I am going all in on litecoin and heres why

[Nxtblg]

maybe

This post is GOLD, thanks OP for transcribing your mindset.

Should be teached in all trading school.

There is trading school?

Oh ya. Its formal name is the "School of Hard Knocks."

[Nxtblg]

Fomo in trading is no joke, it can can be so lovely and joyful but also one cold blooded cruel thing, i think op experienced the latter.

And fomo is actually the dark secret of bubbles. The old saw about bubbles being driven by "greed" is at best a half-truth. The real fuel of a bubble at its climax is fear of missing out.

That's why bubbles pop so easily. If a lotta folks are driven to buy by fomo, then the bubble market is rising through fear. A lot of the hysterical bulls are secretly fearful. And once the secret fear becomes open fear - once the fomo changes into plain fear - the bubble pops.

Yep: once the thinly-disguised fear becomes open fear, the carnage begins...

[funtotry]

Oh dear I feel for you OP, you brought at the top and 2 days later your all in is worth around 50% less    Crypto can be a cruel cruel world. Did you manage to sell over 5 and not take so big losses? Hope you did, on the bright side there was people who brought at $40+ 2 years ago and they held their bags ever since or took massive losses that make yours look small.

nah I was greedy. I heard ltc went to about 6 over night but I set my sell order at 8 just in case. Gonna keep holding

[altcoinUK]

How is our all in investor doing at the price of 3.80?

Anyway the question was purely academic, as I hope nobody believes here that the OP was all in instead of he is a shill who was trying to keep the hype for the pump.

Of course he is holding right now. I mean the message is that holding right now - so the dump can go into the current price.

[sidhujag]

Oh dear I feel for you OP, you brought at the top and 2 days later your all in is worth around 50% less    Crypto can be a cruel cruel world. Did you manage to sell over 5 and not take so big losses? Hope you did, on the bright side there was people who brought at $40+ 2 years ago and they held their bags ever since or took massive losses that make yours look small.

nah I was greedy. I heard ltc went to about 6 over night but I set my sell order at 8 just in case. Gonna keep holding

I don't understand I thought u sold and we're playing with 10ltc now only? So you've been holding since about $4.5 with all in?

[funtotry]

How is our all in investor doing at the price of 3.80?

Anyway the question was purely academic, as I hope nobody believes here that the OP was all in instead of he is a shill who was trying to keep the hype for the pump.

Of course he is holding right now. I mean the message is that holding right now - so the dump can go into the current price.

I am not actually a shill, I am an extremely retarded investor that caught the bubble too late.
Should of not went in litecoin, learned my lesson tho.

[sdmathis]

Fomo in trading is no joke, it can can be so lovely and joyful but also one cold blooded cruel thing, i think op experienced the latter.

And fomo is actually the dark secret of bubbles. The old saw about bubbles being driven by "greed" is at best a half-truth. The real fuel of a bubble at its climax is fear of missing out.

That's why bubbles pop so easily. If a lotta folks are driven to buy by fomo, then the bubble market is rising through fear. A lot of the hysterical bulls are secretly fearful. And once the secret fear becomes open fear - once the fomo changes into plain fear - the bubble pops.

Yep: once the thinly-disguised fear becomes open fear, the carnage begins...

You are so right. Most people don't realize it, but fear is a much more powerful force than greed is.

I am not actually a shill, I am an extremely retarded investor that caught the bubble too late.
Should of not went in litecoin, learned my lesson tho.

You're not as dumb as you think. You recognize and can admit to making a mistake. That's more than most people ca do, and it's the only way to become better at anything.

[funtotry]

Fomo in trading is no joke, it can can be so lovely and joyful but also one cold blooded cruel thing, i think op experienced the latter.

And fomo is actually the dark secret of bubbles. The old saw about bubbles being driven by "greed" is at best a half-truth. The real fuel of a bubble at its climax is fear of missing out.

That's why bubbles pop so easily. If a lotta folks are driven to buy by fomo, then the bubble market is rising through fear. A lot of the hysterical bulls are secretly fearful. And once the secret fear becomes open fear - once the fomo changes into plain fear - the bubble pops.

Yep: once the thinly-disguised fear becomes open fear, the carnage begins...

You are so right. Most people don't realize it, but fear is a much more powerful force than greed is.

I am not actually a shill, I am an extremely retarded investor that caught the bubble too late.
Should of not went in litecoin, learned my lesson tho.

You're not as dumb as you think. You recognize and can admit to making a mistake. That's more than most people ca do, and it's the only way to become better at anything.

YOLO, just went back in, and I actually made a couple dollars, it seems to be going quite well since then, been only going up. if it hits 5$, or more, I might just get out and forget litecoin.

[X68N]

maybe

This post is GOLD, thanks OP for transcribing your mindset.

Should be teached in all trading school.

There is trading school?

Yes,

http://www.babypips.com/school

[sidhujag]

maybe

This post is GOLD, thanks OP for transcribing your mindset.

Should be teached in all trading school.

There is trading school?

Yes,

http://www.babypips.com/school

Baby pips is not a formal school! Accredited?

[X68N]

maybe

This post is GOLD, thanks OP for transcribing your mindset.

Should be teached in all trading school.

There is trading school?

Yes,

http://www.babypips.com/school

Baby pips is not a formal school! Accredited?

lol i never heard of an old school building where traders get education.
All what i found on my years of self education is, there are only 2 ways to get knowledge.
1. pay a mentor
2. learn by yourself

Some mentors organise seminars, but i would count this not as a school since the seminar is limited to 1-3 days.
Babypips is more for selfeducation with some structure.

greetings

[Netnox]

Fomo in trading is no joke, it can can be so lovely and joyful but also one cold blooded cruel thing, i think op experienced the latter.

And fomo is actually the dark secret of bubbles. The old saw about bubbles being driven by "greed" is at best a half-truth. The real fuel of a bubble at its climax is fear of missing out.

That's why bubbles pop so easily. If a lotta folks are driven to buy by fomo, then the bubble market is rising through fear. A lot of the hysterical bulls are secretly fearful. And once the secret fear becomes open fear - once the fomo changes into plain fear - the bubble pops.

Yep: once the thinly-disguised fear becomes open fear, the carnage begins...

You are so right. Most people don't realize it, but fear is a much more powerful force than greed is.

I am not actually a shill, I am an extremely retarded investor that caught the bubble too late.
Should of not went in litecoin, learned my lesson tho.

You're not as dumb as you think. You recognize and can admit to making a mistake. That's more than most people ca do, and it's the only way to become better at anything.

YOLO, just went back in, and I actually made a couple dollars, it seems to be going quite well since then, been only going up. if it hits 5$, or more, I might just get out and forget litecoin.

Well that escalated quickly.

[sidhujag]

maybe

This post is GOLD, thanks OP for transcribing your mindset.

Should be teached in all trading school.

There is trading school?

Yes,

http://www.babypips.com/school

Baby pips is not a formal school! Accredited?

lol i never heard of an old school building where traders get education.
All what i found on my years of self education is, there are only 2 ways to get knowledge.
1. pay a mentor
2. learn by yourself

Some mentors organise seminars, but i would count this not as a school since the seminar is limited to 1-3 days.
Babypips is more for selfeducation with some structure.

greetings

I think we all learned the same way that's the point I was trying to make read my original quote

[X68N]

I think we all learned the same way that's the point I was trying to make read my original quote

ok,
I just wanted to point to a useful starting point for noobs  

greeting

[Nxtblg]

There is trading school?

Yes,

http://www.babypips.com/school

Baby pips is not a formal school! Accredited?

There actually is a program that looks legitimate: https://www.ifta.org/certifications/financial/ I don't know if it's "accredited" in the university sense.

This one offers a "Chartered Market Technician" certificate: https://www.mta.org/eweb/dynamicpage.aspx?webcode=chartered-market-technician It's "accredited" enough to rate an entry in Wikipedia.

[funtotry]

Litecoin is now over 5$, currently at around 5.2
If you wanted to get out at 5$, now's your chance but I think we will reach 6 in the next 24 hours.

[X68N]

There is trading school?

Yes,

http://www.babypips.com/school

Baby pips is not a formal school! Accredited?

There actually is a program that looks legitimate: https://www.ifta.org/certifications/financial/ I don't know if it's "accredited" in the university sense.

This one offers a "Chartered Market Technician" certificate: https://www.mta.org/eweb/dynamicpage.aspx?webcode=chartered-market-technician It's "accredited" enough to rate an entry in Wikipedia.

yes i heard about that too.
In my opinion these Certificates can't be compared to a bachelor or master degree.
Consider the Pirce what it costs to finish a bachelor vs these certificates.
You can compare them with Certificates like in the IT-Industry similar too Microsoft MSCE (or better)
https://en.wikipedia.org/wiki/Professional_certification_%28computer_technology%29

[funtotry]

Bitcoin hit 311, that is having a positive effect on the litecoin price, because to get fiat you got to go through btc first, and if btc is higher you get more money for your litecoins.
Litecoin sitting at the 5.2 mark

[NorrisK]

Bitcoin hit 311, that is having a positive effect on the litecoin price, because to get fiat you got to go through btc first, and if btc is higher you get more money for your litecoins.
Litecoin sitting at the 5.2 mark

So what is your plan? Getting excited about litecoin again or are you leaving to join at the top of the next peak again? :p

[funtotry]

Bitcoin hit 311, that is having a positive effect on the litecoin price, because to get fiat you got to go through btc first, and if btc is higher you get more money for your litecoins.
Litecoin sitting at the 5.2 mark

So what is your plan? Getting excited about litecoin again or are you leaving to join at the top of the next peak again? :p

I am getting off at the top, but that will probably be around 7 or 8$
I wont make the mistake of being greedy and trying to go higher like last time.