestions?
you did good buddy,, smart people bought X or Y coin during the drop but, only Litecoin? why didn't you buy another crypto? always try to diversify your portfolio, you should've taken the opportunity to buy some others coins as the entire market was on sale (or still is).But LTC is all right, I believe it's one of the best alts to hold for the long-term.
You are doing good,LTC is a solid coin it can recover fast in the dips like this,im doing the same thing as my coins are dipping too much for me its the perfect time to get some cheap solid coins,the market now is starting to recover surely will get a quick profits from the dip,happy trading.
I would keep doing it and also pick some ITC up as well. Known as the IOTA of china. https://iotchain.io/
Jump to: