When Litecoin dips really low in price, I am buying a LOT!

[skarais]

~Skip
the correct strategy when buying altcoins is to buy them when they are starting to pump instead. which means when you saw the price is starting to rise fast and a big volume is being injected in the market pumping the price up. that is when you should buy.

This strategy is perfect for short-term investments, right? For long-term investment, maybe the right time to buy altcoin is when prices start to fall. Buy and hold for long-term investments and set profit targets. Investment is an activity carried out in the hope of getting a profit. I think the profit target in one type of crypto investment must be determined in advance, because prices are very volatile and high volatility.

[lienfaye]

I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last.

After the last bull run many investors regret not selling because they thought the price would not go down anytime but we're wrong. Not selling when the price is on peak price is a common mistake of an investor so sometimes its better to sell once you see the price is increasing.

LTC is a good coin and worth to hold for long period, I already sell my ltc before after seeing an opportunity to take profit. Now im planning to buy again when the price is much cheaper.

[Obito]

Over the years, Litecoin has been reliable for surging when BTC price pops.  Last winter I bought 15 LTC at $30 each, along with many other alt coins.  However, I foolishly didn't sell it at $140 a few months later and the price has retreated.

So I'll be ready for the next price cycle.  Buy low sell high!  When I feel the price has bottomed, I will buy hundreds of LTC.

I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last.

This is something very important that bitcoin enthusiast must come in notice. Too much an expectation will turn out against itself. As we barely see the path a head you may feel as though there would be a huge ride up in the market.  But I'm glad you did continue doing your stuff here. Majority would've quit as bull run didn't happen so a while now. On the other hand, regret is a huge factor swallowing up whole those who quit. Thanks for sharing this by the way!

 Like me in my wife, it shot its load too soon.

This got me mate!  

[bonyaserg]

Personally, I watched this interesting Litecoin coin for a very long time and every time I wish to buy it. And all the time I put off the purchase of this coin. At first I began to thoroughly analyze the market and then decided to buy some of these coins. And he did it in such a way that this investment would bring me very good profit in the future. I am sure that in the near future this coin will become very stable in this market.

[TitanGEL]

It is really risky decision to buy LTC when it dips more because the market is still bearish. The bearish market consists of lower lows and higher lows and the selling pressure is really high so the chances of its price to go down is very high.

[Red-Apple]

the only chance that litecoin had was its halving to get a big pump but since the pump failed at that time and many of those who bought it in the hopes of that pump ended up either losing their money or best case scenario didn't make any profit, they all gave up on LTC.
this means that next time a pump is building up, people may not trust it and may not buy it as enthusiastic as they should be buying it and that means yet another failed pump attempt.

[dcomomal]

LTC is one of the most undervalued coins on the market, in my opinion it has a lot of advantages in front of BTC, especially the transaction speed and transaction costs and the fact that one of the oldest altcoins costs around 70 bucks is very surprising.

[Ss4sukE]

yes I understand what you mean, I personally also added a number of LTC to my wallet, but honestly I used to use LTC only as a necessity, I mean like for transactions. but over time I started using this for long term investment too. I am sure this altcoin has great potential in the future.

[smyslov]

Over the years, Litecoin has been reliable for surging when BTC price pops.  Last winter I bought 15 LTC at $30 each, along with many other alt coins.  However, I foolishly didn't sell it at $140 a few months later and the price has retreated.

So I'll be ready for the next price cycle.  Buy low sell high!  When I feel the price has bottomed, I will buy hundreds of LTC.

I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last.  Like me in my wife, it shot its load too soon.  

15 LTC at $30 each?? You're lucky to buy that 15 Litecoin at that cheap price even if you did not sell that at its all-time high you are still in profit, and you should not sel it at this point of time Bitcoin halving is coming and when Bitcoin move up all the coins are going to move up also and that includes Litecoin, I will be happy if I can sell it at three times profit, but it still a good time to accumulate more. 

[ufaiz50]

Over the years, Litecoin has been reliable for surging when BTC price pops.  Last winter I bought 15 LTC at $30 each, along with many other alt coins.  However, I foolishly didn't sell it at $140 a few months later and the price has retreated.

So I'll be ready for the next price cycle.  Buy low sell high!  When I feel the price has bottomed, I will buy hundreds of LTC.

I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last.  Like me in my wife, it shot its load too soon.  

I often experience things like this in trading, the most peak when prices continue to rise in 2017, almost as long as cryptocurrency to the moon. All I do is sell when it hasn't fully peaked yet, but I realize I'm sorry there's no point and I don't know it will go up that high either. What you will do to buy LTC is a good choice, but you also need to understand the market situation. In my opinion the market could have done the reverse with last year's price history.

[DevilSlayer]

When I did buting at dips before, I experienced loss when I buy at dips because I thought that the price is now cheap and there is a dip that happens again. I cut my position because I know that it will go down more. LTC is a good coin but I do not have plan to buy dips at it.

[Indrawan77]

That is actually a good plan, ltc several times has been a better choice than btc, the rising is pretty good, and there are some rumors mention that something big is waiting to happen, I already stock some ltc for long time investment and if a lot of people think like this then maybe ltc could bring a lot of profit in the future

[NathanJB]

When I did buting at dips before, I experienced loss when I buy at dips because I thought that the price is now cheap and there is a dip that happens again. I cut my position because I know that it will go down more. LTC is a good coin but I do not have plan to buy dips at it.

The track record of Litecoin is clear enough that it is not a disappointing coin nor a disappointing project. When I buy at a dip thinking that it is already hitting the lowest point and it turned out that I was wrong, I would rather HODL it rather than sell it with a loss with the goal of cutting my loss. That is not practical for me.  At the end of the day, there will always be a rebound for Litecoin.

[Nivia1st]

Over the years, Litecoin has been reliable for surging when BTC price pops.  Last winter I bought 15 LTC at $30 each, along with many other alt coins.  However, I foolishly didn't sell it at $140 a few months later and the price has retreated.

So I'll be ready for the next price cycle.  Buy low sell high!  When I feel the price has bottomed, I will buy hundreds of LTC.

I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last.  Like me in my wife, it shot its load too soon.  

don't give up because there is still another chance. Litecoin is still worth investing, so your decision to buy more is not wrong. but the advice is always to use the target every time you trade, because the target is very important. don't be a greedy person, you feel it more. so try not to experience the same thing in the future.

[takngantuk]

When I did buting at dips before, I experienced loss when I buy at dips because I thought that the price is now cheap and there is a dip that happens again. I cut my position because I know that it will go down more. LTC is a good coin but I do not have plan to buy dips at it.

The track record of Litecoin is clear enough that it is not a disappointing coin nor a disappointing project. When I buy at a dip thinking that it is already hitting the lowest point and it turned out that I was wrong, I would rather HODL it rather than sell it with a loss with the goal of cutting my loss. That is not practical for me.  At the end of the day, there will always be a rebound for Litecoin.

yes you're right, rather than selling it better to wait a little longer. because ltc is one good altcoin. so sooner or later in the end the coin will surely rise. and one more buy is also good, it will increase profits when the price rises later. I also sometimes do this. rather than selling, buying more is more profitable. what more for large coins like litecoin.

[Paycheck]

I do not understand why people are still shilling Litecoin. For me it is a testnet for Bitcoin, nothing else. Why would you use Litecoin, when you have Lightning Network? Litecoin palns to add privay feature, but Bitcoin can also add this feature. 

I couldn't care less what Litecoin is ever used for.  If it is ever used for anything.  All I care about is Buy Low + Sell High = PROFITS!!!!!

Last winter I watched the LTC price steadily dribbling downwards.  I could have bought it at $23, but I was waiting for it to get under $20.  Then it started going up, so I had to do an OSHITHURRYUPANDBUYNOW!!!!! thing.  And I got in at $30.

I'm hoping for similar price moves this winter.  If I'm lucky I will time the bottom a little better.

[alan2here]

That is actually a good plan, ltc several times has been a better choice than btc, the rising is pretty good, and there are some rumors mention that something big is waiting to happen, I already stock some ltc for long time investment and if a lot of people think like this then maybe ltc could bring a lot of profit in the future

Litecoin has probably been the biggest coin decline in the last 3 months and this is considered a very good opportunity to buy cheap because I believe that in the next few months LTC will have many new growth. The current price of $54 is a very cheap price and if you choose to invest in the long term, this will be an investment worth waiting for in the near future. I personally believe that LTC will soon have many big changes and this coin will increase in the spring of 2020.

Of course, everyone wants to make a profit in this market but choosing the right time to invest is very difficult because the big fluctuations can greatly affect your investment.

[NathanJB]

When I did buting at dips before, I experienced loss when I buy at dips because I thought that the price is now cheap and there is a dip that happens again. I cut my position because I know that it will go down more. LTC is a good coin but I do not have plan to buy dips at it.

The track record of Litecoin is clear enough that it is not a disappointing coin nor a disappointing project. When I buy at a dip thinking that it is already hitting the lowest point and it turned out that I was wrong, I would rather HODL it rather than sell it with a loss with the goal of cutting my loss. That is not practical for me.  At the end of the day, there will always be a rebound for Litecoin.

yes you're right, rather than selling it better to wait a little longer. because ltc is one good altcoin. so sooner or later in the end the coin will surely rise. and one more buy is also good, it will increase profits when the price rises later. I also sometimes do this. rather than selling, buying more is more profitable. what more for large coins like litecoin.

Instead of selling at a loss to prevent more losses, one could instead buy more so that by the time the price changes direction, you will have more profit. And one more thing, a loss in terms of USD price value is not really a loss. It is just the price moving. But if you decide to sell, then that is what loss means. That cannot be recovering its price anymore because you are already selling it at a cheaper one.

[nasipadang]

Over the years, Litecoin has been reliable for surging when BTC price pops.  Last winter I bought 15 LTC at $30 each, along with many other alt coins.  However, I foolishly didn't sell it at $140 a few months later and the price has retreated.

So I'll be ready for the next price cycle.  Buy low sell high!  When I feel the price has bottomed, I will buy hundreds of LTC.

I didn't sell my LTC for $140 in June because I thought BTC was beginning its next huge price swing, and it didn't last.  Like me in my wife, it shot its load too soon.  

Are you sure you want to do that? think more rationally, because maybe the price round doesn't happen. Act according to market conditions, I'm sure many experience the same thing as you. When prices are low it's a good place to buy but it would be better not to wait for high profits and try to sell at definite profits.

[Genemind]

I have bought litecoin as well and have been holding it for months but I only have a certain goal and I'm not aiming for a very high profit because that could only result in losses in the future. We should know how to set limits and control our emotions even during the hype. Litecoin has a huge potential and I have no doubt that if we'll only wait for the right time to sell, we'll surely gain a good profit through it.