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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1464547 times)
Nadika
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December 20, 2017, 07:13:35 PM
 #4901


Litecoin Founder Charlie Lee Sells All Of His LTC


"Don't worry. I'm not quitting Litecoin," he said. "I will still spend all my time working on Litecoin. When Litecoin succeeds, I will still be rewarded in lots of different ways, just not directly via ownership of coins."




it's not bad what he said i believe . now man with the freedom
he will make us richer . hold hold hold
1664040537
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nthnode404
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December 20, 2017, 07:17:14 PM
 #4902

The transparency by Charlie Lee is good to hear. He should be rewarded since his work went up in price. Litecoin could very well rival Bitcoin in the future. I hope the price will drop so I can buy more.

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Glasier
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December 20, 2017, 08:09:41 PM
 #4903

BCH is growing a lot someone knows why?
BTC seems like tired and LTC following...

Still holding anyway

BCH is growing a lot because Ver pumpin him.
cokroalif
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December 20, 2017, 08:18:51 PM
 #4904

very unfortunate he had to sell it all means in the near future progress litecoin how  Undecided
jvper
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December 20, 2017, 08:22:01 PM
 #4905

BCH is growing a lot someone knows why?
BTC seems like tired and LTC following...

Still holding anyway

BCH is growing a lot because Ver pumpin him.

While Charlie Lee sells his Litecoin, Roger Ver buys tons of Bitcoin Cash. I'm afraid it doesn't sound cool for major investors. This "transparency" talk is bulls***. I don't buy that and I guess nearly nobody does.
prometheus_project
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December 20, 2017, 08:33:44 PM
 #4906

so i read charlie lee sold all his ltc. R.I.P fellas

"he promises not to abandon the network." i don't think so ^^
kompi
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December 20, 2017, 08:46:49 PM
 #4907

Let'see...i'm curious: LTC can easily survive with its technology, don't need a dev like others coins.
From the other side, don't really like and understand Lee's attitude
Nuvie
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Pls ignore Warning. Cyberbullying in progress.Sad.


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December 20, 2017, 09:18:27 PM
 #4908

My litecoin transaction from binance is taking hours to complete. anyone here know why? i'm  puzzled...   Sad

"It is not that fear that grips him...only a heightened sense of things."
vitocorp
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December 20, 2017, 09:44:21 PM
 #4909

"The creator of litecoin has sold off all his holdings in the cryptocurrency, citing a perceived conflict of interest.
Writing in a Reddit post this morning, developer Charlie Lee explained he no longer wants to fend off allegations his remarks about litecoin's price are being done for his personal enrichment, and that he saw the sale as the best way to ensure transparency over his actions."

Seen at: https://www.coindesk.com/litecoin-creator-sells-off-holdings-citing-conflict-interest/
EMS-007
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December 20, 2017, 10:29:46 PM
 #4910

"The creator of litecoin has sold off all his holdings in the cryptocurrency, citing a perceived conflict of interest.
Writing in a Reddit post this morning, developer Charlie Lee explained he no longer wants to fend off allegations his remarks about litecoin's price are being done for his personal enrichment, and that he saw the sale as the best way to ensure transparency over his actions."

Seen at: https://www.coindesk.com/litecoin-creator-sells-off-holdings-citing-conflict-interest/

This will surely bring a huge impact of the current price of the Litecoin network and i'm expecting a price drop afterwards! Cool
JetSet11
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December 20, 2017, 11:17:57 PM
 #4911

Charlie Lee "sold all his litecoin" to "prove" he has no conflict of interest promoting Litecoin.

No Charlie, that's not what that would prove!  Smiley

It proves that you are spineless. A disgusting fish faced gook who stands for nothing! Congratulations!

Somehow dumping Litecoin at the top is supposed to be applauded by your nimwit cult?

Hi, I'm Charlie Lee inventor of Litecoin. It is an amazing system for sending value, it has massive room to grow, you should buy it now that its moved from $2 to $300! Oh you want me to show you how it works? Sorry, I don't own any.

Fuck You!


C'mon dude...chill out with that racism. It's a coin that you can still sell near an all time high if you hate him so much.

rodmanqs
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December 20, 2017, 11:33:02 PM
 #4912

Early Thursday morning, Lee announced on Reddit that he had sold his entire LTC balance and donated the proceeds to further the development of the cryptocurrency that he originally created in 2011 and now develops full-time.

He did this, he said, not because he no longer believed in litecoin or because he believed the price was in a bubble but rather because he exerted so much influence within the community and had the ability to move the markets through his public comments on Twitter and other public platforms.  Huh

mrelich
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December 21, 2017, 12:43:45 AM
 #4913

Litecoin is still at high levels, it will go further up. Such an announcement cannot kill it. There is a big need for a crypto currency that could be used for payments and that is available on most exchanges - which is Litecoin and nothing else so far.
404Revolution
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December 21, 2017, 04:21:18 AM
 #4914

Charlie Lee "sold all his litecoin" to "prove" he has no conflict of interest promoting Litecoin.

No Charlie, that's not what that would prove!  Smiley

It proves that you are spineless. A disgusting fish faced gook who stands for nothing! Congratulations!

Somehow dumping Litecoin at the top is supposed to be applauded by your nimwit cult?

Hi, I'm Charlie Lee inventor of Litecoin. It is an amazing system for sending value, it has massive room to grow, you should buy it now that its moved from $2 to $300! Oh you want me to show you how it works? Sorry, I don't own any.

Fuck You!


C'mon dude...chill out with that racism. It's a coin that you can still sell near an all time high if you hate him so much.
Anybody "investigating coinbase" might do well to look at the ex-director of engineering, Charlie Lee, who left literally the same week coinbase customer's Bitcoin Cash were withheld after fork. Any issues with the exchanges gdax and coinbase are in direct connection to this man.

Originally they floated that they may NEVER credit Bitcoin Cash to their customers claiming they abandoned their rights to it by not withdrawing before the fork! To even suggest such a thing should be reason enough to never use coinbase but they advertise too aggressively so they grow regardless. Withholding the asset for 4 & 1/2 months isn't any redemption in my mind.

Charlie's CNBC interviews were weak.


XCNP
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December 21, 2017, 09:33:06 AM
 #4915

Awesome statement came from Charlie Lee which shows he has big plans for coming months. He himself said next year is going to be of Litecoin. This in itself is big hint that he surely has few things close to his chest and not showing his all cards yet. I will stay with eyes on opportunities to get cheap whenever will be possible.
hownowbrowncow
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December 21, 2017, 09:36:49 AM
 #4916

Glad to see he is going to spend his time focusing on improving the coin, instead of dealing with twitter drama noobs wondering "when moon" or "why price down". LTC is a currency like other currencies, it goes up and down.
coffee44
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December 21, 2017, 09:58:16 AM
 #4917

There could be more to this than meets the eye , this could very well be a smart move by Mr lee which takes litecoin forward , very interesting development indeed .
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December 21, 2017, 10:01:42 AM
 #4918

Wow, this good. I have waiting for this day to come. Here it is. Am gonna give it a shot right away.Elated and high
Mika141
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December 21, 2017, 10:20:58 AM
 #4919

There could be more to this than meets the eye , this could very well be a smart move by Mr lee which takes litecoin forward , very interesting development indeed .


I agree!
Ltc is going big.
kobo_eth
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December 21, 2017, 11:22:00 AM
 #4920

The deeper the correction the stronger the charge when its over. Right now TA is useless, as BTC is in control of what LTC is doing. It seems that we've locked in to it and tried to break out yesterday but the BCash thing completely ruined the party.
Charlie Lee selling his stack is not bullish, but it's not as bearish as people think. He's an interesting dude and tries sometimes too hard to be clear and transparent (with good intentions of course), which sometimes fails him as it is seen by the general public as a bad sign or bad PR.
Ultimately, once Bcash trading goes live on GDAX and the storms settle down, we'll see actual movement and return to normal for LTC. I still see us in the $320+ area as Charlie selling his coins is not the main reason for this downside.
The current downside completely mirrors what BTC is doing, which is panicking ahead of Bcash trading.

I totally agree, been watching yesterday gdax for half a day, LTC and partially ETH mirror BTC movement candles, which mostly went down thanks to bitcoin cash. But it will only last a few days, I think.

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