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RE: Charlie Lee - The Litecoins Creator Doing a Trade of a Year
well shit that is pretty wild seriously. but I think LTC and other cryptos have a long way to go before being adopted into facebook they cant handle that amount of transactions on top of everything they are currently doing.
litecoin is a shitcoin. even the founder sold his because he knows this
lol, Not true
No offence but Charlie wrote on Reddit explaining his reasoning and also saying that he had no intentions of stepping away from litecoin as a creator. He simply felt like this would be the best way to eliminate some of the FUD that is spread because of his holdings in his company.
Please elaborate.
I know that there are alot of whales in crypto, particularly the early adopters. One rumor being satoshi has 1 million bitcoin. Imagine if he sold just 10% of that, the market would crash to almost nothing, that applies to charlie lee too, some people think he has the power to crash litecoin when ever he feels, which he probably still could through words, but now he can't do it by selling loads- apparently, good arguments for both sides as to if hes honest, personally I think he is