I used to be an ardent admirer of lite coin. It is the oldest crypto in town after bitcoin, created some six years ago. It is stable throughout this time.
Charlie Lee is Litecoin founder and is backing it throughout this time.Litecoin is also more faster and efficient than bitcoin due to bigger blocksize.
All this went down the hill, when Charlie himself sold all his litecoins in mid-december, 2017. This happened exactly at the point of time, when lite coin's value is five times it's value over a week ago. Also, this is the point where lite coin would have grown another ten times. But, like a person who loses confidence in his investment he sold all this lite coins. If the person who founded the company itself solds and exits it how can anyone trust the company anymore.
He cited reasons like conflict of interest and all, but whatever he says the coin is poised for demise. Don't put your hard earned money in this coin.
Also, litecoin has no use like ether or ripple but is similar to bitcoin. But bitcoin, bitcoin cash, litecoin all are like gold but there can only be one gold. It is hard to guess which of these three or some other coin will be gold.
Charlie Lee is Litecoin founder and is backing it throughout this time.Litecoin is also more faster and efficient than bitcoin due to bigger blocksize.
All this went down the hill, when Charlie himself sold all his litecoins in mid-december, 2017. This happened exactly at the point of time, when lite coin's value is five times it's value over a week ago. Also, this is the point where lite coin would have grown another ten times. But, like a person who loses confidence in his investment he sold all this lite coins. If the person who founded the company itself solds and exits it how can anyone trust the company anymore.
He cited reasons like conflict of interest and all, but whatever he says the coin is poised for demise. Don't put your hard earned money in this coin.
Also, litecoin has no use like ether or ripple but is similar to bitcoin. But bitcoin, bitcoin cash, litecoin all are like gold but there can only be one gold. It is hard to guess which of these three or some other coin will be gold.
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