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Author Topic: Charlie Lee sold off his LTC. Interesting  (Read 735 times)
Dyn@styN3rd
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December 20, 2017, 11:56:50 PM
 #61

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!"
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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December 21, 2017, 12:28:01 AM
 #62

How can you trust a dev who sold all his coins? This is so weird!
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December 21, 2017, 07:34:21 AM
 #63

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.
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December 21, 2017, 08:00:59 AM
 #64

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

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December 21, 2017, 08:34:33 AM
 #65

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...

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December 21, 2017, 08:38:01 AM
 #66

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

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.
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December 21, 2017, 09:00:36 AM
 #67

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

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December 21, 2017, 02:19:55 PM
 #68

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 Grin
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 Cheesy

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.

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December 21, 2017, 04:23:23 PM
 #69

It is said he sold it so he is not personally involved with his tweets. But he surely made millions with LTC so...
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December 21, 2017, 04:25:24 PM
 #70

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

smart move

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December 21, 2017, 04:27:08 PM
 #71

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?

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.
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December 21, 2017, 04:42:26 PM
 #72

Who still believes coblee  Grin Grin

He is talking like this all your ltc is mine.

He didn't sell all his ltc Wink
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December 21, 2017, 04:46:17 PM
 #73

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 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.

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December 21, 2017, 05:01:59 PM
 #74

is this real annousment or just fake ?
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December 21, 2017, 05:14:52 PM
 #75

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.
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December 21, 2017, 05:20:13 PM
 #76

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.

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December 21, 2017, 11:10:38 PM
 #77

Who still believes coblee  Grin Grin

He is talking like this all your ltc is mine.

He didn't sell all his ltc Wink

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December 21, 2017, 11:23:00 PM
 #78

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.

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December 22, 2017, 05:38:25 PM
 #79

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, 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.
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December 22, 2017, 05:53:52 PM
 #80

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.

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