RE: Charlie Lee - The Litecoins Creator Doing a Trade of a Year

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Charlie Lee - The Litecoins Creator Doing a Trade of a Year

in litecoin •  7 years ago 

Honestly I think he was just being smart anyone who has been in crypto for even a couple months knows that the gains on everything we were seeing was unnatural and had to correct eventually. He called where he wanted to get out and he did it was smart on his part. People are saying he knew something on the inside but I saw this correction coming and I am sure a bunch of others did too.

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Quite possible. There was an unhealthy amount of greed and euphoria leading up to past week and we built almost 150 billion of market capitalization in a matter of days. That's quite insane. He may have been what you'd call "smart money" in cashing out, while the public continued its unsustainable bull rally.