21-12-2017, 12:59 PM
A Cryptocurrency Founder Sold All His Coins After 7,500% Rally
By Nour Al Ali and Todd White
December 20, 2017, 6:17 PM GMT+8 Updated on December 21, 2017, 2:06 AM GMT+8
Charlie Lee, creator of the world’s fifth-biggest cryptocurrency, cashed in during a 75-fold rally this year.
The San Francisco-based software engineer whose litecoin was founded in 2011 “sold and donated” all of his holdings over the past few days, he said in a Reddit post. The disposal was aimed at preventing a “conflict of interest” when Lee makes comments on social media about the digital currency that could influence its price, he said.
“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,” Lee said. “For the first time in six+ years, I no longer own a single LTC” other than a few collector’s coins.
More details in https://www.bloomberg.com/news/articles/...-his-coins
By Nour Al Ali and Todd White
December 20, 2017, 6:17 PM GMT+8 Updated on December 21, 2017, 2:06 AM GMT+8
Charlie Lee, creator of the world’s fifth-biggest cryptocurrency, cashed in during a 75-fold rally this year.
The San Francisco-based software engineer whose litecoin was founded in 2011 “sold and donated” all of his holdings over the past few days, he said in a Reddit post. The disposal was aimed at preventing a “conflict of interest” when Lee makes comments on social media about the digital currency that could influence its price, he said.
“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,” Lee said. “For the first time in six+ years, I no longer own a single LTC” other than a few collector’s coins.
More details in https://www.bloomberg.com/news/articles/...-his-coins
cash out first! cash in hand!