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The Litecoin Thread

traveller0101

Who here is holding some Litecoin?

What are your expectations, hopes and fears for the future?

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Elemonator

papu wrote: »

Depends where you trade, but you can usually generate a report and calculate your profits from that.

Thanks. I'd want to get on it quick, Litecoin has gained 15% in the past hour alone!

SlowBlowin

300 is being a big stubbon... seen 312 just now but its not breaking clear.

papu

Elemonator wrote: »

I'm not sure if this is the right thread for this sort of question but I'm certainly interested in crytocurrencies. What is everyone's tax liability and how do you keep track of such transactions, if at all? My understanding is that it will fall under CGT and I will pay it but I have been led to believe that it is self assessed hence my questions on keeping track of investments/profits and when it needs to be filed.

Depends where you trade, but you can usually generate a report and calculate your profits from that.

Benzino

Negative_G wrote: »

Do you think its sustainable?

Nobody knows, people have been saying Bitcoin will crash all year, and yet there it is, making some people millionaires.

NaiveMelodies

Its abnormal.

Elemonator

I'm not sure if this is the right thread for this sort of question but I'm certainly interested in crytocurrencies. What is everyone's tax liability and how do you keep track of such transactions, if at all? My understanding is that it will fall under CGT and I will pay it but I have been led to believe that it is self assessed hence my questions on keeping track of investments/profits and when it needs to be filed.

dan786

papu wrote: »

What's your target?

Never set a target. I bought a bitcoin and Ether too.

Bitcoin is not going up - went down and now recovered to what I got it for.

Ether up marginally.

While Litecoin has almost trebled - had planned to wait till 1000 on this and then sell. But no one predict the future so unsure now seeing that its going up very fast there has to be a correction

Negative_G

papu wrote: »

Why do you think it's unsustainable?

Lack of understanding essentially.

The general Perception from what i read online is that a big correction is quite likely.

Its gone from just over 100 on Sunday to almost 250 today.

Do you think its sustainable?

dan786

Wombatman wrote: »

50\50 split and then freeroll your profits?

Might to do that. Might wait and see till end of day. Have a feelings its crossing 300 today.

superfurry1

By the lite of the silvery moon

john kinsella

This is insane! 46% growth today alone!

Sarah1916

So hard to know. Maybe we will look back in a years time and think 'God, why didn't I buy more when they were so cheap @ $250'.... Or maybe we will say 'why didn't we sell'! Nobody knows!
All we can do is hope

[Deleted User]

Negative_G wrote: »

I have a small amount invested. Complete novice.

It seems to be unsustainable now that its approaching 250.

Million dollar question. When do you pull the plug and run?

You could pull the plug and buy back in when it drops......if it drops.

papu

Negative_G wrote: »

I have a small amount invested. Complete novice.

It seems to be unsustainable now that its approaching 250.

Million dollar question. When do you pull the plug and run?

Why do you think it's unsustainable?

Negative_G

I have a small amount invested. Complete novice.

It seems to be unsustainable now that its approaching 250.

Million dollar question. When do you pull the plug and run?

Wombatman

papu

NaiveMelodies wrote: »

This is getting insane. I think I need to sell soon.

Almost 250€

NaiveMelodies

This is getting insane. I think I need to sell soon.

papu

dan786 wrote: »

Got 6.7 coins at 600 few days back. Now getting 1250€. Any suggestions?

What's your target?

fran426ft

I said I'd wait and see instead of buying in this morning when price was €205 now it's €242. typical.

Wombatman

dan786 wrote: »

Got 6.7 coins at 600 few days back. Now getting 1250€. Any suggestions?

50\50 split and then freeroll your profits?

dan786

Got 6.7 coins at 600 few days back. Now getting 1250€. Any suggestions?

The Megaphone

On the delay with SEPA deposits, I used my credit card to purchase at the weekend so while at a higher rate, the difference is inconsequential at this time given the recent spike in value!

The Megaphone

papu wrote: »

it can't last forever though.

Yes is can if we all keep saying it can, and start encouraging all our friends to start investing!!

papu

Twiggy69 wrote: »

Where can a person research to make an informed decision rather than trying to beat the market? I saw a guy on YouTube related to the Gdax account, he was talking about making money in a falling market... is this referring to buying futures????

There are no informed decisions really, prices will fluctuate for reasons you really can't predict. Invest what you'd be comfortable with losing. Currently all the major cryptos are making huge gains, it can't last forever though.

jonny_b

Delighted I got in on this early just raging I didn’t buy more of them. Charlie lee had an interesting post on Twitter yesterday saying it could just as easily fall back to $20 due to the bearish moves. If it does I’ll be in like a flash buying more

papu

LTC still has legs as I see it.
It's still the cheapest option for people jumping in on coinbase, the transaction speeds are super quick and the fees are so much less than BTC.
Going to Hodl for another 50-100%

Twiggy69

Where can a person research to make an informed decision rather than trying to beat the market? I saw a guy on YouTube related to the Gdax account, he was talking about making money in a falling market... is this referring to buying futures????

Chancer3001

Growthleft but ow much remains to be seen.

Time to get on other coins that can get the 10x easier

rapul

Quite hesitant alrite I had bought back when it was relatively cheap, well definitly cheaper than it is now,but dont know what to be thinking , great profit at the moment ,gonna just wait it out and see id say in the end!