Bitcoin Forum

https://i.imgur.com/l3GHETm.jpg
Jokes aside, I am going into litecoin, after reaching such high increases, I can't miss out on this anymore.

Even if it is second fiddle to the king?

haha the shoes of that viking let him look like a pseudo hobo ;)

Crap, as soon as I put in a couple btc, falls a couple percent. People are saying that its gonna rise soon.

if you play in the investment arena make your homework  :)
Scale in and out lets you handle better the emotions.
Allin is not good for your emotional comfort. I stoped to use it also.
Keep in mind where your target is and where you put your stoploss (if you set one ore better scale out),
this helps to ignore minor fluctuations. If you aim for 300 percent, forget that 3-30 percent minus.
Also use only money you can afford to loose 100%.

greetings

Just looks like it was a small blip on the journey to the moon. At 8.03$ on bitfinex right now, maybe we will break that 0.03 btc/ltc barrier soon?

all countries looking because of greece, china stock, btc problems, the halving, the fact ltc upgrade went smooth, the fact that all the ltc holders are new buyers... the fact that the graphs repeat guys if you are gonna take a chance and do it now its not too late i want you to buy of course

litecoin honestly will reach $40 again if it ever does ever then now is the time these next few months wont happen again and i truely believe it will also stabilize at a high price

its not 1 or 2 things its a bunch of things happening now and the next upcoming months


but most of all people that bought at $1/$2 already sold.. even people at $4/$5

there is an entire marketing team going around in china selling ltc in conferances.. look at all the huge buy order any hate is from people who are mad they didnt get in.. its not too late

Meh, the time to get in is BEFORE the pump.  Good luck and get out in time.

You just copied that from the btc-e spamchatbox didn't you?
ANyways, LTC at 8.6 USD in bitfenix, can only go higher at this point

I have also thought about buying some litecoin and getting in on this pump before it's too late.
What is the reason behind the resent LTC price rise? Could it be people moving from BTC to LTC due to the issues bitcoin is having lately with this (spam) "stress test" be conducted?

I remember that in 2013 I bought my LTC for around 10$. (Wanted to get in at 3$ but back then it took very long to move the money to btc-e)

Same here. Exchanged 100% of my Bitcoin into Litecoin.... I smell profit. Get in now, get out fast enough later and profit.

That's my iPhone 6 case, no bullshit.

http://imgur.com/8FEovQ6

Not really smart if you'd ask me. Litecoin is being pumped, and I predict heavy losses if you go all in once the dump starts, never go all in, rule #1 ;)

May I kindly ask when you think it's going to be dumped? Because I can guarantee you it's not tomorrow or likely any time before China is full montey on the mining game. Think this through: they may holding because they don't need to ROI on millions if they have billions. The implications are amazing.

Imo this is typically FOMO.. You are joining way to late now.. Most profits have been made already.. Although ofcourse, 10-20% a day at the current rate is not bad either ;) But all-in.. Why not do that when it went to 2.1 or 2.8?

I am doing the same, risking only what I can afford to lose. Just because it increased 3x doesnt mean you go all in :p

After big pump and big dump is imminent. I hope it will stay, but I feel it is some manipulation.

I should check if I have some coins in my old litecoin wallet left over  ::) although probably not.

Crypto is not manipulated. Going all in on a 700% pump can't go wrong  ;D

LOL at the greedy fools....LTC was pumped by a group of Chinese miners. They played you fools so well.... ALso the spam attack was done by them. I have to give them a thumb up.


Ladies and Gentlemen, look like we have a new batch of bagholders......


Now you know why shitcoin market is a joke.

good luck mate, just dont inest more than you can lose :D

Did he go all in? Surely not. He is just one of the shills pumping the shit out from Litecoin.

Soon we will see here and other threads the usual shilling nonsense: "the weak hands are selling, that's good" and "thanks for selling into my buy order" and "thanks for the cheap coins, so sweet" and the similar bollocks what are the prerequisite of any P&D.   

You forgot: Surely this is just a correction, it will clearly bounce off of the retracement, and then moon, because waffles.

Sorry, I completely forgot this. So let me update my list please what pathetic shills and delusional wannabe rich users say to keep flowing the money into the action when the inevitable dump is coming:

"the weak hands are selling, that's good" and "thanks for selling into my buy order" and "thanks for the cheap coins, so sweet" and "Surely this is just a correction".

And of course it's going to the Moon ... where else. Oh dear.

There is too risk now.
You have to know the highest rate of ltc/btc is about 0.025, but now is about 0.03. it can't be last.

hehe stupid litecoin. the moon is not buried in the earth's crust.

:D

OP brutally jinxed it lmao, just a friendly tip, don't do it next time ok? Too much euphoria in the Crypto world makes people wanting to sell.

He didn't go all in. He is shilling and assisting the P&D.

I am going all in and here is why: Im greedy. :D
And now that my irational emotions took over my logical me, Im destined to get burned like a dumb noob.  :'(

Gekko was NOT right.

While I was on lunch bitcoin went up by 15$ and LTC dropped by 2$ (25%). Happy I didn't convert its probably just some transient state here. Chance to make big profits and losses, although not particularly good for the network as a whole if there are swings like this.

LTC getting murdered.

Get your cheap LTC! (I jinxed it as well!)

rekt

will go down much lower again! Don't buy now.

Or it might pay off after a period where you're burned heavily "on paper" (mark-to-market.) I'm inclined to all-in myself, but after taking my lumps I figgered that all-in only makes sense for a long-term hold.

It helps if you think of it this way: anyone buying Bitcoin at >$25 around May of 2011 was "burned heavily" for the rest of the year...

Lolol woke up and down almost 30%. Alright after taking out of bitcoin and putting into litecoin, bitcoin raises by more than 10$.
My luck....

I got burned too, but started at 0.008. I still have 180 LTC, waiting for a bounce back (in my dreams)
https://www.tradingview.com/x/oR1jRvxk/

Its already starting to bounce back. It looks like that little crash just gave some buyers some opportunities to re-buy at a lower level. Bar chart looks promising that the price will bounce back up, it better :P

I you are looking for an investment, I'd also say that the price eventually will probably go higher. If you want to trade, you have to be on your toes to take advantage of such swings. Although, if you'd sell all your LTC you alone would probably generate a minor dump trend  ;D
(I am also optimistic as I see potential in LTC, but just because BTC was successful, doesn't mean that all altcoins will.)

There's always a bounce after the initial crash. The only question is if it's the bounce that always happens before it goes lower, or is it simply a correction? It's probably not a good time to buy until that question has been answered.

1.25Mil coins were dumped this morning and LTC is resilient enough to be up 200% this month.

Discuss.

lololololol

tough luck if you invested in ltc.

Lol @ BTC guys stoking each other over a 8% "surge".

I bought 9.5 LTC a while back for $1.8 each and I spend 0.2 BTC yesterday and today in total, but Im still positive about the price(dont really care if it goes down)

OP decided to finally go all-in after 600% increase... and called the top. LMAO.

Classic reacting after the party is over. When you saw Litecoin already so much up, you should have gone for the other coins on Btc-e.

I have a feeling Bitcoin is being artificially held down and in a few months it will explode. Then even $10k might seem like a low price and the 20-30% loss you made now will be irrelevant.

Annnnd it's back down again...

Crap coin anyways trololl

Dont buy the tops in pump and dumps folks.

Either buy during the accumulaiton phase, when its low and unloved and no one is talking about it.
Or buy right away in the early stages of the pump, after the very first breakout. 

If you are late to the party and the price is up hundreds of percent already, you have to resist the urge to FOMO.  That is how they take your money.

I feel like the market knows my brain. BIg red downtrend, then as SOON as I sell it goes up, now its going down again, but tempting me to buy again.

hahahah its not you dude.. its how the market works.. if you are thinking that im sure others are too and the whales are playing you on a string. Herd always gets slaughtered.

Bought back in at 4.4, if this goes down now I am done

Based on your inexperience you should probably stay out until dust is settled but if you like to take risks i would have waited until a confirmation atleast on the hour then get in on pullback (test).

Gonna get out at 4.5 and see how it goes from there on.

may not get there.

You are not new to crypto, can't you see what is going on?

ouuuuuu, such a fail :P

Sold all, did some crap then bought at 4.18. Turning off my 3 browser litecoin tickers and btc-e, and bitfinex tab.
Im done watching this, just bought at 4.18 and letting it happen
Pm me when it hits 8 again, then we party.

Awesome lol ;D

heres your chance to get out at 4.5

Should I get out at 4.5?
Im not sure, I could be pretty even to where I was POST crash.

Well I was expecting something like this after seeing the rise
It's a bit of a shame I wasn't paying attention to the indicators when the price was increasing or I could have made quite a pretty penny but at least I made a few bucks from the shorting.

I would but thats just me. Breaking even is never a bad thing remember you took risk, in a parallel universe you may have made gains instead of breaking even. Its near 4.85 now so your above water anyway. I'd get out at 5 for sure.

4.65 right now, its getting higher.
I think im getting out at 5, this stuff is playing with my mind
However at 5, if it is still going up, I will get out on first downward price.

4.78 right now!
I am definitly holding on, at the same time yesterday, the price was going through the roof, maybe we will get up to where we were.

This post is GOLD, thanks OP for transcribing your mindset.

Should be teached in all trading school.

There is trading school?

weekly candle on btc-e just went green ;-)

So far been lucky in predicting increases and decreases. Going with 10 ltc back and forth, got from 160$ to 190$ in the past hour or so.

did you sell your main (all in) stash at $5? I dont believe you're all in with just 10 LTC are you :P

Got out at 4.6, buy I am going back and forth with 10 LTC, my stash is not just 10, however im just doing small trades and I seem to be doing pretty well.

So, who has made a profit and who lost big with "all in"?

The whole situation looked too good to be true...

Theres usually a rule in trading that goes "if you can't figure out who the sucker is in room it's probably you!"

Good rule, I'll take a note. I'm just happy I was not even in the room, just peeking through the window.

heres your chance to get in at 4.5
lol

Fomo in trading is no joke, it can can be so lovely and joyful but also one cold blooded cruel thing, i think op experienced the latter.

Oh dear I feel for you OP, you brought at the top and 2 days later your all in is worth around 50% less   :-\ Crypto can be a cruel cruel world. Did you manage to sell over 5 and not take so big losses? Hope you did, on the bright side there was people who brought at $40+ 2 years ago and they held their bags ever since or took massive losses that make yours look small.

Oh ya. Its formal name is the "School of Hard Knocks." :P

And fomo is actually the dark secret of bubbles. The old saw about bubbles being driven by "greed" is at best a half-truth. The real fuel of a bubble at its climax is fear of missing out.

That's why bubbles pop so easily. If a lotta folks are driven to buy by fomo, then the bubble market is rising through fear. A lot of the hysterical bulls are secretly fearful. And once the secret fear becomes open fear - once the fomo changes into plain fear - the bubble pops.

Yep: once the thinly-disguised fear becomes open fear, the carnage begins...

nah I was greedy. I heard ltc went to about 6 over night but I set my sell order at 8 just in case. Gonna keep holding

How is our all in investor doing at the price of 3.80?

Anyway the question was purely academic, as I hope nobody believes here that the OP was all in instead of he is a shill who was trying to keep the hype for the pump.

Of course he is holding right now. I mean the message is that holding right now - so the dump can go into the current price.

I don't understand I thought u sold and we're playing with 10ltc now only? So you've been holding since about $4.5 with all in?

I am not actually a shill, I am an extremely retarded investor that caught the bubble too late.
Should of not went in litecoin, learned my lesson tho.

You are so right. Most people don't realize it, but fear is a much more powerful force than greed is.



You're not as dumb as you think. You recognize and can admit to making a mistake. That's more than most people ca do, and it's the only way to become better at anything.

YOLO, just went back in, and I actually made a couple dollars, it seems to be going quite well since then, been only going up. if it hits 5$, or more, I might just get out and forget litecoin.

Yes,

http://www.babypips.com/school

Baby pips is not a formal school! Accredited?

lol i never heard of an old school building where traders get education.
All what i found on my years of self education is, there are only 2 ways to get knowledge.
1. pay a mentor
2. learn by yourself

Some mentors organise seminars, but i would count this not as a school since the seminar is limited to 1-3 days.
Babypips is more for selfeducation with some structure.

greetings

Well that escalated quickly.

I think we all learned the same way that's the point I was trying to make read my original quote

ok,
I just wanted to point to a useful starting point for noobs  :)

greeting

There actually is a program that looks legitimate: https://www.ifta.org/certifications/financial/ I don't know if it's "accredited" in the university sense.

This one offers a "Chartered Market Technician" certificate: https://www.mta.org/eweb/dynamicpage.aspx?webcode=chartered-market-technician It's "accredited" enough to rate an entry in Wikipedia (https://en.wikipedia.org/wiki/Chartered_Market_Technician).

Litecoin is now over 5$, currently at around 5.2
If you wanted to get out at 5$, now's your chance but I think we will reach 6 in the next 24 hours.

yes i heard about that too.
In my opinion these Certificates can't be compared to a bachelor or master degree.
Consider the Pirce what it costs to finish a bachelor vs these certificates.
You can compare them with Certificates like in the IT-Industry similar too Microsoft MSCE (or better)
https://en.wikipedia.org/wiki/Professional_certification_%28computer_technology%29

Bitcoin hit 311, that is having a positive effect on the litecoin price, because to get fiat you got to go through btc first, and if btc is higher you get more money for your litecoins.
Litecoin sitting at the 5.2 mark

So what is your plan? Getting excited about litecoin again or are you leaving to join at the top of the next peak again? :p

I am getting off at the top, but that will probably be around 7 or 8$
I wont make the mistake of being greedy and trying to go higher like last time.

Look at the chart. We won't be going higher then $6.

I think we are going higher. We are currently at about the highest we have been in the last 24 hours, I think it will rise more.

Going higher is only good if the level can be maintained. If it is just a pump, it is no use for the network. Also, it seems a bit more stable now. Maybe folks who got in at 6$ are not willing to get out now as they are expecting some return and not losses.

Cant with for Litecoin to reach the $10 mark. Just holding them off until I'm ready to sell high.

At 5.16 right now.
Still trying to figure out if I should sell and be safe, or keep going to attempt to regain my money back

Are you new at this, or just have zero patience? Lol. Funny either way. ;)

He def is very straight fwd it's a good trait to have as ignorance leads to losses in trading.