Bitcoin Billionaire Units Charlie Lee Litecoin Net Worth

Charlie Lee announced in a Best Malaysia Bitcoin Debit Card Companies Ethereum Depth Chart post on Wednesday that he had "sold and donated" all of his litecoin holdings over recent days. Profited on all of it, I just put all of it into ethereum. And then Charlie Lee gives a my-dog-ate-my-homework-caliber explanation for why he did so. The code repository hasn't seen any changes in three months. I don't actually blame him - Litecoin was a pump coin. Work on the development of the software and evangelize the coin, not work for an exchange. He should be developing for LTC instead of pumping the price all day on twitter only to dump it at the top. Lee is not telling the full truth. Yeah the mining difficulty was below 18 and around 15, coins where mined before early march. This form an epic cocktail: In MayLitecoin became the first of the top 5 by market cap cryptocurrencies to adopt Segregated Witness. I'm pretty sure he's sold almost all of his ETH by now: Still got hundreds of millions left. If I were him and lived through that, then saw the price where it is, it sure would be tempting to sell knowing your product is going to plummet at some point. He's using the public's bashing as Bitcoin Billionaire Units Charlie Lee Litecoin Net Worth excuse to sell Is It Illegal To Buy Cryptocurrency Privately Why Cryptocurrency Is The Future Of Renewable Energy LTC and run away with his dirty fucking profits. By using this site, you agree to the Terms of Use and Privacy Policy. Retrieved 12 May Lee spent the entire days before pumping the price on his twitter page. All the numbers are inflated. All flair names are capitalized, e. Sign up for e-mail news updates. You can probably figure out how many coins I mined. In no scenario is the news good. For further info check out http: Send them to my inbox! Coinbase plans to reopen the order books Wednesday. The dude donates all his LTC profits and people still bash him like he's running away with everyone's money, Charlie really can't win lol. The only thing to worry about is tether. WednesdayDecember 20, - 7: It sucks for anyone convinced of Litecoin's future prospects, because I can see Litecoin dropping off the top 10 crypto on coinmarketcap in the next few months.

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Bitcoin itself fell about 10 percent after the news. It could be NOT bad if you totally buy his reasoning but if you don't buy his reasoning it is really bad. Tens of thousands of views and hunderts of comments. Crypto mania rages as pioneer sells out, coinbase stumbles Wednesday , December 20, - 7: I don't know if that changed now, but i doubt it. He's aware that announcing the sales ahead if time would have a market impact, so he sold on the dl and then announced he cashed out. That could also makes you question his belief in his own project. As a comparison for those that are interested, here is VB's wallet address. I've known people who bought Litecoin solely for that reason alone. If we are going to play sides, why stop there and just call bitcoin pointless as well. From Wikipedia, the free encyclopedia. Lee spent the entire days before pumping the price on his twitter page. Allowing traders to trade their own positions and so allow individuals to set a new price by themselves, trade on their own exchanges, manipulating flow of fiat and crypto by changing the fees or requirements to withdraw, for instance bittrex allows you to deposit without being verified but after that your funds are stuck cause you need to be verified before you can withdraw, collaborating with big players, fooling users in to believing the exchange has a fiat market when in reality it's USDT, regulating users when to many are trying to trade in such a way as to benefite the exchange, having bad trading engines that will allow flash crashes that bypass stop positions and liquidate their users margin positions without it being the fault of the user, no transparency when it comes to their banking situation, insiders that steal crypto because "it's not money", etc etc etc. What is their rationale? While Coinbase briefly enabled orders to be posted in U. Those "outs" do not necessarily mean selling. Enough so that he doesn't worry about money, but not the nine figures Charlie's made. At least, that was the spirit of this space and big aspect of crypto a year ago I get the feeling after the crypto bubble a lot of the 'kings of the crypto' are going to end up in jail one way or another. When he owned a big stake I am sure the decisions he made were good for LTC now if he makes a bad decision he has nothing to lose except his influence. Log in or sign up in seconds. Smart, with the recent ATH. I'm pretty sure he's sold almost all of his ETH by now: The company issued 1. For the past year Litecoin was perfectly positioned as the third crypto on Coinbase that newbies would gravitate to because it was "cheap". Here is his wallet address As you can see, there's still plenty of ETH in there. By using this site, you agree to the Terms of Use and Privacy Policy. I want to think that litecoins are very fairly distributed. Want to add to the discussion? I had to hunt down that link ; and read it over, but it's missing a critical point. He might have a bunch more on a different wallet address. Those "outs" do not necessarily mean selling. But you have to be honest when you question other people's actions. However, what makes this particular fork even more out of the ordinary is Binance Neo Return Trust Poloniex With Ssn lack of any true issues on the legacy LTC blockchain. While Coinbase briefly enabled orders Poloniex Bitcoin Margin Loan Rates Sugar Token Crypto Ico be posted in U. If this feature doesn't work, please message the modmail. Views Read Edit View history. More than most I'm guessing but a lot less than some of the wealthy Litecoin holders out. You can read the full Reddit post. Litecoin LTC has been making major strides in the cryptocurrency world. But I bought a lot more on BTC-e. For further info check out http: You can probably figure out how many coins I mined. LitePay announced via the company Twitter account that they would be picking Is Trading Bitcoin Legal Ethereum Typical Miner Rig the challenge of bringing payment methods to the LTC network. Charlie Lee, Creator Litecoin, the most popular alternative currency to Bitcoin.

The creator of $17 billion cryptocurrency litecoin has sold his entire stake

Visit the offical litecoin website at litecoin. Segwit seems like a good scalability improvement to me, but I'd certainly like to know if I missed. Or Warren Buffett with Berkshire? In MayLitecoin became the first of the top 5 by market cap cryptocurrencies to adopt Segregated Witness. Hongkong Agreement Bitcoin Ethereum Use Main Network didn't say. While Coinbase briefly enabled orders Largest Bitcoin Mining In Usa Where Can I Buy Litecoin Etf be posted in U. Vlad is the driving force read: Do not waste people's time. Jobs Homes Rentals Classifieds. Bitcoin the new gold? There's nothing behind Litecoin before as it was just a copy paste of Bitcoin. Doesn't matter how much he haswhat matters is how he got them which is like everyone else buy mining them or buying LTC. Seems really, really, really weird. There is a reason why stockmarkets and forex are regulated and those are already shaddy as fuck and would still trade slaves if it was allowed and make good money, so what about crypto exchanges with zero regulation that might steal "magic internet money" that they can take with them in prison without the government taking it from. So then main reason why they have value is because they are perceived to have value and to be perceived as something which value only ever goes up in the long run Bitcoin Broker Fees Ethereum Etf Canada that's the classic definition of a speculative bubble. Miners are drawn to this tactic because a new coin is easier to mine and receive reward tokens from, whereas in many places mining the legacy coin is costlier. If you look at total market cap of crypto and you lay that next to the explosion of tether this year then you can clearly see the colleration. Markets Insider Lee said he will remain committed to the Litecoin project and cryptocurrencies more generally. Here is his wallet address. That makes more sense now. ET on Wednesday morning. Charlie seems to have lost some marbles or the stress of the game has been too much for him. The code repository hasn't seen any changes in three months. I am not technical, but from what i've noticed, vitalik's version seemed more finished. Even then, why not just donate the LTC itself? Not saying anything one way or the other, but where is the validation of these donations? The frenzy is reminiscent of the heady days of the dot-com bubble, when stories of mailroom millionaires sparked a rush to list anything remotely related to the internet. Too much money too easy - makes it too temping to break laws and flaunt it. Here is his wallet address As you can see, there's still plenty of ETH in there. Ownership aligns interests and drives developers to succeed. My point was the contradiction between condemning Charlie for selling his stack by declaring an absolute about "no leader should sell their stake", and yet being completely fine with Vlad having sold his. I am sitting on a ton of money If i dont sell the thing that is a ton of money i wont get the ton of money. He is not a part of ethereum foundation, he said it himself in an interview with derose. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency. The user adoption of crypto and the price at which they are validated is completely eschewed. I feel more sorry for those that don't see the writing on the wall here. There are coins out there with significant differences from bitcoin eth for example , but litecoin isn't one of them. When Litecoin succeeds, I will still be rewarded in lots of different ways, just not directly via ownership of coins. From when he pumped Decred, to when he worked at Coinbase to add his own coin of which he owned a massive stake, til now.

Video Interview with Charlie Lee, Creator Litecoin

Please enter your comment! I feel sorry for Litecoin bag holders. All rational evidence is that he's getting. That would still make his statement true. I am not a Litecoin guy. This is due to the company called LitePay and their announcement that they will be launching their retail and merchant payment solution which is designed to allow Litecoin users to use their coins through a debit card style wallet similar to the one offered by BitPay for bitcoin users. You can correct inaccurate link-flair assignments by typing "[AutoMod]" along with the flair name in Eli5 Bitcoin Core Most Efficient Litecoin 2018 top-level comment, e. Not even a casual mention of the charity. Want to add to the discussion? Would you like to refute anything I said with a comment or just wildly wave your dick around and walk away? Which is why it's so critical to minimize the resources required to run a node; to distribute that collective validation Bitcoin Atm Cost If Bitcoin Mining Gets Easy As Ethereum Mining far and wide as possible. I am a Founder Of Litecoin Omisgo Omg Cryptocurrencies. All the numbers are inflated. People are sheep and lack any critical thinking skills. Ownership aligns interests and drives developers to succeed. Here is his wallet address As you can see, there's still plenty of ETH in . If the chain of signatures is what you want, segwit is how you take that away. Coinbase plans to reopen the order books Wednesday. I'd question Vitalik or founder of any crypto NOT selling some of their stack. A decentralized ledger of shared computational resources" PDF. I'm pretty sure he's sold almost all of his ETH by now: So then main reason why they have value is because they are perceived to have value and to be perceived as something which value only ever goes up in the long run and that's the classic definition of a speculative bubble. He is not a part of ethereum foundation, he said it himself in an interview with derose. I get the feeling after the crypto bubble a lot of the 'kings of the crypto' are going to end up in jail one way or another. LitePay announced via the company Twitter account that they would be picking up the challenge of bringing payment methods to the LTC network. That implies his stash was rather small. Because of the price manipulation there is now a gold fewer but it's by no means a global thing. That makes more sense now. Here is his wallet address As you can see, there's still plenty of ETH in there. It has the brand and first mover advantage. Like the organization it was donated to stepping forward to say.. I've known people who bought Litecoin solely for that reason alone. I think he is using "conflict of interest" to mean, his holding of LTC was conflicting with his interest in holding dollars and other coins. Would you like to refute anything I said with a comment or just wildly wave your dick around and walk away? Sucks to be the miner Notify me of follow-up comments by email. Dogecoin Gulden Litecoin PotCoin.

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Charlie Lee announced in a Reddit post on Wednesday that he had "sold and donated" all of his litecoin holdings over recent days. I feel more sorry for those that don't see the writing on the wall here. I realized the whales make any market and I am just along for the ride. Why don't you post this nonsense somewhere outside of the ethereum fan boy echo chamber and see how well you can hold your own? But you have to be honest when you question other people's actions. Litecoin founder Charlie Lee. Enter your email address to subscribe to this blog and receive notifications of new posts by email. The possible payoff is huge and the risks are lower then ever. I want the leaders to do things that make the product better and if it is an investment go up in price. Litecoin Foundation Store All proceeds go to the dev's! When Litecoin succeeds, I will still be rewarded in lots of different ways, just not directly via ownership of coins. That's why for decentralization, as many people as possible should run their own! In the end there can only be one!!!! Just a Bitcoin copy and paste. He's using the public's bashing as an excuse to sell his LTC and run away with his dirty fucking profits. There's nothing behind Litecoin before as it was just a copy paste of Bitcoin. Lee spent the entire days before pumping the price on his twitter page. This form an epic cocktail: He only came back to litecoin so he could pump and sell his huge stash i've read somewhere that he had 1mil ltc at some point, can't find the source now. No "leader" of a project sell their stake. Hell stay on to steer LTC. Smart, with the recent ATH. We have seen moves like this before with small enclaves of miners rebelling against the core developers of a cryptocurrency with the desire to fork the blockchain. That makes more sense now. By using this site, you agree to the Terms of Use and Privacy Policy. Not saying anything one way or the other, but where is the validation of these donations? If this feature doesn't Verge Is Not The Only Cryptocurrency Geckos Unlimited Crypto, please message the modmail. A guide to some other cryptocurrencies". But he did sell quite a lot. So Charlie Lee didn't crash the price. Bitcoin forked in response to the developers not implementing scaling solutions to the blockchain in order to solve scalability issues. Once people will know about LTC it will sky rocket — mark my words. Name another CEO or project leader that does. Soubds pretty logical to me. All flair names are capitalized, e. At the end of the day he is a human being and if he can be financially independent by selling a big part now, why shouldn't he do this? Thanks for the name calling. I hope Lee works as hard now as before but him selling maybe makes me feel he has less influence than before he sold. For the past year Litecoin was Mining With Minergate Profitable Altcoin Trading Charts positioned as the third crypto on Coinbase that newbies would gravitate to because it was "cheap". I didn't see the period and thought it was a comma instead and misread it. You don't even have your information straight about Casper and its two flavorsso The code repository hasn't seen any changes Sec Decision On Cryptocurrency Exchange Any Crypto New York three months. Shows how much you really care about things. For this reason, in the past days, I have sold and donated all my LTC.