Topic: Charlie Lee says Litecoin correction coming - page 2. (Read 1627 times)
I like Litecoin very much because it has a professional DEV team and has a very clear strategy. Litecoin is currently on the rise despite the decline in the altcoin market due to the impact of bitcoin. Charlie Lee is a very responsible and assertive person.
This is why I like Litecoin... The team doesn't sit there shouting 'moon' and 'lambo' ad nauseam.
Charlie has a plan for sustainable and stable growth of the platform. Which occasionally gets interrupted when the BTC whales are looking for a sanctuary in uncertain times.
Charlie has a plan for sustainable and stable growth of the platform. Which occasionally gets interrupted when the BTC whales are looking for a sanctuary in uncertain times.
If we talk about correction, every coin will face that correction soon or later. Nobody know when for sure.
If we want to buy altcoin in good price, we will expect the correction too before buying.
If we want to buy altcoin in good price, we will expect the correction too before buying.
he didn't say correction is coming, he said there must be a correction some time. we don't know if it will be tomorrow or 3 months later. this is true. don't put all your money in litecoin. invest at your own risk.
he is trying to say that, don't get burned when crypto currencies start to crash so fast.
he is trying to say that, don't get burned when crypto currencies start to crash so fast.
Nah he is clearly not talking for real, just trying to supress the hype and telling people they should not panic sell when it goes down a bit.
The prize is stabilizing every few hours btw its not just rising like crazy; when it raises for example by 50 dollars, later it will go back down 30-40 dollars and slowly regain the raise again etc. When it reached 250 for the first time it went back to 230, then moved up till 340, went down till nearly 300 and went back to 310
It's right now pretty much stabilizing at 310-320
a dip till 150 seems VERY unlikely to me, heck i don't even think it will go below 250 dollars anymore since today lol if it corrects big then maybe somewhere between 200 and 250 is a possibility but i highly doubt it
If you ask me the ''1XX'' days of litecoins are over and the 2XX might be as well
The prize is stabilizing every few hours btw its not just rising like crazy; when it raises for example by 50 dollars, later it will go back down 30-40 dollars and slowly regain the raise again etc. When it reached 250 for the first time it went back to 230, then moved up till 340, went down till nearly 300 and went back to 310
It's right now pretty much stabilizing at 310-320
a dip till 150 seems VERY unlikely to me, heck i don't even think it will go below 250 dollars anymore since today lol if it corrects big then maybe somewhere between 200 and 250 is a possibility but i highly doubt it
If you ask me the ''1XX'' days of litecoins are over and the 2XX might be as well
Can someone explain how did litecoin get up so high?
Hundreds of thousands of new people have signed up on coinbase and are investing money into btc, ltc, and eth. Hence why the price is mainly pumped up for these 3 over the past few days.
Can someone explain how did litecoin get up so high?
Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
He could be right, litecoin is having a massive pump these last days (value was at peak around 350 $) without a real occasion.
I will hold my litecoin though and buy more when the crash comes!
Smart man I would heed his advice especially when it comes to LTC. However it shouldn't come as a surprise to anybody following the markets that LTC will correct. That other aspect though about the bear market that concerns me and that would suck if that happens but we will make it out nonetheless.
Where is this tweet?
I looked at charlie lee's twitter and did not see such a tweet! ( https://twitter.com/SatoshiLite )
I think it is a news for speculation
I looked at charlie lee's twitter and did not see such a tweet! ( https://twitter.com/SatoshiLite )
I think it is a news for speculation
You can find it here, you just had to scroll down a little bit further! ( https://twitter.com/SatoshiLite/status/940353265585160192. ) Hopefully I don't get in to trouble for this, I don't know the rules around posting links!
Where is this tweet?
I looked at charlie lee's twitter and did not see such a tweet! ( https://twitter.com/SatoshiLite )
I think it is a news for speculation
I looked at charlie lee's twitter and did not see such a tweet! ( https://twitter.com/SatoshiLite )
I think it is a news for speculation
Such an odd thing to say lmao. But maybe some truth to it, great time to cash out and rebuy later.
well, i personally believe that correction will be milder and shorter this time, but a 90% fall wouldn't be unheard of - that's basically what happened every time BTC went on a similar rally as this year!! 
So strange for him to come out and say that, perhaps he is shorting his own currency?
I think a correction is a given but to such low levels I don't think so. Maybe to around $150.
Yeah I am planning to buy to if it reaches $150. I dont think he is shorting his own currency. He is probably trying to slow down the hype and wants an steady climb. If LTC kept going the way it was until now, a crash in the price and reputation would be most likely.
yes i really think you nailed it... coins that rise too fast and on excess hype have a hard time getting back on track... see what happened to Digibyte! it looked like it was going to be the real thing back in spring, it's tumbled and basically vanished since. even Neo is still suffering from too much hype around rebranding. so i agree with you: i also think Charlie Lee is just trying to protect its product.
It was more sarcasm than actual expectation, I'm sure he fully believes in his coin and you're probably right that he is just tempering expectations, I think perhaps a little over the top though, I guess prepare people for the worst but to suggest a 90% fall in price is pretty crazy. I'm guessing he doesn't have much faith on crypto not being in a big bubble right now!
Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
So strange for him to come out and say that, perhaps he is shorting his own currency?
I think a correction is a given but to such low levels I don't think so. Maybe to around $150.It was more sarcasm than actual expectation, I'm sure he fully believes in his coin and you're probably right that he is just tempering expectations, I think perhaps a little over the top though, I guess prepare people for the worst but to suggest a 90% fall in price is pretty crazy. I'm guessing he doesn't have much faith on crypto not being in a big bubble right now!
A 90% fall would be far bigger than any individual rally, it would take us down to around $2000 which would be almost all of the years growth gone. Any percentage fall is always bigger than a % gain as the number you're working with to calculate the percentage is higher.
well, i personally believe that correction will be milder and shorter this time, but a 90% fall wouldn't be unheard of - that's basically what happened every time BTC went on a similar rally as this year!!
So strange for him to come out and say that, perhaps he is shorting his own currency? I think a correction is a given but to such low levels I don't think so. Maybe to around $150.
Yeah I am planning to buy to if it reaches $150. I dont think he is shorting his own currency. He is probably trying to slow down the hype and wants an steady climb. If LTC kept going the way it was until now, a crash in the price and reputation would be most likely.
yes i really think you nailed it... coins that rise too fast and on excess hype have a hard time getting back on track... see what happened to Digibyte! it looked like it was going to be the real thing back in spring, it's tumbled and basically vanished since. even Neo is still suffering from too much hype around rebranding. so i agree with you: i also think Charlie Lee is just trying to protect its product.
It was more sarcasm than actual expectation, I'm sure he fully believes in his coin and you're probably right that he is just tempering expectations, I think perhaps a little over the top though, I guess prepare people for the worst but to suggest a 90% fall in price is pretty crazy. I'm guessing he doesn't have much faith on crypto not being in a big bubble right now!
Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
So strange for him to come out and say that, perhaps he is shorting his own currency?
I think a correction is a given but to such low levels I don't think so. Maybe to around $150.It was more sarcasm than actual expectation, I'm sure he fully believes in his coin and you're probably right that he is just tempering expectations, I think perhaps a little over the top though, I guess prepare people for the worst but to suggest a 90% fall in price is pretty crazy. I'm guessing he doesn't have much faith on crypto not being in a big bubble right now!
Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
So strange for him to come out and say that, perhaps he is shorting his own currency?
I think a correction is a given but to such low levels I don't think so. Maybe to around $150.It was more sarcasm than actual expectation, I'm sure he fully believes in his coin and you're probably right that he is just tempering expectations, I think perhaps a little over the top though, I guess prepare people for the worst but to suggest a 90% fall in price is pretty crazy. I'm guessing he doesn't have much faith on crypto not being in a big bubble right now!
I think he is a nice guy but I still don't see much in store for litecoin long term vs other alts.
i strongly disagree. given progresses on LN and atomic swaps, i think LTC is positioning itself to be the ideal and practical complement to BTC. was that to happen, 3rd or even 2nd rank in total marketcap would become a concrete possibility Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
So strange for him to come out and say that, perhaps he is shorting his own currency?
I think a correction is a given but to such low levels I don't think so. Maybe to around $150.
So strange for him to come out and say that, perhaps he is shorting his own currency? I think a correction is a given but to such low levels I don't think so. Maybe to around $150.
I think a correction is a given but to such low levels I don't think so. Maybe to around $150.Maybe he's trying to stay honest. Anybody looking to those graphs could tell that a correction has to come. Of course, we'll not know in time how big is it going to be.
The growth was too big, too fast.
Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "
Might be a good time to sell for profit before the correction. any thoughts?
So strange for him to come out and say that, perhaps he is shorting his own currency?
I think a correction is a given but to such low levels I don't think so. Maybe to around $150.
Well he would be full of crap if he said litecoin was gonna moon after already pumping, it's just common sense. I think he is a nice guy but I still don't see much in store for litecoin long term vs other alts.
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