Source: silverdoctors.com
Yesterday the founder of Bitcoin.com sold all his Bitcoins and today Charlie Lee, founder of Litecoin sold of his Litecoin. Mr. Lee's Reddit post was
"Over the past year, I try to stay away from price related tweets, but it's hard because price is such an important aspect of Litecoin growth. And whenever I tweet about Litecoin price or even just good or bads (sic) news, I get accused of doing it for personal benefit. Some people even think I short LTC! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence. I have always refrained from buying/selling LTC before or after my major tweets, but this is something only I know. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of Litecoin and crypto-currency in general.
For this reason, in the past days, I have sold and donated all my LTC. Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoin's success. For the first time in 6+ years, I no longer own a single LTC that's not stored in a physical Litecoin. (I don have a few of those as collectibles.) This is definitely a weird feeling, but also somehow refreshing. Don't worry. I'm not quitting Litecoin. I will still spend all my time working on Litecoin. When Litecoin succeeds, I will still be rewarded in lots of different ways, just not directly via ownership of coins. I now believe this is the best way for me to continue to oversee Litecoin's growth".
He does say more but I didn't include it in this post. Feel free to read the full article at sliverdoctors.com.
The question that should be on all investors in crypto currencies is why are they getting out of the market. Is this a harbinger of the future?
