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Litecoin Magazine shared: So, Mike Novagratz goes on CNBC and has enough “power” to get them to pull LTC Litecoin LTC off the list after being 10 years in, no downtime, having major developments like optional privacy, NFTs, Smart contracts on the way for a coin that hasn’t stood any tests? Strange.
Mike Novagratz stated, “it is strange to me that Litecoin shows up on anyone’s – you know it is not something that people are engaged in. And, it is not a technology.” What should be on there? “Solana, Terra LUNA, – those are the cryptos that are getting the interest from the community that is building. What we look at is – who is building on things, where is the innovation, where is the development and so I have Solana and LUNA out there.”
Community Response: Litecoin is cool with low transaction fees fee and high liquidity, but it probably operates at its secluded niche now. To the many LTC fanatics, trust me on this. Don’t marry yourself to any bags. Don’t feel anything. Don’t become a renegade and short Tesla just because it is a good story to tell.
It isn’t about marrying bags. What this guy is saying is a code fork of BTC is non-innovative, which in turn is directly saying LTC and BTC alike should be unlisted and his VC bags can take the place.
The billionaire Novogratz wants you to sell your Litecoin. He may be on the other side of that trade because he KNOWS $LTC has existed flawlessly for over 10 years and has a higher uptime than both $BTC and $ETH–and in 4 days the most significant update in its entire history!
Honest question – I’ve held LTC for years but don’t know why – what is the point of it now? We have Bitcoin with the lightning network? It has been on my list to dump for a while but I have been debating it.
LN works like a hot wallet so it’s irrelevant to compare it to LTC. In other news some Chivo users claim funds are missing from their wallets…
The comparison is that LN it is instant and free, I use Strike all the time and it is flawless, so all these other coins that boast their speed don’t provide anything new. Also, the few Chivo complaints are probably user error or fake. So what does LTC provide that is novel?
LTC is decentralized as much as BTC. Yet none of the other top 10 cryptos by market cap are as decentralized. Follow decentralized coins. Beware of scam projects that won’t last.
Litecoin is more appealing than Solana or Luna – VC want to pump their own bags.
The timing seems interesting. He wants to shill LUNA and SOL at highs to dump on retail and take eyes off LTC while he bashes down to load up cheap.
That actually makes me feel even more bullish and might be the perfect bottom signal (and top signal for mike’s shills). Imagine believing in LITECOIN and MWEB and giving up now.
Literally just bought back in. Seems like a bottom signal plus DXY is reaching resistance and MIMBLE WIMBLE on the brink of being released. Perfect set up.
It is about time someone reacts to the nonsense that’d been going on in Litecoin project.
It’s sad what has happened to the legacy coins. Now, it’s all VC controlled developer teams pumping coins.
LTC is boring. LUNA is the way.
Sometimes, the primary purpose, not “building things” is the innovation. I rarely feel better about new forms of my fiat paper dollars minted, and have never found them to operate differently when using them to pay. One feature Litecoin does much better? Hold value!
Just bought more Litecoin. He just wants to pump his LUNA bags.
What Mike did here is dirty. He doesn’t care about Bitcoin or any crypto, it’s whatever makes him more USD, all of these Wallstreet VC guys only care about. Oh and he endorsed EOS too just like Solana, this is good for his bags.
People who think Litecoin isn’t sound don’t understand crypto.
Sorry, but Litecoin is irrelevant for anything other than being a BTC testnet.
