Topic: When Litecoin dips really low in price, I am buying a LOT! - page 2. (Read 430 times)
yes I understand what you mean, I personally also added a number of LTC to my wallet, but honestly I used to use LTC only as a necessity, I mean like for transactions. but over time I started using this for long term investment too. I am sure this altcoin has great potential in the future.
LTC is one of the most undervalued coins on the market, in my opinion it has a lot of advantages in front of BTC, especially the transaction speed and transaction costs and the fact that one of the oldest altcoins costs around 70 bucks is very surprising.
the only chance that litecoin had was its halving to get a big pump but since the pump failed at that time and many of those who bought it in the hopes of that pump ended up either losing their money or best case scenario didn't make any profit, they all gave up on LTC.
this means that next time a pump is building up, people may not trust it and may not buy it as enthusiastic as they should be buying it and that means yet another failed pump attempt.
this means that next time a pump is building up, people may not trust it and may not buy it as enthusiastic as they should be buying it and that means yet another failed pump attempt.
It is really risky decision to buy LTC when it dips more because the market is still bearish. The bearish market consists of lower lows and higher lows and the selling pressure is really high so the chances of its price to go down is very high.
Personally, I watched this interesting Litecoin coin for a very long time and every time I wish to buy it. And all the time I put off the purchase of this coin. At first I began to thoroughly analyze the market and then decided to buy some of these coins. And he did it in such a way that this investment would bring me very good profit in the future. I am sure that in the near future this coin will become very stable in this market.
Over the years, Litecoin has been reliable for surging when BTC price pops. Last winter I bought 15 LTC at $30 each, along with many other alt coins. However, I foolishly didn't sell it at $140 a few months later and the price has retreated.
So I'll be ready for the next price cycle. Buy low sell high! When I feel the price has bottomed, I will buy hundreds of LTC.
I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last.
This is something very important that bitcoin enthusiast must come in notice. Too much an expectation will turn out against itself. As we barely see the path a head you may feel as though there would be a huge ride up in the market. But I'm glad you did continue doing your stuff here. Majority would've quit as bull run didn't happen so a while now. On the other hand, regret is a huge factor swallowing up whole those who quit. Thanks for sharing this by the way! So I'll be ready for the next price cycle. Buy low sell high! When I feel the price has bottomed, I will buy hundreds of LTC.
I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last.
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Like me in my wife, it shot its load too soon.
This got me mate!
I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last.
After the last bull run many investors regret not selling because they thought the price would not go down anytime but we're wrong. Not selling when the price is on peak price is a common mistake of an investor so sometimes its better to sell once you see the price is increasing.LTC is a good coin and worth to hold for long period, I already sell my ltc before after seeing an opportunity to take profit. Now im planning to buy again when the price is much cheaper.
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the correct strategy when buying altcoins is to buy them when they are starting to pump instead. which means when you saw the price is starting to rise fast and a big volume is being injected in the market pumping the price up. that is when you should buy.
This strategy is perfect for short-term investments, right? For long-term investment, maybe the right time to buy altcoin is when prices start to fall. Buy and hold for long-term investments and set profit targets. Investment is an activity carried out in the hope of getting a profit. I think the profit target in one type of crypto investment must be determined in advance, because prices are very volatile and high volatility. the correct strategy when buying altcoins is to buy them when they are starting to pump instead. which means when you saw the price is starting to rise fast and a big volume is being injected in the market pumping the price up. that is when you should buy.
Over the years, Litecoin has been reliable for surging when BTC price pops. Last winter I bought 15 LTC at $30 each, along with many other alt coins. However, I foolishly didn't sell it at $140 a few months later and the price has retreated.
So I'll be ready for the next price cycle. Buy low sell high! When I feel the price has bottomed, I will buy hundreds of LTC.
I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last. Like me in my wife, it shot its load too soon.
Lol its always a really good opportunity when big altcoins dip in price, its a good sign for buying, i still hope bitcoin can drop back to 5k all i will gladly put in lots of money, but its advisable to always sell when you see profits and wait again for another price drop So I'll be ready for the next price cycle. Buy low sell high! When I feel the price has bottomed, I will buy hundreds of LTC.
I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last. Like me in my wife, it shot its load too soon.
If I were you, I would sell it for $ 140 and wait again when the price goes down to buy. But basically you do not lose if you sell it right now. So it's better to keep it again until it really matches the desired price. But always remember, if you play short term, then sell when there is profit, but if it's long term, determine how long you will hold it. that's all from me. Don't be too greedy. Goodluck buddy.
if you still hold litecoin with a very large amount like that then there is a very smart choice because the price of liteoin has a very good potential to be able to get a lot of profit when the price of bitcoin rises, the price of litecoin will also follow, litecoin is also a coin legend that still can stand firm until now.
It's a decent idea and has solid reasoning, but you where talking about different times. Previously, ICOs where the hottest thing and when BTC and other altcoins got dumped, they rose back up and the altcoins followed.
Nowadays, altcoins don't care about anything and they don't follow the price movements of Bitcoin now. Look at Ethereum as an example, that thing has been all red in the past months and you need to take all the knowledge you have from trading and throw it out of the window. It's a different time now altcoins might never actually recover.
Nowadays, altcoins don't care about anything and they don't follow the price movements of Bitcoin now. Look at Ethereum as an example, that thing has been all red in the past months and you need to take all the knowledge you have from trading and throw it out of the window. It's a different time now altcoins might never actually recover.
it is a terrible idea and generatlly speaking when it comes to altcoins you should never do something like this, meaning to buy them in their dip. because altcoin drops are different from regular dips in some real legit asset like stocks,... altcoin drops are drops which is 99% of the times their bubble burst and their over all long term dump. which means it is not a dip (aka a drop that is going to reverse) it is a regular drop (drop that is not going to reverse, instead will go down more).
the correct strategy when buying altcoins is to buy them when they are starting to pump instead. which means when you saw the price is starting to rise fast and a big volume is being injected in the market pumping the price up. that is when you should buy.
the correct strategy when buying altcoins is to buy them when they are starting to pump instead. which means when you saw the price is starting to rise fast and a big volume is being injected in the market pumping the price up. that is when you should buy.
Litcoin mining rewards are getting smaller so that the rarity of litcoin will occur but remember that if it is not yet the altcoin season, litcoin will be difficult to ascend. so I thought litcoin would still be able to fall back and I would buy some litcoin when it fell.
I do not understand why people are still shilling Litecoin. For me it is a testnet for Bitcoin, nothing else. Why would you use Litecoin, when you have Lightning Network? Litecoin palns to add privay feature, but Bitcoin can also add this feature. 
Litecoin may have been the most underdog altcoins throughout the years despite being one of the best performers when it comes to crypto winters. Sure there may had been lots of dumps that happened over the course of 2 years, stemming mainly from community division and whatnot, but one cannot deny the fact that LTC has been pretty solid and consistent even with the likes of ETH and DASH taking over the scene.
P.S., last part may have been overshare lol.
P.S., last part may have been overshare lol.
in fact, things like this happen very often, especially for those who have coins who are pumping. yes, we are sometimes fooled by the news that sometimes says "bitcoin will touch the new ATH this year" "altcoin price recovery" and others, so we skip the train just like that.
I think LTC is quite influenced by the price of bitcoin. if you pass the price of $ 140, you need to wait again for now. we are all waiting for the new ATH that can be achieved from the coins we hold. if the price of bitcoin starts to recover at the end of the year, I think it will affect LTC again and you get your chance again.
I think LTC is quite influenced by the price of bitcoin. if you pass the price of $ 140, you need to wait again for now. we are all waiting for the new ATH that can be achieved from the coins we hold. if the price of bitcoin starts to recover at the end of the year, I think it will affect LTC again and you get your chance again.
That is greedy for you, no matter what coin you are holding on right now if you keep that mindset the result will stay the same.
there is no low and high if you do not put the numbers, that is fine if you are holding it again but make sure to set your high to prevent this from happening again.
Litecoin is a legit investment like Ethereum, it will survive this bear market and when the bull starts always remember to not being greedy again and always secure at least half of the profit. And use the rest for holding or waiting for a higher profit.
there is no low and high if you do not put the numbers, that is fine if you are holding it again but make sure to set your high to prevent this from happening again.
Litecoin is a legit investment like Ethereum, it will survive this bear market and when the bull starts always remember to not being greedy again and always secure at least half of the profit. And use the rest for holding or waiting for a higher profit.
Litecoin (LTC) will always be my favorite investment. Talking about the lowest price of LTC so we can buy later and
hold until it reaches the target sell that we want. I think right now almost all coins including LTC have entered a low price
to buy. I also bought LTC recently, and hope that later this year there will be an increase in LTC prices. But as we know LTC
the ascending process is rather slow, but one day it will rise to the top too. All it takes is a high level of confidence and patience.
hold until it reaches the target sell that we want. I think right now almost all coins including LTC have entered a low price
to buy. I also bought LTC recently, and hope that later this year there will be an increase in LTC prices. But as we know LTC
the ascending process is rather slow, but one day it will rise to the top too. All it takes is a high level of confidence and patience.
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I bought 15 LTC at $30 each, along with many other alt coins.
I guess you may not see LTC price will go down at $30 again this time unless there is a big dump on bitcoin, so that will affect all of the altcoins too. Maybe the price will go down below $50, but to get down lower than $40, I am not sure. It is okay if you miss the chance to sell your LTC at $140 because I am sure you will see it in the next bull run. Maybe you need to adjust your buy price, so you don't have to hope to see the LTC price will be at $30 again.
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