Today I bought my very first Litecoins. I knew it was a coin buying day because on my way home from work, a friend of mine whatsapped to laugh that I should close up my blog. I knew he was referring to the day’s softness in the cryptomarket. China had announced that it was cracking down on ICOs and this had caused a sea of red amongst all coins. Look at this from coinmarketcap.com today (4th September): I wasn’t too fussed by my friend’s glee. Instead, I welcomed this. I don’t hold leverage (I’ve learned the hard way that this is dangerous). And I’m ‘buy and hold’. 10% down, 20% down and I’m not too fussed. This is just noise that is actually a buying opportunity. Why buy Litecoin? It fulfils the criteria I laid out in my previous post on what I look out for in buying cryptocurrencies. In …[Read More]