Bitcoin Forum

i bought 2000$ litecoins at 11.8$ , 2 months ago   :-[
please advise me sell it or wait ? or change it with darkcoin or what ? ???

I don't think anyone can predict the future price of litecoin but it has been dying a slow death for awhile. Bitcoin is the only coin worth investing in long term imo.

No one can give you a exact answer to this.  It all has risk's.  I hope to see litecoin go back up, but timeline is hard to say.

first of all its not big. second, when you invest, you should base it on enough knowledge about what you are investing into. its all experimental markets - invest what you afford to lose. you might down short term, but think of the financial abbys we are facing these days. what do you think the masses are going to do once the system crumbles. relax.

it's gonna have a crazy insane pump at some point. could take a long time. i would just hold and pray for it.

i've seen some charts on Tradingview where many seem to think it's gonna rally HUGE. not sure though. scared to put money in.

It seems to be languishing. A few months ago everyone was saying it is the next big thing. Did NXT take some market share?

Doenst the alt exchange help you?

Or the coinpoolz shows on the prices on all alt coins.

That stinks. It's always possible that the value will go back up, but Litecoin (like Dogecoin and a lot of formerly good coins) isn't looking so hot.

I'd say sell, I don't think it's going up in very near future, If you had invested in bitcoin then you'd have already made a profit but its still not late, sell and buy bitcoin.

LTC prices have been following BTC prices very closely until recently when BTC shot up but LTC continued to slide down the charts. It's still at number 2, but it seems that many of the older established altcoins (Peercoin, Litecoin, Namecoin, even Dogecoin) aren't doing so well these days.

I have 1 LTC that I bought at ~$11 so it's not a huge loss for me. I would love to see LTC jump back up, but I wouldn't be too surprised if another coin like NXT reached that #2 position within a year.

The reason for this is because there is no real use for the majority of the alt coins (with the exception of namecoin).

The reason that bitcoin has value is because it is a secure method to pay for things. The Bitcoin network is very secure and there are actual things you can buy bitcoin with that are not bitcoin related. For the most part the only thing you can buy with altcoins is bitcoin. You can get a domain with namecoin but the cost to get a domain on godaddy or other domain registration service for very little fiat.

ouch, that's gotta hurt. :-\

To be honest that's not a huge loss.  There are many real world stocks that do worse in a shorter time span.  Some peolpe bought LTC at $48, they have a huge loss.

Either sell it, sell partially, or wait for Coinbase to pick it up and it should rocket back up.

Trading volume indicates it's still used as a currency opposed to all other alts.

not sure about Coinbase, but from a historical/TA perspective, there will be a big bounce/pump. who know when, though.

Do not panic sell please. Trade it or use it but dont sell it at this price you will regret it at 20$ :)

I don't see the point of selling at a loss right now. Just hold onto them and I'm sure they'll see a rise sometime soon. They'll probably have a spike the next time Bitcoin does.

There are no guarantees, but I tend to think it will go down like it did November 2013. Everyone was talking about LTC's death back then too (and all the alts for that matter). Then BOOM, they all outperformed BTC by huge margins near the top of the bubble.

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

Very difficult but maybe your idea to move to darkcoin is smarter
It's at low people scared after darksend bug
But strong and developing with a nice future may be worth a risk that or diversify holdings / dollar cost average litecoin down again/ cheaper entry cost.

Ummm, no. Not sure that is such sound advice. I know there are a lot of trapped DRK holders that would love for more buyers (;)), but DRK is a pretty dangerous buy. Bottom fishing at this point, could find some bounces, but it looks like it could fall a lot further.

Sell and get out. The alt coins are different to bitcoin, I don't see any reason why litecoin will increase in value again. It has had its time.

Maybe your right was reading darkcoin news just feels like it relates to OP's predicament.
Says 30 D low
http://www.cryptocoinsnews.com/news/darkcoin-price-falls-30-day-low-peercoin-briefly-rises-4/2014/07/05

Darkcoin and Peercoin Metric Analysis

The consistent fall of the Darkcoin price should trouble investors who bought in at prices close to double its present value. However, DarkSend development continues to move forward, and Darkcoin boasts strength in several key areas, including developer involvement and market liquidity. CoinGecko, a cryptocurrency market analysis site that measures a number of factors to determine the strength of a coin, still ranks Darkcoin’s metric score fourth, behind only Bitcoin, Dogecoin, and Litecoin. Peercoin, in contrast, sits in eleventh place due to its low liquidity levels (relative to the other major coins). Darkcoin investors should hesitate to prematurely sell their holdings.

Hey, just remember, people were saying the exact same thing when it was hitting sub-.01 levels last year. While it could tumble down some more to be sure, I would say it's pretty dangerous to short at this point.

hold

only sell when high

my speculation

Thats not a big loss.  :)

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

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

my advice is to take advice from people on this forum.

hold

just speculating

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

I think no one can answer this question.

keep it, i made all the way up from 2 - 45 USD :D (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  :D


@ smoothie

100%  ;)

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+ :D) - all they want is your money to secure their investment :P
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 ;) 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 :D). at the end of the day, it's your money, and only you are responsible for it.

Sell your LTC

buy BTC hold till next year

:D

Hold - forget your cryptos for 5 years - profit.

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.

SELL before it reaches 1$ or below!

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

From Litecoin to Darkcoin. LOL  ;D

Good luck to you my friend, you're gonna need it.

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.

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.

LTC is BETAMAX . BTC is VHS. Do the math. Game over!

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.

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.

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

LTC is dead as far as development goes. It has done almost nothing to distinguish itself from Bitcoin, so I consider it a shitcoin.

BTC is also not that innovative jeeez  ::)

innovation is really not everything. I start calling you guys innovation-sissies soon.

BTC is already so innovative 99% of the people do not understand it.

When investing in alts look for community and devs - that's where it's at. LTC has strong community. That's not going away.
Coblee was also very good with promotion.

You'll be drowning in piles of innovative coins that got nowhere. Mark my words innovation-sissie ;)

Innovation means one thing: bugs
Bitcoin itself is beta still. People will value security over innovation when it comes to money.

Potential 51% attack scares seemingly every week sounds like real good security to me..
Ltc is drowning and anyone with a half a brain will get their money out and invest it in something awesome like NXT :D

a big thing i found out in the btc-e trollbox

when they yell sell do the opposite and buy

when they yell buy do the opposite and sell

when they yell hold ?

do some research and make the best decision for you


read this https://bitcointalk.org/index.php?topic=514544.0 (https://bitcointalk.org/index.php?topic=514544.0), I believe it essential for any investing

take half your money put it in Peercoin.

I wish I did this a year ago. I would have been much better of.


NXT, Peercoin and maybe NEM will be the beneficiaries of LTC outflow.

NXT has a lot of functions

Peercoin unlike LTC actually has other things being developed for it, and tone of the community also sets it apart from every other crypto.

PeerCoin also has no competitor. Largely becuase 99.999999% of crypto people don't get it or wher the real money/value is, they are all LTC on GOX btc on Amazon

Be happy you didn't pay $15 like I did, I invested just over $1200 so I feel your pain.

I'm just going to hold out that it will rally and I'll turn a profit down the road. Could take months, years, who knows.

Hopefully the $2 grand is something you can risk losing.

its not like he lost the 2 grand. like 35-40 % of it. Cash out. let it tank even more maybe buy again later. Maybe start momentum trading with other alt coins to makeup for some loss. I dont see litecoin having a surge anytime soon, so instead of hold and forget about it, let it tank and buy back again when you feel like its hit rock bottom. Its been declining daily steadily. Anyways BIG Loss , loll , chump change fellow chump change.

It's still 8 dollars and some
Seems like a good opportunity for its potential up range stock and investing wise

Too bad they all yell everything at once then.

general rule of thumb: buy when fud is strong and sell the newparadigm-euphoria
Took me some time to find out.
It goes to the moon before it has aids and vice versa.
sell moon, buy aids  ;)

i would say, wait is the safer way

What's the point of holding LTC?  If you think it will go up the next time bitcoin goes up you might as well trade it for bitcoin.  If you think it's going to keep sliding down the next time bitcoin goes up you should definitely trade it for bitcoin.  What's the benefit to being stuck with LTC?  Just so you can say you have 100 LTC instead of 2 BTC?

Welcome to the world of ASICs and everyone that bought them trying to ROI, all scrypt coins are being bent over and taking it in the ass which is why a lot of scrypt coins are either changing algos or switching to full POS.

Sorry to hear, but altcoins are a huge gamble. I lost quite a bit on a spread of altcoins too, but I was always aware it was a very risky game.

I would say hold it now, its unlikely to go much lower. The upsides are more at this point.

the purpose of trading ltc to btc is to make more coin besides that ltc is more volatile so trading it agains fiat can make even more bank. LTC has the advantage of being more volatile than btc.

The future consists of a world of multiple competing and complementary coins. Different coins offer different strengths. I can't see what Litecoin's USP is personally, but it will be lifted with the rising tide of all crypto come the next big swing upwards.

The loss is not that big. It's only $2000 invested and the price has not yet halved. I guess you should hold and wait for the next pump of all coins.

Just hold, best thing you can do, if you sell and LTC price is going back up again you'll be very unhappy.

LTC is a solid coin, great dev behind it.

LTC has bounced back a lot in the past day or so.

Hopefully the OP listened to the advice of those who'd suggested this might happen, not the dumpers. It would be interesting to see how he's getting on though.

They may have good dvs behind LTC, but it still doesn't add any real features that bitcoin does not already provide to users and bitcoin is many times more secure then LTC is.

The feature LTC offers is a secure blockchain. BTC got a secure blockchain and LTC will have a seperate secure blockchain when the hashrate have increased sufficient. That is were the the value in LTC is and why the value will increase long term. Features can be buildt on a secure blockchains, but are worthless on insecure coins (every other).

hope op didn't sell into the loss

If they both have a secure blockchain then why would you want to deal with the blockchain that is less secure (LTC)? Not only that but bitcoin is much more widely adopted and followed by the press, so any merchant that accept bitcoin would essentially get free advertising while a merchant that accept LTC would not.

Wait, now you allready lost most of it, just don't be panic seller. It will be fine. LTC is going up in the last few days, no worries.

he can sell at loss and enter on another pump at the right time to recover and make some profit, this what i did with one coin once

Think a few years ahead. To be a simple currency will not be the most important function for either BTC og LTC.

Perhaps you could slowly move into a more diverse position.

For example, sell a little LTC each week and move it into other coins.

But on the way there, merchants will have little/no reason to start to accept LTC as BTC works just fine, is more secure and more heavily adopted.

I'd hold.

^_^ yes this is possible, perhaps it will be the critical mass where each coin pushes the others to get stronger
Each one working towards a better coin together.

That is not loss if you do not sale.
Thing is that today you can buy more LTC then you already have.

I would hold,
or if you must have other alts to calm your hands,
you mentioned DRK,
I can suggest you to research this coin, maybe little amount get back to you that 2k$ soon

https://wiki.anoncoin.net/Anoncoin_Wiki


EDIT: I forgot...I buy LTC at 22-24$  : )

i would rather sell now and invest in XMR. But also i would recommend you to do your own research and make your decision.

BTC went through this exact same cycle when the ASIC's hit. 

Everyone rushed in to buy multi 1000$ machines, thinking they would make a killing, instead the difficulty shot through the roof, and they all needed to dump every coin they mined to make their ROI back.  Once things settle down with the ASIC's coming in and forever changing LTC, things should begin to rise again.  Although due to the low value of LTC, and the price of the big ASIC's, I would expect it to be a longer turn-around time for this to occur.   I would hold for the longterm, or sell if you can't handle the idea of waiting a year or more.

Invest in BCN, XMR is just a clone.

Well about litecoin, my advise is to sell it while it is still worth something. There is one little chance if another bubble occurs with BTC the prices of all alts will go up. Better chance is the price going down and down so sell

BCN was premined, XMR is the best atm.

Markets don't care about a premine, only which coin delivers the best result. If BCN builds a complete product before Monero, the premine won't mean anything.

i do care about 82% Premine and a lot of other people too, if you don't care then that's your decision.

Thats what I am doing. I am holding on to the coins for the next pump. If even one coin out of the many pumps several times I will have broken even. I would rather risk losing all than kicking myself over lost profits when it rises.

Yes, and the reason for this - crypto-currency *is* the future.

With only 21M bitcoins, if bitcoin is the only crypto-currency, those who have it now will be filthy rich due to the limited supply.

Altcoins get in the way of that greedy dream.

So greedy bitcoin speculators will want you to believe no alt-coin will ever make it.

Truth is most won't, but some have to.

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