This has definitely been one of the biggest gain days in the crypto boom this year. With coins seeing nearly 100% gains in 24-hrs (ahem, LTC), these markets are no doubt on fire.
All of this movement though does make the hair on the back of my neck stand up. I am super cautious in these situations. There's HUGE downside potential and the floor can fall quickly. I honesty expect this to happen with LTC.
The one year market cap graph has me cautious.
For now though, everything seems fun and entertaining to watch. Happy trading!!
thanks for your post :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I also believe we will see a price dip, however it will return to this price (if nothing permanently detrimental happens). With high fees on bitcoin i have stopped moving and trading, although it is possible with LTC i just think hold. I will hold my stuff for at least 6 months, the more people joining in, the more it will rise.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit