Bitcoin vs Litecoin : I sold LTC for BTC . May I wrong ?

[ammy009]

Hello guys,

I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is :

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ??

My decision was wrong

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[glub0x]

if that comfort you i am going to sell some 400 aswell for the same reason as you. I mined a lot that has already been sold a long time ago and that is all i have left

[WhatTheGox]

Hello guys,

I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is :

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ??

My decision was wrong

Its important to diversify your crypto, you probably should have gone half and half.  Im currently 50/50 bitcoin and litecoin.  1.) I would never dump all my litecoin at this price.  Even now people were dreaming about $5 litecoin when we were @$30-$50. 2.) As long as bitcoin is strong we need a #2 coin and that is litecoin. You are in crypto for a high risk investment i assume might aswell reap the rewards of both coins.

[LiteCoinGuy]

i would keep some LTC just in case. it is like a backup-chain for bitcoin and the second biggest crypto in the world. there could be some interesting ideas in the future for that kind of secure blockchain.

[Possum577]

You have to think of the good or bad of your investment decisions within the context of time. If LTC price goes up today, it doesn't mean it won't go down more tomorrow, next month, or next year. It might be good to keep some Litecoin in your wallet, just in case it becomes a real option (from Retailers) to consumers. I don't think owning bitcoin now is a bad thing at all. You've taken a position with many many people, don't feel as if you're alone out there. A lot of us are long on bitcoin with little to no position in Litecoin.

[gentlemand]

 It's nowhere in terms of acceptance or attention but it's heavily traded and used as a trading pair. It may not be sexy but it plods along quite contentedly and markets seem to have a use for it.

If there is to be another rally it's still prime pumpage material. Its lack of flakiness and gimmicks is a bonus. It's worth parking a little gamble on I think.

[Amph]

when did you bought that amount? it was at its lowest or it was a old amount that you held for so long? because if you bought it at 0.002 to dump at 0.006 then yes it wasn't a good decision

something like ltc , doge, and monero cannot die so easily they are big currency, despite what majority thing of them, they are still heavily accepted in trading, and they are seen as a good alternative

[greBit]

The opinions you are provided with would only make sense when you tell what price did you buy your coins at? And what were your expectations? If your expectations have surpassed, then yes, you made a good decision. if you went into much less expectations and are at loss, then it definitely is a bad decision. The decision to make now would be to still hold or trade it off. That's your call. I'd say hold half, trade half.

[WhatTheGox]

when did you bought that amount? it was at its lowest or it was a old amount that you held for so long? because if you bought it at 0.002 to dump at 0.006 then yes it wasn't a good decision

God last time i remember it at like 0.002 was pre mtgox $266 bubble. Infact i think the first ever chance i got bitcoin on BTC-e to buy some litecoin it was 0.007.  

[manselr]

Being in anything else that isn't BTC is a big gamble. BTC is a gamble within itself but a reasonable one.
Now, one may be tempted to buy LTC. "Oh look at the ATH, we are still so far from it". The thing is, we have no idea how high it may go, it may crash back to 1, so it's up to you.

I confess I was an idiot to not buy LTC when it was 1 dollar, but at that point the coin seemed like it was headed to 0. Development is poor, community is poor (check its reddit).

This is nothing but a speculative bubble, but may make a ton of people rich if they bought at 1 dollar.
I want to get in and test my luck, but i dont feel like it at the same time.

[scarsbergholden]

I was lucky enough to re up on LTC around 1.10 to 1.40  i have sold for BTC but im looking for a new entry so no matter what if your trading just make sure you sell to make a profit in order to get a better position either on BTC or LTC.

[Alley]

Market is too thin for me. At 1/3rd the volume of bitcoin price is up 30% today.  Could crash so fast it would make your head spin.

[bryant.coleman]

In my opinion, you did the right thing. You should not look at the current LTC vs BTC exchange rate. In the long term, the real worth of Litecoin will be close to zero. Just do the calculation yourself. Right now, there are hardly any sites where you can use Litecoin. Litecoin is dead now, and these temporary pump and dumps will only help to delay its demise.

[BTCevo]

IMO, hold some like around 10-20% and the rest to bitcoin, bitcoin price is going high nowadays, may be you can still get some profit by trading bitcoin. Never hold altcoin that long, because we can't do some speculation on altcoin but bitcoin we still have a chance to speculation it although it is not 100% guarantee but at least it is higher chance than altcoin

[DirtyUniverse]

Nevermind mate you did right. keep it!

[scarsbergholden]

In my opinion, you did the right thing. You should not look at the current LTC vs BTC exchange rate. In the long term, the real worth of Litecoin will be close to zero. Just do the calculation yourself. Right now, there are hardly any sites where you can use Litecoin. Litecoin is dead now, and these temporary pump and dumps will only help to delay its demise.

could we say that the litecoin pump is just temporary do to the halving ? maybe a pump group trying to have leverage from their accumulation vs what is coming to play now.

[NorrisK]

Why would you sell your litecoin after a 1.5 year decline in price vs bitcoin? That is just screaming "Too late, better wait for a better opportunity!!".

[cellard]

Market is too thin for me. At 1/3rd the volume of bitcoin price is up 30% today.  Could crash so fast it would make your head spin.

This. I think right now there is a handful of whales with tons of BTC that pushed the price up, which means they can get tired at any given time and deliver a good ol dump. Of course, the coin can go both ways, as a scenario where more whales + random people enter in a panic buy cycle you could miss on some epic gains if you aren't holding any... gamble on.

[Cluster2k]

Remember that Litecoin is still one tenth of its peak value.  When was the last time you heard main stream media talking about Litecoin?  I never have.  Bitcoin dominates public mind share.

[bryant.coleman]

Remember that Litecoin is still one tenth of its peak value.  When was the last time you heard main stream media talking about Litecoin?  I never have.  Bitcoin dominates public mind share.

The Litecoin peak value of $50 per coin was achieved as a result of the China boom.When crypto got banned in China, Litecoin lost that advantage. But even now, it is clear from the trade data, that Litecoins are almost exclusively traded by the Chinese crypto-traders. And that makes the exchange rates highly unstable in the long run.

[jbrnt]

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

You are right. I was thinking the same, but I also think about the halving come soon. I don't have as much Litecoin as do you, so since my Litecoin has lost so much value, I think I might wait to see what happens.

Why would you sell your litecoin after a 1.5 year decline in price vs bitcoin? That is just screaming "Too late, better wait for a better opportunity!!".

Because we thought the decline will end and it never came until now  

could we say that the litecoin pump is just temporary do to the halving ? maybe a pump group trying to have leverage from their accumulation vs what is coming to play now.

In my opinion, halving has everything to do with it. It's sheer speculation.

[CoinBateman]

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

You are right. I was thinking the same, but I also think about the halving come soon. I don't have as much Litecoin as do you, so since my Litecoin has lost so much value, I think I might wait to see what happens.

Why would you sell your litecoin after a 1.5 year decline in price vs bitcoin? That is just screaming "Too late, better wait for a better opportunity!!".

Because we thought the decline will end and it never came until now  

could we say that the litecoin pump is just temporary do to the halving ? maybe a pump group trying to have leverage from their accumulation vs what is coming to play now.

In my opinion, halving has everything to do with it. It's sheer speculation.

If you open your eyes wide enough, Bitcoin started off as a pump and dump coin too.

Moreover, it's still being manipulated to hell, just like every tradable asset for that matter.

[Amph]

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

You are right. I was thinking the same, but I also think about the halving come soon. I don't have as much Litecoin as do you, so since my Litecoin has lost so much value, I think I might wait to see what happens.

Why would you sell your litecoin after a 1.5 year decline in price vs bitcoin? That is just screaming "Too late, better wait for a better opportunity!!".

Because we thought the decline will end and it never came until now  

could we say that the litecoin pump is just temporary do to the halving ? maybe a pump group trying to have leverage from their accumulation vs what is coming to play now.

In my opinion, halving has everything to do with it. It's sheer speculation.

If you open your eyes wide enough, Bitcoin started off as a pump and dump coin too.

Moreover, it's still being manipulated to hell, just like every tradable asset for that matter.

but it is more dominant, and has a brighter future than any of its clone, this is undeniable, apparently it isn't a matter of what it is better, but of what it is less worse

and it is evident that it was a pump and dump, because you need a pump to rise its price and make it more recognizable, but this will bring dump and volatility also

i think P&D are natural thing for the health of the market

[EternalWingsofGod]

For a very long period of time the trading range of litecoin was around 2.00-3.00 bucks
After seeing it rally up to its current range I can understand why you wanted to sell your position, I guess the answer is to see how long it keeps up this strength.

[manselr]

For a very long period of time the trading range of litecoin was around 2.00-3.00 bucks
After seeing it rally up to its current range I can understand why you wanted to sell your position, I guess the answer is to see how long it keeps up this strength.

Actually LTC was stuck in the sub 2 dollar range for ages. Anything above 2 dollars would have been nice gains if you bought a lot during that period. Right now it has gone from 5.3 to 5.1. It seems it's holding nicely above 5 dollars. Im not sure what to do. I own no LTC but im considering gambling some cause it may go 2 digits for all I know.

[foxbitcoin]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

[bit1]

You was protecting your investment, so is crypto,Maybe BTC soon will rise in value and you bought it very cheap.

[klondike_bar]

altcoins have always reflected overall bitcoin sentiment. The rise happened alongside the 20% BTC price increase

but 400%+ gains are usually brief. It will likely go higher, but i imagine correct to <$4 first

[Hazir]

Hello guys,

I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is :

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ??

My decision was wrong

Never doubt and wonder how things would go if you sell/buy/do something else. In that point of time your decision was justified and it feels ok. It's all that matters.
I used to have this feeling all the time, that I might be selling BTC too low or buying too high.  Now I know that life is short and if I spend my time wondering if I do everything right I am wasting it.

[chesthing]

Timing is everything. You would have been "right" in trading your ltc for btc when it was worth $20+, as it plummeted to 1/20th it's value while btc plummeted merely 1/5th it's value over the same period. You were "wrong" selling when you did, as it has risen 2x in value compared to btc since.
Timing is everything. Usually, unless you are dealing with a total shitcoin, when you feel most like dumping this is a good time to buy.

[bryant.coleman]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

[HigsonPP]

I believe your crypto should be diversified. Since you need to keep check on risk and return.  A balance should be kept between the litcoins and bitcoins. Ltc is gradually taking a roll on market , and it's a good thing to keep invested in it as well.

[WhatTheGox]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

Ripple isn't a true crypto-currency, i dont think we can read much into it.  Looking at the trading volume, litecoin is miles ahead of ripple.

[ammy009]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

Ripple isn't a true crypto-currency, i dont think we can read much into it.  Looking at the trading volume, litecoin is miles ahead of ripple.

ripple !!!  isn't a centralized crypto currency 

[Amph]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

Ripple isn't a true crypto-currency, i dont think we can read much into it.  Looking at the trading volume, litecoin is miles ahead of ripple.

ripple !!!   isn't a centralized crypto currency  

yes it is, and they pay their employees with it, it's not going anywhere, propably it will fall even more, i sold mine for btc long time ago

also its marketcap is so big that it look like a joke to be honest

[glub0x]

My conclusion is that if bitcoin succeed, litecoin will probably stay around.
Now If bitcoin dies, litecoin WILL die with it.
So keeping litecoin is like adding some random layer out of the original risk (which is bitcoin success)

So keeping 50-50 is (in my opinion) a terrible decision.

That being say, you might want to speculate and try to get the most out of your litecoins, search for the top.
This is not the kind of game i play.

[WhatTheGox]

Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

Ripple isn't a true crypto-currency, i dont think we can read much into it.  Looking at the trading volume, litecoin is miles ahead of ripple.

ripple !!!   isn't a centralized crypto currency  

Of course it is, i heard that had to pay coinmarketcap to even be listed on there.  They can make more ripples anytime, its not a store of value.

[HarHarHar9965]

I believe your crypto should be diversified. Since you need to keep check on risk and return.  A balance should be kept between the litcoins and bitcoins. Ltc is gradually taking a roll on market , and it's a good thing to keep invested in it as well.

as all the people here are too much involved in bitcoins, and have dedicated so much of their time of their lives involving bitcoins in it, watching another crypto progress ahead does hurt, but people need to understand that there will always be competition. Have faith in your investment, and just go with it. And if you have doubts, then diversify your investments, maybe even invest in ltc if you wish to.

[Bobsurplus]

Mannn.. I sold over 15000 LTC at 1$ when it flew from the low $0.40 range.
Dont cry over spilled milk.

[ammy009]

Mannn.. I sold over 15000 LTC at 1$ when it flew from the low $0.40 range.
Dont cry over spilled milk.

Wow ! And I sold 800 BTC for only 8000 Perfect Money in 2012 for depositing my Liteforex account.

[WhatTheGox]

Mannn.. I sold over 15000 LTC at 1$ when it flew from the low $0.40 range.
Dont cry over spilled milk.

Wow ! And I sold 800 BTC for only 8000 Perfect Money in 2012 for depositing my Liteforex account.

The lesson here is buy and hold for as long as possible. I held 5000 and 7000 LTC at a couple points in time before it went to $50, so sick i could have had over $250k.

[Q7]

If you are so convinced that you've made the wrong decision, then buy back again when the price drops. I never believe it's too late. The ltc btc pair has been on the ups and downs cycle these past few years so you might be able to catch up with some good buys. Just diversify your holdings to be on the safe side.

[HeroCat]

You did right. Litecoin is not so popular as BTC. Just use BTC - this is smart choice 

[ammy009]

If you are so convinced that you've made the wrong decision, then buy back again when the price drops. I never believe it's too late. The ltc btc pair has been on the ups and downs cycle these past few years so you might be able to catch up with some good buys. Just diversify your holdings to be on the safe side.

yeah .. I've made a decision to buy at least 10K LTC, but, with my fiat currencies not BTC.

I don't want to do wrong again.

I wanna buy LTC @ $2 or, less...

Is there any possibility to drop at this stage If possible, then when it'll be happened ?

[Amph]

If you are so convinced that you've made the wrong decision, then buy back again when the price drops. I never believe it's too late. The ltc btc pair has been on the ups and downs cycle these past few years so you might be able to catch up with some good buys. Just diversify your holdings to be on the safe side.

yeah .. I've made a decision to buy at least 10K LTC, but, with my fiat currencies not BTC.

I don't want to do wrong again.

I wanna buy LTC @ $2 or, less...

Is there any possibility to drop at this stage If possible, then when it'll be happened ?

well it not gonna drop anytime soon, we are rising even more and the more the halving is near the more the price will climb a little

maybe you can be lucky after the halving, if ltc will be forgotten again

[WhatTheGox]

You did right. Litecoin is not so popular as BTC. Just use BTC - this is smart choice 

lol

I dont know if you guys have seen but litecoin buy books are actually showing even more strength today vs when we were @$5 and $6 on previous days.  This is an easy double figures run.  What happens with bitcoin will matter.

[BTCevo]

You did right. Litecoin is not so popular as BTC. Just use BTC - this is smart choice 

Its true if you compare to bitcoin but among other altcoin I think LTC is so popular so trading LTC is not that bad too

If you are so convinced that you've made the wrong decision, then buy back again when the price drops. I never believe it's too late. The ltc btc pair has been on the ups and downs cycle these past few years so you might be able to catch up with some good buys. Just diversify your holdings to be on the safe side.

yeah .. I've made a decision to buy at least 10K LTC, but, with my fiat currencies not BTC.

I don't want to do wrong again.

I wanna buy LTC @ $2 or, less...

Is there any possibility to drop at this stage If possible, then when it'll be happened ?

You can't just asking people about possiblity of dropping price because they also get some speculations and no one can predict it, although with some good analyze sometimes they will lose it too. So try to search it and analyze yourself you may get good thought

[bit1]

Wtf!  $ 7.40   by  LTC just now.It is coming back.The question is how log?   

[Xialla]

Wtf!  $ 7.40   by  LTC just now.It is coming back.The question is how log?   

ahh, until there will be enough bulls to pump it. because generally there is no community, active development, atm or public knowledge/needs of litecoin, it is pure altocoin pump. Honestly, I'm quite surprised, that somebody is still interested in this useless crypto..

[nonbody]

not a bad idea, the mining support behind LTC is huge though

[gentlemand]

Wtf!  $ 7.40   by  LTC just now.It is coming back.The question is how log?   

ahh, until there will be enough bulls to pump it. because generally there is no community, active development, atm or public knowledge/needs of litecoin, it is pure altocoin pump. Honestly, I'm quite surprised, that somebody is still interested in this useless crypto..

The Chinese have a fondness for it. That's all anyone needs. BTC is just as useless to them as LTC is to most Westerners. The average Chinese trader probably doesn't know any more about its development either.

[aakashsangwan]

Yes you did it wrong. You should have waited for the litecoin price to go up and then sold it for fiat and not bitcoin.
The litecoin price have gone from around 3 dollars to 8 dollars today which is nearly 260 or may be 270 percent and still rising. And when the price would have started going down then you should've dumped.
But still if you have brought low and 've sold high then it is a win-win for you and market.

[bitboy11]

I bought 0.1 LTC @ $4.40 when the price was $44.
I won't sell my piece of LTC until it becomes a valuable relic!

[aakashsangwan]

I bought 0.1 LTC @ $4.40 when the price was $44.
I won't sell my piece of LTC until it becomes a valuable relic!

why did you purchase LTC @44$ each.
It was hell of a price.
You must have waited for some time for dump period.
BTW have you brought some coins after that to cut your losses???

[Miracal]

In my opinion, you did the right thing. You should not look at the current LTC vs BTC exchange rate. In the long term, the real worth of Litecoin will be close to zero. Just do the calculation yourself. Right now, there are hardly any sites where you can use Litecoin. Litecoin is dead now, and these temporary pump and dumps will only help to delay its demise.

All these pump and dump coins are like gambling with the money. Bitcoin however is a very different crypto, its level is much more different than all this and it is highly accepted and traded as compared to other crypto. OP please don't regret your decisions as living in past has helped no one. Stick to btc, that has much more scope in future.

[Amph]

I bought 0.1 LTC @ $4.40 when the price was $44.
I won't sell my piece of LTC until it becomes a valuable relic!

why did you purchase LTC @44$ each.
It was hell of a price.
You must have waited for some time for dump period.
BTW have you brought some coins after that to cut your losses???

litecoin was tied to bitcoin, so the price was dumped two time there, intrinsically, and because of bitcoin too, another reason why there is a high risk in dealing with altcoin

[bitboy11]

I bought 0.1 LTC @ $4.40 when the price was $44.
I won't sell my piece of LTC until it becomes a valuable relic!

why did you purchase LTC @44$ each.
It was hell of a price.
You must have waited for some time for dump period.
BTW have you brought some coins after that to cut your losses???

Because Litecoin had reached unprecedented levels. Everyone was screaming Litecoin was going to $100 in the trollbox and in the forums!
I saw it falling and didn't want to believe it was over.

Of course I bought more @ $1.75 each...

[bit1]

You was protecting your investment, so is crypto,Maybe BTC soon will rise in value and you bought it very cheap.

For example just now price is 289.06 by BTC,It price is higher than what you bought, I wonder  if you will be able to hold BTC or you will sell it in a closest point to re-buy  same LTC that you had before.   

EDIT: I missed the part  ..

I've made a decision to buy at least 10K LTC, but, with my fiat currencies not BTC.

It answer my question, I think.

[CryptoRev]

Hello guys,

I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is :

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ??

My decision was wrong

Market swings are temporary. Don't base your investment decisions on short term trends. Your basic logic is correct about global acceptance and all. Stick to it, in the long term it will pay off. That, of course, is my viewpoint.

[oblivi]

Mannn.. I sold over 15000 LTC at 1$ when it flew from the low $0.40 range.
Dont cry over spilled milk.

Wow ! And I sold 800 BTC for only 8000 Perfect Money in 2012 for depositing my Liteforex account.

The lesson here is buy and hold for as long as possible. I held 5000 and 7000 LTC at a couple points in time before it went to $50, so sick i could have had over $250k.

Damn, that feels bad even hearing about it. How did you got so many LTC? at what price did you buy?
Also if anything, this teach us to hold, but also to consider when the price is bubbled and to sell. The problem is.. you never know when the bubble is over or you may be missing on 100%+ of profits..

[ammy009]

Mannn.. I sold over 15000 LTC at 1$ when it flew from the low $0.40 range.
Dont cry over spilled milk.

Wow ! And I sold 800 BTC for only 8000 Perfect Money in 2012 for depositing my Liteforex account.

The lesson here is buy and hold for as long as possible. I held 5000 and 7000 LTC at a couple points in time before it went to $50, so sick i could have had over $250k.

Damn, that feels bad even hearing about it. How did you got so many LTC? at what price did you buy?
Also if anything, this teach us to hold, but also to consider when the price is bubbled and to sell. The problem is.. you never know when the bubble is over or you may be missing on 100%+ of profits..

I'm a regular forex trader. I bought BTC & LTC both with a portion of my profits.

[glub0x]

yeah i love the emotional roller-coaster of crypto
sold my last ltc stack 2 days ago at 0.022 ltc/btc got pretty  sad yesterday at 0.033
now i'm fine, guess op is in the same situation
50 % rise / 50%  fall in 2 days that is a very nice pump and dump gentlemen

[NorrisK]

I bought 0.1 LTC @ $4.40 when the price was $44.
I won't sell my piece of LTC until it becomes a valuable relic!

why did you purchase LTC @44$ each.
It was hell of a price.
You must have waited for some time for dump period.
BTW have you brought some coins after that to cut your losses???

Because Litecoin had reached unprecedented levels. Everyone was screaming Litecoin was going to $100 in the trollbox and in the forums!
I saw it falling and didn't want to believe it was over.

Of course I bought more @ $1.75 each...

That is how you learn a lesson.. Spending hardly anything for hardly something, you learn to buy near the low of a coin How great is that!

[bit1]

$ 4.43 --> LTC  Just now, So is crypto. If trend continue many peoples will be with panic.

[EternalWingsofGod]

For a very long period of time the trading range of litecoin was around 2.00-3.00 bucks
After seeing it rally up to its current range I can understand why you wanted to sell your position, I guess the answer is to see how long it keeps up this strength.

Actually LTC was stuck in the sub 2 dollar range for ages. Anything above 2 dollars would have been nice gains if you bought a lot during that period. Right now it has gone from 5.3 to 5.1. It seems it's holding nicely above 5 dollars. Im not sure what to do. I own no LTC but im considering gambling some cause it may go 2 digits for all I know.

I like how its only been a few days but I can say we now know it went up to $8.50 and is trading at $4.80 or the price just a few days ago, but after this type of pumping I think in the end it will settle at a range of 2-3 as the movement likely did have some impact on the price foundation.

[bit1]

For a very long period of time the trading range of litecoin was around 2.00-3.00 bucks
After seeing it rally up to its current range I can understand why you wanted to sell your position, I guess the answer is to see how long it keeps up this strength.

Actually LTC was stuck in the sub 2 dollar range for ages. Anything above 2 dollars would have been nice gains if you bought a lot during that period. Right now it has gone from 5.3 to 5.1. It seems it's holding nicely above 5 dollars. Im not sure what to do. I own no LTC but im considering gambling some cause it may go 2 digits for all I know.

I like how its only been a few days but I can say we now know it went up to $8.50 and is trading at $4.80 or the price just a few days ago, but after this type of pumping I think in the end it will settle at a range of 2-3 as the movement likely did have some impact on the price foundation.

The worst thing to holders and miners is that price goes to < $1 again.By the way.

[bitboy11]

I sold all mine @ $8.20 each!
I made a very nice profit...crypto loves me!
Can't wait for it to hit $1.00 again.

[greBit]

I sold all mine @ $8.20 each!
I made a very nice profit...crypto loves me!
Can't wait for it to hit $1.00 again.

Haha, smart move. Proud of you. How many did you have? If they reached around that amount, that is more than 9 times your investment in it, which makes it a pretty decent sweet deal. You sold it at the right time and bought it at the right time, man. Most of people played it wrong and lost money lol. Its just a pump and dump coin, sure it will hit 1$ again but will it rise again too? Only invest the money you won't mind losing next time.

[everaja]

 Bump and Dump are the fascinating characteristics of Cryptocurrency , i know my friend before 3 days he sold 0.022 ltc/btc but eventually after his selling the price hiked and he was shocked !
no matter , he was one of the early buyer of LTC which made that loss not significant , all you know is to utilize your conscience when buying and selling crypto as anything can happen any moment !

[freedomno1]

I sold all mine @ $8.20 each!
I made a very nice profit...crypto loves me!
Can't wait for it to hit $1.00 again.

Good call that was near the peak of 8.50
Didn't join on the buy side but was shorting down and then went to bed once I started to see that drop

[Amph]

Bump and Dump are the fascinating characteristics of Cryptocurrency , i know my friend before 3 days he sold 0.022 ltc/btc but eventually after his selling the price hiked and he was shocked !
no matter , he was one of the early buyer of LTC which made that loss not significant , all you know is to utilize your conscience when buying and selling crypto as anything can happen any moment !

not only that some times you need to be a part of the whales that is manipulating in that moment, or you will lose for sure, no experienced trader can compete against an heavy manipulated market

only the loss awaits you in that case

[EternalWingsofGod]

For a very long period of time the trading range of litecoin was around 2.00-3.00 bucks
After seeing it rally up to its current range I can understand why you wanted to sell your position, I guess the answer is to see how long it keeps up this strength.

Actually LTC was stuck in the sub 2 dollar range for ages. Anything above 2 dollars would have been nice gains if you bought a lot during that period. Right now it has gone from 5.3 to 5.1. It seems it's holding nicely above 5 dollars. Im not sure what to do. I own no LTC but im considering gambling some cause it may go 2 digits for all I know.

I like how its only been a few days but I can say we now know it went up to $8.50 and is trading at $4.80 or the price just a few days ago, but after this type of pumping I think in the end it will settle at a range of 2-3 as the movement likely did have some impact on the price foundation.

The worst thing to holders and miners is that price goes to < $1 again.By the way.

True enough as it means that there were no gains to be held for those that had litecoin valued at that price
For those people it doesn't matter if they sold a few coins they already made multiples of return
The issue is for those that bought on the rise and are treading (Of course seeing how quick a crash this was just a handful of people felt that one)

[everaja]

Bump and Dump are the fascinating characteristics of Cryptocurrency , i know my friend before 3 days he sold 0.022 ltc/btc but eventually after his selling the price hiked and he was shocked !
no matter , he was one of the early buyer of LTC which made that loss not significant , all you know is to utilize your conscience when buying and selling crypto as anything can happen any moment !

not only that some times you need to be a part of the whales that is manipulating in that moment, or you will lose for sure, no experienced trader can compete against an heavy manipulated market

only the loss awaits you in that case

I would not talk about the experienced trader rather i would talk about a common man , who trades for his amateur not as professional , always this insignificant bumb and dump will matter significantly in his happiness.
For a amateur loss/win are just as two faces of the same coin but for professional loss can be fatal.

[bit1]

$ 3.85  and  down   

[gentlemand]

A fun pump but it's certainly not going to do LTC's reputation many favours in the long run. We all know that crypto markets are largely the playthings of a select few but such a brazen demonstration ain't too reassuring for new blood.

[bit1]

BTC  $ 300.26 and up.

[bit1]

Add $10 more   $310 just now.

[Gyfts]

I think the crypto currency community should be receiving some sort of light in terms of the price increase of their coins. LTC and BTC should rise to the top with the crisis in Greece. Many foreigners, in fear, are running to unregulated currencies (BTC & LTC specifically), to save their financial portfolio from the government in case their economy crashes. Switching to BTC was a smart move.

[CoinBateman]

People were discussing Litecoin out performing Bitcoin, but the reality is, it was bitcoin all along. LTC was just easier to pump for fiat than BTC was. That fiat went straight into fueling the slow but steady BTC.

[qiwoman2]

LTC is a prop of the Asian markets at present and easier to manipulate than BTC price wise as it is much cheaper..There are so many altcoins on the market now to choose from but LTC seems a Chinese favorite so there is no harm in keeping a few tucked away if you bought them cheap then just sell them for a profit on the rise, but BTC is still King as it were, volume wise..

[HarHarHar9965]

I think the crypto currency community should be receiving some sort of light in terms of the price increase of their coins. LTC and BTC should rise to the top with the crisis in Greece. Many foreigners, in fear, are running to unregulated currencies (BTC & LTC specifically), to save their financial portfolio from the government in case their economy crashes. Switching to BTC was a smart move.

But the fears remain the same. What if they put most of their life's savings in btc and then some day btc spikes down and they lose so much of their money? You think they will be in a state to hold whatever's left? They will get scared and run away, telling everybody they meet t never invest in btc causing negative publicity for bitcoin. I don't advise using btc as your fucking savings account man.

[faridkifly]

i think it's good decision dude, bitcoin is better than litecoin

[BIT-Sharon]

Hello guys,

I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is :

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ??

My decision was wrong

Its important to diversify your crypto, you probably should have gone half and half.  Im currently 50/50 bitcoin and litecoin.  1.) I would never dump all my litecoin at this price.  Even now people were dreaming about $5 litecoin when we were @$30-$50. 2.) As long as bitcoin is strong we need a #2 coin and that is litecoin. You are in crypto for a high risk investment i assume might aswell reap the rewards of both coins.

Could you explain the reason why it is important to diversify our crypto?

[grendel25]

Hello guys,

I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is :

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ??

My decision was wrong

No my friend, I don't think you made a bad decision.  As long as you are still a crypto player then I think you are in the best modern financial history that is still unfolding.  Just stick with it and always look for ways to accumulate more coin rather it be bitcoin, litecoin or any coin that has good devs and a promising future which is a bountiful quantity these days.

[Amph]

Hello guys,

I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is :

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ??

My decision was wrong

Its important to diversify your crypto, you probably should have gone half and half.  Im currently 50/50 bitcoin and litecoin.  1.) I would never dump all my litecoin at this price.  Even now people were dreaming about $5 litecoin when we were @$30-$50. 2.) As long as bitcoin is strong we need a #2 coin and that is litecoin. You are in crypto for a high risk investment i assume might aswell reap the rewards of both coins.

Could you explain the reason why it is important to diversify our crypto?

personally i think that it is good to do that only if you want to trade, but if we are here for the long term the coin that has a better chance to survive in this scenario is only bitcoin, the other alt are always in competition with their own clone

[silkylove]

Of my crypto investments most are in bitcoin and I'm confident that the value will grow over time, but I do have a small stash of litecoin.  My reason for keeping it is that the litecoin core developers seem to work well together, whereas there's been some infighting with bitcoin's core team.  The discord makes me just nervous enough to want a backup plan in case they cut off their nose to spite their face.

[greBit]

How do you know the relationship shared between the core team and devs in the LTC and the BTC team? Doubting a crypto because you think they do not have a good bond with each other is the sassiest reason till date to invest in a crypto. Its a nice move to save atleast some of LTC, if btc could boom like crazy, there could be another big ltc bubble which might take place in the coming years. Ofcourse, LTC is also designed to compliment bitcoin and not really replace btc.

[silkylove]

I know what I know based on articles, interviews, and the opinion of people I trust who know the business.  For instance, it's very easy to find info on the block size debate and learn about the key players and mining groups who are for or against it.  I don't care about what decision is made as much as how that decision is made and sold to the public, and how nasty the debate gets beforehand.  It's also very easy to see what Charlie Lee and company did when litecoin had a spam attack three years ago.  But I'm not giving advice as I have no crystal ball.  I just said what my particular philosophy is and why.

[faridkifly]

I think it's a good decision.
If I were you I'll be very grateful dude

[gentlemand]

Of my crypto investments most are in bitcoin and I'm confident that the value will grow over time, but I do have a small stash of litecoin.  My reason for keeping it is that the litecoin core developers seem to work well together, whereas there's been some infighting with bitcoin's core team.  The discord makes me just nervous enough to want a backup plan in case they cut off their nose to spite their face.

In terms of utility LTC is nowhere. That means there are no outside elements putting pressure on developers. It's just miners, traders and holders all holding hands and skipping along, and while things stay the way they are there's really no need for any more development which is what Mr Lee has said outright.

Bitcoin in comparison is heaving with conflicts of interest, turf wars, overbearing outside investment and multiple future possibilities and use scenarios. That's what introduction to the real world brings and LTC would be an identical position if it were there too.   

[silkylove]

 I agree.  Litecoin isn't practically useful at all right now, except as a testing ground for some things that could be incorporated into bitcoin.  However, to say that litecoin would be in an identical position as bitcoin once the real world is introduced is not entirely true IMO.  Bitcoin has a huge advantage in that it was the first mover and has therefore dominated the crypto space.   But there are some disadvantages to being the first mover.  If the conflicts of interest, turf wars, overbearing outside investments, or restrictive legislation somehow kill bitcoin, then litecoin will have the best chance to learn from bitcoin's mistakes.  First isn't always best.  For example, Laika was the first animal in space.  That didn't work out too well for her.

But like I said.  Most of my crypto investment is in bitcoin, because smart money says bitcoin will be the crypto that survives.  Nothing wrong with owning some litecoin too though, just in case smart money is wrong.

[Miracal]

Of my crypto investments most are in bitcoin and I'm confident that the value will grow over time, but I do have a small stash of litecoin.  My reason for keeping it is that the litecoin core developers seem to work well together, whereas there's been some infighting with bitcoin's core team.  The discord makes me just nervous enough to want a backup plan in case they cut off their nose to spite their face.

In terms of utility LTC is nowhere. That means there are no outside elements putting pressure on developers. It's just miners, traders and holders all holding hands and skipping along, and while things stay the way they are there's really no need for any more development which is what Mr Lee has said outright.

Bitcoin in comparison is heaving with conflicts of interest, turf wars, overbearing outside investment and multiple future possibilities and use scenarios. That's what introduction to the real world brings and LTC would be an identical position if it were there too.   

The reason behind the acceptance of bitcoin over other crypto and its success is that it was the first crypto to happen, I realized that I did read about it in newspaper but never really studied much about it, only to be very involved with btc after 2-3 years. The reason why BTC will always be superior to other crypto is not only its technical benefits but the already wide belief and acceptance.

[HarHarHar9965]

Of my crypto investments most are in bitcoin and I'm confident that the value will grow over time, but I do have a small stash of litecoin.  My reason for keeping it is that the litecoin core developers seem to work well together, whereas there's been some infighting with bitcoin's core team.  The discord makes me just nervous enough to want a backup plan in case they cut off their nose to spite their face.

In terms of utility LTC is nowhere. That means there are no outside elements putting pressure on developers. It's just miners, traders and holders all holding hands and skipping along, and while things stay the way they are there's really no need for any more development which is what Mr Lee has said outright.

Bitcoin in comparison is heaving with conflicts of interest, turf wars, overbearing outside investment and multiple future possibilities and use scenarios. That's what introduction to the real world brings and LTC would be an identical position if it were there too.   

The reason behind the acceptance of bitcoin over other crypto and its success is that it was the first crypto to happen, I realized that I did read about it in newspaper but never really studied much about it, only to be very involved with btc after 2-3 years. The reason why BTC will always be superior to other crypto is not only its technical benefits but the already wide belief and acceptance.

Some people might call bitcoin, the dollar of the crypto currencies. Yes, bitcoin is the best based on its technical capabilities, it has been performing well and as halving comes near, it has peaked interest of everybody in the btc community. It is receiving good social attention too, the Deutsche bank recently had positive things to say about bitcoin. Their are many reasons why btc is the best crypto, just hoping it evolves into the best currency too.

[ammy009]

Of my crypto investments most are in bitcoin and I'm confident that the value will grow over time, but I do have a small stash of litecoin.  My reason for keeping it is that the litecoin core developers seem to work well together, whereas there's been some infighting with bitcoin's core team.  The discord makes me just nervous enough to want a backup plan in case they cut off their nose to spite their face.

In terms of utility LTC is nowhere. That means there are no outside elements putting pressure on developers. It's just miners, traders and holders all holding hands and skipping along, and while things stay the way they are there's really no need for any more development which is what Mr Lee has said outright.

Bitcoin in comparison is heaving with conflicts of interest, turf wars, overbearing outside investment and multiple future possibilities and use scenarios. That's what introduction to the real world brings and LTC would be an identical position if it were there too.   

The reason behind the acceptance of bitcoin over other crypto and its success is that it was the first crypto to happen, I realized that I did read about it in newspaper but never really studied much about it, only to be very involved with btc after 2-3 years. The reason why BTC will always be superior to other crypto is not only its technical benefits but the already wide belief and acceptance.

Some people might call bitcoin, the dollar of the crypto currencies. Yes, bitcoin is the best based on its technical capabilities, it has been performing well and as halving comes near, it has peaked interest of everybody in the btc community. It is receiving good social attention too, the Deutsche bank recently had positive things to say about bitcoin. Their are many reasons why btc is the best crypto, just hoping it evolves into the best currency too.

So, I made the correct decision ......

[Amph]

Of my crypto investments most are in bitcoin and I'm confident that the value will grow over time, but I do have a small stash of litecoin.  My reason for keeping it is that the litecoin core developers seem to work well together, whereas there's been some infighting with bitcoin's core team.  The discord makes me just nervous enough to want a backup plan in case they cut off their nose to spite their face.

In terms of utility LTC is nowhere. That means there are no outside elements putting pressure on developers. It's just miners, traders and holders all holding hands and skipping along, and while things stay the way they are there's really no need for any more development which is what Mr Lee has said outright.

Bitcoin in comparison is heaving with conflicts of interest, turf wars, overbearing outside investment and multiple future possibilities and use scenarios. That's what introduction to the real world brings and LTC would be an identical position if it were there too.   

The reason behind the acceptance of bitcoin over other crypto and its success is that it was the first crypto to happen, I realized that I did read about it in newspaper but never really studied much about it, only to be very involved with btc after 2-3 years. The reason why BTC will always be superior to other crypto is not only its technical benefits but the already wide belief and acceptance.

it's not only because of that i mean bitcoin isn't the first choice only because it was the first, but simply because the other are pure clone they do not offer anything that cannot be implemented in bitcoin, this is the real reason

there is no groundbreaking altcoin out there, they born solely for the simple purpose of feeding your bitcoin wallet