This is officially my first post, and I only joined because I’m highly emotional at this point and need to warn other newbie investors.
I was on various forums where people were touting their cryptocurrency success stories. So I wanted to try it out. I did some research and some people said on forums that LTC was going to $50 because segwit was going to be activated. I did more research and it looked like everyone hyped it up a lot and it seemed like a sure thing.
I bought 200 LTC when it was at $15 and didn’t sell when it hit $16 because I waited for SegWit.
Then when it finally locked in a few hours ago, THE PRICE SUDDENLY DOVE SO HARD. I quickly turned to reddit and saw everyone jeering cruelly at investors who bought LTC for the hype! It was like some kind of cruel joke and all the major LTC people who were happy for segwit all jeered and said the price was going to fall to $2 and that investors who were looking for quick cash are stupid.
I cried so hard because I kept checking and LTC fell and fell to 13.6! $2 was inevitable! So to save my investment or what was left of it, I sold everything just now. . .
People are so cruel that they would do this. I don’t know why hype it up just to trick noobs? It’s real money!
I just want to warn any new investors. . . Don’t buy the hype – do more careful research. If something seems too good to be true, do more research. Just because segwit gets activated, doesn’t mean price will go up :(.