Quote:
Originally Posted by CurrentlySober
Well yes it does, but thats not what I'm reffering to...
Let me go into a bit more detail.
I bought some litecoins last september - Just for fun, not expecting to get rich. I paid £45.00 each. But we are only gonna talk about the value of one coin, so lets say just £45.00
A few days later it was worth just over £50, and then it wet to £55 / £60... It continued to climb until at one point, it was worth about £260 a coin. That was around January and it's been dropping ever since. It stayed at £88 for ages, then £67, then £55 and as I type this it's currently worth £46.28p
Now I've always said that if it reaches the £45 I paid, I will sell and call it a day. Not because I cunt a4d2 lose it... Just cause I may as well cash out and get my money back.
My point of this post was did anyone think there would be a resurgence in litecoin value, or is this the end of it?
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Ok i get what you are saying long term i think it will go back up but that could be a year from now. This is what has happened to me in the past i sell when i think its going to drop more and it normally takes off leaving me with less coins.
You have to have real faith in a coin to hold long term.