Litecoin is below 5 USD ,what should I do

[Nakashima]

It’s been a while since the dropping, people were talking in this forum ,about the price,  the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are :
Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more?
Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics?

Please try not to spread FUD or giving hope for no reason.Thx.

[zhinkk]

I'm not too familiar with altcoin prices, but do you think litecoin will rise back up as bitcoin rides back up to 600 or maybe 700? Maybe there's hope...

[srt1234]

I don't think Sam Cole would mine with this price, ltc price has dropped so much last week.

That said, if big players don't want to mine, it might be a good time for you to mine, as the DIFF will not keep increasing.

But the price might plummet under $1... in that case you are definitely screwed, 100%.

[Pope G]

you should get more asic imho
It's less than $20/M now

[lemfuture]

don't sell on loss. look for other investment opportunities at the meantime

[Feneusens]

Sell it, litecoin is still dropping in the long run to the low of $2...

[juicyjuice87]

Sell everything. Buy well established inavative coins like NXT. They actually deliver their promises not just talk about them

[zhinkk]

Sell everything. Buy well established inavative coins like NXT. They actually deliver their promises not just talk about them

If you're talking about being well established wouldn't litecoin win on that though?

[Justine]

LTC has never have any big rally since Dec/Jan.

I won't call the coin dead yet, but its future is not looking bright.

[Buratino]

Convert LTC to NXT/Bitshares/Monero in equal parts.

[devphp]

Sell LTC,
buy NXT with 80%,
split the rest 20% between NEM, Qora, BitsharesX, Dogecoin and Dogeparty.

[Oldminer]

Panic sell

[Keyara]

The price is already so low. Kind of pointless to sell.

[zhinkk]

The price is already so low. Kind of pointless to sell.

Lol so you're saying it's so low that the coin is now pointless?

[devphp]

The price is already so low. Kind of pointless to sell.

If one thinks it will be going even lower, it makes perfect sense to sell.

[Nakashima]

Panic sell

I couldn't agree more.

Give into the dark side and sell, sell, sell.....


~BCX~

so what will happen after the Panic sell ?

[Fraxinus]

Maybe you should sell it.Noone can tell for sure but I suspect it may continue it's fall for quite some time.
I see most people here think like this as well. 

[Nakashima]

Maybe you should sell it.Noone can tell for sure but I suspect it may continue it's fall for quite some time.
I see most people here think like this as well. 

 
I guess you're right, It seems like more and more people are losing faith in alternate,making me even sad just thinking of it

[Benjig]

Well we dont know if it will recover again like back in 2013 but a few things are different now, one of them is that litecoin has many more competitors than in last year.. and now it can be mined by asics so any coin out there with extra features is better.

[boraf]

I guess Bitpay will accept Litecoin very soon, so at this point I would keep them.

Where do you get this information?

I thought the litecoin creator is working for coinbase and yet there is no sign that they will process litecoin payment any time soon.