Now you see how volatile this market is. I wasn't predicting that LTC will get to $20. I was saying that I've seen MANY 90% drops from ATH in BTC and LTC. Those that can withstand such a drop without flinching are the ones with lambos eventually. The others pay for these lambos.
https://t.co/ozcR11N68oa whale shorting bitcoin and dumping/crashing the market and then buys the absolute bottom from the newbie panic sellers is the one with the lambos not the kid with less than $100 invested in bitcoin which has nightmares when price goes up and down
and it is just different strategies to hold and not flinch or not sell and buy back at the bottom. you can't really say which one is more successful. the person who is buying and holding in cold storage is taking less risk but the one trading is bigger risks while the exchange can run away with all he has and he goes down to 0.
Words from Charlie, the man who sold all of his cryptos last December. Also, he created LTC.
I doubt if he has sold as much as he claims he did.