Bitcoin Forum

Charlie Lee Resigns From Coinbase to Focus on Litecoin

https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin/ (https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin/)

Good for Litecoin
The Chinese going to make Litecoin their primary coin from current Ethorium, just like the Russian and Korean making Ethorium their. The Chinese will dump Eth when is the right time to switch for Litecoin.

Not sure if srs.

Me and this person think alike.
Something like Rootstock implementation for Litecoin and it is going to be a solid platform.

This is a serious news and i think better to purchase some litecoins as of now since they are still cheap and affordable.This thing might not give effect but if it does then expect price will swolen up and its time for Litecoin for sure. Lucky for those who holds of lots of litecoins. Keeping an eye on this one as he said switching to litecoin, to the moon..I will surely join the ride.

I really doubt that it is going to happen. During the past 2-3 months, I am not witnessing any increased demand for Litecoin from either China or Hong Kong. On the other hand, the Chinese investors are buying up Ethereum and Ripple like crazy. In China, the ETH volumes are almost equal to the BTC volumes.

Well there might be something really important happening if BOBBY LEE is going back to helping out LTC grow to the next level. Of course the Chinese will probably keep their plans under wraps, at the end of the day, they will want to keep all the profit also. Just like they mine most of the Bitcoin, they will find a way to control LITECOIN also, it's inevitable.

what was Charlie Lee doing in Coinbase, i mean what was his position?

maybe it is just me but it doesn't make much sense to leave a job at Coinbase just to work on litecoin! it is not like he is the only developer and it is not like they were producing code on their own so far! there is a team and they mostly copy code from bitcoin
and as for LN and all the rest of the projects regarding Segwit it is still bitcoin team that is working and contributing to that.


i think he is mostly joking because nobody can really dump etherum apart from its owners since they have been controlling most of the supply so far! and when things like rootstock took the edge from eth they will start dumping.

I don't think so. It is a good news for Lietcoin, but i don't think it will have a negative effect on ETH. The most of promising ICO projects in China accept ETH coins as token payment, rather than Litecoin. So the ETH will not dump in my opinion.

This is one of the tactics that arise from the thought of charlie lee when not many people use litecoin, he dare to take a big risk to get out of coinbase, I think this is the right step because nowadays high value bitcoin in china. Makes the bottom of many obstacles from small groups and if he focuses on litecoin it will probably be a lot of chinese people waiting for this moment. Good luck.

I dont understand why he did not do it before. Altho LTC follows BTC it still needs some attention. 
Actually we will see many people resign in upcoming months. Since their asset went x10 they will rather focus i things they like more.

It's good news I can bag some lotecoin into my wallet it's really good move and also Chinese are going to use lotecoin soon they start to dump ether

Yeah.. Right now I think it is too late for Charlie Lee to pump up Litecoin. He should have done this 3 months ago. Perhaps he is hoping to reap profits from the current crypto-currency rally. But I don't have much hopes for Litecoin. That currency had its moments. Once it was regarded as the crypto equivalent of silver (with BTC being gold). But it is close to being obsolete now.

Is this some kind of joke,what economic magic is China planning to implement with litecoin,are they planning because of its price stability,lets see how things will go,if i feel like the price of litecoin will go up then i will grab some rather than holding them for a longer time.