OP isn't doing so bad now, hope you're holding
Of course, I'm holding until it's at least $150-$200 / LTC
It's at $24 right now and I'm still at a loss, I'm just pissed I don't have any fiat to buy more LTC. I have some BTC stored in BTC-e that I can use to buy LTC, but I don't feel like buying in at 24 when it was 12 a few days ago...also BTC is rising too so maybe I should just hold on to more BTC... what do guys?
Classic investing mistake. I have noticed over the years that people with this investing attitude end up buying more when it gets to old highs. They always keep their eye on that $12 that never returns (?) and then get all anxious when old highs are taken out and end up caving in and buying before it gets too high....
Hold your BTC.
Buy LTC when you have the cash, don't wait for price points. You will cost average over time. If you believe LTC is going to $150+ and you won't buy at $24 because you saw $12.....well that's a whole new level of greed/stupidity.
If BTC/LTC last long term you are in a life long marathon. Not a sprint.
The above is correct. You have to evaluate if you are in this for the long haul, or just to try and make a quick profit. If you are in it for the long, then although $24 is twice as much as $12, it is still very low in the grand scheme of things. If you are just trying to quickly double your money or something like that, then you may want to hold off and hope for a dip.
When I first bought into BTC, I think I was buying in at like a 3 month high, and for that reason, i chose to buy a whole lot less than I initially planned on doing. Fast forward to now (and I am still holding the same BTC plus more), I should have put a lot more money in right off the bat because my dollar cost average would have been far lower than it is now.