01-09-2018, 08:37 PM
(This post was last modified: 01-09-2018, 10:41 PM by Determined.)
To be fair, publicly he can't say his real reasons for selling as it would induce fear and panic. The crypto market is driven largely by public perception and if he were to openly say he feels the Bitcoin Lightning Network were a threat to Litecoin, it would cause Litecoin prices to drop.
He sold his Litecoin at $350 which would make him very rich anyway. He also sold all his Bitcoin Cash at the same time (both the BTC forks). I'm presuming he knows something that we don't hence his behaviour.
I'd feel more assured that he was interested in growing LTC if he had a stake in it and if he was interested in becoming rich. Without his personal interest, they're just words.
I agree, it's important to look behind the words hence why I'm skeptical. If he's saying he sold all his LTC so he could grow the company in value and not make any money for himself - I'd be skeptical of that too.
He sold his Litecoin at $350 which would make him very rich anyway. He also sold all his Bitcoin Cash at the same time (both the BTC forks). I'm presuming he knows something that we don't hence his behaviour.
I'd feel more assured that he was interested in growing LTC if he had a stake in it and if he was interested in becoming rich. Without his personal interest, they're just words.
I agree, it's important to look behind the words hence why I'm skeptical. If he's saying he sold all his LTC so he could grow the company in value and not make any money for himself - I'd be skeptical of that too.
