Where did you guys buy Litecoin from? From coinbase?
Because my friend has gemini and it's not available there as far as I see.
Because my friend has gemini and it's not available there as far as I see.
Quote: (12-14-2017 10:13 AM)Aer Wrote:
Quote: (12-13-2017 04:45 PM)Aer Wrote:
Looking to buy a bunch more, will probably do so if it dips under $275. It's been hovering around $315 on coinbase for the last few hours.
Falling FAST now. Down to $265. I'll wait till this selloff subsides.
Quote: (12-20-2017 04:27 AM)Blancpain Wrote:
The creator of Litecoin sold all his coins.
Quote: (12-21-2017 07:20 AM)Roosh Wrote:
I'm really concerned with Lee selling all his coins. It would be like me selling all my web sites but then saying "Hey guys don't worry I still love my sites". Maybe that's true, but without skin in the game, I won't care as much about their success.
It's possible that BCH getting added to Coinbase is a negative move for Litecoin, since the whole purpose of Litecoin was a faster alternative to BTC. Lee knew that and sold at the top because it's not really needed now. If Litecoin hits a bottom, Lee will probably buy again and pump it up to a new high to repeat the process.
Quote: (12-21-2017 03:06 PM)Maciano Wrote:
Don't be fools! If he was honest he could have sold his coins months ago. He didn't. He sold at the top. Why would _YOU_ sell at the top? To cash in on noobs. Anybody who witnessed 2013 knows that altcoins go parabolic a few weeks after bitcoin goes parabolic, because noobs feel they missed the boat, and think they can jump on the second boat. Charlie knew Litecoin would moon sooner or later. He waited cashing out while he kept on pumping Litecoin. He even went on CNBC to pump it for Christ sake.
Just look at any random altcoin graph for a 3 year period. You'll see constant pump & dumps: mooning & crashing. That's because everyone just wants to make a quick buck. I get it, it's fun. It's a game. Some are good at it. I don't mind this scheme: it's honest in a way, everyone can pump and dump, so everyone can gamble all they want.
Guys like Charlie Lee, however, simply abuse their position to game the system itself. His nice guy act clearly serves as a get-out-of-jail-free card. GMAFB. Don't be a sucker.
Quote: (12-21-2017 03:06 PM)Maciano Wrote:
Don't be fools! If he was honest he could have sold his coins months ago. He didn't. He sold at the top. Why would _YOU_ sell at the top? To cash in on noobs. Anybody who witnessed 2013 knows that altcoins go parabolic a few weeks after bitcoin goes parabolic, because noobs feel they missed the boat, and think they can jump on the second boat. Charlie knew Litecoin would moon sooner or later. He waited cashing out while he kept on pumping Litecoin. He even went on CNBC to pump it for Christ sake.
Just look at any random altcoin graph for a 3 year period. You'll see constant pump & dumps: mooning & crashing. That's because everyone just wants to make a quick buck. I get it, it's fun. It's a game. Some are good at it. I don't mind this scheme: it's honest in a way, everyone can pump and dump, so everyone can gamble all they want.
Guys like Charlie Lee, however, simply abuse their position to game the system itself. His nice guy act clearly serves as a get-out-of-jail-free card. GMAFB. Don't be a sucker.
Quote: (12-21-2017 03:17 PM)cycl0ne Wrote:
Quote: (12-21-2017 03:06 PM)Maciano Wrote:
Don't be fools! If he was honest he could have sold his coins months ago. He didn't. He sold at the top. Why would _YOU_ sell at the top? To cash in on noobs. Anybody who witnessed 2013 knows that altcoins go parabolic a few weeks after bitcoin goes parabolic, because noobs feel they missed the boat, and think they can jump on the second boat. Charlie knew Litecoin would moon sooner or later. He waited cashing out while he kept on pumping Litecoin. He even went on CNBC to pump it for Christ sake.
Just look at any random altcoin graph for a 3 year period. You'll see constant pump & dumps: mooning & crashing. That's because everyone just wants to make a quick buck. I get it, it's fun. It's a game. Some are good at it. I don't mind this scheme: it's honest in a way, everyone can pump and dump, so everyone can gamble all they want.
Guys like Charlie Lee, however, simply abuse their position to game the system itself. His nice guy act clearly serves as a get-out-of-jail-free card. GMAFB. Don't be a sucker.
He could have cashed out long time ago. As you said, the pumping and dumping have been occurring for a while now. Also he didn't even have to make the announcement of selling his coins. He could have sold his coins and no one would have known unlike if it was the case with a publicly owned company
Quote: (12-21-2017 10:56 AM)DamienCasanova Wrote:
Quote: (12-21-2017 07:20 AM)Roosh Wrote:
I'm really concerned with Lee selling all his coins. It would be like me selling all my web sites but then saying "Hey guys don't worry I still love my sites". Maybe that's true, but without skin in the game, I won't care as much about their success.
It's possible that BCH getting added to Coinbase is a negative move for Litecoin, since the whole purpose of Litecoin was a faster alternative to BTC. Lee knew that and sold at the top because it's not really needed now. If Litecoin hits a bottom, Lee will probably buy again and pump it up to a new high to repeat the process.
Don't sell your LTC yet!
Rumor is that he sold his coins so he could work for Facebook, and implement a Litecoin rollout for FB payments.
http://www.zerohedge.com/news/2017-12-21...s-litecoin
"
It was requested from Facebook to do it so that he can’t be accused of personal interest, decision bias with regards to the LTC ecosystem development. Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel.
“Digital currency exchange startup Coinbase has announced the appointment of a Facebook executive to its board of directors. In joining the board, David Marcus, vice president of messaging products at Facebook, will bring years of experience in building large-scale mobile products, according to a Coinbase statement posted yesterday.”"