Will Litecoin die?

[goodGuyGreg]

According to the internet ( http://mashable.com/2017/12/20/litecoin-charlie-lee-cryptocurrency/#4wvTq4wUvqqw ) the Litecoin creator sold all his assets of his own currency.

I think this might be a bad sign for the long term price development, what do you think?

[MoonIsBlue]

Not necessarily, I personally think Charlie made the right decision. I'd make use of the price dips to buy more but I personally don't hold LTC nor will I ever probably. I do use it occasionally for payments.

[illm0528]

This is not a news. I read it before.
Sounds like the price climbs up.
I do not own LTC now.

[ZainSpider]

Why will you think it will die for that news? It wont. Litecoin is a better project than dying for a single incident.

[anasso]

i don't think litecoin will die because it have a strong cummunity especially in china.

but if a big crash is comming like in 2014, litecoin will be in the worst case a pump and dump coin.

[Samboo]

Not soon. I feel they'll stay fine upto around 2050 and will die due to no one using it as modern coins with better technology and security replaces them.
We know it, Litecoin, Bitcoin as well as all that depends on mining will die.

[ceremonita]

Why do you keep openning the same threads about litecoin. One person, no matter who, can sell his all litecoin he has. This doesn't change anything about litecoin. Don't be dependent to persons in the coin world.

[otundebis]

Litecoin is decentralized cryptocurrency. The development in litecoin is still on going and I think the lead developer Lee sold his stake because of controversies! I do not think litecoin will die! As long as cryptocurrency is been adopted by new user each day, the litecoin user will keep growing.

[MikuMiku]

No, I dont think so. The creator sold out all Litecoin for reducing the influence of litecoin's price. You know, people sometimes might misunderstand him for manipulating the price of litecoin by his words. When he has no litecoin, he also has no suspicion.

[Ru1016]

people are reading too much into this.  he didn't sell his LTC because of "controversy" - he wrote a detailed explanation why he sold his positions and it doesn't seem like anything has changed in terms of his involvement with litecoin.  he still tweets about it constantly, talks about it on youtube and mainstream interviews, and his magical crypto friends podcast.  he just got sick of questions about price all the time and wanted to focus on the tech

[BoBBaumeister]

Litecoin never gonna die evben BitConnect is still here

[Timeclo]

Well, Satoshi disappeared from the Bitcoin space. Did Bitcoin die?

Charlie Lee's gradual stepping away from Litecoin is to make it more decentralized. He realizes that he has too much influence over Litecoin and he wants to change that. IMO, I think Charlie is doing a good thing for the LTC community. He'll still be around but not as a dominating figure.

[fred22]

No way it will die

[KingScorpio]

According to the internet ( http://mashable.com/2017/12/20/litecoin-charlie-lee-cryptocurrency/#4wvTq4wUvqqw ) the Litecoin creator sold all his assets of his own currency.

I think this might be a bad sign for the long term price development, what do you think?

jep that was the goal of litecoin in the beginning

lol

the last one that jumps of the ship looses the most thats how it works

[NorrisK]

According to the internet ( http://mashable.com/2017/12/20/litecoin-charlie-lee-cryptocurrency/#4wvTq4wUvqqw ) the Litecoin creator sold all his assets of his own currency.

I think this might be a bad sign for the long term price development, what do you think?

jep that was the goal of litecoin in the beginning

lol

the last one that jumps of the ship looses the most thats how it works

He just made sure that there will be no accusations of price manipulation in the future.

The way he did it was also very good imo.

[Necroface]

it s a good coin, no matter its creator talks empty words, he just scares of shoutings at him after pump dumps. but even its price will continue increasing. after bitcoin fees increased i started to transfer by litecoin. calm down!

[christian07]

No it's already have good price like btc but still you say it can gone because of the price now so for me don't base prediction in the price but in the development see ltc this year it's get so high more than all coins here and also good developer with good community so i say it can't happen,We can line up ltc in ripple and ethereum now because we see already the potentials of this three coins this year with good move in different way in developing.

[andohyeb]

Not at all. Litecoin made a lot of gains in the last quarter of 2017. I think the fact that the founder has sold his shares in it doesn't make the project will come to an end. Litecoins is the best altocoins besides Ethereum and ripple.

[GuiDonK]

Litecoin is a very good altcoin, but there are fake news that lower the price. Someone wrote that Charlie Lee, the former director of engineering at Coinbase, is selling almost all of his holdings in Litecoin (LTC), the cryptocurrency that he founded in 2011.

[poodle63]

According to the internet ( http://mashable.com/2017/12/20/litecoin-charlie-lee-cryptocurrency/#4wvTq4wUvqqw ) the Litecoin creator sold all his assets of his own currency.

I think this might be a bad sign for the long term price development, what do you think?

He was realizing about the fact that the litecoin will not have any future, there is a lot of bitcoin fork coins with better technology than litecoin itself, just like bitcoin god that used a pos system and bitcoin users be able to stake their bitcoin god to the network to gain passive income.