Thinking of selling my LTC holding to increase ActM. LTC and Gox seem to go nowhere, ActM seems a better horse. Any good thoughts?
I've abandoned all hope that LTC will be traded on Gox in the medium term. They are dealing with seemingly insurmountable problems in their most basic operations, the receiving and paying out of customer funds. In the process they are bleeding market share and inflicting potentially permanent damage to their brand.
The price of LTC seems to have potential trading on GOX factored in, so I would expect it to fall significantly when it becomes clear that it's not going to happen anytime soon.
All of that said, investing in ActM is probably equally risky, but the upside certainly appears to be greater.
EDIT: Unless, of course, Soylent Creek is right about it reaching $10/LTC, but I just don't see it.
Exactly my thoughts. I suspect GOX even purposely added that "as risky as it is to mention (LTC??)" line to jolt the market and make a few friends some money. The price will probably begin to tank around July 30-31 as people realize it's not coming for a few more months, if at all.