Author Topic: Here is why I bought 100,000 LTC under $8  (Read 16129 times)

Offline TheMage

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Re: Here is why I bought 100,000 LTC under $8
« Reply #45 on: December 14, 2014, 07:08:29 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 :)

Well with the halving on oct 2015 I will expect a huge bull run.....the likes that only BTC has seen.

Offline losh11

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Re: Here is why I bought 100,000 LTC under $8
« Reply #46 on: December 14, 2014, 01:45:03 PM »
OH SHET

Offline AT101ET

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Re: Here is why I bought 100,000 LTC under $8
« Reply #47 on: December 14, 2014, 04:42:52 PM »
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 :)

Well with the halving on oct 2015 I will expect a huge bull run.....the likes that only BTC has seen.

Just under a year to buy then ;)
Best is to just slowly build them up.

Offline scryp7

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Re: Here is why I bought 100,000 LTC under $8
« Reply #48 on: December 15, 2014, 12:02:21 PM »
ouch, sry about your loss OP. that's not even half a year :( I hope you can make it back.

Offline TheMage

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Re: Here is why I bought 100,000 LTC under $8
« Reply #49 on: December 16, 2014, 02:59:57 AM »
ouch, sry about your loss OP. that's not even half a year :( I hope you can make it back.

Its only a loss if he cashes in.

Litecoin is a long term investment, much like Bitcoin. Most other alts are short term investments (sometimes only spanning days).

Offline blackbird307

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Re: Here is why I bought 100,000 LTC under $8
« Reply #50 on: December 16, 2014, 03:28:22 AM »
Litecoin network hash approaching 2TH btw!

Offline TheMage

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Re: Here is why I bought 100,000 LTC under $8
« Reply #51 on: December 16, 2014, 04:30:25 AM »
Litecoin network hash approaching 2TH btw!

About 1.6ish TH right now, still got a ways to go :)

Offline cacc

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Re: Here is why I bought 100,000 LTC under $8
« Reply #52 on: December 16, 2014, 08:46:16 AM »
And with LTC prices dropping the way they have for the past week, and today with them dropping below the $3.00 point, that hashrate should start to decline along with the difficulty very soon as other coins become the multipool choice. This will of course drive the price of LTC right back up to a respectable level.

Offline Strategy Consultant

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Re: Here is why I bought 100,000 LTC under $8
« Reply #53 on: December 18, 2014, 06:00:03 PM »
Tell the truth.  None of you super-pro LTC guys are having second thoughts yet??
https://litecointalk.org/index.php?topic=17188.msg231223#msg231223

Offline Kitls

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Re: Here is why I bought 100,000 LTC under $8
« Reply #54 on: December 18, 2014, 08:25:44 PM »
OMG the OP has really been destroyed!

Offline AmDD

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Re: Here is why I bought 100,000 LTC under $8
« Reply #55 on: December 19, 2014, 12:02:27 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.

Ill be honest and say that yes I have thought that LTC could be at its end. I thought the same about BTC aswell but Im not worried about either. I decided long ago when I bought in that I was going to invest with only money I could afford to lose and Ive stuck to that. If crypto goes to zero, Im ok. Granted, I dont want it to goto zero but I wont be hurting if so. Im in this for the long haul and am still buying coins, just as i have been doing for awhile now. Over the last 4-5 months Ive almost doubled my stash (not that I have a massive amount either). I hope to see the price drop a tad more because Ive got some left over money from my Christmas fund I can spend on extra coins.

I hope to see the OP hang onto the coins and have a nice investment one day.

Offline keithers

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Re: Here is why I bought 100,000 LTC under $8
« Reply #56 on: December 31, 2014, 09:24:31 PM »
This investment is an ouch right now, but I am still confident for the future...

Offline Dafar

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Re: Here is why I bought 100,000 LTC under $8
« Reply #57 on: January 01, 2015, 08:46:18 PM »
This investment is an ouch right now, but I am still confident for the future...

Every time I visit this forum it's nice to see you are still enthusiastic.  Who knows, this could be the year of LTC... reward halving in ~235 days??

Offline TheMage

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Re: Here is why I bought 100,000 LTC under $8
« Reply #58 on: January 01, 2015, 09:09:30 PM »
This investment is an ouch right now, but I am still confident for the future...

Every time I visit this forum it's nice to see you are still enthusiastic.  Who knows, this could be the year of LTC... reward halving in ~235 days??

Around October yes

Offline kmg

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Re: Here is why I bought 100,000 LTC under $8
« Reply #59 on: January 02, 2015, 12:48:43 AM »
If the timing doesn't change much because of difficulty variance, 235 days puts us around the end of August (schedule moved with the recent spikes).  In my opinion, the sooner the better, let's see how it turns out.  My confidence is shaken lately, but I'm hodling.