LiteCoin - Lowest its been since I bought in September last year...
 

Is it over you think? You don't seem to hear about crypto as much these days and it's been in a gradual drop since early this year...

Can you see any resurgence?

I bought some litecoin last October but sold it in January - it just didn't seem to move at all.

if crypto goes up now, then it wont die anytime soon.

this is turning point. it either goes up and makes history or goes down as a ponzi scheme.

It goes up and down all the time

I traded it a bit last winter when things were going crazy. Not enough interest to give it the attention it would require so I sold everything off.

I'm still holding my crypto stash (btc and ltc), but I don't stress it much at all (mostly coz I got mine when it was 3 EUR or something, ages ago)

I'm kinda predicting that crypto will die somewhere in next 12 months

tech is there for a lot of years now and nothing moves forward, no broad use or something

A finance system that does not inflate, or lie, and people are skeptical, good, that means the governments have controlled you well. :1orglaugh

My neighbor just told me that he has put his entire life savings in Bitcoin just a week ago. Not a huge amount of money, but never the less it's all he has. Im not sure that was a wise move? I did warn him to diversify but he is way too stubborn to listen to anyone so i guess it's his own fault if it all goes apeshit.

all in on anything seems unwise, but he'll probably be fine

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?

Litecoin and more or less all other crypto are just following whatever bitcoin does.
At the moment we are still in a sell off period prior to the ETF decision in September. I expect it to go down before then and probably bump slightly after that.

Depending on what happens with the ETF I expect it to really kick off mid to late next year.

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.

I heard that Amazon may be bringing its own coin out? Anyone heard this ?

what is that cool website that tracks all the coins and charts their market cap?

to answer my own question:

https://coinmarketcap.com/

It seems like those guys on here who built their own exchange and coin, backed by porn, quit too early. Lots of these smaller coins had a huge peak between May 17 and Jan 2018.

Why not cash out now for the little profit you made and call it a day?

Focus your toy money on more fun ventures if you are on the rocks about this.

was this post from 5 years ago?


it's already recovered from a number of drops over time. what makes this any different?

ps look up what a ponzi scheme is, that isn't the same thing.

I stopped investing. Sure it may go up, but I have other things to worry about. I still own what I bought originally. I'm just gonna forget about it lol.

if you aren't swing/day trading, just forget about them for a few years. crypto is still very much in it's infancy (and wild west).

not here, and not in the media clickbait as per the parabolic rise. Crypto is very much alive and well (though it has a bout of flu atm :winkwink: )

It's poo-ssible

:thumbsup

i'll say it again, nobody knows anything about the future increase/decrease in value of crypto :2 cents:

If you read this article: https://medium.com/@bitfinexed/coinb...n-be64ead3facc you'll see that litecoin is pretty much dead.

That user "Bitfinex’ed" is a popular conspiracy theorist, he has been throwing garbage theories around for years, anything that is BTC, LTC, Bitfinex, etc related. His main issue was USDT/Tether and his reason for creating the theory about Tether was "Bcos there's no way they have billions of USD in any bank account", no evidence or facts.

In an interview he admitted to selling his entire BTC stash around $800 and hoped to buy them back at a lower rate. Ask yourself this, does he have ulterior motive? YES. He is another bithurt mofo :2 cents:

I made the mistake of assuming that Litecoin would (generally) track Bitcoin, and had been using LTC when BTC fees were ridiculous, so I kept a lot of my holdings in LTC. Wish now I'd immediately converted it to BTC.

He uses "I" alot - bad sign in a scholarly analysis.

I agree. Btw, check his interview, Bitfinexed with Jimmy Song:

https://www.youtube.com/watch?v=TerIjELO7IY