Pages:
Author

Topic: Big loss - page 3. (Read 3910 times)

hero member
Activity: 826
Merit: 500
July 06, 2014, 07:50:41 PM
#46
LTC is dead as far as development goes. It has done almost nothing to distinguish itself from Bitcoin, so I consider it a shitcoin.
sr. member
Activity: 644
Merit: 260
July 06, 2014, 07:36:08 PM
#45
SELL before it reaches 1$ or below!
This is just FUD.

I don't think that LTC or any other altcoin for that matter has any real, long term value. It may be profitable to trade LTC over the short run, but there is nothing that you can do with it other then sell it for bitcoin
hero member
Activity: 714
Merit: 500
July 06, 2014, 07:03:15 PM
#44
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 $50, 2 months later.  Cryptocurrencies are not for the weak of heart and those that can't sit on their hands.
sr. member
Activity: 252
Merit: 250
July 06, 2014, 06:31:33 PM
#43
7$ longterm supportline for ltc now. Bounced back two times from that now. Make some TA. If LTC doesn't make it, none of the altcoins will. That won't happen of course.
It's all pretty oversold right now. LTC could be manipulated downwards, we don't know. Looks like a good point to buy some right now.
hero member
Activity: 504
Merit: 500
Moderator
July 06, 2014, 02:10:52 PM
#42
LTC is BETAMAX . BTC is VHS. Do the math. Game over!
sr. member
Activity: 364
Merit: 250
July 06, 2014, 01:45:49 PM
#41
Don't sell, litecoin is one of the best coins with a strong community. It's still the #2 coin, why sell at a huge loss. When BTC value increases ltc might also increase.
member
Activity: 109
Merit: 35
July 06, 2014, 01:40:39 PM
#40
Personally, I wouldn't do anything drastic such as offloading all your LTC because the price has suddenly dropped a bit - however tempting it may be. If Bitcoin suddenly gained value like it did at the back end of last year, then Litecoin will follow suit; its price rose from $2 to $40+ in just a few weeks.

Sure, the value has nosedived over the last few days but a lot of this could stem from a serious bag holder/whale selling massive quantities at stupidly low prices, triggering panic.

Don't forget that a lot of people have invested a lot of money in hardware to mine Scrypt currencies and there will be a serious community of people out there who have interests in keeping Litecoin alive for this very reason.

It may take a while to recoup your initial investment but in the crypto world, Litecoin is still silver and Bitcoin is still gold. Nothing else comes even close in terms of market value, so just bide your time and hang on in there.



sr. member
Activity: 266
Merit: 250
July 06, 2014, 01:10:04 PM
#39
From Litecoin to Darkcoin. LOL  Grin

Good luck to you my friend, you're gonna need it.
newbie
Activity: 35
Merit: 0
July 06, 2014, 01:04:55 PM
#38
i am new to crypto, and i have been doing some short term trading.

im now putting money in bitcoin and a few altcoins i see with potential in the future.

from what ive noticed, it seems that a mass of the new coins are get-rich-quick schemes which sucks for those on the bottom (the losers of it)

you really have to be smart with the new coins, and be in-the-know

as for litecoin, i dont know enough but it seems like a solid coin to keep in the long term, considering it is the source of scrypt offsprings, and it's support/developmnent and use along with bitcoin

i put a lot of my litecoin i bought higher- into bitcoin hoping bitcoin itself will boom at some point..  i dont really see what can kill btc in the near future.
but who knows

i have my eye on monero personally, it seems like it has potential to simply go up in value due to the fact that it is unique, probably, is more advanced - (the devs seem to know theyre doing) - does not have an official graphical wallet, yet being traded high volumes
hero member
Activity: 504
Merit: 500
Moderator
July 06, 2014, 09:02:01 AM
#37
SELL before it reaches 1$ or below!
sr. member
Activity: 261
Merit: 250
July 06, 2014, 08:58:21 AM
#36
Don't follow these advices, check the charts and wait for the next rally.

When a rally comes, set a sell price and get back what you invested. Then, when its's advantageous switch some in bitcoin.

But, if you sell now you might regret it. 11$ wont be hard to pass through, think about people who bought at 20$+.

We've seen this quite a few times, selling now will make you regret it.

Of course this is only my opinion.
hero member
Activity: 826
Merit: 500
July 06, 2014, 08:57:40 AM
#35
Hold - forget your cryptos for 5 years - profit.
newbie
Activity: 18
Merit: 0
July 06, 2014, 08:51:27 AM
#34
Sell your LTC

buy BTC hold till next year

Cheesy
legendary
Activity: 914
Merit: 1001
July 06, 2014, 07:51:26 AM
#33
if you can afford to lose the money, and you are confident that it will rise again, keep it. why would you invest $2k without knowing anything? why would you ask on a public internet forum for advise? you will most likely get those answers:

1. ltc bagholders will tell you it will rise soon (just read this thread: https://litecointalk.org/index.php?topic=11136.0 it's hilarious, they are talking about $100+ Cheesy) - all they want is your money to secure their investment Tongue
2. other altcoin bagholders will try to convince you to sell, and invest in their coin. reason: see above.
3. hardcore btc ppl: will tell you that every alt coin is just bullshit, and only btc is worth investing

you see, you will get different answers depending on the person you sk. they will most likely just answer in their favor Wink My advise is: never take an advice from a stranger. if you are unsure how to invest your money, don't invest at all (at least not in crypto's).

regarding ltc: i think it will go down a lot more. more and more (early) investors cashing out (check marketcap: -$60M in a week), and ASICS are raping the coin hard (well, bagholders will tell you they just secure the network Cheesy). at the end of the day, it's your money, and only you are responsible for it.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
July 06, 2014, 07:40:06 AM
#32
keep it, i made all the way up from 2 - 45 USD Cheesy (with alot of swings).

when there is more money in the market (etf, more people) , Litecoin will rise again. its the second best altcoin out there. silver wont die and even Andreas A. has some  Cheesy


@ smoothie

100%  Wink
newbie
Activity: 4
Merit: 0
July 06, 2014, 07:16:54 AM
#31
I think no one can answer this question.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
July 06, 2014, 06:20:53 AM
#30
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

Since when is the litecoin association in charge of making sure price restores confidence?

Oh wait I forget they have a fiat printing machine that is legal and when the prices go down they just print and pump it up more.

lol
legendary
Activity: 1596
Merit: 1061
Smile
July 06, 2014, 05:20:56 AM
#29
Thats not a big loss.  Smiley

Just hold. It will recover. Whatever you do, dont buy darkcoin.

hold

just speculating
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
July 06, 2014, 04:33:48 AM
#28
my advice is to take advice from people on this forum.
sr. member
Activity: 490
Merit: 250
July 06, 2014, 04:17:49 AM
#27
hold

only sell when high

my speculation

It's going to be hard to sell high when the price clearly isn't going anywhere near $12 again. Cut your losses and buy NXT. You won't regret it
Pages:
Jump to: