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Author Topic: Litecoin founder Charlie Lee sells his holdings in the cryptocurrency  (Read 212 times)
Oumal
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December 21, 2017, 10:32:28 AM
 #21

This act would seriously influence on the market. What if he knows some insights about the grand correction which will take place tomorrow/next week/next month?

Correction will always be, the weak hands will release its currency, the rest will go on
Look at the overall trend
Intraday trading is risky, you can lose a lot



TTITA
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December 21, 2017, 10:36:04 AM
Last edit: December 22, 2017, 10:24:27 AM by TTITA
 #22

So much of the FUD news that has changed the price of Altcoin is getting worse, I still don't believe this is true or not. If this was happen then Charlie Lee's step is an unreasonable decision.

Its only a marketing strategy he wants you to sell our LTCs so he can buy it back with cheaper price,i heard some rumors that he will join Roger ver's team i hope he wont do that BCash is manipulated.
Since Roger Ver's wgroup has been shake BCH for a moment the pump it again. Seems now crypto has been separate into grouping manipulation.
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December 21, 2017, 10:41:54 AM
 #23

Very surprising news .. and unexpected. Apparently he is going to give a big part of it to the Litecoin Foundation.
If this news is true, I don't understand why he takes the risk to crash Litecoin in making the info public?
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December 21, 2017, 10:47:01 AM
 #24

This step from Charlie Shrem was quite strange. Why would he want to spread a negative news for his coin and dumping all at one go. But more strange was the fact that market didn't get much affected. Yesterday there was 20% decline but it is up again and hovering back again over 0.019 BTC where I expected a massive dump taking LTC to 0.01 at least. That is completely opposite to how market works. Even I wasn't able to make any sense of this news and what will be the future impact on LTC.
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December 21, 2017, 11:09:46 AM
 #25

Its only a marketing strategy he wants you to sell our LTCs so he can buy it back with cheaper price,i heard some rumors that he will join Roger ver's team i hope he wont do that BCash is manipulated.
Yes, that must be it. He wrote in his Twitter before that he believes ltc awaits a big correction and that he asks people not to buy it now unless they are okay if it goes down to $20. Perhaps he even truly believes in that, not just tries to manipulate the market. It's rational to sell on high prices, even if you created the coin. Everyone wants profit.
Moreover, as said in the article, Charlie ensures that the sold amount is very small in comparison with daily trading volume, so the market will not crash because of that. I think he's a good guy and he doesn't want people to lose money, so encourages them to sell now, since it would be profitable for lots of people now.

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December 21, 2017, 11:26:54 AM
 #26

Very surprising news .. and unexpected. Apparently he is going to give a big part of it to the Litecoin Foundation.
If this news is true, I don't understand why he takes the risk to crash Litecoin in making the info public?

it seems like he has already sold his coins a while ago and then released the information. and he seems to think that this action of his is not going to cause any kind of crash.

but it is very surprising, i agree. specially because it seems weird that he says he has sold all his coins! that may be alarming to some and they may also think about doing the same.

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Oumal
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December 21, 2017, 11:28:36 AM
 #27

This step from Charlie Shrem was quite strange. Why would he want to spread a negative news for his coin and dumping all at one go. But more strange was the fact that market didn't get much affected. Yesterday there was 20% decline but it is up again and hovering back again over 0.019 BTC where I expected a massive dump taking LTC to 0.01 at least. That is completely opposite to how market works. Even I wasn't able to make any sense of this news and what will be the future impact on LTC.

He just got tired and decided to rest. Has every right to do
Next year, he will gather his thoughts and return
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