Charlie Lee sold off his LTC. Interesting

[Silenox]

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.

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[easytipz]

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.

[juicejoyce]

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.

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.

[haroldtee]

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.

[ChinkyEyes]

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.

[bigdude]

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

[HardFireMiner]

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.

[cryptohunter]

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

[NeuroticFish]

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 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.

[danherbias07]

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.

[xbiv2]

Charlie Lee  sold off his LTC

Hes father have more for sell.

[RichardBTC]

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

[alyssa85]

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.

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.

[cynical]

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.  

[Learn.It]

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.

[Partizanai]

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

[clipman77]

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.

[bitorama]

charlie lee, a good manipulator

[BitcoinNosi]

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

[Wolfwar]

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.