Litecoin less than historic dump

[smoothie]

Much better to invest the LTC in dividend bearing assets while waiting.

I disagree. Counter-party risk is not worth the dividend.

[creativex]

Litecoins are already a tremendous risk. Mitigating risk by just sitting on cryptocoins that can turn worthless over night doesn't seem like much mitigation at all to me, but that's just my perspective. The best reason to swap BTC for LTC for me has been burnside's fantastic exchange, but YMMV.

[smoothie]

Litecoins are already a tremendous risk. Mitigating risk by just sitting on cryptocoins that can turn worthless over night doesn't seem like much mitigation at all to me, but that's just my perspective. The best reason to swap BTC for LTC for me has been burnside's fantastic exchange, but YMMV.

There is no counter-party risk holding LTC. Holding assets denominated in LTC like say a security or a loan is MORE risky.

Got it?

Oh wait...nevermind...go ahead and watch as you lose more money by getting scammed or not having enough liquidity to exit a stock/security.

[creativex]

If counter party risk is the boogeyman you fear then don't invest. Clearly it's riskier to invest than not, but counter party risk is not what's wiped out 33% of LTC's value in the last couple weeks and 100% of LTC value could theoretically be wiped out overnight with zero counter party risk.

Investing your LTC in dividend bearing shares rather than just sitting on them a couple weeks ago would've resulted in precisely the same number of shares owned today and some dividend growth since.

[smoothie]

If counter party risk is the boogeyman you fear then don't invest. Clearly it's riskier to invest than not, but counter party risk is not what's wiped out 33% of LTC's value in the last couple weeks and 100% of LTC value could theoretically be wiped out overnight with zero counter party risk.

Investing your LTC in dividend bearing shares rather than just sitting on them a couple weeks ago would've resulted in precisely the same number of shares owned today and some dividend growth since.

LOL go invest your money then...watch your investment lose over time.

Or ...be scammed. lol

I've seen this movie before. Please entertain me.

 

[creativex]

Invested on 11/9. Up 43.83%, thanks.

Not really interested in entertaining you, only sharing perspective.

[smoothie]

Invested on 11/9. Up 43.83%, thanks.

Not really interested in entertaining you, only sharing perspective.

LOL

Invested into...

Invested how much...??

Proof or it did not happen lol.

Wait, wait, wait you're going to say..."I don't need to prove anything"....but yet make baseless claims of "profit".

LOL

 

P.S. No one said you had a say in entertaining me. I'm already entertained and I am quite sure I will be entertained in the days and weeks to come.

[creativex]

Oh you're one of those...everyone's a liar until proven otherwise.

What do you want me to do...send you my login and password to litecoinglobal? No thanks.

I could send you the spreadsheet I created for portfolio tracking, but you'd likely just call it made up.

You believe whatever you like. Fact is, most people invest poorly, particularly with cryptocoins. They sell high yield stocks right after dividends are paid and horribly overpay right before they're paid out. It's easy to turn a profit doing the opposite of the herd.

Deposits = 11456.72181580, withdrawals = 4404.16739096. Net deposits = 7052.5542484.

Current value =  10143.65. (10143.65 - 7052.554284)/7052.5542484 =  43.82944968%

This includes both transactions fees and dividends.

[smoothie]

Oh you're one of those...everyone's a liar until proven otherwise.

What do you want me to do...send you my login and password to litecoinglobal? No thanks.

I could send you the spreadsheet I created for portfolio tracking, but you'd likely just call it made up.

You believe whatever you like. Fact is, most people invest poorly, particularly with cryptocoins. They sell high yield stocks right after dividends are paid and horribly overpay right before they're paid out. It's easy to turn a profit doing the opposite of the herd.

Deposits = 11456.72181580, withdrawals = 4404.16739096. Net deposits = 7052.5542484.

Current value =  10143.65. (10143.65 - 7052.554284)/7052.5542484 =  43.82944968%

This includes both transactions fees and dividends.

  It didn't happen.

[creativex]

Okies, if you say so.

[smoothie]

Okies, if you say so.

 

[SaltySpitoon]

Stocks can be a good idea done right, they can provide a few extra LTC, keep you from spending the current LTC you have. If you have a share that you buy for $5 in LTC, and then the value of LTC drops, that share should still be worth around $5 in LTC, so you made a LTC profit. That isn't always the case though; there are always scammers, low liquidity so you can't sell off as fast as you would like and may be forced to sell for less than you would like, LTC value increase and your stocks are worth less, etc.

I bought a few hundred LTC Global stocks @ 26 LTC each a long while ago, right as it was starting to get some attention. That was about $1-$.75 per share, going for about 200 LTC now @ $.06, $12. Well neat.

[smoothie]

Stocks can be a good idea done right, they can provide a few extra LTC, keep you from spending the current LTC you have. If you have a share that you buy for $5 in LTC, and then the value of LTC drops, that share should still be worth around $5 in LTC, so you made a LTC profit. That isn't always the case though; there are always scammers, low liquidity so you can't sell off as fast as you would like and may be forced to sell for less than you would like, LTC value increase and your stocks are worth less, etc.

I bought a few hundred LTC Global stocks @ 26 LTC each a long while ago, right as it was starting to get some attention. That was about $1-$.75 per share, going for about 200 LTC now @ $.06, $12. Well neat.

Two issues:

1. Counter party risk

2. Liquidity

[ElectricMucus]

It's the same thing with btc-e though.

[smoothie]

It's the same thing with btc-e though.

Solution: Don't keep your LTC there unless you are selling.

Solved.

LOL

 

[ElectricMucus]

obviously

[smoothie]

obviously

Yes. Obviously you forgot to mention that as part of your argument initially. LOL good job buddy! 

[ElectricMucus]

I wasn't arguing just mentioning the simple fact.

But since you're asking for it: Unless you mined them you have the same issues each time you make a trade. Even when you withdraw them to your wallet. (I have btw)

[smoothie]

I wasn't arguing just mentioning the simple fact.

But since you're asking for it: Unless you mined them you have the same issues each time you make a trade. Even when you withdraw them to your wallet. (I have btw)

No one said you were arguing. I would call it backpedaling. LOL!


"obviously"

 

[ElectricMucus]

oh boy you must be really bored. 

alright I yield to your great trolling powers!