Post: #51

Where did you guys buy Litecoin from? From coinbase?

Because my friend has gemini and it's not available there as far as I see.

Post: #52

Coinbase and Bitstamp have it.

Post: #53

Finally litecoin showing some legs, 320$ I predict a leg up.

Post: #54

Geez, I was looking at it. I was tempted to buy but I didn't have balance on my account on coinbase. I could buy with bank transfer option but the coin will be delivered after 7 days. I think I should've bought it but I was afraid while just waiting to get coins

(12-14-2017 10:13 AM)Aer Wrote:  

(12-13-2017 04:45 PM)Aer Wrote:  Looking to buy a bunch more, will probably do so if it dips under $275. It's been hovering around $315 on coinbase for the last few hours.

Falling FAST now. Down to $265. I'll wait till this selloff subsides.

Post: #55

CNBC's Fast Money show tonight to publicly advocated buying Litecoin. Said that trading technicals signal potential breakout up to $500. Litecoin getting more attention now?

Post: #56

The creator of Litecoin sold all his coins.

Post: #57

Here is a tweet of a famous trader that I follow on twitter.

https://twitter.com/PeterLBrandt/status/...5189422081

Post: #58

For some of the newbs following this thread - Litecoin is dipping right now @ $305, this is a "safe" time to get in.
If you like to gamble, wait and see if it'll spike down to $280.
Then HODL (hold) like the Spartans of 300 - so many people are flooding into Coinbase on a daily basis now that it is almost a guarantee it will hit $1,000+ sometime in 2018.

For the instant gratification spoiled millennials reading this -

Where else can you predictably 3x your money in a years time?

Post: #59

(12-20-2017 04:27 AM)Blancpain Wrote:  The creator of Litecoin sold all his coins.

THIS!

Supposedly nice guy Litecoin creator Charlie Lee just sold ALL his coins at the top. At the fucking top.

He supposedly wanted to be impartial, so people wouldn't accuse him of being biased. Pure gaslighting: everyone knows that CEOs, entrepreneurs, etc. WITH skin in the game have more, not less, confidence in and involvement with the project they run.

This was a long con, and I have to admit, well-played. How silly must Litecoin holders now feel. I keep saying, most altcoins are scams; only bitcoin is decentralised enough to not have insiders conspire against investors. Apparantly, even the few altcoins w/ honest fundamenals (like Litecoin, Monero, DOGE) tend to screw you over.

Fucking disgraceful. This is what could fail cryptocurrency long-term, all these sharks fucking over noobs.

Post: #60

I'm really concerned with Lee selling all his coins. It would be like me selling all my web sites but then saying "Hey guys don't worry I still love my sites". Maybe that's true, but without skin in the game, I won't care as much about their success.

It's possible that BCH getting added to Coinbase is a negative move for Litecoin, since the whole purpose of Litecoin was a faster alternative to BTC. Lee knew that and sold at the top because it's not really needed now. If Litecoin hits a bottom, Lee will probably buy again and pump it up to a new high to repeat the process.

Post: #61

(12-21-2017 07:20 AM)Roosh Wrote:  I'm really concerned with Lee selling all his coins. It would be like me selling all my web sites but then saying "Hey guys don't worry I still love my sites". Maybe that's true, but without skin in the game, I won't care as much about their success.

It's possible that BCH getting added to Coinbase is a negative move for Litecoin, since the whole purpose of Litecoin was a faster alternative to BTC. Lee knew that and sold at the top because it's not really needed now. If Litecoin hits a bottom, Lee will probably buy again and pump it up to a new high to repeat the process.

Don't sell your LTC yet!

Rumor is that he sold his coins so he could work for Facebook, and implement a Litecoin rollout for FB payments.

http://www.zerohedge.com/news/2017-12-21...s-litecoin

"
It was requested from Facebook to do it so that he can’t be accused of personal interest, decision bias with regards to the LTC ecosystem development. Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel.

“Digital currency exchange startup Coinbase has announced the appointment of a Facebook executive to its board of directors. In joining the board, David Marcus, vice president of messaging products at Facebook, will bring years of experience in building large-scale mobile products, according to a Coinbase statement posted yesterday.”"

Post: #62

Why does everyone always assume foul play? I'm sure it was easier for him to sell at such a high but once you have a certain amount of money it doesn't really make sense to chase more unless you are that type. Others prefer to work on projects they have a passion for, especially if it could change the world. I believe Charlie is in this as a passion play.

Post: #63

It's a double edged sword. If he continued holding any sizable amount of coins (or even worse, trading his coins), people would accuse him of insider trading, manipulating markets, or whatever. Now that he's sold to get rid of that conflict of interest, he's being accused of eating his cake and running.

He seems like a genuinely nice guy. Also, Litecoin isn't some shitcoin that isn't going anywhere, he could get even more money by developing Litecoin.

Post: #64

Don't be fools! If he was honest he could have sold his coins months ago. He didn't. He sold at the top. Why would _YOU_ sell at the top? To cash in on noobs. Anybody who witnessed 2013 knows that altcoins go parabolic a few weeks after bitcoin goes parabolic, because noobs feel they missed the boat, and think they can jump on the second boat. Charlie knew Litecoin would moon sooner or later. He waited cashing out while he kept on pumping Litecoin. He even went on CNBC to pump it for Christ sake.

Just look at any random altcoin graph for a 3 year period. You'll see constant pump & dumps: mooning & crashing. That's because everyone just wants to make a quick buck. I get it, it's fun. It's a game. Some are good at it. I don't mind this scheme: it's honest in a way, everyone can pump and dump, so everyone can gamble all they want.

Guys like Charlie Lee, however, simply abuse their position to game the system itself. His nice guy act clearly serves as a get-out-of-jail-free card. GMAFB. Don't be a sucker.

Post: #65

(12-21-2017 03:06 PM)Maciano Wrote:  Don't be fools! If he was honest he could have sold his coins months ago. He didn't. He sold at the top. Why would _YOU_ sell at the top? To cash in on noobs. Anybody who witnessed 2013 knows that altcoins go parabolic a few weeks after bitcoin goes parabolic, because noobs feel they missed the boat, and think they can jump on the second boat. Charlie knew Litecoin would moon sooner or later. He waited cashing out while he kept on pumping Litecoin. He even went on CNBC to pump it for Christ sake.

Just look at any random altcoin graph for a 3 year period. You'll see constant pump & dumps: mooning & crashing. That's because everyone just wants to make a quick buck. I get it, it's fun. It's a game. Some are good at it. I don't mind this scheme: it's honest in a way, everyone can pump and dump, so everyone can gamble all they want.

Guys like Charlie Lee, however, simply abuse their position to game the system itself. His nice guy act clearly serves as a get-out-of-jail-free card. GMAFB. Don't be a sucker.

He could have cashed out long time ago. As you said, the pumping and dumping have been occurring for a while now. Also he didn't even have to make the announcement of selling his coins. He could have sold his coins and no one would have known unlike if it was the case with a publicly owned company

Post: #66

(12-21-2017 03:06 PM)Maciano Wrote:  Don't be fools! If he was honest he could have sold his coins months ago. He didn't. He sold at the top. Why would _YOU_ sell at the top? To cash in on noobs. Anybody who witnessed 2013 knows that altcoins go parabolic a few weeks after bitcoin goes parabolic, because noobs feel they missed the boat, and think they can jump on the second boat. Charlie knew Litecoin would moon sooner or later. He waited cashing out while he kept on pumping Litecoin. He even went on CNBC to pump it for Christ sake.

Just look at any random altcoin graph for a 3 year period. You'll see constant pump & dumps: mooning & crashing. That's because everyone just wants to make a quick buck. I get it, it's fun. It's a game. Some are good at it. I don't mind this scheme: it's honest in a way, everyone can pump and dump, so everyone can gamble all they want.

Guys like Charlie Lee, however, simply abuse their position to game the system itself. His nice guy act clearly serves as a get-out-of-jail-free card. GMAFB. Don't be a sucker.

Wasn't it also a top months ago?

Post: #67

(12-21-2017 03:17 PM)cycl0ne Wrote:  

(12-21-2017 03:06 PM)Maciano Wrote:  Don't be fools! If he was honest he could have sold his coins months ago. He didn't. He sold at the top. Why would _YOU_ sell at the top? To cash in on noobs. Anybody who witnessed 2013 knows that altcoins go parabolic a few weeks after bitcoin goes parabolic, because noobs feel they missed the boat, and think they can jump on the second boat. Charlie knew Litecoin would moon sooner or later. He waited cashing out while he kept on pumping Litecoin. He even went on CNBC to pump it for Christ sake.

Just look at any random altcoin graph for a 3 year period. You'll see constant pump & dumps: mooning & crashing. That's because everyone just wants to make a quick buck. I get it, it's fun. It's a game. Some are good at it. I don't mind this scheme: it's honest in a way, everyone can pump and dump, so everyone can gamble all they want.

Guys like Charlie Lee, however, simply abuse their position to game the system itself. His nice guy act clearly serves as a get-out-of-jail-free card. GMAFB. Don't be a sucker.

He could have cashed out long time ago. As you said, the pumping and dumping have been occurring for a while now. Also he didn't even have to make the announcement of selling his coins. He could have sold his coins and no one would have known unlike if it was the case with a publicly owned company

See this graph

https://imgur.com/a/60Gvt

In the red boxes are pumps of future past. On the right is Charlie's dump.

PS I'm out. I feel nerded out talking about this stuff.

Post: #68

(12-21-2017 10:56 AM)DamienCasanova Wrote:  

(12-21-2017 07:20 AM)Roosh Wrote:  I'm really concerned with Lee selling all his coins. It would be like me selling all my web sites but then saying "Hey guys don't worry I still love my sites". Maybe that's true, but without skin in the game, I won't care as much about their success.

It's possible that BCH getting added to Coinbase is a negative move for Litecoin, since the whole purpose of Litecoin was a faster alternative to BTC. Lee knew that and sold at the top because it's not really needed now. If Litecoin hits a bottom, Lee will probably buy again and pump it up to a new high to repeat the process.

Don't sell your LTC yet!

Rumor is that he sold his coins so he could work for Facebook, and implement a Litecoin rollout for FB payments.

http://www.zerohedge.com/news/2017-12-21...s-litecoin

"
It was requested from Facebook to do it so that he can’t be accused of personal interest, decision bias with regards to the LTC ecosystem development. Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel.

“Digital currency exchange startup Coinbase has announced the appointment of a Facebook executive to its board of directors. In joining the board, David Marcus, vice president of messaging products at Facebook, will bring years of experience in building large-scale mobile products, according to a Coinbase statement posted yesterday.”"

This seems to make sense. Why would he sell off his entire stake rather than just a portion, especially since it is very likely to pump again.

Post: #69

Why is this entire forum obsessed with picking winners and losers in a marketplace none of us fully understand? Unless you have inside information we don't know Charlie Lee's motives are a guessing game. He might announce a Facebook partnership, he might not. LTC might go up anyway, or it might now. Diversify!

Post: #70

There is no credible source for this Facebook partnership. Right now this is based on what some anonymous nobody posted in the comment section of a zerohedge article.

Post: #71

Selling is suspicious no matter how he wants to spin it. It's like a corporate executive/insider selling all their shares in the company usually near the top (like Lee). There are laws against this sort of thing on security exchanges, but it still happens.

There's a reason that many comp packages contain equity shares, it creates more motivation. How much faith in the product does selling all his coins show?

Post: #72

Nice jump today until it hit a big sell wall at $300.

Post: #73

The Koreans are pumping up Litecoin. Check the volume of where the pump is originating.

Post: #74

Is there a good place to find out how much the best Litecoin transaction fee should be in sat/byte?

Post: #75

Here is some more information on possible insider trading and manipulation by nice guy Charlie Lee.

https://medium.com/@bitfinexed/coinbase-...64ead3facc