No offence but Charlie wrote on Reddit explaining his reasoning and also saying that he had no intentions of stepping away from litecoin as a creator. He simply felt like this would be the best way to eliminate some of the FUD that is spread because of his holdings in his company.
I know that there are alot of whales in crypto, particularly the early adopters. One rumor being satoshi has 1 million bitcoin. Imagine if he sold just 10% of that, the market would crash to almost nothing, that applies to charlie lee too, some people think he has the power to crash litecoin when ever he feels, which he probably still could through words, but now he can't do it by selling loads- apparently, good arguments for both sides as to if hes honest, personally I think he is
lol, Not true
No offence but Charlie wrote on Reddit explaining his reasoning and also saying that he had no intentions of stepping away from litecoin as a creator. He simply felt like this would be the best way to eliminate some of the FUD that is spread because of his holdings in his company.
Please elaborate.
I know that there are alot of whales in crypto, particularly the early adopters. One rumor being satoshi has 1 million bitcoin. Imagine if he sold just 10% of that, the market would crash to almost nothing, that applies to charlie lee too, some people think he has the power to crash litecoin when ever he feels, which he probably still could through words, but now he can't do it by selling loads- apparently, good arguments for both sides as to if hes honest, personally I think he is