So, yesterday I bought the dip. I kinda screwed up my buy ladder, but I tossed one in when we dropped under the support line that has held since early January. I wish I had reversed my buy amounts, but other than that I think it's ok.
I bought a total of $18k of litecoin.
I was mostly watching the btc charts.
I bought $5k at 8k btc
I bought $5k at 7.5k btc
I bought $5k at 7k btc
I bought $2k at 6.8k btc
and bought $1k at 6.2k btc
My overall average price for ltc is $134. It's currently $153 and may actually break out of the resistance. I say that because of BTC looks like it has free range to go up another $1k or more.
Looks like btc broke through the most recent resistance trend line and is heading up to the one that we've been riding for a month (a crypto eternity).
After just watching my Pats lose I keep thinking about this as a running back trying to break through various parts of the zone defense. Looks like btc just broke through the defensive line with breaching the recent resistance line, and now gets a few extra yards in before getting to the linebackers waiting for him at 9.4k btc or so.
This might also all be garbage and markets just move regardless of what charts show. Still learning.
Anyway, I feel like a champ right this second except for the fact that I get half my purchase on the 10th, and rest by the 14th. 1 week right now could send that value fucking anywhere... Fucking killing me to make a good buy and lose the opportunity because coinbase taking a week is going to kick my ass... I'm hoping for an LTC breakout today as btc drives up another 1300 or so until it meets the primary resistance line.
Anyone have 134 litecoin they want to lend me for 1 week so I could just lock in profits?
PS this isn't advice. It's just what I did. Make up your own mind.
Sounds to me like we need some kind of LTC lending service. LTCLend anyone? I would invest in that ICO.
That’s a lot of ltc you bought there! Honestly though it’s probably a good call. Ltc has solid devs, a path forward and is at a pretty deep low. In one week you’ll probably be up even more lol
Last year, just after China banned crypto, I told a random guy I met that if he bought a lot of Litecoin that very day, it would change his life. It was at $30 at the time. I kind of doubt that he bought it, but my belief in Litecoin remains to this day.
The problem with this is a life changing amount would require an investment that would destroy a person to lose. I’m bullish on crypto but trying not to get into it so deep that a crash would destroy me. Definitely a good call though :)
Definitely: I'm careful myself. People often say that one should not get in with more than they can afford to lose, but it can suck pretty bad to lose those amounts as well. I like to think that one should not buy in with more than the experience you gain from losing everything is worth, if that makes sense.
Definitely a fair approach. I love crypto but I don’t see anything that’ll definitely be here in ten years and until I do it’s hard to put to much in as a 100% loss is so feasible. To those saying Bitcoin, Steem, Eth, etc. they’re all awesome cryptos but they aren’t yet stabilized.
Gosh a week is such a long time! It could all go any direction so waiting for a whole week can change everything when it comes to investing...
Slow ass coinbase, LOL.
The trading fees on Coinbase are pretty steep as well, although if you buy through GDAX it's probably cheaper.
I too am PISSED my Patriots lost. ugh. so lame Foles. so lame. As for the LTC purchase... Im still not on the band wagon for LTC. Im a big holder of XRP still i bought in a 0.4 cents. I have a bit of LTC as well. Just wish it would bounce but it seems the market is in a down trend and looks to stay that way for another month
but that said, itll bounce back. these things always do. the regulations by south korea and china bug me, along with a handful of other issues for adoption etc, but i think these are realistically PAIN POINTS in the span of evolution. def a valuable thing to invest in i think. i dont see much money loss beyond $134 really.
This could well be the trend change we are waiting for, or it could be a fake out! Only time will tell.
Nice move mate @aggroed .. I also made some trade yesterday bought some btc at 7k+ and some Ada as well. Just hope its a good decision and would makes us some profits.
I still say diverification of investments is a good thing. Better to hedge your bets in case one fails.
Yea diversification is key.. Doing that already.. Thanks alot mate for your concern and advice.. Am indeed greatful
We're all in this together, you know?
hahahaha @aggroed, you are writing down what I'm actually feeling right now.
dang coinbase maaan, it's also killing me. I bought on the dip and the dip kept dipping and went up a little and dang dang dang it
I get mine on the 9th (it says 9th but who knows) after having the funds cleared Monday.
Now can someone lend me some to buy Steem and SmartCash please!
Hahahaha
Transaction in and out of crypto in coinbase are instant as the off-chain, not sure what took a week, if it's the fiat transfer to your bank account well you already exchanged at a certain rate so you don't lose anything. If you want to buy and sell in CB keep your fiat in the Euro or GBP wallets.
I confirm, I don't understand what takes a week
I bought in from fiat in a bank account. They're telling me it'll take a week. So, it's the opposite of what's mentioned above. Rate going in is confirmed rate going out is not.
Yep, aggroed is right. They're telling me the same thing. 1 freaking week. Why they take my fiat from bank account Monday and it's still pending in Coinbase. Sitting on my fiat for 6 days!
Then I transferred 2k overseas and it was in my overseas account in less than a day and next day took it out of my US account.
What's that bs all bout?
Nice post about crypto. Thanks for sharing your experience.
Dear so said and hold some days carrancy is increase
OMG of I have BTC like this, I never sleep. I hope it regains.
This nice post i appreciate your post thanks for sharing this crytocurrency news best of luck my dear friends..
I remember when litecoin traded in a narrow band between $ 40 and 50. Crazy to see it go past $300. I see support around $120 what do you think?
Is litecoin outperforming bitcoin?
resteemit done sir
yes sir I have resteemit it
Great work thanks for sharing great work
Lol. True true true. In my own opinion, I think increase or decrease in Btc affects major currencies in the market. So let's be hopeful. We all have investments there (I too have investments in litecoin too), Buh I'm optimistic.
Thanks @aggroed. I've upvoted
thanks for the valuable news
that is outstanding...........
resteemit
I wish I had such luck...Or the capital to make such purchases...
There is nothing to do. Everyone has suffered such losses due to the market down.
thats pretty cool to know. thanks for your nice post. cryptoes are future.
nice
Steem value has reduced too
Nice story. :D Too bad for me though, I joined those noobs FOMO who bought at high and now HODLing. No money, can't buy anything :')
This is truly a lesson for me to pay attention more before committing any money. Luckily, these whole crypto things are still in new worldwide adaptation phase. SteemOn!
The other important lesson is to not spend what you can't afford to lose. Because it is entirely likely that such a thing will happen.
the information is steady .. hopefully useful.
Thats a hell of BTC.
I also wanted to invest in Bitcoin bit am not having enough money to buy a single BTC.
Maybe u r a real WHALE.
I kinda like all ur posts and i find them informative.
U r one of the beat steemers i have seen
Just upvoted u. Stay blessed
A break of that green trendline I would nibble. A break above that latest lower high around $175 and you should be good to go. You could even wait and see if there's a pullback to test that level as support and buy more if the bounce happens. That's just my $0.02 though. I missed a great chance back just below $90 because I was waiting for the pullback to hit $85 :(
Your killing me! I want steem monster! They looked so damn cool. I'm reading every darn post for another tease or tidbit!
I got some card back designs. I'm waiting on a little more art, but should get it own "soon"
nice
Their slowness could be a way to point you to other alternatives.
I don't use coinbase ... their fees are ... exagerated
lol @aggroed ! Nick just came home cursing about Coinbase too!!
d
I'm just watching from the sidelines but with the Coinbase situation looks like you are in possession of the ball with no timeouts left... good luck!
Feel your pain aggy! Despite keeping $$$ in the USD wallet and in tether, still needed to use coinbase to buy some ETH yesterday and am stuck in that same waiting game.
Do not like being in control of my investment, now we need to hope for an extended move as opposed to banging out for some good quick $$$s
and just wait @aggroed...... something major is about to play out in the financial/economic markets, and the swing back on cryptos will be huge! We're scrambling right now to come up with funds to buy (3 birthdays in one month makes it unlikely, lol) buy buy.
d
I'm all in on LTC too, enjoyed this post, thanks!!!
You guys have the heart of a tiger... buying in this market... it send shivers down my spine even when thinking of buying.
Buy low, sell high. Always works for me. What's interesting for me is that a lot of people viewed the past few days as a buying opportunity. Looks like you were also buying on the way down. I think that's smart, for what it's worth.
Got some Ltc and want to buy some more, I think it's a good time to buy so glad to hear from you that you are also stocking up on them.
Fucking Coinbase. That's all I'm sayin'
Is there a particular reason that you would buy litecoin?
From everything I know and have read in the cryptoworld, litecoin is on its way down to stay with peercoin and novacoin. Hate to see ya get stuck with those :)
Do you already have that much money invested in other coins? Why not transfer into steem, and then out as litecoin?
Coinbase. The worst!
it is slow because it probably got hacked, man
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Solid decision LTC has so much potential.