Long-term LTC holders, do you also trade on the side?
Held LTC for years and still believe there’s a place for a coin focused on straightforward payments. That’s what interests me about LTC. The “silver to Bitcoin’s gold” comparison has never been enough of a reason for me to hold it on its own.
That belief is behind my monthly buys. I add a little manually and keep that LTC as a long-term position. I don’t expect the price to reward my patience every month, though.
Keeping a separate trading allocation gives me some flexibility while I hold. When the market moves sideways, there can be opportunities to trade the swings. I use bydfi’s futures grid bot for that part, setting a price range for it to trade within. It can still lose money if the market trends out of the range.
The split helps me stick with my longer-term view on LTC without making every short-term trade a decision about whether I still believe in it.
Do you keep a similar split? Or does trading on the side make it harder to leave your long-term holdings alone?