RE: Charlie Lee: the founder of Litecoin gets rid of his LTC!

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Charlie Lee: the founder of Litecoin gets rid of his LTC!

in bitcoin •  7 years ago 

Very interesting that he would sell his litecoin and then announce that he had sold it all. Surely that would not help your company.

I have noticed that the past few days Litecoin has halted in terms of price. I hope that the coin still grows to become the most successful, but you would think this guy would at least keep some if he really thought this currency would be the one.

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In a way it is helping LTC in the long run because every time he made an announcement on LTC people thought it was just price manipulation. Now he doesn't have a stake in LTC and it will make his statements more credible. No more "he's just trying to get the price down to buy more" or "he's just trying to drive prices up to dump some of his shares".

Now as to whether he has stacks elsewhere...that is debateable :)