I'm stuck in limbo if I want to cash out LTC at the moment since I have 3X my investment and then wait a bit.
Cash out partially, but not entirely. Always good to take some profits, but should never do it with your entire stack.
I don't have much. just a few coins but bought it cheap. Don't know if its worth breaking up or jus continue to hold
True. I got my DCA/HODL portfolio. And my intra day/short term portfolio. LTC and ETH are fun today. Buying pieces of each and flipping it. **** better not crash. SIL
Even if you have just 6, I'd sell 1.5-2. And then throw a low bid in there to buy it back. Like sell $360 for 2, then throw a $5 bid back for 2. If **** does collapse like the fella said, you made $710. If it didn't you made $720. Edit: you didn't make 710 or 720, but whatever it is net your purchase price. And whether you WACOCC it or fifo/lifo it. SIL
This. Breh could only have a fraction of one LTC and it'd still be a good move to sell or trade some.
Right now, I have a few to be set to sell past $400 resistance. 402-418. If those get lifted, I'm bidding back in at 350-365. In my HODL, I sold some 370-374s that I bought at $30. I'm re bid at $3.50-$5. SIL
And this is no particular advice, but my own belief. I'm a believer there'll be massive swings like the LTC guy said due to the nature of this. I've got no problem selling some high priced commodity, I bought cheap in my HODL portfolio. Cause that's why I bought it. To make those gains. And nothing wrong with selling 350s, when you bought 95s. That's why you did it. Say it goes to 500. So be it, you still MADE money. You can't predict the reach of it. If you're in this for just buying to hold, and sell if it booms. That's it. SIL
Ill say it again guys. Do not use Coinbase/GDAX, Kraken or any of these major exchanges if you are short term holding or trying to day trade. When these frenzy's happen, Coinbase is the the first to go down. The bigger the dump, the longer it stays offline. If Litecoin goes from 320 down to 50 in a few hours, you wont be able to log in until things calm down...which means you will sell at the bottom. FOMO and FUD is a b****. So either go in for the long term or get your coins on a more stable platform.
Certainly so - but that's easy enough a thing to have if you're trying to avoid timing issues with selling alt-coins into USD. You were going to have to make a few transfers anyway - it just changes which transfers you make. Basically, if you plan to sell an alt-coin anytime soon, just make sure you some some BTC in a BTC->USD exchange and then you'll be good to go whenever you decide to sell.
The problem you face is that most of the other exchanges are USDT based, and that has it's own set of problems. Besides the possible fraud issue that could crash USDT at some point, it's also trading at a substantial premium right now for whatever reason (6% last time I checked), which is why prices show as so much lower on places like Poloniex. But if you're caught holding USDT when it normalizes back to $1, you'll lose out. Coinbase/Kraken have the advantage of being USD based.
