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2689630 No.2689630 [Reply] [Original]

Just shorted litecoin with 2 bitcoins

Never bet this much before. I need the gains, this past week was shit. I NEED big gains now

>> No.2689636

>>2689630
shorting something with limited supply and increasing demand? for real?

>> No.2689649
File: 126 KB, 800x600, 1776.jpg [View same] [iqdb] [saucenao] [google]
2689649

>>2689630
>yfw it hits $70 by the end of the month

>> No.2689675

>>2689636
Are you trying to imply to me that litecoin never goes down?

>>2689649
I dont plan on holding this more than a few days, hopefully I can rebuy tonight. I put so much so that a small decrease earns big profits

>> No.2689689

>>2689636
Demand will drop to 0 if bitcoin fixes its scaling issues. Might never happen but that is enough for me to never long LTC.

>> No.2689862

>>2689689
i mean, bitcoin won't solve scaling issues until August 1 for sure, so based on that principle, you can long until that day at least

on the other hand, as a currency, ETH is both far more advanced and far more widely accepted than LTC so i don't see how you think BTC's scaling issues are driving LTC demand
those are driving the ETH demand, IMO

>> No.2689873

>>2689862
LTC is closer to BTC than ETH is. Some say it's a gimmick but the supply cap appeals to a lot of people.

>> No.2689875

You shorted the most stable coin out of any of the big 3. Are you a fucking moron dude?

>> No.2689881

Chill out OP i think it'll work out. LTC is overrated and over-priced for sure.

>> No.2689884

>>2689630
good decision OP, LTC is overvalued. I'm shorting it as well.

>> No.2689889

>>2689630
I wish you well and applaud your courage. What is the procedure for shorting?

>> No.2689890

>>2689875
you are questioning my methods? Im the one making the cheese

>> No.2689902

>>2689630
The uptrend is almost broken, down LTC down!!!

>> No.2689913

>>2689884
>3 billion market cap for the 3rd most important coin is too much

Litecoin fudders are the most retarded people on here. Which coins do you people actually think are stable ?

>> No.2689922

>>2689913
It only went up because it got segwit. Once BTC gets segwit you think LTC will just be stable? Lol

>> No.2689929

>>2689913
>3rd most important coin
where are you getting this information?

>> No.2689930

OP when can you exit?

>> No.2689934

>>2689922
BTC and LTC go up together. Only idiots think that LTC goes up when BTC goes down.

>> No.2689938

>>2689929
>well it's the third coin on coinbase so that means it must be the third most important
t. that anon

>> No.2689941

>>2689930
you can close your position any time you want.

>>2689934
you are so wrong it hurts

>> No.2689943

What is your plan if it goes into a trading range?

>> No.2689945

>>2689922
>BTC getting segwit.
Absolutely but a chain split is all but inevitable at this point. LTC can protect you from there being essentially 2 (or more) "bitcoins" for a while without going to fiat.

>> No.2689954

>>2689945
Split is not inevitable and in fact looks unlikely now. Sorry FUDer.

>> No.2689965

>>2689873

LTC is not a gimmick, it is literally bitcoin's silver. Eth is absolute trash though, it quite literally does nothing.

>> No.2689982

>>2689630
go to PINK and SIB, they are going to moon very soon

>> No.2689994

>>2689954
>Bitcoin Classic
>Bitcoin + Segwit
>Bitcoin + Segwit2x
Easily
>>2689965
Lower fees to start.

>> No.2689996

>>2689630
are you shorting in terms of USD or in terms of BTC?

>> No.2690025

>>2689994
Yeah, no. BTC isn't a mess like ETH.

>> No.2690038

>shorting anything with a reputation right now

you realize bitcoin's bounce is looking good right now, right?

if we break around 2600 tonight, we could very well see a huge run up to 3000 (but likely more sideways action)

I really don't feel confident about the recently formed "correlation" of "btc pumps = alt dumps" but good luck on your short, seriously.

>> No.2690045

>>2689889
go to poloniex, click the margin trading tab, transfer balance to margin account, make a sell order of LTC

>> No.2690062

>>2689965
>bitcoins silver

HA! this is what you litecoin faggots were crying when ETH fucking creamed you last year.

b-b-but i-i-it's silver to b-b-bitcoins gold


no one cares fag, litecoin is obsolete

>> No.2690138
File: 114 KB, 359x766, Ethereum_Enterprise_Alliance.png [View same] [iqdb] [saucenao] [google]
2690138

>>2689965

ETH is accepted at mutliple drug markets (LTC none), betting sites (LTC - none as far as i know), and and increasing number of regular places
LTC - almost nowhere

ETH has in-practice-working sub-30 seconds transaction times

ETH is also an insane lot more resistant to attacks, having almost 10x the mining hashrate of LTC

https://www.coinwarz.com/network-hashrate-charts/ethereum-network-hashrate-chart
https://www.coinwarz.com/network-hashrate-charts/litecoin-network-hashrate-chart

ETH also has the support of dozens of internationally recognized companies, LTC has none

Even if you entirely disregard ETH's capability of executing smart contracts (which currently don't have an insane lot of uses), and only look at ETH as a currency and a store of value, it is far ahead of LTC

In which respect is ETH trash compared to LTC?

>> No.2690166
File: 52 KB, 2384x192, Screen Shot 2017-07-03 at 9.48.11 am.png [View same] [iqdb] [saucenao] [google]
2690166

>>2690138

>> No.2690169

>>2690166
Checked.
>>2690138
Evidence to me that ETH is for good goys.

>> No.2690210
File: 123 KB, 845x355, limit-06-30-2017.png [View same] [iqdb] [saucenao] [google]
2690210

>>2690166

yes. ETH had a few hours long congestion
last week, because it's actually being used, has far more transaction than even Bitcoin

This week, the block gas limit has been increased by 45%. thats' right, no more congestions. Took 1 week to execute. BTC has been having congestion issues for months, still uncertain if they'll ever resolve it.


ETH stats:

Transactions last 24h 247,352
Transactions avg. per hour 10,306
Ethereums sent last 24h 7,131,231 ETH ($2,032,509,440 USD) 7.67% market cap
Ethereums sent avg. per hour (last 24h) 297,135 ETH ($84,687,893 USD)
Avg. Transaction Value (last 24h) 28.83 ETH ($8,217 USD)
Median Transaction Value 0.188 ETH ($53.47 USD)


LTC stats:

Transactions last 24h 13,616
Transactions avg. per hour 567
Litecoins sent last 24h 8,248,016 LTC ($341,306,098 USD) 15.92% market cap
Litecoins sent avg. per hour (last 24h) 343,667 LTC ($14,221,087 USD)
Avg. Transaction Value 605.76 LTC ($25,067 USD)
Median Transaction Value 11.13 LTC ($460.68 USD)

>> No.2690212

>>2690210
forgot link
https://www.ethnews.com/the-ethereum-community-demonstrates-its-strength-how-ethereum-solved-its-own-block-size-controversy

>> No.2690232

Litecoin btfo

>> No.2690296

>tfw litecoin in a downtrend

the profits just keep rolling in

>> No.2690306

>>2689630
You must love losing money

>> No.2690321

>>2689689
if you think litecoin is just bitcoin but faster or whatever you should read charlie lee's reason for creating litecoin

>> No.2690325

>>2690306
Right now Im 2 million sats in the green

>> No.2690330

>>2690325
...... that's just your initial investment, isn't it?

>> No.2690337

>>2690330
initial investments was 200 million sats

>> No.2690345

>>2690337
duh right
so his ROI is like nothing lol

>> No.2690348

>>2690321
>if you think litecoin is just bitcoin but faster or whatever you should read charlie lee's reason for creating litecoin

>can't list a single advantage of litecoin over bitcoin beside 2.5 minute block times
>go read the creator's reason!!!

>> No.2690433

>>2690330
please read post 1 section 1

>> No.2690454

>>2689630
>emotional revenge trading
I don't even need to look at the litecoin charts, I know it's going to go up now.

>> No.2690847
File: 34 KB, 457x451, litecoin.png [View same] [iqdb] [saucenao] [google]
2690847

>>2690454
Looks like its my lucky day
and yes, I shorted at the very top

>> No.2691726
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2691726

FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKKKKKKKKKKKKKKKKKKK

IUT MOOONED

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKCKCKCKCKCKK

>> No.2691732

>oh another mETHfag thread trying to decredit litecoin.

nothing to see here/

>> No.2691739

>>2689630
The cryptomarket is slow as fuck right now. There won't be big gains.

>> No.2691744

>>2691726
HAHAHAHAHAHAHA

>> No.2691752

On GDAX it looked like a $500,000 sell wall fell at $42

>> No.2691759

>>2689630
GET REKT FAG AHAHAHA

>> No.2691760
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2691760

>>2691726
shit lad

>> No.2691768
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2691768

>>2689875
>>2689890

>> No.2691769
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2691769

>>2689630
>>2691726

FUAAAAAAARK

>> No.2691774
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2691774

I just threw up for real

fuck my fucking life baka

>> No.2691819

>>2691726
take heart, there's a serious sell wall at 44 and just before it

>> No.2691825

>>2691774
It might be a pump and dump to trick shitters reacting to the news.
Hodl a bit longer and wait it out

>> No.2691827
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2691827

I know this feel

>> No.2691831

CROSS. CHAIN. ATOMIC. SWAPS.

DIE METHFAGS.

>> No.2691844

>>2689630

Calm down anon. Crypto isn't everything. Money isn't everything.

>> No.2691860

>>2691844
Fuck off Dr. Phil, OP is a retard and now is when we point and laugh.

>> No.2691862

posting in epic thread.

>> No.2692030
File: 572 KB, 600x580, 2ec.png [View same] [iqdb] [saucenao] [google]
2692030

>>2691825
Hodling will not work when there is nothing to hodl to begin with

>> No.2692068

HAHAHHAHAHHAHHHHAHAHHAHAHHAHABHAHHSBAHA

*deep breath*

AHHAHAHHAHAHHAHHAHAHAHAHHAHHAHAHHAHHAHAHAHAHAHAHHAHAHHSHAHAHHA

>> No.2692099

>>2689630
>>2691726
short is way too risky even for a experienced pro

lesson learned

>> No.2692109

EVERYONE LAUGH AT THIS GUY

>> No.2692121

Just wait it out, given how the past few weeks of crypto have gone our next crash should be in 1 more day.

>> No.2692122

That was such bad timing. It went big out of nowhere.

>> No.2692137
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2692137

I loled so hard irl

mfw holding 3 btc of LTC

>> No.2692168

Anybody else thinking about shorting ltc now?

>> No.2692188

>>2692168

Lol you know the MINUTE you short it, it will shoot back to $48

>> No.2692209
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2692209

>>2689890
>NEEDS big gains
>making the cheese

K

>> No.2692216

>>2691726
WEW

>> No.2692219

>>2692188
LTC has been 45/46 in the past, but that was when ETH was 320-340
I imagine it'll go back down, or the others will have to rise to match it

I'm hesitant to go in on ETH since it's coming down from the upswing of a previous dip

>> No.2692239
File: 87 KB, 2592x1944, biggainsformrcheese.jpg [View same] [iqdb] [saucenao] [google]
2692239

>> No.2692255

>>2691726
lol don't be a pussy its up like 10%
still downtrending

>> No.2692266

>>2692168

I am, way overbought, too far out from the announcement to carry momentum, shits going back to 0.0160's guaranteed.

>> No.2692326

I hope you're catching the top of this thing.

>> No.2692877

>>2690210
ETH has an UNLIMITED SUPPLY. Its value is meaningless and can change instantly.

>> No.2692890
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2692890

>>2689675
it was $38 a while ago and it will go back there

>> No.2692896
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2692896

>>2691726
I came back just for this.

My fucking sides are in orbit. Thanks OP, your pain is my gain in keks

>> No.2693036

>>2691774
So is OP cutting his loses or praying it goes back down instead of mooning further?

>> No.2693110

>>2689630
>I NEED big gains now

Bad idea to trade with this attitude.

>> No.2693178

>>2689862
Litecoin has real world adoption, unlike ethereum.
You can donate LTC to wikileaks or buy something with it. You can't do it with ETH, also ETH has big transaction fees.

>> No.2693259

>>2692168
yeah, just started 10 minutes ago. watch me gaining profit faggots.

>> No.2693263
File: 106 KB, 1277x541, 657682323324.jpg [View same] [iqdb] [saucenao] [google]
2693263

>>2689630
>Just shorted litecoin

You did what?

>> No.2693297

is it safe to assume op has khs

>> No.2693337

>>2693178
you can buy drugs with eth, which is 10x better

>> No.2693426
File: 292 KB, 462x450, shitcoin.png [View same] [iqdb] [saucenao] [google]
2693426

Hey OP, close your position at a loss, lol

>> No.2693433

RIP in piece OP

>> No.2693448

>sold at 17.5k last night to rebuy the correction, also been hodling and ready to put more money in ltc from my check I got this morning
Now im entirely missing the moon mission cause it isn't slowing down. I should've never tried to make a few pathetic fractions of ltc by trading

>> No.2693867

>>2690847
>>2690454

called it.

never revenge trade.

thanks for the call though OP

>> No.2694109

Rip op. Tried to warn you.

>> No.2694215

lmfao thanks the laughs op

>> No.2694240

>>2689630
since your now broke OP how how much for a blowjob?

>> No.2694271

>>2694240
>your
>how how

>> No.2694302

>>2689630

Get in PINK and SIB

>> No.2694393

$50.20 on OkCoin Intl.

$49+ on the chinese exchanges.

It's going to $50+.


all these naysayers got rekt

$47 on coinbase

last all time high: $49.99

if it gets to $50, Celebrate the 4th of July!

>> No.2694429

>>2693178

>also ETH has big transaction fees
>cost me LITERALLY 18 cents to send $5000 yesterday

Braindead much?

>> No.2694467

>>2692877
? educate yourself

>> No.2694468

>>2694429
>retard don't understand fees in crypto
>hold $5000 in scam coin

>> No.2694626
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2694626

>>2689630
>shorting LTC
>ever

>> No.2694640

>>2694393

dropped from $47.70 to $44.90 on coinbase and now it's $45.90

i really hope it can break through $50 this week

>> No.2694643

>>2694429
you can send transactions with literally sub $0.001 USD fee and have them still arrive in a few minutes, if you bypass the main client

>> No.2694664
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2694664

>>2692877
no?

but with Casper, mining will be Proof of Stake anyways. so if you hold 0.000001% of all ETH, you'll keep on holding 0.000001% of all ETH forever, no matter what the inflation is

>> No.2694840

>>2694626
I made 2k shorting LTC recently

>> No.2694932

>>2694664

0.5-2% annual earnings on investment put in point of stake?

is this idiot kidding? i can get a better deal with a checking account with interest

>> No.2694956

>>2694932
How much interest do you earn on BTC?