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Title: Litecoin is below 5 USD ,what should I do Post by: Nakashima on August 15, 2014, 02:29:19 AM It’s been a while since the dropping, people were talking in this forum ,about the price, the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are :
Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more? Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics? Please try not to spread FUD or giving hope for no reason.Thx. Title: Re: Litecoin is below 5 USD ,what should I do Post by: zhinkk on August 15, 2014, 02:30:47 AM I'm not too familiar with altcoin prices, but do you think litecoin will rise back up as bitcoin rides back up to 600 or maybe 700? Maybe there's hope...
Title: Re: Litecoin is below 5 USD ,what should I do Post by: srt1234 on August 15, 2014, 02:42:16 AM I don't think Sam Cole would mine with this price, ltc price has dropped so much last week.
That said, if big players don't want to mine, it might be a good time for you to mine, as the DIFF will not keep increasing. But the price might plummet under $1... in that case you are definitely screwed, 100%. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Pope G on August 15, 2014, 03:25:52 AM you should get more asic imho
It's less than $20/M now Title: Re: Litecoin is below 5 USD ,what should I do Post by: lemfuture on August 15, 2014, 03:26:43 AM don't sell on loss. look for other investment opportunities at the meantime
Title: Re: Litecoin is below 5 USD ,what should I do Post by: Feneusens on August 15, 2014, 03:53:15 AM Sell it, litecoin is still dropping in the long run to the low of $2...
Title: Re: Litecoin is below 5 USD ,what should I do Post by: juicyjuice87 on August 15, 2014, 04:14:15 AM Sell everything. Buy well established inavative coins like NXT. They actually deliver their promises not just talk about them
Title: Re: Litecoin is below 5 USD ,what should I do Post by: zhinkk on August 15, 2014, 04:17:16 AM Sell everything. Buy well established inavative coins like NXT. They actually deliver their promises not just talk about them If you're talking about being well established wouldn't litecoin win on that though? Title: Re: Litecoin is below 5 USD ,what should I do Post by: Justine on August 15, 2014, 04:18:18 AM LTC has never have any big rally since Dec/Jan.
I won't call the coin dead yet, but its future is not looking bright. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Buratino on August 15, 2014, 04:42:04 AM Convert LTC to NXT/Bitshares/Monero in equal parts.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: devphp on August 15, 2014, 04:52:49 AM Sell LTC,
buy NXT with 80%, split the rest 20% between NEM, Qora, BitsharesX, Dogecoin and Dogeparty. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Oldminer on August 15, 2014, 04:53:07 AM Panic sell
Title: Re: Litecoin is below 5 USD ,what should I do Post by: Keyara on August 15, 2014, 04:55:36 AM The price is already so low. Kind of pointless to sell.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: zhinkk on August 15, 2014, 04:56:16 AM The price is already so low. Kind of pointless to sell. Lol so you're saying it's so low that the coin is now pointless? Title: Re: Litecoin is below 5 USD ,what should I do Post by: devphp on August 15, 2014, 04:57:15 AM The price is already so low. Kind of pointless to sell. If one thinks it will be going even lower, it makes perfect sense to sell. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Nakashima on August 15, 2014, 05:39:03 AM Panic sell I couldn't agree more. Give into the dark side and sell, sell, sell..... ~BCX~ so what will happen after the Panic sell ? Title: Re: Litecoin is below 5 USD ,what should I do Post by: Fraxinus on August 15, 2014, 05:45:40 AM Maybe you should sell it.Noone can tell for sure but I suspect it may continue it's fall for quite some time.
I see most people here think like this as well. ;) Title: Re: Litecoin is below 5 USD ,what should I do Post by: Nakashima on August 15, 2014, 06:22:45 AM Maybe you should sell it.Noone can tell for sure but I suspect it may continue it's fall for quite some time. I see most people here think like this as well. ;) :( I guess you're right, It seems like more and more people are losing faith in alternate,making me even sad just thinking of it Title: Re: Litecoin is below 5 USD ,what should I do Post by: Benjig on August 15, 2014, 06:30:06 AM Well we dont know if it will recover again like back in 2013 but a few things are different now, one of them is that litecoin has many more competitors than in last year.. and now it can be mined by asics so any coin out there with extra features is better.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: boraf on August 15, 2014, 06:37:18 AM I guess Bitpay will accept Litecoin very soon, so at this point I would keep them. Where do you get this information? I thought the litecoin creator is working for coinbase and yet there is no sign that they will process litecoin payment any time soon. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Benjig on August 15, 2014, 06:42:24 AM I guess Bitpay will accept Litecoin very soon, so at this point I would keep them. Where do you get this information? I thought the litecoin creator is working for coinbase and yet there is no sign that they will process litecoin payment any time soon. That are just fuds.. the same was last year with mtgox, and mtgox first got bankrupt than adopting litecoin, i think some exchanges dont see any advantage on litecoin over bitcoin to adopt it, only less time block rewards. Title: Re: Litecoin is below 5 USD ,what should I do Post by: promailer on August 15, 2014, 06:42:48 AM Keep some litecoins and wait for 100$ per 1LTC :) .
Title: Re: Litecoin is below 5 USD ,what should I do Post by: Nakashima on August 15, 2014, 06:48:31 AM The price is already so low. Kind of pointless to sell. I feel the same way,too low too sell and too risk too continue but I can't stop thinking about the bright future I used to believe in Title: Re: Litecoin is below 5 USD ,what should I do Post by: paduser on August 15, 2014, 06:49:01 AM Wait for the rise of BTC. LTC will rise then too like he did the last times.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: Nakashima on August 15, 2014, 06:57:48 AM Wait for the rise of BTC. LTC will rise then too like he did the last times. I had the same faith as you did till yesterday :'( Title: Re: Litecoin is below 5 USD ,what should I do Post by: virtfund on August 15, 2014, 07:21:30 AM Maybe it will, but I don't think it is very likely Litecoin will end up surviving. How long it has and its price trajectory beforehand, is another matter.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: paduser on August 15, 2014, 07:22:24 AM Wait for the rise of BTC. LTC will rise then too like he did the last times. I had the same faith as you did till yesterday :'( If you dont trust in LTC then you could sell a few so you wont lose anything if it crashes. Title: Re: Litecoin is below 5 USD ,what should I do Post by: unpure on August 15, 2014, 07:26:13 AM Sold all of my LTC.
Still have a few ASIC running at great loss. WIll probably turn it off in a month or two. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Schwarzalbert on August 15, 2014, 08:26:05 AM Where do you see the weaknesses of LTC in regard of other newer coins these days?
Would like to know your opinion about it. Title: Re: Litecoin is below 5 USD ,what should I do Post by: MajidBC on August 15, 2014, 08:45:44 AM Can someone please explain me why Litecoin price dropped recently? (Sorry it's not your answer.)
Title: Re: Litecoin is below 5 USD ,what should I do Post by: thefunkybits on August 15, 2014, 08:52:17 AM I would say it's time to start thinking about buying some LTC...
The difficulty has gone up at least 10X while the price has only gone down 10X. This will eventually lead to a supply squeeze and another bubble in price 8) Notice how the difficulty has been growing since January's ATH - https://bitcoinwisdom.com/litecoin/difficulty Title: Re: Litecoin is below 5 USD ,what should I do Post by: ff678 on August 15, 2014, 10:00:34 AM I would say it's time to start thinking about buying some LTC... The difficulty has gone up at least 10X while the price has only gone down 10X. This will eventually lead to a supply squeeze and another bubble in price 8) Notice how the difficulty has been growing since January's ATH - https://bitcoinwisdom.com/litecoin/difficulty Couldn't agree more And it's also a really good time to start purchase some ASIC miners. Factories like ZEUS or Gridseed are dying to clear out all their stocks, because they all need cash to run the next generation ,you may see the latest price dropping. It looks like a good chance to milk them to the last drop this time. Title: Re: Litecoin is below 5 USD ,what should I do Post by: srt1234 on August 15, 2014, 11:50:33 AM Guys,
check out BTC price on May, 2013. Dropped 70%, ppl shited in their pants, and we all know what happened in the next 12 months. If you are a gambler, jump in to ltc, it might be another BTC, nobody knows. Before that, Do you own analysis, don't buy anything you know nothing about. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Bitcoins101 on August 15, 2014, 11:58:33 AM I would say it's time to start thinking about buying some LTC... Why, though? There's a reason it costs like 1% per day to short it right now. Buying LTC is like trying to catch a falling knife. The difficulty has gone up at least 10X while the price has only gone down 10X. This will eventually lead to a supply squeeze and another bubble in price 8) Notice how the difficulty has been growing since January's ATH - https://bitcoinwisdom.com/litecoin/difficulty If you think LTC has a future (which it doesn't), at least wait until starts going back up again before buying back in. There's too high a likelihood of being a bagholder right now when it dips below $1. Title: Re: Litecoin is below 5 USD ,what should I do Post by: HCLivess on August 15, 2014, 11:59:41 AM Panic sell I couldn't agree more. Give into the dark side and sell, sell, sell..... ~BCX~ You mean the DRK side? Huehuehue Title: Re: Litecoin is below 5 USD ,what should I do Post by: lynn_402 on August 15, 2014, 01:00:49 PM Litecoin still seems overvalued to me. It's still worth almost 10x more than the next non-premined coin, by market cap.
http://coinmarketcap.com/ Title: Re: Litecoin is below 5 USD ,what should I do Post by: troleybüs on August 15, 2014, 02:23:26 PM You better sell before it's too late. Remember, last year today Litecoin was under 2$. There is no point holding a garbage coin with no supporting dev or community.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: niothor on August 15, 2014, 02:27:11 PM It’s been a while since the dropping, people were talking in this forum ,about the price, the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are : Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more? Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics? Please try not to spread FUD or giving hope for no reason.Thx. Rule of investment. Never invest more than you can afford to lose. And most people here will give you advice based on what coins they hold in their wallets. I wound't trust more than 1% of them to give you an unbiased answer on this. Title: Re: Litecoin is below 5 USD ,what should I do Post by: troleybüs on August 15, 2014, 02:28:11 PM It’s been a while since the dropping, people were talking in this forum ,about the price, the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are : Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more? Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics? Please try not to spread FUD or giving hope for no reason.Thx. Rule of investment. Never invest more than you can afford to lose. And most people here will give you advice based on what coins they hold in their wallets. I wound't trust more than 1% of them to give you an unbiased answer on this. %1 is still huge number. I would say %0.0001 ;) Title: Re: Litecoin is below 5 USD ,what should I do Post by: fusioncoins on August 15, 2014, 02:35:14 PM Litecoin isn't anymore the 2nd choice as it used to be 1 years ago. I suggest you to sell all your LTC.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: lynn_402 on August 15, 2014, 02:35:38 PM It’s been a while since the dropping, people were talking in this forum ,about the price, the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are : Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more? Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics? Please try not to spread FUD or giving hope for no reason.Thx. Rule of investment. Never invest more than you can afford to lose. And most people here will give you advice based on what coins they hold in their wallets. I wound't trust more than 1% of them to give you an unbiased answer on this. Surely if they hold a coin, it's because they have done their research and believe that the coin has good long-term potential? Just because someone holds a coin, doesn't mean that they can't give rational reasons for it. Well of course, there are bagholders of failed scam-coins, but they are easy to spot. Title: Re: Litecoin is below 5 USD ,what should I do Post by: niothor on August 15, 2014, 02:41:13 PM It’s been a while since the dropping, people were talking in this forum ,about the price, the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are : Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more? Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics? Please try not to spread FUD or giving hope for no reason.Thx. Rule of investment. Never invest more than you can afford to lose. And most people here will give you advice based on what coins they hold in their wallets. I wound't trust more than 1% of them to give you an unbiased answer on this. Surely if they hold a coin, it's because they have done their research and believe that the coin has good long-term potential? Just because someone holds a coin, doesn't mean that they can't give rational reasons for it. Well of course, there are bagholders of failed scam-coins, but they are easy to spot. Common , 90% of coin holders don't have a clue what they hold. Look at all those failed ipos. Look at all the dead coins. Remember the nation coins hype ? How many where so sure of their future and what happened to them. Unfortunately no. The last wave of "investors" that came to the cryptos scene is made by a lot of blinded by greed people who dream of being the next satoshi. Title: Re: Litecoin is below 5 USD ,what should I do Post by: fran2k on August 15, 2014, 09:05:22 PM Don't entry in a bear market. In other words, don't buy while there is a downtrend.
LTC is not death, is by far the second market cap. Which is by far, too much. It should back under 1usd in my own opinion. It has nothing to offer, while there are real altcoins like Ethereum, Bitshares, and others. You should make a cut loss and sell a fraction I think. Title: Re: Litecoin is below 5 USD ,what should I do Post by: rokkyroad on August 15, 2014, 09:39:16 PM How many ltc do you have? What did you pay for them? How much did it cost to mine them?
Going to be a lot of hurt involved if you have many. Title: Re: Litecoin is below 5 USD ,what should I do Post by: rikkejohn on August 15, 2014, 10:59:16 PM depends how you view things.
It could be that in the post-Karpeles era, BTC and LTC are going to go back to where they were before he started his little games. So selling either now could be a good idea. Alternatively, we are at a low for both coins, and selling now would be a mistake. You've got to work it out for yourself. My opinion is undecided on price against US dollars. I think BTC might go all the way, or maybe not. BTC versus LTC, however, and I expect the same game that has been played over the last 18 months. The next big episode is BTC sinking, LTC rising. Within a couple of months begins a slow decline for LTC again. Crypto is new, unregulated and people are fickle. Title: Re: Litecoin is below 5 USD ,what should I do Post by: ArticMine on August 15, 2014, 11:55:32 PM My thought on this is to take a look at the long term performance of alt-coins with respect to XBT. So I will include the following quote:
The pattern for those alt-coins that have been around for a while is a sharp spike upwards in price when compared to BTC during a BTC boom. Here are some examples: Litecoin: LTC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e) Namecoin: NMC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=nmc-btc&market=btc-e (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=nmc-btc&market=btc-e) Peercoin: PPC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ppc-btc&market=btc-e (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ppc-btc&market=btc-e) Dogecoin DOGE/BTC is really interesting here since it was launched right in the middle of a BTC boom. http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=doge-btc&market=cryptsy (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=doge-btc&market=cryptsy) It is hard to see on the chart but this is a brutal bear market since its inception. The moral here is do not launch your alt in the middle of a BTC boom because in a few months it will look really awful. I would go as far as to say that skyrocketing alt-coin prices in terms of BTC can be an indicator of a BTC/USD top. The trick is finding the right alt-coin since the vast majority are totally worthless and only very few have a chance of doing anything, but there can be a play here. Thank you for your data mining. That pattern jibes with what I've seen in the gold part of the stock market: when gold's well down the bull track, the major producers go up, the juniors go up a lot, and the few exploration-level penny stocks that capture the punters' excitement explode. Same on the downside, too. '11-'12 saw the majors getting whacked, the juniors getting whomped, and all-out carnage in the exploration-penny subsector. I'm not kidding about the last. The pennies were hit so hard, the Venture Stock Exchange had to officially suspend a rule that prohibits secondary offerings by its listees whose stock price is below five cents. Yes, five cents. Had the Venture board not done so, a lot of viable exploration micros would have had to hire bankruptcy lawyers. I'm quite serious about this. Past performance is no guarantee of future results. There are two possible indications here: 1) Hold onto LTC until the next XBT/USD boom and then sell. There is a good chance one can get a better price in terms of USD and XBT at that time. 2) Trade LTC for another alt-coin if one believes the other alt-coin will out perform LTC. I personally like XMR (Monero) here. The advantage of 2) is that in some jurisdictions one can take the tax loss. Selling LTC for XBT or fiat at this time seems to me just selling low at what can easily be the bottom of the market. Title: Re: Litecoin is below 5 USD ,what should I do Post by: thefunkybits on August 16, 2014, 12:30:08 AM If you've bought LTC at $20+ I would panic HODL
s-crypt ASICs will be coming online verrry soon - http://www.coindesk.com/kncminer-final-phase-titan-asic-chip/ Personally, im buying back my LTC at these levels Title: Re: Litecoin is below 5 USD ,what should I do Post by: rikkejohn on August 16, 2014, 12:39:16 AM If you've bought LTC at $20+ I would panic HODL s-crypt ASICs will be coming online verrry soon - http://www.coindesk.com/kncminer-final-phase-titan-asic-chip/ Personally, im buying back my LTC at these levels Not sure what I paid in dollars, but have been buying since 0.012, and increasing that when it hit 0.009 - 0.01. Title: Re: Litecoin is below 5 USD ,what should I do Post by: thefunkybits on August 16, 2014, 01:55:05 AM If you've bought LTC at $20+ I would panic HODL s-crypt ASICs will be coming online verrry soon - http://www.coindesk.com/kncminer-final-phase-titan-asic-chip/ Personally, im buying back my LTC at these levels Not sure what I paid in dollars, but have been buying since 0.012, and increasing that when it hit 0.009 - 0.01. I think there will still be a final bottom at about 0.006-0.008 LTC/BTC (when BTC starts to move so fast that LTC can't keep up, im guessing around $1500 BTC) Title: Re: Litecoin is below 5 USD ,what should I do Post by: cozk on August 16, 2014, 02:01:03 AM Don't listen to randoms on the internet.
Take a decision yourself and blame yourself if its a bad decision. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Keyara on August 16, 2014, 04:22:01 AM The price is already so low. Kind of pointless to sell. Lol so you're saying it's so low that the coin is now pointless? Both equally pointless to sell and the risk of going down further is small. Title: Re: Litecoin is below 5 USD ,what should I do Post by: rugrats on August 16, 2014, 06:51:52 AM It’s been a while since the dropping, people were talking in this forum ,about the price, the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are : Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more? Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics? Please try not to spread FUD or giving hope for no reason.Thx. How much did you buy it for? If you acquired them between $10-$20+, what's the point in selling now? You might as well just hedge and HODL and hope the price will rise again. If you got them for under $10, you could consider selling. Either way, watch the price. Once it has bottomed out, you can reenter the market. Can someone please explain me why Litecoin price dropped recently? (Sorry it's not your answer.) Scrypt ASICs.Title: Re: Litecoin is below 5 USD ,what should I do Post by: boraf on August 16, 2014, 07:41:22 AM The market cap on LTC is indeed larger than its usefulness for payment and usage.
To get in line with other useless coins, it will probably need to do down a lot further. Title: Re: Litecoin is below 5 USD ,what should I do Post by: STforLife on August 16, 2014, 07:56:47 AM It depends on how much LTC you own, if you can reinvest BTC made by selling LTC in some of current projects, that could potentally bring more ROI, I would risk it. Doesnt look like LTC or even BTC is gonna explode anytime soon.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: rikkejohn on August 17, 2014, 01:23:49 AM Most I ever paid for LTC was about £3 .... so the price is still big for me.
BTC ... well that stung me, with a little help fom Mark Karpeles. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Picasso7 on August 17, 2014, 02:02:04 AM I would to know it , if i should hold ltc or sell it all or buy more ltc.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: brekyrself on August 17, 2014, 02:05:20 AM Trade some or all the LTC for PTS short term since there is a snapshot for two new DAC's on the 21st. After the 21st you could always trade back while you gain shares in the new DAC's!
https://bitcointalk.org/index.php?topic=325261.msg8386117#msg8386117 Title: Re: Litecoin is below 5 USD ,what should I do Post by: Brilliantrocket on August 17, 2014, 02:22:59 AM Ask yourself, what does Litecoin do that Bitcoin cannot? Nothing. What utility does it have that Bitcoin cannot fulfill? None. Litecoin is a lost cause. They could have redeemed it, but they chose to do nothing. It will decline until something else takes the coveted #2 spot.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: boraf on August 17, 2014, 11:04:50 AM Ask yourself, what does Litecoin do that Bitcoin cannot? Nothing. What utility does it have that Bitcoin cannot fulfill? None. Litecoin is a lost cause. They could have redeemed it, but they chose to do nothing. It will decline until something else takes the coveted #2 spot. Litecoin is cheap while bitcoin isn't. That should considered an advantage. Title: Re: Litecoin is below 5 USD ,what should I do Post by: SpeedDemon13 on August 17, 2014, 11:07:12 AM Personally I wouldn't buy a Scrypt Asic at the moment with prices so low. I would use that money to just invest in LTC or other note-worthy Scrypt coin. That's just my opinion though.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: Sebastien256 on August 17, 2014, 11:07:55 AM It’s been a while since the dropping, people were talking in this forum ,about the price, the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are : Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more? Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics? Please try not to spread FUD or giving hope for no reason.Thx. I would buy cheap Nxt... At the moment they are very cheap. Title: Re: Litecoin is below 5 USD ,what should I do Post by: ajareselde on August 17, 2014, 11:14:01 AM It’s been a while since the dropping, people were talking in this forum ,about the price, the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are : Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more? Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics? Please try not to spread FUD or giving hope for no reason.Thx. If u didnt sell so far, i would not sell now definetly. The facts are that the hashrate and network infrastructure is raising, so the best thing is to ignore current price and wait for better times. If you see a straight fall, you can try selling to rebuy lower, but it seams to bottomed out allready. The worst thing u can do is to sell @ bottom Title: Re: Litecoin is below 5 USD ,what should I do Post by: jaberwock on August 17, 2014, 11:21:06 AM August is a depressive month in the investment world, and it is being worse for cryptos.
So I would wait at least until november to make moves, unless there is a clear sign of total failure and drop to 0, since you are around for so long anyway. Title: Re: Litecoin is below 5 USD ,what should I do Post by: kelsey on August 17, 2014, 12:33:32 PM Ask yourself, what does Litecoin do that Bitcoin cannot? Nothing. What utility does it have that Bitcoin cannot fulfill? None. Litecoin is a lost cause. They could have redeemed it, but they chose to do nothing. It will decline until something else takes the coveted #2 spot. ltc doesn't have an anon dev a huge advantage when selling it to wallstreet. redeemed what? Title: Re: Litecoin is below 5 USD ,what should I do Post by: Cluster2k on August 17, 2014, 12:48:34 PM Convert what you have to bitcoins. Seriously, bitcoin is the only crypto currency with any public recognition as a useful tool. Dogecoin was a cute joke for a while that's being put back in the box, while litecoin was apparently silver while bitcoin is gold. That statement never made any actual sense.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: seandaniel on August 17, 2014, 12:50:07 PM just hold and time will come it will rise again ;)
Title: Re: Litecoin is below 5 USD ,what should I do Post by: MakeBelieve on August 17, 2014, 12:50:40 PM Convert every litecoin into Bitcoin as soon as possible because litecoin doesn't do anything that Bitcoin doesn't and its met its end.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: bagassnya on August 17, 2014, 01:04:40 PM i think you must sell it sir, before the litecoin will down under $3..
i hope litecoin wil rises again :) Title: Re: Litecoin is below 5 USD ,what should I do Post by: Bitcoins101 on August 17, 2014, 01:05:32 PM There's no end in site to the downtrend. Get out while you still can.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: peeveepee on August 17, 2014, 01:06:44 PM If the current down trend do not stop, litecoin will hit $2 or less in a month or two using current projection.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: kelsey on August 17, 2014, 01:07:21 PM fud trolls working hard tonite ::)
Title: Re: Litecoin is below 5 USD ,what should I do Post by: digitalindustry on August 17, 2014, 02:04:16 PM Convert every litecoin into Bitcoin as soon as possible because litecoin doesn't do anything that Bitcoin doesn't and its met its end. Honestly Litecoin had better fundamentals than Bitcoin. It has ASICs coming but, basically more of the market has access to them, sure it will probably turn into a shit fight if diff catch up , but Bitcoin has real tangible structural issues related to mining centralization. At least litecoin isn't there yet. Title: Re: Litecoin is below 5 USD ,what should I do Post by: ellen_me on August 17, 2014, 02:13:00 PM All coins seem having lower values these past days and some coins might still worth keeping. I just do not know how to tell exactly which coins will be up again.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: From Above on August 17, 2014, 02:18:02 PM Honestly Litecoin had better fundamentals than Bitcoin. LOL ROFL DELUSIONALINDUSTRY. ~CfA™~ Title: Re: Litecoin is below 5 USD ,what should I do Post by: digitalindustry on August 17, 2014, 02:59:13 PM "Litecoin is below 5 USD ,what should I do"
light your room on fire. Title: Re: Litecoin is below 5 USD ,what should I do Post by: digitalindustry on August 17, 2014, 03:02:01 PM Honestly Litecoin had better fundamentals than Bitcoin. LOL ROFL DELUSIONALINDUSTRY. ~CfA™~ let me continue the "delusion".. and Quark has better than Litecoin. sure BTC has a "corporate media" meme - but ya know , i just don't know if that's going to matter too much. we are all in here in the same boat - so i look at the technical fundamentals , i see mostly turds, there are decent crypto out there, i just think Quark is one of the best. I can see the others also. Title: Re: Litecoin is below 5 USD ,what should I do Post by: thebfldoctor on August 17, 2014, 04:03:15 PM Keep everything else but sell LTC
Title: Re: Litecoin is below 5 USD ,what should I do Post by: Nakashima on August 19, 2014, 06:52:42 AM Sold all of my LTC. Still have a few ASIC running at great loss. WIll probably turn it off in a month or two. Are you still running for ltc? I also got a few ASIC,but I stoped them last week Title: Re: Litecoin is below 5 USD ,what should I do Post by: peeveepee on August 19, 2014, 09:08:35 AM If ltc ever drop to $1, I might consider buying a few hundred for laugh and giggle. And long term investment.
Title: Re: Litecoin is below 5 USD ,what should I do Post by: Nakashima on August 21, 2014, 04:34:44 AM it is over 6$ today ;D
Title: Re: Litecoin is below 5 USD ,what should I do Post by: Bananana on August 21, 2014, 06:48:43 AM it is over 6$ today ;D Surprisingly, some whale pump litecoin up to 6$.. do you think it will sustain there? Title: Re: Litecoin is below 5 USD ,what should I do Post by: Nawaytes on August 21, 2014, 06:57:46 AM If ltc ever drop to $1, I might consider buying a few hundred for laugh and giggle. And long term investment. no way, many trader invest in ltc, buy a lot at $ 10 and is now only $5.5, many people lose their money >:( may be will rise $6 or $6.5 tonight. Title: Re: Litecoin is below 5 USD ,what should I do Post by: koryu on August 21, 2014, 07:07:41 AM ltc is a big gamble ;) i thought there will be more resistance @ 5$ but it gone through pretty easy.
imo 6.8 is possible as next target. but if it falls back below 5$ then there will be panic again. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Oldminer on August 21, 2014, 07:13:08 AM ltc is a big gamble ;) i thought there will be more resistance @ 5$ but it gone through pretty easy. imo 6.8 is possible as next target. but if it falls back below 5$ then there will be panic again. The problem for LTC is its 'just another altcoin'. There's absolutely NOTHING special about it. If I was holding LTC right now I would be bailing out & buying some volatile (ie potentially profitable) alts. Title: Re: Litecoin is below 5 USD ,what should I do Post by: transient858 on August 21, 2014, 07:37:45 AM Huge come back for LTC from 3.5 bottom.
Expect the price to be around 8-10 dollars in the coming weeks. Title: Re: Litecoin is below 5 USD ,what should I do Post by: Nullu on August 21, 2014, 09:29:48 AM I think Litecoin has an advantage, and it's not innovation, it's just being early to market. It's one of the first altcoins. The only reason Doge is dying is because they screwed it up by making it inflationary. If they didn't do that, it would have stood a good chance, too. Being the first big meme coin.
Being first to something can often overcome technical shortcomings. Bitcoin seems quite dated compared to some cryptos coming out, but Bitcoin was first, and paved the way, the same way a lot of altcoins used litecoin for their basecode. Title: Re: Litecoin is below 5 USD ,what should I do Post by: boraf on August 21, 2014, 09:55:09 AM I think Litecoin has an advantage, and it's not innovation, it's just being early to market. It's one of the first altcoins. The only reason Doge is dying is because they screwed it up by making it inflationary. If they didn't do that, it would have stood a good chance, too. Being the first big meme coin. Being first to something can often overcome technical shortcomings. Bitcoin seems quite dated compared to some cryptos coming out, but Bitcoin was first, and paved the way, the same way a lot of altcoins used litecoin for their basecode. LTC developers have make it quite clear they will not modify the algorithm or add new innovation into the coin. Given that the coin is created for the sole purpose of ASIC resistance, and proven not to be the case, I do not see why anyone would want to support the coin. Title: Re: Litecoin is below 5 USD ,what should I do Post by: fritzi on August 21, 2014, 10:34:26 AM Huge come back for LTC from 3.5 bottom. Expect the price to be around 8-10 dollars in the coming weeks. That would be good, I bought some at 4 dollars. I'm expecting to double or triple my investment. Title: Re: Litecoin is below 5 USD ,what should I do Post by: lynn_402 on August 21, 2014, 12:21:28 PM I think Litecoin has an advantage, and it's not innovation, it's just being early to market. It's one of the first altcoins. The only reason Doge is dying is because they screwed it up by making it inflationary. If they didn't do that, it would have stood a good chance, too. Being the first big meme coin. Being first to something can often overcome technical shortcomings. Bitcoin seems quite dated compared to some cryptos coming out, but Bitcoin was first, and paved the way, the same way a lot of altcoins used litecoin for their basecode. Litecoin is very inflatory at the moment though, and will be so for many more years. I doubt the market can support a price much higher than 4 or 5$ when so many coins are created everyday, with most of these dumped by mining farms. Title: Re: Litecoin is below 5 USD ,what should I do Post by: devphp on September 06, 2014, 10:27:28 AM I doubt the market can support a price much higher than 4 or 5$ when so many coins are created everyday, with most of these dumped by mining farms. I would be very surprised if it can support $4-5 for longer than a few months that's left of this year. Title: Re: Litecoin is below 5 USD ,what should I do Post by: virtualdn on September 06, 2014, 10:54:36 AM you should enjoy the weekend.
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