Bitcoin Forum

How would that impact price and confidence of Litecoins?
https://i.imgur.com/vZegY6T.jpg
It’s quite strange. People saying he thinks it’ll fall so he’s out to not lose cash.
But as Charlie said in his post he's selling so that he's more able to support LTC.
I still believe in him and keep support by LTC and you?

Charlie Lee was bousting LTC just weeks ago, with the upcoming Litecoinevents, thanks for sharing was thinking about buying some Litecoin, but in the scheme of things, i'm guessing Bitcoin Cash or coins that that have more features.

Charlie Lee says that he sold out all his litecoins , but certainly he just wants to dump price , and buy them more cheaper ! Donnot listen to Charlie , he is manipulates to you.

Those are interesting news, and I was not aware of it. Since he talked about Coinbase listing bcash, I guess those are pretty recent news. I have no problems with his actions, and I think they are well justified. He is now completely impartial, and free to develop litecoin as he has been doing during all these years. I can't blame him, and it was a good decision in my opinion. I hold a few litecoins, and I will continue doing so because my trust in the project was not affected at all.

Its just that he understands market cycle and has taken profits when he thought the price was right for him. In no way I think he will abandon the project. His holdings were his personal and he is free to do what ever he wants with them.

I believe that LTC has outgrown the importance of just one person.
He's a free person and can do whatever he wants. But LTC is stable anyway. I'm now using mostly LTC in my transactions due BTC ridiculous fees.

Poor guy - he already faced a heavy backlash on reddit after he posted this.
I guess people don't want to believe anything he says or does anyway.

It wont affect because certainly there are already new tons of whales holding the coin and would buy Charlies ltc

Charlie Lee sold LTC, which was clearly a negative signal for the market, which could lead to a sharp decline in LTC, and perhaps he felt the price of LTC was too high.

"Poor guy?" If a CEO pumped a stock price and then dumped everything at an ATH, he'd likely be under investigation for price manipulation.

Vitalik Buterin who founded etherium had sold his Eth stack long time ago. It did no mean that the development around etherium stopped. Its Lee's personal choice. I am not bothered because of this.

That move certainly makes coblee one of the more if not most noble and honourable minds in the crypto screne of today.

Yup! And Because he is a well-known person on Litecoin many would thing that it is a manipulation kind of thing and posting something like that would sure get so much attention or other people would go and sell their LTC because of a sudden selling of LTC by Charlie right now the price of Litecoin would be $333.51 USD, And in my opinion he can do what ever he wants with he's litecoin but it is a kind of shock for other people and it is a feeling of kind of set up.

Wah.. all the best Charlie Lee.
some people will support you(Litecoin), and some people will don like you(Litecoin).
very interesting article. :)
I believe that Litecoin will have good future.
How you guys think about it ??

What a great dev, first he pumps then he dumps it all.
A move that would put him into legal trouble in the real world, is being applauded here in the cryptoworld.  ::)

For me, If he wants to support LTC he should buy more LTC. Selling off all his LTC has already contributed in its drop in value. I support the person that said, he did that to avoid an imminent negative trend of LTC.

You know, every charlie's tweet about the price has a great response on the market, no matter of which currency he is talking about - ltc or another ;D
Maybe the price will go down soon. And I dont know - sell now or not. The only thing I know - is that I will support litecoin. It just would be pleasant to buy more ltc at the same btc amount :D

With the influence that he has I do think that he is either doing a favor to some of whales to buy in or just stressing out the market to see how it goes. ;)

Either way he can do it and let's see the outcome.

I think this is a sign to the fall of litecoin, I'm waiting for the fall, because I want to buy litecoin cheaper, it's a good coin and it needs to be kept, at the current rate I can not yet take.

We can't know about his words trust or liar. But litecoin always is the Queen behind BTC and ETH in the last long.
People still trust LTC even Lee something speak shock things than support Litecoin.
Now he dump all his Litecoin for cash to enjoy his loyal life. That's awesome if he can do as he told that all focus to develop Litecoin. Only time can answer for this.
Let's wait and see

I think Litecoin has a good future, it's always easier to make any changes and implementations in Litecoins than Bitcoin, for example, it can still evolve a lot and go a long way.

Actually, I do not believe in this Chinese guy.
I wonder why there is BTC, they still want to create LTC, BCH... Just because they want to get more money (more coins, more money)
Many many coins with similar features.
They said that it has low fee.. but think about its fee when its price grow up like bitcoin does.

I think it is true since I know Lee is a reliable person, also I think there is no need to lie to the public for a big whale like Lee, he do not need to do that and he had a lot of money now.

I am just hearing this though, but I believe those are his own choice as an investor and if he feels that is right for him, I really do not think anyone should bash him because of that. Although, it sound strange for the boss of a coin to come out to state something like that, but who knows? His reasons may be genuine or not. At least, it is better than someone that is trying to just stylishly manipulate his own coin by pumping it and I really want to see where that gets him and his coin.

First that guy from bitcoin.com decided to sell now Charlie Lee, I think it's not a bad idea to sell some of your profits right now. We have seen coins increase 5x 10x 20x from November till now. I myself have cashed a bit yesterday and I will continue to cash out over the next days. Fiat might be safer to hold short term than altcoins.

I think charlie selling all his LTC due to trying to show world he isnt up to pumping his own coin is bullshit
That would be like steve jobs saying he selling all his stocks to prove hes up to nothing weird
personally i think theres more to it, i highily doubt hes doing it for everyone elses best interest

To be honest, his reasoning doesn't make any sense to me.

Him owning LTC means he will always be vastly interested in making LTC grow. I just don't get it, sounds stupid.

RELAX - probably sold them to his brother mum sister uncle.

He is simply saying now he can say what the fuck he wants when he wants without being called a pumper, scammer , insider, bla bla bla

Come on guys learn how the game is played here.

Smart move and annoncement

I don't think he has sold all his LTC. It's a nice writing, but no.
It's like telling "I have 10bln USD myself, but I will go to work every morning because I love my job". No.
I can believe that he's now rich enough he does it now as a hobby. Would you sell all your collectibles because if you talk about them you influence their price? Would you throw away the chance that you and your future 10 generations would not have to work? Hmm, I don't think so.

Maybe I am greedy, or greedier than most if I think like this. Or maybe I'm just pragmatic.

Politically his gesture is fantastic. Yes! Great! But pragmatically I don't believe him.

Maybe he have sold some LTC believing he will buy back on profit, or just sold some because - as he said - the price is a bit too high and there's a good chance for correction. Fine. But this is different from selling all for some great reason.

Reverse psychology?
There must be a big reason behind it.
It is not easy to just give up on something you have worked to make it larger just like that.
What if this is some kind of strategy. Good thing is he's transparent about it. Not like whales from bitcoin who will just keep on selling without even telling and then buying back when the price is low. Milking the crypto industry without thinking what will happen.

Hes father have more for sell.
https://i.4cdn.org/biz/1513785467745.jpg

I think this news got really misconstrued in the news. He actually did it to make him not look suspicious of beefing up his own coin. I think its a good sign actually and hope people dont end up selling because of this. At least he is still active and actively showing that he sold off not all do it and hope no one sees

He walked away from Litecoin development several years ago.

I think he disclosed his sell because he reasoned it would be best if the news came from him, rather than leaked out later.

HMMM interesting for sure.
i think he shouldnt have sold. so what if it was a conflict of interest hodling LTC,
its crypto, its decentralised, its different, the rules are different to FIAT etc.
He is still going to have people thinking negatively about his move to sell so it doesnt solve the division in opinion anyway.
I still believe in LTC though and its bigger than just 1 person.  ;D

This is interesting. Personally, if he thought litecoin was going to keep growing, he would avoid give up the tweeting. Seem like his bet is a correction or LTC falling.

He could have just dump LTC and be silent about it, but he went out in the open and said that publicly, so i do not have any concerns about LTC. If he dumped and stayed silent about it, that would be concerning

Yes, maybe they want us to give them their coins and the price will again go to the top.

charlie lee, a good manipulator

He sold and bought bitcoin cash. Hehehe. Okay seriously though, i don't know the conflict of interest he is talking about. Can we prove he really sold? I hope he doesn't end up broke like Andreas. The fact is his claims can't be proven

perhaps there is a lot of interesting and even funny in this matter, but I would like to draw attention to the fact that virtually every user of crypto currency has no legal protection.

He might be sincere with his action but feel he should have just keep quite with his decision, I don't know how this is going to impact the price but it is not a good thing, is just like a CEO selling all his shares in a company

Of course this is the manipulation of public opinion. And on the stock exchange - it would be an investigation and an arrest. Public people should not say such things. His name is associated with litecoin. Although, perhaps he just wanted to buy a villa and he did not have a couple of million bucks. That's why he sold litecoin. But this does not sound right.

He is just final fixed his giant profit because lite is useless coin. And that is just commercial move which he did out as ideological shift

I also think about this, how can you confirm that he really sold everything ?? I also think that the submission of this information is not spontaneous. Opinions of course divided - but it's normal.

I think the price of litecoin should be adjusted after the news. you expect a correction? To what levels? thank you for your opinion.

Whatever the reason that he may have internally, I'll only see it as a profit taking move where he secured a significant amount of cash while selling at the top. Don't get me wrong, this is a very understandable event that any of us would take if we have the amount of LTC in our wallets. Just checked the chart of LTC in the past few days and I think the selloff that he made did nothing to the market itself. It still sits in a very good price, well above the price when BTC had its huge bull run. I honestly don't think this will do any harm to LTC and its investors in a grand scale of things.  ;)

I wont be suprised if someday charlie lee will join the BCH team and join Roger Ver to his madness.

I just read his article today, and his statement makes sense, as he said that him having the Lite is a conflict of interest, as soon as he posts something good for Litecoin its price goes up and vice versa, and apparently people have accused him for rigging the price. I think he showed to be a sincere millionaire if not billionaire man

According to that, his ltc holdings were not important much, it might be true or not, though I don't need to believe him, but litecoin is better than most in top 20

This news of me, personally discouraged. Such a loud statement from Lee. Sold all LTC. What is it? He was well aware that the price of the coin would begin a very rapid fall. Conclusion. He did it on purpose. This is a very not fair game. I treated him very well as a person. Now I'm disappointed.

He got back to Litecoin after he left Coinbase.
And the sell nor the reasoning still makes no sense, do you ever trade a coin you trust fully (100%)to another one?
Never did this, and I did thousand's of trades.

I know that Charlie Lee is a founder of Litecoin and he has also participated in several major crypto projects in the world. If Charlie Lee sells his Litecoin, I think his goal might be to get the attention of the community right now to Litecoin, which could be a form of PR for his pennies. Because he is a manager who always does the things he plans.

Hmm... very confusing information, I don’t think it’s true, just one more candy to make LTC fall, and then repurchase tge coin in low price. My personal opinion...

I wonder how this will affect the price in the short/long term. I think the devs and people behind a coin should have some skin in the game though..

Well,for now it may cause a dip in the price for now since some people will read different meanings into the reason he sold but the price will surely recover once he will still strongly support the project.

It's an excellent marketing step

Charlie shows himself to be an honest man, who nevertheless struggles to popularize Lightcoin. Even after such news about him will be spoken, and this works for the benefit of Lightcoin.

And he does the right thing, warning people that you should not wait for tothemoon. Lightcoin can go flat or even bearish for a couple of years.

I believe that Lightcoin is a strong coin and has a bright future.

<3 Charlee Lee

Many exec etc own shares in their company it is viewed as a good thing having skin in the game.  Not sure why CL decided that holding LTC was a conflict for him, but for JB at Amazon or SJ, Apple back in the day it was no problem.   

Combine this with the fact he tweeted LTC can go to $20 and I don't think it helps at all.  Was he as outspoken when LTC was rising (relative to development and market use) back when he started cashing out, so he now no longer needs to worry?

  I don't remember him worrying and telling everyone it could crash to cents but maybe he did

well i think it's not a bad notice

https://www.reddit.com/r/litecoin/comments/7l1m7t/here_is_why_charlie_lee_selling_his_ltc_is_a_good/

interesting

I am not sure what will be the motivation to develop LTC By Charlie when there is no rewards for your work when he has totally out of LTC.

I've read this news also on my Telegram account few days ago so I looked some info about him lately. The only I could say is "it's a good thing that LTC market didn't crashed because of it thus it was a way for LTC's price to soar up in the past few days!"

How can you trust a dev who sold all his coins? This is so weird!

Why keep coins if the current price makes you multimillionaire? Keep the coins so you can become billionaire? That's just greedy in my opinion.
But to sell all, that's a bit..weird, half I would understand.

Yeah mate! That is what I was thinking. Why would a person sell his own coins. The coins which he created. Obviously there is something fishy about it.

I think so he said for speculation.
There is literally a litecoin in his possession, he must hold some coins. It's too ridiculous to do such a thing...

Nothing fishy or dodgy. It is just a move to avoid a conflict of interest (or a move to deceive the market). The litecoin foundation still have a big reserve, hence secure. Mr. Lee is smart enough and should have thought a lot before making this decision.

No problem with this news. I think he had a right decision. As you can see, whenever he post status about Litecoin on twitter, the people think he wanna pump price and get personal profit. So, when he sell out all his coins, he can focus on researching and developing Litecoin

I hope that you are right - I have waiting orders to buy @ 0.013 levels. But I guess I will need to wait longer than expected.

It is said he sold it so he is not personally involved with his tweets. But he surely made millions with LTC so...

he sold to bobbie so quit worrying their family still has a few ltc you can be sure

smart move

It's funny if you believe this. Where is the TX of his transactions and why should we believe in this lie? Nobody sells his own coins to support a foudation or something. This is a PR marketing created by that guy. That's all.

Who still believes coblee  ;D ;D

He is talking like this all your ltc is mine.

He didn't sell all his ltc ;)

I absolutely believe him. If you've been following Litecoin all these years, then you know one important thing Charlie Lee wants is for LTC to be as drama free as possible. Sure, he will never avoid it, and sure he is a multimillionaire now. But from here onwards, he can focus on Litecoin, continue to develop and build it without ever having to deal with the agony of price, whether he should sell or dump, etc.

Anyway, he can't win. Transparent about it and people still accuse him. This will pass, and the work will continue. Litecoin is his love and passion.

is this real annousment or just fake ?

Well, it is Charlie’s money and he can choose to do anything about it. I think he doesn’t care what people think, at least he is frank. Anyway, he make it clear that he is not leaving and will still support LTC.

It might be a manipulation of the market. I think that Mr. Lee is one of the most dedicated people in crypto world, and he is trying to make LTC as good as it can be. Or he has predicted that the bullish market will end for a while and sold his coin at (provosional) ATH.

Anyway, Mr. Lee can do whatever he can and no one can force him to do something he doesn't like. I trust him and I think he said the truth, but on the other hand: you never know.

JUST A TROLL Fallenzz TWAT

For him being there on day one and to see where ltc is now has to be a winning formula for him regardless if he sold time will tell how well ltc does. Hopefully he starts another project that will equal his success or better.

For me, this is unexpected news. I think he understood that it would be more promising to invest in bitcoin or maybe he is speculating at the cost of Litecoin. I hold a few coins and hope that they will grow.

Charlie lee is rumored to be joining BCash team a tandem with the greedy Roger Ver,seems like they knew what will happen few days ago,they know BTC will crash.

Every day it becomes more and more interesting. Do you think that this will be the case with the course of litecoin? Makes sense to buy it? Thank you for your opinion.

LOL source please

Are you really sure that he dumps his LTCs? he got millions of investment with his founded coin,why would do that? its just another marketing strategy setting the mind of the people to sell their LTCs and he will buy it back.

You know, when thing like this happens - most outstanding figures are selling their assets remaining silent. They dont tell about their decision, and when they need to dump - they do it on public. I understand that the thing can be true - and Charlie sold his ltc cause of his rejection to market, but it is necessary to remember that all words can be used in favor of the speaker
Maybe Lee is disappoindet that ltc didnt make x10 in December ;D

Never believe global crypto news. Big guys makes people do as they needed, using mass media. What I think, that Charlie said this, because he wants to buy LTC cheaper by himself. So his post on reddit just prompts people to sell LTCs.
This is just my opinion.

wow the rat leave the ship! what do you expect from a project that the main innovation is multiplication by 4.

charlie lee knows that his project is going anywhere.

Why would a founder do that? if you are in a big company and you are the founder,you cant sold your shares if you wanted to,there are person that you need to consult first,the president,co-founder etc. i dont think he sold all of his shares because if he do that the price of the LTC would drop exponentially that doesnt even happen.,clearly its only a marketing strategy.

People has own benefits. They act in that way. Sometimes they will manipulate the market, sometimes they even don't believe what they do but trying to make people believe that.

Surely one of the biggest news of December. I think he got rid of Litecoins from his portfolio so that he may not have incentive to influence the market. And then he can focus on the development and marketing part. It could be true, since he has already built a big name and moolah already. Although it does seem a bit strange for a coin developer to sell all his coins (barring some physical Litecoins) for the development of that coin. Either he made a big sacrifice or maybe he is anticipating a giant bear paw!!

It's not a marketing strategy, he is the founder and you can be pretty sure that he has a very large amount of bitcoins, he prefers the price to go up then to buy at a lower price.

I think that he entered a poiny where he can't afford to lose the amount of money he had and he decided to sell it off.
I think that it is a possible scenerio.

He could have just sold enough to set him self for life. He didn't have to sell all. Either way it doesn't matter why he sold cause in the end he sold everything.

Charlie is a smart guy and this behavior shows us that LTC is totally decentralized project and Charlie is not gainin profit cause of LTC
I support Charli and LTC

I'm alright with it.
He has chosen to continue to support the coin and that is more than most do after all these years.

Oh and by the way.. Butters has admitted to dumping ETH coins too.

Well for a person that people accused of pumping his own cryptocurrency this is a good move to avoid being accussed but all of this statements are full of lies if he didn't provide any proof the he really sold every single Litecoins he holds. Any creators of cryptocurrency can make a statement like Charlie did but it can't remove the doubts on people's mind that he still hold a huge amount of that coin, it is very easy to hold a decentralized coin without others knowing it. And I don't think that Charlie Lee will do this just for the success of Litecoin without benefiting him, I'm sure that there is a hidden agenda behind it.

You can trust him, in my mind he shows that he doesn't care about the price all he cares is his deducation to developing and making crypto better for all of us. I think that he truly shows what he is after. what are his goals and his motivation. Since he is public figure in crypto world if he makes some mistake even small one while talking about the price of any crypto he can influence its price. It is whats happening, since cryptos are at stage where they are mostly seen as speculation rather than real currency some people with big followers can influence the price moments and certainly this Charliedoesn't want.

By selling his coins he says I don't want to be part of manipulating the price etc. I am sure that he can get nice donations, from me but as well as from other people if needed in the future.


Exactly, he says I don't wanna be part of that, he gets true respect from me.

The owner just made millions out of the coin and he just cashed out at the right time,i am not sure how he is able to support the coin more by selling off his creation  ;D what if satoshi comes back and sells all of his bitcoins and claiming the same,the price would crash heavily ,i do expect him to come back any time and start moving his coins too which would create a huge panic,i am not sure how much coins Charlie was holding in litecoin,but everyone knows how much coin satoshi was holding in his known addresses.

there was no value. now it is millions of dollars. the man was rich, of course he sells his coins :)
but the price is still high  ???

So he isnt the president of LTC anymore?in companies if you sold all of your shares you are being replaced by the person who holds the most of the shares,stupid trick from a greedy person.

Is LTC private company? Or does the token represent any shares? Better be carefull when commenting on these kind of stuff.

It’s again his strategy to dump coin to low value and again buy from bottom . Still I remember after Charlie Lee joined ltc leaving coinbasevthen after ltc start it’s  growth to 300 $ after  being stable for couple of years .

I really hope whale could stop this kind of public everytime they sell or buy any coin.