I spent $5000 on lite coin and it's down! What's making it go down?

Buy high sell low.

once you got in--some got out---think "ponzi"

So you bought in at the peak....didn't listen for the past 2 weeks as people said it would go up in value and then waited...waited...waited...until it peaked and then bought?

And now that people are cashing out and taking a 300%-500% profit, now you'r wondering why it's going down?

financial or medical advice on GLP?

Thread: To the person who recommended pouring gasoline on my athlete's foot... FUCK YOU!

Whats making it (and any of the others including Bitcoin) go UP? is the question

Please stop using words you don't really understand.

dude, i lost a fortune i should be 15K up, from my original purchase of 50 LTC in May... I ROYALLY FUCKED IT ALL UP, by pissing around with it taking it in and out, sell it, rebuying it trying to day trade.. do yourself a huge favor, dont touch or look at your LTC for at least 6 months, ideally a year. its not the stock market, you cant make money trading its orders of magnitude more bullish.. expect a 4000% gain by next xmas....

Looking at it day by day is bordering on ridiculous. I have learnt my expensive lesson. You are very late to the game by the way, but good for you finally investing. If you think LTC is a good thing and has a future, then put the money in and leave it for a bright future. Put it aside forget about it and get on with your life. Don't spend your time thinking about it and hoping it will make money.. it might do it might not.

It's worthless-backed by nothing and that electronic ink will be gone with one stroke of a key.

A.I.
That's enough for me to stay the hell away. It's a tarp.

You obviously have not been paying attention to the Nibiru threads.

HAHAHAAHAHAHA

When NibiruTARDS say the mystery Planet X is high in the sky, this exerts pressure on
LiteCoin, causing the price to fall.

Get with the program or cash it all in, take your losses, and move on.

That's a lot of money to be blowing on illusory tangibility.

want to know what trading on GDAX does for you? i had 50 LTC now i have only 6.

You will be no different. It's a lie that you can trade to gain, unless you are a professional and lucky margin trader(borrowing money/gambling).

It jus went up like 300% in 2 days. If you bought at the top you are going to have to wait a week or maybe two for it to push up again. Litecoin like pretty much all of these go up in huge spirts with price corrections after each spirt followed by a lul where the price remains steady and then out of nowhere it starts to launch again.

You should have bought a monster box of silver.

Supply / Demand

It's as simple as that.

People who dismiss it as illusory money or intangible, or based on no intrinsic value, all hot air etc, they are forgetting that all FIAT is based on the same principle and can fall apart just like in Venezuela or Zimbabwe or during war time Germany etc.

Because it's always going to go up and down.
You people that get in and expect it to be a one way elevator to the moon are silly.


Just put in what you can afford,don't break the bank.
Leave it in for at least a year,and quit obsessing about the inevitable ups and downs.You may be very surprised how much it's went up if you give it a half year or more.


Just accept the reality that what you put into crypto's might be gone forever.People who put their mortages and complete life savings into crypto's are morons.

FTFY

If litecoin doubles one more time I'll be just over $100,000 in profit. Will probably cash out at $600,000 if it gets there. After that I'd rather take the cash and know I walked away then risk it all.

But I say that now, when I get there I'll probably be thinking shit one more double up and it goes from $600,000 to $1,200,000. But you got to walk away at some point

True, but then again it is less tangible and more assessable - especially to hackers.

Why? No confidence it's a legit currency? Major vendors are just starting to accept bitcoin right now or plan to. Which actually makes no sense given that bitcoin's transactions are super slow and costly.

Litecoin on the other hand solves these problems. Fast and very very small transaction fees. Once cryptos become more mainstream and realize Litecoin is the way to go to do business transactions watch out. It's to the moon and here to stay.


You aren't at the casino. Cryptos are the future.

Is it true that coinbase doesn't let actually own a coin? I'm trying to transfer the coins to a secure wallet but I dont see the option

I bought about 46k worth of LTC this morning and I'm not worried one bit. The reason why I'm not worried is because LTC got pumped up now people are cashing out and pumping up ETH. LTC will probably get the next round of pumping so be prepared.

But you get the chance of making a LOT of the slightly less intangible paper money dont you.... Think about it.. its a no brainer.

You can send coins through coinbase.

give it a year or two you might not even want to cash out into FIAT currency.. you might keep it in a digital wallet, and actually spend it as a currency on websites like Ebay, Amazon, etc presuming they gradually start to accept it.

Can't argue with that logic. lol

Come on now. You don't even need luck in this market. You need patience. Looks like OP may be lacking in that department. All you have to do is wait. Some people can't handle it, but that's all it takes.

Dude Your just a fucking moron. Look at the long term graph and that should just tell You all You need to know. If you sold early it's on You. I also lost a shit ton of money due to the Chinese FUD but I threw in some more money and now I hold. You never sell at a loss because according to our tax laws if You loose 50k in crypto then gain 50k and break even You still owe 47K in taxes.

greed.





reality.


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