• Breaking News

    Wednesday, December 20, 2017

    Home Unlabelled Litecoin Litecoin price, tweets, and conflict of interest

    Litecoin Litecoin price, tweets, and conflict of interest

    December 20, 2017

    Litecoin Litecoin price, tweets, and conflict of interest

    Litecoin price, tweets, and conflict of interest

    Posted: 19 Dec 2017 11:30 PM PST

    Over the past year, I try to stay away from price related tweets, but it's hard because price is such an important aspect of Litecoin growth. And whenever I tweet about Litecoin price or even just good or bads news, I get accused of doing it for personal benefit. Some people even think I short LTC! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence. 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 crypto-currency in general.

    For this reason, in the past days, I have sold and donated all my LTC. Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoin's success. For the first time in 6+ years, I no longer own a single LTC that's not stored in a physical Litecoin. (I do have a few of those as collectibles.) This is definitely a weird feeling, but also somehow refreshing. Don't worry. I'm not quitting Litecoin. 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. I now believe this is the best way for me to continue to oversee Litecoin's growth.

    Please don't ask me how many coins I sold or at what price. I can tell you that the amount of coins was a small percentage of GDAX's daily volume and it did not crash the market.

    UPDATE: I wrote the above before the recent Bcash on GDAX/Coinbase fiasco. As you can see, some people even think I'm pumping Bcash for my personal benefit. It seems like I just can't win.

    submitted by /u/coblee
    [link] [comments]

    LTC Vs. BCH (Especially after Charlie's announcement)

    Posted: 20 Dec 2017 05:57 AM PST

    @SatoshiLite: The Litecoin team has been hard at work working with companies to support Litecoin. Nothing to announce yet, but here's what's in the works: - Merchant processor Popular online wallet Goods trading platform One huge unexpected surprise. �� - 2018 will be a good year for Litecoin!

    Posted: 20 Dec 2017 04:48 AM PST

    Early January 2018 I will officially donate 20hrs/week of my own time for door to door in Montreal restaurants and commerce in order to present the benefit of integrating LTC/BTC payment solution to their business. I will keep you update everytime I have a new merchant accepting LITECOIN!

    Posted: 20 Dec 2017 08:12 AM PST

    Is anyone else extremely disappointed by some of the response of the community to Charlie's thread?

    Posted: 20 Dec 2017 04:14 AM PST

    Charlie sold off his LTC and DONATED all of his earnings from it. He does not need LTC for financial success. He's been very financially successful regardless of his stake in LTC. He bought into BTC when it was $30/coin and he's been working as a software engineer for a decade and a half in high-profile positions, likely earning well into the 6-figures every year since his early to mid-20s.

    He DOES NOT need LTC for financial success. He could quit working on LTC tomorrow and never have to work another day in his life, and yet he chooses to completely focus his time and energy on the development of LTC.

    He didn't even have to announce that he was selling off his LTC, he did it because he wanted the community to understand he doesn't want there to be a perception of a conflict of interest anymore. It's probably quite stressful and emotionally draining knowing that anything you say will be met with a flurry of opinion since he has a perceived large stake in the product he's endorsing. This is completely counter-productive to his work on LTC.

    People are arguing he did it because he's anticipating a bear market in the near-future and that he's capitalizing on LTC's surge for profit. Again, he DONATED all of his earnings from the LTC sell-off.

    What he did was extremely noble. He's invested into LTC more than anyone of us. This is his legacy, which in my eyes, is much more important than financial success (not that he even needs LTC for financial success anyway). If anything, this will give Charlie more freedom to work on LTC without the emotional drain of the community's constant backlash whenever he says or does anything.

    This is extremely refreshing to see in the crypto-community, especially one that's so fueled with greed and manipulation. I applaud Charlie and I'm as confident as ever in LTC's future success.

    Edit: I'm not sure if Charlie donated ALL of his earnings from LTC (although he certaintly isn't required to do so and my argument wouldn't change in the slightest if he didn't), but he 100% did donate a portion of it. Again, I'm unsure and apologize for the potential mistake. I also really appreciate the gold, my first in 3 years! Thank you.

    submitted by /u/dats_cool
    [link] [comments]

    Everyone just needs to calm the hell down. The game has changed.

    Posted: 20 Dec 2017 09:23 AM PST

    The game HAS changed. The only people freaking out are the people who are either here only to get rich quick, or who can't critically think and see the whole picture.

    First of all, this is currency traded as a commodity. This isn't a stock and Litecoin isn't a company. So Charlie Lee getting out literally cannot be compared to ANYTHING. So stop trying to. Second of all, it's true what they say about him. He's damned if he does and damned if he doesn't. Anyone paying attention already knows that.

    I watched the Litecoin stream last night. So many good things are coming. Charlie donating all his coins is an absolute MUST with what is coming. Look across the isle at Bitcoin and Bcash. Right now Roger Ver is pretty much the figurehead for Bcash. He's using his extreme wealth to buy air time and push his ideological agenda. I'm not here to argue his ideologies or what Bcash stands for. What I can tell you is that Roger Ver is using his money to influence the market by promoting Bcash and spreading insane FUD about Bitcoin. The price is going to go nuts, there will be political ramifications, and many people are going to lose money. In time, this will come back to bite him in the ass.

    Now, Charlie is the figurehead for Litecoin. He's been pushing marketing for the coin and the Litecoin Foundation is kicking it into high gear by utilizing marketing firms and no doubt getting on TV even more...among other things like merchandising. You cannot have Charlie hamstrung like that. He cannot do certain things for promotion when he has a stake in what he's selling. He will end up looking like Roger Ver (albeit a very genuinely nice version of him) if he did.

    When you invest in Litecoin you invest in what it stands for and you back the developer team pushing it into the future. Charlie getting out is like untying the ball and chain. He is now 100% free to push this shit to the extreme because now NOBODY can say "oh, he's just shilling for his coin because he's making a killing."

    Open your eyes and see the big picture.

    submitted by /u/CrzyJek
    [link] [comments]

    Here is why Charlie Lee selling his LTC is a good thing

    Posted: 20 Dec 2017 06:13 AM PST

    Imagine looking at a new revolutionary form of currency that is changing the world, and being able to say, "I created that". Imagine the passion you would feel for its continued success. And with all that passion, knowing every time you scream to the world about how awesome it is, feeling like everyone is thinking you are pumping and manipulating it.

    • His incentive for LTC success has nothing to do with wealth. This is his creation. No one wants to see this work more than him.

    He was director of engineering at Coinbase. Between any equity he has there and any BTC he probably has, he is doing fine monetarily.

    • Many say, "it's a terrible sign when the owner of a company sells their position of stock".

    New Flash: This is a currency...not a stock.

    • Charlie can now passionately pursue the growth and success of the currency he created without fear...knowing that people can't point fingers at him and say he is manipulating price.

    My guess is that for someone like Charlie and his personality, this is a relief.

    • He's smart, and if all coin creators followed his lead, the integrity of cryptocurrency would be better maintained. Although we know most creators would not do this.

    • Let him be the innovator he wants to be. He doesn't want to be the CEO of a company, which is how everyone is looking at him.

    I could go on and on, but the point is, this is a healthy move in what has become an even more volatile market. A lot of manipulation seems to be coming to the surface, and I'm proud that the creator of LiteCoin doesn't want any part of it.

    submitted by /u/cryptocapitalventure
    [link] [comments]

    @TheRealXinxi: @SatoshiLite sold his LTC because he wants to show that he works for Litecoin not to pump it but for the good of the community. I’ve been hodling since 2013 and will keep doing so for quite long time because of my confidence in the team and the community. Don’t misunderstand

    Posted: 20 Dec 2017 09:15 AM PST

    He sodl for your sins !

    Posted: 20 Dec 2017 02:12 AM PST

    CNBC: Charlie Lee sells all of his Litecoin to avoid 'Conflict of Interest'

    Posted: 20 Dec 2017 04:00 AM PST

    Charlie Lee: "One huge unexpected surprise"

    Posted: 20 Dec 2017 09:53 AM PST

    I'm scared to HODL

    Posted: 20 Dec 2017 05:22 AM PST

    US Currency. The new tax plan could significantly increase the national debt causing it to be devalued. Everyone is saying the stock market is in a bubble. Interest rates are so low, there's no point in investing in bonds and savings accounts don't keep up with inflation. Big banks just pressure you into their investment strategies where they take 10% of your profits. Yesterday, I tried to send money to my friend in China to buy me some things, but they wanted to charge me 15% to do it!

    They say real estate is in a bubble too. People are having a hard time selling their houses. I can't even find any tulip bulbs for my garden.

    I can't do it anymore guys, I can't hold US Currency for much longer....

    submitted by /u/kailey_hunter
    [link] [comments]

    Hey Everyone! Remember me? I just came back from HODL land to greatly thank you for triple digit Litecoin, it's been a great ride; But it's not over yet! See you at 4 digits! ��

    Posted: 20 Dec 2017 03:32 AM PST

    Charlie I think an AMA would be very helpful for everyone right now.

    Posted: 20 Dec 2017 09:54 AM PST

    Charlie this community is and has been behind you since the beginning, we have added about 50,000 new members in the past month. Many of which aren't familiar with your track record.

    People have a lot of questions right now and I think it would be important to address them before others do.

    submitted by /u/henryanderson12
    [link] [comments]

    Virtual everyone on Coinbase with their Bitcoin Cash right now

    Posted: 20 Dec 2017 09:12 AM PST

    @SatoshiLite: I'm glad to see that the market is not overacting to this news. - You can't compare me to a CEO selling all his shares. I'm the creator. Litecoin is like my kid. I'm more invested in it than someone holding 1MM LTC. For me, it was never about the money or I would have pre-mined!��

    Posted: 20 Dec 2017 11:55 AM PST

    To all of y'all, sodling in fear of the recent "drama". Thanks for the dip.

    Posted: 20 Dec 2017 09:00 AM PST

    I'm looking forward to the day when we stop translating litecoin in terms of fiat value, and we simply use the currency everyday for everything. In the meantime, you guys sodling lower my costs, and I appreciate that.

    submitted by /u/antx
    [link] [comments]

    All things considered LTC is holding well through all this.

    Posted: 20 Dec 2017 09:51 AM PST

    Despite all this controversy LTC is pretty much exactly where it's been the past week which is impressive.

    It's a little stressful having to go through it all, but it never seems to end up as bad as you think it will.

    submitted by /u/Ragnaroknight
    [link] [comments]

    CNBC Brian Kelly recommends buying litecoin

    Posted: 19 Dec 2017 06:40 PM PST

    I just gotta say, I don't think I've ever seen a community be so helpful and nice to new-comers. Seriously, bravo to all of you.

    Posted: 19 Dec 2017 10:11 PM PST

    I am just in awe, I've been on Reddit for a few years, and whenever I'd come across something new, id often see new people get shunned away, who had " noob " questions.

    Sure here we poke a bit of fun, but I've never seen people be nasty to new comers, or shun them away. I also love how responsive and quick this sub is to questions, were like a big family, either jumping with glee or HODLING on for dear life.

    Nice to finally put this out because I've been thinking about it. Like just earlier I was gifted .13 LTC as a Christmas gift. My goodness!

    submitted by /u/Mans27
    [link] [comments]

    Guess I'm getting all the way rich or all the way poor

    Posted: 20 Dec 2017 09:47 AM PST

    The simple solution to some of the issues surrounding the community right now. Surprise inside!

    Posted: 20 Dec 2017 10:18 AM PST

    JUST. FUCKING. HODL.

    A lot of the comments bashing litecoin ARE BOT ACCOUNTS. Not all of them, but a fair few I clicked on did turn out to be bots. Moreover, don't let someone on the fucking internet make investment decisions for you.

    SURPRISE: WHEN litecoin hits $500, I will chug 5 beers and 5 shots live. (Notice I said when, not if)

    Please friends, just hodl. Oh and stop fucking bullying Charlie. If you're so unstable that you resort to bullying instead of rationally making the decision you want to make with your own investments, get the fuck off this sub and away from this community.

    submitted by /u/notacooleagle
    [link] [comments]

    Let's get gemini to add Litecoin!

    Posted: 20 Dec 2017 09:09 AM PST

    If coinbase can add scamcoin, gemini can add a legit altcoin.

    https://gemini24.zendesk.com/hc/en-us/requests/new

    submitted by /u/slammedwrx12
    [link] [comments]

    BEAUTIFUL, JUST BEAUTIFUL

    Posted: 20 Dec 2017 08:56 AM PST

    Coinbase is investigating claims of insider trading from its Bitcoin Cash launch | TechCrunch

    Posted: 20 Dec 2017 02:51 AM PST
    Read more
    at

    No comments:

    Post a Comment