london55555
Short

LTC $121 Bull Run Or Long Trap? We Say Trap

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
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Is the current rally in LTC a new bull run or just another long trap? Please post your thoughts below.
Comment: We stand by our short call on this LTC name please post below if you agree or disagree
Comment: We're looking for civil comments on this thread NOT personal attacks re "troll" "charlatan" etc Please post ONLY comments of value relative to LTC. Thank you.
Comment: I see we're getting all sorts of "hate" comments from the "experts" You all understand that LTC is only up 12% from $121 correct? I understand that this is probably the only time any of you have made a dime in crypto but please remember before you comment on this thread that LTC is ONLY UP 12% here. Good luck.
Comment: LONGS - This name is up now 5% from this call - do you have any idea how many are now potentially trapped in this name?
Comment: As we said and posted - A LONG TRAP.
Comment: We posted this exactly one week ago today and look at all the hate comments and guess what this was a TRAP exactly as we said it was. It hit $84 today - we posted at $121 - where are all the haters? Let me guess they all sold on the bounce to $140 even the ones that posted "it's just getting started - HODL" along with the ones ones that commented " Ha! you got REKT" etc Hopefully but doubtful they will learn that one NEVER profits by wishing for another's demise.
Comment: Month not week that should read LOL Same result
Comment: Now DOWN nearly 40% from this call - and some still knock this call. And yes it certainly was a trap.
Comment: This name is a CLASSIC EXAMPLE of a Bull Trap $145 down to $78 in a matter of a few days - Welcome to Crypto.
Comment: A TRAP EXACTLY AS WE SAID IT WAS - KEEP GETTING LONG AT YOUR OWN RISK.
Comment: LTC in the crapper once again
Comment: LTC Now At $85 As We Said $121 was a TRAP. PERIOD.
Comment: TRAP = A Name That Falls From $140 to $72 and FAST = LTC
Comment: LTC WILL SEE $16 EXACTLY AS WE SAID IT WOULD.
*** Please see recent update ***
Reply
Yawn...

To suggest it was a "trap" implies that it will never recover, and those who bought at $120 are forever victims.

I didn't realize it was dead again... It reminds me of a quote, allbeit written about an unrealated subject, however it still rings in my mind about "the death of a crypto currency"...

"Every time the cataclysmic concept has come to life, the 'beast' has been stoned, burned at the stake, beaten to a pulp, and buried with a vengeance; but the corpse simply won't stay dead. Each time, it raises the lid of its coffin and says in sepulchral tones: 'You will die before I.' " - Chan Thomas, The Adam and Eve Story

How many people still regret buying LTC at $30 before it crashed to $2? Nobody who holds and waits is a loser, haven't seen it happen yet.

The ones who lose the most are those who lack imagination about what the future holds in store.
+1 Reply
london55555 pungopete468
@pungopete468, You're kidding with this comment right? @dRends35
+1 Reply
pungopete468 london55555
@london55555, Perhaps I'm taking all this doom and gloom too lightly. I've just seen it so many times before, it just gets exhausting. From my perspective, every year that goes by it becomes more clear that it isn't going to fade away. Each time it crashes down, it's far less unnerving than the time before. It's a part of a larger revolution, and that die has already been cast.

I suggest you strap yourself in and enjoy the ride. What fun is a coaster without any drops anyways? I see no evidence that would even suggest it's been derailed...
Reply
london55555 pungopete468
@pungopete468, Thank you for the comment byut we'll pass on your suggestion - it's the fastest way to ruin. We'll see you at LTC $16 just as we said. Good luck @dRends35 #PatiencePaysWell
Reply
It's a twaaap !
+1 Reply
good call
+2 Reply
london55555 erikmatson
@erikmatson, Thank you
+1 Reply
spot on
+1 Reply
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