yeah gotta agree with most here. I could never bring myself to sell this low. I did sell some around 400 but bought back in at 305 ish this past week
i sold on these assumptions:
-price was too high because last bubble was too high because willybot
-we broke longterm trendline on btc so the very longterm trend was broken which is actually fatal
-no buypressure
-possible stolen gox-coins being sold
-litecoin will be dragged down with it
-inflation for both ltc and btc is high which means price will keep bleeding down
-some early adopters might loose hope right now and there could be big bags looking for the exit
i might rebuy a few weeks before the halvings.
I think price can go much lower and i can see more panicsells happen.
Litecoin fucked enough with me. It's not going to rise before bitcoin does so no point in holding it now. Can still buy when bitcoin goes up.
Sure took a loss but can rebuy lower later in case btc and ltc do not completely fail which is also an option imo.
Crypto will not die and i think there's some promising coins which are currently under value.
With buying low infla coins i think can't go wrong because they will go up when bitcoin does and go up when bitcoin doesn't.
In case btc fails low infla coins is the place to be. Had enough of miners bleeding my money out ...
Crypto-space is still small and there's not enough people and money here to support the marketcap of btc with that inflation. Google trends shows very low interest in btc which is no surprise with this performance.
So i actually think it will fail and people in crypto will rush to the exit or to a coin that can be sustained/is cheaper to run.
Maybe people still want btc even after it hit 50$ but by that time it will be an altcoin itself.
280$ now and no buypressure at all. It's going to sell off further from here. In case it breaks below 250$ it will be below the ATH of spring 2013 and i expect a real panic in that event.
Litecoin will be under 50 cents then.
In case i am wrong i can still rebuy a little higher and be back in with a few coins less ... a dollar is a dollar
I had to make a decision. I decided not to sit there and watch my money melt away for another year or two.
