Thinking Crypto
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Charlie Lee Sells All His Litecoin - WTF? - Should you be Worried? Still HODL?
Posted
December 21, 2017
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December 21, 2017
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5:36Now PlayingCharlie Lee, the founder of Litecoin, recently sold all his Litecoin citing conflict of interest reasons. Lee pins his decision on criticism that his Twitter posts about the currency were attempts at personal enrichment. Charlie announced this on Reddit yesterday. Lee "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." Litecoin had a small dip, but no major crash even with this sell off. This is a good sign! I’m still holding! In my opinion Charlie wanted to appear unbiased in his opinions and representations of the company. This seems highly important to him given his past statements. I now just see his selling as an integrity move
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