Did Charlie Lee know?
It's strange to see the market crash suddenly. Isn't it?
We all were constantly seeing posts on steemit about the BTC prices are about to hit 20000USD mark before 2018. Now all that seems so unlikely.
But is this the only strange thing that happened this week?
No,wait!
The Former Google Employee,Ex-director of engineering at Coinbase and Founder of Litecoin, Charlie Lee decided to sell all his Litecoins and made a public post about the same on the 20th of December at 1pm. He decided to donate all his money to the Litecoin foundation and further clarified in his post saying by saying he'll be working for Litecoin and will continue to benefit from the coin in other ways. Many have protested against this issue on the social Media and some even told it's a Good move.
Ever since he made this post, the cryptocurrency prices have been falling down consistently. I somehow feel there's a connection between both these strange events
Hence, i have a few questions in my mind.
1)Did Charlie Lee know about the Market crash well before?
Or
2)Was the occurrence of both these events,just a coincidence?
Or
3)Did his move of the sell all the Litecoins cause the downfall of the Crypto Prices?
I have to admit that I'm a Minnow with very little knowledge of the Cryptoworld, but these are just my sincere questions.
Click on the link below, to see Charlie Lee's public post about selling all his Litecoins.
https://steemit.com/cryptocurrency/@backpackingmonk/founder-of-litecoin-charlie-lee-sold-all-his-bitcoins
Please feel free to help me out with your answers by using the comment section below.
is not having any stake a good thing? what incentive does he have to improving litecoin. Did he sell LTC to USD or converted to other crypto.
To USD mostly, and he donated it for charity.
I'm not sure if it's a good or bad thing, I know the prices of the Litecoin and other Crypto coins have been constantly going down after that.
what do think bitcoin new low will be? support at 10k?
We can only speculate now.
I would 10k is very much possible, what are the experts/whales saying?
experts are all in hiding, they only appear to pump on national tv to take credit, on dump they don't want to subliminally relate their face with bearish run.
He knows what Bitcoin's wave of unconfirmed transactions means for Litecoin. It couldn't handle heavy load any better. #bitcoinisbroken
@originalworks