Litecoin Owner Has Sold all of His LTC!

[wilberthh]

Charlie lee ( the founder of Litecoin (LTC) ) sold all his LTC  coin! 

 

Read the whole news here : https://techcrunch.com/2017/12/20/litecoin-charlie-lee-conflict-of-interest/

 

Is this a bad news for litecoin?? as of now litecoin is dropped for just 3%, but what you think in the future? could this affect the price of LItecoin?

[barbaris]

Yes, not very good news for the owners of LTC, I think now will begin a massive sale of the coin. I never trusted this coin and did not hold it.

[Snike]

That would be something similar like if the owners of VW say that their cards are shit and they wouldnt drive them themselfes. Just nothing an investor wants to hear...

[akki785]

If an owner sold his/her property without any reason, then there create a question mark about the property. Litecoin was never my fav coin. And in my guess, people will panic now and then there will create urgency to sell litecoins who has own it..

[Kargai]

I don't see why it's a bad news for the coin itself. I understand that it seem negative for people but take a step back and analyse.

He stay at Litecoin, he don't run away. He will still do the same job. And the coin is still technologicaly the same and better than some others. I understand that sometimes it's a conflict of interest for him to say what he want about the coin and be seen as a pumper/dumper for his own coin. Being judged every tweet can be tiring. And he can easily be accused legally to dump/pump his coin even if it wasn't his intent.

By being out now he can no longer be able to pump/dump anymore and it seem to me a great way to make the coin more trustworthy for the mainstream people.

 

 

[wilberthh]

For me personally I think this is a bad news, if the only itself sold all of his coins, then there must be something wrong..

I'm not a holder of litecoin, but I hope this news wont affect litecoin at all.

[Franchico03]

I read about it and about the owner of Bitcoin.com, he sold all his BTC because he said there's no future that one, I'm afraid that this can be one of the points that will make BTC loose his power and starts decreasing... sadly

 

Have a nice day

Happy Holidays to you and your family

[vuongdz]

Ltc down too much. Only 240$ now. But i think its up again . Any coins always down and up on those trend

[testB]

I think this is a tough one, and from the posts here, many aren't perceiving it the way they intended. If he just wanted to jump ship, he could have dumped his coins without telling anyone.

It's possible he could have predicted reactions like these, and still considered it to be a good move looking forward.

LTC is dropping, but so is the market in general. It's not the best indicator right now. Unless it starts plummeting much faster than most.

 

[RicciRivero]

Damn i truted LTC rn. but maybe this will be a bad news for this coin. its going down rn. i hope it will go up soon again.

 

[futurwavsurf]

I was surprised to hear this... it's worrisome that he sees this as the highest ATH forever? Crypto's just getting started am I right? Lol

[skillex]

I feel sorry for the litecoin owner for now for selling all his litecoins, well if he profit that very big enough he is still lucky and in great income for the LTC price this month really rocks as its soar high or gain x3 of its price since november. Well its just normal for big investors to sell but he should have left a little amount of LTC at least maybe 20% of it for investment coz we dont know LTC will never go down back again as it was its price in preceeding months.

[wilberthh]

9 minutes ago, skillex said:

I feel sorry for the litecoin owner for now for selling all his litecoins, well if he profit that very big enough he is still lucky and in great income for the LTC price this month really rocks as its soar high or gain x3 of its price since november. Well its just normal for big investors to sell but he should have left a little amount of LTC at least maybe 20% of it for investment coz we dont know LTC will never go down back again as it was its price in preceeding months.

I think it might be fake?? I don't think he will sell all of his ltc. Maybe 70% at that time?? idk.

Personally I don't really believe if he sold it

[bUZz]

I think Litecoin will survive even if he sold all his coins...

[Edward]

Didn't seem to affect the price that much. It may have stopped the heavy upswing however.

[xtinepink]

Litecoin will still survive of course, the only thing is that the mindset of ltc holders will probably on the negative side.

[Ymerej]

If Charlie lee will sell all his litecoin does this mean that the person/company holding a huge or the biggest amount of litecoin will be the new owner of litecoin?  

[Spamking]

That is sketchy! He probably knows somethings we dont, i mean being the owner, he probably knows best whether or not litecoin is worth holding or has any future at all. I would sell lite coin personally but i dont own any. Im sure many are going to sketch out in the same way tho and sell, but idk if to the degree that it would ruin litecoin.

Though its not like ive heard much application and integration of litecoin into things like ethereum or bitcoin.  

[Dextract]

Its just a publicity stunt in my opinion. 

[barbaris]

1 hour ago, Dextract said:

Its just a publicity stunt in my opinion. 

Perhaps this is just an advertising trick, but I think it was quite successful. It was a kind of correction.

[Kargai]

Like @Edward said it was not a so bad news after all. LTC dropped but not more than any other major crypto in this period. And I truly believe that most of the future investors in 2018 will have nothing to care about that news.

When you look at the technology behing LTC the current price seem still undervalued even if the coin rise a lot in the last weeks. It's historicaly the second crypto and they have implemented a lot of things BTC need right now (faster blocks, ...).

And I read some possible great things coming in 2018, like the integration of LTC as a paiement method in Facebook, etc. For a day-to-day usage I saw them well positionned with BCH so i will not be too surprise to see the coin a 800 or 1000$ next year.