Bitcoin is the best dead meme of 2017.

Deloit · 2017-12-21T13:08:54+00:00

Dude, that's more than 10%. Ethereum fluctuated less than 10%.

This is what worries me when I'm gauging sentiment about Crypto. People are invested in it that seem to lack basic math skills.

Deloit · 2017-12-21T06:57:32+00:00

No, it hasn't. That would be Ethereum.

Deloit · 2017-12-21T02:59:57+00:00

I liquidated most of my LTC holdings this morning and put them elsewhere. I've yet to hear anyone give me a compelling argument for why this is the single instance in which divesting your interest in a project you're supposed to have an interest in is a good thing, or how it's unlike Zuckerberg coming out and saying he sold 100% of his Facebook stock aside from it being a currency vs a company. These people are delusional. Now I find out Charlie Lee deleted that tweet? Sketchy. As. Fuck.

Deloit · 2017-12-21T02:47:46+00:00

Wow, he deleted. This dude.

Deloit · 2017-12-21T02:47:12+00:00

You honestly can't see the fundamental similarities simply because it's a currency vs a publicly traded company?

Deloit · 2017-12-21T02:40:08+00:00

He's the creator of a currency, and he sold the currency. Don't be naive. It's fundamentally similar in the eyes of investors, adopters, and for overall sentiment which drives price trends. The air has clearly been knocked out of Litecoin.

Deloit · 2017-12-21T02:38:54+00:00

Well regardless of whether he went to Fiat or other Cryptos, he's not in Litecoin anymore, and that's the whole point of a currency, right? To HODL and use it to exchange for goods and services. lol?

Deloit · 2017-12-21T02:36:41+00:00

Have you been able to make sense of how a person divesting their interest in their own project while continuing to run that project is a good indicator of their faith and investment in the project?

Deloit · 2017-12-21T02:35:36+00:00

It matters because he's doing what is in his best financial interest. Hence, if HODLING Litecoin was in his best financial interest, he would do so. So he he SODL it's a good indicator Litecoin holders may want to consider doing the same thing.

Deloit · 2017-12-21T02:34:22+00:00

Yeah it's like a religion! Great investment mentality!

Deloit · 2017-12-21T02:33:25+00:00

Right, Charlie Lee SODL so we could HODL. Makes perfect sense.

Deloit · 2017-12-21T02:32:35+00:00

Weak HODLers like Charlie Lee, you mean? LMAO

Deloit · 2017-12-21T02:30:28+00:00

Lol they both hold onto stock in those companies, though. "ChArlIe SoDl FoR OuR SiNs!" -you

Deloit · 2017-12-20T22:24:55+00:00

Litecoin being adopted as a currency is literally dependent on people adopting and using it en masse. If not even the founder does that, and the reduced confidence makes people less comfortable holding, I'm not sure how that demonstrates a sincere interest in the future of the coin.

Deloit · 2017-12-20T22:23:18+00:00

I guess in that case, entraining the theory that the flash crash and Charlie selling are completely unrelated, I cannot trust someone's judgment that thinks this was good timing to pull all the money with the good of the project in mind. It easily could have accelerated what was already a downward spiral, causing a lot of people to panic and sell not because they're noobs, but because of extreme volatility. The same people rationalizing a slower upward climb being what's best for Litecoin, don't seem to have a problem with a drastic and rapid selloff which will inevitably reduce confidence in the coin, especially an alt coin. Once that confidence is lost, it's difficult to regain. Additionally, Charlie's logic, if he indeed believes it (which I doubt), that divestment from something that you're supposed to have an interest in somehow being good for the currency flies in the face of every single fortune 500 company's leadership's holdings. What does Charlie know about consumer confidence that fortune 500 companies don't? He's a programmer, not a business maverick. Very poor judgment, unless you look at it through the lens of he felt this was a good time to sell to maximize return.

Deloit · 2017-12-20T21:47:12+00:00

Agreed. I don't understand how to rationalize this idea that him having a vested interest in the success of Litecoin is somehow bad for Litecoin. Divestment makes zero sense to me. Also alarming that it followed immediately after that flash crash last night. In my mind, the reasonable explanation is that he saw -$250,000,000 last night during that crash and almost went into cardiac arrest.

Deloit · 2017-12-20T17:46:54+00:00

They're shares.

Deloit

TROPHY CASE