Hold your LTC... $30 and beyond will almost certainly happen again, unless all cryptos go to the ground, in which case diversifying won't help you.
This, is from someone that held a big chunk of LTC all the way down from $4+ to under $1.70... Sure, I sold some during the last bubble, but I am still strongly long litecoin. This is a long game - LTC has the backing and technicals to go far. And crypto isn't going anywhere. Hold and be strong.
Topic: Is anyone still holding LITECOIN? (LTC) - page 2. (Read 2128 times)
For those telling me to diversify, I have diversified into other ALTs as well... I'm holding on to 3 other ALT coins and every single one of them made me lose money. Honestly if I did it over again I would just hold on to my BTC, everything else seems like a gamble or maybe I just have terrible luck.
I'm really hoping I can at least get my investment back from LTC... but LTC hitting 30 again seems almost out of reach
Yes but were there as many other Alts that were a threat to LTC? Were the dev teams a lot more committed and active back then?
I'm really hoping I can at least get my investment back from LTC... but LTC hitting 30 again seems almost out of reach
I hold 7100 LTC. These panicking posts happen every time there is a crash. I remember when LTC went from 2.50 to 1.70 and people thought it was the end of the world regretting holding LTC thinking it was going to a dime again.
Yes but were there as many other Alts that were a threat to LTC? Were the dev teams a lot more committed and active back then?
We are only talking a few months ago and yes there were just as many cap coins as there were strongly developed coins.
You should always scale into a position, never buy the whole position at once. Just speaking for myself, I usually figure out how much should coin abc is of my portfolio and then scale into it over a few weeks. Since many of these cryptocurrencies are in infancy, you can use the volatility to your advantage and get better prices or buy into garbage created panics like that created by the trashcan known as Mt Gox.
I hold about 10% of LTC in my crypto portfolio (with 60% in BTC and the rest spread out in other altcoins), so yes I do feel LTC has potential. It has the best network after BTC and good support from merchants.
Diversify though ... a little bit at least, so you can ride out the volatility.
Diversify though ... a little bit at least, so you can ride out the volatility.
For those telling me to diversify, I have diversified into other ALTs as well... I'm holding on to 3 other ALT coins and every single one of them made me lose money. Honestly if I did it over again I would just hold on to my BTC, everything else seems like a gamble or maybe I just have terrible luck.
I'm really hoping I can at least get my investment back from LTC... but LTC hitting 30 again seems almost out of reach
Yes but were there as many other Alts that were a threat to LTC? Were the dev teams a lot more committed and active back then?
I'm really hoping I can at least get my investment back from LTC... but LTC hitting 30 again seems almost out of reach
I hold 7100 LTC. These panicking posts happen every time there is a crash. I remember when LTC went from 2.50 to 1.70 and people thought it was the end of the world regretting holding LTC thinking it was going to a dime again.
Yes but were there as many other Alts that were a threat to LTC? Were the dev teams a lot more committed and active back then?
Absolutely... Litecoin is the strongest network next to BTC, with the best history, strong core dev team, and the most potential. If you are a crypto investor not holding LTC, you are crazy.
Trust in a system storing value is largely based around history. A new coin simply can never beat LTC's history, due to the mechanics of time.
As for ASICs, it looks like the future there is bright. ASICs are coming for scrypt, yes. But they look to be only an incremental advancement that will not completely invalidate GPUs like we saw with BTC. Certainly, ASIC equipment will be developed for any crypto that becomes valuable enough, but scrypt remains resistant to these advanced. Point in case - you can still mine LTC with a bank of CPUs. Certainly not true with SHA once GPUs came onboard. The same will go for ASICs and GPUs, and later generation ASICs.
Trust in a system storing value is largely based around history. A new coin simply can never beat LTC's history, due to the mechanics of time.
As for ASICs, it looks like the future there is bright. ASICs are coming for scrypt, yes. But they look to be only an incremental advancement that will not completely invalidate GPUs like we saw with BTC. Certainly, ASIC equipment will be developed for any crypto that becomes valuable enough, but scrypt remains resistant to these advanced. Point in case - you can still mine LTC with a bank of CPUs. Certainly not true with SHA once GPUs came onboard. The same will go for ASICs and GPUs, and later generation ASICs.
now is good time to buy i think
A lot of my clients hold LTC in massive amounts, i was very much surprised.
It seems that most LTC holders believe they are the next to be a part of the next bitcoin boom.
In reality, this is very much true. But, if your holding thousands of LTC i suggest disbursing them a bit, expand your portfolio. There are other high-end Alt-coins competing against LTC now. It's not a one way path like BTC had.
It seems that most LTC holders believe they are the next to be a part of the next bitcoin boom.
In reality, this is very much true. But, if your holding thousands of LTC i suggest disbursing them a bit, expand your portfolio. There are other high-end Alt-coins competing against LTC now. It's not a one way path like BTC had.
I hold 7100 LTC. These panicking posts happen every time there is a crash. I remember when LTC went from 2.50 to 1.70 and people thought it was the end of the world regretting holding LTC thinking it was going to a dime again.
I agree, you need to diversify.
You shouldn't rely on a single coin to carry you through rough times.
The only coin you should really be holding on tight should be BTC.
You shouldn't rely on a single coin to carry you through rough times.
The only coin you should really be holding on tight should be BTC.
I am holding way too many at this point, and I bought in at $30 stubbornly waiting for the price to go back to $30 since..
Now as each day passes I am getting more and more skeptical of that ever happening. From what I understand, the reason LTC is so popular is because it was one of the first ALT coins we had and it used scrypt algo to shield itself from ASIC mining..... now we know that LTC is not safe from ASIC mining, and coins like VTC pretty much do what LTC was meant to do and are a major threat to LTC. Are the devs for LTC even active or working on new developments/features? Are there any plans to further LTC's adoption?
I guess I just want to see if there is any hope for this coin, and if I'm a fool for still holding on to this coin.
Please respond
Now as each day passes I am getting more and more skeptical of that ever happening. From what I understand, the reason LTC is so popular is because it was one of the first ALT coins we had and it used scrypt algo to shield itself from ASIC mining..... now we know that LTC is not safe from ASIC mining, and coins like VTC pretty much do what LTC was meant to do and are a major threat to LTC. Are the devs for LTC even active or working on new developments/features? Are there any plans to further LTC's adoption?
I guess I just want to see if there is any hope for this coin, and if I'm a fool for still holding on to this coin.
Please respond
To be a Bitcoin (or insert cryptocoin name here) investor requires balls of steel. No one has ever made any money by buying high and selling low.
My advice to you:
1. Diversify your portfolio
2. Be patient
I am holding way too many at this point, and I bought in at $30 stubbornly waiting for the price to go back to $30 since..
Now as each day passes I am getting more and more skeptical of that ever happening. From what I understand, the reason LTC is so popular is because it was one of the first ALT coins we had and it used scrypt algo to shield itself from ASIC mining..... now we know that LTC is not safe from ASIC mining, and coins like VTC pretty much do what LTC was meant to do and are a major threat to LTC. Are the devs for LTC even active or working on new developments/features? Are there any plans to further LTC's adoption?
I guess I just want to see if there is any hope for this coin, and if I'm a fool for still holding on to this coin.
Please respond
Now as each day passes I am getting more and more skeptical of that ever happening. From what I understand, the reason LTC is so popular is because it was one of the first ALT coins we had and it used scrypt algo to shield itself from ASIC mining..... now we know that LTC is not safe from ASIC mining, and coins like VTC pretty much do what LTC was meant to do and are a major threat to LTC. Are the devs for LTC even active or working on new developments/features? Are there any plans to further LTC's adoption?
I guess I just want to see if there is any hope for this coin, and if I'm a fool for still holding on to this coin.
Please respond
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