what should I do, I invested a lot

[nuff]

 I will not say more, I’m feeling worse with more words, I don’t know whether to sell or hold for a long time, in a word, I'm waiting for a chance...

You could wait till btc rises then litecoin may follow suit, or it may not. But if btc rises then you would've missed the btc boat if you haven't bought into btc when the price is low. It's hard but it's better to offload any altcoins you have and just get into btc solely.

[1714656884]

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[1714656884]

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[carla17]

 I will not say more, I’m feeling worse with more words, I don’t know whether to sell or hold for a long time, in a word, I'm waiting for a chance...

You could wait till btc rises then litecoin may follow suit, or it may not. But if btc rises then you would've missed the btc boat if you haven't bought into btc when the price is low. It's hard but it's better to offload any altcoins you have and just get into btc solely.

Okay. I understand. Thanks very much....

[sgk]

hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?

In any case if you sell lower than you bought, you lose. Whether you believe in Bitcoin or not doesn't matter. If you sell now, you definitely lose. If you hold now, you have 2 options open - either you lose or you gain.

Choice is clear. Do not sell until Bitcoin rises to the prices you bought them for.

[peeveepee]

i got plenty LTC - not worried - not in any need to buy or sell

we will see a new ATH - the ONLY question is when...

Today is a good day to sell LTC all out and never look back again.

Fundamentally speaking, LTC future won't be any different than today or a month ago.

[Dafar]

i got plenty LTC - not worried - not in any need to buy or sell

we will see a new ATH - the ONLY question is when...

Today is a good day to sell LTC all out and never look back again.

Fundamentally speaking, LTC future won't be any different than today or a month ago.

Why? You can say the same about BTC then?


I got plenty of LTC, bought more at ~$4... not worried at all

[nuff]

i got plenty LTC - not worried - not in any need to buy or sell

we will see a new ATH - the ONLY question is when...

Today is a good day to sell LTC all out and never look back again.

Fundamentally speaking, LTC future won't be any different than today or a month ago.

Why? You can say the same about BTC then?


I got plenty of LTC, bought more at ~$4... not worried at all

same could be said for owners of bitcoin when they bought them at $5. or $12. or $48. or $120. or $266. or $330. or even $450.

[Rampion]

i got plenty LTC - not worried - not in any need to buy or sell

we will see a new ATH - the ONLY question is when...

Today is a good day to sell LTC all out and never look back again.

Fundamentally speaking, LTC future won't be any different than today or a month ago.

Why? You can say the same about BTC then?

Nonsense. LTC is a useless clone of Bitcoin, which only "added value" compared to Bitcoin was a different hashing algorithm (Scrypt) that was supposed to be ASIC resistant (no ASIC = no mining centralization). Nowadays we have Scrypt ASICs, thus Litecoin is completely useless.

There's no reason to hold LTC other than trying to sell at a premium to a "greater fool".

[Dafar]

i got plenty LTC - not worried - not in any need to buy or sell

we will see a new ATH - the ONLY question is when...

Today is a good day to sell LTC all out and never look back again.

Fundamentally speaking, LTC future won't be any different than today or a month ago.

Why? You can say the same about BTC then?

Nonsense. LTC is a useless clone of Bitcoin, which only "added value" compared to Bitcoin was a different hashing algorithm (Scrypt) that was supposed to be ASIC resistant (no ASIC = no mining centralization). Nowadays we have Scrypt ASICs, thus Litecoin is completely useless.

There's no reason to hold LTC other than trying to sell at a premium to a "greater fool".

Yeah I don't agree with you, at all,  but there is no point debating.. we'll just wait and see

[MoonTime]

You have to wait a lot, probably more than a year to get btc hit even 800 dollar mark. Don't make mistake of selling it low. Have faith.

[adamstgBit]

remember the fundamentals

Scarce
Durable
Portable
Divisible
Impossible to counterfeit
Fungible ( any 1 BTC has the same value as any other )
Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)


if this is worth less than 525$ to you, then get out now.

[nuff]

Nonsense. LTC is a useless clone of Bitcoin, which only "added value" compared to Bitcoin was a different hashing algorithm (Scrypt) that was supposed to be ASIC resistant (no ASIC = no mining centralization). Nowadays we have Scrypt ASICs, thus Litecoin is completely useless.

There's no reason to hold LTC other than trying to sell at a premium to a "greater fool".

That applies to all altcoins. Basically the game of altcoins is, be the early adopters in to generate insane amount of coins, bet on it to rise in value then sell all and move on to the next new altcoin. No altcoins can overtake the first mover that is Bitcoin, no matter how better they are than Bitcoin, because the way cryptocurrency works is that you can never generate more early than you are late, it's what make cryptocurrency deflationary and hence, give them value

[Bitcopia]

Nonsense. LTC is a useless clone of Bitcoin, which only "added value" compared to Bitcoin was a different hashing algorithm (Scrypt) that was supposed to be ASIC resistant (no ASIC = no mining centralization). Nowadays we have Scrypt ASICs, thus Litecoin is completely useless.

There's no reason to hold LTC other than trying to sell at a premium to a "greater fool".

I completely agree. I had a friend ask me about litecoin about a year ago. I told him it was pointless. It's even more pointless now that Scrypt ASICs exist. It's on par with Dogecoin, except it doesn't have the fun aspect and great marketing. I can't imagine it gains value in any significant way.

To OP, keep holding. The worst is either over, or will be over soon. Don't sell the bottom.

[the joint]

remember the fundamentals

Scarce
Durable
Portable
Divisible
Impossible to counterfeit
Fungible ( any 1 BTC has the same value as any other )
Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)


if this is worth less than 525$ to you, then get out now.

Do you think something like "popular" or "desirable" (not to be confused with scarce) should be considered as a requirement of good money?  Otherwise, how would you arrive at different conclusions for different alt-coins?   For example, BTC and DOGE have similar technical properties but BTC is worth more to me than DOGE because it's more popular and others believe it is more valuable, thus I'd rather get out of DOGE.

[the joint]

Nonsense. LTC is a useless clone of Bitcoin, which only "added value" compared to Bitcoin was a different hashing algorithm (Scrypt) that was supposed to be ASIC resistant (no ASIC = no mining centralization). Nowadays we have Scrypt ASICs, thus Litecoin is completely useless.

There's no reason to hold LTC other than trying to sell at a premium to a "greater fool".

I completely agree. I had a friend ask me about litecoin about a year ago. I told him it was pointless. It's even more pointless now that Scrypt ASICs exist. It's on par with Dogecoin, except it doesn't have the fun aspect and great marketing. I can't imagine it gains value in any significant way.

To OP, keep holding. The worst is either over, or will be over soon. Don't sell the bottom.

Referring to bolded section, what makes you reach the conclusion that scrypt ASICS make LTC "more pointless?"  I see scrypt ASICs as a great thing for the LTC network (e.g. greater network security, greater community investment, etc.).  I think that as SHA-256 is monopolized by BTC, every other decent mining algorithm will also become monopolized.  LTC has always been a dominant player among scrypt coins, and although it's seen some heavy competition from other coins like DOGE, I don't see scrypt or LTC going away anytime soon.  However, I would concede that, in general, the momentum behind LTC has been rather grim if you exclude the rallying we've seen over the past 48 hours.

One thing that I think severely limits LTC, however, is that while its 2.5 minute confirmation times make it more practical for in-person transactions (i.e. because 1 confirmation is infinitely better than 0 confirmations), I think this is still too slow.  That's one reason why I remain skeptical about LTC's future growth potential.

[steve777]

I would say hold. The real kick should come from the Winklevoss ETF - that will bring in a new class of investors. Some people and institutions see the value but want someone else to do the technical / legal hassle for them.

I'm pretty the ETF will get approved. When it does, I would conservatively say the price will double within weeks, if not days. There will literally be a tsunami of demand and new investment.

[dropt]

I'm pretty the ETF will get approved. When it does, I would conservatively say the price will double within weeks, if not days. There will literally be a tsunami of demand and new investment.

Why do you say that?  The Wink ETF, IIRC, is to be backed by the coins they already own.  They'll have to secure $105MM in investment before there is further demand for coin.

[MichaelBliss]

I'm pretty the ETF will get approved. When it does, I would conservatively say the price will double within weeks, if not days. There will literally be a tsunami of demand and new investment.

Why do you say that?  The Wink ETF, IIRC, is to be backed by the coins they already own.  They'll have to secure $105MM in investment before there is further demand for coin.

I think many of us expect market manipulation when the usual market manipulators get involved.    I also think ETFs have been responsible for bubbles (and crashes) in the past in other commodities markets (like platinum for example), so it's not unreasonable to expect the same when it comes to Bitcoin.  The ETF is supposed to track the commodity, but the reverse ends up happening.

[dropt]

I think many of us expect market manipulation when the usual market manipulators get involved.    I also think ETFs have been responsible for bubbles (and crashes) in the past in other commodities markets (like platinum for example), so it's not unreasonable to expect the same when it comes to Bitcoin.  The ETF is supposed to track the commodity, but the reverse ends up happening.

That's a seemingly fair assessment.  The only consideration to remember is the historics you've pointed out surround true commodities, ones that people know and understand.  Bitcoin is a little different in that regard, but I'll conceed that for the ETF participants it may not matter what exactly backs the ETF, as long as they can profitably trade it.

[Ayers]

Nonsense. LTC is a useless clone of Bitcoin, which only "added value" compared to Bitcoin was a different hashing algorithm (Scrypt) that was supposed to be ASIC resistant (no ASIC = no mining centralization). Nowadays we have Scrypt ASICs, thus Litecoin is completely useless.

There's no reason to hold LTC other than trying to sell at a premium to a "greater fool".

I completely agree. I had a friend ask me about litecoin about a year ago. I told him it was pointless. It's even more pointless now that Scrypt ASICs exist. It's on par with Dogecoin, except it doesn't have the fun aspect and great marketing. I can't imagine it gains value in any significant way.

To OP, keep holding. The worst is either over, or will be over soon. Don't sell the bottom.

Referring to bolded section, what makes you reach the conclusion that scrypt ASICS make LTC "more pointless?"  I see scrypt ASICs as a great thing for the LTC network (e.g. greater network security, greater community investment, etc.).  I think that as SHA-256 is monopolized by BTC, every other decent mining algorithm will also become monopolized.  LTC has always been a dominant player among scrypt coins, and although it's seen some heavy competition from other coins like DOGE, I don't see scrypt or LTC going away anytime soon.  However, I would concede that, in general, the momentum behind LTC has been rather grim if you exclude the rallying we've seen over the past 48 hours.

One thing that I think severely limits LTC, however, is that while its 2.5 minute confirmation times make it more practical for in-person transactions (i.e. because 1 confirmation is infinitely better than 0 confirmations), I think this is still too slow.  That's one reason why I remain skeptical about LTC's future growth potential.

you said it, scrypt make it monopolized and centralized, how is that good by any mean? if scrypt were not so damn fast in reaching a better hash they could have been good to be honest, but right now they are bad very bad, they are a run for who has more money

[bassclef]

Nonsense. LTC is a useless clone of Bitcoin, which only "added value" compared to Bitcoin was a different hashing algorithm (Scrypt) that was supposed to be ASIC resistant (no ASIC = no mining centralization). Nowadays we have Scrypt ASICs, thus Litecoin is completely useless.

There's no reason to hold LTC other than trying to sell at a premium to a "greater fool".

I completely agree. I had a friend ask me about litecoin about a year ago. I told him it was pointless. It's even more pointless now that Scrypt ASICs exist. It's on par with Dogecoin, except it doesn't have the fun aspect and great marketing. I can't imagine it gains value in any significant way.

To OP, keep holding. The worst is either over, or will be over soon. Don't sell the bottom.

Referring to bolded section, what makes you reach the conclusion that scrypt ASICS make LTC "more pointless?"  I see scrypt ASICs as a great thing for the LTC network (e.g. greater network security, greater community investment, etc.).  I think that as SHA-256 is monopolized by BTC, every other decent mining algorithm will also become monopolized.  LTC has always been a dominant player among scrypt coins, and although it's seen some heavy competition from other coins like DOGE, I don't see scrypt or LTC going away anytime soon.  However, I would concede that, in general, the momentum behind LTC has been rather grim if you exclude the rallying we've seen over the past 48 hours.

One thing that I think severely limits LTC, however, is that while its 2.5 minute confirmation times make it more practical for in-person transactions (i.e. because 1 confirmation is infinitely better than 0 confirmations), I think this is still too slow.  That's one reason why I remain skeptical about LTC's future growth potential.

you said it, scrypt make it monopolized and centralized, how is that good by any mean? if scrypt were not so damn fast in reaching a better hash they could have been good to be honest, but right now they are bad very bad, they are a run for who has more money

No hashrate of any coin is monopolized. There is no law preventing you or anyone else from inventing a newer, faster ASIC.