Author Topic: Here is why I bought 100,000 LTC under $8  (Read 16816 times)

Offline m50b25

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Re: Here is why I bought 100,000 LTC under $8
« Reply #30 on: August 21, 2014, 09:06:15 PM »
My question is why you want people to know.
Most whales keep things quiet. Unfortunately we have a few untrustworthy lurkers amongst us and you've now made yourself a target.

I agree.  Maybe he's just trying to boost confidence in the coin, but IMO this isn't the wisest move if I were in his position.

I dont have anything near that amount ltc. But what would be the a wise thing to do if you own that amount och ltc?

Offline AT101ET

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Re: Here is why I bought 100,000 LTC under $8
« Reply #31 on: August 21, 2014, 09:32:34 PM »
My question is why you want people to know.
Most whales keep things quiet. Unfortunately we have a few untrustworthy lurkers amongst us and you've now made yourself a target.

I agree.  Maybe he's just trying to boost confidence in the coin, but IMO this isn't the wisest move if I were in his position.

I dont have anything near that amount ltc. But what would be the a wise thing to do if you own that amount och ltc?

Keep at least 90% offline in multiple cold wallets.
Use the 10% for trading purposes and also to help increase litecoin usage.
That could be via helping fund campaigns to market LTC amongst many other things :)

Offline tubecamgirl

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Re: Here is why I bought 100,000 LTC under $8
« Reply #32 on: August 27, 2014, 02:29:46 PM »
LOL...  the money is all gone...it was spent at tubecamgirl.com

LOL I wished so :)

Offline keithers

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Re: Here is why I bought 100,000 LTC under $8
« Reply #33 on: August 27, 2014, 05:10:48 PM »
LOL...  the money is all gone...it was spent at tubecamgirl.com

LOL I wished so :)

Haha, I gave you a little plug there...didn't know if you had noticed

Offline Dafar

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Re: Here is why I bought 100,000 LTC under $8
« Reply #34 on: December 10, 2014, 07:20:12 PM »
Quote
Once a bottom is clearly established ( we are not far as drops have been reduced now) and shorting is no more rewarding price shall prop up quickly ( above 50 CNY so $8). And when gains start occurring chinese trader will go long again and heavy gains induce panic buying esp. in china.. I believe LTC will trade between $12-$20 whenever BTC props up through coming ETF, hopefully by late 2014.

Wow OP... how much money did you lose on your dead wrong prediction?

Offline wiggl3r

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Re: Here is why I bought 100,000 LTC under $8
« Reply #35 on: December 10, 2014, 08:32:46 PM »
100,000*8 = 800,000 Purchase Price
100,000*3.57 = 357,000 Current Price.

Loss = $443,000

Ouch, how did your wife/gf/mobbosswhogaveyouthemoney take the news?

Sorry for your misfortune

Offline Sukarti

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Re: Here is why I bought 100,000 LTC under $8
« Reply #36 on: December 10, 2014, 09:08:43 PM »
Quote
Once a bottom is clearly established ( we are not far as drops have been reduced now) and shorting is no more rewarding price shall prop up quickly ( above 50 CNY so $8). And when gains start occurring chinese trader will go long again and heavy gains induce panic buying esp. in china.. I believe LTC will trade between $12-$20 whenever BTC props up through coming ETF, hopefully by late 2014.

Wow OP... how much money did you lose on your dead wrong prediction?

You don't lose money until you sell. The race is far from over.

Be patient. Profit.

Offline Smoothie

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Re: Here is why I bought 100,000 LTC under $8
« Reply #37 on: December 10, 2014, 09:38:30 PM »
100,000*8 = 800,000 Purchase Price
100,000*3.57 = 357,000 Current Price.

Loss = $443,000

Ouch, how did your wife/gf/mobbosswhogaveyouthemoney take the news?

Sorry for your misfortune

Perhaps the OP can tell us all where he stands on the price given he is a pretty large holder of LTC.

Offline blackbird307

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Re: Here is why I bought 100,000 LTC under $8
« Reply #38 on: December 11, 2014, 08:43:06 AM »
Quote
Once a bottom is clearly established ( we are not far as drops have been reduced now) and shorting is no more rewarding price shall prop up quickly ( above 50 CNY so $8). And when gains start occurring chinese trader will go long again and heavy gains induce panic buying esp. in china.. I believe LTC will trade between $12-$20 whenever BTC props up through coming ETF, hopefully by late 2014.

Wow OP... how much money did you lose on your dead wrong prediction?

You don't lose money until you sell. The race is far from over.

Be patient. Profit.

Couldn't agree more! Litecoin just got out of a 12 month long downtrend!

Offline biggen

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Re: Here is why I bought 100,000 LTC under $8
« Reply #39 on: December 12, 2014, 03:13:07 PM »
If he had that much money to invest, he probably isn't in any rush to sell. 

However, when will it be time to recognize that LTC isn't the 'future' and it isn't worth investing in it over traditional funds?  Even the most optimistic on this board have to have voices in the back of their head telling them that LTC has already peaked.

Tell the truth.  None of you super-pro LTC guys are having second thoughts yet??  A year ago, LTC peaked at $50.  Now it is under $3.5.  Who is still buying this?  The only people that made a ton of cash were those that mined/bought when it was at sub $1 levels in the Spring of 2013.

Offline Bossman

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Re: Here is why I bought 100,000 LTC under $8
« Reply #40 on: December 13, 2014, 02:35:46 AM »
None of you super-pro LTC guys are having second thoughts yet??

nope still hodlin...

Offline Sukarti

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Re: Here is why I bought 100,000 LTC under $8
« Reply #41 on: December 13, 2014, 03:56:57 AM »
If he had that much money to invest, he probably isn't in any rush to sell. 

However, when will it be time to recognize that LTC isn't the 'future' and it isn't worth investing in it over traditional funds?  Even the most optimistic on this board have to have voices in the back of their head telling them that LTC has already peaked.

Tell the truth.  None of you super-pro LTC guys are having second thoughts yet??  A year ago, LTC peaked at $50.  Now it is under $3.5.  Who is still buying this?  The only people that made a ton of cash were those that mined/bought when it was at sub $1 levels in the Spring of 2013.

Still buying. Mining thousands a week.

LTC has bubbled up several times, this is nothing new. We are simply in the cycle of BTC & LTC.

The more panic, the more you should buy.

Offline TheMage

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Re: Here is why I bought 100,000 LTC under $8
« Reply #42 on: December 14, 2014, 02:06:48 AM »
If he had that much money to invest, he probably isn't in any rush to sell. 

However, when will it be time to recognize that LTC isn't the 'future' and it isn't worth investing in it over traditional funds?  Even the most optimistic on this board have to have voices in the back of their head telling them that LTC has already peaked.

Tell the truth.  None of you super-pro LTC guys are having second thoughts yet??  A year ago, LTC peaked at $50.  Now it is under $3.5.  Who is still buying this?  The only people that made a ton of cash were those that mined/bought when it was at sub $1 levels in the Spring of 2013.


Sorry, im not having second thoughts at all.

Offline Gizmoh

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Re: Here is why I bought 100,000 LTC under $8
« Reply #43 on: December 14, 2014, 06:48:02 AM »
Volume and volatility at okcoin is low, traders are not eager to short anymore! LTC is just waiting for BTC to end its bear phase.
2015 looks promising for LTC as halving approaches ( August 2015: http://bitstacks.org/litecoinClock.html )


I haven't even made calculations of losses, as this is a long term investment, I'm just averaging down.


Check DanV recent prediction that LITECOIN COULD BE ABOUT TO SEE THE DAY LIGHT

https://www.tradingview.com/v/WlMEoJ1d/

Offline AT101ET

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Re: Here is why I bought 100,000 LTC under $8
« Reply #44 on: December 14, 2014, 06:49:27 AM »
Volume and volatility at okcoin is low, traders are not eager to short anymore! LTC is just waiting for BTC to end its bear phase.
2015 looks promising for LTC as halving approaches ( August 2015: http://bitstacks.org/litecoinClock.html )


I haven't even made calculations of losses, as this is a long term investment, I'm just averaging down.


Check DanV recent prediction that LITECOIN COULD BE ABOUT TO SEE THE DAY LIGHT

https://www.tradingview.com/v/WlMEoJ1d/

LTC will bounce back.
Good to see you're not panicking.
GL! Let's hope 2015 brings with it lots of success :)