Charlie Lee sold off his LTC. Interesting

[coin163]

How would that impact price and confidence of Litecoins?

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?

[Ni-in]

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.

[bazar111]

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.

[patt0]

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.

[kandholabhavna]

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.

[Tstar]

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.

[Hariz]

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.

[EastSound]

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

[Javanewstar]

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.

[generalizethis]

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.

"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.

[APICEMTECH]

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.

[psycodad]

How would that impact price and confidence of Litecoins?

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?

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

[YuginKadoya]

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.

"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.

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.

[Ric8]

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 ??

[ZaoXhou]

How would that impact price and confidence of Litecoins?

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?

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

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. 

[sirkings0003]

How would that impact price and confidence of Litecoins?

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?

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.

[MISS_nSTASSY]

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
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

[CheatingCoins]

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.

[Sevaev]

How would that impact price and confidence of Litecoins?

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?

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.

[cryqtovn83]

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