/biz/ - Business & Finance

I impulse bought some LBC (lbry shit coin) a few days ago when KAT got taken down. I mistook it for a blockchain that holds torrent addresses instead of whatever frankenstein it actually is. It's down like 20% in just a few days. Should I hold it or just let it go? Luckily I picked up some eth at the same time so think I'm only slightly in the red.

OP is right.

I got scared two nights ago looking at how little volume there was and converted about 2/3 of my btc to fiat. It dropped like an hour later. Now I'm even more spooked and am selling my last third.

There is buy support around 600 but it might not be enough if a whale really dumps hard. We could easily go back to 300-400. Literally none of the fundamental problems of bitcoin that led to the big sell off this winter have been resolved, only masked by halving hype.

The only positive is ethereum got brutally ass fucked so theres no fear of bitcoin losing its #1 crypto spot.

I'll jump back in in a few weeks if volume picks up or if price hits 450.