Bitcoin Forum

Hi experts,

recently i purchased ETH @ 345usd--10coins,LTH @ 86USD--2000 coins. i suppose to purchase it at low price but i purchased it at their max rate..now this two coins are going down..can any one please suggest me what i have to do..either i can sale it for lose and buy again or wait for the inc..

itc ETH and LTC not LTH

Congrats on your crypto currency venture! Just a little correction, it's ETH and LTC. Crypto currency market is on rise and the market cap is increasing constantly. So have patience and look at the long term goal. You have purchased coins in bulk so I am sure you will have a long term goal. The current decrease in price is a normal market dynamics and nothing else. It will increase again so have patience.

I always recommend SIP method for crypto coin purchasing. You can purchase small amounts of coins at a certain interval. It will average out the overall price. This method will increase the profitability. However, for now, don't panic and have patience, the market will rebound!

Thanks you..

LTC is an old altcoin ,, persist until you get profit is better than having to sell it now. and you also do not have to worry about holding ETH, as you can see for yourself, many ICO providers are using ETH as their token base. everything will be back to normal, patient for your benefit.

So you bought 98% LTC and 2% ETH and nothing else? Interesting portfolio allocation.

Be patience dude. Look at bitcoin 3 4 years back in the day. It was a nothing, not a big deal to user but now look at its price and its impact. If you buy that much amount, that is good for you. It;s a wise decision of you to do that because i think those 3 of digital currency will bring us profit. Just hold and calm down to wait for the result. You don't want to regret those two coins like bitcoin.

But the thing is ICO now is in danger, China bans ICO lately and of course, the price recently going down due to this effect especially BTC and ETH, I hope this will not cause too much on BTC price. And don't underestimate LTC, LTC proves us its foundation even its an old coin it just increases recently but decreases shortly with starting this month, so there's a high chance that LTC will bring back that price again. And to OP where did you bought this coins? what exchange you used, better use Bittrex for good.

Just hold your coins and set a high price so you will get much profit.

if you believe the price can still go down, you can sell it and buy back at bottom.
if I was in your position, I would sell ETH
because i think there will be effects of this news: http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3374222/index.html (http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3374222/index.html)


for litecoin I can not give an opinion, because I don't monitor the development of litecoin

Dump both and buy bitcoins. I have heard that the SEC is planning to look into the legality of Ethereum and if it is classified as

a security, then the trade in securities must happen through proper regulated/licenced channels. This will have a significant

affect on Ethereum hoarders. LTC is a much  better investment, because it's effective and similar to Bitcoin in many ways. I

would still invest everything in Bitcoin, if I were you.  ;)