Why is it tanking

it's gonna recover right

in a month or two when you loose all your hope and everyone on this board will call it shitcoin
it happens every time

It's over bois

It's a fucking correction. It's like you've never seen BTC act like this

There’s no reason for it’s recovery.

Might resurrect in 2 years

Nope it done the maker destroyed it by saying it will go to $4. he should be sued
someones probably hunting him now

can you imagine the CEO of Apple saying ok everyone calm down our stock is going up fast i think it going down to $1.???????
so tell me why this cunt said that someone going to put a hit out on him

It will recover around xmas when tech-savvy normies show their clueless aunts uncles and cousins coinbase

HODL, this shit hasn't even begun. Ignore the shills

Yeah what the fuck was that guys problem.
Like...your own product man...

It has been floating around $280 for hours. Starting to ebony me.

pump and dump is the name of the game the last 2 months.

Why is it tanking?

Maybe the better question is, why did it rise 200% over the course of less than a week with no change in its underlying fundamentals?

>inb4 totally untestable and unfalsifiable "normie" theories, which are not fundamentals.

> A correction

A correction correcting what? Its hype/use?
All this market is full of shit, once the hype goes, the coin value goes, stop talking about corrections for fucks sake

I knew I should have sold when it hit $450

>$270
>was $100 a fucking week ago
>tanking
fucking clueless newfags lmao

Always do the opposite of what Veeky Forums says

Its was his Tweet that stoped the run i believe we be at $600. right now
if he shut his fucken mouth

IT'S DUNZO

F

...

Thank you.

We are in a casino, where the games have no rules but many best pay off, and half the people here don't realize it, and don't understand that there is no basis upon which any of this is happening at all.

>BUT MUH STOCK MARKET IS STUPID TOOOOO
It is, but not nearly as stupid as crypto.

JUST;.

bought at 390

Not till bitcoin pumps, holy fuck the newfag normies

>give me an answer
>no not the right one becaue it hurts my feelings wahhh

Kys

...

Zoom out to a one week chart you fucking retards

classic Veeky Forums

This. It will continue to deflate every day. There is a steady downward trend.

You can only make money with it now by making smart day trades.

Actually, normies sounds about right given the spread between other exchanges and gdax/Coinbase. Huge FOMO influx from the futures run up, followed by buying in of LTC when everyone sees they can actually own one whole Litecoin as opposed to the sliver of Bitcoin they can afford.

Yeah but this FOMO doesn't make ancient whales any less influential.

bought at 350 because I'm dumb. Should I just cut my loss now and switch to something else or wait?

buy high sell low

Yes, buy high, sell low, and certainly don't switch to btc as the ratio tanks otherwise you'd make money

Sure, it SOUNDS right. But nobody knows!

A better theory is whale pump, followed by FOMO from a fairly even mixture of normies and Veeky Forumslets and whoever else.

Do people honestly think that a mass of normies just spontaneously and simultaneously, without any coordination, started buying this last Friday morning?

Everyone focuses so hard on what they think the normies are doing with the Coinbase coins, and not nearly enough on what whales are doing.

I'm gonna say that the spark was coordinated pump, and the bleed-out right now is everybody gradually leaving to chase the next coordinated pump.

LTC is one of the only coins in the red right now in the top 100. so expect it to pump back over $325 tomorrow morning at least.

It will get another pump

I'm starting to think this whole market is just one calculated manipulation of whale-groups and we're just pawns in their game.

aka "the planet Earth"

short term market play is a zero sum game. One guy only gains if another guy looses. So yes, we're all manipulating each other to some extent to rob the other person of their money. This is less true with long term holdings.

Now you're starting to get it.

Keep going down that road.

This whole thing is a complete illusion. The same illusion as any financial market, but without the benefit of being established and matured, and full of even more massive, unchecked, in-plain-sight corruption than the established markets.

You can make money, you can make lots of money, but this iteration of this market WILL fall, and Crypto Market 2.0 will rise from the ashes.

Only naive, inexperienced people and deluded fantasists are unable to see this whole thing for what it is.

i feel like the normie excitement over litecoin died down now

no more pumping

I'm suddenly pretty depressed now, but also really want my lambo.

>i feel like the normie excitement over litecoin died down now
ha, wait till they get disappointed with losses and dump it for good at the same speed they were buying