Breaking! Litecoin founder dumps entire holdings!

RiceEater · Dec 20, 2017

Litecoin founder Charlie Lee dumped his ENTIRE LTC holdings yesterday. What's that tell you? His lame excuse makes no sense

First BTC off almost 25% in the last few days, now this. Not looking good for the Cryptos

https://www.cnbc.com/2017/12/20/lit...sells-his-holdings-in-the-cryptocurrency.html

DrunkenHorseplayer · Dec 20, 2017

He could be hoping for a dive so he can get right back in at a much lower price.

RiceEater · Dec 20, 2017

Drunken Horseplayer said:
He could be hoping for a dive so he can get right back in at a much lower price.

You may very well be right, sir, however it may also be possible that as an industry pioneer he sees the coming train wreck and decided to dump his holdings to suckers dumb enough to buy it.

You decide

RenoChazz · Dec 20, 2017

As long as there is an internet there will be cryptos. It's a superior way to trade. Unless something happens and we all end up living caves trading in gold, cryptos are going no where.

Ricboff · Dec 20, 2017

Me Lee;[FONT=&quot]"I have always refrained from buying/selling LTC before or after my major tweets , but this is something only I know. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of litecoin and cryptocurrency in general."

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theDonger · Dec 20, 2017

If you read the article, he sold his stake in Litecoin to eliminate any perceived bias/manipulation of the Litecoin market.

It's a good thing.

Mr_Mark · Dec 21, 2017

this maybe a stupid question..... but how can it really be verified that he dumped it all?

RiceEater · Dec 22, 2017

theDonger said:
If you read the article, he sold his stake in Litecoin to eliminate any perceived bias/manipulation of the Litecoin market.

It's a good thing.

Yup, founder dumps entire stake 2 days before entire Crypto market crashes (litecoin off a mind bending 40% this week alone) that's a "good thing", unfortunately not for anyone buying this garbage