Nice run on LTC, pushed by recent news calling the community "drama free" and Litecoin being the future of crypto. Agree but first, let's lock some profit now and own more later.
Good luck.
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Patience is a virtue. Market is crazy and we have a crazy bullish momentum but it needs to correct (must).
Duuuuude, come on. It’s been waiting to break out. It’s going to $500 why would you short this? You really think all the BTC profits that bought up LTC are going to say yeah, I’m selling it’s heading back down.
I’ve been in crypto since 2010 and remember the BTC run to $1200 and LTC ran to $45. That’s about 25:1.
With $18,000 / 25 that’s $720 for LTC. It’ll rocket to $1000 watch this.
But why would it? This industry is all speculative. This is play money. Nobody is living dayvyo day, not 401k or pensions are linked to cryptos. This market(s) is 400B in play money and it’s been free the past 10 years.
Time to play see you at $1000
bmgbmg
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@bmgbmg, the best advice I can give with 8 years in crypto is go long. Do not short this market. Just buy hodl and go long. It’s really easy. Even a caveman can do it.
guillaumeldc
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@bmgbmg, this is one good piece of advice for a certain style of investment. It works well in that bullish market. It all depends on the level of risk you're ready to take, what's your timeline for your investments and what's your main goal. Do you play or do you invest long term.
If you play then you could just double the money. If your goal was to double your money, then buying in the 90s and selling at 200 was a good move and you doubled. can you take more? yeah probably but that's another risk some are ready to take.
bmgbmg
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@guillaumeldc, well maybe not, I'll take some profit, I do think LTC will run up. We do need to correct.
I’ve been in crypto since 2010 and remember the BTC run to $1200 and LTC ran to $45. That’s about 25:1.
With $18,000 / 25 that’s $720 for LTC. It’ll rocket to $1000 watch this.