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Charlie Lee looked at NANO 2 days ago: https://np.reddit.com/r/nanocurrency/comments/80c6fg/questions_about_nano_from_charlie_lee/

And it look like he adopted it: https://twitter.com/SatoshiLite/status/968931625001140224 ... even though it is a completely different technology and a direct competitor to Litecoin (fast and cheap transactions)

What does it mean for Litecoin and Bitcoin (the coins he was strongly supporting) ?

Wow! This is unexpected, because NANO is a competitor of LTC. Many seriously consider NANO like a killer Litecoin. I think that NANO will soon increase in price.

Very exciting times for the NANO community, the Litecoin community is not happy to say the least lol

I think many litecoin holders after that tweet of Charlie and selling all his coins are seriously concerned now. He needs to reassure the community LTC.

He's not 'moving', he bought some NANO....
I find it for normal Charlie Lee to invest in other projects and alts. What do you want, a man with millions to not spend some on alt investments?!

Also, I completely agree with him, that NANO is one of the best now, despite the BitGrail 'hack'.

Not going to happen since litecoin is his baby ;D and also he is in control of it,that include doing pump and dump and shilling the coin like he does member the i sold my ltc at 350$ because i had moral problems but i had no problem with it at 50$

Charlie is really a unbiased to these cryptocurrencies,he doesnt want to shill his own coin either way if the NANO owners will join charlie lee and his team that would be a better,because two is better than one 2 technologies would be great to forge a better coin,we could see a merging of two great coins.That is great supporting each other is better than destroying other's technology.

He also owns Decred, So what If he invested some in NANO? He's never going to abandon LTC, It's his creation after all. :P I think NANO is quite a good investment.

True... for now he just said that the technology is "pretty neat" and what it provides is "good to be true" and that he bought some.

But as far as I know he never promoted any other coin other than BTC and Litecoin, even less a coin that is a direct competitor to Litecoin... Also the fact that he made his own research before doing this tweet shows that he is serious about it.

Will he ignore NANO for now on, or focus equally on Litecoin and NANO even though they are competitor or move to NANO ... that it still to be seen.

Wow. Is this real news? Twitter and other social networks are very often hacked. I have not seen official news yet. But the cardinal change of the vector in their work is very difficult in any case. I hope Charlie Lee knows what he is doing.
If he does not change his job, but only declares his purchase, then this is an illegal uplift, since he is a public person.

Charlie Lee is a very important figure that is whose ideas are valued in the world of cryptocurrency, but we have witnessed a lot of irresponsible explanations and confusion. Therefore anyone shouldn't be hasty to be cautious against these news.

Very interesting information. It actually proves that LTC is NOT well decentralized as it heavily depends on Charlie Lee.
Many of us would like to see a fully decentralized coin in terms of technology, not effected by somebodies opinion and government's regulations.

I see a nice pump for NANO

Charlie Lee is out of LTC, his funds had to go somewhere
... I wonder if we see more pumps from Charlie for other coins.

Is this a real news? If this is a real news there will no huge impact on litecoin as far as i know, he was bought NANO and not "moving" from litecoin to nano and he got fascinated to NANO's technology but he still supporting his own creation according to twitter post prior from his latest post about NANO so, there is nothing worry about and besides, litecoin is his own creation after all.

topic starter just wants to pump nano, thats all

His action is a bit strange, he can invest on other coins but he should retain a share of the coin he nurtured I mean not as a majority holder, this speaks for someone who lacks responsibility on his past works, the community still looked upon him being the creator.

He didnt say he will switch to the LTC's competitor,the just want to support the coin.He is truly a good man because his competitors are still being tagged as good coin.In the future we might see some merging of coins,and that would be good LTC's technology combined to NANO's technology will be massive if these two coins will forge to create something bigger.

ehh ... after reading the reddit and the tweet (whoo a tweet).  Didnt seem like that big of deal.  Today its shill or be shilled.  That seemed rather mild imo.  So, I would say it has zero impact on any of his other interest especially lite coin.  But who am I? Haha I'm presuming a lot to come to that conclusion.

That's the same logic as Warren Buffet not investing into other companies only because he owns Berkshire Hathaway  ;D

I find it very tiresome that people often misinterpret other's intention and their decisions.

He's adopting the nano but it seems charlie just bought some nano and out them all into his wallet.  But it looks like another FOMO from charlie lee or he has got a paid to promote such centralized coin in hit twitter. NANO used DAG systemn which very similar to IOTA itself. Used the server to validating any transaction to make the fees worth zero because they don't need to pay the miners again.

He didnt say he will switch to NANO,the just want to express his support to a great coin like NANO,being a good man he doesnt mind if the coin is LTC's competitor and it shows that he is un-biased because most of the people wont do that to their competitors,what a great sportmanship that he has,we might see some merging of team if the NANO will postitively response to charlie lee.

Adopting is different from moving,we wont abandon his own coin because he knows what will happen to his team,the users of his coin.He is just showing some great sportmanship because it is really unexpected from a competitor to give commends to LTC's counter side.This is why i am loving this man,a great true cryptocurrency lover.

He is really a good man,he will never be the same as others like Roger Ver which is clearly showing competitions with the other coin's .He will just adopt to NANO's technology because he is convinced to its potential,but the didnt say he will switch from LTC to NANO.He also have some NANOs because he truly believe it is a good coin,we will see how will NANO reacts to Charlie Lee's support.

So, that means the coin will get pumped then the money from NANO will be pumped into Litecoin. Not a bad strategy.

He just want to express his thoughts,supporting his coin's competitor is really unexpected but it shows how good he is,competition wont be the reason why he will disrespect other's project.He is not another Roger Ver,but he is a great man which i showing a good sportmanship with his competitor,we will see how this statement will affect NANO's price.

What a clickbait,he isnt moving from LTC to NANO and he just express his thoughts about NANO,if he really appreciate something either its a competitor or not he will support it,the technology behind NANO is really promising and we could see how these two coin could make a better coin.I want to see LTC + NANO fork so that these two will be more massive.

Q. Would this be classed as FAKE and MISREPORTED NEWS?
A. Yea

its always good to check a reliable source in these situations and in this
situation the source of the river is Charlie himself.
His twitter post from 40 minutes ago puts a dam across that river.

For those of you that are upset that I posted something positive about a "competitor", all I can say is too bad.
There's room for more than 1 coin. I call it as I see it. If you have been following me for a bit, you've seen that
I also like Monero & Decred. Now, back to Litecoin!

https://mobile.twitter.com/SatoshiLite/status/968977291748417536

Charlie is not moving or leaving Litecoin in favor of NANO, he made countless effort to build his own cryptocurrency some years ago and it is stupid to leave what you own, but i think he is willing to give support to NANO project or try to merge this 2 technologies to make more innovative.

He is just showing a good spotmantship with his competitors,he is not like Roger Ver who are disrespectful to his competitors.Charlie Lee is a visionary and he knows how to handle things,a good technology will always be welcome to people like Charlie Lee,he doesnt mind if that coin is a competitor or not,the technology of the coin would be the reason why he shows support to it.

Charlie is very postive about NANO and thinks the technology behind it is very good. It does not mean he is moving from litecoin to nano.

Maybe he will learn something new and add it to litecoin.

I am sorry for my bad, by the way who is charlie Lee? Is he important guy in crypto?
If so, yes i am sure that the altcoin which he support will go to the moon. Maybe nano too.

I really admired Charlie Lee.He was one of the most influence person in Crypto world.I have 30% of my portfolio in LTC and i have more than 80+ coins/token including nano.

Charlie Lee is big pumper and scammer.
Not only him and every other crypto CEO/Creator/miner all(90%) scammers.
When he sold,LTC it was really brave and good decision.
Now admitting that he is holding Nano which is phishy.
If Google founder Larry page sales ALL his shares and buys yahoo shares.Commenting as "Yahoo has good technology and we need more than one search engine".
we were in bear market and BTC doing correction and other ALTs are going down including Monero,Dash,LTC,ripple or other or your fav alts.
Nano was pumping after massive 12% coin stolen.It was not proved as secure technology and it was not even more than year project.how is it pumping from almost $5-$6 to nearly $20 in week which is 400% with huge volume.

People like charlie Lee and Binance are making huge profits.

Crypto           = Drugs
CEO/Creators = Drug owners/Manufactures
Exchanges     = Drug Dealers
Miners           = Drug Transporters
Public            = Public

you tell me,Who is making more money with public.

I am                          = one in Public
What am i doing here  = believed in revolutionary technology Block-chain
Why am i still here      = just to make purely money like others.Here every one is so greedy and easy rich scheme by stealing money from
                                    others.

Even Litecoin and BCash still suffers from scalability issues into the long term. Their strategy simply delays it; but their outdated architecture will never scale infinitely (limited only by internet bandwidth) like Nano could.

Also I really don't like how mining (that do not do any useful work, besides inefficient blockgeneration/validating and generating all that"waste heat") is so environmentally unsustainable too. Not something that I can support in the long-term.

Er, I don't think NANO is a competitor to Litecoin, no more than Litecoin is a competitor to Bitcoin. If transaction speed and fees are what makes coins compete with each other, than they're all competitors in one big race, with the winner already being all the zero confirmation, zero fee coins.

Interesting move from one of my favorite developers though. Nano ready for a return to old ath?

I don't know why you are making mountain out of anthill here, what do you expect him to say, since he aknowledge the project is good he can't just be saying bad things about the project, alot of projects too have receprocate gestures like this to Litecoin and tat does not mean they are moving to Litecoin and vice versa

When all regulators will come after these so called crypto creator/CEO/Inventors.
News will be flashing all over again and again.
How they have involved in worlds biggest scam.

I think that this topic is just one purpose is to pump up the price of nano very high. 5 months ago. nano is only $ 0.1

Charlie Lee isnt moving anywhere, take the FUD and go buy yourself some LTC at these great prices, you wont regret!

Yeah, probably he will sell it too at all-time high, with some bullshit reasoning like "avoiding conflict of interest". I don't see future for Litecoin. So, I would have done the same probably. But not citing some bullshit reason.

I read some news saying Charlie Lee sold all his litecoin and promised to stay with the project regardless, so not sure if this is true... and him investing in another project is a smart move as you simply cant rely on one basket to turn into gold.

Hope others learn from this and diversify their investments.

I do not think that this will happen, and I think that you are making hasty conclusions. How can he move from a project that he himself created, do you think this is normal?

Charlie Lee is interested in NANO, because really the technology is promising, perhaps Charlie's invested money in this project. The Nano project is a good investment in the long term.

This is unexpected! I was under the assumption Charlie sold his litecoin shares so he could concentrate on litecoin without any biases

He is not changing LTC for NANO, but his comments on Reddit are a huge signal to hodl NANO.

Maybe he just bought some nano, it's not a moving from litecoin to nano, crypto world have a lot of real/fake news and FUD, so I only trust myself and I'm. Never regret my investment

This reeks of manipulation. I don't really like how Charlie is dealing with things like this.
Also with tweeting how he sold his stack a few months ago.

Frankly speaking, I don’t see anything wrong with Charlie investing in another coin. He is a crypto lover and showing support for another coin. Many listed companies’ CEO invested in other companies’ stocks as well.

Wherever you may be FUD, Litecoin is still creating its own identity and characteristics. If not, it will not be there if it loses its long-term stability. It is a coin worth investing.

The reason why the crypto market is so volatile is because people embelish in extremes.

A high profile person like Charlie Lee buys some Nano and people are like, "OMG!!!! He's leaving ltc, ltc will dieeeeeee!"

If you start thinking more grounded in reality, than it's not so alarming.
Can't there be many viable coins out there?

Do we really want just one place to shop for our groceries? Only walmart and nothing else?
Diversity and competition is good.
Despite how people act, here is something that will blow your mind: You can have ltc and nano and they can BOTH be successful.

Wow! What a strange world!

...but, yeah, nano is going through a nice little bump in price now.

I checked it and it's true. He really supports good crypto coins. The thing is he seems very honest and doesn't care much about what you say to him. Having him believe in NANO makes me more optimistic about it. Might get some NANO later on.

This for NANO community is undoubtedly a good news, but those who bought Litecoin feel uncomfortable, because the founder of Litecoin support another competitor, and in some time ago to sell all the Litecoin. Laugh out loud. ;D

What part of his posts it says he will move to NANO? he just expressed his support to his litecoin's competitor and it shows a good sportmanship.He is no roger ver he is different from that greedy man who are destroying his competitor's reputation charliee is a good man that why he knows how to express his gratitude to the technology of NANO.

Seems a bit fake since LTC is his baby and litepay is just around the corner.

charlie is like any other twitter influncers , they are investors once they retweet about a coin , you should know that they already invested in that coin and try to pump it to gain money . ::)

I like what I see so far. Nano dev team with their heads screwed on straight. Good visions of doing transfer of value only and doing it right.

Still not sure how it can achieve it without tradeoffs. But so far, I don't see any glaring holes in the approach.

If nano has grown this much, and only JUST NOW got noticed by one of the most notorious devs in all of crypto, you can be sure the growth we've seen in nano thus far is 10%, (if that), of the growth we'll see over the next few months. Nano hasn't even gotten started yet.

Do not fortget that Nano is so light weight that desktop wallet is actually full node. With pruning and universal blocks it will be way-way more light weight that it already is.

Nano seems to skip Econ 101 and goes for Econ 2.0, where people act to support something without explicit monetary reward - see wikipedia, TOR, torrents and many other examples.

Wow. This is, of course, a very sudden event that can raise the price of the Nano project, although the price has probably risen very much. Today, a lot of projects depend on such news. Let's see how the events will develop.

He is just showing some good sportmanship with his rivals,he isnt like roger ver whos doing a lot of crazy things to destroys his competitor's reputation.Charlie is better than that,a great competition with his team will trigger them to work harder to develop and find new ways to improve his litecoins that is why i really love this man because he isnt a dickhead.

He doesnt mention that he will move to NANO from LTC,he just want to support NANO because it has good technology like what LTC has,expressing gratitude to the competitors only shows how good he is because he doesnt care about competitions,he cares about the technology behind the project and it is good to have a founder like him,very professional.

Showing support to the competitor doesnt mean that he will move from his team to NANO's team,he just want to express graditude becaue he was impressed by the technology behind the NANO,and he really just showing how good man he is because he doesnt care about competitions,he cares about the good technology behind the coin that is why he supports NANO.

While this is a good sign for NANO, don't hope that he joins your team he just likes the project. One can like a project and not end up shilling or getting paid by them, those humans do exist too.

Satoshi Lite or Charlie Lee is a genius he knows what technology may rise or not! He always focus on transaction speed and cheap fee, We all know it's a competitor of his coin-Litecoin, He isn't bias on other altcoins but due to the demand community of Nano this coin will be huge!

He just expressed his gratitude to the people behind NANO because it has good technology like LTC's and it doesnt mean that he will abandon litecoin and will move to NANO.He shows a very professional way of appreciation because it is unusually to founders that praises his competitors but that is only shows how good he is,very professional unlike roger ver.

Another surprising news !  :o
I think this will attract attention of litecoin holders and some other investors to look towards NANO.
but no hard feelings everyone, maybe this guy still supporting his own coin

He isnt moving he just commended the NANO for having a good technology,it doesnt mean that he will abandon LTC and will join NANO instead.He shows a  very professional manner of appreciation he isnt like other founders there that will destroy other's reputation because they are his competitors,for charlie lee competition would be on technology and nothing more.

Not moving,he shows respect and commendation to NANO's technology and it doesnt mean that he will turn his back to his team and will join the NANO team.He shows good sportmanship and professionalism unlike those other guys who are destroying other's reputation because of the competition in the market,he isnt like roger ver whos willing to do anything to beat others.

LOL @ the tweets right after Charlie's one on Nano, scammers impersonating him getting people duped into sending ETH. wtf? How is this even possible. Uncanny how can there be so many scams on twitter...

https://twitter.com/SatoshiLite/status/968931625001140224

Scammers not in twitter only. But how can to send own ETH on some address if anybody offers double your funds? It's must be foolish to do so. But they do exist  ::)

litecoin is his baby, i dont think he will abandon it

but if he really sees future for nano and a possible threath

as a hedging he can have some nano

as far as i know he has a strong control on ltc, then why to leave such an income

Charlie never cease to amaze me, first he sells all his holding (right before the big dip of January), then he starts looking around nano project, as suggested by a friend. I don't personally like Charlie, but he knows his thing, and the fact that Colin Le Mahieu answered all his question is good publicity. Nano deserves the success it's having, it's what cryptocurrency are meant to be: a fast and secure mean of payment.

He didnt say that he will be moving to NANO's team,he just express some commendation about the NANO's technology and it doesnt mean that he will turn his back to his own team which is the LTC.I dont really think that he will abandon his current team because NANO has better structure and technology,he shows really sportmanship to what he did,really a great man.

He wont move,and he didnt say he will be moving from LTC to NANO,he just commended the NANO's technology and nothing more.He is a good man why would he move and abandon his team?stop speculating wrong ,you need to understand what he means he bought some NANO because he really saw some potentials with that coin.

You really have to read behind the lines whenever Charlie writes something. When he said he sold his coins to prevent a conflict of interest, that was the perfect time to sell.

This is the good side of him which he doesnt really fight or do make bias argumentation towards to its creation if he do sees which is more better compared to it.If he decide to move to NANO then it does signifies that this thing do have the potential to develop and rise up in the future.Not only just to its price but also on the adoptation because even myself do love NANO's feature.

Okay NANO supporters did created a big article for his twitter post about nano.


And the bold part made them decide that he "MOVED" from LTC -> NANO. LOL!

You are right mate. Well pumpers are taking advantage of his tweet after the recent NANO hack.

I think that it is normal, because he is for a long time in the cryptoworld. He can also have interest in different coins.

Nano is already reaching the goals in the value. Is it pumped or the hype has caused the big demand is unclear to me but right now the NANO is the very good investment. Charlie won't abandon Litecoin for sure but he will make a little trip to the other side of the crypto world to double his portfolio and profit.

The rise in the value is maybe also happening because of the Charlies public decision which influenced the NANO growth directly. Anyway, investment into NANO will be followed by many other investors, including me.

Really exciting times, now I can see why NANO has been having a pretty good time since the break out. I am actually must have been one lucky chap to have held some of it in binance. It is a good project and I have been hearing so much about it recently. It is good Charlie Lee really showed his respect for the coin as well as support, and I really would not have thought of that considering how the market has been placing NANO and LTC comparison.

Lol. Probably he is considering going all in on NANO now since he obviously already moved out of LTC completely. NANO recently have started some huge bull run and I am not surprised since the market generally is one that can easily be moved by news, and I am sure the Charlie's tweet must have had some impact of some sort. Good thing for the NANO community and the holders.

Nano did exceptionally well in this first quarter of 2018 and it is cheapest payment processor with less fee and lot of mass acceptance is expected in coming months to industry sources NANO will make a mark in crypto space but nt in competition to Litecoin

I'm also believing in DAG Coins as the future while nano is doing only a few things that ethereum is capable of it does these things exceptionally right.

hes the most fucker of crypto game

Most especially since he already stepped out of all his positions from LTC some while back according to his post on reddit. It is not a bad thing looking for some other good project to invest in so as to show some support and to also be a part of something good anyway. Nano recently has been moving pretty fast in the market despite all, and that is pretty good for the holders.

It means nothing, the fact that he likes the idea behind a specific coin and he is showing his support does not make LTC or BTC discarded. Sure, for someone of his caliber, that should mean something good for the NANO community as I am sure traders by now should be having a huge close look on the coin and seeing how they can tap from it, long term wise.

Wow! he liked NANO so i will get in NANO soon.
Charlie is transparent and loves all the community but this is really interesting that he owns some NANO.