Just shorted litecoin with 2 bitcoins

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

Other urls found in this thread:

coinwarz.com/network-hashrate-charts/ethereum-network-hashrate-chart
coinwarz.com/network-hashrate-charts/litecoin-network-hashrate-chart
ethnews.com/the-ethereum-community-demonstrates-its-strength-how-ethereum-solved-its-own-block-size-controversy
twitter.com/SFWRedditGifs

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

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

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

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

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

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

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

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

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

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

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

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

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

>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 ?

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

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

OP when can you exit?

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

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

you can close your position any time you want.

you are so wrong it hurts

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

>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.

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

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

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

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

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

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

>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.

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

>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

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

coinwarz.com/network-hashrate-charts/ethereum-network-hashrate-chart
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?

...

Checked.
Evidence to me that ETH is for good goys.

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)

forgot link
ethnews.com/the-ethereum-community-demonstrates-its-strength-how-ethereum-solved-its-own-block-size-controversy

Litecoin btfo

>tfw litecoin in a downtrend

the profits just keep rolling in

You must love losing money

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

Right now Im 2 million sats in the green

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

initial investments was 200 million sats

duh right
so his ROI is like nothing lol

>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!!!

please read post 1 section 1

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

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

FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKKKKKKKKKKKKKKKKKKK

IUT MOOONED

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKCKCKCKCKCKK

>oh another mETHfag thread trying to decredit litecoin.

nothing to see here/

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

HAHAHAHAHAHAHA

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

GET REKT FAG AHAHAHA

shit lad

...

FUAAAAAAARK

I just threw up for real

fuck my fucking life baka

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

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

I know this feel

CROSS. CHAIN. ATOMIC. SWAPS.

DIE METHFAGS.

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

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

posting in epic thread.

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

HAHAHHAHAHHAHHHHAHAHHAHAHHAHABHAHHSBAHA

*deep breath*

AHHAHAHHAHAHHAHHAHAHAHAHHAHHAHAHHAHHAHAHAHAHAHAHHAHAHHSHAHAHHA

short is way too risky even for a experienced pro

lesson learned

EVERYONE LAUGH AT THIS GUY

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

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

I loled so hard irl

mfw holding 3 btc of LTC

Anybody else thinking about shorting ltc now?

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

>NEEDS big gains
>making the cheese

K

WEW

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

...

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

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

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

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

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

I came back just for this.

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

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

>I NEED big gains now

Bad idea to trade with this attitude.

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.

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

>Just shorted litecoin

You did what?

is it safe to assume op has khs

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

Hey OP, close your position at a loss, lol

RIP in piece OP

>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

called it.

never revenge trade.

thanks for the call though OP

Rip op. Tried to warn you.

lmfao thanks the laughs op

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

>your
>how how

Get in PINK and SIB