THELOGICALINDIAN - Litecoin architect Charlie Lee is not planning to buy aback the litecoins he awash any time anon or at all afterwards he awash his absolute backing nine months ago
That was the acknowledgment to a catechism during an actualization on CNBC August 27, during which Lee discussed Bitcoin [coin_price] and Litecoin amount [coin_price coin=litecoin] achievement and adoption.
“For me, I awash because of a battle of interest,” he told host Melissa Lee back she asked whether Litecoin’s accepted amount of $58 represented a “buying opportunity.”
Lee had ahead told the arrangement that he anticipation investors should buy at atomic 1 bitcoin afore Litecoin or any added cryptocurrency.
Lee acquired a activity backward aftermost year back he appear he had sold his absolute stake in his altcoin. Appearing to advertise as LTC/USD hit best highs about $350, association commentators appeared to criticize his accommodation for aggressive to alarm markets and lose investors money.
Lee dedicated the accommodation at the time, additionally alliance to apply alone on Litecoin development.
“I’m not abandonment Litecoin. I will still absorb all my time alive on Litecoin,” he wrote on Reddit at the time. “When Litecoin succeeds, I will still be adored in lots of altered ways, aloof not anon via buying of coins.”
2018 has added accurate to be a testing one for both Lee and Litecoin. As Bitcoinist reported this week, silverbug and Golden State Mint arch TruthNeverTold became the latest affair to casting contemptuousness on the December sell-off, anon calling cryptocurrencies a “ponzi scheme.”
Prior to that, a partnership with TokenPay in July to acquirement a allotment of a German coffer sparked a beginning backfire stemming from TokenPay’s arguable reputation.
Nonetheless, the altcoin is not after its supporters, this anniversary advancing in the anatomy of Blockstream CSO Samson Mow, who acclaimed that calm with Bitcoin it had represented the alone safe abiding advance opportunity.
What do you anticipate about Charlie Lee’s agreement not to buy aback into LTC? Let us apperceive in the comments below!
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