N00b has N00b questions

[Amanuensis]

Hi all:

So, I'm thinking of buying Litecoins. I take it the only reliable way is to get BC first. Now let's say all goes well, LC go through the roof and I'm rich, I tell you, rich. Assuming I don't cash out, is there any way to make sure the money doesn't just evaporate in case of, say,  24-hour panic? Etrading stocks, you can set a stop loss. Any way to do this with cryptos?

Also, and no offense meant to mods, but what would prevent someone who was escrowing and simply making off with $$ and LT from both buyer and seller? And tipping... is... optional?

Sorry if this is in a FAQ somewhere, thanks for reading.

[BTCLotto]

Hi all:

So, I'm thinking of buying Litecoins. I take it the only reliable way is to get BC first. Now let's say all goes well, LC go through the roof and I'm rich, I tell you, rich. Assuming I don't cash out, is there any way to make sure the money doesn't just evaporate in case of, say,  24-hour panic? Etrading stocks, you can set a stop loss. Any way to do this with cryptos?

Also, and no offense meant to mods, but what would prevent someone who was escrowing and simply making off with $$ and LT from both buyer and seller? And tipping... is... optional?

Sorry if this is in a FAQ somewhere, thanks for reading.

Nothing stops an escrow from running off with the coins only his/her conscience and it as happened before. Think you can get trading bots and set stop loss although I've never used one so can't recommend one.

[tins]

Hi all:

So, I'm thinking of buying Litecoins. I take it the only reliable way is to get BC first. Now let's say all goes well, LC go through the roof and I'm rich, I tell you, rich. Assuming I don't cash out, is there any way to make sure the money doesn't just evaporate in case of, say,  24-hour panic? Etrading stocks, you can set a stop loss. Any way to do this with cryptos?

Also, and no offense meant to mods, but what would prevent someone who was escrowing and simply making off with $$ and LT from both buyer and seller? And tipping... is... optional?

Sorry if this is in a FAQ somewhere, thanks for reading.

Do not use the forum to buy or sell your altcoins.
Sign up at a reliable exchange.
mcxnow.com
cryptsy.com

You can use your bitcoin to buy or sell any altcoin any time you want and it is much safer than a private transaction on the forum.