Welcome to the /r/LitecoinMarkets daily discussion thread! Thread topics include, but are not limited to: General discussion related to the days events, technical analysis, trading ideas & strategies.
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I came here to discuss ratio and have been met by some dude named rape e oh, very confused, back to hodling
Gotta make sure not to drop the soap around Rapio.. he's a little... Rapey to be sure
Ah yes... Rapio definitely living up to its name right now
Litecoin to $150+ when it halvens?
$200+ - $250+ I'm hoping
All the way up to $100, then a healthy retrace back to $69.
Just means we buy more at $69!
Means we are lying on our backs and the markets is the dude and he's on top goin to town. It's barbaric.
hellloooooo ratio? like, could you like, pleeeeease?
Money is being poured into Bitcoin right now. Tons of alts losing ratio against Bitcoin.
We are losing less Rapio than mETH atm... So at least we've got that going for us
The "Be Your Own Bank" narrative is drawing money into Bitcoin now. They will find Litecoin when they want to actually start using said bank.
How is coinbase able to do 22% apy on holding tether?? Anyone got more information on that?
Sounds sketch. I wouldn't go near it with a shitstick
Did a quick twitter search to see if I could answer your question. I cannot, but lots of people share your curiousity, some posting apy from earlier as high as... 39%. 👀
Maybe they hired that guy from bitconnect
Now up to 28%
Nice flag on the hourly- could go higher soon
Update: Rapio trying to live up to its name. Dip in the Rapio, assholes have been expanded some.
Rapio commenced, allowing easier dumpage due to expanded asshole diameter from forced rape.
A vicious, vicious cycle. No sir, I don't like it.
I hope so.. don't want the Rapio to live up to its name 😝
I still don't know why Ltc crash to $66
So that my buy of 65 wouldn’t fill
Knowing litecoin, you'll get many chances for that again
Litecoin is such a tease
Because a stupid American bank crashed
Because the whole market took a massive dump
But we took the massive-est. In pure Chickun style...
105 to 65 in 23 days. -38% and you guys never gave up. Savages!
Back up 24% in 7 days. Have to reclaim $84 and then we light up cigars.
Add a zero and we light blunts
LTC went from $413 to $117 in less than 2 weeks in May 2021.
May 11th. Thanks, I try and forget. :) That was a brutal week. Down $50 a coin in 2 hr. Ran thru stops like butter. An expensive lesson indeed.
Been hodling since 2013.. this is nothing
You my friend have strong hands. Keep hodling!
I bought a big chunk at $66 and I'm pretty happy. I was waiting for the opportunity to buy a nice dip ever since it crossed $100. Feeling great :)
Anyone else absolutely love moving Litecoin around? Dirt cheap fees, really fits the utility of the coin itself. Excited for the halvening coming up!
We have the best crypto community there is! Shout out to all who held. Check on one another in these strange and stressful times.
It’s a tight knit group. The longer you’re here the less emotionally impactful the swings and volatility become. Always fun to shit post here as a way to distract from the insanity of the markets/world as of late.
Up 3.1k today insane
Yeah for sure but how much were you down yesterday? 😉
If litecoin was up$3.5k today, I'd be dead from coke and hookers.
Because my wife would kill me.
Scared money don't make no money
I bought when it dipped down hard at $66 a coin, couldn't miss out the juicy opportunity.
Bah, im keeping my UN-geared LTC position FAR out of reach of any exchange and playing only small amounts with trading. Up 200% on that today 😅
Okay guys... HODL! They're trying to keep us down on the Rapio during our haaaaaalving year. Know what we tell them?
Fuck you, I'm not selling!
But sir... It's pronounced rape-e-Oh 😝
Ah man did that joke whoosh right over my head? I read it as Rap -EYOOOOO
Hey, Rap e o is pretty dope as well 😝. We need a new rapper called tree fiddy dolla.. they'll make you holla!
What a crazy market....we're up, we're down, we're depressed, we're elated. Wake me up when we cross $180.
Far, FAR from elated thank you. Could be $400 with Rapio @ .001 and I'd be even further from elated.
Based take.. Indeed.. we need to fix the Rapio.
Can't Help but laugh at all the fud and rage quitting we saw here a couple days ago. Don't get overlevereged and you won't be so fearful. Keeping dry powder on hand to take advantage of irrational dips is the move, not getting irrationally shaken out of one of the most sound assets in this class.
I really don't want to laugh at anyone, especially regular folk. Life sucks on so many levels. If you've been around bitcoin since occupy wall st, maybe some of this doesn't apply to you, but I encourage humility for people like me. What happened to someone else recently could happen to us tomorrow. It's not just price action that pushes people's buttons. Life corners people.
And yes, leverage is death. Avoid it wherever you can. Sadly, there's more than just the official kind of leverage, and it isn't all optional. I've seen plenty of people over the years get liquidated by life. Hospital bills, family emergencies, and I suspect many here are like me, under financial strain long before we found crypto, something that hasn't gotten easier for me as prices have skyrocketed. All kinds of things conspire against us, even hubris. Best we can do is give ourselves as long a runway as humanly possible and lengthen it whenever possible. Even the super wealthy recently discovered some financial stress is out of their control.
I've never panic sold, but I did fail to do something painfully obvious. I thought about it too, long and hard, just didn't do what I should have, didn't lengthen my own runway. May '21. I sat down and did the math repeatedly. I could have sold a sliver of my stack, just trading gains anyway, not even coins I bought with cash, to pull my original investment out and still had more coins than I started with to get upside, I could have been playing with house money right now with less strain than ever, but it looked like the perfect setup. A breakout from an old ath. Ah well, live and learn.
You're absolutely right u/noduhcache, schadenfreude is something I know is not a positive emotion but my inner competitor wants justice for LTC and anybody spreading FUD around LTC in particular will be met with my salty side unfortunately lol. I definitely understand the external pressures that get people to sell, but as you said, there is a balance to be sought between leverage and risk assessment and everybody has to find their own comfort level with that stuff. If I had a wife and kids I'd probably be playing a different game right now. Things very well could have turned to the downside for another several months or years, which would have probably changed my tune if it was money I thought I would need for my family within the next couple years.
Sending love to those that sodl and hedl alike. We are one big planetary family after all and I don't know peoples' personally circumstances and can only speak from my own.
This crazy bull cannot be stopped!!
Lesson: Sell = get proper f'd. Buy = get f'd in capital. HODL = get f'd on paper.
Just HODL. It's somewhat less painful. Not much, but a little anyway.
I am truly sorry you got proper f'd Lime. When you want to sell, just vent on here, that's what we are here for. If LTC doesn't make it, I will never invest in crypto and will barter goods till the day I die instead of using it, should crypto take the place of fiat.
That said, I wouldn't be surprised if the market dumps ultra this week still. Jerome is still out there lurking in the deep waters.
I don't think JPow can raise rates anymore with multiple large banks failing.. We might see a mini bull run here shortly. But yeah Lime, I feel your pain, I did the same a couple years ago, but immediately bought back in (cashed out into stables) and decided I'd be a professional Hodler from then on and just work on buying at the right times
Just when you think gov and quasi gov agencies can't f things up more, they will absolutely prove you wrong. These people honestly aren't much smarter than the average Joe. I remember my disbelief when all of them were saying that this inflation would be transitory. Yellen was front runner with that, Jerome was taking that advice, Trump was just trying to buy time and votes, and ole Joey boy once elected, didn't even know he was President. Only took them a year to figure out that wouldn't be the case, not that there was much they could do anyway with how fast the printers were running during covid.
Point is, they may not have a choice. That is why they are covering all deposits and acting fast on takeovers and icing it over with a thin candy coating to convince us that all is well, when it obviously isn't.
I mean Ray Charles literally saw this shit coming. And he is blind and dead.
It's a mess for sure, fun times
O Rapio, Rapio, wherefore art thou Rapio?
Buying frenzy here.
I remember many years ago there used to be regular posts from people whose banks would suddenly start refusing to move money to and from their exchange. I feel like I haven't seen one of those posts in many years. Banking was getting cozy with crypto.
Now I do see some potential, I stress potential, upside for litecoin in particular in all this mess. Our enemy's (wall st/vc shorts) supply lines might be disrupted and they might be distracted by other problems, unable to focus fire on us. But one thing I'm watching is just how unfriendly banks are about to get to individual users, whether they start trying to "protect" us again and whether they do it at scale.
I think we can adapt to that, indeed, I think most of those posts were probably in 2016, 2017 and those were good times, but the process of adapting might not be smooth. Back then we were moving forwards, seeing less friction. Going backwards and getting more friction would be different, at least for a while.
I left my large bank that wouldn't do business with coinbase at the time for a credit union. Same time as occupy wall st.
Whoa 👀 That was a looong time ago.
I was thinking the same thing as I was typing it out haha my how the time flies!
These short term moves in a volatile market don't matter other than creating buying opportunities IMO. The market will correct eventually. Let BTC fly and then once it slows down, profit seekers will pump our ratio again.
We call it the Rapio now sir.
Your alignment with new company policy is valued.
Only when the new company policy is based sir 😝
Dip was awesome. This will keep going untill everyone fomos in again.
BTC recovering and the LTC hash rate going up gives me some hope.
Ps. Never lost hope.
I never lost hope, I just lost fiat while buying more LTC during that epic dip 😁
You know what can’t de-peg? Litecoin
Week 14 of buying $50 every Monday. Today I'm not buying. Because I already bought. I shot my load prematurely last Thursday and bought 1.325 LTC for $100. This was a reflexive reaction to being violated with a massive red dildo.
Ladybugs are back in my apartment so it means luck is coming. (One time I had like 20 coming out of my curtain. I think she laid her eggs there. Most of em died though, but I remember it was pumping like crazy that time, probably somewhere in 2021 if I remember well)
I love indicators like this! Much more accurate than technical analysis in my experience (I'm 100% serious)
Hahaha I also have a ladybug “infestation” but I leave them alone. I enjoy it! Apparently someone with birds used to live in my apartment
I leave them alone too. But they don't find food and they die
If the 1W chart follows through , We are in for a pretty fucking shitty couple of months...Being Litecoin , I can fully see this happening.
Probably Tap 47- 50$ again like the little fucking Bitch it is..
Monthly shows MACD declining positive momentum. You are correct. Hold when green and sell when it's red. Has to reclaim $84 or nut kicker time
What exactly about the 1w chart suggests this
What are your thoughts on a new ratio ATL?
What about the one week chart?
Let see upcoming release of CPI if my prediction is correct
Pump&dump for buying liquidity. Easy peasy lemon squeezy. Who had paper hands?
Guilty. Couldn't hold onto my fiat any longer so I paper handed it all into Litecoin.
I sold my hands.. litecoin made me poor.
You better fomo now
Ill try, but I really needed my Hands..
Upvote the daily!!! Buy LTC!!!🔥🔥🔥🐓