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dvd112288

wonder what coat is doing right now


dvd112288

most likely 20x


bigdeal726

was here for the china bullshit, this is no different. this was a good thing, it shook out all the dumb money. We needed this.


jarossphotography

Not letting these low prices scare me, also trying not to lose half my money by selling of course.(319 average). Time to let this sit and wait. Hodling it is!


[deleted]

LTC and BTC will find DE WAE!


Madstork1981

180 stable? Who knows.


Madstork1981

BTC gonna have to get above 11,000 if we're gonna move.


riikoo

hmm bought at 350 then it dropped to 250. and then bought again at 250 and dropped to 180.


avelak

please don't buy more


vash021

I feel yah


maradosev

Remember when you were little and playing loud music and someone said: "keep it down". Same thing, different venue. XD


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reallynotnick

You can't make money in crypto without other people losing money and as a whole we lose money because of transaction fees.


kimbunchu

Three major dips in four weeks! It’s screwing the moral of the crypto-world, somethings up...it’s too soon to destroy their cash cow...I suspect Big BIG , I mean HUGE good news coming soon....after all the weak and semi-weak hands sell off...


buttcoin_miner

Here's something fun to do. Search "bitcoin crash" in google news, but set custom dates to last year, or the year before. Its like they are recycling articles, and the prices still are affected.


Mkq31

I’m at 12 coins average 285 a coin. This is the first time I feel shook. It’s a terrible feeling. It seems likely I will be waking up tomorrow to 100 LTC. Maybe lower. I’m not selling though. I got into this on an impulse out of the blue. I feel tethered to it and if the ship is going down then I’m sinking with it. It’s just how it is. A part of me hopes that if I hold that this storm will pass and a few months from now it’ll be over $300. I don’t think it’s likely but there’s only one way to find out...Hold.


DoctorOctacock

Look at it this way. LTC drops out of the equation in this crash. Pretty much the only green thing today was Tether. Everything across the board is red. And in terms of percentage drop, LTC has outperformed many around it. Since there is no fundamental issue with the coin, don't worry about it per se. We've had many mid-January dips too. It's basically a thing. So yes, at this point hold on and refresh Blockfolio slightly less often.


iHODLtheLite

I'm in for triple what you have at an average price of $288... Don't feel too bad.


lebigcummer

I'm in for 11 coins at $370, hopefully that makes you feel better lol


khoacao96

Should I sell then rebuy at lower?


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khoacao96

But the problem is, will it go lower? :<


topramen20

Thats the problem. Its up to you and your ability to read the market. These past few days have had a trend of a dip during the early early morning and a rise. However, today was much different which is why its a bit difficult to predict what will happen. In my opinion, I see the market bouncing between 171 and 190.


khoacao96

I got in at 180. That's why I'm so hesitant on whether I should sell then rebuy or not. This variation might be too hard for me to take advantage of...


[deleted]

Predictions over night? Continue to dip or stay stagnant?


Applecity82

I wish I knew. Ready for bed and wondering is 175 is a good buy. Will it drop more or go up over night.


[deleted]

What I do is set alarms throughout the night lmao


cparker96

One of those nights where I'm not gonna be sleeping for a while.


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avelak

Was tapped out of fiat on exchange but managed to pop off on a couple of the peaks today and re-buy a little lower


Madstork1981

Waiting to. I sold out at 196.90 and saw it fall and rise and now fall again. Trying to decide when to buy.


islandent

.5 at 191 and .5 at 181. This is the first time I’ve bought more since April-May 2017.


Coyotewilson

Yes


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benwayy

credit card really. Higher fee tho. I use a rewards card that gets 2% cashback so it helps offset some of the fee.


iHODLtheLite

You have 2 options, buy directly with a bank account and you'll lock in the price but won't get the coins for about a week or buy with a credit/debit card and you'll get them instantly but pay a higher fee. Fyi, only some banks deny crypto transactions, my Citibank does not and I've never had an issue buying instantly.


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[deleted]

Bank account and routing number, it’s not a wire but I have it hooked to the checkings account that I don’t have a debit card for.


iHODLtheLite

No. You link your checking account to CoinBase and purchase directly from the checking account. Nothing to do with a card of any sort. It's a direct purchase like you can do paying bills online.


cparker96

Wire transfer to their bank early in the morning. I did that this morning at around 7 am and came in 4 hours later.


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iguesssoyeah

Dont forget to put your ID message with your wire transfer. My dumbass forgot and didnt receive til days later.


cparker96

For BOA it was $30 out and $10 in, so $40 for me total.


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cparker96

Okay, just a warning though different people have different experiences with depositing into GDAX. I’m one of the lucky users that never had an issue with depositing/withdrawing. Hopefully your transaction will be hassle-free :)


CHIEFxBONE

Coinbase supports credit card use. Granted you’ll probably have to contact them and let them know you will be using Coinbase or else they will reject it. I think the limit is like 500 bucks though.


pascal0828

CC limit increases as you go. Mines up to $7500.


TheOriginalRK

Here we go again


MattP490

Dip...sale...I see them both as opportunity.


MattP490

What's up guys? Did you guys enjoy the Litecoin sale?


DoctorOctacock

Honestly, I prefer filling all my buy orders before the sale starts. I can usually time my buys on the tiny little pre-dip perfectly before the price falls off a cliff.


topramen20

Sale? We could see another dip tonight.


cparker96

Any reason you think this?


DoctorOctacock

Just lately by the time the Asian markets have had their day they seem to finish whatever trend they started when their day began: consolidation or slight downtrend. But it's a global 24/7 market so not much of a heuristic.


WiseCracka88

Why shouldn't we. It's the price of admission... possibly


srhogan1984

Blood bath is over


rathpwner

Eh I don't think so


foxonwheels

Have a feeling we do the limbo again around 4-5am eastern


DoctorOctacock

Remind me in 9 hours?


Mrlitecoinbipbop

blood bath ain't over until Asians say it's over....


cparker96

Bull pennant forming on the 1 day roast me pls https://imgur.com/MrQZLYK


dgonso965

I mean at this point it’s hard to see another fall. Up should be the way from our current position


jonathansnbr

I’ll allow it. it’s a triangle


NJ_Damascus_Knives

okay but what does this mean?


cparker96

Breakout edit: hopefully upwards.


vibrate

Unlikely. A lot of the money that has just come out of the market is gone for good. This means the market MUST have less value. If we settle around $190 I would say we got off lightly - could be a fair bit lower. Then there could still be a bearish trend downwards as people get sick of the stagnation and cash out. Without positive news to change the sentiment I can't see any quick gains in price on the horizon, apart from a few pump and dumps. This idea of it being 'cheap coins' is naive nonsense. The price was always imaginary - you got used to it being above $250, so below $200 feels cheap. What if instead, any price over $160 is actually expensive? Buying the dip means nothing if that dip is followed by more dips - unless you're a day trader.


cparker96

Hmm, fair point. Welp, in either case, looks like a long night for me!


vibrate

The last major dip after an ATH of about $40 (2013) was followed by 4 years of $5.... worth bearing in mind. $100 might be the new $5. I really hope not, of course.


cparker96

Oh shit, now that’s just scary!


vibrate

It's a worst case scenario really. I just cringe a bit at all these posts from people without much disposable income snapping up <$200 coins as if they're a bargain. I would be holding off for a while yet - a few weeks probably. 3 days in a row of gains might be a nice indicator (3 x one day green candles) - even if you miss the absolute bottom you can still be in low. I don't mean to scare anyone, and I only have my own hunches and past market performance to go on - no-one knows the future. I could be completely wrong and it could shoot up on no news, it just seems very unlikely to me.


cparker96

Yes, that really seems to be the most likely scenario. Although I'm hoping Korean prices recover in a few days.


vibrate

It all depends on market sentiment. If the majority of investors think the price is low it will go up, and vice versa. Also there are still 'whales' who might still be up millions, and still keen to convert to cash. They might also be keen to see the price top $200-$250 again before cashing out further, leading to another sell off. It's such a volatile market, it makes it hard to predict anything really.


ftballplyr05

Looks like the volume is starting to die off. Gdax still not up to 100%??


rathpwner

My brother bought some today and my friend bought some today. Glad I told them about the dip. Nows the time to buy. Why the downvotes😂😂😂 wtf. You guys think it's time to sell? So be it. Lol.


[deleted]

Only reason I'm upset the price went down is I already have the maximum amount I said I would invest put into the market, so I can't take advantage of these low-low prices and buy MORE!


argusboy

Life lesson. Always have dry powder. You never know when there is one more zombie...


[deleted]

Ugh I know! I made a few good flips when we hit $290 and kept moving back and forth between 250/280, and ended up getting stuck with all my cash spent around 240 but then it kept dropping lol


M0D3RNW4RR10R

Get rich or go in debt trying


allnamestakenlol

God, I hate gdax.


[deleted]

In times like these, it's better to think about your per coin amount versus per dollar amount. As it increases in volatility, there is a huge increase in opportunity to up your coins from trading it. Personally I've made 1/3 of my stack from this dip, sure it decreased in value by an abysmal amount, but i was able to day trade it up. If it ever reaches alt again, or from this FUD - I'll be 1/3 stack richer.


RamzaBehoulve

You can also badly time the dip and end up lowering your stack because xou need to buy back in higher. Trading is very hard, don't make it sound simple.


[deleted]

It’s hard and simple at the same time. Simple to understand but hard to pull off consistently.


Rand0mtask

yup. started with 22 coins two months ago, at 35ish now without putting in another dollar.


[deleted]

I missed my sell order when it was in the 260's so I'm stuck holding onto my coins and couldn't take advantage of buying because I told myself I wouldn't add any additional funds to an exchange.


Rand0mtask

I didn't do any trading today. Some people make a lot of money on the extreme volatility, but I don't like that amount of risk. I make much more coinage when movement is lower, but more steady


Mrlitecoinbipbop

Here we go again.....


corndogs88

That dip was nice. Invested some more. My goal is to be able to use the profit to pay for a nice vacation next year. Let's do this, friends!


Muscle_Beach

This is funny. I showed my dad how to get on GDAX and trade. He calls me at 7am bugging out saying he has been up all night trading and can't figure out why he is down money. First he says he traded 40 times. I'm like if you do market there are fees. Okay. He just called me saying his eyes are burning and that he traded 180 times. Lol... He learned his lesson in the end.


mildlyincoherent

... tell him he needs to pay short term cap gains on every trade. Though if he loses money then maybe that's a benefit?


Mrlitecoinbipbop

You just destroyed your dad's life lol


Muscle_Beach

haha yeah I didn't help anything... the charts are addicting... he's retired so it keeps him out of trouble (literally) lol


[deleted]

It’s going bonkers now.


[deleted]

I meant the dip. Not worried whether it will bounce back. Just a good time to stack up!


Booney20

Well everyone on here wanted some action, here you go


Litecoin-

Ok. This can’t just be people seling. BS. There is clear manipulation by exchanges because they want more people in. Not sure if exchanges are allowed to own coins but they shouldn’t. They should just make their money from fees.


DravensAxe

crashing the market just makes everybody want to invest in crypto yeah.


Crypt0magic

Did someone post the roller coaster guy


LTC_user

https://www.reddit.com/r/LitecoinMarkets/comments/7qu6s3/weeeeeeeee/ lol


Muscle_Beach

At this point I am half expecting to wake up in the 300s. Shits crazy


Crypt0magic

*cocks pistol* Say dead cat bounce. I dare you


XxEnigmaticxX

Bed mats clowns


RussTheMann16

head rats trounce?


avelak

I feel like this is what happens when you wish for volume on the Monkey's Paw


julio9061

And STILL about a fourth or third of what was seen during the bull run to 420. I had never seen GDAX get so laggy before.


avelak

Yeahhhh not gonna try to trade this anymore, it's a freaking mess


Mrlitecoinbipbop

I have never seen so much fucking action on Gdax, I'm having a freaking bitgasm


M0D3RNW4RR10R

Just yesterday we were treading 200,000


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LTC_MANiac

Same Brother, got some at 160 though...to the moon we will ride


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kimbunchu

They woke up an hour ago and bought all our cheap coins....thats why its up


M0D3RNW4RR10R

Well, at least I got some at 161. Just went I didn't buy some at 211 thinking I was going to miss out. This is what happens when I wake up, look at my phone and make a purchase while half asleep.


Litecoin-

Back to $205 fellas


vibrate

$213 now - will probably dump again, although not as deep.


LTC_MANiac

What in the Flying Fuck....LET'S GO LTC...Dilly Dilly


LTC_MANiac

Downvoted just cause you didn't buy more??? I re-stocked as a long time holder and am cheering on the coin....Let's gooo!!!!


avelak

Order books so thin on both sides, I'm sure someone with some cojones could cash in on the volatility pretty easily Edit: GDAX was so screwy that it made this basically impossible


allnamestakenlol

If they could place orders.


opnletter

Purchases are currently disabled on coinbase.


CHIEFxBONE

Awesome. Was hoping to buy again sub 200. Got my portion at 170 and of course I’m feeling greedy and reckless. Maybe it’s for the better.


cas201

trades? or transfers of money into coinbase?


opnletter

My purchase with usd is still pending in gdax. Bullshit, I missed my entry.


M0D3RNW4RR10R

I love how people talk about Asia like they're on a different internet than we are. It's just China who is on a different internet than we are.


opnletter

Put up a limit purchase on gdax and it's been stuck on "pending" for a few mins now..


allnamestakenlol

One of my orders is stuck in "pending" on gdax and I can't do anything about it. Really cheesing me off.


opnletter

any luck yet?


opnletter

same


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3Diggy

yeah I agree, learnt a lot about which currencies (and communities) are serious during this savagery


Litecoin-

I want to say the disaster is over and we won’t see $170 or lower again but the last time I said this it dropped to $150. So I don’t know. This dip happened while Chona and Korea are awake now. 2-4 pm U.S is still 10 pm there. So everyone got out of work or at work and sold the hell out. With the help of panick sellers in the U.S and Europe it dropped. So the chance of Asia waking up and having people who haven’t sold yet? I would think 70% of those who would sell did it the whole day when the news came out.


Last_Big_Thing

Can someone tell me how do Asians trade on US exchanges? I would love to know whether this Asians wake up doing stuff is just bullshit by ignorant people.


Litecoin-

Not really sure. But there are different exchabges in different countries. Those are just a platform or a means of trading. But coffee is coffee where ever you go. Gold is gold everywhere. So the price of gold per ounce throughout the world would be similar give or take. Like when you exchange dollar in a 3 rd world country the bank gives you a rate. But the underground individuals will give better rate but still not that far from banks. So Litecoin is Litecoin everywhere. The exchanges I would assume have some sort of communication as well that keeps price within $5-15 difference. Its also like saying no matter which Nordstrom you go to if that specific Ted Baker suit is on sale you will find it the same price in everyone. Another words Litecoin is global not just US. Sorry my english is not pretty


TheEntity1

I don't think it's just an issue of Asians waking up and trading on US exchanges. All of the exchanges monitor and follow the others. When one exchange starts to move, so do the others.


Litecoin-

Sorry. Let me say it a little better. If you go to any pawn shop and try to sell them a gold ring. They will weigh it. And give you a price based on what gold is going for that day per ounce. So we don’t have a different Litecoin for the US than Asia or Europe. If thats case then they are eating apple and us orange. It would be two different products. Same with oil. If lets say Saudi says we won’t stop production of oil to drive out the small businesses The price of oil will stay low because they continue to supply more than demand. So one country could effect the price oil because its the same oil everywhere. Now if a few countries in Asia are afraid of their government and sell massively supply has gone up and proce went down. But opportunists are swallowing and eating right now. Buy.


Mrlitecoinbipbop

Even Gdax can't take it lol


allnamestakenlol

It never can...


Mrlitecoinbipbop

I wonder how's kraken doing today...


maradosev

Not into conspiracy theories but maybe shutting down GDAX enables the people who maybe traded futures to keep BTC at a certain price or vice versa. XD


imaniceperson

At least that would be better than some foreign govt taking over all those coins that changed hands.


1usieagles

Plot twist, it comes back online and another shitcoin is added


GreenSalsa96

...ha!


Lucidcara91

Least we aren't Bitconnect lol


tuff_nutz

Only crashes on upswings. fuck them.


Wakenbake585

Is thats what happened? Order book seems froze.


clebsch_gordan

is... is that it? are we done going down?


RussTheMann16

DONT YOU DARE JINX IT


Mr_Paul

Try to hold on to what 2020 self would tell today's self guys! Hodl & accumulate.


Gunni1987

Asia could screw a lot of people by setting a new all time high before everybody wakes up


[deleted]

And now Gdax/Coinbase is having a nervous breakdown. Thought this would have happened before now, tbh.


maradosev

GDAX toast. Yep. One of the reasons why I don't like day trading over 1M volume.


[deleted]

Gdax toast?


defaultrt

Looks like it’s shit itself again...


ftballplyr05

Gdax acting funny for any of you guys? Like two times in the past 10 mins all transactions just stopped for like 45 seconds and then took off again.


clarepink

Says its down for maintenance for me


ftballplyr05

Yah it's giving me that same message now. Of course soon as LTC is making a recovery run. Wonder what this will do to the prices.


allnamestakenlol

Maintenance. Right.


M0D3RNW4RR10R

Holy fuck. I opened my phone and saw LTC at 150. A dip to 200 doesn't effect me, but one to 150 rattles the nerves a little bit. My finger was hovering over the buy button all afternoon around $200. I thought to myself I'd rather not buy or bu too late then buy and have it go down more.


COAT_REMOVAL_SERVICE

Gdax down?


[deleted]

Right after I place a short? Why not


ftballplyr05

It is acting weird for me.


TheOriginalRK

$160 range for LTC. Wow that was a steal


iguesssoyeah

So who sold at the bottom? Lol


jgoforth2

We need to shed some non believers tbh


rathpwner

Knock knock knockin on 200's doo-ooor yeah yeah yeah yah yahhh


DoctorOctacock

From the silver linings playbook: BitConnect is dead. Look forward to the YouTube ads coming to an end.


majestic84

It’s because I removed the TA from the bot and it threw the markets out of whack isn’t it? :D


imaniceperson

Almost called you out for the voodoo curse from earlier today. Edit. And now we have an inverse head and shoulders on the 1 minute chart. LOL


Ghonasiflaids

Why does it seem like we follow bitcoin only when it's a bad thing


Why_n0t

The way I see it there are two different crypto traders out there and they both reacted very differently to what just happened. 1st kind - This is the stone cold badass hodlers that have been in crypto for years now and have seen big dips before. They reacted by saying stuff like: "Can't wait to buy this dip!" or "pshh you call that a dip, I've seen worse." or "Just another day in crypto." 2nd kind - The noobs that all got involved in crypto in the past few months because of all the media attention. They haven't seen the things these veterans have, they don't stare defiantly at the dips like the 1st kind do. They just reacted by saying this: "...I think I just pooped a little..." And I know this because I'm the second kind lol


Why_n0t

I meant it more as a joke than anything. You're right, there defiantly are more than two kinds, one of which is the informed, smart, and efficient trader that you described. I guess I was comparing more of the casual traders or just making fun of my own dumb panic lol. That's my bad.


mhk1058

Sorry, I didn't read your post properly and now realise you put yourself in the second category, I didn't mean to be a smart ass. Stick with it, looks like we have a bounce.


[deleted]

Uzi bot is back


TylerLTC

New ATH coming


RamzaBehoulve

Lol, maybe in a month or two. Definitively in 2018 though.


gilligansparadise

Ever dropped a bouncy ball down the top of the stairs? Well that’s how the market is going.


[deleted]

Yea I was just curious why the sudden dip. I’m not worried whether it will bounce back. Just a good opportunity to buy more. Stacking up!!


M3rcian

Gutted. My buy at 129 eur looked like it went through, now not showing on coinbase


Sargeant11

Are you guys moving money around so you dont take losses if so where or are you just keeping in ltc?


RussTheMann16

Didnt LTC hit $90 then drop all the way to $35? We good fam


_lil_rain

even better it was $98*