Just found this article talking about the reasoning behind the liquidation of coins in Litecoin from its founder. Looks like Litecoin is possibly getting set to make a big announcement about a partnership with Facebook. Looks like the founder of Litecoin sold his shares with the intention of not having any personal interests in mind. By the founder not owning any coins there would be greater legitimacy to the coin. This in turn would give more credence to Litecoin as a non owned and operated Crypto Currency.
Here is a quote from the zerohedge article -
"It was requested from Facebook to do it so that he can’t be accused of personal interest, decision bias with regards to the LTC ecosystem development. Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel.
“Digital currency exchange startup Coinbase has announced the appointment of a Facebook executive to its board of directors. In joining the board, David Marcus, vice president of messaging products at Facebook, will bring years of experience in building large-scale mobile products, according to a Coinbase statement posted yesterday.”
(quote from www.zerohedge.com)
Here is the article in its entirety at
http://www.zerohedge.com/news/2017-12-21/why-charlie-lee-sold-his-litecoin
(article by www.zerohedge.com)
(Facebook image uploaded by The Telegraph on google imaging) I added the word & Litecoin.
Have a good day all. Cheers.
It is both intriguing on many levels... as well as disturbing. ButI say; GO FOR IT...!
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Thanks @kyusho. I went for it. Just a handful so I'm not sweating. Have a good one.
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might be time to spot some lightcoin if this turns out to be true it could be a giant pump in the price. Thanks for sharing.... think I may go pick up a little just in case ;)
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I just bought some myself. Not much but its a start. I'm thinking of adding a little here and there. Plan on leaving it in for the long haul. We will see. Thanks for the reply.
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Yeah I may just point some of my mining workers at Lightcoin... Facebook getting use to crypto is like the gateway drug to STEEM.
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Good analogy. Face book is huge. Couldn't even imagine what would happen to the litecoin price.
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I bought $60 worth of litecoin with some bch and it is up to $83 and climbed faster than BCH so we shall see. If the book of faces starts using it there is going to be a big bump in the price and it will be easier to talk to people about how facebook is taking litecoin and they are not paying out to any of the users. WE can point out that steemit gives you coin as well as making it out of code of the magic of blockchain so come on over and play....
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This is great news, if it is true! :)
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Litecoin has dropped over 30% since yesterday. Buy the rumor?
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I just bought some. Every dollar I could find in my account. Not much but its a start. Why not roll the dice for myself. Cheers.
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Crazy 24 hours, takes courage to buy into a falling price, but there is a lot of chat going on about Litecoin. Fortune favors the brave?!
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I didn't put enough in to break the bank. Not worried a bit. Not like these others that are loaded up. I would be sweating bullets right about now if I was one of them.
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Wow...seems like the price of litecoin is about to skyrocket :) If I had some extra cash I would buy some ASAP.
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Funny thing is it seems to be breaking down in price. Keeps going lower. I will soon see if i made a wise choice in buying a palm full today. Cheers.
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that depends on how far out we look for the return. When you look at the dollar amount it is down when you look at satoshi vs how much you get... over time it will go back up is cool that it is all on christmas sale right now.
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charlie said no fb or amazon partnership but there will be a huge anouncement, maybe google?
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That is really, really interesting! And perhaps yet another sign that the mainstream is taking cryptocurrency seriously.
But beyond that (and keep in mind I am a complete novice at this!) what I find interesting is that this is Litecoin, not Bitcoin that's under consideration. Seems to me this is a break from the perception that "digital currency = Bitcoin."
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Good, excellent, this is fantastic!
Crypto shall start becoming a household thing!
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I do not know why they chose litecoin, but this step would strengthen the positions of this crypto currency very strongly
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I had heard some rumblings about this!! He did sell at a good time though!! :D
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