Would/should you buy Litecoins?

Discussion in 'Digital Currencies' started by TreasureHunter, Mar 12, 2017.

  1. Altima

    Altima Well-Known Member Silver Stacker

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  2. markc

    markc Member

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    Sold my LTC for a 650% profit. Not bad for just over a month. :D
     
  3. Altima

    Altima Well-Known Member Silver Stacker

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    That's a nice profit there!
     
  4. markc

    markc Member

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    Yeah I'm pretty happy with that.

    I sold at $53.66AUD pre-segwit and $45AUD post-segwit.
     
  5. leo25

    leo25 Well-Known Member Silver Stacker

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    it never gets tiring seeing how people lose all rational thought in ball markets. ;) you can set your clock to the predictability of human emotion.
     
  6. markc

    markc Member

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    Yeah for sure, it's great for trading.
     
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  7. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    I've got quite a hand full of Litecoin so obviously I'm invested in hoping it goes up. I got in at a decent enough price that these movements don't scare me. Perhaps I'm foolish but also spending hours researching what is actually happening with the coin is what is making me bullish, not just watching a line on the chart. As long as the whole cryptospace keeps growing like it is litecoin will keep growing, if the crypto bubble pops it does not matter what you are holding, if it's not fiat you are doomed.
     
  8. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    Feels so good to be right. Well ok, I rounded up to $50 from $49.45 sue me!
     
  9. leo25

    leo25 Well-Known Member Silver Stacker

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    Good example of dumb luck. Yes litecoin went up, but not for the reasons you thought.

    It went up due to the issues bitcoin is having and due to the lack of options on Chinese exchange to diversify out of bitcoin in case a hard fork happens. Got nothing to do with any segwit or lightning BS.
     
  10. southerncross

    southerncross Well-Known Member Silver Stacker

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    It actually went up due to increased interest from Korea and others like Malaysia, do you actually own any Alt coins at all ?
     
  11. leo25

    leo25 Well-Known Member Silver Stacker

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    Wrong...China makes up most of the volume atm.
    OKCoin.cn, Huobi and CHBTC make up about 50% alone. All 3 are very limited offering LTC, BTC and ETH

    yes, Ethereum and Golam (well Golam is a token, but)
     
    Last edited: Jun 19, 2017
  12. southerncross

    southerncross Well-Known Member Silver Stacker

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    You might want to go check those figures outside of the Chinese exchanges alone. BTW It is Golem not Golam....
    I own a few Domains, mostly Eth.com based and nearly all new traffic is coming from Korea and Malaysia over the last three months.
    Exchanges based in China might skew the figures just a bit don't you think ?
    Especially given the recent lalowance of BTC on Chinese exchanges.

    Sure there is plenty of money there but the recent surge is more about awareness than any real bubble.

    Aus real estate returns are on the wane, Pig farms are neutral, where to next ?

    OOOoooh look shiney thing!
     
  13. leo25

    leo25 Well-Known Member Silver Stacker

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    yes that's what I'm saying... that's the main reason for the recent price rise. They are diversifying out of bitcoin.
     
  14. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    Haha ok, I forgive your ignorance. People also thought the moon was made of cheese before they were educated.
     
  15. leo25

    leo25 Well-Known Member Silver Stacker

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    aww poor thing, your parents never told you did they. ;) the main thing is you think your smart.
     
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  16. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    Your right =( Guess I'll go buy an education with my 1200% Litecoin return.
     
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  17. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    Also my prediction was simply based on the market not on the "lightening or Segwit Bs" as you quoted. Not dumb luck, a simple observation.
     
  18. leo25

    leo25 Well-Known Member Silver Stacker

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    Ok, I must have confused something someone else wrote with something you said. My bad. I'll appoint myself the turkey award. :)
     

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