Will Litecoin die? - page 2. | Bitcointalksearch.org

Hamphser

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Quote from: eyesopen on January 02, 2018, 05:45:29 PM

Quote from: goodGuyGreg on January 02, 2018, 02:07:51 PM

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?

false!
look at the value of litecoin as i type this on bittrex it is around $250
it has not suffered from that charlie lee news
actually its old news now.

This is not actually old as we have seen the tweet is on Dec. 20,2017 which is a few weeks old which means we don't even know if he mean that tweet on selling out his LTC or just making some bluffs or what but regarding on its recent or current price as of writing I don't see any major movements signifies on the possible actions that he would made of. I don't think that Litecoin will die if we do try to track after all these years. Even how many coins does Charlie lee have.

shursight

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And this is a reason to think that litecoin is going to die? Of course not.

Quote from: goodGuyGreg on January 02, 2018, 02:07:51 PM

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?

If you develop a coin, and it went up by more than 1000 times since you created it, wouldn't you feel tempted to sell it to have your own profit?

I think that he really deserve that money, do not be greedy.

He created that altcoin and a lot of people made incredible profit from that one.

kingpes14

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He did that just to be more decentrailsed coin, litecoin will have very big news in 2018. Litecoin in 2018 will be more powerfull than before, litecoin just gone to be more powerfull..

eyesopen

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Quote from: goodGuyGreg on January 02, 2018, 02:07:51 PM

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?

false!
look at the value of litecoin as i type this on bittrex it is around $250
it has not suffered from that charlie lee news
actually its old news now.

charlie137

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Quote from: Samboo on January 02, 2018, 03:54:27 PM

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.

itl happen in a few years with quantum hex

poodle63

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Quote from: goodGuyGreg on January 02, 2018, 02:07:51 PM

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.

GuiDonK

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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.

andohyeb

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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.

christian07

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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.

Necroface

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simply getting the job done

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!

NorrisK

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Quote from: KingScorpio on January 02, 2018, 04:49:17 PM

Quote from: goodGuyGreg on January 02, 2018, 02:07:51 PM

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.

KingScorpio

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Quote from: goodGuyGreg on January 02, 2018, 02:07:51 PM

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

fred22

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No way it will die

Timeclo

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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.

BoBBaumeister

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Litecoin never gonna die evben BitConnect is still here

Ru1016

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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

MikuMiku

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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.

otundebis

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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.

ceremonita

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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.

Samboo

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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.

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