Should We Believe Charlie Lee This Time?
Charlie Lee found of litecoin who sold all of his litecoin when it was nearly $400 a pop and has never returned has said a ton of stuff this last year.
There where 3 cases in which litecoin was said it was going to launch something major and all 3 times it seriously flopped or just fell through now living the price at a small $7-$80 range.
However Charlie Lee today says efforts are in the works to push litecoin to $400.
However it seems bank related yet again you know that one thing crypto currency was designed to take down and for some reason all these cryptos seem to really have lost focus on that.
A Germany based WEG bank has partnered with litecoin for a 9.9% stake and is said to be working towards debit cards, merchant processing and other innovative solutions.
So is this anything to get excited about this time ? or is it just some BS yet again?
My Opnion...
A part of me wants to really believe that litecoin has a bright future. However money really drives a factor so if Charlie Lee does not hold any then whats his incentive or motivation to really try to drive up the price just good will? That never works lol at least from what I have seen.
So while I do think Litecoin will go up in value I don't believe its ever really going to put on any real competition to other coins sadly.
I still believe he has the business connections to make LTC a success by driving adoption. Wishful thinking for sure, but really think LTC has potential.
In my opinion unless the revelation is earth shattering and I do mean, jaw dropping news. It will do little to nothing for the valuation of Litecoin.
Now, here is the deal though, I do believe litecoin is currently priced fairly. But, that's my opinion. So it's not a bad crypto to be holding. Do I think its going to moon? Not really. But then again Litecoin is kind of known for how boring it tends to be on price action.
Its tough to have a lot of faith in someone telling you its going to a certain price again. I’d rather them not predicting prices and instead focus on getting the adoption and gateways to improve on the ecosystem which LTC has created.
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Charlee Lee aka the Silent Ninja is an inside trader; who has already sold at the highs. I wouldn't be surprised if he is buying up $LTC or whatever future ventures Litecoin will be involved with.
my first pick while entering into crypto was also litecoin, as it was considered the next bitcoin, but now i also don't think of it as a great investment myself!
I used litecoins a lot for trading for other coins when the bitcoin fees where very high. I like litecoins a lot, it saved me a lot of money in network fees and very fast. I would like to see litecoin do well in the future.
Great post! I just followed and upvoted you! Follow me back @relsserd.