Litecoin needs all the boost it can get. Things haven't been going its way for several months now. I am interested but let's see
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Litecoin needs all the boost it can get. Things haven't been going its way for several months now. I am interested but let's see
the general deflating trend, people selling off cryptos and/or trading into USDTether and TrueUSD, is dragging on almost all cryptos, coins and tokens and services!
It has been a massive deflation happening since around the 7-9th of January 2018!
I got into many cryptos during early December 2017 and saw my account on HitBTC rise by 100-200 percent during December.. Then I was on an urgent healing trip to Gran Canaria from mid december on, and because of troubles with having enough time online with my laptop, I did not make it to follow the market and sell in time... So I lost practically 220 percent of the 300 percent my accounts had risen to.. That means around 70 percent of what the accounts was worth in the end of December..
Thats life.. Best thing to do now is to sell all BTC, ETH, DASH, LTC and other "expensive" coins. Hold your funds in USDT, TRUEUSD, Euros, real USD, Gold, Silver and maybe invest 10-20 percent in the very deflated, but very serious coin-projects, like NEM, XVG, ENVION etcetera.. thats what im doing.. Hey, I bought a lot of 1337 coins, just to have a gamble ticket there on my cryptopia account. As BTC and ETH empire falls, much money will start flowing into Cryptopia listed coins. I expect some real nice profit 1, 2, 3, 10 years from now. Yeah so what if you loose some dollars on the coins where the blockchain shuts down due to a lack of nodes / servers... You still had immense fun and learned a lot and other positive notes you could think of.. :) like writing about it in this comment :) cheers!